Freestone Capital Holdings LLC Increases Holdings in Seagate Technology Holdings PLC $STX

Freestone Capital Holdings LLC lifted its holdings in Seagate Technology Holdings PLC (NASDAQ:STX) by 8.7% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,258 shares of the data storage provider’s stock after acquiring an additional 738 shares during the period. Freestone Capital Holdings LLC’s holdings in Seagate Technology were worth $1,336,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in STX. JPMorgan Chase & Co. lifted its holdings in 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 purchasing an additional 2,161,191 shares in the last quarter. Wellington Management Group LLP raised its position in shares of Seagate Technology by 3,339.4% during the first quarter. Wellington Management Group LLP now owns 933,996 shares of the data storage provider’s stock valued at $79,343,000 after buying an additional 906,840 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Seagate Technology by 2.7% in the first 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. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in shares of Seagate Technology in the second quarter worth $45,955,000. Finally, Valley Wealth Managers Inc. bought a new position in shares of Seagate Technology during the first quarter worth $17,546,000. Hedge funds and other institutional investors own 92.87% of the company’s stock.

Seagate Technology Price Performance

Shares of STX stock opened at $265.55 on Tuesday. The company has a market cap of $56.55 billion, a PE ratio of 34.09, a price-to-earnings-growth ratio of 1.17 and a beta of 1.63. Seagate Technology Holdings PLC has a 1 year low of $63.19 and a 1 year high of $280.35. The stock’s 50 day simple moving average is $215.81 and its two-hundred day simple moving average is $159.41.

Seagate Technology (NASDAQ:STX) last released its earnings results on Tuesday, October 28th. The data storage provider reported $2.61 earnings per share for the quarter, beating 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 firm had revenue of $2.63 billion for the quarter, compared to the consensus estimate of $2.54 billion. During the same quarter in the previous year, the company posted $1.58 EPS. The company’s revenue for the quarter 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 EPS for the current year.

Seagate Technology Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 9th. Stockholders of record on Wednesday, December 24th will be paid a $0.74 dividend. This is an increase from Seagate Technology’s previous quarterly dividend of $0.72. This represents a $2.96 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend is Wednesday, December 24th. Seagate Technology’s payout ratio is currently 36.97%.

Insider Transactions at Seagate Technology

In related news, EVP Ban Seng Teh sold 1,410 shares of Seagate Technology stock in a transaction dated Monday, October 13th. The shares were sold at an average price of $225.56, for a total transaction of $318,039.60. Following the completion of the transaction, the executive vice president directly owned 18,041 shares of the company’s stock, valued at approximately $4,069,327.96. The trade was a 7.25% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Kian Fatt Chong sold 7,078 shares of the company’s stock in a transaction dated Thursday, October 30th. The shares were sold at an average price of $272.14, for a total transaction of $1,926,206.92. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 53,418 shares of company stock worth $12,022,230. 0.79% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of analysts have issued reports on STX shares. Zacks Research upgraded shares of Seagate Technology from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 2nd. Weiss Ratings reiterated a “buy (b-)” rating on shares of Seagate Technology in a research report on Wednesday, October 8th. BNP Paribas Exane cut their price target on Seagate Technology from $240.00 to $230.00 and set a “neutral” rating for the company in a report on Wednesday, October 29th. Argus upped their price objective on Seagate Technology from $170.00 to $300.00 in a report on Thursday, October 30th. Finally, Mizuho increased their target price on Seagate Technology from $245.00 to $280.00 and gave the company an “outperform” rating in a research report on Friday, October 17th. One analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Seagate Technology currently has a consensus rating of “Moderate Buy” and a consensus target price of $263.18.

Seagate Technology Company 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.