Janney Montgomery Scott LLC Purchases 12,551 Shares of Seagate Technology Holdings PLC $STX

Key Points

• Janney Montgomery Scott LLC increased its stake in Seagate Technology Holdings PLC by 15.5%, acquiring an additional 12,551 shares and bringing their total to 93,294 shares, valued at approximately $13.5 million.
• Seagate Technology reported earnings of $2.59 per share, beating analyst expectations, with quarterly revenue rising 29.5% year-over-year to $2.44 billion.
• The company declared a quarterly dividend of $0.72 per share, with a record date of September 30, representing an annualized yield of 1.1%.

Janney Montgomery Scott LLC raised its position in shares of Seagate Technology Holdings PLC (NASDAQ:STX - Free Report) by 15.5% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 93,294 shares of the data storage provider's stock after acquiring an additional 12,551 shares during the quarter. Janney Montgomery Scott LLC's holdings in Seagate Technology were worth $13,465,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. Personal CFO Solutions LLC bought a new stake in shares of Seagate Technology in the 1st quarter worth approximately $223,000. Amalgamated Bank boosted its position 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 worth $2,545,000 after purchasing an additional 243 shares in the last quarter. Retirement Planning Co of New England Inc. bought a new stake in shares of Seagate Technology in the 1st quarter worth approximately $272,000. Alps Advisors Inc. boosted its position 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 worth $23,687,000 after purchasing an additional 25,817 shares in the last quarter. Finally, FARMERS & MERCHANTS TRUST Co OF LONG BEACH bought a new stake in shares of Seagate Technology in the 2nd quarter worth approximately $322,000. 92.87% of the stock is owned by institutional investors.

Seagate Technology Stock Performance

Shares of Seagate Technology stock opened at $252.79 on Friday. The company has a market capitalization of $53.84 billion, a P/E ratio of 37.34, a P/E/G ratio of 1.14 and a beta of 1.63. The company has a fifty day moving average of $183.78 and a 200 day moving average of $135.66. Seagate Technology Holdings PLC has a fifty-two week low of $63.19 and a fifty-two week high of $264.83.

Seagate Technology (NASDAQ:STX - Get Free Report) last issued its earnings results on Tuesday, July 29th. The data storage provider reported $2.59 earnings per share 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%. Seagate Technology's quarterly revenue was up 29.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.05 EPS. Seagate Technology has set its Q1 2026 guidance at 2.100-2.500 EPS. Analysts forecast that Seagate Technology Holdings PLC will post 6.83 EPS for the current year.

Seagate Technology Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 9th. Shareholders of record on Tuesday, September 30th will be issued a dividend of $0.72 per share. This represents a $2.88 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend is Tuesday, September 30th. Seagate Technology's dividend payout ratio is 42.54%.

Insider Buying and Selling at Seagate Technology

In other Seagate Technology news, EVP Ban Seng Teh sold 5,905 shares of the 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 owned 6,147 shares of the company's stock, valued at $952,785. This represents a 49.00% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jay L. Geldmacher sold 2,500 shares of the stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $150.50, for a total transaction of $376,250.00. Following the transaction, the director directly owned 352 shares of the company's stock, valued at $52,976. This trade represents a 87.66% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 75,935 shares of company stock worth $14,394,416. Insiders own 0.79% of the company's stock.

Analyst Upgrades and Downgrades

STX has been the subject of a number of recent analyst reports. Bank of America boosted their price objective on shares of Seagate Technology from $215.00 to $255.00 and gave the stock a "buy" rating in a report on Wednesday, September 24th. Rosenblatt Securities boosted their price objective on shares of Seagate Technology from $200.00 to $250.00 and gave the stock a "buy" rating in a report on Monday, September 29th. Mizuho boosted their price objective 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. Susquehanna boosted their price objective on shares of Seagate Technology from $68.00 to $80.00 and gave the stock a "negative" rating in a report on Wednesday, July 30th. Finally, Citigroup boosted their price objective on shares of Seagate Technology from $167.00 to $215.00 and gave the stock a "buy" rating in a report on Monday, September 8th. Sixteen analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $193.32.

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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