IFP Advisors Inc Has $144,000 Stock Holdings in Seagate Technology Holdings PLC $STX

IFP Advisors Inc reduced its position in shares of Seagate Technology Holdings PLC (NASDAQ:STX) by 22.6% in the 2nd quarter, Holdings Channel reports. The firm owned 996 shares of the data storage provider’s stock after selling 290 shares during the period. IFP Advisors Inc’s holdings in Seagate Technology were worth $144,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in STX. Vanguard Group Inc. raised its holdings in shares of Seagate Technology by 2.7% during the 1st quarter. Vanguard Group Inc. now owns 28,743,126 shares of the data storage provider’s stock worth $2,441,729,000 after buying an additional 769,009 shares in the last quarter. JPMorgan Chase & Co. raised its stake in Seagate Technology by 12.9% during the first quarter. JPMorgan Chase & Co. now owns 18,920,792 shares of the data storage provider’s stock worth $1,607,321,000 after acquiring an additional 2,161,191 shares in the last quarter. Invesco Ltd. lifted its holdings in shares of Seagate Technology by 3.6% in the first quarter. Invesco Ltd. now owns 2,861,418 shares of the data storage provider’s stock worth $243,077,000 after acquiring an additional 99,884 shares during the last quarter. Royal Bank of Canada boosted its stake in shares of Seagate Technology by 0.8% in the 1st quarter. Royal Bank of Canada now owns 1,628,941 shares of the data storage provider’s stock valued at $138,378,000 after purchasing an additional 12,424 shares in the last quarter. Finally, Deutsche Bank AG grew its holdings in shares of Seagate Technology by 4.5% during the 1st quarter. Deutsche Bank AG now owns 1,181,460 shares of the data storage provider’s stock valued at $100,365,000 after purchasing an additional 50,699 shares during the last quarter. 92.87% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have weighed in on STX. Citigroup raised their target price on shares of Seagate Technology from $215.00 to $250.00 and gave the company a “buy” rating in a research report on Monday, October 13th. Morgan Stanley raised their price objective on Seagate Technology from $168.00 to $265.00 and gave the company an “overweight” rating in a report on Monday, September 29th. Benchmark upped their price objective on Seagate Technology from $165.00 to $250.00 and gave the company a “buy” rating in a research note on Tuesday, September 16th. Wells Fargo & Company boosted their price target on shares of Seagate Technology from $160.00 to $240.00 and gave the stock an “equal weight” rating in a research report on Monday, October 13th. Finally, The Goldman Sachs Group raised their target price on Seagate Technology from $170.00 to $270.00 and gave the stock a “buy” rating in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $229.40.

Seagate Technology Price Performance

Shares of STX stock opened at $225.40 on Friday. The company’s fifty day simple moving average is $198.09 and its two-hundred day simple moving average is $145.45. The stock has a market capitalization of $48.00 billion, a price-to-earnings ratio of 33.29, a PEG ratio of 1.01 and a beta of 1.63. Seagate Technology Holdings PLC has a 1 year low of $63.19 and a 1 year high of $264.83.

Seagate Technology (NASDAQ:STX) last posted its earnings results on Tuesday, July 29th. The data storage provider reported $2.59 earnings per share for the quarter, beating analysts’ consensus estimates of $2.45 by $0.14. Seagate Technology had a negative return on equity of 169.60% and a net margin of 16.15%.The business had revenue of $2.44 billion during the quarter, compared to analyst estimates of $2.40 billion. During the same quarter in the previous year, the firm earned $1.05 EPS. The company’s quarterly 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. Equities research analysts anticipate that Seagate Technology Holdings PLC will post 6.83 EPS for the current year.

Seagate Technology Announces Dividend

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

Insiders Place Their Bets

In related news, CEO William D. Mosley sold 20,000 shares of the company’s stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $249.90, for a total value of $4,998,000.00. Following the sale, the chief executive officer directly owned 485,668 shares of the company’s stock, valued at $121,368,433.20. This represents a 3.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Ban Seng Teh sold 1,410 shares of the company’s stock in a transaction dated Monday, October 13th. The stock was sold at an average price of $225.56, for a total transaction of $318,039.60. Following the completion of the sale, the executive vice president directly owned 18,041 shares in the company, valued at $4,069,327.96. This represents a 7.25% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 75,620 shares of company stock worth $14,464,056. 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.