Donoghue Forlines LLC Buys 16,241 Shares of Seagate Technology Holdings PLC $STX

Donoghue Forlines LLC boosted its stake in Seagate Technology Holdings PLC (NASDAQ:STX) by 96.8% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 33,014 shares of the data storage provider’s stock after purchasing an additional 16,241 shares during the quarter. Seagate Technology comprises about 1.4% of Donoghue Forlines LLC’s holdings, making the stock its 6th biggest position. Donoghue Forlines LLC’s holdings in Seagate Technology were worth $4,765,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. JPMorgan Chase & Co. grew its stake in shares of Seagate Technology by 12.9% in the 1st quarter. JPMorgan Chase & Co. now owns 18,920,792 shares of the data storage provider’s stock valued at $1,607,321,000 after buying an additional 2,161,191 shares during the period. Boston Partners acquired a new stake in Seagate Technology in the second quarter valued at approximately $193,500,000. Wellington Management Group LLP increased its holdings in shares of Seagate Technology by 3,339.4% during the first quarter. Wellington Management Group LLP now owns 933,996 shares of the data storage provider’s stock valued at $79,343,000 after acquiring an additional 906,840 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Seagate Technology by 2.7% during the first quarter. Vanguard Group Inc. now owns 28,743,126 shares of the data storage provider’s stock worth $2,441,729,000 after purchasing an additional 769,009 shares during the period. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in shares of Seagate Technology during the second quarter worth approximately $45,955,000. Institutional investors and hedge funds own 92.87% of the company’s stock.

Insider Activity

In related news, EVP Ban Seng Teh sold 6,000 shares of the business’s stock in a transaction dated Wednesday, November 5th. The stock was sold at an average price of $270.00, for a total transaction of $1,620,000.00. Following the completion of the transaction, the executive vice president directly owned 12,041 shares in the company, valued at $3,251,070. The trade was a 33.26% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Stephanie Tilenius sold 2,046 shares of the company’s stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $266.41, for a total value of $545,074.86. Following the completion of the transaction, the director owned 12,244 shares in the company, valued at $3,261,924.04. This represents a 14.32% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 77,240 shares of company stock worth $18,806,080. Company insiders own 0.79% of the company’s stock.

Seagate Technology Stock Down 7.3%

Shares of NASDAQ STX opened at $262.56 on Friday. The company has a market cap of $56.07 billion, a P/E ratio of 33.70, a P/E/G ratio of 1.17 and a beta of 1.63. Seagate Technology Holdings PLC has a 52 week low of $63.19 and a 52 week high of $297.88. The business has a 50-day simple moving average of $232.63 and a two-hundred day simple moving average of $169.29.

Seagate Technology (NASDAQ:STX) last announced its quarterly earnings results on Tuesday, October 28th. The data storage provider reported $2.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.40 by $0.21. Seagate Technology had a net margin of 17.92% and a negative return on equity of 297.87%. The firm had revenue of $2.63 billion for the quarter, compared to the consensus estimate of $2.54 billion. During the same period in the prior year, the firm posted $1.58 earnings per share. The company’s revenue for the quarter was up 21.3% on a year-over-year basis. Seagate Technology has set its Q2 2026 guidance at 2.550-2.950 EPS. Equities research analysts anticipate that Seagate Technology Holdings PLC will post 6.83 EPS for the current year.

Seagate Technology Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 9th. Shareholders of record on Wednesday, December 24th will be issued a $0.74 dividend. This represents a $2.96 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend is Wednesday, December 24th. This is a positive change from Seagate Technology’s previous quarterly dividend of $0.72. Seagate Technology’s payout ratio is 38.00%.

Analysts Set New Price Targets

A number of analysts have commented on the stock. Cantor Fitzgerald boosted their price target on shares of Seagate Technology from $280.00 to $400.00 and gave the company an “overweight” rating in a research note on Thursday, November 6th. Fox Advisors boosted their target price on shares of Seagate Technology from $245.00 to $270.00 in a research report on Wednesday, October 29th. Wedbush increased their price objective on Seagate Technology from $260.00 to $290.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 29th. BNP Paribas Exane dropped their price target on shares of Seagate Technology from $240.00 to $230.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 29th. Finally, Bank of America boosted their price target on shares of Seagate Technology from $255.00 to $275.00 and gave the stock a “buy” rating in a report on Wednesday, October 29th. Two research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $281.36.

Seagate Technology Company Profile

Seagate Technology Holdings plc provides data storage technology and solutions in Singapore, the United States, the Netherlands, and internationally. It provides mass capacity storage products, including enterprise nearline hard disk drives (HDDs), enterprise nearline solid state drives (SSDs), enterprise nearline systems, video and image HDDs, and network-attached storage drives.