Public Employees Retirement System of Ohio Acquires New Stake in Seagate Technology Holdings PLC $STX

Public Employees Retirement System of Ohio acquired a new stake in shares of Seagate Technology Holdings PLC (NASDAQ:STX) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 2,631 shares of the data storage provider’s stock, valued at approximately $380,000.

Other large investors have also made changes to their positions in the company. Personal CFO Solutions LLC acquired a new stake in shares of Seagate Technology during the first quarter valued at $223,000. Amalgamated Bank boosted its stake in shares of Seagate Technology by 0.8% during the first quarter. Amalgamated Bank now owns 29,964 shares of the data storage provider’s stock valued at $2,545,000 after acquiring an additional 243 shares during the last quarter. Retirement Planning Co of New England Inc. acquired a new stake in shares of Seagate Technology during the first quarter valued at $272,000. Alps Advisors Inc. boosted its stake in shares of Seagate Technology by 10.2% during the first quarter. Alps Advisors Inc. now owns 278,831 shares of the data storage provider’s stock valued at $23,687,000 after acquiring an additional 25,817 shares during the last quarter. Finally, Teacher Retirement System of Texas acquired a new stake in shares of Seagate Technology during the first quarter valued at $2,626,000. Institutional investors and hedge funds own 92.87% of the company’s stock.

Seagate Technology Stock Performance

Shares of NASDAQ:STX opened at $242.83 on Tuesday. The company has a market cap of $51.72 billion, a P/E ratio of 35.87, a PEG ratio of 1.13 and a beta of 1.63. Seagate Technology Holdings PLC has a one year low of $63.19 and a one year high of $264.83. The business’s 50-day simple moving average is $185.62 and its 200 day simple moving average is $137.40.

Seagate Technology (NASDAQ:STX) last announced its earnings results on Tuesday, July 29th. The data storage provider reported $2.59 EPS for the quarter, beating the consensus estimate of $2.45 by $0.14. The business had revenue of $2.44 billion for the quarter, compared to the consensus estimate of $2.40 billion. Seagate Technology had a negative return on equity of 169.60% and a net margin of 16.15%.The company’s revenue was up 29.5% on a year-over-year basis. During the same period last year, the business posted $1.05 EPS. Seagate Technology has set its Q1 2026 guidance at 2.100-2.500 EPS. Analysts predict that Seagate Technology Holdings PLC will post 6.83 earnings per share for the current year.

Seagate Technology Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 9th. Investors of record on Tuesday, September 30th will be issued a dividend of $0.72 per share. This represents a $2.88 annualized dividend and a dividend yield of 1.2%. The ex-dividend date is Tuesday, September 30th. Seagate Technology’s dividend payout ratio (DPR) is presently 42.54%.

Insider Buying and Selling at Seagate Technology

In other Seagate Technology news, Director Jay L. Geldmacher sold 2,500 shares of Seagate Technology stock in a transaction that occurred on Wednesday, August 6th. The stock was sold at an average price of $150.50, for a total transaction of $376,250.00. Following the sale, the director directly owned 352 shares in the company, valued at $52,976. The trade was a 87.66% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP John Christopher Morris sold 377 shares of Seagate Technology stock in a transaction that occurred on Tuesday, September 16th. The stock was sold at an average price of $211.26, for a total value of $79,645.02. Following the sale, the executive vice president owned 13,238 shares in the company, valued at $2,796,659.88. This represents a 2.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 75,935 shares of company stock worth $14,394,416. Insiders own 0.79% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have issued reports on STX shares. Mizuho raised their price target on Seagate Technology from $160.00 to $245.00 and gave the stock an “outperform” rating in a research note on Friday, September 19th. TD Cowen raised their price target on Seagate Technology from $135.00 to $175.00 and gave the stock a “buy” rating in a research note on Wednesday, July 30th. Susquehanna raised their price target on Seagate Technology from $68.00 to $80.00 and gave the stock a “negative” rating in a research note on Wednesday, July 30th. Zacks Research raised Seagate Technology from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 2nd. Finally, UBS Group raised their price target on Seagate Technology from $85.00 to $155.00 and gave the stock a “neutral” rating in a research note on Monday, July 21st. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $193.32.

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.