OLD National Bancorp IN Purchases Shares of 1,974 Seagate Technology Holdings PLC $STX

OLD National Bancorp IN purchased a new stake in Seagate Technology Holdings PLC (NASDAQ:STX) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 1,974 shares of the data storage provider’s stock, valued at approximately $285,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in shares of Seagate Technology by 2.7% in the 1st quarter. Vanguard Group Inc. now owns 28,743,126 shares of the data storage provider’s stock valued at $2,441,729,000 after purchasing an additional 769,009 shares in the last quarter. JPMorgan Chase & Co. boosted 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 purchasing an additional 2,161,191 shares in the last quarter. Invesco Ltd. boosted its stake in shares of Seagate Technology by 3.6% in the 1st quarter. Invesco Ltd. now owns 2,861,418 shares of the data storage provider’s stock valued at $243,077,000 after purchasing an additional 99,884 shares in the last quarter. Royal Bank of Canada boosted its stake in shares of Seagate Technology by 0.8% in the 1st quarter. Royal Bank of Canada now owns 1,628,941 shares of the data storage provider’s stock valued at $138,378,000 after purchasing an additional 12,424 shares in the last quarter. Finally, Deutsche Bank AG boosted its stake in shares of Seagate Technology by 4.5% in the 1st quarter. Deutsche Bank AG now owns 1,181,460 shares of the data storage provider’s stock valued at $100,365,000 after purchasing an additional 50,699 shares in the last quarter. Institutional investors and hedge funds own 92.87% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently commented on STX. Barclays boosted their target price on shares of Seagate Technology from $180.00 to $200.00 and gave the company an “equal weight” rating in a research note on Thursday, September 11th. Mizuho boosted their target price on shares of Seagate Technology from $160.00 to $245.00 and gave the company an “outperform” rating in a research note on Friday, September 19th. Sanford C. Bernstein started coverage on shares of Seagate Technology in a research report on Tuesday, September 16th. They set an “outperform” rating and a $250.00 price target on the stock. Bank of America upped their price target on shares of Seagate Technology from $215.00 to $255.00 and gave the stock a “buy” rating in a research report on Wednesday, September 24th. Finally, Robert W. Baird upped their price target on shares of Seagate Technology from $120.00 to $188.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 30th. One research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $193.32.

Seagate Technology Trading Down 7.3%

Seagate Technology stock opened at $225.01 on Wednesday. Seagate Technology Holdings PLC has a 1 year low of $63.19 and a 1 year high of $264.83. The company has a market cap of $47.92 billion, a PE ratio of 33.24, a PEG ratio of 1.09 and a beta of 1.63. The company’s 50-day moving average is $187.07 and its two-hundred day moving average is $138.01.

Seagate Technology (NASDAQ:STX) last released its earnings results on Tuesday, July 29th. The data storage provider reported $2.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.45 by $0.14. Seagate Technology had a net margin of 16.15% and a negative return on equity of 169.60%. The company had revenue of $2.44 billion for the quarter, compared to the consensus estimate of $2.40 billion. During the same period in the prior year, the company posted $1.05 EPS. The company’s revenue was up 29.5% compared to the same quarter last year. Seagate Technology has set its Q1 2026 guidance at 2.100-2.500 EPS. Research analysts forecast that Seagate Technology Holdings PLC will post 6.83 EPS for the current year.

Seagate Technology Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 9th. Shareholders of record on Tuesday, September 30th will be given a dividend of $0.72 per share. The ex-dividend date is Tuesday, September 30th. This represents a $2.88 dividend on an annualized basis and a yield of 1.3%. Seagate Technology’s dividend payout ratio is presently 42.54%.

Insider Activity at Seagate Technology

In other Seagate Technology news, EVP John Christopher Morris sold 15,347 shares of the company’s stock in a transaction dated Friday, September 12th. The shares were sold at an average price of $195.80, for a total transaction of $3,004,942.60. Following the transaction, the executive vice president directly owned 9,843 shares in the company, valued at approximately $1,927,259.40. This represents a 60.92% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO William D. Mosley sold 20,000 shares of the company’s stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $249.90, for a total transaction of $4,998,000.00. Following the transaction, the chief executive officer owned 485,668 shares in the company, valued at approximately $121,368,433.20. The trade was a 3.96% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 75,935 shares of company stock worth $14,394,416. Insiders own 0.79% of the company’s stock.

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.