Decker Retirement Planning Inc. Purchases Shares of 25,392 Seagate Technology Holdings PLC $STX

Decker Retirement Planning Inc. acquired a new position in shares of Seagate Technology Holdings PLC (NASDAQ:STX) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 25,392 shares of the data storage provider’s stock, valued at approximately $3,665,000. Seagate Technology comprises about 2.1% of Decker Retirement Planning Inc.’s investment portfolio, making the stock its 14th biggest position.

Several other large investors have also recently added to or reduced their stakes in STX. OneDigital Investment Advisors LLC boosted its stake in Seagate Technology by 16.8% in the 1st quarter. OneDigital Investment Advisors LLC now owns 3,159 shares of the data storage provider’s stock worth $268,000 after buying an additional 454 shares during the last quarter. World Investment Advisors lifted its holdings in shares of Seagate Technology by 26.5% during the 1st quarter. World Investment Advisors now owns 4,441 shares of the data storage provider’s stock worth $377,000 after acquiring an additional 931 shares during the period. Concurrent Investment Advisors LLC lifted its holdings in shares of Seagate Technology by 10.5% during the 1st quarter. Concurrent Investment Advisors LLC now owns 2,894 shares of the data storage provider’s stock worth $246,000 after acquiring an additional 275 shares during the period. Envestnet Asset Management Inc. boosted its position in shares of Seagate Technology by 34.8% in the first quarter. Envestnet Asset Management Inc. now owns 117,907 shares of the data storage provider’s stock worth $10,016,000 after acquiring an additional 30,461 shares during the last quarter. Finally, M&T Bank Corp grew its holdings in Seagate Technology by 2.1% in the first quarter. M&T Bank Corp now owns 12,193 shares of the data storage provider’s stock valued at $1,035,000 after purchasing an additional 256 shares during the period. 92.87% of the stock is currently owned by hedge funds and other institutional investors.

Seagate Technology Trading Up 0.3%

Shares of Seagate Technology stock opened at $279.35 on Friday. Seagate Technology Holdings PLC has a twelve month low of $63.19 and a twelve month high of $284.42. The stock has a market cap of $59.66 billion, a price-to-earnings ratio of 35.86, a price-to-earnings-growth ratio of 1.17 and a beta of 1.63. The company has a fifty day moving average price of $224.04 and a 200 day moving average price of $163.68.

Seagate Technology (NASDAQ:STX) last released its quarterly earnings data on Tuesday, October 28th. The data storage provider reported $2.61 EPS for the quarter, beating the consensus estimate of $2.40 by $0.21. The company had revenue of $2.63 billion for the quarter, compared to analyst estimates of $2.54 billion. Seagate Technology had a negative return on equity of 297.87% and a net margin of 17.92%.The firm’s revenue was up 21.3% compared to the same quarter last year. During the same period last year, the company posted $1.58 earnings per share. Seagate Technology has set its Q2 2026 guidance at 2.550-2.950 EPS. Analysts forecast that Seagate Technology Holdings PLC will post 6.83 earnings per share for the current year.

Seagate Technology Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 9th. Investors of record on Wednesday, December 24th will be given a dividend of $0.74 per share. This is a boost from Seagate Technology’s previous quarterly dividend of $0.72. The ex-dividend date of this dividend is Wednesday, December 24th. This represents a $2.96 annualized dividend and a yield of 1.1%. Seagate Technology’s dividend payout ratio is presently 38.00%.

Analysts Set New Price Targets

A number of research firms have weighed in on STX. Evercore ISI increased their price target on shares of Seagate Technology from $160.00 to $330.00 and gave the stock an “outperform” rating in a research note on Monday, October 13th. Robert W. Baird upped their price objective on Seagate Technology from $188.00 to $270.00 and gave the stock an “outperform” rating in a report on Wednesday, October 29th. Morgan Stanley increased their target price on Seagate Technology from $265.00 to $270.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 29th. Wells Fargo & Company boosted their price target on Seagate Technology from $240.00 to $250.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 29th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Seagate Technology in a research note on Wednesday, October 8th. Two 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. According to data from MarketBeat.com, Seagate Technology presently has a consensus rating of “Moderate Buy” and an average price target of $272.95.

Insider Transactions at Seagate Technology

In other news, EVP Ban Seng Teh sold 6,000 shares of the company’s stock in a transaction on Wednesday, November 5th. The shares were sold at an average price of $270.00, for a total value of $1,620,000.00. Following the completion of the transaction, the executive vice president directly owned 12,041 shares in the company, valued at approximately $3,251,070. This represents a 33.26% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Stephanie Tilenius sold 2,046 shares of the firm’s stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $266.41, for a total transaction of $545,074.86. Following the sale, the director directly owned 12,244 shares of the company’s stock, valued at approximately $3,261,924.04. The trade was a 14.32% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 78,964 shares of company stock worth $19,067,455 over the last 90 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.