NewEdge Advisors LLC Grows Holdings in Seagate Technology Holdings PLC $STX

NewEdge Advisors LLC lifted its holdings in Seagate Technology Holdings PLC (NASDAQ:STX) by 2.2% during the first quarter, Holdings Channel reports. The institutional investor owned 48,713 shares of the data storage provider’s stock after acquiring an additional 1,064 shares during the quarter. NewEdge Advisors LLC’s holdings in Seagate Technology were worth $4,138,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of STX. Ameriflex Group Inc. purchased a new position in shares of Seagate Technology in the 4th quarter worth about $26,000. Elequin Capital LP bought a new stake in shares of Seagate Technology during the fourth quarter valued at approximately $27,000. Fourth Dimension Wealth LLC bought a new stake in shares of Seagate Technology during the fourth quarter valued at approximately $27,000. Wayfinding Financial LLC bought a new stake in shares of Seagate Technology during the first quarter valued at approximately $31,000. Finally, Golden State Wealth Management LLC increased its position in shares of Seagate Technology by 2,200.0% during the first quarter. Golden State Wealth Management LLC now owns 460 shares of the data storage provider’s stock valued at $39,000 after acquiring an additional 440 shares in the last quarter. Hedge funds and other institutional investors own 92.87% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Barclays raised their price target on shares of Seagate Technology from $125.00 to $180.00 and gave the company an “equal weight” rating in a research report on Thursday, August 28th. Robert W. Baird boosted their target price on Seagate Technology from $120.00 to $188.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 30th. The Goldman Sachs Group started coverage on Seagate Technology in a research report on Thursday, July 10th. They issued a “buy” rating and a $170.00 target price for the company. Benchmark boosted their target price on Seagate Technology from $128.00 to $165.00 and gave the stock a “buy” rating in a research report on Wednesday, July 30th. Finally, Wall Street Zen lowered 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 given a Sell rating to the company. Based on data from MarketBeat.com, Seagate Technology has an average rating of “Moderate Buy” and an average target price of $157.00.

Insider Buying and Selling at Seagate Technology

In related news, insider James Ci Lee sold 3,509 shares of the stock in a transaction that occurred on Thursday, July 31st. The shares were sold at an average price of $154.74, for a total value of $542,982.66. Following the completion of the sale, the insider directly owned 1,288 shares of the company’s stock, valued at approximately $199,305.12. This represents a 73.15% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Jay L. Geldmacher sold 2,500 shares of the 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 completion of the sale, the director directly owned 352 shares of the company’s stock, valued at $52,976. This represents a 87.66% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 57,078 shares of company stock worth $8,561,503. 0.81% of the stock is owned by insiders.

Seagate Technology Stock Up 1.2%

NASDAQ STX opened at $191.59 on Wednesday. Seagate Technology Holdings PLC has a 52 week low of $63.19 and a 52 week high of $192.02. The firm has a market capitalization of $40.75 billion, a P/E ratio of 28.30, a PEG ratio of 1.17 and a beta of 1.53. The company has a 50-day moving average price of $157.05 and a 200-day moving average price of $119.73.

Seagate Technology (NASDAQ:STX) last issued its quarterly earnings results on Tuesday, July 29th. The data storage provider reported $2.59 earnings per share 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 revenue was up 29.5% compared to the same quarter last year. During the same quarter last year, the company posted $1.05 EPS. 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 firm also recently declared a quarterly dividend, which will be paid on Thursday, October 9th. Stockholders of record on Tuesday, September 30th will be paid a dividend of $0.72 per share. This represents a $2.88 annualized dividend and a dividend yield of 1.5%. The ex-dividend date is Tuesday, September 30th. Seagate Technology’s dividend payout ratio (DPR) is currently 42.54%.

Seagate Technology announced that its board has initiated a stock buyback program on Thursday, May 22nd that permits the company to repurchase $5.00 billion in shares. This repurchase authorization permits the data storage provider to purchase up to 21.6% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company’s management believes its stock is undervalued.

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.