Avantax Advisory Services Inc. Has $2.17 Million Stake in Seagate Technology Holdings PLC $STX

Avantax Advisory Services Inc. trimmed its holdings in shares of Seagate Technology Holdings PLC (NASDAQ:STX) by 7.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,016 shares of the data storage provider’s stock after selling 1,146 shares during the period. Avantax Advisory Services Inc.’s holdings in Seagate Technology were worth $2,167,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of STX. Vanguard Group Inc. raised its position in shares of Seagate Technology by 2.7% during the 1st quarter. Vanguard Group Inc. now owns 28,743,126 shares of the data storage provider’s stock valued at $2,441,729,000 after acquiring an additional 769,009 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in Seagate Technology by 12.9% in the first quarter. JPMorgan Chase & Co. now owns 18,920,792 shares of the data storage provider’s stock valued at $1,607,321,000 after purchasing an additional 2,161,191 shares during the last quarter. Geode Capital Management LLC lifted its stake in Seagate Technology by 1.9% in the second quarter. Geode Capital Management LLC now owns 4,567,181 shares of the data storage provider’s stock valued at $656,066,000 after buying an additional 85,660 shares during the period. Invesco Ltd. boosted its holdings in Seagate Technology by 3.6% during the first quarter. Invesco Ltd. now owns 2,861,418 shares of the data storage provider’s stock worth $243,077,000 after buying an additional 99,884 shares during the last quarter. Finally, Royal Bank of Canada grew its position in shares of Seagate Technology by 0.8% during the 1st quarter. Royal Bank of Canada now owns 1,628,941 shares of the data storage provider’s stock worth $138,378,000 after buying an additional 12,424 shares during the period. 92.87% of the stock is owned by institutional investors.

Insider Activity at Seagate Technology

In other news, EVP Ban Seng Teh sold 6,000 shares of the firm’s stock in a transaction dated Wednesday, November 5th. The stock was sold at an average price of $270.00, for a total value 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. This trade represents a 33.26% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Kian Fatt Chong sold 7,078 shares of Seagate Technology stock in a transaction dated Thursday, October 30th. The shares were sold at an average price of $272.14, for a total value of $1,926,206.92. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 131,261 shares of company stock worth $34,210,708. Corporate insiders own 0.79% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on STX. TD Cowen lifted their price objective on shares of Seagate Technology from $270.00 to $340.00 and gave the stock a “buy” rating in a research note on Tuesday, November 11th. Fox Advisors increased their target price on shares of Seagate Technology from $245.00 to $270.00 in a report on Wednesday, October 29th. Weiss Ratings reissued a “buy (b)” rating on shares of Seagate Technology in a report on Wednesday. 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 research report on Wednesday, October 29th. Finally, Cantor Fitzgerald lifted their target price on Seagate Technology from $280.00 to $400.00 and gave the stock an “overweight” rating in a report on Thursday, November 6th. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $283.41.

Seagate Technology Stock Down 1.3%

NASDAQ:STX opened at $237.49 on Friday. The company has a market cap of $50.72 billion, a P/E ratio of 30.49, a price-to-earnings-growth ratio of 1.17 and a beta of 1.63. Seagate Technology Holdings PLC has a twelve month low of $63.19 and a twelve month high of $297.88. The business has a 50 day moving average price of $239.75 and a two-hundred day moving average price of $176.09.

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

Seagate Technology Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 9th. Shareholders 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. The ex-dividend date of this dividend is Wednesday, December 24th. This represents a $2.96 annualized dividend and a yield of 1.2%. Seagate Technology’s payout ratio 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.