Seagate Technology Holdings PLC $STX Position Reduced by Twin Lakes Capital Management LLC

Twin Lakes Capital Management LLC reduced its stake in Seagate Technology Holdings PLC (NASDAQ:STX) by 0.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 52,467 shares of the data storage provider’s stock after selling 234 shares during the quarter. Seagate Technology comprises approximately 3.7% of Twin Lakes Capital Management LLC’s portfolio, making the stock its 3rd biggest holding. Twin Lakes Capital Management LLC’s holdings in Seagate Technology were worth $7,573,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Personal CFO Solutions LLC purchased a new stake in shares of Seagate Technology in the first quarter valued at $223,000. Amalgamated Bank lifted its position in shares of Seagate Technology by 0.8% in the first quarter. Amalgamated Bank now owns 29,964 shares of the data storage provider’s stock valued at $2,545,000 after acquiring an additional 243 shares in the last quarter. Nordea Investment Management AB lifted its position in shares of 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. purchased a new stake in shares of Seagate Technology in the first quarter valued at $272,000. Finally, Alps Advisors Inc. lifted its position in shares of Seagate Technology by 10.2% in the first quarter. Alps Advisors Inc. now owns 278,831 shares of the data storage provider’s stock valued at $23,687,000 after acquiring an additional 25,817 shares in the last quarter. 92.87% of the stock is currently owned by hedge funds and other institutional investors.

Seagate Technology Price Performance

Seagate Technology stock opened at $234.12 on Monday. The stock’s 50-day moving average is $204.69 and its 200-day moving average is $151.29. The company has a market cap of $49.86 billion, a price-to-earnings ratio of 34.58, a price-to-earnings-growth ratio of 1.03 and a beta of 1.63. Seagate Technology Holdings PLC has a 12 month low of $63.19 and a 12 month high of $264.83.

Seagate Technology (NASDAQ:STX) last released its quarterly earnings data 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 company had revenue of $2.44 billion for the quarter, compared to the consensus estimate of $2.40 billion. Seagate Technology had a negative return on equity of 169.60% and a net margin of 16.15%.The company’s quarterly revenue was up 29.5% compared to the same quarter last year. During the same period last year, the business posted $1.05 EPS. Seagate Technology has set its Q1 2026 guidance at 2.100-2.500 EPS. Research analysts anticipate that Seagate Technology Holdings PLC will post 6.83 EPS for the current year.

Seagate Technology Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 9th. Stockholders of record on Tuesday, September 30th were issued a $0.72 dividend. This represents a $2.88 dividend on an annualized basis and a dividend 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

In other news, insider James Ci Lee sold 3,509 shares of the firm’s stock in a transaction dated Thursday, July 31st. The stock was sold at an average price of $154.74, for a total value of $542,982.66. Following the transaction, the insider directly owned 1,288 shares in the company, valued at $199,305.12. This trade represents a 73.15% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Jay L. Geldmacher sold 2,500 shares of the firm’s stock in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $150.50, for a total value of $376,250.00. Following the completion of the transaction, the director owned 352 shares in the company, valued at approximately $52,976. This trade represents a 87.66% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 75,620 shares of company stock worth $14,464,056. Corporate insiders own 0.79% of the company’s stock.

Analyst Ratings Changes

STX has been the topic of several recent research reports. Cantor Fitzgerald upped their price objective on Seagate Technology from $175.00 to $280.00 and gave the company an “overweight” rating in a research report on Monday, September 22nd. Rosenblatt Securities upped their target price on Seagate Technology from $200.00 to $250.00 and gave the company a “buy” rating in a research note on Monday, September 29th. Bank of America upped their target price 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 upped their target price 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, Barclays upped their target price on Seagate Technology from $180.00 to $200.00 and gave the company an “equal weight” rating in a research note on Thursday, September 11th. One analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $234.65.

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.