Hamilton Point Investment Advisors LLC Takes $326,000 Position in Seagate Technology Holdings PLC $STX

Key Points

• Hamilton Point Investment Advisors LLC has acquired a new stake in Seagate Technology Holdings PLC, purchasing 2,250 shares valued at approximately $326,000.
• Several hedge funds have increased their holdings in Seagate, with institutional investors currently owning 92.87% of the company's stock.
• The company recently announced a quarterly dividend of $0.72 per share, representing an annualized yield of 1.3%.

Hamilton Point Investment Advisors LLC acquired a new stake in Seagate Technology Holdings PLC (NASDAQ:STX - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 2,250 shares of the data storage provider's stock, valued at approximately $326,000.

Several other hedge funds have also recently bought and sold shares of STX. Wayfinding Financial LLC bought a new stake in Seagate Technology in the 1st quarter valued at about $31,000. Golden State Wealth Management LLC lifted its position in Seagate Technology by 2,200.0% in the 1st quarter. Golden State Wealth Management LLC now owns 460 shares of the data storage provider's stock valued at $39,000 after purchasing an additional 440 shares during the last quarter. Zions Bancorporation National Association UT bought a new stake in shares of Seagate Technology during the 1st quarter worth about $42,000. Costello Asset Management INC acquired a new stake in shares of Seagate Technology in the 1st quarter worth approximately $47,000. Finally, Trust Co. of Toledo NA OH acquired a new stake in shares of Seagate Technology in the 2nd quarter worth approximately $57,000. 92.87% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on STX. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Seagate Technology in a research note on Wednesday, October 8th. Wells Fargo & Company upped their price target on shares of Seagate Technology from $160.00 to $240.00 and gave the stock an "equal weight" rating in a research note on Monday. Rosenblatt Securities upped their price target on shares of Seagate Technology from $200.00 to $250.00 and gave the stock a "buy" rating in a research note on Monday, September 29th. Susquehanna upped 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. Finally, Citigroup boosted their target price on shares of Seagate Technology from $215.00 to $250.00 and gave the stock a "buy" rating in a report on Monday. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Seagate Technology presently has a consensus rating of "Moderate Buy" and an average price target of $214.89.

Insiders Place Their Bets

In other Seagate Technology news, insider James Ci Lee sold 3,509 shares of the firm's stock in a transaction on Thursday, July 31st. The shares were sold at an average price of $154.74, for a total value of $542,982.66. Following the sale, the insider directly owned 1,288 shares in the company, valued at $199,305.12. This trade represents a 73.15% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO William D. Mosley sold 20,000 shares of the firm's stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $249.90, for a total transaction of $4,998,000.00. Following the completion of the sale, the chief executive officer owned 485,668 shares in the company, valued at $121,368,433.20. This represents a 3.96% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 74,210 shares of company stock worth $14,146,016 in the last ninety days. 0.79% of the stock is owned by insiders.

Seagate Technology Stock Up 2.4%

STX stock opened at $219.51 on Tuesday. The company has a market capitalization of $46.75 billion, a price-to-earnings ratio of 32.42, a P/E/G ratio of 0.96 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 firm has a 50 day moving average of $192.39 and a two-hundred day moving average of $142.07.

Seagate Technology (NASDAQ:STX - Get Free Report) last posted its earnings results 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 company had revenue of $2.44 billion during 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 company's revenue for the quarter was up 29.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.05 earnings per share. Seagate Technology has set its Q1 2026 guidance at 2.100-2.500 EPS. On average, research analysts expect that Seagate Technology Holdings PLC will post 6.83 EPS for the current fiscal year.

Seagate Technology Dividend Announcement

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

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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