RFG Advisory LLC Acquires New Shares in Seagate Technology Holdings PLC $STX

Key Points

• RFG Advisory LLC recently acquired 3,652 shares of Seagate Technology Holdings PLC, valued at approximately $527,000, indicating significant institutional interest in the company.
• Seagate Technology's stock has seen a strong performance with a 52-week high of $264.83 and a consensus price target of $229.40 from analysts, showing positive outlook.
• Insiders are selling shares, with notable transactions including CEO William D. Mosley selling 20,000 shares valued at $4.998 million, raising questions about executive confidence in the company's stock.

RFG Advisory LLC purchased a new position in Seagate Technology Holdings PLC (NASDAQ:STX - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 3,652 shares of the data storage provider's stock, valued at approximately $527,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Wayfinding Financial LLC acquired a new stake in shares of Seagate Technology in the first quarter worth about $31,000. Trust Co. of Toledo NA OH acquired a new stake in shares of Seagate Technology in the second quarter worth about $57,000. Bruce G. Allen Investments LLC lifted its position in shares of Seagate Technology by 28.1% in the second quarter. Bruce G. Allen Investments LLC now owns 419 shares of the data storage provider's stock worth $60,000 after buying an additional 92 shares during the last quarter. TD Private Client Wealth LLC lifted its position in shares of Seagate Technology by 30.2% in the second quarter. TD Private Client Wealth LLC now owns 457 shares of the data storage provider's stock worth $66,000 after buying an additional 106 shares during the last quarter. Finally, Golden State Wealth Management LLC lifted its position in shares of Seagate Technology by 2,200.0% in the first quarter. Golden State Wealth Management LLC now owns 460 shares of the data storage provider's stock worth $39,000 after buying an additional 440 shares during the last quarter. Institutional investors and hedge funds own 92.87% of the company's stock.

Insider Activity

In related news, EVP John Christopher Morris sold 15,347 shares of the business's stock in a transaction dated Friday, September 12th. The stock was sold at an average price of $195.80, for a total transaction of $3,004,942.60. Following the transaction, the executive vice president directly owned 9,843 shares in the company, valued at $1,927,259.40. The trade was a 60.92% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO William D. Mosley sold 20,000 shares of the business's stock in a transaction dated 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 transaction, the chief executive officer owned 485,668 shares in the company, valued at $121,368,433.20. This represents a 3.96% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 75,620 shares of company stock valued at $14,464,056. Corporate insiders own 0.79% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. UBS Group boosted their price target on Seagate Technology from $85.00 to $155.00 and gave the stock a "neutral" rating in a research report on Monday, July 21st. Cantor Fitzgerald lifted their price objective on Seagate Technology from $175.00 to $280.00 and gave the stock an "overweight" rating in a research note on Monday, September 22nd. Barclays lifted their price objective on Seagate Technology from $180.00 to $200.00 and gave the stock an "equal weight" rating in a research note on Thursday, September 11th. Rosenblatt Securities lifted their price objective on Seagate Technology from $200.00 to $250.00 and gave the stock a "buy" rating in a research note on Monday, September 29th. Finally, Wedbush lifted their price objective on Seagate Technology from $175.00 to $260.00 and gave the stock an "outperform" rating in a research note on Thursday. One analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $229.40.

Seagate Technology Stock Performance

Seagate Technology stock opened at $225.40 on Friday. Seagate Technology Holdings PLC has a 52 week low of $63.19 and a 52 week high of $264.83. The firm has a market capitalization of $48.00 billion, a PE ratio of 33.29, a PEG ratio of 1.01 and a beta of 1.63. The business's 50-day simple moving average is $198.09 and its 200-day simple moving average is $145.03.

Seagate Technology (NASDAQ:STX - Get Free Report) last issued its quarterly earnings results on Tuesday, July 29th. The data storage provider reported $2.59 earnings per share (EPS) for the quarter, beating the consensus estimate 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 in the previous year, the company posted $1.05 earnings per share. The company's quarterly revenue was up 29.5% compared to the same quarter last year. Seagate Technology has set its Q1 2026 guidance at 2.100-2.500 EPS. 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 declared a quarterly dividend, which was paid on Thursday, October 9th. Investors of record on Tuesday, September 30th were paid a dividend of $0.72 per share. This represents a $2.88 annualized dividend and a yield of 1.3%. The ex-dividend date was Tuesday, September 30th. Seagate Technology's payout ratio is currently 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.

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