Groupe la Francaise Purchases 4,830 Shares of Seagate Technology Holdings PLC $STX

Key Points

• Groupe la Francaise increased its Seagate Technology position by 18,576.9% in the second quarter, purchasing 4,830 additional shares for a total holding valued at $4.67 million. Institutional investors collectively own 92.87% of the company.
• Seagate reported quarterly EPS of $5.71, exceeding estimates of $5.10, while revenue rose 48.5% year over year to $3.63 billion. The company issued Q1 2027 EPS guidance of $7.10–$7.50.
• Insiders sold 191,765 shares worth $161.9 million over the past 90 days, while analysts maintain a “Moderate Buy” consensus with an average price target of $986. Seagate also declared a quarterly dividend of $0.74 per share.

Groupe la Francaise raised its position in Seagate Technology Holdings PLC (NASDAQ:STX - Free Report) by 18,576.9% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,856 shares of the data storage provider's stock after buying an additional 4,830 shares during the period. Groupe la Francaise's holdings in Seagate Technology were worth $4,671,000 as of its most recent filing with the SEC.

Other hedge funds have also recently modified their holdings of the company. Rakuten Securities Inc. increased its position in shares of Seagate Technology by 884.2% during the second quarter. Rakuten Securities Inc. now owns 187 shares of the data storage provider's stock valued at $27,000 after acquiring an additional 168 shares during the last quarter. Retirement Wealth Solutions LLC boosted its position in Seagate Technology by 70.6% in the second quarter. Retirement Wealth Solutions LLC now owns 29 shares of the data storage provider's stock worth $28,000 after purchasing an additional 12 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC increased its position in shares of Seagate Technology by 23.1% during the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 80 shares of the data storage provider's stock valued at $31,000 after purchasing an additional 15 shares during the last quarter. Quarry LP bought a new stake in shares of Seagate Technology during the 4th quarter worth $31,000. Finally, WealthCollab LLC raised its stake in shares of Seagate Technology by 27.4% during the 1st quarter. WealthCollab LLC now owns 93 shares of the data storage provider's stock worth $36,000 after purchasing an additional 20 shares during the period. Institutional investors own 92.87% of the company's stock.

Insider Buying and Selling at Seagate Technology

In other news, EVP James Lee sold 9,013 shares of the company's stock in a transaction on Monday, August 24th. The shares were sold at an average price of $794.84, for a total value of $7,163,892.92. Following the transaction, the executive vice president owned 347 shares of the company's stock, valued at approximately $275,809.48. This represents a 96.29% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP John Morris sold 3,516 shares of Seagate Technology stock in a transaction on Friday, August 21st. The shares were sold at an average price of $849.35, for a total value of $2,986,314.60. Following the sale, the executive vice president directly owned 12,805 shares of the company's stock, valued at $10,875,926.75. This represents a 21.54% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 191,765 shares of company stock worth $161,865,249 in the last ninety days. Insiders own 0.79% of the company's stock.

Seagate Technology Stock Performance

Shares of STX stock opened at $849.28 on Tuesday. The stock has a market capitalization of $192.49 billion, a price-to-earnings ratio of 61.19 and a beta of 2.06. The company's fifty day simple moving average is $849.54 and its two-hundred day simple moving average is $714.80. Seagate Technology Holdings PLC has a 1 year low of $183.02 and a 1 year high of $1,145.00. The company has a debt-to-equity ratio of 1.56, a current ratio of 1.67 and a quick ratio of 1.17.

Seagate Technology (NASDAQ:STX - Get Free Report) last issued its earnings results on Tuesday, July 28th. The data storage provider reported $5.71 EPS for the quarter, topping the consensus estimate of $5.10 by $0.61. The business had revenue of $3.63 billion during the quarter, compared to the consensus estimate of $3.50 billion. Seagate Technology had a return on equity of 369.98% and a net margin of 26.11%.The firm's revenue was up 48.5% compared to the same quarter last year. During the same quarter last year, the company earned $2.59 EPS. Seagate Technology has set its Q1 2027 guidance at 7.100-7.500 EPS. As a group, analysts anticipate that Seagate Technology Holdings PLC will post 35.7 earnings per share for the current year.

Seagate Technology Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 7th. Investors of record on Thursday, September 24th will be paid a dividend of $0.74 per share. The ex-dividend date of this dividend is Thursday, September 24th. This represents a $2.96 annualized dividend and a yield of 0.3%. Seagate Technology's payout ratio is currently 21.33%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on STX. Citigroup increased their price target on shares of Seagate Technology from $1,240.00 to $1,300.00 and gave the company a "buy" rating in a research report on Wednesday, July 29th. Melius Research initiated coverage on shares of Seagate Technology in a research report on Monday, June 29th. They issued a "buy" rating and a $1,600.00 price objective on the stock. Sanford C. Bernstein reiterated an "outperform" rating and issued a $1,350.00 target price on shares of Seagate Technology in a research note on Wednesday, July 29th. Morgan Stanley increased their target price on shares of Seagate Technology from $1,035.00 to $1,187.00 and gave the company an "overweight" rating in a research report on Wednesday, July 29th. Finally, Argus raised their price target on shares of Seagate Technology from $750.00 to $900.00 and gave the stock a "buy" rating in a research note on Thursday, July 30th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $986.00.

Seagate Technology Profile

Seagate Technology NASDAQ: STX is a global data storage company that designs, manufactures and sells a broad range of storage products and systems. The firm's product portfolio includes traditional hard disk drives (HDDs), solid-state drives (SSDs), hybrid storage devices and integrated storage systems aimed at enterprise, cloud, OEM and consumer markets. Seagate also provides services that support its hardware offerings, including data recovery and storage management solutions.

Seagate's products are used in a wide array of applications, from large-scale data centers and cloud infrastructure to desktop and portable consumer devices.

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