CreativeOne Wealth LLC Grows Holdings in Seagate Technology Holdings PLC $STX

Key Points

• CreativeOne Wealth LLC increased its stake in Seagate Technology by 46.8%, now holding shares worth approximately $1.45 million.
• Insiders at Seagate, including EVP Ban Seng Teh and CEO William D. Mosley, sold significant amounts of stock recently, with a total of 287,379 shares sold in the past ninety days.
• Seagate Technology reported a quarterly earnings per share (EPS) of $2.59, beating estimates and showing a 29.5% year-over-year revenue increase.

CreativeOne Wealth LLC boosted its holdings in Seagate Technology Holdings PLC (NASDAQ:STX - Free Report) by 46.8% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 17,058 shares of the data storage provider's stock after acquiring an additional 5,441 shares during the quarter. CreativeOne Wealth LLC's holdings in Seagate Technology were worth $1,449,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in STX. Susquehanna Fundamental Investments LLC acquired a new stake in shares of Seagate Technology in the fourth quarter valued at about $1,329,000. Beacon Pointe Advisors LLC lifted its position in shares of Seagate Technology by 10.8% during the 4th quarter. Beacon Pointe Advisors LLC now owns 7,039 shares of the data storage provider's stock valued at $608,000 after acquiring an additional 687 shares during the period. Northern Trust Corp boosted its stake in shares of Seagate Technology by 13.4% during the 4th quarter. Northern Trust Corp now owns 1,655,699 shares of the data storage provider's stock worth $142,903,000 after acquiring an additional 195,090 shares in the last quarter. Lido Advisors LLC grew its holdings in shares of Seagate Technology by 55.4% in the 4th quarter. Lido Advisors LLC now owns 12,111 shares of the data storage provider's stock worth $1,054,000 after acquiring an additional 4,320 shares during the period. Finally, AQR Capital Management LLC increased its stake in Seagate Technology by 10.3% in the 4th quarter. AQR Capital Management LLC now owns 675,743 shares of the data storage provider's stock valued at $58,323,000 after purchasing an additional 63,142 shares in the last quarter. 92.87% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Seagate Technology

In related news, 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 transaction of $3,075,000.00. Following the completion of the sale, the chief executive officer owned 478,912 shares of the company's stock, valued at approximately $73,632,720. This represents a 4.01% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider James Ci Lee sold 1,116 shares of the stock in a transaction on Friday, August 1st. The shares were sold at an average price of $153.36, for a total value of $171,149.76. Following the completion of the sale, the insider owned 257 shares of the company's stock, valued at approximately $39,413.52. This represents a 81.28% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 117,712 shares of company stock worth $16,448,971 in the last quarter. Company insiders own 0.81% of the company's stock.

Seagate Technology Trading Up 2.4%

Shares of NASDAQ STX traded up $4.08 on Wednesday, reaching $174.58. 2,624,850 shares of the company traded hands, compared to its average volume of 3,846,991. Seagate Technology Holdings PLC has a fifty-two week low of $63.19 and a fifty-two week high of $174.96. The company has a 50 day moving average of $152.66 and a 200 day moving average of $116.82. The stock has a market capitalization of $37.13 billion, a PE ratio of 25.73, a P/E/G ratio of 1.03 and a beta of 1.53.

Seagate Technology (NASDAQ:STX - Get Free Report) last posted its quarterly earnings data 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 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 the consensus estimate of $2.40 billion. During the same quarter in the prior year, the company posted $1.05 EPS. The company'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. As a group, research analysts expect that Seagate Technology Holdings PLC will post 6.83 earnings per share for the current year.

Seagate Technology announced that its board has initiated a stock buyback program on Thursday, May 22nd that permits the company to buyback $5.00 billion in outstanding shares. This buyback authorization permits the data storage provider to buy up to 21.6% of its shares through open market purchases. Shares buyback programs are often a sign that the company's board of directors believes its stock is undervalued.

Seagate Technology Announces Dividend

The firm also recently announced 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. This represents a $2.88 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend is Tuesday, September 30th. Seagate Technology's dividend payout ratio is 42.54%.

Analyst Ratings Changes

Several research analysts have recently issued reports on STX shares. Citigroup lifted their price target on Seagate Technology from $140.00 to $170.00 and gave the stock a "buy" rating in a research note on Friday, July 11th. Robert W. Baird lifted their price target on Seagate Technology from $120.00 to $188.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 30th. Cantor Fitzgerald raised Seagate Technology from a "neutral" rating to an "overweight" rating and set a $175.00 price target for the company in a research note on Wednesday, July 30th. Wells Fargo & Company lifted their price target on Seagate Technology from $122.00 to $160.00 and gave the stock an "equal weight" rating in a research note on Thursday, July 17th. Finally, BNP Paribas raised Seagate Technology from a "strong sell" rating to a "hold" rating in a research note on Friday, May 16th. Fourteen equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $154.50.

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.