Chevy Chase Trust Holdings LLC Purchases 1,061 Shares of Seagate Technology Holdings PLC $STX

Chevy Chase Trust Holdings LLC grew its position in shares of Seagate Technology Holdings PLC (NASDAQ:STX) by 1.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 112,092 shares of the data storage provider’s stock after buying an additional 1,061 shares during the period. Chevy Chase Trust Holdings LLC owned approximately 0.05% of Seagate Technology worth $16,178,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Harbor Asset Planning Inc. bought a new position in Seagate Technology during the 2nd quarter worth $27,000. Wayfinding Financial LLC bought a new position in shares of Seagate Technology in the first quarter worth $31,000. Trust Co. of Toledo NA OH bought a new position in shares of Seagate Technology in the second quarter worth $57,000. Bruce G. Allen Investments LLC increased its position in shares of 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 worth $60,000 after purchasing an additional 92 shares during the period. Finally, TD Private Client Wealth LLC increased its position in shares of 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 worth $66,000 after purchasing an additional 106 shares during the period. Institutional investors own 92.87% of the company’s stock.

Insider Activity

In other news, insider James Ci Lee sold 1,116 shares of Seagate Technology stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $153.36, for a total transaction of $171,149.76. Following the sale, the insider directly owned 257 shares of the company’s stock, valued at approximately $39,413.52. This trade represents a 81.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Jay L. Geldmacher sold 2,500 shares of Seagate Technology 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 sale, the director directly owned 352 shares in the company, valued at $52,976. The trade was a 87.66% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 75,620 shares of company stock valued at $14,464,056. 0.79% of the stock is currently owned by company insiders.

Seagate Technology Stock Down 0.3%

Seagate Technology stock opened at $225.40 on Friday. Seagate Technology Holdings PLC has a 12-month low of $63.19 and a 12-month high of $264.83. The business’s 50-day moving average price is $198.09 and its two-hundred day moving average price is $145.45. The stock has a market cap of $48.00 billion, a PE ratio of 33.29, a P/E/G ratio of 1.01 and a beta of 1.63.

Seagate Technology (NASDAQ:STX) last released its earnings results on Tuesday, July 29th. The data storage provider reported $2.59 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to analysts’ expectations of $2.40 billion. During the same quarter in the previous year, the business posted $1.05 earnings per share. The business’s revenue for the quarter was up 29.5% on a year-over-year basis. Seagate Technology has set its Q1 2026 guidance at 2.100-2.500 EPS. As a group, analysts expect that Seagate Technology Holdings PLC will post 6.83 earnings per share for the current year.

Seagate Technology Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on STX. Citigroup raised their price target on Seagate Technology from $215.00 to $250.00 and gave the stock a “buy” rating in a research report on Monday, October 13th. The Goldman Sachs Group raised their price target on Seagate Technology from $170.00 to $270.00 and gave the stock a “buy” rating in a research report on Wednesday, October 8th. Benchmark raised their price target on Seagate Technology from $165.00 to $250.00 and gave the stock a “buy” rating in a research report on Tuesday, September 16th. Evercore ISI raised their price target on Seagate Technology from $160.00 to $330.00 and gave the stock an “outperform” rating in a research report on Monday, October 13th. Finally, Sanford C. Bernstein began coverage on Seagate Technology in a research note on Tuesday, September 16th. They issued an “outperform” rating and a $250.00 price objective on the stock. One investment analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $229.40.

About Seagate Technology

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.