Vestmark Advisory Solutions Inc. Acquires New Stake in Seagate Technology Holdings PLC $STX

Vestmark Advisory Solutions Inc. bought a new position in shares of Seagate Technology Holdings PLC (NASDAQ:STX) in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 2,455 shares of the data storage provider’s stock, valued at approximately $354,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of STX. Envestnet Asset Management Inc. grew its holdings in shares of Seagate Technology by 34.8% during the first quarter. Envestnet Asset Management Inc. now owns 117,907 shares of the data storage provider’s stock worth $10,016,000 after buying an additional 30,461 shares in the last quarter. New York State Common Retirement Fund boosted its position in Seagate Technology by 29.3% during the 1st quarter. New York State Common Retirement Fund now owns 48,429 shares of the data storage provider’s stock worth $4,114,000 after acquiring an additional 10,980 shares during the last quarter. CWM LLC raised its holdings in shares of Seagate Technology by 14.0% in the first quarter. CWM LLC now owns 3,691 shares of the data storage provider’s stock valued at $314,000 after purchasing an additional 454 shares during the last quarter. SBI Securities Co. Ltd. increased its stake in Seagate Technology by 70.2% in the 1st quarter. SBI Securities Co. Ltd. now owns 2,660 shares of the data storage provider’s stock valued at $226,000 after buying an additional 1,097 shares during the last quarter. Finally, Cable Hill Partners LLC bought a new stake in Seagate Technology during the 1st quarter worth about $200,000. Institutional investors and hedge funds own 92.87% of the company’s stock.

Seagate Technology Stock Down 4.8%

STX opened at $269.77 on Thursday. The stock has a market capitalization of $57.61 billion, a price-to-earnings ratio of 34.81, a P/E/G ratio of 1.17 and a beta of 1.63. Seagate Technology Holdings PLC has a twelve month low of $63.19 and a twelve month high of $297.88. The company has a 50-day simple moving average of $231.06 and a 200 day simple moving average of $168.64.

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

Seagate Technology Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 9th. Stockholders of record on Wednesday, December 24th will be paid a $0.74 dividend. This represents a $2.96 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date is Wednesday, December 24th. This is a positive change from Seagate Technology’s previous quarterly dividend of $0.72. Seagate Technology’s dividend payout ratio is currently 38.00%.

Insider Activity at Seagate Technology

In other Seagate Technology news, CEO William D. Mosley sold 20,000 shares of the company’s stock in a transaction dated Monday, November 3rd. The stock was 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 of the company’s stock, valued at $122,386,863.76. This represents a 4.12% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Jay L. Geldmacher sold 1,250 shares of the stock in a transaction dated Friday, October 31st. The shares were sold at an average price of $269.10, for a total value of $336,375.00. Following the completion of the transaction, the director owned 1,148 shares of the company’s stock, valued at $308,926.80. This represents a 52.13% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 77,240 shares of company stock worth $18,806,080 over the last 90 days. 0.79% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Robert W. Baird lifted their target price on Seagate Technology from $188.00 to $270.00 and gave the company an “outperform” rating in a research report on Wednesday, October 29th. Barclays upped their price objective on Seagate Technology from $200.00 to $240.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 29th. UBS Group cut their price objective on Seagate Technology from $235.00 to $230.00 and set a “neutral” rating for the company in a report on Wednesday, October 29th. Zacks Research raised shares of Seagate Technology from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 2nd. Finally, Loop Capital boosted their target price on shares of Seagate Technology from $350.00 to $465.00 and gave the stock a “buy” rating in a report on Monday. Two research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $281.36.

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.