Vestor Capital LLC Has $305,000 Stock Holdings in Seagate Technology Holdings PLC $STX

Vestor Capital LLC lifted its stake in Seagate Technology Holdings PLC (NASDAQ:STX) by 207.1% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,116 shares of the data storage provider’s stock after acquiring an additional 1,427 shares during the quarter. Vestor Capital LLC’s holdings in Seagate Technology were worth $305,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the stock. Harbor Asset Planning Inc. acquired a new position in shares of Seagate Technology during the 2nd quarter worth approximately $27,000. MTM Investment Management LLC bought a new position in shares of Seagate Technology in the second quarter valued at $29,000. Zions Bancorporation National Association UT acquired a new position in Seagate Technology during the first quarter worth $42,000. GoalVest Advisory LLC raised its position in Seagate Technology by 30.6% during the second quarter. GoalVest Advisory LLC now owns 320 shares of the data storage provider’s stock worth $46,000 after acquiring an additional 75 shares in the last quarter. Finally, Costello Asset Management INC acquired a new stake in Seagate Technology in the first quarter valued at $47,000. 92.87% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on STX shares. Rosenblatt Securities boosted their price objective on shares of Seagate Technology from $250.00 to $270.00 and gave the stock a “buy” rating in a research note on Wednesday, October 29th. Bank of America boosted their price target on Seagate Technology from $275.00 to $320.00 and gave the stock a “buy” rating in a research report on Thursday. Mizuho upped their price objective on Seagate Technology from $245.00 to $280.00 and gave the company an “outperform” rating in a research note on Friday, October 17th. Benchmark lifted their target price on Seagate Technology from $250.00 to $255.00 and gave the stock a “buy” rating in a research note on Wednesday, October 29th. Finally, Evercore ISI increased their price target on Seagate Technology from $160.00 to $330.00 and gave the company an “outperform” rating in a research note on Monday, October 13th. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $283.41.

Seagate Technology Trading Down 1.3%

NASDAQ:STX opened at $237.49 on Monday. The stock has a 50 day simple moving average of $239.75 and a 200 day simple moving average of $177.24. The stock has a market cap of $50.72 billion, a P/E ratio of 30.49, a PEG ratio of 1.17 and a beta of 1.63. Seagate Technology Holdings PLC has a 1-year low of $63.19 and a 1-year high of $297.88.

Seagate Technology (NASDAQ:STX) last issued its quarterly earnings data on Tuesday, October 28th. The data storage provider reported $2.61 EPS for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $2.54 billion. During the same period in the prior year, the firm 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. As a group, sell-side analysts forecast that Seagate Technology Holdings PLC will post 6.83 EPS for the current year.

Seagate Technology Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 9th. Shareholders of record on Wednesday, December 24th will be issued a $0.74 dividend. The ex-dividend date of this dividend is Wednesday, December 24th. This represents a $2.96 dividend on an annualized basis and a yield of 1.2%. This is an increase from Seagate Technology’s previous quarterly dividend of $0.72. Seagate Technology’s payout ratio is presently 38.00%.

Insider Activity

In other news, EVP John Christopher Morris sold 15,347 shares of the firm’s stock in a transaction that occurred on Friday, September 12th. The shares were sold at an average price of $195.80, for a total transaction of $3,004,942.60. Following the transaction, the executive vice president directly owned 9,843 shares of the company’s stock, valued at approximately $1,927,259.40. This trade represents a 60.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Ban Seng Teh sold 6,000 shares of Seagate Technology stock in a transaction that occurred on Wednesday, November 5th. The shares were sold at an average price of $270.00, for a total transaction of $1,620,000.00. Following the completion of the sale, the executive vice president owned 12,041 shares of the company’s stock, valued at approximately $3,251,070. The trade was a 33.26% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 131,261 shares of company stock worth $34,210,708. Insiders own 0.79% of the company’s stock.

Seagate Technology Company 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.