Sequoia Financial Advisors LLC Buys 1,478 Shares of Seagate Technology Holdings PLC $STX

Sequoia Financial Advisors LLC increased its stake in shares of Seagate Technology Holdings PLC (NASDAQ:STX) by 38.0% during the 2nd quarter, Holdings Channel.com reports. The fund owned 5,369 shares of the data storage provider’s stock after purchasing an additional 1,478 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Seagate Technology were worth $775,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. Salvus Wealth Management LLC grew its position in shares of Seagate Technology by 2.0% in the 2nd quarter. Salvus Wealth Management LLC now owns 3,416 shares of the data storage provider’s stock worth $493,000 after buying an additional 68 shares during the last quarter. Moody National Bank Trust Division grew its position in shares of Seagate Technology by 2.0% in the 2nd quarter. Moody National Bank Trust Division now owns 4,625 shares of the data storage provider’s stock worth $668,000 after buying an additional 89 shares during the last quarter. Bruce G. Allen Investments LLC grew its position in shares of Seagate Technology by 28.1% in the 2nd quarter. Bruce G. Allen Investments LLC now owns 419 shares of the data storage provider’s stock worth $60,000 after buying an additional 92 shares during the last quarter. TD Private Client Wealth LLC grew its position in shares of Seagate Technology by 30.2% in the 2nd quarter. TD Private Client Wealth LLC now owns 457 shares of the data storage provider’s stock worth $66,000 after buying an additional 106 shares during the last quarter. Finally, Old Port Advisors grew its position in shares of Seagate Technology by 0.3% in the 2nd quarter. Old Port Advisors now owns 35,658 shares of the data storage provider’s stock worth $5,147,000 after buying an additional 123 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 Seagate Technology news, insider James Ci Lee sold 3,509 shares of Seagate Technology stock in a transaction on Thursday, July 31st. The stock was sold at an average price of $154.74, for a total transaction of $542,982.66. Following the completion of the transaction, the insider owned 1,288 shares in the company, valued at approximately $199,305.12. The trade was a 73.15% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Ban Seng Teh sold 5,905 shares of Seagate Technology stock in a transaction on Friday, August 1st. The shares were sold at an average price of $155.00, for a total value of $915,275.00. Following the transaction, the executive vice president owned 6,147 shares of the company’s stock, valued at $952,785. The trade was a 49.00% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 75,620 shares of company stock valued at $14,464,056 in the last ninety days. Corporate insiders own 0.79% of the company’s stock.

Seagate Technology Stock Down 0.3%

NASDAQ STX opened at $225.40 on Friday. The stock’s 50 day moving average is $198.09 and its 200 day moving average is $145.45. The firm has a market capitalization 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 Holdings PLC has a twelve month low of $63.19 and a twelve month high of $264.83.

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 analysts’ consensus estimates of $2.45 by $0.14. The business had revenue of $2.44 billion during the quarter, compared to analysts’ expectations of $2.40 billion. Seagate Technology had a negative return on equity of 169.60% and a net margin of 16.15%.The firm’s quarterly revenue was up 29.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.05 earnings per share. Seagate Technology has set its Q1 2026 guidance at 2.100-2.500 EPS. On average, research analysts anticipate that Seagate Technology Holdings PLC will post 6.83 earnings per share for the current year.

Seagate Technology Dividend Announcement

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

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on STX shares. Sanford C. Bernstein started coverage on Seagate Technology in a research report on Tuesday, September 16th. They issued an “outperform” rating and a $250.00 price objective on the stock. Cantor Fitzgerald lifted their price objective on Seagate Technology from $175.00 to $280.00 and gave the stock an “overweight” rating in a research report on Monday, September 22nd. Mizuho lifted their price objective on Seagate Technology from $245.00 to $280.00 and gave the stock an “outperform” rating in a research report on Friday. Citigroup lifted their price target on Seagate Technology from $215.00 to $250.00 and gave the company a “buy” rating in a research report on Monday, October 13th. Finally, Wedbush lifted their price target on Seagate Technology from $175.00 to $260.00 and gave the company an “outperform” rating in a research report on Thursday. One investment analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $229.40.

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.