Fifth Third Wealth Advisors LLC Makes New Investment in Seagate Technology Holdings PLC $STX

Fifth Third Wealth Advisors LLC bought a new position in Seagate Technology Holdings PLC (NASDAQ:STX) in the 2nd quarter, HoldingsChannel.com reports. The fund bought 2,100 shares of the data storage provider’s stock, valued at approximately $303,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Personal CFO Solutions LLC purchased a new stake in Seagate Technology in the first quarter worth approximately $223,000. Amalgamated Bank boosted its stake in Seagate Technology by 0.8% in the first quarter. Amalgamated Bank now owns 29,964 shares of the data storage provider’s stock worth $2,545,000 after buying an additional 243 shares in the last quarter. Retirement Planning Co of New England Inc. purchased a new stake in shares of Seagate Technology during the first quarter valued at approximately $272,000. Alps Advisors Inc. boosted its stake in shares of Seagate Technology by 10.2% during the first quarter. Alps Advisors Inc. now owns 278,831 shares of the data storage provider’s stock valued at $23,687,000 after purchasing an additional 25,817 shares during the period. Finally, FARMERS & MERCHANTS TRUST Co OF LONG BEACH purchased a new stake in shares of Seagate Technology during the second quarter valued at approximately $322,000. Hedge funds and other institutional investors own 92.87% of the company’s stock.

Seagate Technology Stock Up 2.4%

Shares of STX stock opened at $219.51 on Tuesday. The stock has a fifty day moving average of $192.39 and a 200 day moving average of $142.07. Seagate Technology Holdings PLC has a 52 week low of $63.19 and a 52 week high of $264.83. The firm has a market capitalization of $46.75 billion, a price-to-earnings ratio of 32.42, a PEG ratio of 0.96 and a beta of 1.63.

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

Seagate Technology Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 9th. Shareholders of record on Tuesday, September 30th were issued 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 dividend payout ratio is 42.54%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. Zacks Research raised Seagate Technology from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 2nd. Mizuho increased their price objective on Seagate Technology from $160.00 to $245.00 and gave the company an “outperform” rating in a research note on Friday, September 19th. Benchmark increased their price objective on Seagate Technology from $165.00 to $250.00 and gave the company a “buy” rating in a research note on Tuesday, September 16th. Cantor Fitzgerald increased their price objective on Seagate Technology from $175.00 to $280.00 and gave the company an “overweight” rating in a research note on Monday, September 22nd. Finally, Citigroup increased their price objective on Seagate Technology from $215.00 to $250.00 and gave the company a “buy” rating in a research note on Monday. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $214.89.

Insiders Place Their Bets

In other Seagate Technology news, insider James Ci Lee sold 3,509 shares of the stock in a transaction 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 completion of the transaction, the insider owned 1,288 shares in the company, valued at approximately $199,305.12. This represents a 73.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jay L. Geldmacher sold 2,500 shares of the stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of $150.50, for a total value of $376,250.00. Following the completion of the transaction, the director owned 352 shares of the company’s stock, valued at approximately $52,976. This trade represents a 87.66% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 74,210 shares of company stock valued at $14,146,016 in the last 90 days. Corporate insiders own 0.79% of the company’s stock.

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.