Investors Asset Management of Georgia Inc. GA ADV Purchases Shares of 1,400 Seagate Technology Holdings PLC $STX

Key Points

• Investors Asset Management of Georgia Inc. acquired 1,400 shares of Seagate Technology Holdings PLC valued at approximately $202,000 in the second quarter, amidst increased interest from other large investors.
• Corporate insiders sold significant amounts of Seagate stock recently, including EVP Ban Seng Teh, who sold 5,905 shares for approximately $915,275, resulting in a 49% decrease in his position.
• Seagate Technology reported a strong earnings performance with $2.59 EPS for the quarter, exceeding estimates, and announced a quarterly dividend of $0.72, equating to a 1.1% yield.

Investors Asset Management of Georgia Inc. GA ADV acquired a new stake in shares of Seagate Technology Holdings PLC (NASDAQ:STX - Free Report) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 1,400 shares of the data storage provider's stock, valued at approximately $202,000.

Other large investors also recently bought and sold shares of the company. Wayfinding Financial LLC purchased a new stake in Seagate Technology during the first quarter worth $31,000. Golden State Wealth Management LLC grew its position in shares of Seagate Technology by 2,200.0% during the 1st quarter. Golden State Wealth Management LLC now owns 460 shares of the data storage provider's stock valued at $39,000 after acquiring an additional 440 shares during the period. Zions Bancorporation National Association UT purchased a new stake in shares of Seagate Technology in the first quarter valued at approximately $42,000. Costello Asset Management INC purchased a new position in Seagate Technology during the first quarter valued at $47,000. Finally, Brooklyn Investment Group boosted its holdings in Seagate Technology by 41.5% in the 1st quarter. Brooklyn Investment Group now owns 702 shares of the data storage provider's stock worth $60,000 after buying an additional 206 shares during the last quarter. 92.87% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, EVP Ban Seng Teh sold 5,905 shares of Seagate Technology stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $155.00, for a total value of $915,275.00. Following the completion of the transaction, the executive vice president owned 6,147 shares in the company, valued at approximately $952,785. This trade represents a 49.00% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Jay L. Geldmacher sold 2,500 shares of the business's 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 transaction, the director directly owned 352 shares of the company's stock, valued at approximately $52,976. This represents a 87.66% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 75,935 shares of company stock valued at $14,394,416. Corporate insiders own 0.79% of the company's stock.

Seagate Technology Stock Performance

NASDAQ:STX opened at $252.79 on Monday. Seagate Technology Holdings PLC has a fifty-two week low of $63.19 and a fifty-two week high of $264.83. The company has a 50 day moving average price of $183.78 and a 200 day moving average price of $136.32. The stock has a market capitalization of $53.84 billion, a P/E ratio of 37.34, a PEG ratio of 1.13 and a beta of 1.63.

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

Seagate Technology Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 9th. Shareholders of record on Tuesday, September 30th will be given a $0.72 dividend. This represents a $2.88 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend is Tuesday, September 30th. Seagate Technology's dividend payout ratio (DPR) is currently 42.54%.

Analyst Ratings Changes

STX has been the subject of a number of recent research reports. Cantor Fitzgerald increased their target price on shares of Seagate Technology from $175.00 to $280.00 and gave the company an "overweight" rating in a research report on Monday, September 22nd. Robert W. Baird boosted their target price on Seagate Technology from $120.00 to $188.00 and gave the stock an "outperform" rating in a report on Wednesday, July 30th. Susquehanna upped their price target on Seagate Technology from $68.00 to $80.00 and gave the company a "negative" rating in a research report on Wednesday, July 30th. Bank of America increased their price target on Seagate Technology from $215.00 to $255.00 and gave the company a "buy" rating in a report on Wednesday, September 24th. Finally, Citigroup boosted their price objective on Seagate Technology from $167.00 to $215.00 and gave the stock a "buy" rating in a research note on Monday, September 8th. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $193.32.

About Seagate Technology

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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