1,705 Shares in Seagate Technology Holdings PLC $STX Acquired by Fourpath Capital Management LLC

Key Points

• Fourpath Capital Management LLC acquired 1,705 shares of Seagate Technology, valued at approximately $246,000, marking a new stake in the company.
• Seagate Technology reported a Q2 EPS of $2.59, exceeding analysts' expectations, with a revenue increase of 29.5% year-over-year.
• The company recently announced a quarterly dividend of $0.72 per share, representing an annualized yield of 1.3% and a payout ratio of 42.54%.

Fourpath Capital Management LLC acquired a new stake in shares of Seagate Technology Holdings PLC (NASDAQ:STX - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 1,705 shares of the data storage provider's stock, valued at approximately $246,000.

A number of other institutional investors have also recently bought and sold shares of STX. JPMorgan Chase & Co. grew its holdings in Seagate Technology by 12.9% during the first quarter. JPMorgan Chase & Co. now owns 18,920,792 shares of the data storage provider's stock valued at $1,607,321,000 after purchasing an additional 2,161,191 shares during the period. Wellington Management Group LLP grew its holdings in Seagate Technology by 3,339.4% during the first quarter. Wellington Management Group LLP now owns 933,996 shares of the data storage provider's stock valued at $79,343,000 after purchasing an additional 906,840 shares during the period. 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 valued at $2,441,729,000 after purchasing an additional 769,009 shares during the period. Valley Wealth Managers Inc. acquired a new position in Seagate Technology during the first quarter valued at approximately $17,546,000. Finally, Nuveen LLC acquired a new position in Seagate Technology during the first quarter valued at approximately $17,058,000. Institutional investors and hedge funds own 92.87% of the company's stock.

Seagate Technology Trading Down 3.3%

Shares of STX opened at $214.38 on Friday. Seagate Technology Holdings PLC has a 12 month low of $63.19 and a 12 month high of $264.83. The firm has a fifty day simple moving average of $191.09 and a 200 day simple moving average of $140.39. The stock has a market capitalization of $45.66 billion, a price-to-earnings ratio of 31.67, a PEG ratio of 0.99 and a beta of 1.63.

Seagate Technology (NASDAQ:STX - Get Free Report) last announced its 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. Seagate Technology had a net margin of 16.15% and a negative return on equity of 169.60%. The business had revenue of $2.44 billion during the quarter, compared to analysts' expectations of $2.40 billion. During the same quarter in the prior year, the company posted $1.05 earnings per share. The firm's 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. As a group, research analysts predict that Seagate Technology Holdings PLC will post 6.83 earnings per share for the current fiscal year.

Seagate Technology Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 9th. Investors of record on Tuesday, September 30th were issued a dividend of $0.72 per share. The ex-dividend date was Tuesday, September 30th. This represents a $2.88 annualized dividend and a yield of 1.3%. Seagate Technology's dividend payout ratio is presently 42.54%.

Insider Activity

In other Seagate Technology news, Director Jay L. Geldmacher sold 2,500 shares of the company's stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $150.50, for a total transaction of $376,250.00. Following the sale, the director directly owned 352 shares of the company's stock, valued at approximately $52,976. This represents a 87.66% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP John Christopher Morris sold 377 shares of the company's stock in a transaction on Tuesday, September 16th. The stock was sold at an average price of $211.26, for a total transaction of $79,645.02. Following the sale, the executive vice president directly owned 13,238 shares in the company, valued at $2,796,659.88. This trade represents a 2.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 74,210 shares of company stock valued at $14,146,016. 0.79% of the stock is owned by corporate insiders.

Analyst Ratings Changes

STX has been the subject of a number of analyst reports. 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 report on Wednesday, July 30th. UBS Group upped their price target on shares of Seagate Technology from $85.00 to $155.00 and gave the company a "neutral" rating in a report on Monday, July 21st. Citigroup upped their price target on shares of Seagate Technology from $167.00 to $215.00 and gave the company a "buy" rating in a report on Monday, September 8th. Benchmark upped their price target on shares of Seagate Technology from $165.00 to $250.00 and gave the company a "buy" rating in a report on Tuesday, September 16th. Finally, Bank of America upped their price target on shares of Seagate Technology from $215.00 to $255.00 and gave the company a "buy" rating in a report on Wednesday, September 24th. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $198.58.

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.

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