Atria Wealth Solutions Inc. Lowers Stake in Seagate Technology Holdings PLC $STX

Key Points

• Atria Wealth Solutions Inc. decreased its stake in Seagate Technology by 34.9%, holding 14,055 shares at a value of approximately $2,046,000 at the end of the second quarter.
• Seagate Technology recently reported an earnings per share (EPS) of $2.59, surpassing analyst expectations, with revenue increasing by 29.5% year-over-year to $2.44 billion.
• The company's stock recently opened at $219.38 and achieved a 52-week high of $264.83, with a significant majority of 92.87% of the stock currently held by institutional investors.

Atria Wealth Solutions Inc. reduced its stake in shares of Seagate Technology Holdings PLC (NASDAQ:STX - Free Report) by 34.9% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 14,055 shares of the data storage provider's stock after selling 7,532 shares during the quarter. Atria Wealth Solutions Inc.'s holdings in Seagate Technology were worth $2,046,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Wayfinding Financial LLC bought a new stake in shares of Seagate Technology in the first quarter valued at about $31,000. Golden State Wealth Management LLC raised its holdings in Seagate Technology by 2,200.0% in the first quarter. Golden State Wealth Management LLC now owns 460 shares of the data storage provider's stock worth $39,000 after purchasing an additional 440 shares in the last quarter. Zions Bancorporation National Association UT acquired a new position in shares of Seagate Technology during the first quarter valued at about $42,000. Costello Asset Management INC acquired a new position in shares of Seagate Technology during the first quarter valued at about $47,000. Finally, Trust Co. of Toledo NA OH acquired a new position in shares of Seagate Technology during the second quarter valued at about $57,000. 92.87% of the stock is currently owned by institutional investors.

Seagate Technology Stock Up 3.7%

Shares of STX opened at $219.38 on Thursday. Seagate Technology Holdings PLC has a 52-week low of $63.19 and a 52-week high of $264.83. The company has a market capitalization of $46.72 billion, a PE ratio of 32.40, a price-to-earnings-growth ratio of 0.95 and a beta of 1.63. The stock has a fifty day simple moving average of $195.03 and a two-hundred day simple moving average of $143.09.

Seagate Technology (NASDAQ:STX - Get Free Report) last issued its earnings results on Tuesday, July 29th. The data storage provider reported $2.59 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 business had revenue of $2.44 billion during the quarter, compared to the consensus estimate of $2.40 billion. During the same period last year, the company earned $1.05 EPS. The company's revenue for the quarter 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, equities analysts anticipate that Seagate Technology Holdings PLC will post 6.83 earnings per share for the current fiscal year.

Seagate Technology Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, October 9th. Shareholders of record on Tuesday, September 30th were paid 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 (DPR) is 42.54%.

Wall Street Analyst Weigh In

STX has been the topic of a number of recent research reports. Benchmark upped their target price on Seagate Technology from $165.00 to $250.00 and gave the company a "buy" rating in a research report on Tuesday, September 16th. Robert W. Baird increased their target price on Seagate Technology from $120.00 to $188.00 and gave the company an "outperform" rating in a research report on Wednesday, July 30th. Barclays increased their target price on Seagate Technology from $180.00 to $200.00 and gave the company an "equal weight" rating in a research report on Thursday, September 11th. Cantor Fitzgerald increased their target price on Seagate Technology from $175.00 to $280.00 and gave the company an "overweight" rating in a research report on Monday, September 22nd. Finally, Mizuho increased their target price on Seagate Technology from $160.00 to $245.00 and gave the company an "outperform" rating in a research report on Friday, September 19th. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, Seagate Technology has a consensus rating of "Moderate Buy" and an average target price of $214.89.

Insiders Place Their Bets

In other Seagate Technology news, insider James Ci Lee sold 1,116 shares of the firm's stock in a transaction on Friday, August 1st. The stock was sold at an average price of $153.36, for a total value of $171,149.76. Following the completion of the sale, the insider directly owned 257 shares of the company's stock, valued at $39,413.52. This trade represents a 81.28% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Ban Seng Teh sold 1,410 shares of the firm's stock in a transaction on Monday, October 13th. The stock was sold at an average price of $225.56, for a total value of $318,039.60. Following the completion of the sale, the executive vice president directly owned 18,041 shares of the company's stock, valued at $4,069,327.96. This trade represents a 7.25% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 75,620 shares of company stock worth $14,464,056. 0.79% of the stock is currently owned by company 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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