Belpointe Asset Management LLC Purchases Shares of 3,363 Seagate Technology Holdings PLC $STX

Belpointe Asset Management LLC bought a new stake in shares of Seagate Technology Holdings PLC (NASDAQ:STX) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 3,363 shares of the data storage provider’s stock, valued at approximately $485,000.

Several other large investors also recently modified their holdings of STX. Wayfinding Financial LLC acquired a new stake in Seagate Technology in the first quarter worth $31,000. Golden State Wealth Management LLC increased its position in 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 in the last quarter. Zions Bancorporation National Association UT bought a new position in Seagate Technology in the first quarter worth approximately $42,000. Costello Asset Management INC bought a new position in Seagate Technology in the first quarter worth approximately $47,000. Finally, Brooklyn Investment Group grew its stake in Seagate Technology by 41.5% in the first quarter. Brooklyn Investment Group now owns 702 shares of the data storage provider’s stock valued at $60,000 after acquiring an additional 206 shares during the period. Institutional investors and hedge funds own 92.87% of the company’s stock.

Seagate Technology Stock Performance

Shares of STX opened at $221.70 on Friday. Seagate Technology Holdings PLC has a fifty-two week low of $63.19 and a fifty-two week high of $264.83. The business has a 50-day moving average of $189.90 and a 200 day moving average of $139.52. The firm has a market cap of $47.22 billion, a P/E ratio of 32.75, a price-to-earnings-growth ratio of 1.00 and a beta of 1.63.

Seagate Technology (NASDAQ:STX) last issued its earnings results on Tuesday, July 29th. The data storage provider reported $2.59 earnings per share for the quarter, topping 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 analyst estimates of $2.40 billion. During the same quarter last year, the business earned $1.05 earnings per share. The company’s quarterly 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. As a group, research 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 announced a quarterly dividend, which was paid on Thursday, October 9th. Shareholders of record on Tuesday, September 30th were issued a dividend of $0.72 per share. The ex-dividend date of this dividend 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 presently 42.54%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Sanford C. Bernstein initiated coverage on Seagate Technology in a report on Tuesday, September 16th. They issued an “outperform” rating and a $250.00 target price on the stock. Benchmark raised their price objective on shares of Seagate Technology from $165.00 to $250.00 and gave the company a “buy” rating in a research note on Tuesday, September 16th. TD Cowen boosted their target price on shares of Seagate Technology from $135.00 to $175.00 and gave the stock a “buy” rating in a research report on Wednesday, July 30th. UBS Group boosted their price objective on Seagate Technology from $85.00 to $155.00 and gave the stock a “neutral” rating in a report on Monday, July 21st. Finally, Bank of America raised their price objective on Seagate Technology from $215.00 to $255.00 and gave the company a “buy” rating in a research note on Wednesday, September 24th. One investment 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 assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $198.58.

Insider Activity

In other Seagate Technology news, CEO William D. Mosley sold 20,000 shares of the firm’s stock in a transaction dated Wednesday, October 1st. The stock was sold at an average price of $249.90, for a total value of $4,998,000.00. Following the completion of the transaction, the chief executive officer owned 485,668 shares in the company, valued at $121,368,433.20. This trade represents a 3.96% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Ban Seng Teh sold 3,732 shares of the company’s stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $193.30, for a total value of $721,395.60. Following the sale, the executive vice president owned 4,172 shares in the company, valued at approximately $806,447.60. This represents a 47.22% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 74,210 shares of company stock valued at $14,146,016. 0.79% of the stock is currently owned by corporate 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.