MGO One Seven LLC Makes New $349,000 Investment in Seagate Technology Holdings PLC $STX

MGO One Seven LLC acquired a new position in shares of Seagate Technology Holdings PLC (NASDAQ:STX) during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund acquired 2,420 shares of the data storage provider’s stock, valued at approximately $349,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Allspring Global Investments Holdings LLC increased its holdings in Seagate Technology by 21.5% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 61,263 shares of the data storage provider’s stock worth $8,886,000 after purchasing an additional 10,847 shares during the last quarter. Almanack Investment Partners LLC. acquired a new position in shares of Seagate Technology in the 2nd quarter worth approximately $541,000. CWM LLC grew its position in shares of Seagate Technology by 153.6% in the 2nd quarter. CWM LLC now owns 9,360 shares of the data storage provider’s stock worth $1,351,000 after acquiring an additional 5,669 shares in the last quarter. Vanguard Personalized Indexing Management LLC grew its position in shares of Seagate Technology by 32.7% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 36,310 shares of the data storage provider’s stock worth $5,241,000 after acquiring an additional 8,942 shares in the last quarter. Finally, Concurrent Investment Advisors LLC grew its position in shares of Seagate Technology by 30.1% in the 2nd quarter. Concurrent Investment Advisors LLC now owns 3,764 shares of the data storage provider’s stock worth $543,000 after acquiring an additional 870 shares in the last quarter. 92.87% of the stock is currently owned by hedge funds and other institutional investors.

Seagate Technology Trading Down 0.3%

Shares of NASDAQ STX opened at $225.40 on Friday. The company has a market cap of $48.00 billion, a price-to-earnings 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 12-month low of $63.19 and a 12-month high of $264.83. The stock’s 50 day simple moving average is $198.09 and its 200 day simple moving average is $145.45.

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

Seagate Technology Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on STX shares. Evercore ISI lifted their target price on Seagate Technology from $160.00 to $330.00 and gave the stock an “outperform” rating in a research report on Monday, October 13th. Robert W. Baird lifted their target price on Seagate Technology from $120.00 to $188.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 30th. Susquehanna lifted their target price on Seagate Technology from $68.00 to $80.00 and gave the stock a “negative” rating in a research report on Wednesday, July 30th. Zacks Research upgraded Seagate Technology from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 2nd. Finally, Mizuho lifted their target price on Seagate Technology from $245.00 to $280.00 and gave the stock an “outperform” rating in a research report on Friday. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Seagate Technology has an average rating of “Moderate Buy” and a consensus price target of $229.40.

Insider Activity

In other Seagate Technology news, EVP John Christopher Morris sold 377 shares of Seagate Technology stock in a transaction on Tuesday, September 16th. The stock was sold at an average price of $211.26, for a total transaction of $79,645.02. Following the sale, the executive vice president owned 13,238 shares of the company’s stock, valued at $2,796,659.88. The trade was a 2.77% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Jay L. Geldmacher sold 2,500 shares of Seagate Technology stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $150.50, for a total value of $376,250.00. Following the sale, the director directly owned 352 shares in the company, valued at $52,976. The trade was a 87.66% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 75,620 shares of company stock worth $14,464,056 over the last ninety days. 0.79% of the stock is currently 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.