ASR Vermogensbeheer N.V. Acquires 7,998 Shares of Seagate Technology Holdings PLC $STX

ASR Vermogensbeheer N.V. boosted its holdings in shares of Seagate Technology Holdings PLC (NASDAQ:STX) by 69.5% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 19,501 shares of the data storage provider’s stock after purchasing an additional 7,998 shares during the period. ASR Vermogensbeheer N.V.’s holdings in Seagate Technology were worth $2,814,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its holdings in Seagate Technology by 2.7% during the first quarter. Vanguard Group Inc. now owns 28,743,126 shares of the data storage provider’s stock worth $2,441,729,000 after acquiring an additional 769,009 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Seagate Technology by 12.9% in the first quarter. JPMorgan Chase & Co. now owns 18,920,792 shares of the data storage provider’s stock valued at $1,607,321,000 after purchasing an additional 2,161,191 shares in the last quarter. Invesco Ltd. lifted its holdings in shares of Seagate Technology by 3.6% in the first quarter. Invesco Ltd. now owns 2,861,418 shares of the data storage provider’s stock valued at $243,077,000 after purchasing an additional 99,884 shares in the last quarter. Royal Bank of Canada lifted its holdings in shares of Seagate Technology by 0.8% in the first quarter. Royal Bank of Canada now owns 1,628,941 shares of the data storage provider’s stock valued at $138,378,000 after purchasing an additional 12,424 shares in the last quarter. Finally, Deutsche Bank AG lifted its holdings in shares of Seagate Technology by 4.5% in the first quarter. Deutsche Bank AG now owns 1,181,460 shares of the data storage provider’s stock valued at $100,365,000 after purchasing an additional 50,699 shares in the last quarter. 92.87% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on STX shares. Benchmark boosted their price target on Seagate Technology from $165.00 to $250.00 and gave the company a “buy” rating in a report on Tuesday, September 16th. Morgan Stanley boosted their price target on Seagate Technology from $168.00 to $265.00 and gave the company an “overweight” rating in a report on Monday, September 29th. Robert W. Baird boosted their price target on Seagate Technology from $120.00 to $188.00 and gave the company an “outperform” rating in a report on Wednesday, July 30th. Weiss Ratings restated a “buy (b-)” rating on shares of Seagate Technology in a report on Saturday, September 27th. Finally, Cantor Fitzgerald boosted their price target on Seagate Technology from $175.00 to $280.00 and gave the company an “overweight” rating in a report on Monday, September 22nd. Sixteen 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.com, the stock has an average rating of “Moderate Buy” and an average target price of $193.32.

Seagate Technology Stock Performance

NASDAQ:STX opened at $252.79 on Friday. The stock’s 50-day simple moving average is $183.78 and its 200 day simple moving average is $135.66. The company has a market cap of $53.84 billion, a P/E ratio of 37.34, a P/E/G ratio of 1.14 and a beta of 1.63. Seagate Technology Holdings PLC has a 52-week low of $63.19 and a 52-week high of $264.83.

Seagate Technology (NASDAQ:STX) last released its earnings results on Tuesday, July 29th. The data storage provider reported $2.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.45 by $0.14. The business 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%.Seagate Technology’s quarterly revenue was up 29.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.05 earnings per share. Seagate Technology has set its Q1 2026 guidance at 2.100-2.500 EPS. As a group, equities analysts predict that Seagate Technology Holdings PLC will post 6.83 earnings per share for the current fiscal year.

Seagate Technology Dividend Announcement

The firm also recently declared 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. This represents a $2.88 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend is Tuesday, September 30th. Seagate Technology’s payout ratio is 42.54%.

Insider Activity

In other Seagate Technology news, EVP Ban Seng Teh sold 5,905 shares of the business’s stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $155.00, for a total transaction of $915,275.00. Following the transaction, the executive vice president owned 6,147 shares of the company’s stock, valued at $952,785. The trade was a 49.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider James Ci Lee sold 3,509 shares of the business’s stock in a transaction that occurred on 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 approximately $199,305.12. This trade represents a 73.15% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 75,935 shares of company stock valued at $14,394,416. 0.79% of the stock is owned by 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.