Park Avenue Securities LLC Has $1.09 Million Stake in Seagate Technology Holdings PLC $STX

Park Avenue Securities LLC raised its position in Seagate Technology Holdings PLC (NASDAQ:STX) by 19.1% during the second quarter, Holdings Channel reports. The firm owned 7,518 shares of the data storage provider’s stock after purchasing an additional 1,205 shares during the period. Park Avenue Securities LLC’s holdings in Seagate Technology were worth $1,085,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Moody National Bank Trust Division lifted its holdings 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 valued at $668,000 after buying an additional 89 shares during the period. Bruce G. Allen Investments LLC lifted its stake in shares of Seagate Technology by 28.1% in the 2nd quarter. Bruce G. Allen Investments LLC now owns 419 shares of the data storage provider’s stock valued at $60,000 after purchasing an additional 92 shares during the period. QRG Capital Management Inc. lifted its stake in shares of Seagate Technology by 1.2% in the 1st quarter. QRG Capital Management Inc. now owns 10,876 shares of the data storage provider’s stock valued at $924,000 after purchasing an additional 134 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its stake in Seagate Technology by 0.4% in the first quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 40,449 shares of the data storage provider’s stock valued at $3,436,000 after buying an additional 144 shares during the period. Finally, Blair William & Co. IL lifted its stake in Seagate Technology by 5.9% in the first quarter. Blair William & Co. IL now owns 2,835 shares of the data storage provider’s stock valued at $241,000 after buying an additional 157 shares during the period. Institutional investors and hedge funds own 92.87% of the company’s stock.

Seagate Technology Price Performance

STX opened at $217.51 on Friday. Seagate Technology Holdings PLC has a fifty-two week low of $63.19 and a fifty-two week high of $231.96. The firm has a market capitalization of $46.32 billion, a PE ratio of 32.13, a P/E/G ratio of 0.99 and a beta of 1.53. The company’s 50-day moving average is $174.24 and its 200 day moving average is $130.21.

Seagate Technology (NASDAQ:STX) last posted its earnings results on Tuesday, July 29th. The data storage provider reported $2.59 earnings per share for the quarter, topping analysts’ consensus estimates of $2.45 by $0.14. The company had revenue of $2.44 billion for the quarter, compared to analyst estimates of $2.40 billion. Seagate Technology had a net margin of 16.15% and a negative return on equity of 169.60%. The firm’s revenue was up 29.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.05 EPS. Seagate Technology has set its Q1 2026 guidance at 2.100-2.500 EPS. As a group, analysts expect that Seagate Technology Holdings PLC will post 6.83 EPS for the current year.

Seagate Technology Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 9th. Investors of record on Tuesday, September 30th will be given a $0.72 dividend. This represents a $2.88 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend is Tuesday, September 30th. Seagate Technology’s dividend payout ratio is presently 42.54%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Wells Fargo & Company boosted their target price on shares of Seagate Technology from $122.00 to $160.00 and gave the company an “equal weight” rating in a research report on Thursday, July 17th. TD Cowen upped their price objective on shares of Seagate Technology from $135.00 to $175.00 and gave the company a “buy” rating in a report on Wednesday, July 30th. Bank of America upped their price objective on shares of Seagate Technology from $215.00 to $255.00 and gave the company a “buy” rating in a report on Wednesday. Benchmark upped their price target on Seagate Technology from $165.00 to $250.00 and gave the stock a “buy” rating in a research note on Tuesday, September 16th. Finally, Morgan Stanley upped their price target on Seagate Technology from $167.00 to $168.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 30th. Fifteen equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $185.58.

Insiders Place Their Bets

In related news, insider James Ci Lee sold 1,116 shares of the stock in a transaction on Friday, August 1st. The stock was sold at an average price of $153.36, for a total value of $171,149.76. Following the completion of the sale, the insider directly owned 257 shares of the company’s stock, valued at approximately $39,413.52. This represents a 81.28% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Jay L. Geldmacher sold 2,500 shares of the stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $150.50, for a total transaction of $376,250.00. Following the completion of the sale, the director owned 352 shares of the company’s stock, valued at approximately $52,976. This represents a 87.66% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 75,935 shares of company stock worth $12,289,616 in the last three months. 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.