Bensler LLC Buys New Holdings in Seagate Technology Holdings PLC $STX

Bensler LLC purchased a new stake in shares of Seagate Technology Holdings PLC (NASDAQ:STX) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 2,045 shares of the data storage provider’s stock, valued at approximately $295,000.

A number of other large investors also recently modified their holdings of STX. JPMorgan Chase & Co. lifted its stake in shares of Seagate Technology by 12.9% in the 1st quarter. JPMorgan Chase & Co. now owns 18,920,792 shares of the data storage provider’s stock valued at $1,607,321,000 after purchasing an additional 2,161,191 shares in the last quarter. Wellington Management Group LLP raised its holdings in Seagate Technology by 3,339.4% in the first quarter. Wellington Management Group LLP now owns 933,996 shares of the data storage provider’s stock valued at $79,343,000 after buying an additional 906,840 shares during the period. Vanguard Group Inc. raised its holdings in Seagate Technology by 2.7% in the first quarter. Vanguard Group Inc. now owns 28,743,126 shares of the data storage provider’s stock valued at $2,441,729,000 after buying an additional 769,009 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in Seagate Technology during the second quarter valued at approximately $45,955,000. Finally, Valley Wealth Managers Inc. purchased a new stake in Seagate Technology during the first quarter worth approximately $17,546,000. 92.87% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Seagate Technology

In other news, Director Jay L. Geldmacher sold 1,250 shares of the stock in a transaction dated Friday, October 31st. The stock was 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 of the company’s stock, valued at approximately $308,926.80. This represents a 52.13% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Stephanie Tilenius sold 2,046 shares of the business’s stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $266.41, for a total value of $545,074.86. Following the completion of the sale, the director owned 12,244 shares of the company’s stock, valued at approximately $3,261,924.04. This trade represents a 14.32% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 78,964 shares of company stock worth $19,067,455 in the last 90 days. Insiders own 0.79% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Robert W. Baird raised their target price on shares of Seagate Technology from $188.00 to $270.00 and gave the company an “outperform” rating in a research note on Wednesday, October 29th. The Goldman Sachs Group increased their price target on Seagate Technology from $170.00 to $270.00 and gave the company a “buy” rating in a report on Wednesday, October 8th. Weiss Ratings restated a “buy (b-)” rating on shares of Seagate Technology in a research note on Wednesday, October 8th. Susquehanna upped their target price on Seagate Technology from $80.00 to $150.00 and gave the stock a “negative” rating in a research report on Wednesday, October 29th. Finally, Cantor Fitzgerald raised their target price on Seagate Technology from $280.00 to $400.00 and gave the company an “overweight” rating in a report on Thursday. Two research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Seagate Technology has a consensus rating of “Moderate Buy” and an average target price of $272.95.

Seagate Technology Stock Up 0.3%

NASDAQ STX opened at $279.35 on Friday. The stock has a market capitalization of $59.66 billion, a PE ratio of 35.86, a price-to-earnings-growth ratio of 1.17 and a beta of 1.63. Seagate Technology Holdings PLC has a 12-month low of $63.19 and a 12-month high of $284.42. The company has a 50 day moving average price of $224.04 and a two-hundred day moving average price of $163.68.

Seagate Technology (NASDAQ:STX) last released its quarterly earnings results on Tuesday, October 28th. The data storage provider reported $2.61 earnings per share for the quarter, beating analysts’ consensus estimates of $2.40 by $0.21. The business had revenue of $2.63 billion for the quarter, compared to the consensus estimate of $2.54 billion. Seagate Technology had a net margin of 17.92% and a negative return on equity of 297.87%. Seagate Technology’s revenue for the quarter was up 21.3% on a year-over-year basis. During the same quarter last year, the firm earned $1.58 EPS. Seagate Technology has set its Q2 2026 guidance at 2.550-2.950 EPS. As a group, equities analysts anticipate that Seagate Technology Holdings PLC will post 6.83 EPS for the current year.

Seagate Technology Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 9th. Shareholders of record on Wednesday, December 24th will be given a $0.74 dividend. This is an increase from Seagate Technology’s previous quarterly dividend of $0.72. This represents a $2.96 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend is Wednesday, December 24th. Seagate Technology’s payout ratio is presently 38.00%.

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.