Seagate Technology Holdings PLC $STX Shares Sold by EPG Wealth Management LLC

EPG Wealth Management LLC reduced its position in shares of Seagate Technology Holdings PLC (NASDAQ:STX) by 16.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,390 shares of the data storage provider’s stock after selling 2,117 shares during the period. EPG Wealth Management LLC’s holdings in Seagate Technology were worth $1,500,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of STX. Harbor Asset Planning Inc. acquired a new position in Seagate Technology during the second quarter worth about $27,000. Wayfinding Financial LLC purchased a new position in Seagate Technology in the 1st quarter worth about $31,000. Zions Bancorporation National Association UT acquired a new stake in Seagate Technology during the 1st quarter worth about $42,000. GoalVest Advisory LLC raised its holdings in Seagate Technology by 30.6% during the 2nd quarter. GoalVest Advisory LLC now owns 320 shares of the data storage provider’s stock worth $46,000 after buying an additional 75 shares during the period. Finally, Costello Asset Management INC acquired a new position in shares of Seagate Technology in the first quarter worth about $47,000. 92.87% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Seagate Technology

In related news, EVP Ban Seng Teh sold 3,732 shares of the stock in a transaction that occurred on Thursday, September 11th. The stock was sold at an average price of $193.30, for a total value of $721,395.60. Following the transaction, the executive vice president owned 4,172 shares in the company, valued at approximately $806,447.60. This represents a 47.22% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO William D. Mosley sold 20,000 shares of the stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of $249.90, for a total value of $4,998,000.00. Following the completion of the transaction, the chief executive officer owned 485,668 shares in the company, valued at $121,368,433.20. This represents a 3.96% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 45,090 shares of company stock worth $9,759,648. Corporate insiders own 0.79% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on STX shares. Cantor Fitzgerald restated an “overweight” rating and set a $280.00 price target on shares of Seagate Technology in a report on Wednesday. Wedbush boosted their price target on shares of Seagate Technology from $260.00 to $290.00 and gave the company an “outperform” rating in a report on Wednesday, October 29th. Weiss Ratings restated a “buy (b-)” rating on shares of Seagate Technology in a report on Wednesday, October 8th. UBS Group cut their price target on shares of Seagate Technology from $235.00 to $230.00 and set a “neutral” rating on the stock in a report on Wednesday, October 29th. Finally, Evercore ISI boosted their price target on shares of Seagate Technology from $160.00 to $330.00 and gave the company an “outperform” rating in a report on Monday, October 13th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $263.18.

Seagate Technology Price Performance

Shares of STX opened at $255.88 on Monday. The company has a market capitalization of $54.49 billion, a price-to-earnings ratio of 32.85, a P/E/G ratio of 1.17 and a beta of 1.63. Seagate Technology Holdings PLC has a fifty-two week low of $63.19 and a fifty-two week high of $280.35. The business’s 50-day moving average is $213.78 and its 200-day moving average is $158.07.

Seagate Technology (NASDAQ:STX) last issued its earnings results on Tuesday, October 28th. The data storage provider reported $2.61 earnings per share for the quarter, topping the consensus estimate of $2.40 by $0.21. Seagate Technology had a negative return on equity of 297.87% and a net margin of 17.92%.The company had revenue of $2.63 billion for the quarter, compared to analyst estimates of $2.54 billion. During the same period in the prior year, the firm posted $1.58 EPS. The business’s revenue was up 21.3% compared to the same quarter last year. Seagate Technology has set its Q2 2026 guidance at 2.550-2.950 EPS. Equities research analysts expect that Seagate Technology Holdings PLC will post 6.83 earnings per share for the current fiscal year.

Seagate Technology Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 9th. Investors of record on Wednesday, December 24th will be issued a $0.74 dividend. This is an increase from Seagate Technology’s previous quarterly dividend of $0.72. This represents a $2.96 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Wednesday, December 24th. Seagate Technology’s dividend payout ratio is currently 36.97%.

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.