Avidian Wealth Enterprises LLC Acquires 242 Shares of Seagate Technology Holdings PLC $STX

Avidian Wealth Enterprises LLC raised its holdings in shares of Seagate Technology Holdings PLC (NASDAQ:STX) by 5.0% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 5,100 shares of the data storage provider’s stock after acquiring an additional 242 shares during the period. Avidian Wealth Enterprises LLC’s holdings in Seagate Technology were worth $736,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Chicago Partners Investment Group LLC acquired a new stake in shares of Seagate Technology during the second quarter worth $220,000. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in Seagate Technology during the second quarter worth about $45,955,000. Chevy Chase Trust Holdings LLC grew its position in shares of Seagate Technology by 1.0% during the 2nd quarter. Chevy Chase Trust Holdings LLC now owns 112,092 shares of the data storage provider’s stock worth $16,178,000 after buying an additional 1,061 shares during the period. Private Trust Co. NA increased its stake in shares of Seagate Technology by 72.8% in the 2nd quarter. Private Trust Co. NA now owns 1,643 shares of the data storage provider’s stock valued at $237,000 after acquiring an additional 692 shares during the last quarter. Finally, Angeles Wealth Management LLC raised its position in shares of Seagate Technology by 2.2% in the 2nd quarter. Angeles Wealth Management LLC now owns 3,485 shares of the data storage provider’s stock valued at $503,000 after acquiring an additional 76 shares during the period. 92.87% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

STX has been the subject of a number of analyst reports. Loop Capital boosted their price objective on shares of Seagate Technology from $200.00 to $350.00 and gave the company a “buy” rating in a report on Thursday, October 16th. TD Cowen boosted their price target on shares of Seagate Technology from $135.00 to $175.00 and gave the company a “buy” rating in a report on Wednesday, July 30th. UBS Group upped their price objective on shares of Seagate Technology from $155.00 to $235.00 and gave the company a “neutral” rating in a research report on Monday. Weiss Ratings reiterated a “buy (b-)” rating on shares of Seagate Technology in a report on Wednesday, October 8th. Finally, Evercore ISI increased their price target on Seagate Technology from $160.00 to $330.00 and gave the stock an “outperform” rating in a report on Monday, October 13th. One research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Seagate Technology currently has a consensus rating of “Moderate Buy” and an average target price of $233.40.

Seagate Technology Trading Up 0.1%

STX stock opened at $214.57 on Wednesday. The stock has a 50-day moving average price of $200.52 and a two-hundred day moving average price of $147.46. Seagate Technology Holdings PLC has a 1 year low of $63.19 and a 1 year high of $264.83. The stock has a market cap of $45.70 billion, a PE ratio of 31.69, a price-to-earnings-growth ratio of 0.96 and a beta of 1.63.

Seagate Technology (NASDAQ:STX) last issued its quarterly earnings results on Tuesday, July 29th. The data storage provider reported $2.59 EPS for the quarter, beating analysts’ consensus estimates of $2.45 by $0.14. The company 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%.The company’s quarterly revenue was up 29.5% compared to the same quarter last year. During the same period in the previous year, the company posted $1.05 earnings per share. Seagate Technology has set its Q1 2026 guidance at 2.100-2.500 EPS. On average, analysts forecast that Seagate Technology Holdings PLC will post 6.83 earnings per share for the current fiscal year.

Seagate Technology Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 9th. Shareholders of record on Tuesday, September 30th were given a dividend of $0.72 per share. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a $2.88 dividend on an annualized basis and a yield of 1.3%. Seagate Technology’s dividend payout ratio is 42.54%.

Insider Activity at Seagate Technology

In related news, CEO William D. Mosley sold 20,000 shares of the firm’s stock in a transaction on Friday, August 1st. The shares were sold at an average price of $153.75, for a total value of $3,075,000.00. Following the completion of the transaction, the chief executive officer owned 478,912 shares of the company’s stock, valued at approximately $73,632,720. This trade represents a 4.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider James Ci Lee sold 3,509 shares of the business’s stock in a transaction dated Thursday, July 31st. The stock was sold at an average price of $154.74, for a total transaction of $542,982.66. Following the sale, the insider directly owned 1,288 shares in the company, valued at $199,305.12. This trade represents a 73.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 75,620 shares of company stock worth $14,464,056. 0.79% of the stock is currently owned by corporate insiders.

Seagate Technology Company 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.