Seagate Technology Holdings PLC $STX Shares Acquired by Parallel Advisors LLC

Parallel Advisors LLC grew its holdings in Seagate Technology Holdings PLC (NASDAQ:STX) by 39.6% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,054 shares of the data storage provider’s stock after buying an additional 1,151 shares during the period. Parallel Advisors LLC’s holdings in Seagate Technology were worth $585,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of STX. Tidal Investments LLC increased its position in Seagate Technology by 133.1% during the fourth 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 last quarter. Vident Advisory LLC increased its position in Seagate Technology by 39.6% during the fourth quarter. Vident Advisory LLC now owns 8,571 shares of the data storage provider’s stock worth $740,000 after purchasing an additional 2,432 shares during the last quarter. Worldquant Millennium Advisors LLC increased its position in Seagate Technology by 83.2% during the fourth quarter. Worldquant Millennium Advisors LLC now owns 17,336 shares of the data storage provider’s stock worth $1,496,000 after purchasing an additional 7,873 shares during the last quarter. Waverly Advisors LLC acquired a new stake in Seagate Technology during the fourth quarter worth about $226,000. Finally, Voloridge Investment Management LLC acquired a new stake in Seagate Technology during the fourth quarter worth about $10,807,000. 92.87% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CEO William D. Mosley sold 20,000 shares of Seagate Technology stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $144.66, for a total value of $2,893,200.00. Following the completion of the transaction, the chief executive officer owned 498,710 shares in the company, valued at $72,143,388.60. The trade was a 3.86% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Ban Seng Teh sold 5,905 shares of Seagate Technology stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $155.00, for a total transaction of $915,275.00. Following the completion of the transaction, the executive vice president owned 6,147 shares of the company’s stock, valued at $952,785. This represents a 49.00% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 75,935 shares of company stock valued at $12,289,616 over the last ninety days. 0.79% of the stock is currently owned by corporate insiders.

Seagate Technology Stock Up 2.1%

Shares of STX opened at $221.23 on Friday. Seagate Technology Holdings PLC has a fifty-two week low of $63.19 and a fifty-two week high of $221.66. The firm’s 50 day moving average price is $166.69 and its 200 day moving average price is $125.54. The company has a market cap of $47.12 billion, a P/E ratio of 32.68, a PEG ratio of 1.25 and a beta of 1.53.

Seagate Technology (NASDAQ:STX) last announced its earnings results on Tuesday, July 29th. The data storage provider reported $2.59 earnings per share for the quarter, topping the consensus estimate of $2.45 by $0.14. Seagate Technology had a net margin of 16.15% and a negative return on equity of 169.60%. The firm had revenue of $2.44 billion for the quarter, compared to the consensus estimate of $2.40 billion. During the same period in the prior year, the firm earned $1.05 EPS. The firm’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. Research analysts forecast that Seagate Technology Holdings PLC will post 6.83 earnings per share for the current year.

Seagate Technology Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 9th. Investors of record on Tuesday, September 30th will be paid a $0.72 dividend. The ex-dividend date is 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 currently 42.54%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Wells Fargo & Company raised their price objective on shares of Seagate Technology from $122.00 to $160.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 17th. Citigroup increased their target price on shares of Seagate Technology from $167.00 to $215.00 and gave the stock a “buy” rating in a research note on Monday, September 8th. Cantor Fitzgerald raised shares of Seagate Technology from a “neutral” rating to an “overweight” rating and set a $175.00 target price for the company in a research note on Wednesday, July 30th. Mizuho increased their target price on shares of Seagate Technology from $160.00 to $245.00 and gave the stock an “outperform” rating in a research note on Friday. Finally, Wall Street Zen lowered shares of Seagate Technology from a “buy” rating to a “hold” rating in a research note on Friday, May 30th. Fifteen investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Seagate Technology has an average rating of “Moderate Buy” and an average target price of $177.95.

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.