International Assets Investment Management LLC Lowers Stock Holdings in Seagate Technology Holdings PLC $STX

International Assets Investment Management LLC decreased its position in shares of Seagate Technology Holdings PLC (NASDAQ:STX) by 26.4% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,742 shares of the data storage provider’s stock after selling 625 shares during the quarter. International Assets Investment Management LLC’s holdings in Seagate Technology were worth $251,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of STX. GAMMA Investing LLC lifted its stake in shares of Seagate Technology by 8.5% during the 1st quarter. GAMMA Investing LLC now owns 3,027 shares of the data storage provider’s stock valued at $257,000 after buying an additional 237 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in Seagate Technology by 18.0% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 17,122 shares of the data storage provider’s stock valued at $1,454,000 after acquiring an additional 2,611 shares during the last quarter. Oppenheimer & Co. Inc. increased its holdings in Seagate Technology by 27.6% in the 1st quarter. Oppenheimer & Co. Inc. now owns 20,482 shares of the data storage provider’s stock valued at $1,740,000 after acquiring an additional 4,427 shares during the last quarter. Asset Management One Co. Ltd. increased its holdings in Seagate Technology by 5.7% in the 1st quarter. Asset Management One Co. Ltd. now owns 89,021 shares of the data storage provider’s stock valued at $7,562,000 after acquiring an additional 4,799 shares during the last quarter. Finally, Golden State Equity Partners bought a new stake in Seagate Technology in the 1st quarter valued at $207,000. Hedge funds and other institutional investors own 92.87% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on STX shares. Rosenblatt Securities lifted their price target on shares of Seagate Technology from $200.00 to $250.00 and gave the company a “buy” rating in a report on Monday, September 29th. TD Cowen lifted their price target on shares of Seagate Technology from $135.00 to $175.00 and gave the company a “buy” rating in a report on Wednesday, July 30th. Evercore ISI boosted their target price on shares of Seagate Technology from $160.00 to $330.00 and gave the stock an “outperform” rating in a report on Monday, October 13th. Wells Fargo & Company boosted their target price on shares of Seagate Technology from $160.00 to $240.00 and gave the stock an “equal weight” rating in a report on Monday, October 13th. Finally, Robert W. Baird boosted their target price on shares of Seagate Technology from $120.00 to $188.00 and gave the stock an “outperform” rating in a report on Wednesday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $234.65.

Seagate Technology Trading Up 5.3%

Shares of NASDAQ:STX opened at $226.41 on Friday. The company has a market capitalization of $48.22 billion, a price-to-earnings ratio of 33.44, a PEG ratio of 0.95 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. The firm’s 50-day moving average is $203.10 and its 200 day moving average is $149.02.

Seagate Technology (NASDAQ:STX) last issued its quarterly 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 for the quarter, compared to the consensus estimate of $2.40 billion. Seagate Technology had a net margin of 16.15% and a negative return on equity of 169.60%. The firm’s revenue was up 29.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.05 EPS. Seagate Technology has set its Q1 2026 guidance at 2.100-2.500 EPS. As a group, equities analysts forecast that Seagate Technology Holdings PLC will post 6.83 EPS for the current fiscal year.

Seagate Technology Announces Dividend

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

Insider Activity at Seagate Technology

In related news, CEO William D. Mosley sold 20,000 shares of the company’s stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $249.90, for a total transaction of $4,998,000.00. Following the transaction, the chief executive officer directly owned 485,668 shares in the company, valued at approximately $121,368,433.20. This represents a 3.96% decrease in their position. The sale was disclosed in a document filed 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 dated Wednesday, August 6th. The shares were sold at an average price of $150.50, for a total transaction of $376,250.00. Following the transaction, the director owned 352 shares in the company, valued at $52,976. The trade was a 87.66% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 75,620 shares of company stock worth $14,464,056 in the last three months. 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.