AlphaCore Capital LLC Invests $257,000 in Seagate Technology Holdings PLC $STX

AlphaCore Capital LLC bought a new position in shares of Seagate Technology Holdings PLC (NASDAQ:STX) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund bought 1,771 shares of the data storage provider’s stock, valued at approximately $257,000.

Several other institutional investors have also added to or reduced their stakes in the company. Vision Financial Markets LLC bought a new stake in shares of Seagate Technology in the second quarter valued at approximately $173,000. Nordea Investment Management AB increased its stake in Seagate Technology by 18.0% during the 2nd quarter. Nordea Investment Management AB now owns 18,422 shares of the data storage provider’s stock worth $2,632,000 after acquiring an additional 2,808 shares during the period. Central Asset Investments & Management Holdings HK Ltd raised its holdings in Seagate Technology by 185.8% in the 2nd quarter. Central Asset Investments & Management Holdings HK Ltd now owns 18,734 shares of the data storage provider’s stock valued at $2,704,000 after acquiring an additional 12,178 shares in the last quarter. Retirement Planning Co of New England Inc. bought a new stake in shares of Seagate Technology during the 1st quarter valued at $272,000. Finally, Allspring Global Investments Holdings LLC lifted its position in shares of Seagate Technology by 21.5% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 61,263 shares of the data storage provider’s stock valued at $8,886,000 after acquiring an additional 10,847 shares during the period. 92.87% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Seagate Technology

In other Seagate Technology news, CFO Gianluca Romano sold 54,021 shares of the business’s stock in a transaction on Wednesday, November 12th. The stock was sold at an average price of $285.16, for a total value of $15,404,628.36. Following the transaction, the chief financial officer owned 56,293 shares of the company’s stock, valued at approximately $16,052,511.88. The trade was a 48.97% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO William D. Mosley sold 20,000 shares of the business’s stock in a transaction dated 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 completion of the transaction, the chief executive officer owned 465,668 shares in the company, valued at approximately $122,386,863.76. The trade was a 4.12% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 131,261 shares of company stock valued at $34,210,708 in the last three months. Insiders own 0.79% of the company’s stock.

Seagate Technology Trading Up 6.7%

STX stock opened at $253.38 on Tuesday. The stock has a 50-day moving average price of $240.59 and a 200-day moving average price of $178.35. The firm has a market cap of $54.11 billion, a PE ratio of 32.53, a price-to-earnings-growth ratio of 1.17 and a beta of 1.63. Seagate Technology Holdings PLC has a 1-year low of $63.19 and a 1-year high of $297.88.

Seagate Technology (NASDAQ:STX) last issued its earnings results on Tuesday, October 28th. The data storage provider reported $2.61 earnings per share (EPS) 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 business had revenue of $2.63 billion for the quarter, compared to analyst estimates of $2.54 billion. During the same period in the prior year, the firm earned $1.58 earnings per share. Seagate Technology’s revenue was up 21.3% on a year-over-year basis. Seagate Technology has set its Q2 2026 guidance at 2.550-2.950 EPS. On average, analysts forecast that Seagate Technology Holdings PLC will post 6.83 earnings per share for the current 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 issued a $0.74 dividend. The ex-dividend date is Wednesday, December 24th. This represents a $2.96 dividend on an annualized basis and a dividend yield of 1.2%. This is a boost from Seagate Technology’s previous quarterly dividend of $0.72. Seagate Technology’s dividend payout ratio (DPR) is currently 38.00%.

Wall Street Analysts Forecast Growth

STX has been the subject of a number of analyst reports. Argus boosted their price target on Seagate Technology from $170.00 to $300.00 and gave the company a “strong-buy” rating in a research note on Thursday, October 30th. Wedbush increased their price target on shares of Seagate Technology from $260.00 to $290.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 29th. Citigroup boosted 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. UBS Group cut their target price on Seagate Technology from $235.00 to $230.00 and set a “neutral” rating for the company in a research note on Wednesday, October 29th. Finally, Loop Capital lifted their price target on Seagate Technology from $350.00 to $465.00 and gave the company a “buy” rating in a research note on Monday, November 10th. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $283.41.

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.