Spirepoint Private Client LLC Makes New $207,000 Investment in Seagate Technology Holdings PLC $STX

Key Points

• Spirepoint Private Client LLC has made a new investment of approximately $207,000 in Seagate Technology, acquiring 1,431 shares of the data storage provider.
• Seagate reported a strong quarterly earnings performance with $2.59 earnings per share, exceeding estimates and reflecting a 29.5% year-over-year revenue increase.
• The company's recent dividend announcement includes a payment of $0.72 per share scheduled for October 9th, representing a 1.3% dividend yield.

Spirepoint Private Client LLC bought a new position in shares of Seagate Technology Holdings PLC (NASDAQ:STX - Free Report) in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 1,431 shares of the data storage provider's stock, valued at approximately $207,000.

A number of other large investors have also recently added to or reduced their stakes in the company. Personal CFO Solutions LLC bought a new position in shares of Seagate Technology in the 1st quarter valued at about $223,000. Amalgamated Bank grew its holdings in shares of Seagate Technology by 0.8% in the 1st quarter. Amalgamated Bank now owns 29,964 shares of the data storage provider's stock valued at $2,545,000 after acquiring an additional 243 shares in the last quarter. Retirement Planning Co of New England Inc. bought a new position in shares of Seagate Technology in the 1st quarter valued at about $272,000. Alps Advisors Inc. grew its holdings in shares of Seagate Technology by 10.2% in the 1st quarter. Alps Advisors Inc. now owns 278,831 shares of the data storage provider's stock valued at $23,687,000 after acquiring an additional 25,817 shares in the last quarter. Finally, Teacher Retirement System of Texas bought a new position in shares of Seagate Technology in the 1st quarter valued at about $2,626,000. Institutional investors own 92.87% of the company's stock.

Seagate Technology Stock Down 1.1%

Shares of Seagate Technology stock opened at $217.51 on Friday. Seagate Technology Holdings PLC has a twelve month low of $63.19 and a twelve month high of $231.96. The stock has a market cap of $46.32 billion, a price-to-earnings ratio of 32.13, a P/E/G ratio of 0.98 and a beta of 1.53. The company's fifty day moving average is $174.24 and its 200 day moving average is $130.52.

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 for the quarter, topping the consensus estimate 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 net margin of 16.15% and a negative return on equity of 169.60%. Seagate Technology's revenue for the quarter was up 29.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.05 earnings per share. Seagate Technology has set its Q1 2026 guidance at 2.100-2.500 EPS. As a group, equities analysts anticipate that Seagate Technology Holdings PLC will post 6.83 earnings per share for the current fiscal year.

Seagate Technology Dividend Announcement

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

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on STX. Bank of America raised their price objective on Seagate Technology from $215.00 to $255.00 and gave the company a "buy" rating in a report on Wednesday. Morgan Stanley raised their target price on shares of Seagate Technology from $167.00 to $168.00 and gave the company an "overweight" rating in a research note on Wednesday, July 30th. Barclays raised their target price on shares of Seagate Technology from $180.00 to $200.00 and gave the company an "equal weight" rating in a research note on Thursday, September 11th. Sanford C. Bernstein initiated coverage on shares of Seagate Technology in a research note on Tuesday, September 16th. They issued an "outperform" rating and a $250.00 target price for the company. Finally, The Goldman Sachs Group initiated coverage on shares of Seagate Technology in a research report on Thursday, July 10th. They set a "buy" rating and a $170.00 price objective for the company. Fifteen analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $185.58.

Insider Activity

In other news, insider James Ci Lee sold 3,509 shares of the company's stock in a transaction dated Thursday, July 31st. The shares were sold at an average price of $154.74, for a total transaction of $542,982.66. Following the transaction, the insider owned 1,288 shares in the company, valued at approximately $199,305.12. This represents a 73.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Ban Seng Teh sold 5,905 shares of the company's stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $155.00, for a total transaction of $915,275.00. Following the transaction, the executive vice president owned 6,147 shares in the company, valued at $952,785. This represents a 49.00% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 75,935 shares of company stock valued at $12,289,616. Corporate insiders own 0.79% of the company's stock.

Seagate Technology Company 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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