Commerzbank Aktiengesellschaft FI Invests $340,000 in Seagate Technology Holdings PLC $STX

Key Points

• Commerzbank Aktiengesellschaft FI invested $340,000 in Seagate Technology by acquiring 2,351 shares during the second quarter, reflecting growing institutional interest in the stock.
• Multiple analysts have raised their target prices for Seagate Technology, with estimates ranging from $155.00 to $250.00, indicating strong buy sentiments among various research firms.
• Seagate recently announced a quarterly dividend of $0.72 per share, with a dividend yield of 1.3%, further underlining its financial health and commitment to returning value to shareholders.

Commerzbank Aktiengesellschaft FI acquired a new position in shares of Seagate Technology Holdings PLC (NASDAQ:STX - Free Report) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 2,351 shares of the data storage provider's stock, valued at approximately $340,000.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Salvus Wealth Management LLC lifted its stake in shares of Seagate Technology by 2.0% during the second quarter. Salvus Wealth Management LLC now owns 3,416 shares of the data storage provider's stock worth $493,000 after buying an additional 68 shares during the period. Moody National Bank Trust Division raised its holdings in shares of Seagate Technology by 2.0% during the second quarter. Moody National Bank Trust Division now owns 4,625 shares of the data storage provider's stock worth $668,000 after purchasing an additional 89 shares during the last quarter. Bruce G. Allen Investments LLC raised its holdings in shares of Seagate Technology by 28.1% during the second quarter. Bruce G. Allen Investments LLC now owns 419 shares of the data storage provider's stock worth $60,000 after purchasing an additional 92 shares during the last quarter. TD Private Client Wealth LLC raised its holdings in shares of Seagate Technology by 30.2% during the second quarter. TD Private Client Wealth LLC now owns 457 shares of the data storage provider's stock worth $66,000 after purchasing an additional 106 shares during the last quarter. Finally, Old Port Advisors raised its holdings in shares of Seagate Technology by 0.3% during the second quarter. Old Port Advisors now owns 35,658 shares of the data storage provider's stock worth $5,147,000 after purchasing an additional 123 shares during the last quarter. 92.87% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on STX shares. Rosenblatt Securities raised their target price on shares of Seagate Technology from $200.00 to $250.00 and gave the stock a "buy" rating in a report on Monday, September 29th. UBS Group raised their target price on shares of Seagate Technology from $85.00 to $155.00 and gave the stock a "neutral" rating in a report on Monday, July 21st. Wells Fargo & Company raised their target price on shares of Seagate Technology from $122.00 to $160.00 and gave the stock an "equal weight" rating in a report on Thursday, July 17th. TD Cowen raised their target price on shares of Seagate Technology from $135.00 to $175.00 and gave the stock a "buy" rating in a report on Wednesday, July 30th. Finally, Citigroup boosted their target price on shares of Seagate Technology from $167.00 to $215.00 and gave the company a "buy" rating in a research note on Monday, September 8th. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $198.58.

Seagate Technology Stock Performance

STX opened at $214.38 on Friday. Seagate Technology Holdings PLC has a fifty-two week low of $63.19 and a fifty-two week high of $264.83. The company has a fifty day moving average of $191.09 and a two-hundred day moving average of $140.76. The stock has a market capitalization of $45.66 billion, a price-to-earnings ratio of 31.67, a PEG ratio of 0.96 and a beta of 1.63.

Seagate Technology (NASDAQ:STX - Get Free Report) last released its quarterly earnings data on Tuesday, July 29th. The data storage provider reported $2.59 earnings per share for the quarter, beating analysts' consensus estimates 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 in the previous year, the company earned $1.05 earnings per share. The firm'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. On average, equities research analysts forecast that Seagate Technology Holdings PLC will post 6.83 earnings per share for the current year.

Seagate Technology Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 9th. Stockholders of record on Tuesday, September 30th were paid a dividend of $0.72 per share. 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 payout ratio is currently 42.54%.

Insider Buying and Selling at Seagate Technology

In other news, insider James Ci Lee sold 1,116 shares of the business's stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $153.36, for a total transaction of $171,149.76. Following the completion of the sale, the insider owned 257 shares of the company's stock, valued at $39,413.52. The trade was a 81.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Ban Seng Teh sold 3,732 shares of the business's stock in a transaction dated Thursday, September 11th. The stock was sold at an average price of $193.30, for a total transaction of $721,395.60. Following the sale, the executive vice president directly owned 4,172 shares of the company's stock, valued at $806,447.60. This represents a 47.22% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 74,210 shares of company stock valued at $14,146,016. Corporate insiders own 0.79% of the company's stock.

Seagate Technology Company 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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