King Luther Capital Management Corp Acquires New Position in Seagate Technology Holdings PLC $STX

King Luther Capital Management Corp acquired a new position in shares of Seagate Technology Holdings PLC (NASDAQ:STX) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 1,500 shares of the data storage provider’s stock, valued at approximately $216,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Harbor Asset Planning Inc. acquired a new stake in shares of Seagate Technology during the 2nd quarter worth approximately $27,000. Zions Bancorporation National Association UT acquired a new stake in Seagate Technology during the first quarter worth $42,000. GoalVest Advisory LLC raised its position in Seagate Technology by 30.6% in the second quarter. GoalVest Advisory LLC now owns 320 shares of the data storage provider’s stock valued at $46,000 after purchasing an additional 75 shares during the period. Costello Asset Management INC acquired a new position in shares of Seagate Technology in the 1st quarter valued at $47,000. Finally, Trust Co. of Toledo NA OH purchased a new position in shares of Seagate Technology during the 2nd quarter worth $57,000. 92.87% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently issued reports on STX. Fox Advisors boosted their price objective on shares of Seagate Technology from $245.00 to $270.00 in a report on Wednesday, October 29th. TD Cowen upped their price objective on shares of Seagate Technology from $270.00 to $340.00 and gave the stock a “buy” rating in a report on Tuesday. Wedbush lifted their target price on shares of Seagate Technology from $260.00 to $290.00 and gave the company an “outperform” rating in a report on Wednesday, October 29th. Cantor Fitzgerald boosted their price objective on Seagate Technology from $280.00 to $400.00 and gave the company an “overweight” rating in a report on Thursday, November 6th. Finally, Mizuho raised their target price on Seagate Technology from $245.00 to $280.00 and gave the company an “outperform” rating in a report on Friday, October 17th. Two research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $281.36.

Seagate Technology Trading Down 2.0%

Shares of STX stock opened at $288.00 on Wednesday. The company has a market cap of $61.50 billion, a P/E ratio of 36.97, a PEG ratio of 1.17 and a beta of 1.63. The firm has a fifty day moving average price of $228.92 and a 200 day moving average price of $167.84. Seagate Technology Holdings PLC has a 12 month low of $63.19 and a 12 month high of $296.15.

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

Seagate Technology Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 9th. Shareholders of record on Wednesday, December 24th will be issued a dividend of $0.74 per share. The ex-dividend date of this dividend is Wednesday, December 24th. This is an increase from Seagate Technology’s previous quarterly dividend of $0.72. This represents a $2.96 dividend on an annualized basis and a yield of 1.0%. Seagate Technology’s dividend payout ratio is 38.00%.

Insider Buying and Selling at Seagate Technology

In related news, EVP Kian Fatt Chong sold 7,078 shares of the business’s stock in a transaction on Thursday, October 30th. The shares were sold at an average price of $272.14, for a total value of $1,926,206.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jay L. Geldmacher sold 1,250 shares of the company’s stock in a transaction on Friday, October 31st. The shares were sold at an average price of $269.10, for a total transaction of $336,375.00. Following the completion of the transaction, the director owned 1,148 shares of the company’s stock, valued at $308,926.80. This represents a 52.13% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 77,240 shares of company stock worth $18,806,080. 0.79% of the stock is owned by insiders.

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.