1,443 Shares in Seagate Technology Holdings PLC $STX Purchased by Chicago Partners Investment Group LLC

Chicago Partners Investment Group LLC purchased a new position in shares of Seagate Technology Holdings PLC (NASDAQ:STX) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 1,443 shares of the data storage provider’s stock, valued at approximately $220,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of STX. Salvus Wealth Management LLC boosted its holdings in shares of Seagate Technology by 2.0% during the second quarter. Salvus Wealth Management LLC now owns 3,416 shares of the data storage provider’s stock worth $493,000 after acquiring an additional 68 shares during the period. Angeles Wealth Management LLC boosted its holdings in shares of Seagate Technology by 2.2% during the second quarter. Angeles Wealth Management LLC now owns 3,485 shares of the data storage provider’s stock worth $503,000 after acquiring an additional 76 shares during the period. Moody National Bank Trust Division boosted its holdings in shares of Seagate Technology by 2.0% during the second quarter. Moody National Bank Trust Division now owns 4,625 shares of the data storage provider’s stock worth $668,000 after acquiring an additional 89 shares during the period. Bruce G. Allen Investments LLC boosted its holdings in shares of Seagate Technology by 28.1% during the second quarter. Bruce G. Allen Investments LLC now owns 419 shares of the data storage provider’s stock worth $60,000 after acquiring an additional 92 shares during the period. Finally, TD Private Client Wealth LLC boosted its holdings in shares of Seagate Technology by 30.2% during the second quarter. TD Private Client Wealth LLC now owns 457 shares of the data storage provider’s stock worth $66,000 after acquiring an additional 106 shares during the period. Institutional investors own 92.87% of the company’s stock.

Wall Street Analysts Forecast Growth

STX has been the subject of a number of research analyst reports. TD Cowen boosted their price objective on Seagate Technology from $135.00 to $175.00 and gave the stock a “buy” rating in a report on Wednesday, July 30th. Sanford C. Bernstein lifted their price target on shares of Seagate Technology from $250.00 to $275.00 and gave the company an “outperform” rating in a research report on Thursday. Zacks Research upgraded shares of Seagate Technology from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 2nd. Barclays lifted their price target on shares of Seagate Technology from $180.00 to $200.00 and gave the company an “equal weight” rating in a research report on Thursday, September 11th. Finally, Morgan Stanley lifted their price target on shares of Seagate Technology from $168.00 to $265.00 and gave the company an “overweight” rating in a research report on Monday, September 29th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $234.65.

Seagate Technology Price Performance

NASDAQ STX opened at $234.12 on Friday. The business has a fifty day moving average price of $204.69 and a two-hundred day moving average price of $150.75. Seagate Technology Holdings PLC has a fifty-two week low of $63.19 and a fifty-two week high of $264.83. The stock has a market capitalization of $49.86 billion, a PE ratio of 34.58, a PEG ratio of 1.04 and a beta of 1.63.

Seagate Technology (NASDAQ:STX) last released 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 negative return on equity of 169.60% and a net margin of 16.15%.The firm had revenue of $2.44 billion during the quarter, compared to analysts’ expectations of $2.40 billion. During the same period in the prior year, the company earned $1.05 earnings per share. The company’s quarterly revenue was up 29.5% on a year-over-year basis. Seagate Technology has set its Q1 2026 guidance at 2.100-2.500 EPS. As a group, sell-side analysts expect that Seagate Technology Holdings PLC will post 6.83 earnings per share for the current year.

Seagate Technology Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 9th. Shareholders of record on Tuesday, September 30th were paid a dividend of $0.72 per share. The ex-dividend date was Tuesday, September 30th. This represents a $2.88 annualized dividend and a yield of 1.2%. Seagate Technology’s dividend payout ratio is presently 42.54%.

Insider Activity at Seagate Technology

In other news, insider James Ci Lee sold 3,509 shares of the company’s stock in a transaction on 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 transaction, the insider directly owned 1,288 shares in the company, valued at approximately $199,305.12. This represents a 73.15% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jay L. Geldmacher sold 2,500 shares of the company’s stock in a transaction 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 transaction, the director owned 352 shares of the company’s stock, valued at $52,976. This trade represents a 87.66% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 75,620 shares of company stock valued at $14,464,056. 0.79% of the stock is owned by company 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.