Investors Asset Management of Georgia Inc. GA ADV Makes New $202,000 Investment in Seagate Technology Holdings PLC $STX

Investors Asset Management of Georgia Inc. GA ADV bought a new position in shares of Seagate Technology Holdings PLC (NASDAQ:STX) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 1,400 shares of the data storage provider’s stock, valued at approximately $202,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Wayfinding Financial LLC acquired a new stake in Seagate Technology during the first quarter worth approximately $31,000. Bruce G. Allen Investments LLC raised its stake in 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 worth $60,000 after acquiring an additional 92 shares in the last quarter. TD Private Client Wealth LLC lifted its position 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 acquiring an additional 106 shares during the last quarter. Golden State Wealth Management LLC boosted its stake in Seagate Technology by 2,200.0% in 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. Finally, Olistico Wealth LLC purchased a new position in shares of Seagate Technology during the second quarter worth about $68,000. Hedge funds and other institutional investors own 92.87% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. Susquehanna boosted their target price on Seagate Technology from $68.00 to $80.00 and gave the company a “negative” rating in a report on Wednesday, July 30th. Cantor Fitzgerald increased their price objective on Seagate Technology from $175.00 to $280.00 and gave the company an “overweight” rating in a report on Monday, September 22nd. Robert W. Baird lifted their target price on shares of Seagate Technology from $120.00 to $188.00 and gave the company an “outperform” rating in a report on Wednesday, July 30th. The Goldman Sachs Group began coverage on shares of Seagate Technology in a research report on Thursday, July 10th. They issued a “buy” rating and a $170.00 price target for the company. Finally, Zacks Research raised shares of Seagate Technology from a “hold” rating to a “strong-buy” rating in a research report on Thursday. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Seagate Technology currently has an average rating of “Moderate Buy” and a consensus price target of $193.32.

Seagate Technology Price Performance

Shares of NASDAQ STX opened at $252.79 on Monday. The stock has a fifty day moving average price of $183.78 and a 200 day moving average price of $136.32. Seagate Technology Holdings PLC has a 1-year low of $63.19 and a 1-year high of $264.83. The company has a market cap of $53.84 billion, a PE ratio of 37.34, a P/E/G ratio of 1.13 and a beta of 1.63.

Seagate Technology (NASDAQ:STX) last announced its quarterly earnings data on Tuesday, July 29th. The data storage provider reported $2.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.45 by $0.14. The company 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%. Seagate Technology’s revenue was up 29.5% compared to the same quarter last year. During the same period in the previous year, the company posted $1.05 EPS. Seagate Technology has set its Q1 2026 guidance at 2.100-2.500 EPS. Analysts anticipate that Seagate Technology Holdings PLC will post 6.83 earnings per share for the current fiscal year.

Seagate Technology Announces Dividend

The company also recently declared 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. This represents a $2.88 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend is Tuesday, September 30th. Seagate Technology’s dividend payout ratio is currently 42.54%.

Insider Transactions at Seagate Technology

In other news, EVP John Christopher Morris sold 377 shares of the stock in a transaction that occurred on Tuesday, September 16th. The stock was sold at an average price of $211.26, for a total transaction 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 approximately $2,796,659.88. This represents a 2.77% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider James Ci Lee sold 1,116 shares of the firm’s stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $153.36, for a total value 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 disclosure for this sale can be found here. Insiders have sold 75,935 shares of company stock valued at $14,394,416 over the last 90 days. Insiders own 0.79% of the company’s stock.

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.