Jones Financial Companies Lllp Has $1.47 Million Stake in Seagate Technology Holdings PLC $STX

Key Points

• Jones Financial Companies LLC increased its stake in Seagate Technology by 77.4% during the first quarter, now owning 17,351 shares valued at approximately $1.47 million.
• CEO William D. Mosley sold 20,000 shares at an average price of $153.75, reducing his ownership by 4.01% and earning over $3 million from the transaction.
• Seagate Technology has a consensus rating of "Moderate Buy" among analysts, with an average price target of $158.11 following various upgrades and downgrades in recent months.

Jones Financial Companies Lllp raised its holdings in Seagate Technology Holdings PLC (NASDAQ:STX - Free Report) by 77.4% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 17,351 shares of the data storage provider's stock after acquiring an additional 7,569 shares during the quarter. Jones Financial Companies Lllp's holdings in Seagate Technology were worth $1,474,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the business. Ameriflex Group Inc. bought a new stake in shares of Seagate Technology in the 4th quarter worth approximately $26,000. Elequin Capital LP bought a new position in shares of Seagate Technology in the fourth quarter valued at $27,000. Fourth Dimension Wealth LLC acquired a new stake in shares of Seagate Technology during the 4th quarter valued at $27,000. Wayfinding Financial LLC bought a new stake in shares of Seagate Technology during the 1st quarter worth $31,000. Finally, Golden State Wealth Management LLC boosted its stake 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 worth $39,000 after acquiring an additional 440 shares in the last quarter. Institutional investors own 92.87% of the company's stock.

Insider Buying and Selling at Seagate Technology

In other Seagate Technology news, EVP Ban Seng Teh sold 3,732 shares of the business's stock in a transaction dated Thursday, September 11th. The stock was sold at an average price of $193.30, for a total value of $721,395.60. Following the transaction, the executive vice president owned 4,172 shares in the company, valued at $806,447.60. The trade was a 47.22% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO William D. Mosley sold 20,000 shares of the firm's stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $153.75, for a total value of $3,075,000.00. Following the sale, the chief executive officer directly owned 478,912 shares of the company's stock, valued at $73,632,720. This trade represents a 4.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 75,558 shares of company stock valued at $12,209,971 in the last quarter. Corporate insiders own 0.79% of the company's stock.

Wall Street Analysts Forecast Growth

STX has been the subject of several analyst reports. UBS Group upped their target price on Seagate Technology from $85.00 to $155.00 and gave the company a "neutral" rating in a report on Monday, July 21st. Wells Fargo & Company boosted their price objective on Seagate Technology from $122.00 to $160.00 and gave the stock an "equal weight" rating in a report on Thursday, July 17th. Benchmark upped their price objective on shares of Seagate Technology from $128.00 to $165.00 and gave the company a "buy" rating in a research note on Wednesday, July 30th. Citigroup lifted their target price on shares of Seagate Technology from $167.00 to $215.00 and gave the stock a "buy" rating in a research report on Monday, September 8th. Finally, Bank of America boosted their price target on shares of Seagate Technology from $170.00 to $215.00 and gave the company a "buy" rating in a report on Monday. Fourteen equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $160.89.

Seagate Technology Stock Up 7.7%

Shares of STX traded up $15.13 during trading hours on Monday, reaching $211.12. The company's stock had a trading volume of 7,395,171 shares, compared to its average volume of 3,006,382. The company has a 50 day moving average of $161.00 and a two-hundred day moving average of $122.62. The firm has a market cap of $44.96 billion, a price-to-earnings ratio of 31.18, a P/E/G ratio of 1.21 and a beta of 1.53. Seagate Technology Holdings PLC has a 1-year low of $63.19 and a 1-year high of $214.20.

Seagate Technology (NASDAQ:STX - Get Free Report) last announced its quarterly earnings data on Tuesday, July 29th. The data storage provider reported $2.59 EPS for the quarter, beating analysts' consensus estimates of $2.45 by $0.14. The firm had revenue of $2.44 billion for 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 firm's revenue was up 29.5% on a year-over-year basis. 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. As a group, analysts forecast that Seagate Technology Holdings PLC will post 6.83 EPS for the current fiscal year.

Seagate Technology announced that its board has approved a stock buyback program on Thursday, May 22nd that allows the company to repurchase $5.00 billion in shares. This repurchase authorization allows the data storage provider to purchase up to 21.6% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company's leadership believes its stock is undervalued.

Seagate Technology Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 9th. Stockholders of record on Tuesday, September 30th will be paid a $0.72 dividend. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $2.88 dividend on an annualized basis and a dividend yield of 1.4%. Seagate Technology's dividend payout ratio is 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.