Louisiana State Employees Retirement System Sells 200 Shares of Seagate Technology Holdings PLC $STX

Louisiana State Employees Retirement System trimmed its holdings in Seagate Technology Holdings PLC (NASDAQ:STX) by 1.8% in the second quarter, HoldingsChannel reports. The fund owned 11,200 shares of the data storage provider’s stock after selling 200 shares during the period. Louisiana State Employees Retirement System’s holdings in Seagate Technology were worth $1,616,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Personal CFO Solutions LLC bought a new stake in shares of Seagate Technology in the 1st quarter worth approximately $223,000. Amalgamated Bank boosted its holdings in shares of Seagate Technology by 0.8% during the 1st quarter. Amalgamated Bank now owns 29,964 shares of the data storage provider’s stock valued at $2,545,000 after buying an additional 243 shares in the last quarter. Retirement Planning Co of New England Inc. bought a new stake in shares of Seagate Technology during the 1st quarter valued at $272,000. Alps Advisors Inc. boosted its holdings in shares of Seagate Technology by 10.2% during the 1st quarter. Alps Advisors Inc. now owns 278,831 shares of the data storage provider’s stock valued at $23,687,000 after buying an additional 25,817 shares in the last quarter. Finally, FARMERS & MERCHANTS TRUST Co OF LONG BEACH bought a new position in Seagate Technology in the 2nd quarter worth about $322,000. 92.87% of the stock is currently owned by institutional investors.

Insider Activity at Seagate Technology

In other Seagate Technology news, CEO William D. Mosley sold 20,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of $249.90, for a total transaction of $4,998,000.00. Following the sale, the chief executive officer owned 485,668 shares in the company, valued at approximately $121,368,433.20. This trade represents a 3.96% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jay L. Geldmacher sold 2,500 shares of the firm’s stock in a transaction that occurred on Wednesday, August 6th. The stock was sold at an average price of $150.50, for a total transaction of $376,250.00. Following the sale, the director owned 352 shares in the company, valued at approximately $52,976. The trade was a 87.66% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 74,210 shares of company stock worth $14,146,016 in the last 90 days. Insiders own 0.79% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. Morgan Stanley upped their target price on shares of Seagate Technology from $168.00 to $265.00 and gave the company an “overweight” rating in a research note on Monday, September 29th. Citigroup upped their target price on shares of Seagate Technology from $167.00 to $215.00 and gave the company a “buy” rating in a research note on Monday, September 8th. Rosenblatt Securities upped their target price on shares of Seagate Technology from $200.00 to $250.00 and gave the company a “buy” rating in a research note on Monday, September 29th. TD Cowen upped their target price on shares of Seagate Technology from $135.00 to $175.00 and gave the company a “buy” rating in a research note on Wednesday, July 30th. Finally, Robert W. Baird upped their target price on shares of Seagate Technology from $120.00 to $188.00 and gave the company an “outperform” rating in a research note on Wednesday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued 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 has an average rating of “Moderate Buy” and an average price target of $198.58.

Seagate Technology Stock Down 3.3%

NASDAQ STX opened at $214.38 on Monday. Seagate Technology Holdings PLC has a 52 week low of $63.19 and a 52 week high of $264.83. The firm has a market capitalization of $45.66 billion, a P/E ratio of 31.67, a PEG ratio of 0.96 and a beta of 1.63. The company has a 50-day moving average price of $191.09 and a 200-day moving average price of $141.13.

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

Seagate Technology Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, October 9th. Shareholders of record on Tuesday, September 30th were paid a dividend of $0.72 per share. The ex-dividend date 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 (DPR) is presently 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.