Atlatl Advisers LLC Acquires New Position in Seagate Technology Holdings PLC $STX

Atlatl Advisers LLC acquired a new stake in Seagate Technology Holdings PLC (NASDAQ:STX) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 9,753 shares of the data storage provider’s stock, valued at approximately $1,408,000.

Several other hedge funds have also recently added to or reduced their stakes in STX. GAMMA Investing LLC increased its holdings in Seagate Technology by 8.5% during the 1st quarter. GAMMA Investing LLC now owns 3,027 shares of the data storage provider’s stock valued at $257,000 after acquiring an additional 237 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in Seagate Technology by 18.0% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 17,122 shares of the data storage provider’s stock valued at $1,454,000 after acquiring an additional 2,611 shares in the last quarter. Oppenheimer & Co. Inc. increased its holdings in Seagate Technology by 27.6% during the 1st quarter. Oppenheimer & Co. Inc. now owns 20,482 shares of the data storage provider’s stock valued at $1,740,000 after acquiring an additional 4,427 shares in the last quarter. Asset Management One Co. Ltd. increased its holdings in Seagate Technology by 5.7% during the 1st quarter. Asset Management One Co. Ltd. now owns 89,021 shares of the data storage provider’s stock valued at $7,562,000 after acquiring an additional 4,799 shares in the last quarter. Finally, International Assets Investment Management LLC purchased a new position in Seagate Technology during the 1st quarter valued at about $201,000. 92.87% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on STX. Wells Fargo & Company raised their target price on shares of Seagate Technology from $160.00 to $240.00 and gave the company an “equal weight” rating in a report on Monday, October 13th. Weiss Ratings restated a “buy (b-)” rating on shares of Seagate Technology in a report on Saturday. TD Cowen lifted their price target on shares of Seagate Technology from $135.00 to $175.00 and gave the stock a “buy” rating in a report on Wednesday, July 30th. The Goldman Sachs Group lifted their price target on shares of Seagate Technology from $170.00 to $270.00 and gave the stock a “buy” rating in a report on Wednesday, October 8th. Finally, Barclays lifted their price target on shares of Seagate Technology from $180.00 to $200.00 and gave the stock an “equal weight” rating in a report on Thursday, September 11th. One research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $234.65.

Seagate Technology Stock Performance

Seagate Technology stock opened at $234.12 on Friday. Seagate Technology Holdings PLC has a 1 year low of $63.19 and a 1 year high of $264.83. The firm has a 50 day moving average price of $204.69 and a 200 day moving average price of $150.75. The company has a market cap of $49.86 billion, a price-to-earnings ratio of 34.58, a PEG ratio of 1.04 and a beta of 1.63.

Seagate Technology (NASDAQ:STX) last released its earnings results on Tuesday, July 29th. The data storage provider reported $2.59 earnings per share (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 firm had revenue of $2.44 billion during the quarter, compared to the consensus estimate of $2.40 billion. During the same period in the previous year, the firm earned $1.05 earnings per share. Seagate Technology’s revenue 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. Sell-side analysts predict that Seagate Technology Holdings PLC will post 6.83 EPS for the current year.

Seagate Technology Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, October 9th. Investors of record on Tuesday, September 30th were issued a $0.72 dividend. This represents a $2.88 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date was Tuesday, September 30th. Seagate Technology’s payout ratio is presently 42.54%.

Insider Transactions at Seagate Technology

In related news, EVP Ban Seng Teh sold 1,410 shares of the business’s stock in a transaction that occurred on Monday, October 13th. The shares were sold at an average price of $225.56, for a total value of $318,039.60. Following the completion of the sale, the executive vice president directly owned 18,041 shares in the company, valued at approximately $4,069,327.96. The trade was a 7.25% 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 the SEC website. Also, EVP John Christopher Morris sold 377 shares of the business’s stock in a transaction that occurred on Tuesday, September 16th. The shares were sold at an average price of $211.26, for a total transaction of $79,645.02. Following the completion of the sale, the executive vice president owned 13,238 shares of the company’s stock, valued at approximately $2,796,659.88. The trade was a 2.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 75,620 shares of company stock valued at $14,464,056 in the last quarter. Insiders own 0.79% of the company’s stock.

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.