Robeco Institutional Asset Management B.V. Has $1.92 Million Holdings in Seagate Technology Holdings PLC $STX

Robeco Institutional Asset Management B.V. lessened its holdings in Seagate Technology Holdings PLC (NASDAQ:STX - Free Report) by 87.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 13,313 shares of the data storage provider's stock after selling 95,383 shares during the quarter. Robeco Institutional Asset Management B.V.'s holdings in Seagate Technology were worth $1,921,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of STX. Wayfinding Financial LLC bought a new position in Seagate Technology in the first quarter valued at approximately $31,000. Golden State Wealth Management LLC increased its holdings 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 worth $39,000 after buying an additional 440 shares during the last quarter. Zions Bancorporation National Association UT acquired a new position in Seagate Technology during the first quarter worth $42,000. Costello Asset Management INC acquired a new position in Seagate Technology during the first quarter worth $47,000. Finally, Brooklyn Investment Group boosted 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 worth $60,000 after purchasing an additional 206 shares during the period. Institutional investors own 92.87% of the company's stock.

Seagate Technology Trading Down 7.3%

Shares of STX opened at $225.01 on Wednesday. The company has a market cap of $47.92 billion, a PE ratio of 33.24, a price-to-earnings-growth ratio of 1.09 and a beta of 1.63. The stock has a 50-day moving average price of $187.07 and a 200-day moving average price of $138.01. Seagate Technology Holdings PLC has a 12-month low of $63.19 and a 12-month high of $264.83.

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 analysts' consensus estimates of $2.45 by $0.14. The firm had revenue of $2.44 billion during 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 company's revenue for the quarter was up 29.5% on a year-over-year basis. During the same quarter last year, the company posted $1.05 EPS. Seagate Technology has set its Q1 2026 guidance at 2.100-2.500 EPS. As a group, analysts predict that Seagate Technology Holdings PLC will post 6.83 earnings per share for the current year.

Seagate Technology Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 9th. Shareholders of record on Tuesday, September 30th will be paid a $0.72 dividend. This represents a $2.88 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend is Tuesday, September 30th. Seagate Technology's payout ratio is 42.54%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Mizuho boosted their target price on shares of Seagate Technology from $160.00 to $245.00 and gave the company an "outperform" rating in a research report on Friday, September 19th. Barclays upped their price objective on shares of Seagate Technology from $180.00 to $200.00 and gave the stock an "equal weight" rating in a research report on Thursday, September 11th. UBS Group boosted their target price on Seagate Technology from $85.00 to $155.00 and gave the stock a "neutral" rating in a research note on Monday, July 21st. TD Cowen upped their price objective on Seagate Technology from $135.00 to $175.00 and gave the company a "buy" rating in a research note on Wednesday, July 30th. Finally, Zacks Research raised shares of Seagate Technology from a "hold" rating to a "strong-buy" rating in a research report on Thursday, October 2nd. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $193.32.

Insider Activity

In other news, EVP John Christopher Morris sold 15,347 shares of the company's stock in a transaction on 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 of the company's stock, valued at $1,927,259.40. This represents a 60.92% 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, Director Jay L. Geldmacher sold 2,500 shares of the company's stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $150.50, for a total value of $376,250.00. Following the sale, the director owned 352 shares of the company's stock, valued at approximately $52,976. This trade represents a 87.66% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 75,935 shares of company stock valued at $14,394,416. 0.79% of the stock is owned by insiders.

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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