2,531 Shares in Seagate Technology Holdings PLC $STX Acquired by Valeo Financial Advisors LLC

Key Points

• Valeo Financial Advisors LLC acquired 2,531 shares of Seagate Technology Holdings PLC for about $365,000, signaling institutional interest in the data storage provider.
• Seagate's stock performance includes a 1-year low of $63.19 and a high of $264.83, with shares trading at $221.70 after reporting a quarterly earnings EPS of $2.59.
• The company has declared a quarterly dividend of $0.72, translating to an annualized yield of 1.3%, amid significant institutional ownership of nearly 93% of its stock.

Valeo Financial Advisors LLC purchased a new position in shares of Seagate Technology Holdings PLC (NASDAQ:STX - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 2,531 shares of the data storage provider's stock, valued at approximately $365,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Wayfinding Financial LLC acquired a new position in Seagate Technology during the 1st quarter worth approximately $31,000. Golden State Wealth Management LLC grew its holdings in Seagate Technology by 2,200.0% during the 1st quarter. Golden State Wealth Management LLC now owns 460 shares of the data storage provider's stock worth $39,000 after acquiring an additional 440 shares in the last quarter. Zions Bancorporation National Association UT acquired a new position in Seagate Technology during the 1st quarter worth approximately $42,000. Costello Asset Management INC acquired a new position in Seagate Technology during the 1st quarter worth approximately $47,000. Finally, Brooklyn Investment Group grew its holdings in Seagate Technology by 41.5% during the 1st quarter. Brooklyn Investment Group now owns 702 shares of the data storage provider's stock worth $60,000 after acquiring an additional 206 shares in the last quarter. Institutional investors and hedge funds own 92.87% of the company's stock.

Seagate Technology Price Performance

Shares of NASDAQ:STX opened at $221.70 on Friday. Seagate Technology Holdings PLC has a 1-year low of $63.19 and a 1-year high of $264.83. The stock has a market cap of $47.22 billion, a P/E ratio of 32.75, a P/E/G ratio of 1.00 and a beta of 1.63. The firm has a fifty day moving average price of $189.90 and a 200 day moving average price of $139.52.

Seagate Technology (NASDAQ:STX - Get Free Report) last released 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 company had revenue of $2.44 billion during the quarter, compared to analysts' expectations of $2.40 billion. During the same quarter last year, the business earned $1.05 EPS. The business'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. Sell-side analysts expect that Seagate Technology Holdings PLC will post 6.83 EPS for the current fiscal year.

Seagate Technology Dividend Announcement

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

Analysts Set New Price Targets

Several research firms have commented on STX. Mizuho boosted their price target 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 target on shares of Seagate Technology from $68.00 to $80.00 and gave the stock a "negative" rating in a report on Wednesday, July 30th. Bank of America upped their target price 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. Zacks Research upgraded shares of Seagate Technology from a "hold" rating to a "strong-buy" rating in a report on Thursday, October 2nd. Finally, Citigroup upped their target price 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. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $198.58.

Insider Buying and Selling

In other news, insider James Ci Lee sold 1,116 shares of the stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $153.36, for a total value of $171,149.76. Following the completion of the transaction, the insider owned 257 shares in the company, valued at $39,413.52. This trade represents a 81.28% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Jay L. Geldmacher sold 2,500 shares of the stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $150.50, for a total transaction of $376,250.00. Following the completion of the transaction, the director owned 352 shares of the company's stock, valued at $52,976. This represents a 87.66% 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 worth $14,146,016. 0.79% of the stock is currently owned by insiders.

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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