Olistico Wealth LLC Buys New Position in Seagate Technology Holdings PLC $STX

Olistico Wealth LLC purchased a new position in shares of Seagate Technology Holdings PLC (NASDAQ:STX) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 470 shares of the data storage provider’s stock, valued at approximately $68,000.

Several other hedge funds have also made changes to their positions in the business. Wealth Enhancement Advisory Services LLC grew its position in shares of Seagate Technology by 14.4% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 14,511 shares of the data storage provider’s stock worth $1,252,000 after buying an additional 1,832 shares in the last quarter. Rhumbline Advisers lifted its stake in Seagate Technology by 11.8% in the first quarter. Rhumbline Advisers now owns 245,734 shares of the data storage provider’s stock worth $20,875,000 after acquiring an additional 25,869 shares during the last quarter. Merit Financial Group LLC acquired a new position in Seagate Technology during the 1st quarter worth approximately $223,000. Vest Financial LLC increased its position in shares of Seagate Technology by 43.7% in the 1st quarter. Vest Financial LLC now owns 7,112 shares of the data storage provider’s stock valued at $604,000 after purchasing an additional 2,162 shares during the last quarter. Finally, Park Avenue Securities LLC raised its holdings in shares of Seagate Technology by 5.0% in the 1st quarter. Park Avenue Securities LLC now owns 6,313 shares of the data storage provider’s stock valued at $536,000 after purchasing an additional 301 shares in the last quarter. Institutional investors and hedge funds own 92.87% of the company’s stock.

Insider Activity at Seagate Technology

In other news, Director Jay L. Geldmacher sold 2,500 shares of the firm’s stock in a transaction that occurred on Wednesday, August 6th. The shares were sold at an average price of $150.50, for a total transaction of $376,250.00. Following the completion of the sale, the director owned 352 shares of the company’s stock, valued at approximately $52,976. This trade represents a 87.66% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider James Ci Lee sold 3,509 shares of the stock in a transaction on Thursday, July 31st. The shares were sold at an average price of $154.74, for a total transaction of $542,982.66. Following the transaction, the insider owned 1,288 shares in the company, valued at $199,305.12. This trade represents a 73.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 75,935 shares of company stock worth $14,394,416. 0.79% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. Robert W. Baird boosted their target price on shares of Seagate Technology from $120.00 to $188.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 30th. Bank of America upped their price objective on Seagate Technology from $215.00 to $255.00 and gave the stock a “buy” rating in a research report on Wednesday, September 24th. Rosenblatt Securities increased their price objective on Seagate Technology from $200.00 to $250.00 and gave the company a “buy” rating in a report on Monday, September 29th. Barclays upped their target price on Seagate Technology from $180.00 to $200.00 and gave the company an “equal weight” rating in a research report on Thursday, September 11th. Finally, Benchmark upped their target price on shares of Seagate Technology from $165.00 to $250.00 and gave the company a “buy” rating in a report on Tuesday, September 16th. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Seagate Technology currently has a consensus rating of “Moderate Buy” and a consensus price target of $193.32.

Seagate Technology Trading Down 0.8%

Shares of STX opened at $252.79 on Friday. Seagate Technology Holdings PLC has a twelve month low of $63.19 and a twelve month high of $264.83. The stock’s fifty day simple moving average is $183.78 and its 200 day simple moving average is $135.99. The firm has a market capitalization of $53.84 billion, a P/E ratio of 37.34, a price-to-earnings-growth ratio of 1.13 and a beta of 1.63.

Seagate Technology (NASDAQ:STX) last posted its earnings results on Tuesday, July 29th. The data storage provider reported $2.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.45 by $0.14. The business had revenue of $2.44 billion during the quarter, compared to analyst estimates of $2.40 billion. Seagate Technology had a negative return on equity of 169.60% and a net margin of 16.15%.The company’s revenue for the quarter was up 29.5% compared to the same quarter last year. During the same quarter last year, the firm earned $1.05 earnings per share. Seagate Technology has set its Q1 2026 guidance at 2.100-2.500 EPS. Sell-side analysts predict that Seagate Technology Holdings PLC will post 6.83 earnings per share for the current year.

Seagate Technology Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 9th. Shareholders of record on Tuesday, September 30th will be given a $0.72 dividend. This represents a $2.88 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend is Tuesday, September 30th. Seagate Technology’s dividend payout ratio is presently 42.54%.

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.