R Squared Ltd Makes New Investment in Seagate Technology Holdings PLC $STX

Key Points

• R Squared Ltd has acquired a new stake in Seagate Technology Holdings PLC, purchasing 5,293 shares valued at approximately $764,000 during the second quarter.
• Seagate Technology's stock has risen 5.3% recently, with shares opening at $226.41, contributing to a market cap of $48.22 billion.
• The company reported better-than-expected quarterly earnings with an EPS of $2.59, surpassing analysts' estimates, and anticipates a guidance of 2.100-2.500 EPS for Q1 2026.

R Squared Ltd bought a new stake in Seagate Technology Holdings PLC (NASDAQ:STX - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm bought 5,293 shares of the data storage provider's stock, valued at approximately $764,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Harbor Asset Planning Inc. acquired a new stake in shares of Seagate Technology during the 2nd quarter worth approximately $27,000. Wayfinding Financial LLC bought a new stake in Seagate Technology during the first quarter worth $31,000. Golden State Wealth Management LLC boosted its holdings in shares of Seagate Technology by 2,200.0% in the 1st 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 bought a new position in shares of Seagate Technology in the 1st quarter valued at $42,000. Finally, Costello Asset Management INC bought a new position in shares of Seagate Technology in the 1st quarter valued at $47,000. 92.87% of the stock is currently owned by institutional investors and hedge funds.

Seagate Technology Stock Up 5.3%

Shares of NASDAQ:STX opened at $226.41 on Friday. The firm has a market cap of $48.22 billion, a P/E ratio of 33.44, a P/E/G ratio of 0.95 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 has a fifty day simple moving average of $203.10 and a 200 day simple moving average of $149.02.

Seagate Technology (NASDAQ:STX - Get Free Report) last released 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 quarter in the previous year, the company posted $1.05 EPS. The business's revenue was up 29.5% on a year-over-year basis. Seagate Technology has set its Q1 2026 guidance at 2.100-2.500 EPS. As a group, equities research analysts expect that Seagate Technology Holdings PLC will post 6.83 EPS for the current year.

Seagate Technology Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, October 9th. Shareholders of record on Tuesday, September 30th were issued a dividend of $0.72 per share. The ex-dividend date was Tuesday, September 30th. This represents a $2.88 annualized dividend and a yield of 1.3%. Seagate Technology's dividend payout ratio (DPR) is presently 42.54%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on STX. Loop Capital upped their price objective on Seagate Technology from $200.00 to $350.00 and gave the stock a "buy" rating in a research report on Thursday, October 16th. Evercore ISI increased their target price on shares of Seagate Technology from $160.00 to $330.00 and gave the stock an "outperform" rating in a report on Monday, October 13th. Robert W. Baird raised their price target on shares of Seagate Technology from $120.00 to $188.00 and gave the company an "outperform" rating in a research note on Wednesday, July 30th. UBS Group lifted their price target on shares of Seagate Technology from $155.00 to $235.00 and gave the company a "neutral" rating in a report on Monday. Finally, Bank of America increased their price objective on shares of Seagate Technology from $215.00 to $255.00 and gave the company a "buy" rating in a research note on Wednesday, September 24th. One analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $234.65.

Insider Transactions at Seagate Technology

In other Seagate Technology news, CEO William D. Mosley sold 20,000 shares of the company's stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $249.90, for a total transaction of $4,998,000.00. Following the sale, the chief executive officer owned 485,668 shares of the company's stock, valued at approximately $121,368,433.20. This represents a 3.96% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider James Ci Lee sold 3,509 shares of Seagate Technology stock in a transaction dated Thursday, July 31st. The stock was sold at an average price of $154.74, for a total value of $542,982.66. Following the completion of the transaction, the insider directly owned 1,288 shares of the company's stock, valued at approximately $199,305.12. This trade represents a 73.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 75,620 shares of company stock worth $14,464,056. Company 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.