International Assets Investment Management LLC Lowers Stock Holdings in Seagate Technology Holdings PLC $STX

International Assets Investment Management LLC trimmed its stake in Seagate Technology Holdings PLC (NASDAQ:STX) by 26.4% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 1,742 shares of the data storage provider’s stock after selling 625 shares during the period. International Assets Investment Management LLC’s holdings in Seagate Technology were worth $251,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Harbor Asset Planning Inc. purchased a new stake in Seagate Technology in the 2nd quarter valued at about $27,000. Wayfinding Financial LLC purchased a new stake in Seagate Technology in the 1st quarter valued at about $31,000. Golden State Wealth Management LLC boosted its position 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 valued at $39,000 after buying an additional 440 shares during the period. Zions Bancorporation National Association UT purchased a new stake in Seagate Technology in the 1st quarter valued at about $42,000. Finally, Costello Asset Management INC purchased a new stake in Seagate Technology in the 1st quarter valued at about $47,000. 92.87% of the stock is owned by hedge funds and other institutional investors.

Seagate Technology Stock Up 5.3%

NASDAQ:STX opened at $226.41 on Friday. Seagate Technology Holdings PLC has a 52 week low of $63.19 and a 52 week high of $264.83. The firm has a 50 day moving average of $203.10 and a 200 day moving average of $149.02. The stock has a market capitalization of $48.22 billion, a price-to-earnings ratio of 33.44, a PEG ratio of 0.95 and a beta of 1.63.

Seagate Technology (NASDAQ:STX) last posted its earnings results on Tuesday, July 29th. The data storage provider reported $2.59 EPS for the quarter, beating analysts’ consensus estimates of $2.45 by $0.14. Seagate Technology had a net margin of 16.15% and a negative return on equity of 169.60%. The company had revenue of $2.44 billion during the quarter, compared to analysts’ expectations of $2.40 billion. During the same quarter in the prior year, the company posted $1.05 earnings per share. Seagate Technology’s revenue for the quarter 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 expect that Seagate Technology Holdings PLC will post 6.83 EPS for the current year.

Seagate Technology Dividend Announcement

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

Insider Buying and Selling at Seagate Technology

In other Seagate Technology news, Director Jay L. Geldmacher sold 2,500 shares of the company’s stock in a transaction that occurred on Wednesday, August 6th. The shares were sold at an average price of $150.50, for a total transaction of $376,250.00. Following the transaction, the director owned 352 shares in the company, valued at approximately $52,976. This represents a 87.66% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP John Christopher Morris sold 15,347 shares of the company’s stock in a transaction that occurred on Friday, September 12th. The shares were sold at an average price of $195.80, for a total transaction of $3,004,942.60. Following the transaction, the executive vice president owned 9,843 shares in the company, valued at $1,927,259.40. The trade was a 60.92% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 75,620 shares of company stock worth $14,464,056 in the last three months. 0.79% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on STX shares. Mizuho upped their price target on shares of Seagate Technology from $245.00 to $280.00 and gave the stock an “outperform” rating in a research report on Friday, October 17th. Morgan Stanley upped their price target on shares of Seagate Technology from $168.00 to $265.00 and gave the stock an “overweight” rating in a research report on Monday, September 29th. Citigroup upped their price target on shares of Seagate Technology from $215.00 to $250.00 and gave the stock a “buy” rating in a research report on Monday, October 13th. TD Cowen upped their price target on shares of Seagate Technology from $135.00 to $175.00 and gave the stock a “buy” rating in a research report on Wednesday, July 30th. Finally, Wedbush upped their price target on shares of Seagate Technology from $175.00 to $260.00 and gave the stock an “outperform” rating in a research report on Thursday, October 16th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Seagate Technology has an average rating of “Moderate Buy” and an average price target of $234.65.

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.