Czech National Bank Has $7.49 Million Stock Position in Seagate Technology Holdings PLC $STX

Key Points

• The Czech National Bank increased its holdings in Seagate Technology by 6.7%, now owning 51,873 shares worth approximately $7.49 million.
• Seagate Technology reported $2.59 EPS for its recent quarter, surpassing expectations and showing a 29.5% increase in revenue year-over-year.
• Recently, a quarterly dividend of $0.72 was announced, representing a 1.3% dividend yield, with a payout ratio of 42.54%.

Czech National Bank boosted its position in shares of Seagate Technology Holdings PLC (NASDAQ:STX - Free Report) by 6.7% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 51,873 shares of the data storage provider's stock after acquiring an additional 3,248 shares during the quarter. Czech National Bank's holdings in Seagate Technology were worth $7,487,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. JPMorgan Chase & Co. grew its stake in Seagate Technology by 12.9% during the 1st quarter. JPMorgan Chase & Co. now owns 18,920,792 shares of the data storage provider's stock worth $1,607,321,000 after buying an additional 2,161,191 shares during the last quarter. Wellington Management Group LLP raised its holdings in Seagate Technology by 3,339.4% during the first quarter. Wellington Management Group LLP now owns 933,996 shares of the data storage provider's stock worth $79,343,000 after purchasing an additional 906,840 shares during the last quarter. Vanguard Group Inc. raised its holdings in Seagate Technology by 2.7% during the first quarter. Vanguard Group Inc. now owns 28,743,126 shares of the data storage provider's stock worth $2,441,729,000 after purchasing an additional 769,009 shares during the last quarter. Wedge Capital Management L L P NC acquired a new position in shares of Seagate Technology in the first quarter worth $50,792,000. Finally, Woodline Partners LP raised its holdings in shares of Seagate Technology by 430.3% in the fourth quarter. Woodline Partners LP now owns 452,496 shares of the data storage provider's stock worth $39,055,000 after acquiring an additional 367,160 shares during the last quarter. Institutional investors and hedge funds own 92.87% of the company's stock.

Insider Buying and Selling

In related news, Director Jay L. Geldmacher sold 2,500 shares of Seagate Technology stock in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $150.50, for a total transaction of $376,250.00. Following the sale, the director directly owned 352 shares of the company's stock, valued at $52,976. This trade represents a 87.66% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO William D. Mosley sold 20,000 shares of Seagate Technology stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $153.75, for a total value of $3,075,000.00. Following the sale, the chief executive officer directly owned 478,912 shares in the company, valued at approximately $73,632,720. This trade represents a 4.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 75,935 shares of company stock valued at $12,289,616 in the last quarter. Insiders own 0.79% of the company's stock.

Seagate Technology Stock Performance

Shares of NASDAQ:STX traded up $4.59 during midday trading on Friday, hitting $221.23. 4,831,576 shares of the stock were exchanged, compared to its average volume of 3,534,323. Seagate Technology Holdings PLC has a 52-week low of $63.19 and a 52-week high of $221.66. The business's fifty day simple moving average is $166.69 and its two-hundred day simple moving average is $125.77. The company has a market capitalization of $47.12 billion, a PE ratio of 32.68, a P/E/G ratio of 1.28 and a beta of 1.53.

Seagate Technology (NASDAQ:STX - Get Free Report) last announced its quarterly earnings data on Tuesday, July 29th. The data storage provider reported $2.59 earnings per share (EPS) for the quarter, topping the consensus estimate 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 negative return on equity of 169.60% and a net margin of 16.15%.Seagate Technology's quarterly revenue was up 29.5% compared to the same quarter last year. During the same period last year, the company earned $1.05 earnings per share. Seagate Technology has set its Q1 2026 guidance at 2.100-2.500 EPS. As a group, equities analysts anticipate that Seagate Technology Holdings PLC will post 6.83 EPS for the current year.

Seagate Technology Dividend Announcement

The firm also recently declared 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 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend is Tuesday, September 30th. Seagate Technology's dividend payout ratio (DPR) is currently 42.54%.

Analysts Set New Price Targets

Several research firms recently commented on STX. Susquehanna upped their target price on Seagate Technology from $68.00 to $80.00 and gave the company a "negative" rating in a research note on Wednesday, July 30th. Rosenblatt Securities increased their price target on Seagate Technology from $185.00 to $200.00 and gave the stock a "buy" rating in a research report on Wednesday, July 30th. Sanford C. Bernstein started coverage on Seagate Technology in a research report on Tuesday, September 16th. They set an "outperform" rating and a $250.00 price target on the stock. Robert W. Baird increased their price objective on Seagate Technology from $120.00 to $188.00 and gave the stock an "outperform" rating in a report on Wednesday, July 30th. Finally, Benchmark increased their price target on Seagate Technology from $165.00 to $250.00 and gave the company a "buy" rating in a research note on Tuesday, September 16th. Fifteen equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $177.95.

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.