D.A. Davidson & CO. Lowers Stake in Seagate Technology Holdings PLC $STX

D.A. Davidson & CO. reduced its holdings in shares of Seagate Technology Holdings PLC (NASDAQ:STX) by 3.3% during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 2,745 shares of the data storage provider’s stock after selling 95 shares during the period. D.A. Davidson & CO.’s holdings in Seagate Technology were worth $396,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Harbor Asset Planning Inc. purchased a new stake in shares of Seagate Technology in the second quarter valued at about $27,000. Wayfinding Financial LLC purchased a new stake in shares of Seagate Technology in the first quarter valued at about $31,000. Trust Co. of Toledo NA OH purchased a new stake in shares of Seagate Technology in the second quarter valued at about $57,000. Bruce G. Allen Investments LLC boosted its holdings in shares of Seagate Technology by 28.1% in the second quarter. Bruce G. Allen Investments LLC now owns 419 shares of the data storage provider’s stock valued at $60,000 after acquiring an additional 92 shares in the last quarter. Finally, TD Private Client Wealth LLC boosted its holdings in shares of Seagate Technology by 30.2% in the second quarter. TD Private Client Wealth LLC now owns 457 shares of the data storage provider’s stock valued at $66,000 after acquiring an additional 106 shares in the last quarter. 92.87% of the stock is owned by hedge funds and other institutional investors.

Seagate Technology Stock Up 19.1%

Shares of NASDAQ STX opened at $265.62 on Thursday. Seagate Technology Holdings PLC has a 52 week low of $63.19 and a 52 week high of $268.91. The firm has a 50-day moving average price of $209.57 and a 200 day moving average price of $154.82. The stock has a market capitalization of $56.57 billion, a price-to-earnings ratio of 34.10, a price-to-earnings-growth ratio of 0.98 and a beta of 1.63.

Seagate Technology (NASDAQ:STX) last announced its earnings results on Tuesday, October 28th. The data storage provider reported $2.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.40 by $0.21. The company had revenue of $2.63 billion during the quarter, compared to analysts’ expectations of $2.54 billion. Seagate Technology had a net margin of 17.92% and a negative return on equity of 229.36%. The firm’s quarterly revenue was up 21.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.58 earnings per share. Seagate Technology has set its Q2 2026 guidance at 2.550-2.950 EPS. Equities research analysts expect that Seagate Technology Holdings PLC will post 6.83 EPS for the current fiscal year.

Seagate Technology Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 9th. Shareholders of record on Wednesday, December 24th will be given a dividend of $0.74 per share. The ex-dividend date is Wednesday, December 24th. This is an increase from Seagate Technology’s previous quarterly dividend of $0.72. This represents a $2.96 dividend on an annualized basis and a yield of 1.1%. Seagate Technology’s dividend payout ratio (DPR) is presently 42.54%.

Wall Street Analysts Forecast Growth

STX has been the topic of several analyst reports. Robert W. Baird lifted their target price on shares of Seagate Technology from $188.00 to $270.00 and gave the company an “outperform” rating in a report on Wednesday. Evercore ISI lifted their target price on shares of Seagate Technology from $160.00 to $330.00 and gave the company an “outperform” rating in a report on Monday, October 13th. Citigroup lifted their target price on shares of Seagate Technology from $250.00 to $275.00 and gave the company a “buy” rating in a report on Wednesday. Loop Capital raised their price objective on shares of Seagate Technology from $200.00 to $350.00 and gave the company a “buy” rating in a research note on Thursday, October 16th. Finally, Barclays raised their price objective on shares of Seagate Technology from $200.00 to $240.00 and gave the company an “equal weight” rating in a research note on Wednesday. One research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $253.00.

Insider Activity at Seagate Technology

In other Seagate Technology news, EVP John Christopher Morris sold 15,347 shares of Seagate Technology 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 completion of the transaction, the executive vice president owned 9,843 shares in the company, valued at approximately $1,927,259.40. The trade was a 60.92% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider James Ci Lee sold 1,116 shares of Seagate Technology stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $153.36, for a total transaction of $171,149.76. Following the transaction, the insider owned 257 shares of the company’s stock, valued at approximately $39,413.52. The trade was a 81.28% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 72,111 shares of company stock valued at $13,921,073 in the last quarter. 0.79% of the stock is owned by corporate insiders.

Seagate Technology Company 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.