Seagate Technology Holdings PLC $STX Stock Holdings Lifted by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. grew its position in Seagate Technology Holdings PLC (NASDAQ:STX) by 10.0% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 51,129 shares of the data storage provider’s stock after purchasing an additional 4,647 shares during the period. PNC Financial Services Group Inc.’s holdings in Seagate Technology were worth $7,379,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in STX. Vision Financial Markets LLC bought a new stake in Seagate Technology in the second quarter worth approximately $173,000. Nordea Investment Management AB lifted its stake in shares of Seagate Technology by 18.0% in the 2nd quarter. Nordea Investment Management AB now owns 18,422 shares of the data storage provider’s stock valued at $2,632,000 after purchasing an additional 2,808 shares during the last quarter. Central Asset Investments & Management Holdings HK Ltd boosted its holdings in Seagate Technology by 185.8% in the second quarter. Central Asset Investments & Management Holdings HK Ltd now owns 18,734 shares of the data storage provider’s stock worth $2,704,000 after purchasing an additional 12,178 shares in the last quarter. Retirement Planning Co of New England Inc. acquired a new position in Seagate Technology during the first quarter worth $272,000. Finally, Allspring Global Investments Holdings LLC increased its position in Seagate Technology by 21.5% during the second quarter. Allspring Global Investments Holdings LLC now owns 61,263 shares of the data storage provider’s stock worth $8,886,000 after buying an additional 10,847 shares during the last quarter. 92.87% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have recently issued reports on the company. Weiss Ratings reiterated a “buy (b)” rating on shares of Seagate Technology in a research note on Thursday. Benchmark boosted their target price on Seagate Technology from $250.00 to $255.00 and gave the stock a “buy” rating in a report on Wednesday, October 29th. TD Cowen upped their target price on Seagate Technology from $270.00 to $340.00 and gave the stock a “buy” rating in a research report on Tuesday, November 11th. Evercore ISI lifted their price target on shares of Seagate Technology from $160.00 to $330.00 and gave the company an “outperform” rating in a research report on Monday, October 13th. Finally, Argus boosted their price objective on shares of Seagate Technology from $170.00 to $300.00 and gave the stock a “strong-buy” rating in a research note on Thursday, October 30th. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $281.36.

Insider Buying and Selling at Seagate Technology

In related news, EVP Ban Seng Teh sold 6,000 shares of the stock in a transaction dated Wednesday, November 5th. The shares were sold at an average price of $270.00, for a total value of $1,620,000.00. Following the completion of the sale, the executive vice president owned 12,041 shares in the company, valued at approximately $3,251,070. This trade represents a 33.26% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP John Christopher Morris sold 15,347 shares of the business’s stock in a transaction dated Friday, September 12th. The shares were sold at an average price of $195.80, for a total value of $3,004,942.60. Following the transaction, the executive vice president owned 9,843 shares in the company, valued at $1,927,259.40. This represents a 60.92% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 131,261 shares of company stock valued at $34,210,708 in the last three months. Company insiders own 0.79% of the company’s stock.

Seagate Technology Stock Down 1.7%

Shares of NASDAQ STX opened at $258.21 on Monday. Seagate Technology Holdings PLC has a 12 month low of $63.19 and a 12 month high of $297.88. The company has a market cap of $55.14 billion, a P/E ratio of 33.15, a P/E/G ratio of 1.17 and a beta of 1.63. The business’s 50 day moving average is $234.03 and its two-hundred day moving average is $171.70.

Seagate Technology (NASDAQ:STX) last announced its quarterly earnings data on Tuesday, October 28th. The data storage provider reported $2.61 earnings per share (EPS) for the quarter, topping the consensus estimate 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 business had revenue of $2.63 billion for the quarter, compared to the consensus estimate of $2.54 billion. During the same quarter last year, the company posted $1.58 earnings per share. Seagate Technology’s quarterly revenue was up 21.3% on a year-over-year basis. Seagate Technology has set its Q2 2026 guidance at 2.550-2.950 EPS. Sell-side analysts expect that Seagate Technology Holdings PLC will post 6.83 earnings per share for the current fiscal year.

Seagate Technology Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 9th. Stockholders of record on Wednesday, December 24th will be issued a dividend of $0.74 per share. This represents a $2.96 annualized dividend and a dividend yield of 1.1%. The ex-dividend date 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 presently 38.00%.

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.