MGO One Seven LLC Buys Shares of 2,420 Seagate Technology Holdings PLC $STX

MGO One Seven LLC acquired a new position in Seagate Technology Holdings PLC (NASDAQ:STX) during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 2,420 shares of the data storage provider’s stock, valued at approximately $349,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of STX. JPMorgan Chase & Co. raised its stake 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 worth $1,607,321,000 after buying an additional 2,161,191 shares in the last quarter. Wellington Management Group LLP raised its stake in shares of Seagate Technology by 3,339.4% in the 1st quarter. Wellington Management Group LLP now owns 933,996 shares of the data storage provider’s stock worth $79,343,000 after buying an additional 906,840 shares in the last quarter. Vanguard Group Inc. raised its stake 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 worth $2,441,729,000 after buying an additional 769,009 shares in the last quarter. Valley Wealth Managers Inc. bought a new stake in shares of Seagate Technology in the 1st quarter worth $17,546,000. Finally, Nuveen LLC bought a new stake in shares of Seagate Technology in the 1st quarter worth $17,058,000. Institutional investors own 92.87% of the company’s stock.

Seagate Technology Trading Down 0.3%

Shares of STX stock opened at $225.40 on Friday. Seagate Technology Holdings PLC has a 1-year low of $63.19 and a 1-year high of $264.83. The company has a market capitalization of $48.00 billion, a price-to-earnings ratio of 33.29, a P/E/G ratio of 1.01 and a beta of 1.63. The stock’s fifty day simple moving average is $198.09 and its 200-day simple moving average is $145.45.

Seagate Technology (NASDAQ:STX) last issued its quarterly earnings results on Tuesday, July 29th. The data storage provider reported $2.59 earnings per share 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 for the quarter, compared to the consensus estimate of $2.40 billion. During the same quarter in the previous year, the company posted $1.05 earnings per share. Seagate Technology’s revenue for the quarter 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. On average, sell-side analysts predict that Seagate Technology Holdings PLC will post 6.83 EPS for the current year.

Seagate Technology Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 9th. Stockholders of record on Tuesday, September 30th were issued 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 dividend yield of 1.3%. Seagate Technology’s payout ratio is currently 42.54%.

Insider Buying and Selling at Seagate Technology

In other news, CEO William D. Mosley sold 20,000 shares of Seagate Technology stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $249.90, for a total transaction of $4,998,000.00. Following the transaction, the chief executive officer owned 485,668 shares in the company, valued at approximately $121,368,433.20. The trade was a 3.96% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP John Christopher Morris sold 15,347 shares of Seagate Technology stock in a transaction on Friday, September 12th. The shares were sold at an average price of $195.80, for a total value of $3,004,942.60. Following the transaction, the executive vice president owned 9,843 shares in the company, valued at $1,927,259.40. This represents a 60.92% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 75,620 shares of company stock valued at $14,464,056 in the last ninety days. Company insiders own 0.79% of the company’s stock.

Analyst Upgrades and Downgrades

STX has been the topic of a number of research reports. Loop Capital boosted their price objective on Seagate Technology from $200.00 to $350.00 and gave the stock a “buy” rating in a research note on Thursday. Rosenblatt Securities lifted their target price on Seagate Technology from $200.00 to $250.00 and gave the stock a “buy” rating in a report on Monday, September 29th. Cantor Fitzgerald lifted their target price on Seagate Technology from $175.00 to $280.00 and gave the stock an “overweight” rating in a report on Monday, September 22nd. Bank of America lifted 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. Finally, Barclays lifted their target price on Seagate Technology from $180.00 to $200.00 and gave the stock an “equal weight” rating in a report on Thursday, September 11th. One investment 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 issued a Sell rating to the company’s stock. According to data from MarketBeat, Seagate Technology currently has an average rating of “Moderate Buy” and a consensus target price of $229.40.

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.