Trust Co. of Toledo NA OH Takes $57,000 Position in Seagate Technology Holdings PLC $STX

Trust Co. of Toledo NA OH acquired a new stake in Seagate Technology Holdings PLC (NASDAQ:STX) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 395 shares of the data storage provider’s stock, valued at approximately $57,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Personal CFO Solutions LLC bought a new position in Seagate Technology during the first quarter worth about $223,000. Amalgamated Bank boosted its position in Seagate Technology by 0.8% during the first quarter. Amalgamated Bank now owns 29,964 shares of the data storage provider’s stock worth $2,545,000 after purchasing an additional 243 shares during the period. Retirement Planning Co of New England Inc. bought a new position in Seagate Technology during the first quarter worth $272,000. Alps Advisors Inc. boosted its position in Seagate Technology by 10.2% during the first quarter. Alps Advisors Inc. now owns 278,831 shares of the data storage provider’s stock worth $23,687,000 after purchasing an additional 25,817 shares during the period. Finally, FARMERS & MERCHANTS TRUST Co OF LONG BEACH bought a new position in Seagate Technology during the second quarter worth $322,000. Institutional investors own 92.87% of the company’s stock.

Insider Transactions at Seagate Technology

In other news, insider James Ci Lee sold 3,509 shares of the stock in a transaction dated Thursday, July 31st. The shares were sold at an average price of $154.74, for a total value of $542,982.66. Following the completion of the transaction, the insider owned 1,288 shares of the company’s stock, valued at approximately $199,305.12. This represents a 73.15% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP John Christopher Morris sold 15,347 shares of the stock in a transaction dated 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. The disclosure for this sale can be found here. In the last three months, insiders have sold 74,210 shares of company stock valued at $14,146,016. 0.79% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on STX. Mizuho lifted their target price on shares of Seagate Technology from $160.00 to $245.00 and gave the stock an “outperform” rating in a report on Friday, September 19th. Susquehanna boosted their price objective on Seagate Technology from $68.00 to $80.00 and gave the stock a “negative” rating in a report on Wednesday, July 30th. Wells Fargo & Company boosted their price objective on Seagate Technology from $122.00 to $160.00 and gave the stock an “equal weight” rating in a report on Thursday, July 17th. UBS Group boosted their price objective on Seagate Technology from $85.00 to $155.00 and gave the stock a “neutral” rating in a report on Monday, July 21st. Finally, Bank of America boosted their price target on Seagate Technology from $215.00 to $255.00 and gave the company a “buy” rating in a research note on Wednesday, September 24th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $198.58.

Seagate Technology Stock Down 3.3%

STX opened at $214.38 on Monday. Seagate Technology Holdings PLC has a twelve month low of $63.19 and a twelve month high of $264.83. The company has a 50-day simple moving average of $191.09 and a 200 day simple moving average of $141.13. The stock has a market capitalization of $45.66 billion, a price-to-earnings ratio of 31.67, a P/E/G ratio of 0.96 and a beta of 1.63.

Seagate Technology (NASDAQ:STX) last released its earnings results on Tuesday, July 29th. The data storage provider reported $2.59 earnings per share for the quarter, topping the consensus estimate of $2.45 by $0.14. Seagate Technology had a negative return on equity of 169.60% and a net margin of 16.15%.The firm had revenue of $2.44 billion during the quarter, compared to analysts’ expectations of $2.40 billion. During the same period in the prior year, the company earned $1.05 earnings per share. The company’s quarterly revenue was up 29.5% on a year-over-year basis. Seagate Technology has set its Q1 2026 guidance at 2.100-2.500 EPS. Sell-side analysts anticipate that Seagate Technology Holdings PLC will post 6.83 EPS for the current fiscal year.

Seagate Technology Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 9th. Stockholders of record on Tuesday, September 30th were issued a $0.72 dividend. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a $2.88 dividend on an annualized basis and a dividend yield of 1.3%. Seagate Technology’s dividend payout ratio is 42.54%.

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.