Angeles Wealth Management LLC Has $503,000 Stake in Seagate Technology Holdings PLC $STX

Angeles Wealth Management LLC lifted its position in Seagate Technology Holdings PLC (NASDAQ:STX) by 2.2% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,485 shares of the data storage provider’s stock after purchasing an additional 76 shares during the quarter. Angeles Wealth Management LLC’s holdings in Seagate Technology were worth $503,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of STX. JPMorgan Chase & Co. raised its stake in shares of Seagate Technology by 12.9% in the first quarter. JPMorgan Chase & Co. now owns 18,920,792 shares of the data storage provider’s stock valued at $1,607,321,000 after purchasing an additional 2,161,191 shares in the last quarter. Wellington Management Group LLP raised its stake in Seagate Technology by 3,339.4% during the first quarter. Wellington Management Group LLP now owns 933,996 shares of the data storage provider’s stock worth $79,343,000 after acquiring an additional 906,840 shares in the last quarter. Vanguard Group Inc. raised its stake in Seagate Technology by 2.7% during the first quarter. Vanguard Group Inc. now owns 28,743,126 shares of the data storage provider’s stock worth $2,441,729,000 after acquiring an additional 769,009 shares in the last quarter. Valley Wealth Managers Inc. acquired a new position in Seagate Technology during the first quarter worth $17,546,000. Finally, Nuveen LLC acquired a new position in Seagate Technology during the first quarter worth $17,058,000. 92.87% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on STX. Weiss Ratings reiterated a “buy (b-)” rating on shares of Seagate Technology in a research note on Wednesday, October 8th. Rosenblatt Securities increased their price objective on Seagate Technology from $200.00 to $250.00 and gave the stock a “buy” rating in a research note on Monday, September 29th. Benchmark increased their price objective on Seagate Technology from $165.00 to $250.00 and gave the stock a “buy” rating in a research note on Tuesday, September 16th. Wedbush increased their price objective on Seagate Technology from $175.00 to $260.00 and gave the stock an “outperform” rating in a research note on Thursday. Finally, Citigroup increased their target price on Seagate Technology from $215.00 to $250.00 and gave the stock a “buy” rating in a report on Monday, October 13th. One 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 issued a Sell rating to the company’s stock. According to data from MarketBeat, Seagate Technology presently has an average rating of “Moderate Buy” and a consensus target price of $229.40.

Insiders Place Their Bets

In related news, EVP Ban Seng Teh sold 5,905 shares of the firm’s stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $155.00, for a total value of $915,275.00. Following the transaction, the executive vice president owned 6,147 shares in the company, valued at $952,785. This trade represents a 49.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jay L. Geldmacher sold 2,500 shares of the firm’s stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $150.50, for a total value of $376,250.00. Following the completion of 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 disclosure for this sale can be found here. Insiders have sold 75,620 shares of company stock valued at $14,464,056 over the last 90 days. Corporate insiders own 0.79% of the company’s stock.

Seagate Technology Stock Performance

Shares of STX stock opened at $225.40 on Friday. The stock’s fifty day moving average is $198.09 and its 200-day moving average is $145.03. The stock has a market capitalization of $48.00 billion, a PE ratio of 33.29, a PEG ratio of 1.01 and a beta of 1.63. Seagate Technology Holdings PLC has a 52 week low of $63.19 and a 52 week high of $264.83.

Seagate Technology (NASDAQ:STX) last announced its earnings results on Tuesday, July 29th. The data storage provider reported $2.59 EPS for the quarter, topping the consensus estimate of $2.45 by $0.14. The company had revenue of $2.44 billion for the quarter, compared to analysts’ expectations of $2.40 billion. Seagate Technology had a negative return on equity of 169.60% and a net margin of 16.15%.The business’s revenue for the quarter was up 29.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.05 earnings per share. Seagate Technology has set its Q1 2026 guidance at 2.100-2.500 EPS. As a group, analysts forecast that Seagate Technology Holdings PLC will post 6.83 earnings per share for the current fiscal year.

Seagate Technology Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, October 9th. Investors of record on Tuesday, September 30th were issued a $0.72 dividend. The ex-dividend date was Tuesday, September 30th. This represents a $2.88 annualized dividend and a yield of 1.3%. Seagate Technology’s dividend payout ratio (DPR) is currently 42.54%.

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.