Seagate Technology Holdings PLC $STX Shares Purchased by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. lifted its stake in Seagate Technology Holdings PLC (NASDAQ:STX) by 36.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 161,131 shares of the data storage provider’s stock after purchasing an additional 43,224 shares during the period. Envestnet Asset Management Inc. owned approximately 0.08% of Seagate Technology worth $23,256,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Nordea Investment Management AB raised its position in Seagate Technology by 18.0% during the second quarter. Nordea Investment Management AB now owns 18,422 shares of the data storage provider’s stock worth $2,632,000 after acquiring an additional 2,808 shares during the last quarter. Personal CFO Solutions LLC acquired a new position in Seagate Technology during the first quarter worth about $223,000. Retirement Planning Co of New England Inc. acquired a new position in Seagate Technology during the first quarter worth about $272,000. Alps Advisors Inc. raised its position in Seagate Technology by 10.2% during the first quarter. Alps Advisors Inc. now owns 278,831 shares of the data storage provider’s stock worth $23,687,000 after acquiring an additional 25,817 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC raised its position in Seagate Technology by 21.5% during the second quarter. Allspring Global Investments Holdings LLC now owns 61,263 shares of the data storage provider’s stock worth $8,886,000 after acquiring an additional 10,847 shares during the last quarter. Institutional investors and hedge funds own 92.87% of the company’s stock.

Seagate Technology Stock Performance

Seagate Technology stock opened at $250.38 on Wednesday. Seagate Technology Holdings PLC has a 1 year low of $63.19 and a 1 year high of $280.35. The firm has a 50 day moving average price of $217.51 and a 200 day moving average price of $160.64. The company has a market cap of $53.32 billion, a price-to-earnings ratio of 32.14, a PEG ratio of 1.17 and a beta of 1.63.

Seagate Technology (NASDAQ:STX) last released its earnings results on Tuesday, October 28th. The data storage provider reported $2.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.40 by $0.21. Seagate Technology had a net margin of 17.92% and a negative return on equity of 297.87%. The firm had revenue of $2.63 billion during the quarter, compared to the consensus estimate of $2.54 billion. During the same period in the previous year, the firm earned $1.58 earnings per share. Seagate Technology’s revenue was up 21.3% compared to the same quarter last year. Seagate Technology has set its Q2 2026 guidance at 2.550-2.950 EPS. Sell-side analysts predict that Seagate Technology Holdings PLC will post 6.83 EPS for the current year.

Seagate Technology Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 9th. Shareholders of record on Wednesday, December 24th will be paid a dividend of $0.74 per share. This is an increase from Seagate Technology’s previous quarterly dividend of $0.72. This represents a $2.96 annualized dividend and a yield of 1.2%. The ex-dividend date is Wednesday, December 24th. Seagate Technology’s payout ratio is presently 36.97%.

Insider Activity at Seagate Technology

In other Seagate Technology news, EVP John Christopher Morris sold 377 shares of the business’s stock in a transaction that occurred on Tuesday, September 16th. The shares were sold at an average price of $211.26, for a total transaction of $79,645.02. Following the completion of the sale, the executive vice president directly owned 13,238 shares in the company, valued at $2,796,659.88. The trade was a 2.77% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Kian Fatt Chong sold 7,078 shares of the business’s stock in a transaction that occurred on Thursday, October 30th. The stock was sold at an average price of $272.14, for a total transaction of $1,926,206.92. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 50,918 shares of company stock valued at $11,645,980 over the last quarter. Company insiders own 0.79% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. The Goldman Sachs Group lifted their target price 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. Barclays lifted their target price on shares of Seagate Technology from $200.00 to $240.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 29th. Morgan Stanley boosted their price objective on shares of Seagate Technology from $265.00 to $270.00 and gave the company an “overweight” rating in a research report on Wednesday, October 29th. Susquehanna boosted their price objective on shares of Seagate Technology from $80.00 to $150.00 and gave the company a “negative” rating in a research report on Wednesday, October 29th. Finally, Robert W. Baird boosted their price objective on shares of Seagate Technology from $188.00 to $270.00 and gave the company an “outperform” rating in a research report on Wednesday, October 29th. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $263.18.

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.