American Century Companies Inc. Sells 3,940 Shares of Seagate Technology Holdings PLC $STX

American Century Companies Inc. lowered its position in Seagate Technology Holdings PLC (NASDAQ:STX - Free Report) by 13.5% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 25,159 shares of the data storage provider's stock after selling 3,940 shares during the period. American Century Companies Inc.'s holdings in Seagate Technology were worth $2,137,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in STX. Ameriflex Group Inc. acquired a new position in Seagate Technology during the fourth quarter valued at approximately $26,000. Elequin Capital LP acquired a new position in Seagate Technology during the fourth quarter valued at approximately $27,000. Fourth Dimension Wealth LLC acquired a new position in Seagate Technology during the fourth quarter valued at approximately $27,000. Wayfinding Financial LLC acquired a new position in Seagate Technology during the first quarter valued at approximately $31,000. Finally, Golden State Wealth Management LLC increased its stake 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 purchasing an additional 440 shares during the period. Institutional investors and hedge funds own 92.87% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Susquehanna raised their price objective on shares of Seagate Technology from $68.00 to $80.00 and gave the stock a "negative" rating in a research note on Wednesday, July 30th. Cantor Fitzgerald upgraded shares of Seagate Technology from a "neutral" rating to an "overweight" rating and set a $175.00 target price on the stock in a research note on Wednesday, July 30th. The Goldman Sachs Group assumed coverage on shares of Seagate Technology in a research note on Thursday, July 10th. They issued a "buy" rating and a $170.00 target price on the stock. Barclays lifted their price target on Seagate Technology from $125.00 to $180.00 and gave the company an "equal weight" rating in a report on Thursday, August 28th. Finally, Benchmark boosted their price objective on Seagate Technology from $128.00 to $165.00 and gave the stock a "buy" rating in a report on Wednesday, July 30th. Fourteen analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, Seagate Technology currently has a consensus rating of "Moderate Buy" and an average target price of $154.50.

Seagate Technology Stock Up 2.7%

Shares of STX traded up $4.95 on Friday, hitting $188.93. The company's stock had a trading volume of 2,658,905 shares, compared to its average volume of 3,856,178. The firm's fifty day moving average price is $154.28 and its 200-day moving average price is $117.80. Seagate Technology Holdings PLC has a fifty-two week low of $63.19 and a fifty-two week high of $189.07. The firm has a market capitalization of $40.18 billion, a price-to-earnings ratio of 27.91, a P/E/G ratio of 1.09 and a beta of 1.53.

Seagate Technology (NASDAQ:STX - Get Free Report) last issued its quarterly earnings data 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 business had revenue of $2.44 billion during the quarter, compared to analyst estimates of $2.40 billion. During the same period in the previous year, the firm earned $1.05 EPS. Seagate Technology'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. As a group, equities analysts predict that Seagate Technology Holdings PLC will post 6.83 earnings per share for the current fiscal year.

Seagate Technology Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 9th. Shareholders of record on Tuesday, September 30th will be given a dividend of $0.72 per share. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $2.88 dividend on an annualized basis and a yield of 1.5%. Seagate Technology's dividend payout ratio is 42.54%.

Seagate Technology declared that its board has authorized a stock buyback plan on Thursday, May 22nd that authorizes the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization authorizes the data storage provider to repurchase up to 21.6% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company's leadership believes its shares are undervalued.

Insider Transactions at Seagate Technology

In other Seagate Technology news, CEO William D. Mosley sold 54,347 shares of the company's stock in a transaction that occurred on Monday, June 9th. The stock was sold at an average price of $130.19, for a total transaction of $7,075,435.93. Following the completion of the transaction, the chief executive officer owned 515,677 shares of the company's stock, valued at $67,135,988.63. This represents a 9.53% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Ban Seng Teh sold 5,905 shares of the stock in a transaction on Friday, August 1st. The shares were sold at an average price of $155.00, for a total value of $915,275.00. Following the completion of the sale, the executive vice president owned 6,147 shares in the company, valued at approximately $952,785. This trade represents a 49.00% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 115,019 shares of company stock worth $16,104,159. Insiders own 0.81% 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.