D Orazio & Associates Inc. Invests $226,000 in Seagate Technology Holdings PLC $STX

D Orazio & Associates Inc. acquired a new stake in shares of Seagate Technology Holdings PLC (NASDAQ:STX) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 1,565 shares of the data storage provider’s stock, valued at approximately $226,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Salvus Wealth Management LLC boosted its holdings in Seagate Technology by 2.0% in the 2nd quarter. Salvus Wealth Management LLC now owns 3,416 shares of the data storage provider’s stock valued at $493,000 after purchasing an additional 68 shares during the period. GoalVest Advisory LLC raised its position in shares of Seagate Technology by 30.6% in the second quarter. GoalVest Advisory LLC now owns 320 shares of the data storage provider’s stock worth $46,000 after buying an additional 75 shares in the last quarter. Angeles Wealth Management LLC boosted its stake in Seagate Technology by 2.2% during the second quarter. Angeles Wealth Management LLC now owns 3,485 shares of the data storage provider’s stock valued at $503,000 after buying an additional 76 shares during the period. Bessemer Group Inc. boosted its stake in Seagate Technology by 3.3% during the second quarter. Bessemer Group Inc. now owns 2,502 shares of the data storage provider’s stock valued at $361,000 after buying an additional 81 shares during the period. Finally, Moody National Bank Trust Division grew its position in Seagate Technology by 2.0% during the second quarter. Moody National Bank Trust Division now owns 4,625 shares of the data storage provider’s stock worth $668,000 after buying an additional 89 shares in the last quarter. Institutional investors own 92.87% of the company’s stock.

Analysts Set New Price Targets

Several analysts have weighed in on STX shares. Zacks Research raised Seagate Technology from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 2nd. 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 research report on Wednesday, October 8th. Mizuho raised their target price on shares of Seagate Technology from $245.00 to $280.00 and gave the company an “outperform” rating in a research note on Friday, October 17th. Morgan Stanley boosted their price target on shares of Seagate Technology from $265.00 to $270.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 29th. Finally, Argus increased their price target on shares of Seagate Technology from $170.00 to $300.00 and gave the stock a “strong-buy” rating in a report on Thursday, October 30th. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Seagate Technology currently has a consensus rating of “Moderate Buy” and a consensus target price of $281.36.

Insider Activity

In other news, EVP Ban Seng Teh sold 6,000 shares of Seagate Technology stock in a transaction dated Wednesday, November 5th. The stock was sold at an average price of $270.00, for a total value of $1,620,000.00. Following the transaction, the executive vice president owned 12,041 shares in the company, valued at approximately $3,251,070. The trade was a 33.26% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Kian Fatt Chong sold 7,078 shares of the stock in a transaction dated Thursday, October 30th. The shares were sold at an average price of $272.14, for a total value of $1,926,206.92. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 77,240 shares of company stock valued at $18,806,080. Company insiders own 0.79% of the company’s stock.

Seagate Technology Price Performance

Shares of NASDAQ STX opened at $262.56 on Friday. The stock has a market capitalization of $56.07 billion, a P/E ratio of 33.70, a PEG ratio of 1.17 and a beta of 1.63. Seagate Technology Holdings PLC has a one year low of $63.19 and a one year high of $297.88. The firm’s 50 day simple moving average is $232.63 and its two-hundred day simple moving average is $169.29.

Seagate Technology (NASDAQ:STX) last announced its quarterly earnings data on Tuesday, October 28th. The data storage provider reported $2.61 earnings per share for the quarter, topping analysts’ consensus estimates of $2.40 by $0.21. Seagate Technology had a net margin of 17.92% and a negative return on equity of 297.87%. The firm had revenue of $2.63 billion during the quarter, compared to analyst estimates of $2.54 billion. During the same period in the previous year, the business posted $1.58 EPS. The business’s quarterly revenue was up 21.3% on a year-over-year basis. Seagate Technology has set its Q2 2026 guidance at 2.550-2.950 EPS. As a group, equities analysts expect that Seagate Technology Holdings PLC will post 6.83 earnings per share for the current fiscal year.

Seagate Technology Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 9th. Shareholders of record on Wednesday, December 24th will be given a dividend of $0.74 per share. The ex-dividend date is Wednesday, December 24th. This is a positive change from Seagate Technology’s previous quarterly dividend of $0.72. This represents a $2.96 annualized dividend and a yield of 1.1%. Seagate Technology’s dividend payout ratio (DPR) is currently 38.00%.

About Seagate Technology

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.