Seagate Technology Holdings PLC $STX Stock Holdings Boosted by Forsta AP Fonden

Forsta AP Fonden grew its position in shares of Seagate Technology Holdings PLC (NASDAQ:STX) by 0.7% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 44,000 shares of the data storage provider’s stock after purchasing an additional 300 shares during the quarter. Forsta AP Fonden’s holdings in Seagate Technology were worth $6,351,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of STX. Vanguard Group Inc. grew its holdings in Seagate Technology by 2.7% during the first quarter. Vanguard Group Inc. now owns 28,743,126 shares of the data storage provider’s stock worth $2,441,729,000 after acquiring an additional 769,009 shares during the period. JPMorgan Chase & Co. grew its stake in shares of Seagate Technology by 12.9% in the 1st 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 during the last quarter. Invesco Ltd. raised its holdings in shares of Seagate Technology by 3.6% in the 1st quarter. Invesco Ltd. now owns 2,861,418 shares of the data storage provider’s stock worth $243,077,000 after purchasing an additional 99,884 shares in the last quarter. Royal Bank of Canada lifted 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 purchasing an additional 12,424 shares during the last quarter. Finally, Boston Partners bought a new stake in Seagate Technology during the second quarter worth approximately $193,500,000. Institutional investors and hedge funds own 92.87% of the company’s stock.

Seagate Technology Price Performance

NASDAQ STX opened at $258.21 on Friday. The firm has a market capitalization of $55.14 billion, a price-to-earnings ratio of 33.15, a price-to-earnings-growth ratio of 1.17 and a beta of 1.63. The company has a 50 day simple moving average of $234.03 and a 200-day simple moving average of $170.52. Seagate Technology Holdings PLC has a 52-week low of $63.19 and a 52-week high of $297.88.

Seagate Technology (NASDAQ:STX) last released its quarterly earnings data on Tuesday, October 28th. The data storage provider reported $2.61 earnings per share for the quarter, beating 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 firm had revenue of $2.63 billion for the quarter, compared to analyst estimates of $2.54 billion. During the same quarter in the prior year, the business earned $1.58 EPS. The company’s revenue for the quarter 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, analysts predict that Seagate Technology Holdings PLC will post 6.83 EPS for the current 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 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 1.1%. This is a positive change from Seagate Technology’s previous quarterly dividend of $0.72. Seagate Technology’s dividend payout ratio is presently 38.00%.

Analysts Set New Price Targets

A number of brokerages have recently commented on STX. Wells Fargo & Company increased their price objective on Seagate Technology from $240.00 to $250.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 29th. Sanford C. Bernstein increased their price target on Seagate Technology from $275.00 to $370.00 and gave the company an “outperform” rating in a research report on Thursday, November 6th. Cantor Fitzgerald boosted their price objective on Seagate Technology from $280.00 to $400.00 and gave the stock an “overweight” rating in a report on Thursday, November 6th. Argus raised their target price on shares of Seagate Technology from $170.00 to $300.00 and gave the stock a “strong-buy” rating in a report on Thursday, October 30th. Finally, Susquehanna boosted their price target on shares of Seagate Technology from $80.00 to $150.00 and gave the company a “negative” rating in a report on Wednesday, October 29th. Two 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 stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $281.36.

Insider Transactions at Seagate Technology

In other Seagate Technology news, EVP Ban Seng Teh sold 6,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 5th. The shares were sold at an average price of $270.00, for a total value of $1,620,000.00. Following the completion of the sale, the executive vice president directly owned 12,041 shares of the company’s stock, valued at $3,251,070. The trade was a 33.26% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Stephanie Tilenius sold 2,046 shares of the stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $266.41, for a total transaction of $545,074.86. Following the transaction, the director directly owned 12,244 shares in the company, valued at $3,261,924.04. The trade was a 14.32% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 131,261 shares of company stock valued at $34,210,708. Insiders own 0.79% of the company’s stock.

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.