AXQ Capital LP Invests $277,000 in Seagate Technology Holdings PLC $STX

AXQ Capital LP purchased a new stake in shares of Seagate Technology Holdings PLC (NASDAQ:STX) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 1,918 shares of the data storage provider’s stock, valued at approximately $277,000.

A number of other institutional investors also recently bought and sold shares of STX. Salvus Wealth Management LLC grew its holdings in shares of Seagate Technology by 2.0% during the 2nd quarter. Salvus Wealth Management LLC now owns 3,416 shares of the data storage provider’s stock worth $493,000 after acquiring an additional 68 shares during the period. GoalVest Advisory LLC lifted its stake in shares of Seagate Technology by 30.6% in the 2nd quarter. GoalVest Advisory LLC now owns 320 shares of the data storage provider’s stock valued at $46,000 after purchasing an additional 75 shares during the period. Angeles Wealth Management LLC boosted its position in shares of 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 purchasing an additional 76 shares in the last quarter. Bessemer Group Inc. boosted its position in shares of Seagate Technology by 3.3% during the second quarter. Bessemer Group Inc. now owns 2,502 shares of the data storage provider’s stock valued at $361,000 after purchasing an additional 81 shares in the last quarter. Finally, Moody National Bank Trust Division grew its stake 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 period. 92.87% of the stock is owned by institutional investors.

Analyst Ratings Changes

STX has been the subject of several recent research reports. Wells Fargo & Company raised their price objective on Seagate Technology from $240.00 to $250.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 29th. Evercore ISI increased their price target on shares of Seagate Technology from $160.00 to $330.00 and gave the stock an “outperform” rating in a research note on Monday, October 13th. Rosenblatt Securities lifted their price target on shares of Seagate Technology from $250.00 to $270.00 and gave the company a “buy” rating in a research report on Wednesday, October 29th. Sanford C. Bernstein upped their price objective on shares of Seagate Technology from $275.00 to $370.00 and gave the stock an “outperform” rating in a report on Thursday, November 6th. Finally, Bank of America raised their target price on shares of Seagate Technology from $275.00 to $320.00 and gave the company a “buy” rating in a research note on Thursday, November 20th. Two research 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 assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Seagate Technology currently has a consensus rating of “Moderate Buy” and a consensus target price of $283.41.

Seagate Technology Trading Up 6.7%

STX stock opened at $253.38 on Tuesday. The stock’s 50 day simple moving average is $240.59 and its 200 day simple moving average is $178.35. Seagate Technology Holdings PLC has a 12-month low of $63.19 and a 12-month high of $297.88. The stock has a market capitalization 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 (NASDAQ:STX) last posted its quarterly earnings results on Tuesday, October 28th. The data storage provider reported $2.61 earnings per share for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts’ expectations of $2.54 billion. During the same quarter in the previous year, the business earned $1.58 earnings per share. The company’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, research analysts predict that Seagate Technology Holdings PLC will post 6.83 earnings per share for the current year.

Seagate Technology Increases Dividend

The business also recently declared 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. 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. This is a boost from Seagate Technology’s previous quarterly dividend of $0.72. Seagate Technology’s payout ratio is 38.00%.

Insider Activity

In other news, Director Stephanie Tilenius sold 2,046 shares of Seagate Technology stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $266.41, for a total value of $545,074.86. Following the completion of the sale, the director directly owned 12,244 shares in the company, valued at $3,261,924.04. The trade was a 14.32% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Jay L. Geldmacher sold 1,250 shares of the stock in a transaction that occurred on Friday, October 31st. The shares were sold at an average price of $269.10, for a total transaction of $336,375.00. Following the transaction, the director owned 1,148 shares in the company, valued at approximately $308,926.80. This trade represents a 52.13% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 131,261 shares of company stock worth $34,210,708. 0.79% of the stock is owned by corporate insiders.

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.