Quarry Hill Advisors LLC bought a new stake in shares of Seagate Technology Holdings PLC (NASDAQ:STX - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 2,024 shares of the data storage provider's stock, valued at approximately $292,000.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Wayfinding Financial LLC purchased a new position in Seagate Technology during the first quarter valued at $31,000. Golden State Wealth Management LLC lifted its position in Seagate Technology by 2,200.0% during the first quarter. Golden State Wealth Management LLC now owns 460 shares of the data storage provider's stock valued at $39,000 after purchasing an additional 440 shares in the last quarter. Zions Bancorporation National Association UT purchased a new position in Seagate Technology during the first quarter valued at $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 lifted its position in Seagate Technology by 41.5% during the first quarter. Brooklyn Investment Group now owns 702 shares of the data storage provider's stock valued at $60,000 after purchasing an additional 206 shares in the last quarter. 92.87% of the stock is currently owned by hedge funds and other institutional investors.
Insider Buying and Selling at Seagate Technology
In other Seagate Technology news, EVP John Christopher Morris sold 377 shares of the company's stock in a transaction that occurred on Tuesday, September 16th. The stock was sold at an average price of $211.26, for a total transaction of $79,645.02. Following the sale, the executive vice president directly owned 13,238 shares in the company, valued at $2,796,659.88. This represents a 2.77% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CEO William D. Mosley sold 20,000 shares of the company's stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of $249.90, for a total value of $4,998,000.00. Following the sale, the chief executive officer owned 485,668 shares in the company, valued at approximately $121,368,433.20. This trade represents a 3.96% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 75,935 shares of company stock valued at $14,394,416. Corporate insiders own 0.79% of the company's stock.
Seagate Technology Trading Down 0.3%
NASDAQ:STX opened at $224.35 on Thursday. The company has a market capitalization of $47.78 billion, a P/E ratio of 33.14, a P/E/G ratio of 1.01 and a beta of 1.63. Seagate Technology Holdings PLC has a 12 month low of $63.19 and a 12 month high of $264.83. The business's 50-day moving average is $188.61 and its 200 day moving average is $138.61.
Seagate Technology (NASDAQ:STX - Get Free Report) last posted its earnings results on Tuesday, July 29th. The data storage provider reported $2.59 EPS for the quarter, topping analysts' consensus estimates of $2.45 by $0.14. The company had revenue of $2.44 billion for 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%.The firm's revenue for the quarter was up 29.5% on a year-over-year basis. During the same period in the previous year, the business earned $1.05 earnings per share. Seagate Technology has set its Q1 2026 guidance at 2.100-2.500 EPS. On average, research analysts forecast that Seagate Technology Holdings PLC will post 6.83 earnings per share for the current year.
Seagate Technology Announces Dividend
The company 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 $0.72 dividend. This represents a $2.88 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date is Tuesday, September 30th. Seagate Technology's payout ratio is currently 42.54%.
Wall Street Analysts Forecast Growth
A number of research firms have commented on STX. Wells Fargo & Company raised their price target on Seagate Technology from $122.00 to $160.00 and gave the company an "equal weight" rating in a report on Thursday, July 17th. Mizuho raised their price target on Seagate Technology from $160.00 to $245.00 and gave the company an "outperform" rating in a report on Friday, September 19th. Bank of America raised 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. Cantor Fitzgerald raised their price target on Seagate Technology from $175.00 to $280.00 and gave the company an "overweight" rating in a report on Monday, September 22nd. Finally, Barclays raised their price target on Seagate Technology from $180.00 to $200.00 and gave the company an "equal weight" rating in a report on Thursday, September 11th. One investment 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 stock. According to MarketBeat, Seagate Technology presently has a consensus rating of "Moderate Buy" and an average target price of $198.58.
View Our Latest Stock Analysis on STX
About Seagate Technology
(
Free Report)
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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