Aberdeen Group plc Grows Stock Holdings in Seagate Technology Holdings PLC $STX

Aberdeen Group plc grew its position in Seagate Technology Holdings PLC (NASDAQ:STX) by 5.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 166,664 shares of the data storage provider’s stock after buying an additional 8,658 shares during the period. Aberdeen Group plc’s holdings in Seagate Technology were worth $23,848,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Wayfinding Financial LLC purchased a new stake in shares of Seagate Technology in the 1st quarter valued at approximately $31,000. Golden State Wealth Management LLC grew its stake in shares of Seagate Technology by 2,200.0% in the 1st 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 during the period. Zions Bancorporation National Association UT purchased a new stake in shares of Seagate Technology in the 1st quarter valued at approximately $42,000. Costello Asset Management INC purchased a new stake in shares of Seagate Technology in the 1st quarter valued at approximately $47,000. Finally, Brooklyn Investment Group grew its stake in shares of Seagate Technology by 41.5% in the 1st 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 during the period. Hedge funds and other institutional investors own 92.87% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on STX shares. Robert W. Baird increased their price target on shares of Seagate Technology from $120.00 to $188.00 and gave the company an “outperform” rating in a research note on Wednesday, July 30th. Rosenblatt Securities upped their price objective on shares of Seagate Technology from $200.00 to $250.00 and gave the stock a “buy” rating in a report on Monday, September 29th. The Goldman Sachs Group upped their price objective on shares of Seagate Technology from $170.00 to $270.00 and gave the stock a “buy” rating in a report on Wednesday, October 8th. Susquehanna upped their price objective on shares of Seagate Technology from $68.00 to $80.00 and gave the stock a “negative” rating in a report on Wednesday, July 30th. Finally, Benchmark upped their price objective on shares of Seagate Technology from $165.00 to $250.00 and gave the stock a “buy” rating in a report on Tuesday, September 16th. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $214.89.

Seagate Technology Trading Up 2.4%

Shares of STX stock opened at $219.51 on Tuesday. The firm has a fifty day moving average price of $192.39 and a 200 day moving average price of $142.07. The company has a market cap of $46.75 billion, a P/E ratio of 32.42, a PEG ratio of 0.96 and a beta of 1.63. Seagate Technology Holdings PLC has a 12 month low of $63.19 and a 12 month high of $264.83.

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

Seagate Technology Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 9th. Shareholders of record on Tuesday, September 30th were paid a $0.72 dividend. The ex-dividend date was Tuesday, September 30th. This represents a $2.88 dividend on an annualized basis and a yield of 1.3%. Seagate Technology’s payout ratio is currently 42.54%.

Insider Buying and Selling

In other Seagate Technology news, EVP John Christopher Morris sold 15,347 shares of Seagate Technology stock in a transaction on Friday, September 12th. The shares were sold at an average price of $195.80, for a total value of $3,004,942.60. Following the transaction, the executive vice president directly owned 9,843 shares in the company, valued at approximately $1,927,259.40. The trade was a 60.92% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Jay L. Geldmacher sold 2,500 shares of Seagate Technology 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 completion of the transaction, the director owned 352 shares in the company, valued at approximately $52,976. This represents a 87.66% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 74,210 shares of company stock valued at $14,146,016 in the last quarter. Corporate insiders own 0.79% of the company’s stock.

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.