J. Safra Sarasin Holding AG Purchases New Shares in Seagate Technology Holdings PLC $STX

J. Safra Sarasin Holding AG purchased a new stake in Seagate Technology Holdings PLC (NASDAQ:STX) during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 17,908 shares of the data storage provider’s stock, valued at approximately $2,585,000.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. ASR Vermogensbeheer N.V. grew its stake in Seagate Technology by 69.5% in the 2nd quarter. ASR Vermogensbeheer N.V. now owns 19,501 shares of the data storage provider’s stock valued at $2,814,000 after acquiring an additional 7,998 shares during the period. Vicus Capital acquired a new stake in Seagate Technology in the 2nd quarter valued at $204,000. Community Bank & Trust Waco Texas boosted its stake in Seagate Technology by 2.2% during the 2nd quarter. Community Bank & Trust Waco Texas now owns 9,546 shares of the data storage provider’s stock worth $1,378,000 after purchasing an additional 202 shares during the last quarter. LBP AM SA boosted its stake in Seagate Technology by 1.6% during the 2nd quarter. LBP AM SA now owns 110,139 shares of the data storage provider’s stock worth $15,896,000 after purchasing an additional 1,747 shares during the last quarter. Finally, Institute for Wealth Management LLC. acquired a new stake in Seagate Technology during the 2nd quarter worth $351,000. Institutional investors and hedge funds own 92.87% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have issued reports on STX. Barclays lifted their target price on shares of Seagate Technology from $180.00 to $200.00 and gave the stock an “equal weight” rating in a research note on Thursday, September 11th. Benchmark lifted their target price on shares of Seagate Technology from $165.00 to $250.00 and gave the stock a “buy” rating in a research note on Tuesday, September 16th. UBS Group lifted their target price on shares of Seagate Technology from $85.00 to $155.00 and gave the stock a “neutral” rating in a research note on Monday, July 21st. Rosenblatt Securities lifted their target price on shares of Seagate Technology from $200.00 to $250.00 and gave the stock a “buy” rating in a research note on Monday, September 29th. Finally, Morgan Stanley lifted their target price on shares of Seagate Technology from $168.00 to $265.00 and gave the stock an “overweight” rating in a research note on Monday, September 29th. Sixteen research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Seagate Technology currently has a consensus rating of “Moderate Buy” and a consensus target price of $193.32.

Insider Transactions at Seagate Technology

In related news, CEO William D. Mosley sold 20,000 shares of the business’s stock in a transaction dated Wednesday, October 1st. The shares were 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 in the company, valued at approximately $121,368,433.20. The trade was a 3.96% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Ban Seng Teh sold 3,732 shares of the business’s stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $193.30, for a total transaction of $721,395.60. Following the completion of the sale, the executive vice president owned 4,172 shares in the company, valued at approximately $806,447.60. This trade represents a 47.22% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 75,935 shares of company stock worth $14,394,416 in the last 90 days. Insiders own 0.79% of the company’s stock.

Seagate Technology Stock Down 0.8%

NASDAQ STX opened at $252.79 on Friday. Seagate Technology Holdings PLC has a 52 week low of $63.19 and a 52 week high of $264.83. The business’s fifty day simple moving average is $183.78 and its 200-day simple moving average is $135.66. The firm has a market cap of $53.84 billion, a PE ratio of 37.34, a P/E/G ratio of 1.14 and a beta of 1.63.

Seagate Technology (NASDAQ:STX) last posted 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 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 quarter in the previous year, the firm earned $1.05 EPS. Seagate Technology has set its Q1 2026 guidance at 2.100-2.500 EPS. Research analysts expect that Seagate Technology Holdings PLC will post 6.83 EPS for the current year.

Seagate Technology Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 9th. Investors of record on Tuesday, September 30th will be issued a $0.72 dividend. This represents a $2.88 annualized dividend and a yield of 1.1%. The ex-dividend date is Tuesday, September 30th. Seagate Technology’s payout ratio is 42.54%.

About Seagate Technology

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.