Prospera Financial Services Inc Makes New $1.47 Million Investment in Seagate Technology Holdings PLC $STX

Prospera Financial Services Inc purchased a new position in Seagate Technology Holdings PLC (NASDAQ:STX) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 10,172 shares of the data storage provider’s stock, valued at approximately $1,468,000.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its stake in shares of Seagate Technology by 2.7% in the 1st quarter. Vanguard Group Inc. now owns 28,743,126 shares of the data storage provider’s stock valued at $2,441,729,000 after purchasing an additional 769,009 shares in the last quarter. JPMorgan Chase & Co. grew its stake in Seagate Technology by 12.9% in the first quarter. JPMorgan Chase & Co. now owns 18,920,792 shares of the data storage provider’s stock worth $1,607,321,000 after purchasing an additional 2,161,191 shares in the last quarter. Invesco Ltd. increased its holdings in Seagate Technology by 3.6% in the first quarter. Invesco Ltd. now owns 2,861,418 shares of the data storage provider’s stock valued at $243,077,000 after buying an additional 99,884 shares during the last quarter. Royal Bank of Canada raised its stake in Seagate Technology by 0.8% during the first quarter. Royal Bank of Canada now owns 1,628,941 shares of the data storage provider’s stock valued at $138,378,000 after buying an additional 12,424 shares in the last quarter. Finally, Deutsche Bank AG lifted its holdings in Seagate Technology by 4.5% during the 1st quarter. Deutsche Bank AG now owns 1,181,460 shares of the data storage provider’s stock worth $100,365,000 after buying an additional 50,699 shares during the last quarter. 92.87% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

STX has been the subject of a number of research reports. Barclays lifted their price objective on shares of Seagate Technology from $200.00 to $240.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 29th. Fox Advisors raised their price target on Seagate Technology from $245.00 to $270.00 in a report on Wednesday, October 29th. Mizuho upped their price objective on Seagate Technology from $245.00 to $280.00 and gave the stock an “outperform” rating in a research note on Friday, October 17th. Bank of America increased their target price on Seagate Technology from $255.00 to $275.00 and gave the stock a “buy” rating in a research report on Wednesday, October 29th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Seagate Technology in a report on Wednesday, October 8th. Two research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Seagate Technology has an average rating of “Moderate Buy” and a consensus price target of $281.36.

Seagate Technology Stock Performance

Shares of STX opened at $288.00 on Wednesday. Seagate Technology Holdings PLC has a one year low of $63.19 and a one year high of $296.15. The stock’s fifty day moving average is $228.92 and its 200-day moving average is $167.84. The firm has a market capitalization of $61.50 billion, a price-to-earnings ratio of 36.97, a price-to-earnings-growth ratio of 1.17 and a beta of 1.63.

Seagate Technology (NASDAQ:STX) last announced its earnings results on Tuesday, October 28th. The data storage provider reported $2.61 earnings per share (EPS) for the quarter, beating 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 quarter in the prior year, the firm posted $1.58 EPS. Seagate Technology’s 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. Analysts forecast that Seagate Technology Holdings PLC will post 6.83 EPS for the current fiscal year.

Seagate Technology Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 9th. Stockholders of record on Wednesday, December 24th will be given a dividend of $0.74 per share. This is a boost from Seagate Technology’s previous quarterly dividend of $0.72. The ex-dividend date is Wednesday, December 24th. This represents a $2.96 annualized dividend and a dividend yield of 1.0%. Seagate Technology’s payout ratio is 38.00%.

Insider Activity at Seagate Technology

In related news, CEO William D. Mosley sold 20,000 shares of Seagate Technology stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $262.82, for a total transaction of $5,256,400.00. Following the transaction, the chief executive officer directly owned 465,668 shares of the company’s stock, valued at $122,386,863.76. The trade was a 4.12% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Ban Seng Teh sold 6,000 shares of the business’s stock in a transaction dated Wednesday, November 5th. The stock was sold at an average price of $270.00, for a total transaction of $1,620,000.00. Following the completion of the sale, the executive vice president owned 12,041 shares in the company, valued at approximately $3,251,070. This trade represents a 33.26% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 77,240 shares of company stock worth $18,806,080 in the last quarter. Company insiders own 0.79% of the company’s stock.

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.