Central Asset Investments & Management Holdings HK Ltd Has $2.70 Million Stock Position in Seagate Technology Holdings PLC $STX

Central Asset Investments & Management Holdings HK Ltd increased its position in Seagate Technology Holdings PLC (NASDAQ:STX) by 185.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,734 shares of the data storage provider’s stock after buying an additional 12,178 shares during the period. Seagate Technology accounts for approximately 1.9% of Central Asset Investments & Management Holdings HK Ltd’s investment portfolio, making the stock its 12th biggest holding. Central Asset Investments & Management Holdings HK Ltd’s holdings in Seagate Technology were worth $2,704,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. Harbor Asset Planning Inc. acquired a new stake in Seagate Technology in the second quarter valued at approximately $27,000. Zions Bancorporation National Association UT bought a new position in shares of Seagate Technology in the 1st quarter worth $42,000. GoalVest Advisory LLC grew its position in Seagate Technology by 30.6% in the 2nd quarter. GoalVest Advisory LLC now owns 320 shares of the data storage provider’s stock valued at $46,000 after purchasing an additional 75 shares during the period. Costello Asset Management INC bought a new stake in Seagate Technology during the 1st quarter valued at $47,000. Finally, Trust Co. of Toledo NA OH bought a new stake in Seagate Technology during the 2nd quarter valued at $57,000. 92.87% of the stock is owned by institutional investors and hedge funds.

Seagate Technology Trading Down 2.0%

Shares of STX opened at $288.00 on Wednesday. The stock has a 50 day moving average of $228.92 and a 200 day moving average of $167.84. The company has a market capitalization of $61.50 billion, a price-to-earnings ratio of 36.97, a PEG ratio of 1.17 and a beta of 1.63. Seagate Technology Holdings PLC has a 12 month low of $63.19 and a 12 month high of $296.15.

Seagate Technology (NASDAQ:STX) last posted its quarterly earnings data 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 business had revenue of $2.63 billion for the quarter, compared to analysts’ expectations of $2.54 billion. During the same quarter in the previous year, the firm earned $1.58 earnings per share. The business’s revenue was up 21.3% on a year-over-year basis. Seagate Technology has set its Q2 2026 guidance at 2.550-2.950 EPS. As a group, equities research analysts predict that Seagate Technology Holdings PLC will post 6.83 earnings per share for the current year.

Seagate Technology Increases Dividend

The business 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 dividend of $0.74 per share. This represents a $2.96 dividend on an annualized basis and a yield of 1.0%. This is a boost from Seagate Technology’s previous quarterly dividend of $0.72. The ex-dividend date is Wednesday, December 24th. Seagate Technology’s dividend payout ratio is 38.00%.

Insiders Place Their Bets

In related news, Director Jay L. Geldmacher sold 1,250 shares of Seagate Technology stock in a transaction that occurred on Friday, October 31st. The shares were sold at an average price of $269.10, for a total value of $336,375.00. Following the sale, the director owned 1,148 shares of the company’s stock, valued at approximately $308,926.80. The trade was a 52.13% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO William D. Mosley sold 20,000 shares of the company’s stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $262.82, for a total value of $5,256,400.00. Following the completion of the transaction, the chief executive officer owned 465,668 shares in the company, valued at approximately $122,386,863.76. The trade was a 4.12% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 77,240 shares of company stock valued at $18,806,080. Company insiders own 0.79% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on STX shares. Citigroup raised their price objective on shares of Seagate Technology from $250.00 to $275.00 and gave the company a “buy” rating in a research note on Wednesday, October 29th. Fox Advisors lifted their price target on Seagate Technology from $245.00 to $270.00 in a research note on Wednesday, October 29th. Susquehanna increased their price objective on Seagate Technology from $80.00 to $150.00 and gave the stock a “negative” rating in a research note on Wednesday, October 29th. Argus raised their target price on Seagate Technology from $170.00 to $300.00 and gave the company a “strong-buy” rating in a report on Thursday, October 30th. Finally, Wells Fargo & Company upped their price target on Seagate Technology from $240.00 to $250.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 29th. Two research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $281.36.

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.