Foster & Motley Inc. Sells 1,233 Shares of Seagate Technology Holdings PLC $STX

Foster & Motley Inc. decreased its stake in Seagate Technology Holdings PLC (NASDAQ:STX) by 34.1% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,382 shares of the data storage provider’s stock after selling 1,233 shares during the period. Foster & Motley Inc.’s holdings in Seagate Technology were worth $344,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Personal CFO Solutions LLC bought a new position in shares of Seagate Technology in the 1st quarter valued at about $223,000. Amalgamated Bank grew its holdings in shares of Seagate Technology by 0.8% in the 1st quarter. Amalgamated Bank now owns 29,964 shares of the data storage provider’s stock valued at $2,545,000 after acquiring an additional 243 shares in the last quarter. Retirement Planning Co of New England Inc. bought a new position in Seagate Technology during the first quarter worth about $272,000. Alps Advisors Inc. boosted its holdings in shares of Seagate Technology by 10.2% during the first quarter. Alps Advisors Inc. now owns 278,831 shares of the data storage provider’s stock worth $23,687,000 after acquiring an additional 25,817 shares during the period. Finally, FARMERS & MERCHANTS TRUST Co OF LONG BEACH bought a new stake in shares of Seagate Technology during the second quarter worth approximately $322,000. Institutional investors own 92.87% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on STX. Barclays boosted their price objective on Seagate Technology from $180.00 to $200.00 and gave the stock an “equal weight” rating in a report on Thursday, September 11th. Susquehanna lifted their price target on shares of Seagate Technology from $68.00 to $80.00 and gave the company a “negative” rating in a research report on Wednesday, July 30th. Zacks Research upgraded shares of Seagate Technology from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 2nd. The Goldman Sachs Group lifted their price target on shares of Seagate Technology from $170.00 to $270.00 and gave the company a “buy” rating in a research report on Wednesday, October 8th. Finally, Morgan Stanley lifted their price target on shares of Seagate Technology from $168.00 to $265.00 and gave the company an “overweight” rating in a research report on Monday, September 29th. One research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Seagate Technology currently has a consensus rating of “Moderate Buy” and an average target price of $229.40.

Seagate Technology Price Performance

Shares of STX opened at $225.40 on Monday. Seagate Technology Holdings PLC has a one year low of $63.19 and a one year high of $264.83. The company has a market cap of $48.00 billion, a P/E ratio of 33.29, a P/E/G ratio of 1.01 and a beta of 1.63. The firm has a 50 day simple moving average of $198.09 and a two-hundred day simple moving average of $145.96.

Seagate Technology (NASDAQ:STX) last announced its quarterly earnings data on Tuesday, July 29th. The data storage provider reported $2.59 EPS for the quarter, beating the consensus estimate 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 business had revenue of $2.44 billion during the quarter, compared to the consensus estimate of $2.40 billion. During the same period in the previous year, the business earned $1.05 earnings per share. The company’s revenue was up 29.5% on a year-over-year basis. Seagate Technology has set its Q1 2026 guidance at 2.100-2.500 EPS. On average, analysts expect that Seagate Technology Holdings PLC will post 6.83 earnings per share for the current fiscal year.

Seagate Technology Announces Dividend

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

Insider Activity at Seagate Technology

In other news, insider James Ci Lee sold 3,509 shares of the company’s stock in a transaction on Thursday, July 31st. The shares were sold at an average price of $154.74, for a total transaction of $542,982.66. Following the completion of the transaction, the insider directly owned 1,288 shares in the company, valued at approximately $199,305.12. This represents a 73.15% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jay L. Geldmacher sold 2,500 shares of the company’s stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of $150.50, for a total transaction of $376,250.00. Following the transaction, the director owned 352 shares of the company’s stock, valued at $52,976. This trade represents a 87.66% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 75,620 shares of company stock valued at $14,464,056. 0.79% of the stock is owned by company insiders.

Seagate Technology 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.