Seagate Technology Holdings PLC $STX Holdings Lifted by Personal CFO Solutions LLC

Personal CFO Solutions LLC increased its position in shares of Seagate Technology Holdings PLC (NASDAQ:STX) by 14.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,992 shares of the data storage provider’s stock after acquiring an additional 370 shares during the period. Personal CFO Solutions LLC’s holdings in Seagate Technology were worth $432,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of STX. Harbor Asset Planning Inc. acquired a new position in shares of Seagate Technology in the 2nd quarter worth approximately $27,000. MTM Investment Management LLC bought a new stake in Seagate Technology during the second quarter worth approximately $29,000. GoalVest Advisory LLC boosted its holdings in Seagate Technology by 30.6% during the second quarter. GoalVest Advisory LLC now owns 320 shares of the data storage provider’s stock worth $46,000 after buying an additional 75 shares in the last quarter. Trust Co. of Toledo NA OH acquired a new position in Seagate Technology in the second quarter worth approximately $57,000. Finally, Bruce G. Allen Investments LLC increased its holdings in shares of Seagate Technology by 28.1% in the second quarter. Bruce G. Allen Investments LLC now owns 419 shares of the data storage provider’s stock valued at $60,000 after buying an additional 92 shares in the last quarter. 92.87% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Robert W. Baird raised their price objective on Seagate Technology from $188.00 to $270.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 29th. Citigroup increased their price target on Seagate Technology from $250.00 to $275.00 and gave the company a “buy” rating in a research report on Wednesday, October 29th. UBS Group dropped their price target on Seagate Technology from $235.00 to $230.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 29th. Evercore ISI upped their price objective on shares of Seagate Technology from $160.00 to $330.00 and gave the company an “outperform” rating in a research note on Monday, October 13th. Finally, Fox Advisors lifted their target price on shares of Seagate Technology from $245.00 to $270.00 in a research report on Wednesday, October 29th. Two research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $283.41.

Insiders Place Their Bets

In other Seagate Technology news, CFO Gianluca Romano sold 54,021 shares of the company’s stock in a transaction dated Wednesday, November 12th. The stock was sold at an average price of $285.16, for a total value of $15,404,628.36. Following the transaction, the chief financial officer directly owned 56,293 shares of the company’s stock, valued at $16,052,511.88. This represents a 48.97% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Ban Seng Teh sold 6,000 shares of the firm’s stock in a transaction dated Wednesday, November 5th. The stock was sold at an average price of $270.00, for a total value of $1,620,000.00. Following the sale, the executive vice president directly owned 12,041 shares of the company’s stock, valued at $3,251,070. This trade represents a 33.26% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 131,261 shares of company stock valued at $34,210,708 in the last three months. Company insiders own 0.79% of the company’s stock.

Seagate Technology Price Performance

NASDAQ:STX opened at $237.49 on Friday. The stock has a market cap of $50.72 billion, a PE ratio of 30.49, a price-to-earnings-growth ratio of 1.17 and a beta of 1.63. Seagate Technology Holdings PLC has a fifty-two week low of $63.19 and a fifty-two week high of $297.88. The stock’s 50-day moving average is $239.75 and its two-hundred day moving average is $176.09.

Seagate Technology (NASDAQ:STX) last posted its quarterly earnings results on Tuesday, October 28th. The data storage provider reported $2.61 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 last year, the company posted $1.58 earnings per share. The firm’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 research analysts anticipate that Seagate Technology Holdings PLC will post 6.83 earnings per share for the current year.

Seagate Technology Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 9th. Stockholders of record on Wednesday, December 24th will be issued a dividend of $0.74 per share. The ex-dividend date is Wednesday, December 24th. This represents a $2.96 annualized dividend and a dividend yield of 1.2%. This is an increase from Seagate Technology’s previous quarterly dividend of $0.72. Seagate Technology’s dividend payout ratio is presently 38.00%.

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.