Seagate Technology Holdings PLC $STX Shares Bought by Cwm LLC

Cwm LLC raised its stake in shares of Seagate Technology Holdings PLC (NASDAQ:STX - Free Report) by 153.6% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,360 shares of the data storage provider's stock after acquiring an additional 5,669 shares during the period. Cwm LLC's holdings in Seagate Technology were worth $1,351,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in STX. GAMMA Investing LLC raised its position in Seagate Technology by 8.5% in the first quarter. GAMMA Investing LLC now owns 3,027 shares of the data storage provider's stock valued at $257,000 after purchasing an additional 237 shares during the period. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Seagate Technology by 18.0% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 17,122 shares of the data storage provider's stock valued at $1,454,000 after buying an additional 2,611 shares during the period. Sowell Financial Services LLC purchased a new position in Seagate Technology during the 1st quarter valued at about $200,000. State of Alaska Department of Revenue boosted its holdings in Seagate Technology by 2.9% during the 1st quarter. State of Alaska Department of Revenue now owns 24,806 shares of the data storage provider's stock valued at $2,107,000 after acquiring an additional 690 shares during the period. Finally, Blue Trust Inc. grew its position in Seagate Technology by 12.7% in the 1st quarter. Blue Trust Inc. now owns 2,842 shares of the data storage provider's stock valued at $241,000 after acquiring an additional 320 shares in the last quarter. 92.87% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have recently commented on STX. Cantor Fitzgerald lifted their price objective on shares of Seagate Technology from $175.00 to $280.00 and gave the company an "overweight" rating in a report on Monday, September 22nd. Wedbush boosted their price target on shares of Seagate Technology from $175.00 to $260.00 and gave the stock an "outperform" rating in a research note on Thursday, October 16th. Mizuho upped their price objective on Seagate Technology from $245.00 to $280.00 and gave the stock an "outperform" rating in a research report on Friday. Bank of America lifted their target price on Seagate Technology from $215.00 to $255.00 and gave the company a "buy" rating in a report on Wednesday, September 24th. Finally, UBS Group upped their price target on Seagate Technology from $155.00 to $235.00 and gave the stock a "neutral" rating in a report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $233.40.

Insider Transactions at Seagate Technology

In related news, insider James Ci Lee sold 1,116 shares of the firm's stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $153.36, for a total transaction of $171,149.76. Following the transaction, the insider owned 257 shares in the company, valued at $39,413.52. This trade represents a 81.28% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Ban Seng Teh sold 1,410 shares of Seagate Technology stock in a transaction that occurred on Monday, October 13th. The stock was sold at an average price of $225.56, for a total value of $318,039.60. Following the transaction, the executive vice president directly owned 18,041 shares in the company, valued at approximately $4,069,327.96. This trade represents a 7.25% decrease in their position. The disclosure for this sale can be found here. Insiders sold 75,620 shares of company stock valued at $14,464,056 over the last quarter. 0.79% of the stock is owned by corporate insiders.

Seagate Technology Stock Performance

STX opened at $214.40 on Tuesday. Seagate Technology Holdings PLC has a one year low of $63.19 and a one year high of $264.83. The company has a market cap of $45.66 billion, a P/E ratio of 31.67, a PEG ratio of 1.01 and a beta of 1.63. The business's 50-day simple moving average is $199.34 and its 200-day simple moving average is $146.99.

Seagate Technology (NASDAQ:STX - Get Free Report) last announced 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. 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 during the quarter, compared to the consensus estimate of $2.40 billion. During the same period in the prior year, the company posted $1.05 earnings per share. The firm'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, analysts predict that Seagate Technology Holdings PLC will post 6.83 earnings per share for the current fiscal year.

Seagate Technology Announces Dividend

The business 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 dividend payout ratio (DPR) 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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