Amundi Has $34.35 Million Stake in Seagate Technology Holdings PLC $STX

Amundi lessened its stake in Seagate Technology Holdings PLC (NASDAQ:STX - Free Report) by 8.5% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 404,327 shares of the data storage provider's stock after selling 37,738 shares during the quarter. Amundi owned about 0.19% of Seagate Technology worth $34,348,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in STX. Cetera Investment Advisers increased its holdings in Seagate Technology by 3.8% in the fourth quarter. Cetera Investment Advisers now owns 55,069 shares of the data storage provider's stock valued at $4,753,000 after purchasing an additional 2,038 shares during the last quarter. Deutsche Bank AG increased its holdings in shares of Seagate Technology by 53.7% in the fourth quarter. Deutsche Bank AG now owns 1,130,761 shares of the data storage provider's stock worth $97,596,000 after acquiring an additional 394,908 shares in the last quarter. Ethic Inc. increased its holdings in shares of Seagate Technology by 7.7% in the fourth quarter. Ethic Inc. now owns 18,592 shares of the data storage provider's stock worth $1,605,000 after acquiring an additional 1,324 shares in the last quarter. Focus Partners Wealth increased its holdings in shares of Seagate Technology by 81.3% in the fourth quarter. Focus Partners Wealth now owns 14,457 shares of the data storage provider's stock worth $1,274,000 after acquiring an additional 6,483 shares in the last quarter. Finally, Gotham Asset Management LLC increased its holdings in shares of Seagate Technology by 75.4% in the fourth quarter. Gotham Asset Management LLC now owns 45,138 shares of the data storage provider's stock worth $3,896,000 after acquiring an additional 19,399 shares in the last quarter. Institutional investors own 92.87% of the company's stock.

Insider Buying and Selling

In related news, insider James Ci Lee sold 3,509 shares of the stock in a transaction that occurred on Thursday, July 31st. The stock was sold at an average price of $154.74, for a total transaction of $542,982.66. Following the completion of the transaction, the insider directly 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 sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO William D. Mosley sold 20,000 shares of the stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $153.75, for a total value of $3,075,000.00. Following the transaction, the chief executive officer directly owned 478,912 shares of the company's stock, valued at $73,632,720. This trade represents a 4.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 57,078 shares of company stock valued at $8,561,503. 0.81% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities research analysts have issued reports on STX shares. Cantor Fitzgerald upgraded Seagate Technology from a "neutral" rating to an "overweight" rating and set a $175.00 price target for the company in a report on Wednesday, July 30th. Barclays increased their price target on Seagate Technology from $180.00 to $200.00 and gave the stock an "equal weight" rating in a report on Thursday. Wedbush restated an "outperform" rating and issued a $140.00 price target on shares of Seagate Technology in a report on Wednesday, May 21st. BNP Paribas Exane upgraded Seagate Technology from an "underperform" rating to a "neutral" rating and set a $100.00 price target for the company in a report on Friday, May 16th. Finally, Robert W. Baird increased their price target on Seagate Technology from $120.00 to $188.00 and gave the stock an "outperform" rating in a report on Wednesday, July 30th. Fourteen investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $158.11.

Seagate Technology Stock Up 2.5%

Shares of NASDAQ:STX traded up $4.76 during mid-day trading on Thursday, reaching $197.80. 2,466,898 shares of the stock were exchanged, compared to its average volume of 3,855,690. The company has a market cap of $42.07 billion, a P/E ratio of 29.18, a P/E/G ratio of 1.18 and a beta of 1.53. Seagate Technology Holdings PLC has a one year low of $63.19 and a one year high of $199.24. The stock's 50 day simple moving average is $157.87 and its 200-day simple moving average is $120.23.

Seagate Technology (NASDAQ:STX - Get Free Report) last issued its quarterly earnings results on Tuesday, July 29th. The data storage provider reported $2.59 EPS for the quarter, beating 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 firm posted $1.05 earnings per share. The business's quarterly revenue was up 29.5% compared to the same quarter last year. Seagate Technology has set its Q1 2026 guidance at 2.100-2.500 EPS. Analysts anticipate that Seagate Technology Holdings PLC will post 6.83 EPS for the current fiscal year.

Seagate Technology announced that its board has initiated a share buyback plan on Thursday, May 22nd that allows the company to repurchase $5.00 billion in shares. This repurchase authorization allows the data storage provider to repurchase up to 21.6% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company's leadership believes its stock is undervalued.

Seagate Technology Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 9th. Investors of record on Tuesday, September 30th will be given a dividend of $0.72 per share. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $2.88 annualized dividend and a yield of 1.5%. Seagate Technology's dividend payout ratio is 42.54%.

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.