Aberdeen Group plc Acquires 8,658 Shares of Seagate Technology Holdings PLC $STX

Aberdeen Group plc lifted its holdings in Seagate Technology Holdings PLC (NASDAQ:STX) by 5.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 166,664 shares of the data storage provider’s stock after acquiring an additional 8,658 shares during the period. Aberdeen Group plc owned 0.08% of Seagate Technology worth $23,848,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. Vanguard Group Inc. lifted its holdings in shares of Seagate Technology by 2.7% in the 1st quarter. Vanguard Group Inc. now owns 28,743,126 shares of the data storage provider’s stock valued at $2,441,729,000 after acquiring an additional 769,009 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Seagate Technology by 12.9% in the 1st quarter. JPMorgan Chase & Co. now owns 18,920,792 shares of the data storage provider’s stock valued at $1,607,321,000 after acquiring an additional 2,161,191 shares during the last quarter. Invesco Ltd. lifted its holdings in shares of Seagate Technology by 3.6% in the 1st quarter. Invesco Ltd. now owns 2,861,418 shares of the data storage provider’s stock valued at $243,077,000 after acquiring an additional 99,884 shares during the last quarter. Royal Bank of Canada lifted its holdings in shares of Seagate Technology by 0.8% in the 1st quarter. Royal Bank of Canada now owns 1,628,941 shares of the data storage provider’s stock valued at $138,378,000 after acquiring an additional 12,424 shares during the last quarter. Finally, Deutsche Bank AG lifted its holdings in shares of Seagate Technology by 4.5% in the 1st quarter. Deutsche Bank AG now owns 1,181,460 shares of the data storage provider’s stock valued at $100,365,000 after acquiring an additional 50,699 shares during the last quarter. Institutional investors own 92.87% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on STX shares. Bank of America raised their price objective on shares of Seagate Technology from $215.00 to $255.00 and gave the stock a “buy” rating in a research note on Wednesday, September 24th. Evercore ISI raised their price objective on shares of Seagate Technology from $160.00 to $330.00 and gave the stock an “outperform” rating in a research note on Monday. Cantor Fitzgerald raised their price objective on shares of Seagate Technology from $175.00 to $280.00 and gave the stock an “overweight” rating in a research note on Monday, September 22nd. Robert W. Baird raised their price objective on shares of Seagate Technology from $120.00 to $188.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 30th. Finally, Zacks Research raised shares of Seagate Technology from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 2nd. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $214.89.

Seagate Technology Stock Up 2.4%

Shares of STX stock opened at $219.51 on Tuesday. The firm has a market cap of $46.75 billion, a price-to-earnings ratio of 32.42, a PEG ratio of 0.96 and a beta of 1.63. The company’s 50 day moving average is $192.39 and its 200 day moving average is $142.07. Seagate Technology Holdings PLC has a 52-week low of $63.19 and a 52-week high of $264.83.

Seagate Technology (NASDAQ:STX) last released its quarterly earnings results on Tuesday, July 29th. The data storage provider reported $2.59 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to analyst estimates of $2.40 billion. During the same period in the previous year, the company 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. Analysts anticipate that Seagate Technology Holdings PLC will post 6.83 EPS for the current fiscal year.

Seagate Technology Dividend Announcement

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

Insider Activity at Seagate Technology

In related 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 completion of the transaction, the director directly owned 352 shares in the company, valued at $52,976. The trade was a 87.66% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider James Ci Lee sold 3,509 shares of the business’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 transaction, the insider owned 1,288 shares of the company’s stock, valued at $199,305.12. This represents a 73.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 74,210 shares of company stock valued at $14,146,016 over the last ninety days. Corporate insiders own 0.79% of the company’s stock.

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.