Brighton Jones LLC Has $1.97 Million Stock Position in Seagate Technology Holdings PLC $STX

Brighton Jones LLC grew its position in Seagate Technology Holdings PLC (NASDAQ:STX) by 1.9% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 13,655 shares of the data storage provider’s stock after acquiring an additional 261 shares during the period. Brighton Jones LLC’s holdings in Seagate Technology were worth $1,971,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Harbor Asset Planning Inc. acquired a new position in shares of Seagate Technology in the 2nd quarter valued at $27,000. Wayfinding Financial LLC acquired a new stake in shares of Seagate Technology during the first quarter worth $31,000. Trust Co. of Toledo NA OH acquired a new stake in shares of Seagate Technology during the second quarter worth $57,000. Bruce G. Allen Investments LLC raised its holdings in shares of Seagate Technology by 28.1% during the second quarter. Bruce G. Allen Investments LLC now owns 419 shares of the data storage provider’s stock worth $60,000 after acquiring an additional 92 shares during the period. Finally, TD Private Client Wealth LLC raised its holdings in shares of Seagate Technology by 30.2% during the second quarter. TD Private Client Wealth LLC now owns 457 shares of the data storage provider’s stock worth $66,000 after acquiring an additional 106 shares during the period. Institutional investors and hedge funds own 92.87% of the company’s stock.

Insider Buying and Selling

In other news, insider James Ci Lee sold 3,509 shares of Seagate Technology stock in a transaction dated Thursday, July 31st. The shares were sold at an average price of $154.74, for a total value of $542,982.66. Following the completion of the transaction, the insider owned 1,288 shares of the company’s stock, valued at $199,305.12. This trade represents a 73.15% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Ban Seng Teh sold 5,905 shares of Seagate Technology stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $155.00, for a total transaction of $915,275.00. Following the completion of the transaction, the executive vice president directly owned 6,147 shares of the company’s stock, valued at approximately $952,785. This trade represents a 49.00% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 75,620 shares of company stock worth $14,464,056. Corporate insiders own 0.79% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on STX. 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 report on Monday, October 13th. Benchmark raised their price objective on shares of Seagate Technology from $165.00 to $250.00 and gave the stock a “buy” rating in a report on Tuesday, September 16th. 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 report on Wednesday, July 30th. Weiss Ratings restated a “buy (b-)” rating on shares of Seagate Technology in a report on Saturday. Finally, TD Cowen raised their target price on shares of Seagate Technology from $135.00 to $175.00 and gave the company a “buy” rating in a research report on Wednesday, July 30th. One 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 given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $234.65.

Seagate Technology Trading Up 3.4%

Seagate Technology stock opened at $234.12 on Monday. The company has a market cap of $49.86 billion, a P/E ratio of 34.58, a price-to-earnings-growth ratio of 1.03 and a beta of 1.63. Seagate Technology Holdings PLC has a 1-year low of $63.19 and a 1-year high of $264.83. The company has a fifty day simple moving average of $204.69 and a 200 day simple moving average of $151.29.

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 net margin of 16.15% and a negative return on equity of 169.60%. The company had revenue of $2.44 billion during the quarter, compared to the consensus estimate of $2.40 billion. During the same quarter last year, the firm posted $1.05 EPS. The company’s quarterly revenue 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, equities research analysts forecast that Seagate Technology Holdings PLC will post 6.83 EPS for the current year.

Seagate Technology Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 9th. Stockholders of record on Tuesday, September 30th were given a $0.72 dividend. This represents a $2.88 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend was Tuesday, September 30th. Seagate Technology’s dividend payout ratio (DPR) is 42.54%.

About Seagate Technology

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.