Teacher Retirement System of Texas Grows Stake in Seagate Technology Holdings PLC $STX

Teacher Retirement System of Texas increased its stake in Seagate Technology Holdings PLC (NASDAQ:STX) by 4.0% in the 2nd quarter, HoldingsChannel reports. The fund owned 32,143 shares of the data storage provider’s stock after acquiring an additional 1,229 shares during the period. Teacher Retirement System of Texas’ holdings in Seagate Technology were worth $4,639,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in STX. Harbor Asset Planning Inc. purchased a new position in Seagate Technology in the second quarter worth about $27,000. Wayfinding Financial LLC purchased a new position in Seagate Technology in the first quarter worth about $31,000. Zions Bancorporation National Association UT bought a new position in shares of Seagate Technology during the first quarter valued at approximately $42,000. GoalVest Advisory LLC grew its stake in shares of Seagate Technology by 30.6% during the second 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 during the last quarter. Finally, Costello Asset Management INC bought a new position in shares of Seagate Technology during the first quarter valued at approximately $47,000. Hedge funds and other institutional investors own 92.87% of the company’s stock.

Wall Street Analyst Weigh In

STX has been the topic of a number of analyst reports. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $280.00 target price on shares of Seagate Technology in a research note on Wednesday. Robert W. Baird increased their target price on Seagate Technology from $188.00 to $270.00 and gave the stock an “outperform” rating in a research note on Wednesday. Fox Advisors increased their target price on Seagate Technology from $245.00 to $270.00 in a research note on Wednesday. Evercore ISI increased their target price on Seagate Technology from $160.00 to $330.00 and gave the stock an “outperform” rating in a research note on Monday, October 13th. Finally, Loop Capital increased their target price on Seagate Technology from $200.00 to $350.00 and gave the stock a “buy” rating in a research note on Thursday, October 16th. One analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $263.18.

Insider Buying and Selling at Seagate Technology

In related news, CEO William D. Mosley sold 20,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of $249.90, for a total value of $4,998,000.00. Following the completion of the transaction, the chief executive officer owned 485,668 shares of the company’s stock, valued at $121,368,433.20. The trade was a 3.96% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP John Christopher Morris sold 15,347 shares of the business’s stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $195.80, for a total transaction of $3,004,942.60. Following the completion of the transaction, the executive vice president directly owned 9,843 shares of the company’s stock, valued at $1,927,259.40. This trade represents a 60.92% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 45,090 shares of company stock worth $9,759,648. 0.79% of the stock is currently owned by corporate insiders.

Seagate Technology Stock Performance

Seagate Technology stock opened at $255.88 on Friday. The company has a 50 day moving average price of $213.78 and a 200-day moving average price of $156.88. Seagate Technology Holdings PLC has a fifty-two week low of $63.19 and a fifty-two week high of $280.35. The company has a market capitalization of $54.49 billion, a PE ratio of 32.85, a P/E/G ratio of 1.17 and a beta of 1.63.

Seagate Technology (NASDAQ:STX) last posted its quarterly earnings results 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 during the quarter, compared to the consensus estimate of $2.54 billion. During the same quarter in the previous year, the firm posted $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. On average, analysts forecast that Seagate Technology Holdings PLC will post 6.83 earnings per share for the current year.

Seagate Technology Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 9th. Investors of record on Wednesday, December 24th will be paid a $0.74 dividend. This represents a $2.96 dividend on an annualized basis and a yield of 1.2%. This is a positive change from Seagate Technology’s previous quarterly dividend of $0.72. The ex-dividend date of this dividend is Wednesday, December 24th. Seagate Technology’s payout ratio is presently 36.97%.

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.