First National Trust Co Boosts Holdings in Seagate Technology Holdings PLC $STX

First National Trust Co grew its holdings in shares of Seagate Technology Holdings PLC (NASDAQ:STX) by 4.0% during the 2nd quarter, HoldingsChannel reports. The fund owned 13,105 shares of the data storage provider’s stock after acquiring an additional 500 shares during the quarter. First National Trust Co’s holdings in Seagate Technology were worth $1,891,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in STX. Harbor Asset Planning Inc. purchased a new position in shares of Seagate Technology in the second quarter worth $27,000. Wayfinding Financial LLC purchased a new position in shares of Seagate Technology in the first quarter worth $31,000. Golden State Wealth Management LLC increased its stake in shares of Seagate Technology by 2,200.0% in the first quarter. Golden State Wealth Management LLC now owns 460 shares of the data storage provider’s stock worth $39,000 after buying an additional 440 shares during the period. Zions Bancorporation National Association UT purchased a new position in shares of Seagate Technology in the first quarter worth $42,000. Finally, GoalVest Advisory LLC increased its stake in shares of Seagate Technology by 30.6% in the second quarter. GoalVest Advisory LLC now owns 320 shares of the data storage provider’s stock worth $46,000 after buying an additional 75 shares during the period. 92.87% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Jay L. Geldmacher sold 2,500 shares of the business’s stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $150.50, for a total transaction of $376,250.00. Following the sale, the director owned 352 shares in the company, valued at approximately $52,976. The trade was a 87.66% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Ban Seng Teh sold 1,410 shares of the business’s stock in a transaction on Monday, October 13th. The shares were sold at an average price of $225.56, for a total transaction of $318,039.60. Following the sale, the executive vice president owned 18,041 shares in the company, valued at approximately $4,069,327.96. This trade represents a 7.25% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 75,620 shares of company stock worth $14,464,056. 0.79% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on STX shares. Wells Fargo & Company lifted their target price on shares of Seagate Technology from $160.00 to $240.00 and gave the stock an “equal weight” rating in a research note on Monday, October 13th. Sanford C. Bernstein lifted their target price on shares of Seagate Technology from $250.00 to $275.00 and gave the stock an “outperform” rating in a research note on Thursday, October 23rd. Evercore ISI lifted their target price on shares of Seagate Technology from $160.00 to $330.00 and gave the stock an “outperform” rating in a research note on Monday, October 13th. Citigroup lifted their target price on shares of Seagate Technology from $215.00 to $250.00 and gave the stock a “buy” rating in a research note on Monday, October 13th. Finally, Susquehanna lifted their target price on shares of Seagate Technology from $68.00 to $80.00 and gave the stock a “negative” rating in a research note on Wednesday, July 30th. One research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $234.65.

Seagate Technology Stock Down 3.2%

NASDAQ:STX opened at $223.00 on Wednesday. The stock has a market cap of $47.49 billion, a P/E ratio of 32.94, a price-to-earnings-growth ratio of 1.01 and a beta of 1.63. The firm’s fifty day simple moving average is $207.42 and its 200 day simple moving average is $153.45. Seagate Technology Holdings PLC has a twelve month low of $63.19 and a twelve month high of $264.83.

Seagate Technology (NASDAQ:STX) last released its quarterly earnings results on Tuesday, October 28th. The data storage provider reported $2.61 earnings per share for the quarter, beating the consensus estimate of $2.40 by $0.21. The business had revenue of $2.63 billion for the quarter, compared to analysts’ expectations of $2.54 billion. Seagate Technology had a net margin of 16.15% and a negative return on equity of 169.60%. The firm’s revenue for the quarter was up 21.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.58 earnings per share. Seagate Technology has set its Q2 2026 guidance at 2.550-2.950 EPS. On average, analysts expect that Seagate Technology Holdings PLC will post 6.83 EPS for the current fiscal year.

Seagate Technology Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 9th. Stockholders of record on Wednesday, December 24th will be issued a dividend of $0.74 per share. This is a boost from Seagate Technology’s previous quarterly dividend of $0.72. The ex-dividend date is Wednesday, December 24th. This represents a $2.96 dividend on an annualized basis and a dividend yield of 1.3%. Seagate Technology’s dividend payout ratio (DPR) is presently 42.54%.

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.