Seagate Technology Holdings PLC $STX Shares Sold by Richard W. Paul & Associates LLC

Richard W. Paul & Associates LLC lessened its holdings in shares of Seagate Technology Holdings PLC (NASDAQ:STX) by 9.5% in the second quarter, Holdings Channel reports. The firm owned 8,459 shares of the data storage provider’s stock after selling 886 shares during the period. Richard W. Paul & Associates LLC’s holdings in Seagate Technology were worth $1,221,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the business. CWM LLC increased its position in shares of Seagate Technology by 14.0% in the first quarter. CWM LLC now owns 3,691 shares of the data storage provider’s stock worth $314,000 after acquiring an additional 454 shares in the last quarter. Teachers Retirement System of The State of Kentucky increased its holdings in Seagate Technology by 6.7% in the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 16,304 shares of the data storage provider’s stock valued at $1,385,000 after purchasing an additional 1,027 shares in the last quarter. KLP Kapitalforvaltning AS raised its position in Seagate Technology by 14.5% in the first quarter. KLP Kapitalforvaltning AS now owns 75,195 shares of the data storage provider’s stock valued at $6,442,000 after purchasing an additional 9,500 shares during the period. Venturi Wealth Management LLC raised its position in Seagate Technology by 42.0% in the first quarter. Venturi Wealth Management LLC now owns 3,052 shares of the data storage provider’s stock valued at $259,000 after purchasing an additional 902 shares during the period. Finally, Avantax Advisory Services Inc. boosted its position in shares of Seagate Technology by 15.1% in the first quarter. Avantax Advisory Services Inc. now owns 16,162 shares of the data storage provider’s stock worth $1,373,000 after buying an additional 2,122 shares during the period. Hedge funds and other institutional investors own 92.87% of the company’s stock.

Seagate Technology Price Performance

Shares of STX stock opened at $237.49 on Friday. The firm has a fifty day moving average of $239.75 and a two-hundred day moving average of $176.09. The firm has a market cap of $50.72 billion, a P/E ratio of 30.49, a P/E/G ratio of 1.17 and a beta of 1.63. Seagate Technology Holdings PLC has a 1-year low of $63.19 and a 1-year high of $297.88.

Seagate Technology (NASDAQ:STX) last issued 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. The business had revenue of $2.63 billion for the quarter, compared to analysts’ expectations of $2.54 billion. Seagate Technology had a net margin of 17.92% and a negative return on equity of 297.87%. The company’s quarterly revenue was up 21.3% compared to the same quarter last year. During the same quarter last year, the company posted $1.58 earnings per share. Seagate Technology has set its Q2 2026 guidance at 2.550-2.950 EPS. On average, sell-side analysts expect that Seagate Technology Holdings PLC will post 6.83 EPS for the current year.

Seagate Technology Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 9th. Stockholders of record on Wednesday, December 24th will be given a $0.74 dividend. This represents a $2.96 annualized dividend and a dividend yield of 1.2%. 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 payout ratio is 38.00%.

Insiders Place Their Bets

In related news, CFO Gianluca Romano sold 54,021 shares of the company’s stock in a transaction that occurred on Wednesday, November 12th. The stock was sold at an average price of $285.16, for a total transaction of $15,404,628.36. Following the sale, the chief financial officer directly owned 56,293 shares of the company’s stock, valued at approximately $16,052,511.88. This represents a 48.97% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Jay L. Geldmacher sold 1,250 shares of Seagate Technology stock in a transaction on Friday, October 31st. The stock was sold at an average price of $269.10, for a total transaction of $336,375.00. Following the completion of the transaction, the director directly owned 1,148 shares of the company’s stock, valued at approximately $308,926.80. This represents a 52.13% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 131,261 shares of company stock worth $34,210,708. Corporate insiders own 0.79% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Loop Capital raised their target price on Seagate Technology from $350.00 to $465.00 and gave the company a “buy” rating in a report on Monday, November 10th. Benchmark increased their price objective on shares of Seagate Technology from $250.00 to $255.00 and gave the company a “buy” rating in a research report on Wednesday, October 29th. Weiss Ratings reiterated a “buy (b)” rating on shares of Seagate Technology in a research note on Wednesday. Wells Fargo & Company upped their target price on shares of Seagate Technology from $240.00 to $250.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 29th. Finally, Barclays lifted their price target on shares of Seagate Technology from $200.00 to $240.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 29th. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $283.41.

Seagate Technology Company 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.