Hilltop National Bank Takes $1.47 Million Position in Seagate Technology Holdings PLC $STX

Hilltop National Bank bought a new stake in shares of Seagate Technology Holdings PLC (NASDAQ:STX - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 10,183 shares of the data storage provider's stock, valued at approximately $1,470,000.

Several other institutional investors have also recently made changes to their positions in the company. JPMorgan Chase & Co. increased its holdings in Seagate Technology by 12.9% in 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 acquiring an additional 2,161,191 shares in the last quarter. Wellington Management Group LLP increased its holdings in Seagate Technology by 3,339.4% in the 1st quarter. Wellington Management Group LLP now owns 933,996 shares of the data storage provider's stock worth $79,343,000 after acquiring an additional 906,840 shares in the last quarter. Vanguard Group Inc. increased its holdings in Seagate Technology by 2.7% in the 1st quarter. Vanguard Group Inc. now owns 28,743,126 shares of the data storage provider's stock worth $2,441,729,000 after acquiring an additional 769,009 shares in the last quarter. Wedge Capital Management L L P NC purchased a new stake in Seagate Technology in the 1st quarter worth $50,792,000. Finally, GAMMA Investing LLC increased its holdings in Seagate Technology by 9,116.6% in the 1st quarter. GAMMA Investing LLC now owns 257,144 shares of the data storage provider's stock worth $21,844,000 after acquiring an additional 254,354 shares in the last quarter. 92.87% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on STX shares. Mizuho boosted their price target on shares of Seagate Technology from $160.00 to $245.00 and gave the stock an "outperform" rating in a report on Friday, September 19th. Rosenblatt Securities boosted their price target on shares of Seagate Technology from $200.00 to $250.00 and gave the stock a "buy" rating in a report on Monday. UBS Group boosted their price target on shares of Seagate Technology from $85.00 to $155.00 and gave the stock a "neutral" rating in a report on Monday, July 21st. Wells Fargo & Company boosted their price target on shares of Seagate Technology from $122.00 to $160.00 and gave the stock an "equal weight" rating in a report on Thursday, July 17th. Finally, TD Cowen lifted their target price on shares of Seagate Technology from $135.00 to $175.00 and gave the stock a "buy" rating in a research note on Wednesday, July 30th. Fifteen investment analysts have rated the stock with 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, Seagate Technology presently has an average rating of "Moderate Buy" and a consensus target price of $193.32.

Insider Activity

In other Seagate Technology news, EVP John Christopher Morris sold 15,347 shares of the company's stock in a transaction dated Friday, September 12th. The shares were sold at an average price of $195.80, for a total value of $3,004,942.60. Following the transaction, the executive vice president owned 9,843 shares of the company's stock, valued at $1,927,259.40. This represents a 60.92% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Ban Seng Teh sold 5,905 shares of the company's stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $155.00, for a total transaction of $915,275.00. Following the completion of the transaction, the executive vice president directly owned 6,147 shares in the company, valued at $952,785. The trade was a 49.00% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 55,935 shares of company stock worth $9,396,416. Insiders own 0.79% of the company's stock.

Seagate Technology Trading Down 0.8%

Shares of STX stock opened at $254.74 on Friday. The company's 50-day moving average price is $181.74 and its 200-day moving average price is $134.53. The stock has a market cap of $54.25 billion, a price-to-earnings ratio of 37.63, a PEG ratio of 1.15 and a beta of 1.63. Seagate Technology Holdings PLC has a twelve month low of $63.19 and a twelve month high of $264.83.

Seagate Technology (NASDAQ:STX - Get Free Report) last announced its quarterly earnings results on Tuesday, July 29th. The data storage provider reported $2.59 earnings per share for the quarter, beating the consensus estimate of $2.45 by $0.14. The firm had revenue of $2.44 billion for the quarter, compared to analysts' expectations 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 was up 29.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.05 EPS. Seagate Technology has set its Q1 2026 guidance at 2.100-2.500 EPS. As a group, equities research analysts predict that Seagate Technology Holdings PLC will post 6.83 EPS for the current year.

Seagate Technology Dividend Announcement

The company 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 dividend of $0.72 per share. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $2.88 annualized dividend and a dividend yield of 1.1%. Seagate Technology's payout ratio is presently 42.54%.

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.

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