Park Avenue Securities LLC Has $1.09 Million Holdings in Seagate Technology Holdings PLC $STX

Key Points

• Park Avenue Securities LLC increased its stake in Seagate Technology by 19.1%, bringing its total holdings to $1.09 million after purchasing 1,205 shares in the second quarter.
• Seagate Technology reported quarterly earnings of $2.59 EPS, surpassing analyst expectations of $2.45, with revenue also up 29.5% year-over-year.
• The company has announced a quarterly dividend of $0.72 per share, representing a 1.3% yield, with a dividend payout ratio of 42.54%.

Park Avenue Securities LLC increased its stake in shares of Seagate Technology Holdings PLC (NASDAQ:STX - Free Report) by 19.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,518 shares of the data storage provider's stock after buying an additional 1,205 shares during the quarter. Park Avenue Securities LLC's holdings in Seagate Technology were worth $1,085,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. Mackenzie Financial Corp grew its holdings in shares of Seagate Technology by 10.5% during the 4th quarter. Mackenzie Financial Corp now owns 19,770 shares of the data storage provider's stock worth $1,706,000 after purchasing an additional 1,877 shares in the last quarter. Ameriflex Group Inc. acquired a new stake in shares of Seagate Technology during the 4th quarter worth $26,000. Siemens Fonds Invest GmbH grew its stake in Seagate Technology by 116.9% during the fourth quarter. Siemens Fonds Invest GmbH now owns 4,392 shares of the data storage provider's stock worth $379,000 after buying an additional 2,367 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in Seagate Technology by 14.4% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 14,511 shares of the data storage provider's stock worth $1,252,000 after buying an additional 1,832 shares in the last quarter. Finally, Versant Capital Management Inc grew its stake in Seagate Technology by 712.6% during the first quarter. Versant Capital Management Inc now owns 967 shares of the data storage provider's stock worth $82,000 after buying an additional 848 shares in the last quarter. Institutional investors and hedge funds own 92.87% of the company's stock.

Seagate Technology Stock Down 1.1%

NASDAQ STX opened at $217.51 on Friday. Seagate Technology Holdings PLC has a twelve month low of $63.19 and a twelve month high of $231.96. The company has a market cap of $46.32 billion, a price-to-earnings ratio of 32.13, a price-to-earnings-growth ratio of 0.99 and a beta of 1.53. The business's fifty day moving average is $174.24 and its 200 day moving average is $130.21.

Seagate Technology (NASDAQ:STX - Get Free Report) last announced its quarterly earnings results 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. Seagate Technology had a negative return on equity of 169.60% and a net margin of 16.15%.The firm had revenue of $2.44 billion for the quarter, compared to analyst estimates of $2.40 billion. During the same period last year, the firm posted $1.05 earnings per share. The business's revenue for the quarter was up 29.5% on a year-over-year basis. Seagate Technology has set its Q1 2026 guidance at 2.100-2.500 EPS. On average, research analysts anticipate 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 announced a quarterly dividend, which will be paid on Thursday, October 9th. Investors of record on Tuesday, September 30th will be given a dividend of $0.72 per share. The ex-dividend date is Tuesday, September 30th. This represents a $2.88 annualized dividend and a yield of 1.3%. Seagate Technology's dividend payout ratio (DPR) is currently 42.54%.

Analysts Set New Price Targets

STX has been the topic of several analyst reports. Rosenblatt Securities increased their price target on shares of Seagate Technology from $185.00 to $200.00 and gave the stock a "buy" rating in a research report on Wednesday, July 30th. Wells Fargo & Company raised their target price on Seagate Technology from $122.00 to $160.00 and gave the company an "equal weight" rating in a report on Thursday, July 17th. Robert W. Baird raised their target price on Seagate Technology from $120.00 to $188.00 and gave the company an "outperform" rating in a report on Wednesday, July 30th. Mizuho raised their price objective on Seagate Technology from $160.00 to $245.00 and gave the company an "outperform" rating in a research note on Friday, September 19th. Finally, The Goldman Sachs Group started coverage on Seagate Technology in a research note on Thursday, July 10th. They issued a "buy" rating and a $170.00 price objective on the stock. Fifteen investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Seagate Technology currently has a consensus rating of "Moderate Buy" and a consensus target price of $185.58.

Insider Buying and Selling at Seagate Technology

In other news, Director Jay L. Geldmacher sold 2,500 shares of Seagate Technology stock in a transaction on 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 owned 352 shares in the company, valued at approximately $52,976. The trade was a 87.66% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Ban Seng Teh sold 3,732 shares of Seagate Technology stock in a transaction on Thursday, September 11th. The stock was sold at an average price of $193.30, for a total transaction of $721,395.60. Following the transaction, the executive vice president owned 4,172 shares in the company, valued at approximately $806,447.60. This trade represents a 47.22% decrease in their position. The disclosure for this sale can be found here. Insiders sold 75,935 shares of company stock worth $12,289,616 over the last quarter. Insiders own 0.79% of the company's stock.

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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