Citizens Financial Group Inc. RI Purchases New Holdings in Seagate Technology Holdings PLC $STX

Citizens Financial Group Inc. RI acquired a new position in Seagate Technology Holdings PLC (NASDAQ:STX) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 2,281 shares of the data storage provider’s stock, valued at approximately $329,000.

Several other large investors have also modified their holdings of the business. Harbor Asset Planning Inc. purchased a new stake in shares of Seagate Technology in the second quarter worth approximately $27,000. Zions Bancorporation National Association UT purchased a new position in Seagate Technology during the 1st quarter valued at $42,000. GoalVest Advisory LLC grew its position in Seagate Technology by 30.6% in the 2nd quarter. GoalVest Advisory LLC now owns 320 shares of the data storage provider’s stock valued at $46,000 after acquiring an additional 75 shares during the last quarter. Costello Asset Management INC bought a new position in Seagate Technology in the 1st quarter valued at $47,000. Finally, Trust Co. of Toledo NA OH purchased a new stake in Seagate Technology in the second quarter worth $57,000. Hedge funds and other institutional investors own 92.87% of the company’s stock.

Insider Activity

In other Seagate Technology news, CEO William D. Mosley sold 20,000 shares of the firm’s stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $262.82, for a total value of $5,256,400.00. Following the completion of the sale, the chief executive officer directly owned 465,668 shares in the company, valued at $122,386,863.76. This trade represents a 4.12% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Kian Fatt Chong sold 7,078 shares of Seagate Technology stock in a transaction on Thursday, October 30th. The stock was sold at an average price of $272.14, for a total transaction of $1,926,206.92. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 131,261 shares of company stock worth $34,210,708 over the last 90 days. 0.79% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research analysts recently commented on STX shares. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Seagate Technology in a research note on Thursday, November 13th. Wedbush upped their target price on shares of Seagate Technology from $260.00 to $290.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 29th. Sanford C. Bernstein lifted their price target on shares of Seagate Technology from $275.00 to $370.00 and gave the company an “outperform” rating in a research note on Thursday, November 6th. Mizuho increased their price objective on Seagate Technology from $245.00 to $280.00 and gave the stock an “outperform” rating in a research note on Friday, October 17th. Finally, Evercore ISI raised their price objective on Seagate Technology from $160.00 to $330.00 and gave the stock an “outperform” rating in a report on Monday, October 13th. Two analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $281.36.

Seagate Technology Trading Up 2.1%

Shares of NASDAQ STX opened at $259.14 on Thursday. Seagate Technology Holdings PLC has a 12-month low of $63.19 and a 12-month high of $297.88. The stock’s fifty day simple moving average is $238.04 and its two-hundred day simple moving average is $174.64. The stock has a market capitalization of $55.34 billion, a PE ratio of 33.27, a price-to-earnings-growth ratio of 1.17 and a beta of 1.63.

Seagate Technology (NASDAQ:STX) last issued its quarterly earnings data on Tuesday, October 28th. The data storage provider reported $2.61 earnings per share for the quarter, topping analysts’ consensus estimates of $2.40 by $0.21. Seagate Technology had a negative return on equity of 297.87% and a net margin of 17.92%.The firm had revenue of $2.63 billion during the quarter, compared to analysts’ expectations of $2.54 billion. During the same period in the prior year, the business posted $1.58 EPS. The firm’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. On average, equities analysts predict that Seagate Technology Holdings PLC will post 6.83 earnings per share for the current fiscal year.

Seagate Technology Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 9th. Stockholders of record on Wednesday, December 24th will be given a $0.74 dividend. This represents a $2.96 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend is Wednesday, December 24th. This is an increase 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.