AE Wealth Management LLC Decreases Stock Holdings in Seagate Technology Holdings PLC $STX

AE Wealth Management LLC lowered its stake in shares of Seagate Technology Holdings PLC (NASDAQ:STX) by 91.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,427 shares of the data storage provider’s stock after selling 106,655 shares during the quarter. AE Wealth Management LLC’s holdings in Seagate Technology were worth $1,505,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in the company. Salvus Wealth Management LLC boosted its holdings in shares of Seagate Technology by 2.0% in the 2nd quarter. Salvus Wealth Management LLC now owns 3,416 shares of the data storage provider’s stock valued at $493,000 after buying an additional 68 shares in the last quarter. GoalVest Advisory LLC lifted its position in Seagate Technology by 30.6% during the second quarter. GoalVest Advisory LLC now owns 320 shares of the data storage provider’s stock valued at $46,000 after acquiring an additional 75 shares during the last quarter. Angeles Wealth Management LLC lifted its position in 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 valued at $503,000 after acquiring an additional 76 shares during the last quarter. Bessemer Group Inc. boosted its stake in Seagate Technology by 3.3% in the second quarter. Bessemer Group Inc. now owns 2,502 shares of the data storage provider’s stock valued at $361,000 after acquiring an additional 81 shares in the last quarter. Finally, Moody National Bank Trust Division grew its holdings in Seagate Technology by 2.0% in the second quarter. Moody National Bank Trust Division now owns 4,625 shares of the data storage provider’s stock worth $668,000 after purchasing an additional 89 shares during the last quarter. 92.87% of the stock is currently owned by institutional investors.

Seagate Technology Stock Down 1.6%

Shares of NASDAQ:STX opened at $283.26 on Thursday. Seagate Technology Holdings PLC has a 52-week low of $63.19 and a 52-week high of $297.88. The business has a 50-day moving average price of $231.06 and a 200-day moving average price of $168.64. The stock has a market cap of $60.49 billion, a price-to-earnings ratio of 36.36, a PEG ratio of 1.17 and a beta of 1.63.

Seagate Technology (NASDAQ:STX) last announced its quarterly earnings data on Tuesday, October 28th. The data storage provider reported $2.61 EPS for the quarter, beating the consensus estimate of $2.40 by $0.21. The business 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 297.87%. The business’s quarterly revenue was up 21.3% compared to the same quarter last year. During the same period in the previous year, the business posted $1.58 EPS. Seagate Technology has set its Q2 2026 guidance at 2.550-2.950 EPS. As a group, equities analysts anticipate 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. Investors of record on Wednesday, December 24th will be given a dividend of $0.74 per share. This is a boost from Seagate Technology’s previous quarterly dividend of $0.72. This represents a $2.96 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date is Wednesday, December 24th. Seagate Technology’s payout ratio is presently 38.00%.

Insider Buying and Selling

In other Seagate Technology news, EVP Ban Seng Teh sold 6,000 shares of the stock in a transaction dated Wednesday, November 5th. The stock was sold at an average price of $270.00, for a total transaction of $1,620,000.00. Following the sale, the executive vice president directly owned 12,041 shares of the company’s stock, valued at approximately $3,251,070. This trade represents a 33.26% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Kian Fatt Chong sold 7,078 shares of the business’s stock in a transaction that occurred on Thursday, October 30th. The shares were sold at an average price of $272.14, for a total value of $1,926,206.92. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 77,240 shares of company stock valued at $18,806,080 in the last 90 days. 0.79% of the stock is currently owned by insiders.

Analyst Ratings Changes

STX has been the subject of several analyst reports. Susquehanna increased their price objective on Seagate Technology from $80.00 to $150.00 and gave the company a “negative” rating in a report on Wednesday, October 29th. Rosenblatt Securities increased their price target on Seagate Technology from $250.00 to $270.00 and gave the company a “buy” rating in a research note on Wednesday, October 29th. Robert W. Baird raised their price target on Seagate Technology from $188.00 to $270.00 and gave the stock an “outperform” rating in a report on Wednesday, October 29th. Citigroup upped their price objective on shares of Seagate Technology from $250.00 to $275.00 and gave the company a “buy” rating in a report on Wednesday, October 29th. Finally, Loop Capital increased their price objective on shares of Seagate Technology from $350.00 to $465.00 and gave the company a “buy” rating in a research report on Monday. Two 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 issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $281.36.

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.