Forum Financial Management LP Decreases Stock Holdings in Seagate Technology Holdings PLC $STX

Forum Financial Management LP trimmed its position in shares of Seagate Technology Holdings PLC (NASDAQ:STX) by 6.5% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,393 shares of the data storage provider’s stock after selling 306 shares during the period. Forum Financial Management LP’s holdings in Seagate Technology were worth $634,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Harbor Asset Planning Inc. purchased a new stake in shares of Seagate Technology during the 2nd quarter worth approximately $27,000. Wayfinding Financial LLC purchased a new stake in shares of Seagate Technology during the 1st quarter worth approximately $31,000. Trust Co. of Toledo NA OH purchased a new stake in shares of Seagate Technology during the 2nd quarter worth approximately $57,000. Bruce G. Allen Investments LLC raised its holdings in shares of Seagate Technology by 28.1% during the 2nd quarter. Bruce G. Allen Investments LLC now owns 419 shares of the data storage provider’s stock worth $60,000 after acquiring an additional 92 shares in the last quarter. Finally, TD Private Client Wealth LLC raised its holdings in shares of Seagate Technology by 30.2% during the 2nd quarter. TD Private Client Wealth LLC now owns 457 shares of the data storage provider’s stock worth $66,000 after acquiring an additional 106 shares in the last quarter. 92.87% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Seagate Technology

In other news, CEO William D. Mosley sold 20,000 shares of the stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $249.90, for a total transaction of $4,998,000.00. Following the transaction, the chief executive officer owned 485,668 shares of the company’s stock, valued at approximately $121,368,433.20. This represents a 3.96% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jay L. Geldmacher sold 2,500 shares of the stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of $150.50, for a total value of $376,250.00. Following the transaction, the director directly owned 352 shares in the company, valued at $52,976. The trade was a 87.66% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 75,620 shares of company stock worth $14,464,056. Insiders own 0.79% of the company’s stock.

Seagate Technology Stock Up 3.4%

Shares of Seagate Technology stock opened at $234.12 on Friday. The stock’s fifty day moving average is $204.69 and its two-hundred day moving average is $150.17. The company has a market capitalization of $49.86 billion, a PE ratio of 34.58, a price-to-earnings-growth ratio of 1.00 and a beta of 1.63. Seagate Technology Holdings PLC has a 52 week low of $63.19 and a 52 week high of $264.83.

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

Seagate Technology Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 9th. Stockholders of record on Tuesday, September 30th were given a dividend of $0.72 per share. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a $2.88 dividend on an annualized basis and a dividend yield of 1.2%. Seagate Technology’s dividend payout ratio is presently 42.54%.

Analysts Set New Price Targets

STX has been the topic of several recent research reports. The Goldman Sachs Group upped their price objective on Seagate Technology from $170.00 to $270.00 and gave the stock a “buy” rating in a report on Wednesday, October 8th. Morgan Stanley increased their price target on Seagate Technology from $168.00 to $265.00 and gave the company an “overweight” rating in a report on Monday, September 29th. Wells Fargo & Company increased their price target on Seagate Technology from $160.00 to $240.00 and gave the company an “equal weight” rating in a report on Monday, October 13th. Benchmark increased their price target on Seagate Technology from $165.00 to $250.00 and gave the company a “buy” rating in a report on Tuesday, September 16th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Seagate Technology in a report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $234.65.

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.