Machina Capital S.A.S. Sells 3,913 Shares of Seagate Technology Holdings PLC $STX

Machina Capital S.A.S. decreased its holdings in Seagate Technology Holdings PLC (NASDAQ:STX) by 41.2% in the second quarter, HoldingsChannel.com reports. The fund owned 5,583 shares of the data storage provider’s stock after selling 3,913 shares during the period. Machina Capital S.A.S.’s holdings in Seagate Technology were worth $806,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in STX. State of Michigan Retirement System lifted its position in shares of Seagate Technology by 0.5% in the 2nd quarter. State of Michigan Retirement System now owns 57,705 shares of the data storage provider’s stock worth $8,329,000 after purchasing an additional 300 shares during the period. iA Global Asset Management Inc. bought a new position in Seagate Technology in the second quarter worth about $7,118,000. Zweig DiMenna Associates LLC purchased a new stake in Seagate Technology in the second quarter worth about $10,118,000. Lifeworks Advisors LLC boosted its position in Seagate Technology by 22.2% during the 2nd quarter. Lifeworks Advisors LLC now owns 30,498 shares of the data storage provider’s stock valued at $4,402,000 after acquiring an additional 5,537 shares in the last quarter. Finally, Great Lakes Retirement Inc. grew its holdings in shares of Seagate Technology by 2.2% during the 2nd quarter. Great Lakes Retirement Inc. now owns 17,856 shares of the data storage provider’s stock worth $2,590,000 after acquiring an additional 390 shares during the period. 92.87% of the stock is owned by hedge funds and other institutional investors.

Seagate Technology Price Performance

Shares of Seagate Technology stock opened at $265.55 on Tuesday. Seagate Technology Holdings PLC has a 1 year low of $63.19 and a 1 year high of $280.35. The firm’s 50-day moving average is $215.81 and its 200 day moving average is $159.41. The stock has a market cap of $56.55 billion, a price-to-earnings ratio of 34.09, a PEG ratio of 1.17 and a beta of 1.63.

Seagate Technology (NASDAQ:STX) last issued its earnings results 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 net margin of 17.92% and a negative return on equity of 297.87%. 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 previous year, the company earned $1.58 earnings per share. The business’s revenue for the quarter 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 expect that Seagate Technology Holdings PLC will post 6.83 EPS for the current fiscal year.

Seagate Technology Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 9th. Investors of record on Wednesday, December 24th will be given a $0.74 dividend. This is a boost from Seagate Technology’s previous quarterly dividend of $0.72. The ex-dividend date of this dividend is Wednesday, December 24th. This represents a $2.96 annualized dividend and a yield of 1.1%. Seagate Technology’s payout ratio is currently 36.97%.

Wall Street Analysts Forecast Growth

STX has been the subject of a number of research analyst reports. Barclays raised their target price on Seagate Technology from $200.00 to $240.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 29th. Sanford C. Bernstein set a $275.00 target price on shares of Seagate Technology and gave the company an “outperform” rating in a report on Wednesday, October 29th. Morgan Stanley upped their target price on shares of Seagate Technology from $265.00 to $270.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 29th. Bank of America lifted their price target on shares of Seagate Technology from $255.00 to $275.00 and gave the company a “buy” rating in a research report on Wednesday, October 29th. Finally, Robert W. Baird upped their price objective on shares of Seagate Technology from $188.00 to $270.00 and gave the stock an “outperform” rating in a report on Wednesday, October 29th. One research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Seagate Technology has an average rating of “Moderate Buy” and a consensus price target of $263.18.

Insider Buying and Selling at Seagate Technology

In other Seagate Technology news, EVP Ban Seng Teh sold 1,410 shares of Seagate Technology stock in a transaction on Monday, October 13th. The stock was sold at an average price of $225.56, for a total value of $318,039.60. Following the completion of the sale, the executive vice president owned 18,041 shares of the company’s stock, valued at approximately $4,069,327.96. This trade represents a 7.25% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Kian Fatt Chong sold 7,078 shares of the company’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 SEC filing for this sale provides additional information. In the last quarter, insiders sold 53,418 shares of company stock worth $12,022,230. Insiders own 0.79% of the company’s stock.

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.