Seagate Technology Holdings PLC $STX Stock Holdings Raised by Donoghue Forlines LLC

Donoghue Forlines LLC grew its position in shares of Seagate Technology Holdings PLC (NASDAQ:STX) by 96.8% during the 2nd quarter, Holdings Channel.com reports. The firm owned 33,014 shares of the data storage provider’s stock after acquiring an additional 16,241 shares during the period. Seagate Technology accounts for approximately 1.4% of Donoghue Forlines LLC’s holdings, making the stock its 6th largest holding. Donoghue Forlines LLC’s holdings in Seagate Technology were worth $4,765,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Vision Financial Markets LLC purchased a new position in Seagate Technology in the 2nd quarter worth $173,000. Nordea Investment Management AB increased its holdings 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 worth $2,632,000 after buying an additional 2,808 shares during the period. Central Asset Investments & Management Holdings HK Ltd lifted its stake in shares of Seagate Technology by 185.8% in the 2nd quarter. Central Asset Investments & Management Holdings HK Ltd now owns 18,734 shares of the data storage provider’s stock valued at $2,704,000 after acquiring an additional 12,178 shares during the last quarter. Retirement Planning Co of New England Inc. purchased a new stake in Seagate Technology during the 1st quarter valued at about $272,000. Finally, Allspring Global Investments Holdings LLC grew its position in Seagate Technology by 21.5% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 61,263 shares of the data storage provider’s stock worth $8,886,000 after acquiring an additional 10,847 shares during the last quarter. Institutional investors own 92.87% of the company’s stock.

Insider Buying and Selling at Seagate Technology

In other Seagate Technology news, Director Stephanie Tilenius sold 2,046 shares of the company’s stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $266.41, for a total transaction of $545,074.86. Following the transaction, the director owned 12,244 shares in the company, valued at approximately $3,261,924.04. This represents a 14.32% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO William D. Mosley sold 20,000 shares of the company’s stock in a transaction on 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 sale, the chief executive officer directly owned 465,668 shares in the company, valued at approximately $122,386,863.76. The trade was a 4.12% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 77,240 shares of company stock worth $18,806,080. Insiders own 0.79% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on STX shares. Sanford C. Bernstein boosted their price objective on Seagate Technology from $275.00 to $370.00 and gave the company an “outperform” rating in a research report on Thursday, November 6th. Wedbush upped their price target on shares of Seagate Technology from $260.00 to $290.00 and gave the company an “outperform” rating in a report on Wednesday, October 29th. Cantor Fitzgerald increased their price target on shares of Seagate Technology from $280.00 to $400.00 and gave the company an “overweight” rating in a research report on Thursday, November 6th. Susquehanna boosted their price objective on shares of Seagate Technology from $80.00 to $150.00 and gave the company a “negative” rating in a research report on Wednesday, October 29th. Finally, Citigroup upped their price objective on shares of Seagate Technology from $250.00 to $275.00 and gave the company a “buy” rating in a research note on Wednesday, October 29th. Two analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $281.36.

Seagate Technology Trading Down 7.3%

Shares of Seagate Technology stock opened at $262.56 on Friday. Seagate Technology Holdings PLC has a 12-month low of $63.19 and a 12-month high of $297.88. The company has a market cap of $56.07 billion, a P/E ratio of 33.70, a PEG ratio of 1.17 and a beta of 1.63. The company’s fifty day simple moving average is $232.63 and its two-hundred day simple moving average is $169.29.

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

Seagate Technology Increases Dividend

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

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.