Blair William & Co. IL Buys 951 Shares of Seagate Technology Holdings PLC $STX

Blair William & Co. IL boosted its stake in shares of Seagate Technology Holdings PLC (NASDAQ:STX) by 33.5% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,786 shares of the data storage provider’s stock after buying an additional 951 shares during the quarter. Blair William & Co. IL’s holdings in Seagate Technology were worth $546,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Salvus Wealth Management LLC boosted its position in shares of Seagate Technology by 2.0% in the second quarter. Salvus Wealth Management LLC now owns 3,416 shares of the data storage provider’s stock valued at $493,000 after acquiring an additional 68 shares during the period. Moody National Bank Trust Division raised its stake in Seagate Technology by 2.0% in the second quarter. Moody National Bank Trust Division now owns 4,625 shares of the data storage provider’s stock valued at $668,000 after purchasing an additional 89 shares in the last quarter. Bruce G. Allen Investments LLC raised its stake in shares of Seagate Technology by 28.1% during the second quarter. Bruce G. Allen Investments LLC now owns 419 shares of the data storage provider’s stock worth $60,000 after acquiring an additional 92 shares in the last quarter. TD Private Client Wealth LLC raised its stake in shares of Seagate Technology by 30.2% during the second quarter. TD Private Client Wealth LLC now owns 457 shares of the data storage provider’s stock worth $66,000 after acquiring an additional 106 shares in the last quarter. Finally, Old Port Advisors increased its stake in shares of Seagate Technology by 0.3% in the second quarter. Old Port Advisors now owns 35,658 shares of the data storage provider’s stock worth $5,147,000 after buying an additional 123 shares during the period. Institutional investors own 92.87% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. Citigroup lifted their price target on shares of Seagate Technology from $215.00 to $250.00 and gave the company a “buy” rating in a report on Monday, October 13th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Seagate Technology in a research report on Wednesday, October 8th. UBS Group boosted their target price on Seagate Technology from $85.00 to $155.00 and gave the stock a “neutral” rating in a research report on Monday, July 21st. Susquehanna upped their price target on shares of Seagate Technology from $68.00 to $80.00 and gave the company a “negative” rating in a research report on Wednesday, July 30th. Finally, Wells Fargo & Company boosted their price objective on Seagate Technology from $160.00 to $240.00 and gave the company an “equal weight” rating in a research note on Monday, October 13th. One analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $229.40.

Insider Buying and Selling

In related news, EVP John Christopher Morris sold 377 shares of the firm’s stock in a transaction on Tuesday, September 16th. The stock was sold at an average price of $211.26, for a total value of $79,645.02. Following the completion of the sale, the executive vice president directly owned 13,238 shares in the company, valued at $2,796,659.88. This trade represents a 2.77% 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 1,116 shares of the firm’s stock in a transaction on Friday, August 1st. The stock was sold at an average price of $153.36, for a total value of $171,149.76. Following the completion of the sale, the insider owned 257 shares of the company’s stock, valued at approximately $39,413.52. This represents a 81.28% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 75,620 shares of company stock valued at $14,464,056 over the last 90 days. 0.79% of the stock is currently owned by insiders.

Seagate Technology Stock Performance

NASDAQ STX opened at $225.40 on Friday. The company has a market capitalization of $48.00 billion, a P/E ratio of 33.29, a P/E/G ratio of 1.01 and a beta of 1.63. Seagate Technology Holdings PLC has a one year low of $63.19 and a one year high of $264.83. The stock has a 50 day moving average price of $198.09 and a 200-day moving average price of $145.03.

Seagate Technology (NASDAQ:STX) last posted its earnings results on Tuesday, July 29th. The data storage provider reported $2.59 EPS for the quarter, beating analysts’ consensus estimates of $2.45 by $0.14. The firm had revenue of $2.44 billion during 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%.The company’s quarterly revenue was up 29.5% compared to the same quarter last year. During the same period in the prior year, the company earned $1.05 EPS. 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 EPS for the current fiscal year.

Seagate Technology Announces Dividend

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

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.