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

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Range Financial Group LLC lifted its holdings in shares of Seagate Technology by 1.4% during the 2nd quarter. Range Financial Group LLC now owns 32,722 shares of the data storage provider's stock worth $4,723,000 after acquiring an additional 442 shares during the period. Parallel Advisors LLC raised its stake in shares of Seagate Technology by 39.6% in the second quarter. Parallel Advisors LLC now owns 4,054 shares of the data storage provider's stock worth $585,000 after acquiring an additional 1,151 shares during the last quarter. Insight Wealth Strategies LLC raised its stake in shares of Seagate Technology by 30.1% in the second quarter. Insight Wealth Strategies LLC now owns 55,136 shares of the data storage provider's stock worth $7,997,000 after acquiring an additional 12,762 shares during the last quarter. Bangor Savings Bank raised its stake in shares of Seagate Technology by 2.3% in the second quarter. Bangor Savings Bank now owns 7,578 shares of the data storage provider's stock worth $1,094,000 after acquiring an additional 171 shares during the last quarter. Finally, TrueWealth Advisors LLC bought a new position in shares of Seagate Technology in the second quarter worth about $703,000. 92.87% of the stock is currently owned by institutional investors and hedge funds.

Seagate Technology Trading Up 2.1%

Shares of NASDAQ:STX traded up $4.59 on Friday, hitting $221.23. The company had a trading volume of 4,831,576 shares, compared to its average volume of 3,888,000. The stock has a 50 day moving average price of $165.21 and a 200 day moving average price of $124.66. Seagate Technology Holdings PLC has a 1-year low of $63.19 and a 1-year high of $221.66. The stock has a market cap of $47.12 billion, a price-to-earnings ratio of 32.68, a P/E/G ratio of 1.23 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 analysts' consensus estimates of $2.45 by $0.14. The firm had revenue of $2.44 billion for the quarter, compared to the consensus estimate of $2.40 billion. Seagate Technology had a net margin of 16.15% and a negative return on equity of 169.60%. The business's revenue for the quarter was up 29.5% on a year-over-year basis. During the same period in the prior year, the company posted $1.05 earnings per share. Seagate Technology has set its Q1 2026 guidance at 2.100-2.500 EPS. Sell-side analysts anticipate 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 declared a quarterly dividend, which will be paid on Thursday, October 9th. Investors of record on Tuesday, September 30th will be given a $0.72 dividend. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $2.88 annualized dividend and a yield of 1.3%. Seagate Technology's dividend payout ratio (DPR) is presently 42.54%.

Seagate Technology declared that its board has authorized a share buyback plan 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 plans are often a sign that the company's leadership believes its shares are undervalued.

Analyst Upgrades and Downgrades

STX has been the subject of a number of research analyst reports. Citigroup boosted their target price on shares of Seagate Technology from $167.00 to $215.00 and gave the stock a "buy" rating in a research note on Monday, September 8th. Robert W. Baird lifted their price target on shares of Seagate Technology from $120.00 to $188.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 30th. Susquehanna lifted their price target on shares of Seagate Technology from $68.00 to $80.00 and gave the stock a "negative" rating in a research report on Wednesday, July 30th. Bank of America boosted their price objective on shares of Seagate Technology from $170.00 to $215.00 and gave the company a "buy" rating in a report on Monday. Finally, Wells Fargo & Company boosted their price objective on shares of Seagate Technology from $122.00 to $160.00 and gave the company an "equal weight" rating in a report on Thursday, July 17th. Fifteen 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. According to MarketBeat.com, Seagate Technology presently has a consensus rating of "Moderate Buy" and an average target price of $177.95.

Insiders Place Their Bets

In other Seagate Technology news, Director Jay L. Geldmacher sold 2,500 shares of the firm's stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of $150.50, for a total transaction of $376,250.00. Following the transaction, the director directly owned 352 shares in the company, valued at approximately $52,976. This trade represents a 87.66% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP John Christopher Morris sold 377 shares of the firm's stock in a transaction on Tuesday, September 16th. The shares were sold at an average price of $211.26, for a total value of $79,645.02. Following the transaction, the executive vice president owned 13,238 shares in the company, valued at approximately $2,796,659.88. This trade represents a 2.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 75,935 shares of company stock worth $12,289,616 in the last quarter. 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.