Seagate Technology Holdings PLC $STX Shares Bought by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. raised its position in Seagate Technology Holdings PLC (NASDAQ:STX) by 1.1% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 90,042 shares of the data storage provider’s stock after acquiring an additional 1,021 shares during the quarter. Asset Management One Co. Ltd.’s holdings in Seagate Technology were worth $12,996,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of STX. Personal CFO Solutions LLC acquired a new position in shares of Seagate Technology during the 1st quarter worth approximately $223,000. Amalgamated Bank boosted its holdings in shares of Seagate Technology by 0.8% during the 1st quarter. Amalgamated Bank now owns 29,964 shares of the data storage provider’s stock worth $2,545,000 after purchasing an additional 243 shares during the last quarter. Nordea Investment Management AB boosted its holdings in shares of Seagate Technology by 18.0% during the 2nd quarter. Nordea Investment Management AB now owns 18,422 shares of the data storage provider’s stock worth $2,632,000 after purchasing an additional 2,808 shares during the last quarter. Retirement Planning Co of New England Inc. acquired a new position in shares of Seagate Technology during the 1st quarter worth approximately $272,000. Finally, Alps Advisors Inc. boosted its holdings in shares of Seagate Technology by 10.2% during the 1st quarter. Alps Advisors Inc. now owns 278,831 shares of the data storage provider’s stock worth $23,687,000 after purchasing an additional 25,817 shares during the last quarter. 92.87% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have recently weighed in on STX shares. UBS Group boosted their target price on Seagate Technology from $155.00 to $235.00 and gave the stock a “neutral” rating in a report on Monday, October 20th. Bank of America boosted their target price on Seagate Technology from $215.00 to $255.00 and gave the stock a “buy” rating in a report on Wednesday, September 24th. Zacks Research raised shares of Seagate Technology from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 2nd. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Seagate Technology in a research report on Saturday. Finally, Wedbush lifted their price target on shares of Seagate Technology from $175.00 to $260.00 and gave the company an “outperform” rating in a research report on Thursday, October 16th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $234.65.

Seagate Technology Stock Performance

STX stock opened at $234.12 on Monday. The firm has a market cap of $49.86 billion, a PE ratio of 34.58, a PEG ratio of 1.03 and a beta of 1.63. The firm’s 50 day moving average price is $204.69 and its 200-day moving average price is $151.29. Seagate Technology Holdings PLC has a one year low of $63.19 and a one year high of $264.83.

Seagate Technology (NASDAQ:STX) last announced 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. The company had revenue of $2.44 billion for the quarter, compared to analyst estimates of $2.40 billion. Seagate Technology had a negative return on equity of 169.60% and a net margin of 16.15%.The firm’s quarterly revenue was up 29.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.05 earnings per share. Seagate Technology has set its Q1 2026 guidance at 2.100-2.500 EPS. Equities research analysts predict that Seagate Technology Holdings PLC will post 6.83 EPS for the current fiscal year.

Seagate Technology Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 9th. Shareholders of record on Tuesday, September 30th were given a $0.72 dividend. 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 1.2%. Seagate Technology’s payout ratio is presently 42.54%.

Insider Buying and Selling

In other Seagate Technology news, CEO William D. Mosley sold 20,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of $249.90, for a total value of $4,998,000.00. Following the sale, the chief executive officer owned 485,668 shares of the company’s stock, valued at $121,368,433.20. The trade was a 3.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Jay L. Geldmacher sold 2,500 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the director directly owned 352 shares in the company, valued at approximately $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 valued at $14,464,056 over the last quarter. 0.79% of the stock is owned by corporate insiders.

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.