Seagate Technology Holdings PLC $STX Shares Sold by Transatlantique Private Wealth LLC

Transatlantique Private Wealth LLC trimmed its position in Seagate Technology Holdings PLC (NASDAQ:STX) by 4.8% during the 2nd quarter, Holdings Channel.com reports. The fund owned 11,322 shares of the data storage provider’s stock after selling 577 shares during the period. Transatlantique Private Wealth LLC’s holdings in Seagate Technology were worth $1,634,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. Harbor Asset Planning Inc. acquired a new position in shares of Seagate Technology in the 2nd quarter valued at $27,000. Wayfinding Financial LLC acquired a new position in shares of Seagate Technology in the 1st quarter valued at $31,000. Zions Bancorporation National Association UT acquired a new position in shares of Seagate Technology in the 1st quarter valued at $42,000. GoalVest Advisory LLC increased its position 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 acquiring an additional 75 shares during the period. Finally, Costello Asset Management INC acquired a new position in shares of Seagate Technology in the 1st quarter valued at $47,000. 92.87% of the stock is owned by institutional investors and hedge funds.

Seagate Technology Stock Up 3.8%

STX stock opened at $265.55 on Tuesday. The company’s 50-day simple moving average is $215.81 and its 200-day simple moving average is $159.41. Seagate Technology Holdings PLC has a 52-week low of $63.19 and a 52-week high of $280.35. The firm has a market cap of $56.55 billion, a P/E ratio of 34.09, a PEG ratio of 1.17 and a beta of 1.63.

Seagate Technology (NASDAQ:STX) last posted 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 company posted $1.58 EPS. The company’s revenue for the quarter 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 anticipate that Seagate Technology Holdings PLC will post 6.83 earnings per share for the current fiscal year.

Seagate Technology Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 9th. Stockholders of record on Wednesday, December 24th will be paid a dividend of $0.74 per share. This represents a $2.96 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend is Wednesday, December 24th. This is an increase from Seagate Technology’s previous quarterly dividend of $0.72. Seagate Technology’s dividend payout ratio is currently 36.97%.

Insider Buying and Selling at Seagate Technology

In other news, EVP John Christopher Morris sold 377 shares of the stock in a transaction dated Tuesday, September 16th. The shares were sold at an average price of $211.26, for a total transaction of $79,645.02. Following the sale, the executive vice president directly owned 13,238 shares of the company’s stock, valued at $2,796,659.88. This represents a 2.77% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Ban Seng Teh sold 1,410 shares of the stock in a transaction dated Monday, October 13th. The stock was sold at an average price of $225.56, for a total transaction of $318,039.60. Following the sale, the executive vice president directly owned 18,041 shares in the company, valued at approximately $4,069,327.96. The trade was a 7.25% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 53,418 shares of company stock worth $12,022,230. 0.79% of the stock is currently owned by company insiders.

Analyst Ratings Changes

STX has been the topic of several research reports. Bank of America upped their target price on Seagate Technology from $255.00 to $275.00 and gave the company a “buy” rating in a research report on Wednesday, October 29th. TD Cowen increased their price target on Seagate Technology from $175.00 to $270.00 and gave the stock a “buy” rating in a research report on Wednesday, October 29th. Barclays increased their price target on Seagate Technology from $200.00 to $240.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 29th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Seagate Technology in a research report on Wednesday, October 8th. Finally, The Goldman Sachs Group increased their price target on Seagate Technology from $170.00 to $270.00 and gave the stock a “buy” rating in a research report on Wednesday, October 8th. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Seagate Technology currently has a consensus rating of “Moderate Buy” and an average price target of $263.18.

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.