Capital Investment Advisors LLC Takes $306,000 Position in Seagate Technology Holdings PLC $STX

Key Points

• Capital Investment Advisors LLC acquired a new stake in Seagate Technology Holdings PLC valued at approximately $306,000, purchasing 2,119 shares in the second quarter.
• Several research analysts have provided positive ratings for Seagate Technology, with price targets increasing significantly; Goldman Sachs initiated coverage with a "buy" rating and a price objective of $170.00.
• Seagate Technology announced a quarterly dividend of $0.72 per share, with an annualized yield of 1.1%, to be paid on October 9th.

Capital Investment Advisors LLC acquired a new stake in shares of Seagate Technology Holdings PLC (NASDAQ:STX - Free Report) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 2,119 shares of the data storage provider's stock, valued at approximately $306,000.

A number of other large investors also recently bought and sold shares of STX. Wayfinding Financial LLC purchased a new position in shares of Seagate Technology in the 1st quarter valued at $31,000. Golden State Wealth Management LLC grew its stake 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 valued at $39,000 after purchasing an additional 440 shares during the last quarter. Zions Bancorporation National Association UT bought a new position in Seagate Technology in the first quarter worth about $42,000. Costello Asset Management INC purchased a new stake in shares of Seagate Technology during the first quarter valued at about $47,000. Finally, Brooklyn Investment Group lifted its position in shares of Seagate Technology by 41.5% during the first quarter. Brooklyn Investment Group now owns 702 shares of the data storage provider's stock valued at $60,000 after buying an additional 206 shares during the last quarter. Institutional investors own 92.87% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. The Goldman Sachs Group started coverage on shares of Seagate Technology in a research note on Thursday, July 10th. They set a "buy" rating and a $170.00 price objective for the company. Robert W. Baird upped their price target on Seagate Technology from $120.00 to $188.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 30th. Morgan Stanley increased their price objective on Seagate Technology from $168.00 to $265.00 and gave the company an "overweight" rating in a report on Monday, September 29th. Cantor Fitzgerald increased their price objective on Seagate Technology from $175.00 to $280.00 and gave the company an "overweight" rating in a report on Monday, September 22nd. Finally, Wells Fargo & Company increased their price objective on Seagate Technology from $122.00 to $160.00 and gave the company an "equal weight" rating in a report on Thursday, July 17th. Sixteen research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $193.32.

Insider Activity

In other news, EVP John Christopher Morris sold 377 shares of the firm's stock in a transaction dated 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO William D. Mosley sold 20,000 shares of the firm's stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $249.90, for a total transaction of $4,998,000.00. Following the completion of the transaction, the chief executive officer directly owned 485,668 shares in the company, valued at $121,368,433.20. This 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 75,935 shares of company stock worth $14,394,416. 0.79% of the stock is currently owned by corporate insiders.

Seagate Technology Stock Down 0.8%

NASDAQ:STX opened at $252.79 on Friday. Seagate Technology Holdings PLC has a 52 week low of $63.19 and a 52 week high of $264.83. The stock has a market capitalization of $53.84 billion, a PE ratio of 37.34, a price-to-earnings-growth ratio of 1.14 and a beta of 1.63. The stock's 50-day moving average price is $183.78 and its 200-day moving average price is $135.66.

Seagate Technology (NASDAQ:STX - Get Free Report) last posted its earnings results on Tuesday, July 29th. The data storage provider reported $2.59 EPS for the quarter, beating 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 firm had revenue of $2.44 billion for the quarter, compared to analysts' expectations of $2.40 billion. During the same period last year, the firm earned $1.05 EPS. The company's quarterly 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 earnings per share for the current fiscal year.

Seagate Technology Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 9th. Stockholders of record on Tuesday, September 30th will be given a dividend of $0.72 per share. The ex-dividend date is Tuesday, September 30th. This represents a $2.88 dividend on an annualized basis and a dividend yield of 1.1%. Seagate Technology's dividend payout ratio (DPR) is 42.54%.

Seagate Technology 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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