Seagate Technology Holdings PLC $STX Shares Purchased by Credit Agricole S A

Key Points

• Credit Agricole S A increased its stake in Seagate Technology by 7.9%, bringing its total holdings to 67,338 shares valued at approximately $5.72 million.
• Seagate Technology reported a quarterly EPS of $2.59, outperforming estimates and achieving a year-over-year revenue growth of 29.5%.
• The company announced a quarterly dividend of $0.72 per share, with a planned payout on October 9th, reflecting a yield of 1.8%.

Credit Agricole S A raised its holdings in Seagate Technology Holdings PLC (NASDAQ:STX - Free Report) by 7.9% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 67,338 shares of the data storage provider's stock after purchasing an additional 4,925 shares during the quarter. Credit Agricole S A's holdings in Seagate Technology were worth $5,720,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the business. Vanguard Group Inc. increased its stake in 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. JPMorgan Chase & Co. increased its stake in 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. Invesco Ltd. increased its stake in Seagate Technology by 3.6% in the first quarter. Invesco Ltd. now owns 2,861,418 shares of the data storage provider's stock valued at $243,077,000 after purchasing an additional 99,884 shares during the period. Northern Trust Corp increased its stake in Seagate Technology by 13.4% in the fourth quarter. Northern Trust Corp now owns 1,655,699 shares of the data storage provider's stock valued at $142,903,000 after purchasing an additional 195,090 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Seagate Technology by 24.3% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,627,264 shares of the data storage provider's stock valued at $140,449,000 after purchasing an additional 318,306 shares during the period. 92.87% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO William D. Mosley sold 54,347 shares of the business's stock in a transaction that occurred on Monday, June 9th. The shares were sold at an average price of $130.19, for a total value of $7,075,435.93. Following the completion of the transaction, the chief executive officer owned 515,677 shares of the company's stock, valued at $67,135,988.63. The trade was a 9.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Gianluca Romano sold 26,816 shares of the company's stock in a transaction that occurred on Friday, May 30th. The stock was sold at an average price of $117.58, for a total transaction of $3,153,025.28. Following the transaction, the chief financial officer directly owned 38,082 shares of the company's stock, valued at $4,477,681.56. This trade represents a 41.32% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 343,414 shares of company stock worth $43,661,770. Corporate insiders own 0.81% of the company's stock.

Seagate Technology Price Performance

Shares of NASDAQ STX traded up $4.79 on Monday, hitting $164.00. The company's stock had a trading volume of 2,514,370 shares, compared to its average volume of 3,436,374. Seagate Technology Holdings PLC has a 12-month low of $63.19 and a 12-month high of $165.28. The company has a market capitalization of $34.88 billion, a price-to-earnings ratio of 24.22, a price-to-earnings-growth ratio of 0.98 and a beta of 1.50. The stock has a 50 day moving average of $148.34 and a 200-day moving average of $114.06.

Seagate Technology (NASDAQ:STX - Get Free Report) last posted 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. The business had revenue of $2.44 billion during the quarter, compared to analyst estimates of $2.40 billion. Seagate Technology had a net margin of 16.15% and a negative return on equity of 169.60%. The company's revenue was up 29.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.05 earnings per share. 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 EPS for the current fiscal year.

Seagate Technology declared that its Board of Directors has approved a stock repurchase program on Thursday, May 22nd that authorizes the company to buyback $5.00 billion in shares. This buyback authorization authorizes the data storage provider to buy up to 21.6% of its shares through open market purchases. Shares buyback programs are usually a sign that the company's board believes its stock is undervalued.

Seagate Technology Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 9th. Stockholders of record on Tuesday, September 30th will be given a $0.72 dividend. This represents a $2.88 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date of this dividend is Tuesday, September 30th. Seagate Technology's payout ratio is currently 42.54%.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. Rosenblatt Securities lifted their price objective on shares of Seagate Technology from $185.00 to $200.00 and gave the company a "buy" rating in a research note on Wednesday, July 30th. TD Cowen boosted their price target on shares of Seagate Technology from $135.00 to $175.00 and gave the stock a "buy" rating in a research note on Wednesday, July 30th. Morgan Stanley boosted their price target on shares of Seagate Technology from $167.00 to $168.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 30th. Benchmark boosted their price target on shares of Seagate Technology from $128.00 to $165.00 and gave the stock a "buy" rating in a research note on Wednesday, July 30th. Finally, Susquehanna boosted their price target on shares of Seagate Technology from $68.00 to $80.00 and gave the stock a "negative" rating in a research note on Wednesday, July 30th. Fourteen equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $151.44.

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.