Assetmark Inc. Increases Position in Seagate Technology Holdings PLC $STX

Assetmark Inc. increased its position in shares of Seagate Technology Holdings PLC (NASDAQ:STX) by 136.9% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,125 shares of the data storage provider’s stock after purchasing an additional 1,806 shares during the period. Assetmark Inc.’s holdings in Seagate Technology were worth $451,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Harbor Asset Planning Inc. bought a new stake in Seagate Technology during the second quarter valued at about $27,000. Zions Bancorporation National Association UT purchased a new stake in shares of Seagate Technology during the first quarter worth about $42,000. GoalVest Advisory LLC raised its stake in Seagate Technology by 30.6% during the 2nd quarter. GoalVest Advisory LLC now owns 320 shares of the data storage provider’s stock valued at $46,000 after purchasing an additional 75 shares during the period. Costello Asset Management INC bought a new stake in Seagate Technology during the 1st quarter valued at approximately $47,000. Finally, Trust Co. of Toledo NA OH purchased a new position in Seagate Technology in the 2nd quarter worth approximately $57,000. Institutional investors own 92.87% of the company’s stock.

Seagate Technology Price Performance

Shares of NASDAQ STX opened at $279.35 on Friday. Seagate Technology Holdings PLC has a 1-year low of $63.19 and a 1-year high of $284.42. The business’s 50 day moving average is $224.04 and its two-hundred day moving average is $163.68. The stock has a market capitalization of $59.66 billion, a P/E ratio of 35.86, a PEG ratio of 1.17 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 EPS for the quarter, topping analysts’ consensus estimates of $2.40 by $0.21. Seagate Technology had a negative return on equity of 297.87% and a net margin of 17.92%.The firm had revenue of $2.63 billion during the quarter, compared to analysts’ expectations of $2.54 billion. During the same quarter in the previous year, the business earned $1.58 EPS. The company’s quarterly revenue was up 21.3% on a year-over-year basis. Seagate Technology has set its Q2 2026 guidance at 2.550-2.950 EPS. As a group, equities research analysts anticipate that Seagate Technology Holdings PLC will post 6.83 earnings per share for the current fiscal year.

Seagate Technology Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 9th. Stockholders of record on Wednesday, December 24th will be paid a $0.74 dividend. This is an increase from Seagate Technology’s previous quarterly dividend of $0.72. This represents a $2.96 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend is Wednesday, December 24th. Seagate Technology’s payout ratio is currently 38.00%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on STX. BNP Paribas Exane cut their price objective on shares of Seagate Technology from $240.00 to $230.00 and set a “neutral” rating for the company in a report on Wednesday, October 29th. Argus upped their target price on shares of Seagate Technology from $170.00 to $300.00 and gave the stock a “strong-buy” rating in a research report on Thursday, October 30th. Benchmark lifted their price target on shares of Seagate Technology from $250.00 to $255.00 and gave the company a “buy” rating in a report on Wednesday, October 29th. Susquehanna boosted their price target on shares of Seagate Technology from $80.00 to $150.00 and gave the stock a “negative” rating in a research note on Wednesday, October 29th. Finally, Fox Advisors increased their price objective on shares of Seagate Technology from $245.00 to $270.00 in a report on Wednesday, October 29th. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $272.95.

Insider Transactions at Seagate Technology

In other Seagate Technology news, CEO William D. Mosley sold 20,000 shares of the firm’s stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $262.82, for a total value of $5,256,400.00. Following the completion of the sale, the chief executive officer owned 465,668 shares of the company’s stock, valued at $122,386,863.76. This trade represents a 4.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Stephanie Tilenius sold 2,046 shares of the firm’s stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $266.41, for a total transaction of $545,074.86. Following the completion of the sale, the director directly owned 12,244 shares of the company’s stock, valued at approximately $3,261,924.04. The trade was a 14.32% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 78,964 shares of company stock worth $19,067,455. 0.79% of the stock is currently owned by insiders.

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.