Seagate Technology Holdings PLC $STX Shares Purchased by Greenleaf Trust

Greenleaf Trust increased its holdings in shares of Seagate Technology Holdings PLC (NASDAQ:STX) by 7.6% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 6,970 shares of the data storage provider’s stock after purchasing an additional 490 shares during the quarter. Greenleaf Trust’s holdings in Seagate Technology were worth $1,006,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in STX. Personal CFO Solutions LLC acquired a new stake in Seagate Technology in the 1st quarter valued at $223,000. Amalgamated Bank increased its holdings in 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 purchasing an additional 243 shares in the last quarter. Retirement Planning Co of New England Inc. acquired a new stake in shares of Seagate Technology in the first quarter valued at about $272,000. Alps Advisors Inc. grew its stake in shares of Seagate Technology by 10.2% in the first quarter. Alps Advisors Inc. now owns 278,831 shares of the data storage provider’s stock valued at $23,687,000 after buying an additional 25,817 shares in the last quarter. Finally, Teacher Retirement System of Texas acquired a new stake in shares of Seagate Technology in the first quarter valued at about $2,626,000. Institutional investors and hedge funds own 92.87% of the company’s stock.

Insiders Place Their Bets

In other news, CEO William D. Mosley sold 20,000 shares of Seagate Technology stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $153.75, for a total value of $3,075,000.00. Following the completion of the transaction, the chief executive officer directly owned 478,912 shares of the company’s stock, valued at approximately $73,632,720. The trade was a 4.01% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Ban Seng Teh sold 5,905 shares of Seagate Technology stock in a transaction that occurred 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 transaction, the executive vice president owned 6,147 shares of the company’s stock, valued at approximately $952,785. The trade was a 49.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 55,935 shares of company stock worth $9,396,416. Corporate insiders own 0.79% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on STX shares. Rosenblatt Securities increased their price objective on shares of Seagate Technology from $200.00 to $250.00 and gave the company a “buy” rating in a research report on Monday. Cantor Fitzgerald increased their price objective on shares of Seagate Technology from $175.00 to $280.00 and gave the company an “overweight” rating in a research report on Monday, September 22nd. Bank of America raised their price target on shares of Seagate Technology from $215.00 to $255.00 and gave the company a “buy” rating in a report on Wednesday, September 24th. Wells Fargo & Company raised their price target on shares of Seagate Technology from $122.00 to $160.00 and gave the company an “equal weight” rating in a report on Thursday, July 17th. Finally, Robert W. Baird raised their target price on Seagate Technology from $120.00 to $188.00 and gave the company an “outperform” rating in a research note on Wednesday, July 30th. Fifteen analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $193.32.

Seagate Technology Price Performance

Shares of STX stock opened at $256.84 on Thursday. The firm has a market cap of $54.70 billion, a P/E ratio of 37.94, a P/E/G ratio of 1.06 and a beta of 1.63. Seagate Technology Holdings PLC has a 1-year low of $63.19 and a 1-year high of $258.40. The firm has a fifty day moving average of $179.70 and a two-hundred day moving average of $133.40.

Seagate Technology (NASDAQ:STX) last announced 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 during the quarter, compared to analyst estimates of $2.40 billion. Seagate Technology had a net margin of 16.15% and a negative return on equity of 169.60%. The firm’s revenue for the quarter was up 29.5% compared to the same quarter last year. During the same period last year, the business earned $1.05 EPS. Seagate Technology has set its Q1 2026 guidance at 2.100-2.500 EPS. On average, sell-side analysts expect that Seagate Technology Holdings PLC will post 6.83 EPS for the current year.

Seagate Technology Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 9th. Stockholders of record on Tuesday, September 30th will be issued a $0.72 dividend. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $2.88 annualized dividend and a dividend yield of 1.1%. Seagate Technology’s payout ratio is 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.