Sequoia Financial Advisors LLC Buys 1,478 Shares of Seagate Technology Holdings PLC $STX

Key Points

• Sequoia Financial Advisors LLC increased its stake in Seagate Technology by 38.0%, acquiring an additional 1,478 shares for a total of 5,369 shares valued at approximately $775,000.
• Seagate Technology reported earnings of $2.59 per share, surpassing analysts' expectations, with revenue of $2.44 billion, an increase of 29.5% year-over-year.
• The company's recent quarterly dividend was paid at $0.72 per share, reflecting an annualized payout of $2.88 and a dividend yield of 1.3%.

Sequoia Financial Advisors LLC boosted its stake in Seagate Technology Holdings PLC (NASDAQ:STX - Free Report) by 38.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,369 shares of the data storage provider's stock after purchasing an additional 1,478 shares during the quarter. Sequoia Financial Advisors LLC's holdings in Seagate Technology were worth $775,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Wayfinding Financial LLC bought a new position in Seagate Technology in the 1st quarter worth about $31,000. Golden State Wealth Management LLC boosted its stake in 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 worth $39,000 after purchasing an additional 440 shares during the period. Zions Bancorporation National Association UT bought a new position in Seagate Technology in the 1st quarter worth about $42,000. Costello Asset Management INC bought a new position in Seagate Technology in the 1st quarter worth about $47,000. Finally, Trust Co. of Toledo NA OH bought a new position in Seagate Technology in the 2nd quarter worth about $57,000. Institutional investors own 92.87% of the company's stock.

Seagate Technology Trading Down 0.3%

Shares of NASDAQ STX opened at $225.40 on Friday. The stock has a market cap of $48.00 billion, a price-to-earnings ratio of 33.29, a P/E/G ratio of 1.01 and a beta of 1.63. Seagate Technology Holdings PLC has a 1-year low of $63.19 and a 1-year high of $264.83. The stock's 50-day moving average is $198.09 and its 200 day moving average is $145.45.

Seagate Technology (NASDAQ:STX - Get Free Report) last announced its quarterly earnings data on Tuesday, July 29th. The data storage provider reported $2.59 earnings per share for the quarter, beating analysts' consensus estimates of $2.45 by $0.14. The company had revenue of $2.44 billion for the quarter, compared to analysts' expectations of $2.40 billion. Seagate Technology had a negative return on equity of 169.60% and a net margin of 16.15%.Seagate Technology's revenue for the quarter was up 29.5% compared to the same quarter last year. During the same period last year, the firm posted $1.05 EPS. Seagate Technology has set its Q1 2026 guidance at 2.100-2.500 EPS. On average, analysts forecast that Seagate Technology Holdings PLC will post 6.83 EPS for the current fiscal year.

Seagate Technology Dividend Announcement

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

Insider Activity at Seagate Technology

In related news, insider James Ci Lee sold 3,509 shares of the firm's stock in a transaction that occurred on Thursday, July 31st. The stock was sold at an average price of $154.74, for a total transaction of $542,982.66. Following the transaction, the insider directly owned 1,288 shares in the company, valued at $199,305.12. This trade represents a 73.15% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP John Christopher Morris sold 15,347 shares of the firm's stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $195.80, for a total value of $3,004,942.60. Following the transaction, the executive vice president owned 9,843 shares in the company, valued at approximately $1,927,259.40. The trade was a 60.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 75,620 shares of company stock worth $14,464,056 in the last quarter. 0.79% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on STX. Morgan Stanley raised their price target on Seagate Technology from $168.00 to $265.00 and gave the company an "overweight" rating in a report on Monday, September 29th. TD Cowen raised their price target on Seagate Technology from $135.00 to $175.00 and gave the company a "buy" rating in a report on Wednesday, July 30th. Rosenblatt Securities raised their price target on Seagate Technology from $200.00 to $250.00 and gave the company a "buy" rating in a report on Monday, September 29th. Evercore ISI raised their price target on Seagate Technology from $160.00 to $330.00 and gave the company an "outperform" rating in a report on Monday, October 13th. Finally, Wells Fargo & Company raised their price target on Seagate Technology from $160.00 to $240.00 and gave the company an "equal weight" rating in a report on Monday, October 13th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Seagate Technology presently has an average rating of "Moderate Buy" and a consensus price target of $229.40.

About Seagate Technology

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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