1,540 Shares in Seagate Technology Holdings PLC $STX Bought by Axxcess Wealth Management LLC

Key Points

• Axxcess Wealth Management LLC acquired 1,540 shares of Seagate Technology Holdings PLC, valued at approximately $222,000, during Q2, as per their 13F filing with the SEC.
• Seagate Technology recently announced quarterly earnings of $2.59 EPS, exceeding estimates, with quarterly revenue reported at $2.44 billion, marking a 29.5% increase from the previous year.
• The company declared a quarterly dividend of $0.72, with an annualized yield of 1.3%, and has an estimated price target of $229.40 from analysts.

Axxcess Wealth Management LLC purchased a new position in Seagate Technology Holdings PLC (NASDAQ:STX - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 1,540 shares of the data storage provider's stock, valued at approximately $222,000.

Several other large investors also recently bought and sold shares of the business. Vanguard Group Inc. increased its position in Seagate Technology by 2.7% in 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 purchasing an additional 769,009 shares during the last quarter. JPMorgan Chase & Co. increased its position in Seagate Technology by 12.9% in the first 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. increased its position in Seagate Technology by 3.6% in the first 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 during the last quarter. Royal Bank of Canada increased its position in Seagate Technology by 0.8% in the first quarter. Royal Bank of Canada now owns 1,628,941 shares of the data storage provider's stock worth $138,378,000 after purchasing an additional 12,424 shares during the last quarter. Finally, Deutsche Bank AG increased its position in Seagate Technology by 4.5% in the first quarter. Deutsche Bank AG now owns 1,181,460 shares of the data storage provider's stock worth $100,365,000 after purchasing an additional 50,699 shares during the last quarter. Institutional investors own 92.87% of the company's stock.

Seagate Technology Price Performance

STX stock opened at $225.40 on Friday. The company has a market capitalization of $48.00 billion, a PE ratio of 33.29, a P/E/G ratio of 1.01 and a beta of 1.63. Seagate Technology Holdings PLC has a 12 month low of $63.19 and a 12 month high of $264.83. The firm's 50-day moving average is $198.09 and its 200 day moving average is $145.45.

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

Seagate Technology Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, October 9th. Investors of record on Tuesday, September 30th were paid a $0.72 dividend. This represents a $2.88 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend was Tuesday, September 30th. Seagate Technology's dividend payout ratio (DPR) is currently 42.54%.

Insider Buying and Selling

In other Seagate Technology news, CEO William D. Mosley sold 20,000 shares of the stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $249.90, for a total transaction of $4,998,000.00. Following the transaction, the chief executive officer directly owned 485,668 shares in the company, valued at $121,368,433.20. This represents a 3.96% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Ban Seng Teh sold 5,905 shares of the stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $155.00, for a total transaction of $915,275.00. Following the transaction, the executive vice president owned 6,147 shares in the company, valued at approximately $952,785. The trade was a 49.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 75,620 shares of company stock worth $14,464,056 over the last ninety days. 0.79% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Weiss Ratings reiterated a "buy (b-)" rating on shares of Seagate Technology in a research report on Wednesday, October 8th. Wells Fargo & Company boosted their price objective on shares of Seagate Technology from $160.00 to $240.00 and gave the company an "equal weight" rating in a research report on Monday, October 13th. Evercore ISI boosted their price objective on shares of Seagate Technology from $160.00 to $330.00 and gave the company an "outperform" rating in a research report on Monday, October 13th. Susquehanna boosted their price objective on shares of Seagate Technology from $68.00 to $80.00 and gave the company a "negative" rating in a research report on Wednesday, July 30th. Finally, Mizuho boosted their price objective on shares of Seagate Technology from $245.00 to $280.00 and gave the company an "outperform" rating in a research report on Friday. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Seagate Technology currently has an average rating of "Moderate Buy" and a consensus price target of $229.40.

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.

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