Bensler LLC Invests $295,000 in Seagate Technology Holdings PLC $STX

Bensler LLC acquired a new stake in shares of Seagate Technology Holdings PLC (NASDAQ:STX) in the second quarter, Holdings Channel.com reports. The firm acquired 2,045 shares of the data storage provider’s stock, valued at approximately $295,000.

Other institutional investors have also added to or reduced their stakes in the company. Harbor Asset Planning Inc. bought a new position in Seagate Technology during the second quarter valued at about $27,000. Zions Bancorporation National Association UT bought a new stake in shares of Seagate Technology during the first quarter valued at approximately $42,000. GoalVest Advisory LLC increased its position in shares of Seagate Technology by 30.6% during the second quarter. GoalVest Advisory LLC now owns 320 shares of the data storage provider’s stock valued at $46,000 after purchasing an additional 75 shares during the period. Costello Asset Management INC acquired a new position in shares of Seagate Technology in the first quarter valued at $47,000. Finally, Trust Co. of Toledo NA OH bought a new position in Seagate Technology in the second quarter worth $57,000. 92.87% of the stock is owned by institutional investors and hedge funds.

Seagate Technology Stock Up 0.3%

Shares of STX stock opened at $279.35 on Friday. The company has a market capitalization of $59.66 billion, a P/E ratio of 35.86, a P/E/G ratio of 1.17 and a beta of 1.63. Seagate Technology Holdings PLC has a 12-month low of $63.19 and a 12-month high of $284.42. The firm has a 50-day moving average price of $224.04 and a 200 day moving average price of $163.68.

Seagate Technology (NASDAQ:STX) last issued its quarterly earnings data on Tuesday, October 28th. The data storage provider reported $2.61 earnings per share for the quarter, topping the consensus estimate of $2.40 by $0.21. The firm had revenue of $2.63 billion for the quarter, compared to analysts’ expectations of $2.54 billion. Seagate Technology had a net margin of 17.92% and a negative return on equity of 297.87%. The company’s quarterly revenue was up 21.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.58 earnings per share. Seagate Technology has set its Q2 2026 guidance at 2.550-2.950 EPS. As a group, research analysts expect that Seagate Technology Holdings PLC will post 6.83 earnings per share for the current year.

Seagate Technology Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 9th. Investors of record on Wednesday, December 24th will be given a dividend of $0.74 per share. This is a boost from Seagate Technology’s previous quarterly dividend of $0.72. The ex-dividend date is Wednesday, December 24th. This represents a $2.96 dividend on an annualized basis and a yield of 1.1%. Seagate Technology’s dividend payout ratio is currently 38.00%.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. The Goldman Sachs Group boosted their price target on shares of Seagate Technology from $170.00 to $270.00 and gave the company a “buy” rating in a report on Wednesday, October 8th. Bank of America raised their price objective on shares of Seagate Technology from $255.00 to $275.00 and gave the stock a “buy” rating in a report on Wednesday, October 29th. Argus upped their target price on shares of Seagate Technology from $170.00 to $300.00 and gave the company a “strong-buy” rating in a research note on Thursday, October 30th. Benchmark increased their price target on shares of Seagate Technology from $250.00 to $255.00 and gave the stock a “buy” rating in a research report on Wednesday, October 29th. Finally, Morgan Stanley raised their price target on shares of Seagate Technology from $265.00 to $270.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 29th. Two analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $272.95.

Insider Activity

In other Seagate Technology news, Director Stephanie Tilenius sold 2,046 shares of Seagate Technology stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $266.41, for a total value of $545,074.86. Following the completion of the transaction, the director owned 12,244 shares in the company, valued at approximately $3,261,924.04. The trade was a 14.32% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Ban Seng Teh sold 6,000 shares of the stock in a transaction on Wednesday, November 5th. The stock was sold at an average price of $270.00, for a total value of $1,620,000.00. Following the sale, the executive vice president owned 12,041 shares in the company, valued at $3,251,070. The trade was a 33.26% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 78,964 shares of company stock worth $19,067,455. 0.79% of the stock is currently owned by insiders.

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.