Insight Wealth Strategies LLC Grows Stock Holdings in Seagate Technology Holdings PLC $STX

Insight Wealth Strategies LLC increased its stake in Seagate Technology Holdings PLC (NASDAQ:STX) by 30.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 55,136 shares of the data storage provider’s stock after acquiring an additional 12,762 shares during the period. Seagate Technology makes up about 1.0% of Insight Wealth Strategies LLC’s holdings, making the stock its 25th largest holding. Insight Wealth Strategies LLC’s holdings in Seagate Technology were worth $7,997,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Tidal Investments LLC boosted its holdings in Seagate Technology by 133.1% in the 4th quarter. Tidal Investments LLC now owns 12,681 shares of the data storage provider’s stock valued at $1,094,000 after purchasing an additional 7,240 shares in the last quarter. Personal CFO Solutions LLC acquired a new position in Seagate Technology in the 1st quarter valued at $223,000. Amalgamated Bank raised its holdings in Seagate Technology by 0.8% in the 1st quarter. Amalgamated Bank now owns 29,964 shares of the data storage provider’s stock valued at $2,545,000 after acquiring an additional 243 shares during the last quarter. Retirement Planning Co of New England Inc. acquired a new position in Seagate Technology in the 1st quarter valued at $272,000. Finally, Alps Advisors Inc. raised its holdings in Seagate Technology by 10.2% in the 1st quarter. Alps Advisors Inc. now owns 278,831 shares of the data storage provider’s stock valued at $23,687,000 after acquiring an additional 25,817 shares during the last quarter. Institutional investors and hedge funds own 92.87% of the company’s stock.

Insider Buying and Selling at Seagate Technology

In other news, Director Jay L. Geldmacher sold 2,500 shares of the business’s stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $150.50, for a total transaction of $376,250.00. Following the transaction, the director directly owned 352 shares in the company, valued at $52,976. The trade was a 87.66% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Ban Seng Teh sold 5,905 shares of the business’s stock in a transaction on Friday, August 1st. The stock was sold at an average price of $155.00, for a total transaction of $915,275.00. Following the transaction, the executive vice president directly owned 6,147 shares of the company’s stock, valued at approximately $952,785. This represents a 49.00% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 57,078 shares of company stock worth $8,561,503. 0.81% of the stock is owned by corporate insiders.

Seagate Technology Stock Performance

Shares of STX stock opened at $195.99 on Friday. Seagate Technology Holdings PLC has a one year low of $63.19 and a one year high of $199.24. The company’s 50-day simple moving average is $159.75 and its 200-day simple moving average is $121.71. The stock has a market capitalization of $41.74 billion, a price-to-earnings ratio of 28.95, a PEG ratio of 1.21 and a beta of 1.53.

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, topping the consensus estimate of $2.45 by $0.14. The business had revenue of $2.44 billion for the quarter, compared to analysts’ expectations of $2.40 billion. Seagate Technology had a net margin of 16.15% and a negative return on equity of 169.60%. The company’s quarterly revenue was up 29.5% compared to the same quarter last year. During the same quarter last year, the company posted $1.05 earnings per share. Seagate Technology has set its Q1 2026 guidance at 2.100-2.500 EPS. As a group, research analysts forecast that Seagate Technology Holdings PLC will post 6.83 EPS for the current year.

Seagate Technology declared that its board has initiated a stock repurchase program on Thursday, May 22nd that authorizes the company to buyback $5.00 billion in outstanding shares. This buyback authorization authorizes the data storage provider to reacquire up to 21.6% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board believes its stock is undervalued.

Seagate Technology Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 9th. Shareholders of record on Tuesday, September 30th will be given a $0.72 dividend. The ex-dividend date is Tuesday, September 30th. This represents a $2.88 annualized dividend and a yield of 1.5%. Seagate Technology’s payout ratio is 42.54%.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. The Goldman Sachs Group assumed coverage on shares of Seagate Technology in a research note on Thursday, July 10th. They set a “buy” rating and a $170.00 price objective for the company. Susquehanna boosted their price objective on shares of Seagate Technology from $68.00 to $80.00 and gave the company a “negative” rating in a research note on Wednesday, July 30th. Benchmark upped their price target on shares of Seagate Technology from $128.00 to $165.00 and gave the stock a “buy” rating in a research report on Wednesday, July 30th. Bank of America upped their price target on shares of Seagate Technology from $145.00 to $165.00 and gave the stock a “buy” rating in a research report on Monday, July 14th. Finally, Wall Street Zen cut shares of Seagate Technology from a “buy” rating to a “hold” rating in a research report on Friday, May 30th. Fourteen equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Seagate Technology currently has an average rating of “Moderate Buy” and an average price target of $158.11.

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.