ASR Vermogensbeheer N.V. Has $2.81 Million Stake in Seagate Technology Holdings PLC $STX

ASR Vermogensbeheer N.V. boosted its holdings in shares of Seagate Technology Holdings PLC (NASDAQ:STX) by 69.5% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,501 shares of the data storage provider’s stock after purchasing an additional 7,998 shares during the period. ASR Vermogensbeheer N.V.’s holdings in Seagate Technology were worth $2,814,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Vicus Capital acquired a new stake in Seagate Technology during the 2nd quarter valued at $204,000. Community Bank & Trust Waco Texas increased its holdings in Seagate Technology by 2.2% during the 2nd quarter. Community Bank & Trust Waco Texas now owns 9,546 shares of the data storage provider’s stock valued at $1,378,000 after purchasing an additional 202 shares in the last quarter. LBP AM SA increased its holdings in Seagate Technology by 1.6% during the 2nd quarter. LBP AM SA now owns 110,139 shares of the data storage provider’s stock valued at $15,896,000 after purchasing an additional 1,747 shares in the last quarter. Institute for Wealth Management LLC. acquired a new stake in Seagate Technology during the 2nd quarter valued at $351,000. Finally, Cooper Financial Group increased its holdings in Seagate Technology by 6.3% during the 2nd quarter. Cooper Financial Group now owns 4,894 shares of the data storage provider’s stock valued at $706,000 after purchasing an additional 292 shares in the last quarter. 92.87% of the stock is owned by institutional investors and hedge funds.

Seagate Technology Stock Down 0.8%

Shares of Seagate Technology stock opened at $252.79 on Friday. Seagate Technology Holdings PLC has a 12 month low of $63.19 and a 12 month high of $264.83. The business has a fifty day simple moving average of $183.78 and a 200 day simple moving average of $135.66. The stock has a market cap of $53.84 billion, a PE ratio of 37.34, a price-to-earnings-growth ratio of 1.14 and a beta of 1.63.

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, topping analysts’ consensus estimates of $2.45 by $0.14. Seagate Technology had a negative return on equity of 169.60% and a net margin of 16.15%.The business had revenue of $2.44 billion during the quarter, compared to analysts’ expectations of $2.40 billion. During the same period in the previous year, the firm earned $1.05 earnings per share. The firm’s quarterly revenue 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. Analysts expect that Seagate Technology Holdings PLC will post 6.83 EPS for the current fiscal year.

Seagate Technology Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 9th. Investors of record on Tuesday, September 30th will be paid a dividend of $0.72 per share. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $2.88 dividend on an annualized basis and a dividend yield of 1.1%. Seagate Technology’s payout ratio is 42.54%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on STX shares. Sanford C. Bernstein started coverage on Seagate Technology in a report on Tuesday, September 16th. They set an “outperform” rating and a $250.00 price target for the company. Robert W. Baird lifted their target price on Seagate Technology from $120.00 to $188.00 and gave the company an “outperform” rating in a research note on Wednesday, July 30th. The Goldman Sachs Group started coverage on Seagate Technology in a research note on Thursday, July 10th. They issued a “buy” rating and a $170.00 target price for the company. Citigroup lifted their target price on Seagate Technology from $167.00 to $215.00 and gave the company a “buy” rating in a research note on Monday, September 8th. Finally, Cantor Fitzgerald lifted their target price on Seagate Technology from $175.00 to $280.00 and gave the company an “overweight” rating in a research note on Monday, September 22nd. Sixteen equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $193.32.

Insider Buying and Selling at Seagate Technology

In related news, Director Jay L. Geldmacher sold 2,500 shares of Seagate Technology 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 completion of the sale, the director directly owned 352 shares of the company’s stock, valued at $52,976. The trade was a 87.66% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, 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 value of $79,645.02. Following the sale, the executive vice president directly owned 13,238 shares of the company’s stock, valued at approximately $2,796,659.88. This trade represents a 2.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 75,935 shares of company stock valued at $14,394,416 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.