ProShare Advisors LLC Grows Stock Holdings in Seagate Technology Holdings PLC $STX

ProShare Advisors LLC lifted its holdings in Seagate Technology Holdings PLC (NASDAQ:STX) by 4.5% in the 2nd quarter, Holdings Channel.com reports. The fund owned 56,768 shares of the data storage provider’s stock after buying an additional 2,426 shares during the quarter. ProShare Advisors LLC’s holdings in Seagate Technology were worth $8,193,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in STX. Vision Financial Markets LLC acquired a new stake in shares of Seagate Technology in the second quarter valued at about $173,000. Nordea Investment Management AB grew its position in Seagate Technology by 18.0% in the second quarter. Nordea Investment Management AB now owns 18,422 shares of the data storage provider’s stock valued at $2,632,000 after acquiring an additional 2,808 shares in the last quarter. Retirement Planning Co of New England Inc. acquired a new stake in Seagate Technology in the first quarter valued at approximately $272,000. Allspring Global Investments Holdings LLC lifted its position in shares of Seagate Technology by 21.5% during the second quarter. Allspring Global Investments Holdings LLC now owns 61,263 shares of the data storage provider’s stock worth $8,886,000 after purchasing an additional 10,847 shares in the last quarter. Finally, Chicago Partners Investment Group LLC purchased a new position in shares of Seagate Technology in the second quarter valued at $220,000. Institutional investors and hedge funds own 92.87% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently issued reports on STX. Sanford C. Bernstein lifted their price target on shares of Seagate Technology from $275.00 to $370.00 and gave the stock an “outperform” rating in a research note on Thursday, November 6th. Citigroup lifted their target price on Seagate Technology from $250.00 to $275.00 and gave the stock a “buy” rating in a research report on Wednesday, October 29th. Rosenblatt Securities increased their price target on Seagate Technology from $250.00 to $270.00 and gave the company a “buy” rating in a report on Wednesday, October 29th. Bank of America raised their price objective on Seagate Technology from $255.00 to $275.00 and gave the company a “buy” rating in a research note on Wednesday, October 29th. Finally, Cantor Fitzgerald upped their target price on Seagate Technology from $280.00 to $400.00 and gave the company an “overweight” rating in a research report on Thursday, November 6th. Two research analysts have 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.com, Seagate Technology has an average rating of “Moderate Buy” and a consensus target price of $281.36.

Seagate Technology Trading Down 1.6%

STX stock opened at $283.26 on Thursday. The stock’s 50 day simple moving average is $231.06 and its 200 day simple moving average is $168.64. Seagate Technology Holdings PLC has a 12-month low of $63.19 and a 12-month high of $297.88. The firm has a market cap of $60.49 billion, a P/E ratio of 36.36, a P/E/G ratio of 1.17 and a beta of 1.63.

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 net margin of 17.92% and a negative return on equity of 297.87%. The firm had revenue of $2.63 billion during the quarter, compared to analyst estimates of $2.54 billion. During the same quarter in the previous year, the firm earned $1.58 earnings per share. The firm’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. On average, research analysts forecast that Seagate Technology Holdings PLC will post 6.83 EPS for the current fiscal year.

Seagate Technology Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 9th. Shareholders 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 1.0%. The ex-dividend date of this dividend is Wednesday, December 24th. Seagate Technology’s dividend payout ratio is 38.00%.

Insider Buying and Selling

In other news, EVP John Christopher Morris sold 15,347 shares of the company’s stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $195.80, for a total transaction of $3,004,942.60. Following the completion of the transaction, the executive vice president directly owned 9,843 shares of the company’s stock, valued at approximately $1,927,259.40. This represents a 60.92% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Kian Fatt Chong sold 7,078 shares of the firm’s stock in a transaction that occurred on Thursday, October 30th. The stock was sold at an average price of $272.14, for a total value of $1,926,206.92. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 77,240 shares of company stock valued at $18,806,080 over the last 90 days. 0.79% of the stock is owned by corporate insiders.

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.