Seagate Technology Holdings PLC $STX Shares Purchased by ARS Investment Partners LLC

ARS Investment Partners LLC grew its holdings in shares of Seagate Technology Holdings PLC (NASDAQ:STX) by 69.7% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 123,841 shares of the data storage provider’s stock after purchasing an additional 50,861 shares during the period. Seagate Technology makes up about 1.3% of ARS Investment Partners LLC’s holdings, making the stock its 28th biggest position. ARS Investment Partners LLC owned approximately 0.06% of Seagate Technology worth $17,874,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. New York State Common Retirement Fund raised its position in Seagate Technology by 29.3% in the first quarter. New York State Common Retirement Fund now owns 48,429 shares of the data storage provider’s stock worth $4,114,000 after acquiring an additional 10,980 shares in the last quarter. CWM LLC grew its stake in shares of Seagate Technology by 14.0% during the 1st quarter. CWM LLC now owns 3,691 shares of the data storage provider’s stock worth $314,000 after purchasing an additional 454 shares during the period. Teachers Retirement System of The State of Kentucky increased its holdings in shares of Seagate Technology by 6.7% in the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 16,304 shares of the data storage provider’s stock valued at $1,385,000 after purchasing an additional 1,027 shares in the last quarter. KLP Kapitalforvaltning AS lifted its stake in shares of Seagate Technology by 14.5% in the first quarter. KLP Kapitalforvaltning AS now owns 75,195 shares of the data storage provider’s stock valued at $6,442,000 after purchasing an additional 9,500 shares during the period. Finally, Beacon Investment Advisory Services Inc. lifted its stake in shares of Seagate Technology by 18.0% in the first quarter. Beacon Investment Advisory Services Inc. now owns 4,607 shares of the data storage provider’s stock valued at $391,000 after purchasing an additional 703 shares during the period. 92.87% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

STX has been the topic of several recent analyst reports. Barclays upped 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. Loop Capital upped their price target on Seagate Technology from $350.00 to $465.00 and gave the stock a “buy” rating in a report on Monday, November 10th. Rosenblatt Securities raised their price objective on Seagate Technology from $250.00 to $270.00 and gave the company a “buy” rating in a research note on Wednesday, October 29th. BNP Paribas Exane reduced their price objective on Seagate Technology from $240.00 to $230.00 and set a “neutral” rating for the company in a report on Wednesday, October 29th. Finally, Argus boosted their target price on Seagate Technology from $170.00 to $300.00 and gave the stock a “strong-buy” rating in a research report on Thursday, October 30th. Two analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $281.36.

Insider Buying and Selling at Seagate Technology

In related news, CEO William D. Mosley sold 20,000 shares of the company’s stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $262.82, for a total transaction of $5,256,400.00. Following the transaction, the chief executive officer owned 465,668 shares of the company’s stock, valued at approximately $122,386,863.76. This represents a 4.12% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Kian Fatt Chong sold 7,078 shares of Seagate Technology 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. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 131,261 shares of company stock valued at $34,210,708. 0.79% of the stock is owned by corporate insiders.

Seagate Technology Stock Down 2.9%

NASDAQ STX opened at $253.86 on Wednesday. Seagate Technology Holdings PLC has a fifty-two week low of $63.19 and a fifty-two week high of $297.88. The stock has a market cap of $54.21 billion, a price-to-earnings ratio of 32.59, a price-to-earnings-growth ratio of 1.17 and a beta of 1.63. The business has a fifty day moving average of $236.72 and a 200-day moving average of $174.04.

Seagate Technology (NASDAQ:STX) last posted its quarterly earnings data on Tuesday, October 28th. The data storage provider reported $2.61 EPS 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 business had revenue of $2.63 billion for the quarter, compared to analyst estimates of $2.54 billion. During the same quarter last year, the company earned $1.58 earnings per share. The business’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. As a group, analysts anticipate that Seagate Technology Holdings PLC will post 6.83 EPS for the current year.

Seagate Technology Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 9th. Stockholders of record on Wednesday, December 24th will be given a $0.74 dividend. 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 dividend yield of 1.2%. The ex-dividend date of this dividend is Wednesday, December 24th. Seagate Technology’s dividend payout ratio (DPR) is presently 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.