Seagate Technology Holdings PLC $STX Shares Sold by Ascent Group LLC

Ascent Group LLC trimmed its holdings in Seagate Technology Holdings PLC (NASDAQ:STX) by 23.7% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 8,950 shares of the data storage provider’s stock after selling 2,782 shares during the period. Ascent Group LLC’s holdings in Seagate Technology were worth $1,292,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Personal CFO Solutions LLC acquired a new position in shares of Seagate Technology in the first quarter valued at approximately $223,000. Amalgamated Bank grew its position in 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 buying an additional 243 shares during the last quarter. Retirement Planning Co of New England Inc. acquired a new position in Seagate Technology in the 1st quarter valued at $272,000. Alps Advisors Inc. raised its position in 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 buying an additional 25,817 shares during the last quarter. Finally, FARMERS & MERCHANTS TRUST Co OF LONG BEACH purchased a new position in Seagate Technology during the 2nd quarter worth $322,000. Institutional investors and hedge funds own 92.87% of the company’s stock.

Seagate Technology Price Performance

Shares of NASDAQ STX opened at $252.79 on Monday. The company has a 50-day simple moving average of $183.78 and a 200-day simple moving average of $136.32. The company has a market cap of $53.84 billion, a PE ratio of 37.34, a price-to-earnings-growth ratio of 1.13 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.

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 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 the consensus estimate of $2.40 billion. During the same quarter in the previous year, the business earned $1.05 earnings per share. The business’s revenue for the quarter 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 anticipate that Seagate Technology Holdings PLC will post 6.83 EPS for the current year.

Seagate Technology Announces Dividend

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

Insider Activity at Seagate Technology

In other news, EVP John Christopher Morris sold 377 shares of the stock in a transaction on Tuesday, September 16th. The shares were sold at an average price of $211.26, for a total value of $79,645.02. Following the completion of the sale, the executive vice president owned 13,238 shares of the company’s stock, valued at $2,796,659.88. This represents a 2.77% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider James Ci Lee sold 1,116 shares of Seagate Technology stock in a transaction on Friday, August 1st. The shares were sold at an average price of $153.36, for a total transaction of $171,149.76. Following the transaction, the insider owned 257 shares in the company, valued at $39,413.52. The trade was a 81.28% decrease in their position. 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. Company insiders own 0.79% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. Barclays raised their price objective on shares of Seagate Technology from $180.00 to $200.00 and gave the company an “equal weight” rating in a research report on Thursday, September 11th. Benchmark lifted their price target on Seagate Technology from $165.00 to $250.00 and gave the company a “buy” rating in a research note on Tuesday, September 16th. Sanford C. Bernstein assumed coverage on Seagate Technology in a report on Tuesday, September 16th. They set an “outperform” rating and a $250.00 price objective on the stock. The Goldman Sachs Group began coverage on shares of Seagate Technology in a research report on Thursday, July 10th. They set a “buy” rating and a $170.00 target price on the stock. Finally, UBS Group increased their price target on shares of Seagate Technology from $85.00 to $155.00 and gave the company a “neutral” rating in a report on Monday, July 21st. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Seagate Technology currently has an average rating of “Moderate Buy” and a consensus price target of $193.32.

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.