Advisors Asset Management Inc. Increases Holdings in Seagate Technology Holdings PLC $STX

Advisors Asset Management Inc. increased its holdings in shares of Seagate Technology Holdings PLC (NASDAQ:STX) by 34.9% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 916 shares of the data storage provider’s stock after purchasing an additional 237 shares during the period. Advisors Asset Management Inc.’s holdings in Seagate Technology were worth $78,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Tidal Investments LLC boosted its position in Seagate Technology by 133.1% during the 4th quarter. Tidal Investments LLC now owns 12,681 shares of the data storage provider’s stock worth $1,094,000 after purchasing an additional 7,240 shares during the period. Personal CFO Solutions LLC purchased a new stake in Seagate Technology during the 1st quarter worth $223,000. Amalgamated Bank boosted its position in Seagate Technology by 0.8% during the 1st quarter. Amalgamated Bank now owns 29,964 shares of the data storage provider’s stock worth $2,545,000 after purchasing an additional 243 shares during the period. Retirement Planning Co of New England Inc. purchased a new stake in Seagate Technology during the 1st quarter worth $272,000. Finally, Alps Advisors Inc. boosted its position in Seagate Technology by 10.2% during the 1st quarter. Alps Advisors Inc. now owns 278,831 shares of the data storage provider’s stock worth $23,687,000 after purchasing an additional 25,817 shares during the period. 92.87% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

STX has been the subject of a number of research reports. Wall Street Zen cut shares of Seagate Technology from a “buy” rating to a “hold” rating in a research report on Friday, May 30th. Rosenblatt Securities boosted their price objective on shares of Seagate Technology from $185.00 to $200.00 and gave the stock a “buy” rating in a report on Wednesday, July 30th. Morgan Stanley boosted their price objective on shares of Seagate Technology from $167.00 to $168.00 and gave the stock an “overweight” rating in a report on Wednesday, July 30th. Barclays boosted their price objective on shares of Seagate Technology from $180.00 to $200.00 and gave the stock an “equal weight” rating in a report on Thursday. Finally, Benchmark boosted their price objective on shares of Seagate Technology from $128.00 to $165.00 and gave the stock a “buy” rating in a report on Wednesday, July 30th. Fourteen investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $158.11.

Insider Buying and Selling at Seagate Technology

In related news, EVP Ban Seng Teh sold 1,724 shares of the stock in a transaction dated Monday, August 11th. The shares were sold at an average price of $151.61, for a total transaction of $261,375.64. Following the sale, the executive vice president owned 6,147 shares in the company, valued at $931,946.67. This represents a 21.90% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO William D. Mosley sold 20,000 shares of the stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $153.75, for a total transaction of $3,075,000.00. Following the sale, the chief executive officer owned 478,912 shares in the company, valued at approximately $73,632,720. This trade represents a 4.01% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 57,078 shares of company stock worth $8,561,503 in the last ninety days. Insiders own 0.81% of the company’s stock.

Seagate Technology Stock Performance

Shares of Seagate Technology stock opened at $195.99 on Friday. The firm has a market cap of $41.74 billion, a PE ratio of 28.95, a price-to-earnings-growth ratio of 1.21 and a beta of 1.53. The firm’s 50-day simple moving average is $159.75 and its 200-day simple moving average is $121.56. Seagate Technology Holdings PLC has a 1 year low of $63.19 and a 1 year high of $199.24.

Seagate Technology (NASDAQ:STX) last issued 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. The business had revenue of $2.44 billion for the quarter, compared to analyst estimates of $2.40 billion. Seagate Technology had a net margin of 16.15% and a negative return on equity of 169.60%. The company’s revenue for the quarter was up 29.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.05 EPS. Seagate Technology has set its Q1 2026 guidance at 2.100-2.500 EPS. On average, equities analysts predict that Seagate Technology Holdings PLC will post 6.83 earnings per share for the current year.

Seagate Technology Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 9th. Investors of record on Tuesday, September 30th will be paid a dividend of $0.72 per share. The ex-dividend date is Tuesday, September 30th. This represents a $2.88 annualized dividend and a yield of 1.5%. Seagate Technology’s dividend payout ratio is 42.54%.

Seagate Technology announced that its board has authorized a stock repurchase program on Thursday, May 22nd that allows the company to buyback $5.00 billion in outstanding shares. This buyback authorization allows the data storage provider to buy up to 21.6% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s leadership believes its shares are undervalued.

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.