Stephens Inc. AR Sells 1,625 Shares of Seagate Technology Holdings PLC $STX

Stephens Inc. AR trimmed its stake in shares of Seagate Technology Holdings PLC (NASDAQ:STX) by 28.4% in the second quarter, Holdings Channel.com reports. The fund owned 4,088 shares of the data storage provider’s stock after selling 1,625 shares during the quarter. Stephens Inc. AR’s holdings in Seagate Technology were worth $590,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Personal CFO Solutions LLC acquired a new stake in Seagate Technology during the first quarter worth approximately $223,000. Amalgamated Bank grew its stake in Seagate Technology by 0.8% during the first quarter. Amalgamated Bank now owns 29,964 shares of the data storage provider’s stock worth $2,545,000 after purchasing an additional 243 shares during the period. Retirement Planning Co of New England Inc. acquired a new stake in Seagate Technology during the first quarter worth approximately $272,000. Nordea Investment Management AB grew its stake in Seagate Technology by 18.0% during the second quarter. Nordea Investment Management AB now owns 18,422 shares of the data storage provider’s stock worth $2,632,000 after purchasing an additional 2,808 shares during the period. Finally, Alps Advisors Inc. grew its stake in Seagate Technology by 10.2% during the first quarter. Alps Advisors Inc. now owns 278,831 shares of the data storage provider’s stock worth $23,687,000 after purchasing an additional 25,817 shares during the period. 92.87% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms recently commented on STX. Citigroup raised their target price on Seagate Technology from $215.00 to $250.00 and gave the stock a “buy” rating in a research note on Monday, October 13th. Cantor Fitzgerald raised their price objective on Seagate Technology from $175.00 to $280.00 and gave the company an “overweight” rating in a research note on Monday, September 22nd. Bank of America raised their price objective on Seagate Technology from $215.00 to $255.00 and gave the company a “buy” rating in a research note on Wednesday, September 24th. Morgan Stanley raised their price objective on Seagate Technology from $168.00 to $265.00 and gave the company an “overweight” rating in a research note on Monday, September 29th. Finally, Evercore ISI raised their price objective on Seagate Technology from $160.00 to $330.00 and gave the company an “outperform” rating in a research note on Monday, October 13th. One analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Seagate Technology currently has an average rating of “Moderate Buy” and an average target price of $234.65.

Seagate Technology Stock Up 3.4%

STX stock opened at $234.12 on Friday. The stock’s 50 day moving average is $204.69 and its 200-day moving average is $150.75. The firm has a market capitalization of $49.86 billion, a PE ratio of 34.58, a P/E/G ratio of 1.04 and a beta of 1.63. Seagate Technology Holdings PLC has a twelve month low of $63.19 and a twelve month high of $264.83.

Seagate Technology (NASDAQ:STX) last issued its quarterly earnings results on Tuesday, July 29th. The data storage provider reported $2.59 EPS for the quarter, topping analysts’ consensus estimates of $2.45 by $0.14. The business had revenue of $2.44 billion for the quarter, compared to analyst estimates of $2.40 billion. Seagate Technology had a negative return on equity of 169.60% and a net margin of 16.15%.Seagate Technology’s quarterly revenue was up 29.5% compared to the same quarter last year. During the same period last year, the company posted $1.05 earnings per share. Seagate Technology has set its Q1 2026 guidance at 2.100-2.500 EPS. On average, equities research analysts anticipate that Seagate Technology Holdings PLC will post 6.83 earnings per share for the current fiscal year.

Seagate Technology Announces Dividend

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

Insider Buying and Selling at Seagate Technology

In other Seagate Technology news, EVP Ban Seng Teh sold 1,410 shares of the business’s stock in a transaction on Monday, October 13th. The stock was sold at an average price of $225.56, for a total value of $318,039.60. Following the sale, the executive vice president directly owned 18,041 shares in the company, valued at $4,069,327.96. The trade was a 7.25% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP John Christopher Morris sold 377 shares of the business’s stock in a transaction on Tuesday, September 16th. The shares were sold at an average price of $211.26, for a total value of $79,645.02. Following the completion of the sale, the executive vice president owned 13,238 shares in the company, valued at approximately $2,796,659.88. The trade was a 2.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 75,620 shares of company stock valued at $14,464,056 in the last ninety days. 0.79% of the stock is owned by corporate insiders.

Seagate Technology 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.