Ethic Inc. Acquires 2,851 Shares of Seagate Technology Holdings PLC $STX

Ethic Inc. boosted its holdings in Seagate Technology Holdings PLC (NASDAQ:STX) by 16.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 20,270 shares of the data storage provider’s stock after buying an additional 2,851 shares during the period. Ethic Inc.’s holdings in Seagate Technology were worth $2,867,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its position in Seagate Technology by 2.7% in the 1st quarter. Vanguard Group Inc. now owns 28,743,126 shares of the data storage provider’s stock worth $2,441,729,000 after buying an additional 769,009 shares during the period. JPMorgan Chase & Co. increased its position in Seagate Technology by 12.9% in the 1st quarter. JPMorgan Chase & Co. now owns 18,920,792 shares of the data storage provider’s stock worth $1,607,321,000 after buying an additional 2,161,191 shares during the period. Invesco Ltd. increased its position in Seagate Technology by 3.6% in the 1st quarter. Invesco Ltd. now owns 2,861,418 shares of the data storage provider’s stock worth $243,077,000 after buying an additional 99,884 shares during the period. Royal Bank of Canada increased its position in Seagate Technology by 0.8% in the 1st quarter. Royal Bank of Canada now owns 1,628,941 shares of the data storage provider’s stock worth $138,378,000 after buying an additional 12,424 shares during the period. Finally, Deutsche Bank AG increased its position in Seagate Technology by 4.5% in the 1st quarter. Deutsche Bank AG now owns 1,181,460 shares of the data storage provider’s stock worth $100,365,000 after buying an additional 50,699 shares during the period. 92.87% of the stock is owned by institutional investors.

Seagate Technology Price Performance

Shares of STX stock opened at $234.12 on Friday. The stock’s fifty day simple moving average is $204.69 and its 200 day simple moving average is $150.17. The firm has a market cap of $49.86 billion, a price-to-earnings ratio of 34.58, a P/E/G ratio of 1.00 and a beta of 1.63. Seagate Technology Holdings PLC has a one year low of $63.19 and a one year high of $264.83.

Seagate Technology (NASDAQ:STX) last announced its quarterly earnings results on Tuesday, July 29th. The data storage provider reported $2.59 EPS for the quarter, beating the consensus estimate of $2.45 by $0.14. The business had revenue of $2.44 billion for the quarter, compared to analyst estimates 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 quarterly revenue was up 29.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.05 EPS. Seagate Technology has set its Q1 2026 guidance at 2.100-2.500 EPS. On average, research analysts anticipate that Seagate Technology Holdings PLC will post 6.83 earnings per share for the current 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 $0.72 dividend. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a $2.88 annualized dividend and a yield of 1.2%. Seagate Technology’s payout ratio is currently 42.54%.

Analysts Set New Price Targets

Several brokerages have commented on STX. Susquehanna lifted their price target on Seagate Technology from $68.00 to $80.00 and gave the stock a “negative” rating in a research report on Wednesday, July 30th. The Goldman Sachs Group boosted their price objective on Seagate Technology from $170.00 to $270.00 and gave the company a “buy” rating in a research report on Wednesday, October 8th. Cantor Fitzgerald boosted their price objective on Seagate Technology from $175.00 to $280.00 and gave the company an “overweight” rating in a research report on Monday, September 22nd. TD Cowen boosted their price objective on Seagate Technology from $135.00 to $175.00 and gave the company a “buy” rating in a research report on Wednesday, July 30th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Seagate Technology in a research report on Wednesday, October 8th. 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 assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $234.65.

Insiders Place Their Bets

In other Seagate Technology news, insider James Ci Lee sold 1,116 shares of the business’s stock in a transaction on Friday, August 1st. The stock was sold at an average price of $153.36, for a total value of $171,149.76. Following the transaction, the insider owned 257 shares of the company’s stock, valued at approximately $39,413.52. The trade was a 81.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP John Christopher Morris sold 377 shares of the business’s stock in a transaction on Tuesday, September 16th. The stock was sold at an average price of $211.26, for a total value of $79,645.02. Following the completion of the transaction, the executive vice president directly owned 13,238 shares in the company, valued at approximately $2,796,659.88. This represents a 2.77% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 75,620 shares of company stock worth $14,464,056 over the last quarter. Corporate insiders own 0.79% of the company’s stock.

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.