TD Waterhouse Canada Inc. Grows Position in Seagate Technology Holdings PLC $STX

TD Waterhouse Canada Inc. grew its stake in shares of Seagate Technology Holdings PLC (NASDAQ:STX) by 3.1% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 153,387 shares of the data storage provider’s stock after purchasing an additional 4,683 shares during the period. TD Waterhouse Canada Inc. owned approximately 0.07% of Seagate Technology worth $22,247,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in STX. Harbor Asset Planning Inc. purchased a new stake in Seagate Technology during the second quarter worth about $27,000. MTM Investment Management LLC purchased a new position in Seagate Technology in the second quarter valued at about $29,000. Zions Bancorporation National Association UT acquired a new stake in shares of Seagate Technology during the 1st quarter valued at approximately $42,000. GoalVest Advisory LLC boosted its stake in shares of Seagate Technology by 30.6% during the 2nd quarter. GoalVest Advisory LLC now owns 320 shares of the data storage provider’s stock worth $46,000 after acquiring an additional 75 shares in the last quarter. Finally, Costello Asset Management INC acquired a new stake in shares of Seagate Technology in the 1st quarter worth approximately $47,000. Hedge funds and other institutional investors own 92.87% of the company’s stock.

Insiders Place Their Bets

In related news, EVP Ban Seng Teh sold 6,000 shares of the company’s stock in a transaction on Wednesday, November 5th. The stock was sold at an average price of $270.00, for a total value of $1,620,000.00. Following the completion of the transaction, the executive vice president directly owned 12,041 shares in the company, valued at approximately $3,251,070. This represents a 33.26% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Jay L. Geldmacher sold 1,250 shares of the firm’s stock in a transaction dated Friday, October 31st. The stock was sold at an average price of $269.10, for a total value of $336,375.00. Following the completion of the sale, the director directly owned 1,148 shares in the company, valued at approximately $308,926.80. The trade was a 52.13% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 131,261 shares of company stock valued at $34,210,708. 0.79% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

STX has been the subject of several research reports. Mizuho lifted their price objective on Seagate Technology from $245.00 to $280.00 and gave the stock an “outperform” rating in a report on Friday, October 17th. Loop Capital boosted their price objective on shares of Seagate Technology from $350.00 to $465.00 and gave the stock a “buy” rating in a research report on Monday, November 10th. Barclays increased their price objective on shares of Seagate Technology from $200.00 to $240.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 29th. BNP Paribas Exane cut their target price on shares of Seagate Technology from $240.00 to $230.00 and set a “neutral” rating for the company in a research report on Wednesday, October 29th. Finally, Evercore ISI increased their price target on shares of Seagate Technology from $160.00 to $330.00 and gave the company an “outperform” rating in a research report on Monday, October 13th. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $281.36.

Seagate Technology Price Performance

Seagate Technology stock opened at $259.14 on Thursday. The stock has a market capitalization of $55.34 billion, a P/E ratio of 33.27, a P/E/G ratio of 1.17 and a beta of 1.63. Seagate Technology Holdings PLC has a 12-month low of $63.19 and a 12-month high of $297.88. The firm’s 50-day moving average is $238.04 and its two-hundred day moving average is $174.64.

Seagate Technology (NASDAQ:STX) last announced its quarterly earnings data on Tuesday, October 28th. The data storage provider reported $2.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.40 by $0.21. The business had revenue of $2.63 billion for the quarter, compared to the consensus estimate of $2.54 billion. Seagate Technology had a net margin of 17.92% and a negative return on equity of 297.87%. The company’s quarterly revenue was up 21.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.58 earnings per share. Seagate Technology has set its Q2 2026 guidance at 2.550-2.950 EPS. As a group, analysts forecast that Seagate Technology Holdings PLC will post 6.83 EPS for the current year.

Seagate Technology Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 9th. Stockholders of record on Wednesday, December 24th will be issued a dividend of $0.74 per share. This represents a $2.96 annualized dividend and a dividend yield of 1.1%. This is a positive change from Seagate Technology’s previous quarterly dividend of $0.72. The ex-dividend date is Wednesday, December 24th. Seagate Technology’s payout ratio is 38.00%.

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.