Talos Eurisko Asset Management LP Reduces Stock Holdings in Seagate Technology Holdings PLC $STX

Talos Eurisko Asset Management LP trimmed its stake in Seagate Technology Holdings PLC (NASDAQ:STX) by 13.4% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 157,100 shares of the data storage provider’s stock after selling 24,300 shares during the period. Seagate Technology accounts for 5.4% of Talos Eurisko Asset Management LP’s portfolio, making the stock its 10th largest position. Talos Eurisko Asset Management LP’s holdings in Seagate Technology were worth $22,674,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Salvus Wealth Management LLC grew its stake in Seagate Technology by 2.0% in the second quarter. Salvus Wealth Management LLC now owns 3,416 shares of the data storage provider’s stock valued at $493,000 after purchasing an additional 68 shares during the last quarter. GoalVest Advisory LLC boosted its holdings in shares of Seagate Technology by 30.6% in the 2nd quarter. GoalVest Advisory LLC now owns 320 shares of the data storage provider’s stock valued at $46,000 after buying an additional 75 shares in the last quarter. Angeles Wealth Management LLC boosted its holdings in shares of Seagate Technology by 2.2% in the 2nd quarter. Angeles Wealth Management LLC now owns 3,485 shares of the data storage provider’s stock valued at $503,000 after buying an additional 76 shares in the last quarter. Bessemer Group Inc. grew its position in shares of Seagate Technology by 3.3% in the 2nd quarter. Bessemer Group Inc. now owns 2,502 shares of the data storage provider’s stock worth $361,000 after buying an additional 81 shares during the last quarter. Finally, Moody National Bank Trust Division raised its stake in shares of Seagate Technology by 2.0% during the 2nd quarter. Moody National Bank Trust Division now owns 4,625 shares of the data storage provider’s stock worth $668,000 after acquiring an additional 89 shares in the last quarter. Institutional investors own 92.87% of the company’s stock.

Analysts Set New Price Targets

STX has been the subject of several recent analyst reports. Evercore ISI raised their target price 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. Fox Advisors increased their price objective on Seagate Technology from $245.00 to $270.00 in a report on Wednesday, October 29th. Wedbush boosted their target price on Seagate Technology from $260.00 to $290.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 29th. Loop Capital upped their target price on Seagate Technology from $350.00 to $465.00 and gave the company a “buy” rating in a research report on Monday, November 10th. Finally, Barclays increased their price target on Seagate Technology from $200.00 to $240.00 and gave the company 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 issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $281.36.

Seagate Technology Price Performance

Shares of STX stock opened at $253.86 on Wednesday. The business has a fifty day moving average of $236.72 and a 200 day moving average of $174.04. Seagate Technology Holdings PLC has a 1 year low of $63.19 and a 1 year high of $297.88. The firm has a market capitalization of $54.21 billion, a price-to-earnings ratio of 32.59, a price-to-earnings-growth ratio of 1.17 and a beta of 1.63.

Seagate Technology (NASDAQ:STX) last announced its quarterly earnings data on Tuesday, October 28th. The data storage provider reported $2.61 earnings per share for the quarter, beating analysts’ consensus estimates of $2.40 by $0.21. Seagate Technology had a negative return on equity of 297.87% and a net margin of 17.92%.The business had revenue of $2.63 billion for the quarter, compared to analyst estimates of $2.54 billion. During the same period in the prior year, the company earned $1.58 earnings per share. The company’s revenue was up 21.3% on a year-over-year basis. Seagate Technology has set its Q2 2026 guidance at 2.550-2.950 EPS. As a group, equities research analysts expect that Seagate Technology Holdings PLC will post 6.83 earnings per share for the current year.

Seagate Technology Increases Dividend

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

Insider Buying and Selling at Seagate Technology

In related news, CFO Gianluca Romano sold 54,021 shares of the firm’s stock in a transaction on Wednesday, November 12th. The shares were sold at an average price of $285.16, for a total transaction of $15,404,628.36. Following the completion of the transaction, the chief financial officer owned 56,293 shares of the company’s stock, valued at $16,052,511.88. This trade represents a 48.97% decrease in their ownership of the stock. 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 company’s stock in a transaction on Wednesday, November 5th. The shares were 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 directly owned 12,041 shares in the company, valued at approximately $3,251,070. The trade was a 33.26% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 131,261 shares of company stock worth $34,210,708. Corporate insiders own 0.79% of the company’s stock.

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.