CX Institutional Buys 880 Shares of Seagate Technology Holdings PLC $STX

CX Institutional raised its stake in shares of Seagate Technology Holdings PLC (NASDAQ:STX) by 66.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,210 shares of the data storage provider’s stock after buying an additional 880 shares during the period. CX Institutional’s holdings in Seagate Technology were worth $319,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Wayfinding Financial LLC bought a new position in Seagate Technology during the first quarter valued at about $31,000. Golden State Wealth Management LLC raised its holdings in Seagate Technology by 2,200.0% during the first quarter. Golden State Wealth Management LLC now owns 460 shares of the data storage provider’s stock valued at $39,000 after buying an additional 440 shares in the last quarter. Zions Bancorporation National Association UT bought a new position in Seagate Technology during the first quarter valued at about $42,000. Costello Asset Management INC bought a new position in Seagate Technology during the first quarter valued at about $47,000. Finally, Brooklyn Investment Group raised its holdings in Seagate Technology by 41.5% during the first quarter. Brooklyn Investment Group now owns 702 shares of the data storage provider’s stock valued at $60,000 after buying an additional 206 shares in the last quarter. 92.87% of the stock is currently owned by institutional investors.

Seagate Technology Stock Performance

Shares of Seagate Technology stock opened at $217.51 on Friday. The firm has a fifty day moving average of $174.24 and a two-hundred day moving average of $130.52. The stock has a market capitalization of $46.32 billion, a price-to-earnings ratio of 32.13, a PEG ratio of 0.98 and a beta of 1.53. Seagate Technology Holdings PLC has a 52 week low of $63.19 and a 52 week high of $231.96.

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

Seagate Technology Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 9th. Shareholders of record on Tuesday, September 30th will be given a dividend of $0.72 per share. The ex-dividend date is Tuesday, September 30th. This represents a $2.88 annualized dividend and a dividend yield of 1.3%. Seagate Technology’s payout ratio is presently 42.54%.

Insider Activity at Seagate Technology

In other Seagate Technology news, insider James Ci Lee sold 1,116 shares of the company’s stock in a transaction on Friday, August 1st. The shares were sold at an average price of $153.36, for a total transaction of $171,149.76. Following the completion of the sale, the insider owned 257 shares in the company, valued at approximately $39,413.52. The trade was a 81.28% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Jay L. Geldmacher sold 2,500 shares of the company’s stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $150.50, for a total transaction of $376,250.00. Following the sale, the director owned 352 shares of the company’s stock, valued at $52,976. The trade was a 87.66% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 75,935 shares of company stock worth $12,289,616. 0.79% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research firms have weighed in on STX. Morgan Stanley raised their target price on Seagate Technology from $167.00 to $168.00 and gave the company an “overweight” rating in a report on Wednesday, July 30th. Rosenblatt Securities lifted their target price on Seagate Technology from $185.00 to $200.00 and gave the stock a “buy” rating in a research report on Wednesday, July 30th. The Goldman Sachs Group began coverage on Seagate Technology in a research report on Thursday, July 10th. They set a “buy” rating and a $170.00 target price on the stock. Barclays lifted their price objective on Seagate Technology from $180.00 to $200.00 and gave the company an “equal weight” rating in a report on Thursday, September 11th. Finally, Bank of America boosted their target price on Seagate Technology from $215.00 to $255.00 and gave the stock a “buy” rating in a report on Wednesday. Fifteen equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $185.58.

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.