Foster & Motley Inc. Purchases Shares of 800 Seagate Technology Holdings PLC $STX

Foster & Motley Inc. purchased a new position in shares of Seagate Technology Holdings PLC (NASDAQ:STX) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 800 shares of the data storage provider’s stock, valued at approximately $772,000.

Several other institutional investors and hedge funds have also made changes to their positions in STX. Trust Co. of Vermont purchased a new position in shares of Seagate Technology in the 2nd quarter valued at about $54,000. Annis Gardner Whiting Capital Advisors LLC lifted its stake in Seagate Technology by 23.1% during the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 80 shares of the data storage provider’s stock worth $31,000 after purchasing an additional 15 shares during the last quarter. Salomon & Ludwin LLC boosted its holdings in Seagate Technology by 124.4% in the fourth quarter. Salomon & Ludwin LLC now owns 92 shares of the data storage provider’s stock valued at $27,000 after purchasing an additional 51 shares in the last quarter. WealthCollab LLC boosted its holdings in Seagate Technology by 27.4% in the first quarter. WealthCollab LLC now owns 93 shares of the data storage provider’s stock valued at $36,000 after purchasing an additional 20 shares in the last quarter. Finally, Catalyst Capital Advisors LLC purchased a new position in Seagate Technology in the first quarter valued at approximately $39,000. 92.87% of the stock is owned by institutional investors and hedge funds.

Seagate Technology Price Performance

Shares of NASDAQ STX opened at $832.56 on Thursday. The company has a current ratio of 1.67, a quick ratio of 1.17 and a debt-to-equity ratio of 1.56. Seagate Technology Holdings PLC has a twelve month low of $152.50 and a twelve month high of $1,145.00. The stock has a 50 day moving average of $895.20 and a two-hundred day moving average of $677.30. The stock has a market cap of $188.70 billion, a P/E ratio of 59.98 and a beta of 2.06.

Seagate Technology (NASDAQ:STX) last announced its earnings results on Tuesday, July 28th. The data storage provider reported $5.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.10 by $0.61. The business had revenue of $3.63 billion for the quarter, compared to analyst estimates of $3.50 billion. Seagate Technology had a net margin of 26.11% and a return on equity of 369.98%. The company’s revenue for the quarter was up 48.5% compared to the same quarter last year. During the same period last year, the firm posted $2.59 earnings per share. Seagate Technology has set its Q1 2027 guidance at 7.100-7.500 EPS. On average, research analysts forecast that Seagate Technology Holdings PLC will post 34.42 earnings per share for the current year.

Seagate Technology Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 7th. Investors of record on Thursday, September 24th will be paid a dividend of $0.74 per share. The ex-dividend date is Thursday, September 24th. This represents a $2.96 dividend on an annualized basis and a yield of 0.4%. Seagate Technology’s dividend payout ratio is currently 21.33%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on STX. Wedbush raised their price objective on shares of Seagate Technology from $825.00 to $1,000.00 and gave the stock an “outperform” rating in a report on Wednesday, July 29th. Wells Fargo & Company upped their target price on shares of Seagate Technology from $1,100.00 to $1,180.00 and gave the company an “overweight” rating in a report on Wednesday, July 29th. JPMorgan Chase & Co. increased their target price on shares of Seagate Technology from $1,095.00 to $1,240.00 and gave the company an “overweight” rating in a research report on Wednesday, July 29th. Fox Advisors lowered shares of Seagate Technology from an “overweight” rating to an “equal weight” rating in a research note on Monday, June 22nd. Finally, Loop Capital boosted their price target on shares of Seagate Technology from $950.00 to $1,140.00 and gave the company a “buy” rating in a research report on Friday, May 15th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $986.00.

Insiders Place Their Bets

In other Seagate Technology news, CEO William D. Mosley sold 20,657 shares of the firm’s stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $910.48, for a total transaction of $18,807,785.36. Following the transaction, the chief executive officer directly owned 320,860 shares of the company’s stock, valued at approximately $292,136,612.80. This trade represents a 6.05% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Gianluca Romano sold 14,091 shares of Seagate Technology stock in a transaction on Friday, August 7th. The shares were sold at an average price of $811.25, for a total transaction of $11,431,323.75. Following the completion of the transaction, the chief financial officer owned 21,543 shares in the company, valued at approximately $17,476,758.75. This represents a 39.54% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 133,650 shares of company stock valued at $116,077,574. Insiders own 0.79% of the company’s stock.

About Seagate Technology

Seagate Technology (NASDAQ: STX) is a global data storage company that designs, manufactures and sells a broad range of storage products and systems. The firm’s product portfolio includes traditional hard disk drives (HDDs), solid-state drives (SSDs), hybrid storage devices and integrated storage systems aimed at enterprise, cloud, OEM and consumer markets. Seagate also provides services that support its hardware offerings, including data recovery and storage management solutions.

Seagate’s products are used in a wide array of applications, from large-scale data centers and cloud infrastructure to desktop and portable consumer devices.