IFP Advisors Inc Has $144,000 Stock Holdings in Seagate Technology Holdings PLC $STX

IFP Advisors Inc decreased its position in Seagate Technology Holdings PLC (NASDAQ:STX) by 22.6% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 996 shares of the data storage provider’s stock after selling 290 shares during the period. IFP Advisors Inc’s holdings in Seagate Technology were worth $144,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in STX. JPMorgan Chase & Co. raised its position in shares of Seagate Technology by 12.9% during 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 period. Wellington Management Group LLP raised its holdings in Seagate Technology by 3,339.4% during the 1st quarter. Wellington Management Group LLP now owns 933,996 shares of the data storage provider’s stock worth $79,343,000 after buying an additional 906,840 shares during the period. Vanguard Group Inc. lifted its stake 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 valued at $2,441,729,000 after buying an additional 769,009 shares in the last quarter. Valley Wealth Managers Inc. acquired a new position in shares of Seagate Technology in the first quarter valued at approximately $17,546,000. Finally, Nuveen LLC bought a new stake in shares of Seagate Technology during the first quarter worth $17,058,000. Institutional investors and hedge funds own 92.87% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on STX shares. Bank of America lifted their price target on Seagate Technology from $215.00 to $255.00 and gave the company a “buy” rating in a research note on Wednesday, September 24th. Zacks Research raised Seagate Technology from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 2nd. Benchmark upped their price target on Seagate Technology from $165.00 to $250.00 and gave the stock a “buy” rating in a research report on Tuesday, September 16th. Wedbush raised their price target on shares of Seagate Technology from $175.00 to $260.00 and gave the stock an “outperform” rating in a research note on Thursday. Finally, The Goldman Sachs Group boosted their price objective on shares of Seagate Technology from $170.00 to $270.00 and gave the stock a “buy” rating in a research report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Seagate Technology has a consensus rating of “Moderate Buy” and an average price target of $229.40.

Insiders Place Their Bets

In related news, EVP John Christopher Morris sold 15,347 shares of the firm’s stock in a transaction dated Friday, September 12th. The shares were sold at an average price of $195.80, for a total transaction of $3,004,942.60. Following the transaction, the executive vice president directly owned 9,843 shares of the company’s stock, valued at approximately $1,927,259.40. This trade represents a 60.92% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider James Ci Lee sold 3,509 shares of the business’s stock in a transaction dated Thursday, July 31st. The shares were sold at an average price of $154.74, for a total transaction of $542,982.66. Following the completion of the sale, the insider directly owned 1,288 shares of the company’s stock, valued at $199,305.12. This represents a 73.15% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 75,620 shares of company stock valued at $14,464,056 in the last three months. Insiders own 0.79% of the company’s stock.

Seagate Technology Price Performance

Shares of STX opened at $225.40 on Friday. The company’s 50-day moving average is $198.09 and its 200-day moving average is $145.45. The firm has a market capitalization of $48.00 billion, a PE ratio of 33.29, a PEG ratio of 1.01 and a beta of 1.63. Seagate Technology Holdings PLC has a fifty-two week low of $63.19 and a fifty-two week high of $264.83.

Seagate Technology (NASDAQ:STX) last issued its quarterly earnings data on Tuesday, July 29th. The data storage provider reported $2.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.45 by $0.14. The firm had revenue of $2.44 billion during the quarter, compared to the consensus estimate of $2.40 billion. Seagate Technology had a net margin of 16.15% and a negative return on equity of 169.60%. The business’s revenue for the quarter was up 29.5% compared to the same quarter last year. During the same period last year, the business posted $1.05 earnings per share. 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 fiscal year.

Seagate Technology Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 9th. Investors of record on Tuesday, September 30th were paid a $0.72 dividend. The ex-dividend date was Tuesday, September 30th. This represents a $2.88 annualized dividend and a dividend yield of 1.3%. Seagate Technology’s dividend payout ratio is 42.54%.

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.