Axxcess Wealth Management LLC Makes New $222,000 Investment in Seagate Technology Holdings PLC $STX

Axxcess Wealth Management LLC bought a new position in shares of Seagate Technology Holdings PLC (NASDAQ:STX) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 1,540 shares of the data storage provider’s stock, valued at approximately $222,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. boosted its holdings 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 in the last quarter. Wellington Management Group LLP boosted its holdings in shares of Seagate Technology by 3,339.4% in the 1st quarter. Wellington Management Group LLP now owns 933,996 shares of the data storage provider’s stock valued at $79,343,000 after buying an additional 906,840 shares in the last quarter. Vanguard Group Inc. boosted its holdings 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 buying an additional 769,009 shares in the last quarter. Valley Wealth Managers Inc. bought a new stake in shares of Seagate Technology in the 1st quarter valued at about $17,546,000. Finally, Nuveen LLC bought a new stake in shares of Seagate Technology in the 1st quarter valued at about $17,058,000. 92.87% of the stock is currently owned by institutional investors.

Seagate Technology Stock Down 0.3%

STX stock opened at $225.40 on Friday. The firm has a 50 day moving average of $198.09 and a 200 day moving average of $145.45. The stock has a market capitalization of $48.00 billion, a PE ratio of 33.29, a price-to-earnings-growth ratio of 1.01 and a beta of 1.63. Seagate Technology Holdings PLC has a 52 week low of $63.19 and a 52 week high of $264.83.

Seagate Technology (NASDAQ:STX) last posted its quarterly earnings results on Tuesday, July 29th. The data storage provider reported $2.59 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to analyst estimates of $2.40 billion. During the same period last year, the firm posted $1.05 EPS. Seagate Technology’s revenue for the quarter 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. On average, equities research analysts expect that Seagate Technology Holdings PLC will post 6.83 earnings per share for the current year.

Seagate Technology Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 9th. Shareholders of record on Tuesday, September 30th were given a dividend of $0.72 per share. The ex-dividend date of this dividend was 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 (DPR) is currently 42.54%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Susquehanna raised their price target on shares of Seagate Technology from $68.00 to $80.00 and gave the company a “negative” rating in a report on Wednesday, July 30th. Wells Fargo & Company raised their price target on shares of Seagate Technology from $160.00 to $240.00 and gave the company an “equal weight” rating in a report on Monday, October 13th. Robert W. Baird raised their price target on shares of Seagate Technology from $120.00 to $188.00 and gave the company an “outperform” rating in a report on Wednesday, July 30th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Seagate Technology in a research note on Wednesday, October 8th. Finally, Barclays lifted their target price on shares of Seagate Technology from $180.00 to $200.00 and gave the stock an “equal weight” rating in a research note on Thursday, September 11th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Seagate Technology presently has a consensus rating of “Moderate Buy” and a consensus target price of $229.40.

Insider Activity at Seagate Technology

In other Seagate Technology news, CEO William D. Mosley sold 20,000 shares of the firm’s stock in a transaction that occurred on 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 completion of the transaction, the chief executive officer directly owned 485,668 shares of the company’s stock, valued at approximately $121,368,433.20. This trade represents a 3.96% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP John Christopher Morris sold 15,347 shares of the firm’s stock in a transaction that occurred on Friday, September 12th. The stock was 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 of the company’s stock, valued at $1,927,259.40. This represents a 60.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 75,620 shares of company stock worth $14,464,056 in the last ninety days. 0.79% of the stock is owned by company insiders.

About Seagate Technology

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.