Foster & Motley Inc. Sells 1,233 Shares of Seagate Technology Holdings PLC $STX

Key Points

• Foster & Motley Inc. reduced its holdings in Seagate Technology by 34.1%, selling 1,233 shares and valuing the remaining stake at $344,000 as of the last quarter.
• Several analysts have raised their price targets for Seagate Technology, with Benchmark increasing their target to $250.00 and Evercore ISI pushing it to $330.00, indicating a strong positive outlook.
• Seagate Technology declared a quarterly dividend of $0.72 per share, representing an annualized yield of 1.3%, contributing to the company's attractiveness for income-seeking investors.

Foster & Motley Inc. trimmed its position in shares of Seagate Technology Holdings PLC (NASDAQ:STX - Free Report) by 34.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,382 shares of the data storage provider's stock after selling 1,233 shares during the period. Foster & Motley Inc.'s holdings in Seagate Technology were worth $344,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Personal CFO Solutions LLC bought a new stake in shares of Seagate Technology in the 1st quarter valued at approximately $223,000. Amalgamated Bank grew its stake in shares of Seagate Technology by 0.8% in the 1st quarter. Amalgamated Bank now owns 29,964 shares of the data storage provider's stock valued at $2,545,000 after purchasing an additional 243 shares during the period. Retirement Planning Co of New England Inc. bought a new stake in shares of Seagate Technology in the 1st quarter valued at approximately $272,000. Alps Advisors Inc. grew its stake in shares of Seagate Technology by 10.2% in the 1st quarter. Alps Advisors Inc. now owns 278,831 shares of the data storage provider's stock valued at $23,687,000 after purchasing an additional 25,817 shares during the period. Finally, FARMERS & MERCHANTS TRUST Co OF LONG BEACH bought a new stake in shares of Seagate Technology in the 2nd quarter valued at approximately $322,000. 92.87% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms have recently weighed in on STX. Benchmark upped their price objective on Seagate Technology from $165.00 to $250.00 and gave the company a "buy" rating in a research note on Tuesday, September 16th. Morgan Stanley boosted their target price on Seagate Technology from $168.00 to $265.00 and gave the stock an "overweight" rating in a report on Monday, September 29th. Sanford C. Bernstein began 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. Evercore ISI increased their price target on Seagate Technology from $160.00 to $330.00 and gave the stock an "outperform" rating in a research report on Monday, October 13th. Finally, Weiss Ratings restated a "buy (b-)" rating on shares of Seagate Technology in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $229.40.

Seagate Technology Trading Down 0.3%

Shares of Seagate Technology stock opened at $225.40 on Monday. The company has a market capitalization of $48.00 billion, a PE ratio of 33.29, a PEG ratio of 1.01 and a beta of 1.63. Seagate Technology Holdings PLC has a 12 month low of $63.19 and a 12 month high of $264.83. The stock's fifty day simple moving average is $198.09 and its 200 day simple moving average is $145.96.

Seagate Technology (NASDAQ:STX - Get Free Report) last issued its quarterly earnings data on Tuesday, July 29th. The data storage provider reported $2.59 EPS for the quarter, topping the consensus estimate of $2.45 by $0.14. The business had revenue of $2.44 billion for the quarter, compared to the consensus estimate of $2.40 billion. Seagate Technology had a negative return on equity of 169.60% and a net margin of 16.15%.The firm's revenue was up 29.5% compared to the same quarter last year. During the same quarter last year, the business posted $1.05 EPS. Seagate Technology has set its Q1 2026 guidance at 2.100-2.500 EPS. Analysts predict that Seagate Technology Holdings PLC will post 6.83 EPS for the current fiscal year.

Seagate Technology Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 9th. Investors of record on Tuesday, September 30th were paid a dividend of $0.72 per share. This represents a $2.88 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend was Tuesday, September 30th. Seagate Technology's dividend payout ratio (DPR) is presently 42.54%.

Insider Buying and Selling at Seagate Technology

In other Seagate Technology 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 value of $376,250.00. Following the sale, the director owned 352 shares of the company's stock, valued at $52,976. This trade represents a 87.66% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Ban Seng Teh sold 1,410 shares of Seagate Technology stock in a transaction dated Monday, October 13th. The shares were sold at an average price of $225.56, for a total value of $318,039.60. Following the completion of the sale, the executive vice president directly owned 18,041 shares in the company, valued at $4,069,327.96. This represents a 7.25% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 75,620 shares of company stock worth $14,464,056 in the last three months. 0.79% of the stock is owned by insiders.

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.

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