Sagespring Wealth Partners LLC Takes $234,000 Position in Seagate Technology Holdings PLC $STX

Sagespring Wealth Partners LLC purchased a new stake in shares of Seagate Technology Holdings PLC (NASDAQ:STX) during the second quarter, Holdings Channel.com reports. The fund purchased 1,624 shares of the data storage provider’s stock, valued at approximately $234,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Wayfinding Financial LLC bought a new stake in shares of Seagate Technology during the 1st quarter valued at $31,000. Trust Co. of Toledo NA OH bought a new stake in shares of Seagate Technology during the 2nd quarter valued at $57,000. Bruce G. Allen Investments LLC raised its stake in shares of Seagate Technology by 28.1% during the 2nd quarter. Bruce G. Allen Investments LLC now owns 419 shares of the data storage provider’s stock valued at $60,000 after purchasing an additional 92 shares during the period. TD Private Client Wealth LLC raised its stake in shares of Seagate Technology by 30.2% during the 2nd quarter. TD Private Client Wealth LLC now owns 457 shares of the data storage provider’s stock valued at $66,000 after purchasing an additional 106 shares during the period. Finally, Golden State Wealth Management LLC raised its stake in shares of Seagate Technology by 2,200.0% during the 1st quarter. Golden State Wealth Management LLC now owns 460 shares of the data storage provider’s stock valued at $39,000 after purchasing an additional 440 shares during the period. 92.87% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts recently issued reports on STX shares. Wedbush boosted their price objective on Seagate Technology from $175.00 to $260.00 and gave the company an “outperform” rating in a research note on Thursday. Loop Capital upped their target price on Seagate Technology from $200.00 to $350.00 and gave the stock a “buy” rating in a research note on Thursday. Citigroup upped their target price on Seagate Technology from $215.00 to $250.00 and gave the stock a “buy” rating in a research note on Monday, October 13th. Benchmark upped their target price on Seagate Technology from $165.00 to $250.00 and gave the stock a “buy” rating in a research note on Tuesday, September 16th. Finally, Cantor Fitzgerald upped their target price on Seagate Technology from $175.00 to $280.00 and gave the stock an “overweight” rating in a research note on Monday, September 22nd. One research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Seagate Technology has a consensus rating of “Moderate Buy” and a consensus target price of $229.40.

Insider Activity

In other news, EVP John Christopher Morris sold 15,347 shares of the stock in a transaction dated Friday, September 12th. The stock was sold at an average price of $195.80, for a total transaction of $3,004,942.60. Following the transaction, the executive vice president directly owned 9,843 shares in the company, valued at approximately $1,927,259.40. This represents a 60.92% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jay L. Geldmacher sold 2,500 shares of the stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $150.50, for a total value of $376,250.00. Following the transaction, the director owned 352 shares in the company, valued at $52,976. This trade represents a 87.66% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 75,620 shares of company stock worth $14,464,056. 0.79% of the stock is currently owned by insiders.

Seagate Technology Stock Down 0.3%

Shares of NASDAQ STX opened at $225.40 on Friday. The firm has a market capitalization of $48.00 billion, a P/E ratio of 33.29, a P/E/G ratio of 1.01 and a beta of 1.63. The stock’s 50-day simple moving average is $198.09 and its two-hundred day simple moving average is $145.45. Seagate Technology Holdings PLC has a twelve month low of $63.19 and a twelve month high of $264.83.

Seagate Technology (NASDAQ:STX) last announced its quarterly earnings data 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. The firm 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 revenue was up 29.5% on a year-over-year basis. During the same period in the prior year, the company earned $1.05 EPS. Seagate Technology has set its Q1 2026 guidance at 2.100-2.500 EPS. As a group, research analysts anticipate that Seagate Technology Holdings PLC will post 6.83 EPS for the current fiscal year.

Seagate Technology Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 9th. Stockholders of record on Tuesday, September 30th were given a dividend of $0.72 per share. The ex-dividend date was Tuesday, September 30th. This represents a $2.88 annualized dividend and a dividend yield of 1.3%. Seagate Technology’s dividend payout ratio is 42.54%.

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.