Callan Family Office LLC Takes Position in Seagate Technology Holdings PLC $STX

Key Points

• Callan Family Office LLC has acquired a new stake in Seagate Technology Holdings PLC, purchasing 1,438 shares valued at approximately $208,000.
• Several institutional investors, including JPMorgan Chase & Co. and Wellington Management Group LLP, have significantly increased their holdings in Seagate, indicating strong institutional interest in the company.
• Seagate Technology's quarterly dividend of $0.72 was recently paid, reflecting a 1.3% dividend yield, while the company's stock had a 52-week high of $264.83.

Callan Family Office LLC bought a new stake in Seagate Technology Holdings PLC (NASDAQ:STX - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 1,438 shares of the data storage provider's stock, valued at approximately $208,000.

A number of other institutional investors have also modified their holdings of STX. JPMorgan Chase & Co. increased its holdings in shares of 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 valued at $1,607,321,000 after purchasing an additional 2,161,191 shares during the period. Wellington Management Group LLP increased its holdings in shares of Seagate Technology by 3,339.4% in 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. increased its holdings in shares of 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 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 shares of Seagate Technology in the first quarter valued at approximately $17,546,000. Finally, Nuveen LLC acquired a new position in shares of Seagate Technology in the first quarter valued at approximately $17,058,000. Institutional investors and hedge funds own 92.87% of the company's stock.

Insiders Place Their Bets

In other news, insider James Ci Lee sold 1,116 shares of the company'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 sale, the insider directly owned 257 shares in the company, valued at $39,413.52. This represents a 81.28% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO William D. Mosley sold 20,000 shares of the stock in a transaction dated Wednesday, October 1st. The stock was sold at an average price of $249.90, for a total value of $4,998,000.00. Following the transaction, the chief executive officer owned 485,668 shares in the company, valued at $121,368,433.20. This trade represents a 3.96% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 75,620 shares of company stock valued at $14,464,056. Insiders own 0.79% of the company's stock.

Analyst Ratings Changes

A number of analysts recently weighed in on the company. Bank of America lifted their price target on Seagate Technology from $215.00 to $255.00 and gave the company a "buy" rating in a research note on Wednesday, September 24th. Cantor Fitzgerald lifted their price target on Seagate Technology from $175.00 to $280.00 and gave the company an "overweight" rating in a research note on Monday, September 22nd. Rosenblatt Securities lifted their price target on Seagate Technology from $200.00 to $250.00 and gave the company a "buy" rating in a research note on Monday, September 29th. Barclays lifted their price target on Seagate Technology from $180.00 to $200.00 and gave the company an "equal weight" rating in a research note on Thursday, September 11th. Finally, Loop Capital lifted their price target on Seagate Technology from $200.00 to $350.00 and gave the company a "buy" rating in a research note on Thursday. One research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $229.40.

Seagate Technology Stock Down 0.3%

Shares of NASDAQ:STX opened at $225.40 on Friday. Seagate Technology Holdings PLC has a 52-week low of $63.19 and a 52-week high of $264.83. The stock's fifty day simple moving average is $198.09 and its 200-day simple moving average is $145.03. The company has a market capitalization of $48.00 billion, a P/E ratio of 33.29, a P/E/G ratio of 1.01 and a beta of 1.63.

Seagate Technology (NASDAQ:STX - Get Free Report) last issued its quarterly earnings data on Tuesday, July 29th. The data storage provider reported $2.59 earnings per share (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 business had revenue of $2.44 billion for the quarter, compared to the consensus estimate of $2.40 billion. During the same period in the prior year, the business earned $1.05 earnings per share. 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. On average, sell-side analysts anticipate that Seagate Technology Holdings PLC will post 6.83 earnings per share for the current year.

Seagate Technology Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 9th. Stockholders of record on Tuesday, September 30th were given 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 is currently 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.

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