Vanguard Personalized Indexing Management LLC Raises Position in Seagate Technology Holdings PLC $STX

Vanguard Personalized Indexing Management LLC raised its stake in Seagate Technology Holdings PLC (NASDAQ:STX) by 32.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 36,310 shares of the data storage provider’s stock after purchasing an additional 8,942 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Seagate Technology were worth $5,241,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. increased its position in shares of Seagate Technology by 2.7% during the first quarter. Vanguard Group Inc. now owns 28,743,126 shares of the data storage provider’s stock valued at $2,441,729,000 after acquiring an additional 769,009 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of Seagate Technology by 12.9% during the first quarter. JPMorgan Chase & Co. now owns 18,920,792 shares of the data storage provider’s stock valued at $1,607,321,000 after acquiring an additional 2,161,191 shares during the last quarter. Invesco Ltd. increased its position in shares of Seagate Technology by 3.6% during the first quarter. Invesco Ltd. now owns 2,861,418 shares of the data storage provider’s stock valued at $243,077,000 after acquiring an additional 99,884 shares during the last quarter. Royal Bank of Canada increased its position in shares of Seagate Technology by 0.8% during the first quarter. Royal Bank of Canada now owns 1,628,941 shares of the data storage provider’s stock valued at $138,378,000 after acquiring an additional 12,424 shares during the last quarter. Finally, Deutsche Bank AG increased its position in shares of Seagate Technology by 4.5% during the first quarter. Deutsche Bank AG now owns 1,181,460 shares of the data storage provider’s stock valued at $100,365,000 after acquiring an additional 50,699 shares during the last quarter. 92.87% of the stock is owned by institutional investors.

Seagate Technology Price Performance

NASDAQ:STX opened at $219.51 on Tuesday. The company has a market cap of $46.75 billion, a P/E ratio of 32.42, a P/E/G ratio of 0.96 and a beta of 1.63. The stock’s fifty day moving average price is $192.39 and its two-hundred day moving average price is $142.07. Seagate Technology Holdings PLC has a 1 year low of $63.19 and a 1 year high of $264.83.

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

Seagate Technology Announces Dividend

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

Insider Buying and Selling

In related news, EVP John Christopher Morris sold 377 shares of the stock in a transaction on Tuesday, September 16th. The stock was sold at an average price of $211.26, for a total value of $79,645.02. Following the sale, the executive vice president owned 13,238 shares in the company, valued at approximately $2,796,659.88. This trade represents a 2.77% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Jay L. Geldmacher sold 2,500 shares of the stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of $150.50, for a total value of $376,250.00. Following the completion of the sale, the director owned 352 shares in the company, valued at $52,976. This trade represents a 87.66% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 74,210 shares of company stock valued at $14,146,016 in the last ninety days. 0.79% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Zacks Research raised Seagate Technology from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 2nd. Cantor Fitzgerald increased their price target on Seagate Technology from $175.00 to $280.00 and gave the company an “overweight” rating in a research report on Monday, September 22nd. Benchmark increased their price objective on Seagate Technology from $165.00 to $250.00 and gave the company a “buy” rating in a report on Tuesday, September 16th. Weiss Ratings reissued a “buy (b-)” rating on shares of Seagate Technology in a report on Wednesday, October 8th. Finally, Wells Fargo & Company increased their price objective on Seagate Technology from $160.00 to $240.00 and gave the company an “equal weight” rating in a report on Monday. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Seagate Technology has an average rating of “Moderate Buy” and a consensus target price of $214.89.

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.