Advisors Capital Management LLC Grows Stock Position in Seagate Technology Holdings PLC $STX

Advisors Capital Management LLC lifted its stake in shares of Seagate Technology Holdings PLC (NASDAQ:STX) by 2.8% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 293,486 shares of the data storage provider’s stock after buying an additional 8,121 shares during the period. Advisors Capital Management LLC owned approximately 0.14% of Seagate Technology worth $42,359,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Salvus Wealth Management LLC boosted its holdings in 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 worth $493,000 after buying an additional 68 shares during the last quarter. GoalVest Advisory LLC boosted 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 worth $46,000 after acquiring an additional 75 shares during the last quarter. Angeles Wealth Management LLC grew its stake in 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 acquiring an additional 76 shares in the last quarter. Bessemer Group Inc. raised its holdings in Seagate Technology by 3.3% in the 2nd 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 during the last quarter. Finally, Moody National Bank Trust Division grew its position in shares of 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 valued at $668,000 after purchasing an additional 89 shares in the last quarter. 92.87% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Seagate Technology

In other Seagate Technology news, Director Jay L. Geldmacher sold 1,250 shares of the business’s stock in a transaction dated Friday, October 31st. The shares were sold at an average price of $269.10, for a total value of $336,375.00. Following the completion of the transaction, the director directly owned 1,148 shares of the company’s stock, valued at approximately $308,926.80. The trade was a 52.13% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Kian Fatt Chong sold 7,078 shares of the business’s stock in a transaction on Thursday, October 30th. The stock was sold at an average price of $272.14, for a total value of $1,926,206.92. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 77,240 shares of company stock valued at $18,806,080. 0.79% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on STX shares. Wells Fargo & Company boosted their price objective on Seagate Technology from $240.00 to $250.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 29th. Mizuho boosted their price target on shares of Seagate Technology from $245.00 to $280.00 and gave the company an “outperform” rating in a research report on Friday, October 17th. Susquehanna upped their price objective on shares of Seagate Technology from $80.00 to $150.00 and gave the company a “negative” rating in a report on Wednesday, October 29th. Loop Capital lifted their target price on shares of Seagate Technology from $350.00 to $465.00 and gave the stock a “buy” rating in a research note on Monday. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Seagate Technology in a report on Wednesday, October 8th. Two investment 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 company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $281.36.

Seagate Technology Stock Down 7.3%

Shares of STX opened at $262.56 on Friday. The company has a 50-day moving average price of $232.63 and a two-hundred day moving average price of $169.29. The stock has a market cap of $56.07 billion, a price-to-earnings ratio of 33.70, a P/E/G ratio of 1.17 and a beta of 1.63. Seagate Technology Holdings PLC has a 12 month low of $63.19 and a 12 month high of $297.88.

Seagate Technology (NASDAQ:STX) last announced its quarterly earnings results on Tuesday, October 28th. The data storage provider reported $2.61 earnings per share for the quarter, beating 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 for the quarter, compared to analysts’ expectations of $2.54 billion. During the same period in the prior year, the business posted $1.58 earnings per share. The business’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. 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. Stockholders 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 is a boost from Seagate Technology’s previous quarterly dividend of $0.72. This represents a $2.96 annualized dividend and a dividend yield of 1.1%. Seagate Technology’s dividend payout ratio (DPR) is currently 38.00%.

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.