TD Asset Management Inc Reduces Stock Position in Seagate Technology Holdings PLC $STX

TD Asset Management Inc lowered its stake in Seagate Technology Holdings PLC (NASDAQ:STX) by 16.8% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 106,997 shares of the data storage provider’s stock after selling 21,577 shares during the quarter. TD Asset Management Inc owned 0.05% of Seagate Technology worth $15,443,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its holdings in Seagate Technology by 2.7% in the first quarter. Vanguard Group Inc. now owns 28,743,126 shares of the data storage provider’s stock worth $2,441,729,000 after purchasing an additional 769,009 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in Seagate Technology by 12.9% in the first quarter. JPMorgan Chase & Co. now owns 18,920,792 shares of the data storage provider’s stock worth $1,607,321,000 after purchasing an additional 2,161,191 shares during the last quarter. Invesco Ltd. boosted its holdings in Seagate Technology by 3.6% in the first quarter. Invesco Ltd. now owns 2,861,418 shares of the data storage provider’s stock worth $243,077,000 after purchasing an additional 99,884 shares during the last quarter. Royal Bank of Canada boosted its holdings in Seagate Technology by 0.8% in the first quarter. Royal Bank of Canada now owns 1,628,941 shares of the data storage provider’s stock worth $138,378,000 after purchasing an additional 12,424 shares during the last quarter. Finally, Deutsche Bank AG boosted its holdings in Seagate Technology by 4.5% in the first quarter. Deutsche Bank AG now owns 1,181,460 shares of the data storage provider’s stock worth $100,365,000 after purchasing an additional 50,699 shares during the last quarter. Hedge funds and other institutional investors own 92.87% of the company’s stock.

Insider Buying and Selling

In other Seagate Technology news, Director Jay L. Geldmacher sold 2,500 shares of the business’s 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 completion of the sale, the director directly owned 352 shares of the company’s stock, valued at $52,976. The trade was a 87.66% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO William D. Mosley sold 20,000 shares of the business’s stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $249.90, for a total transaction of $4,998,000.00. Following the completion of the sale, the chief executive officer owned 485,668 shares of the company’s stock, valued at approximately $121,368,433.20. This represents a 3.96% decrease in their position. The disclosure for this sale can be found here. Insiders sold 75,620 shares of company stock worth $14,464,056 over the last 90 days. Corporate insiders own 0.79% of the company’s stock.

Seagate Technology Trading Down 0.3%

STX 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 company has a 50-day moving average price of $198.09 and a 200 day moving average price of $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 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 during 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%. The firm’s quarterly revenue was up 29.5% on a year-over-year basis. During the same period in the previous year, the company earned $1.05 EPS. Seagate Technology has set its Q1 2026 guidance at 2.100-2.500 EPS. Sell-side analysts forecast that Seagate Technology Holdings PLC will post 6.83 EPS 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 given a $0.72 dividend. This represents a $2.88 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend was Tuesday, September 30th. Seagate Technology’s payout ratio is 42.54%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Evercore ISI lifted their price target on shares of Seagate Technology from $160.00 to $330.00 and gave the stock an “outperform” rating in a research note on Monday, October 13th. Mizuho lifted their price target on shares of Seagate Technology from $245.00 to $280.00 and gave the stock an “outperform” rating in a research note on Friday. Sanford C. Bernstein assumed coverage on shares of Seagate Technology in a research note on Tuesday, September 16th. They set an “outperform” rating and a $250.00 price target on the stock. Bank of America lifted their price target on shares of Seagate Technology from $215.00 to $255.00 and gave the stock a “buy” rating in a research note on Wednesday, September 24th. Finally, Benchmark raised their price objective on shares of Seagate Technology from $165.00 to $250.00 and gave the company a “buy” rating in a research report on Tuesday, September 16th. One analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $229.40.

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.