Wealthcare Advisory Partners LLC Increases Stake in Seagate Technology Holdings PLC $STX

Wealthcare Advisory Partners LLC increased its position in shares of Seagate Technology Holdings PLC (NASDAQ:STX) by 4.3% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 5,545 shares of the data storage provider’s stock after purchasing an additional 229 shares during the period. Wealthcare Advisory Partners LLC’s holdings in Seagate Technology were worth $800,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Salvus Wealth Management LLC increased its stake in shares of Seagate Technology by 2.0% during the second quarter. Salvus Wealth Management LLC now owns 3,416 shares of the data storage provider’s stock valued at $493,000 after buying an additional 68 shares during the period. Moody National Bank Trust Division grew its stake in Seagate Technology by 2.0% in the second quarter. Moody National Bank Trust Division now owns 4,625 shares of the data storage provider’s stock valued at $668,000 after purchasing an additional 89 shares during the last quarter. Bruce G. Allen Investments LLC grew its stake in Seagate Technology by 28.1% in the second 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 last quarter. TD Private Client Wealth LLC grew its stake in Seagate Technology by 30.2% in the second 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 last quarter. Finally, Old Port Advisors grew its stake in Seagate Technology by 0.3% in the second quarter. Old Port Advisors now owns 35,658 shares of the data storage provider’s stock valued at $5,147,000 after purchasing an additional 123 shares during the last quarter. Hedge funds and other institutional investors own 92.87% of the company’s stock.

Insider Activity

In other Seagate Technology news, Director Jay L. Geldmacher sold 2,500 shares of the business’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 value of $376,250.00. Following the completion of the transaction, the director directly owned 352 shares of the company’s stock, valued at approximately $52,976. The trade was a 87.66% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP John Christopher Morris sold 377 shares of the business’s stock in a transaction that occurred on Tuesday, September 16th. The shares were sold at an average price of $211.26, for a total value of $79,645.02. Following the completion of the transaction, the executive vice president directly owned 13,238 shares of the company’s stock, valued at $2,796,659.88. The trade was a 2.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 75,935 shares of company stock valued at $14,394,416. 0.79% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

STX has been the topic of several analyst reports. TD Cowen lifted their target price on Seagate Technology from $135.00 to $175.00 and gave the company a “buy” rating in a research note on Wednesday, July 30th. Citigroup lifted their target price on Seagate Technology from $167.00 to $215.00 and gave the company a “buy” rating in a research note on Monday, September 8th. Bank of America lifted their target price on Seagate Technology from $215.00 to $255.00 and gave the company a “buy” rating in a research note on Wednesday, September 24th. Sanford C. Bernstein initiated coverage on Seagate Technology in a research note on Tuesday, September 16th. They issued an “outperform” rating and a $250.00 target price on the stock. Finally, Benchmark raised their price target on Seagate Technology from $165.00 to $250.00 and gave the stock a “buy” rating in a report on Tuesday, September 16th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Seagate Technology has an average rating of “Moderate Buy” and an average price target of $198.58.

Seagate Technology Stock Down 0.3%

Seagate Technology stock opened at $224.35 on Thursday. Seagate Technology Holdings PLC has a 52 week low of $63.19 and a 52 week high of $264.83. The company has a market capitalization of $47.78 billion, a price-to-earnings ratio of 33.14, a price-to-earnings-growth ratio of 1.01 and a beta of 1.63. The stock has a 50-day moving average price of $188.61 and a 200 day moving average price of $138.61.

Seagate Technology (NASDAQ:STX) last released its earnings results on Tuesday, July 29th. The data storage provider reported $2.59 EPS for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $2.44 billion during the quarter, compared to the consensus estimate of $2.40 billion. During the same quarter in the previous year, the company posted $1.05 earnings per share. The company’s revenue 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. 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 announced a quarterly dividend, which will be paid on Thursday, October 9th. Investors of record on Tuesday, September 30th will be issued a dividend of $0.72 per share. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $2.88 dividend on an annualized basis and a dividend yield of 1.3%. Seagate Technology’s 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.