Seagate Technology Holdings PLC $STX Shares Sold by Securian Asset Management Inc.

Securian Asset Management Inc. reduced its stake in shares of Seagate Technology Holdings PLC (NASDAQ:STX) by 0.9% in the second quarter, Holdings Channel.com reports. The institutional investor owned 10,971 shares of the data storage provider’s stock after selling 100 shares during the period. Securian Asset Management Inc.’s holdings in Seagate Technology were worth $1,583,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Avidian Wealth Enterprises LLC grew its stake in Seagate Technology by 5.0% during the 2nd quarter. Avidian Wealth Enterprises LLC now owns 5,100 shares of the data storage provider’s stock worth $736,000 after buying an additional 242 shares during the last quarter. Chicago Partners Investment Group LLC bought a new position in Seagate Technology during the 2nd quarter worth $220,000. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in Seagate Technology during the 2nd quarter worth $45,955,000. Chevy Chase Trust Holdings LLC grew its stake in Seagate Technology by 1.0% during the 2nd quarter. Chevy Chase Trust Holdings LLC now owns 112,092 shares of the data storage provider’s stock worth $16,178,000 after buying an additional 1,061 shares during the last quarter. Finally, Private Trust Co. NA grew its stake in Seagate Technology by 72.8% during the 2nd quarter. Private Trust Co. NA now owns 1,643 shares of the data storage provider’s stock worth $237,000 after buying an additional 692 shares during the last quarter. 92.87% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Seagate Technology

In other news, insider James Ci Lee sold 1,116 shares of the company’s stock in a transaction on Friday, August 1st. The stock was sold at an average price of $153.36, for a total transaction of $171,149.76. Following the completion of the sale, the insider directly owned 257 shares of the company’s stock, valued at $39,413.52. This represents a 81.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Ban Seng Teh sold 1,410 shares of the company’s stock in a transaction on Monday, October 13th. The shares were sold at an average price of $225.56, for a total value of $318,039.60. Following the sale, the executive vice president directly owned 18,041 shares of the company’s stock, valued at approximately $4,069,327.96. This represents a 7.25% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 75,620 shares of company stock valued at $14,464,056 over the last 90 days. 0.79% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on STX shares. Mizuho upped their price objective on Seagate Technology from $245.00 to $280.00 and gave the stock an “outperform” rating in a research note on Friday, October 17th. Bank of America increased their price target on Seagate Technology from $215.00 to $255.00 and gave the stock a “buy” rating in a research note on Wednesday, September 24th. Citigroup increased their price target on Seagate Technology from $215.00 to $250.00 and gave the stock a “buy” rating in a research note on Monday, October 13th. Cantor Fitzgerald increased their price target on Seagate Technology from $175.00 to $280.00 and gave the stock an “overweight” rating in a research note on Monday, September 22nd. Finally, Rosenblatt Securities increased their price target on Seagate Technology from $200.00 to $250.00 and gave the stock a “buy” rating in a research note on Monday, September 29th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $233.40.

Seagate Technology Stock Up 0.2%

Shares of STX stock opened at $215.05 on Thursday. The stock has a 50-day simple moving average of $201.68 and a 200 day simple moving average of $147.93. Seagate Technology Holdings PLC has a fifty-two week low of $63.19 and a fifty-two week high of $264.83. The stock has a market capitalization of $45.80 billion, a P/E ratio of 31.77, a P/E/G ratio of 0.96 and a beta of 1.63.

Seagate Technology (NASDAQ:STX) last announced its earnings results on Tuesday, July 29th. The data storage provider reported $2.59 earnings per share for the quarter, beating the consensus estimate of $2.45 by $0.14. Seagate Technology had a negative return on equity of 169.60% and a net margin of 16.15%.The business had revenue of $2.44 billion during the quarter, compared to analysts’ expectations of $2.40 billion. During the same quarter last year, the business posted $1.05 earnings per share. The company’s quarterly revenue was up 29.5% on a year-over-year basis. Seagate Technology has set its Q1 2026 guidance at 2.100-2.500 EPS. On average, sell-side analysts anticipate that Seagate Technology Holdings PLC will post 6.83 earnings per share for the current year.

Seagate Technology Announces Dividend

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

Seagate Technology 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.