M&G PLC Boosts Stock Position in Seagate Technology Holdings PLC $STX

M&G PLC raised its holdings in Seagate Technology Holdings PLC (NASDAQ:STX) by 3.9% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 483,158 shares of the data storage provider’s stock after purchasing an additional 18,063 shares during the quarter. M&G PLC’s holdings in Seagate Technology were worth $69,575,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Insider Buying and Selling at Seagate Technology

In other Seagate Technology news, EVP Kian Fatt Chong sold 7,078 shares of the business’s stock in a transaction that occurred on Thursday, October 30th. The stock was sold at an average price of $272.14, for a total value of $1,926,206.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Stephanie Tilenius sold 2,046 shares of the stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $266.41, for a total transaction of $545,074.86. Following the sale, the director directly owned 12,244 shares of the company’s stock, valued at $3,261,924.04. The trade was a 14.32% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 77,240 shares of company stock worth $18,806,080 over the last quarter. Company insiders own 0.79% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on STX shares. Evercore ISI boosted their target price on Seagate Technology from $160.00 to $330.00 and gave the company an “outperform” rating in a research note on Monday, October 13th. TD Cowen boosted their price objective on Seagate Technology from $270.00 to $340.00 and gave the company a “buy” rating in a research note on Tuesday. Loop Capital increased their target price on shares of Seagate Technology from $350.00 to $465.00 and gave the stock a “buy” rating in a research report on Monday. Bank of America boosted their price objective on shares of Seagate Technology from $255.00 to $275.00 and gave the company a “buy” rating in a research note on Wednesday, October 29th. Finally, BNP Paribas Exane cut their price target on shares of Seagate Technology from $240.00 to $230.00 and set a “neutral” rating for the company in a report on Wednesday, October 29th. Two investment analysts have 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 stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $281.36.

Seagate Technology Price Performance

STX stock opened at $288.00 on Wednesday. The firm has a 50 day simple moving average of $228.92 and a two-hundred day simple moving average of $167.84. The stock has a market cap of $61.50 billion, a PE ratio of 36.97, a P/E/G 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 $296.15.

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

Seagate Technology Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 9th. Investors of record on Wednesday, December 24th will be given a dividend of $0.74 per share. This represents a $2.96 annualized dividend and a yield of 1.0%. The ex-dividend date is Wednesday, December 24th. This is a positive change from Seagate Technology’s previous quarterly dividend of $0.72. Seagate Technology’s dividend payout ratio is 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.