1,499 Shares in Seagate Technology Holdings PLC $STX Purchased by Advyzon Investment Management LLC

Advyzon Investment Management LLC acquired a new position in Seagate Technology Holdings PLC (NASDAQ:STX) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 1,499 shares of the data storage provider’s stock, valued at approximately $216,000.

Several other hedge funds have also recently modified their holdings of STX. Salvus Wealth Management LLC grew its holdings in shares of Seagate Technology by 2.0% in the second quarter. Salvus Wealth Management LLC now owns 3,416 shares of the data storage provider’s stock valued at $493,000 after acquiring an additional 68 shares in the last quarter. GoalVest Advisory LLC grew its stake in Seagate Technology by 30.6% in 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. Angeles Wealth Management LLC increased its position in shares of Seagate Technology by 2.2% during the 2nd quarter. Angeles Wealth Management LLC now owns 3,485 shares of the data storage provider’s stock valued at $503,000 after purchasing an additional 76 shares during the last quarter. Bessemer Group Inc. raised its stake in shares of Seagate Technology by 3.3% during the 2nd quarter. Bessemer Group Inc. now owns 2,502 shares of the data storage provider’s stock worth $361,000 after purchasing an additional 81 shares during the period. Finally, Moody National Bank Trust Division boosted its holdings in shares of Seagate Technology by 2.0% in the 2nd quarter. Moody National Bank Trust Division now owns 4,625 shares of the data storage provider’s stock worth $668,000 after buying an additional 89 shares during the last quarter. Institutional investors own 92.87% of the company’s stock.

Insider Activity at Seagate Technology

In other Seagate Technology news, Director Stephanie Tilenius sold 2,046 shares of the stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $266.41, for a total transaction of $545,074.86. Following the completion of the sale, the director owned 12,244 shares of the company’s stock, valued at $3,261,924.04. This represents a 14.32% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Ban Seng Teh sold 6,000 shares of the business’s stock in a transaction dated Wednesday, November 5th. The shares were sold at an average price of $270.00, for a total transaction of $1,620,000.00. Following the completion of the transaction, the executive vice president owned 12,041 shares in the company, valued at $3,251,070. The trade was a 33.26% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 77,240 shares of company stock worth $18,806,080 over the last ninety days. Insiders own 0.79% of the company’s stock.

Seagate Technology Trading Down 1.6%

Shares of NASDAQ:STX opened at $283.26 on Thursday. The company has a 50 day moving average of $231.06 and a 200 day moving average of $168.64. Seagate Technology Holdings PLC has a 12 month low of $63.19 and a 12 month high of $297.88. The stock has a market cap of $60.49 billion, a P/E ratio of 36.36, a P/E/G ratio of 1.17 and a beta of 1.63.

Seagate Technology (NASDAQ:STX) last posted its quarterly earnings data on Tuesday, October 28th. The data storage provider reported $2.61 earnings per share for the quarter, topping the consensus estimate 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 company had revenue of $2.63 billion for the quarter, compared to analysts’ expectations of $2.54 billion. During the same period in the prior year, the business earned $1.58 earnings per share. Seagate Technology’s revenue for the quarter 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. On average, equities analysts forecast 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 declared a quarterly dividend, which will be paid on Friday, January 9th. Investors of record on Wednesday, December 24th will be issued a dividend of $0.74 per share. The ex-dividend date is Wednesday, December 24th. This represents a $2.96 dividend on an annualized basis and a yield of 1.0%. This is an increase from Seagate Technology’s previous quarterly dividend of $0.72. Seagate Technology’s dividend payout ratio (DPR) is currently 38.00%.

Analysts Set New Price Targets

A number of research firms recently issued reports on STX. Evercore ISI raised their price objective on shares of Seagate Technology from $160.00 to $330.00 and gave the stock an “outperform” rating in a report on Monday, October 13th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Seagate Technology in a report on Wednesday, October 8th. Sanford C. Bernstein increased their price objective on Seagate Technology from $275.00 to $370.00 and gave the company an “outperform” rating in a report on Thursday, November 6th. Citigroup boosted their target price on Seagate Technology from $250.00 to $275.00 and gave the company a “buy” rating in a research note on Wednesday, October 29th. Finally, Robert W. Baird upped their price target on 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 given a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $281.36.

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.