Nwam LLC Boosts Stock Holdings in Seagate Technology Holdings PLC $STX

Nwam LLC raised its stake in Seagate Technology Holdings PLC (NASDAQ:STX) by 18.0% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 5,167 shares of the data storage provider’s stock after acquiring an additional 788 shares during the period. Nwam LLC’s holdings in Seagate Technology were worth $4,987,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Jones Financial Companies Lllp bought a new stake in shares of Seagate Technology in the second quarter worth about $39,000. Trust Co. of Vermont purchased a new position in Seagate Technology during the 2nd quarter valued at approximately $54,000. Annis Gardner Whiting Capital Advisors LLC grew its holdings in Seagate Technology by 23.1% during the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 80 shares of the data storage provider’s stock valued at $31,000 after buying an additional 15 shares in the last quarter. WealthCollab LLC increased its stake in Seagate Technology by 27.4% in the 1st quarter. WealthCollab LLC now owns 93 shares of the data storage provider’s stock worth $36,000 after acquiring an additional 20 shares during the last quarter. Finally, Catalyst Capital Advisors LLC purchased a new stake in shares of Seagate Technology during the 1st quarter worth approximately $39,000. Hedge funds and other institutional investors own 92.87% of the company’s stock.

Seagate Technology Price Performance

Seagate Technology stock opened at $828.38 on Tuesday. Seagate Technology Holdings PLC has a 12-month low of $163.86 and a 12-month high of $1,145.00. The company has a current ratio of 1.67, a quick ratio of 1.17 and a debt-to-equity ratio of 1.56. The firm has a 50-day moving average price of $865.57 and a 200-day moving average price of $700.60. The firm has a market capitalization of $187.75 billion, a PE ratio of 59.68 and a beta of 2.06.

Seagate Technology (NASDAQ:STX) last issued its quarterly earnings results on Tuesday, July 28th. The data storage provider reported $5.71 EPS for the quarter, beating the consensus estimate of $5.10 by $0.61. Seagate Technology had a net margin of 26.11% and a return on equity of 369.98%. The company had revenue of $3.63 billion for the quarter, compared to the consensus estimate of $3.50 billion. During the same period in the prior year, the firm posted $2.59 EPS. The firm’s revenue was up 48.5% compared to the same quarter last year. Seagate Technology has set its Q1 2027 guidance at 7.100-7.500 EPS. As a group, equities research analysts forecast that Seagate Technology Holdings PLC will post 35.7 EPS for the current year.

Seagate Technology Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 7th. Investors of record on Thursday, September 24th will be issued a dividend of $0.74 per share. The ex-dividend date is Thursday, September 24th. This represents a $2.96 dividend on an annualized basis and a yield of 0.4%. Seagate Technology’s payout ratio is presently 21.33%.

Insiders Place Their Bets

In other Seagate Technology news, EVP Ban Seng Teh sold 9,862 shares of the stock in a transaction on Friday, August 21st. The stock was sold at an average price of $852.97, for a total value of $8,411,990.14. Following the sale, the executive vice president owned 5,210 shares in the company, valued at $4,443,973.70. This trade represents a 65.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO William D. Mosley sold 20,657 shares of the business’s stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $910.48, for a total transaction of $18,807,785.36. Following the sale, the chief executive officer directly owned 320,860 shares of the company’s stock, valued at $292,136,612.80. This represents a 6.05% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 162,015 shares of company stock worth $137,693,196 in the last 90 days. 0.79% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Wedbush raised their target price on shares of Seagate Technology from $825.00 to $1,000.00 and gave the company an “outperform” rating in a report on Wednesday, July 29th. Evercore lifted their price objective on shares of Seagate Technology from $750.00 to $1,000.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 12th. Wells Fargo & Company boosted their target price on shares of Seagate Technology from $1,100.00 to $1,180.00 and gave the stock an “overweight” rating in a report on Wednesday, July 29th. Morgan Stanley increased their price target on shares of Seagate Technology from $1,035.00 to $1,187.00 and gave the company an “overweight” rating in a report on Wednesday, July 29th. Finally, Susquehanna lifted their price target on Seagate Technology from $775.00 to $875.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 29th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $986.00.

Seagate Technology Profile

Seagate Technology (NASDAQ: STX) is a global data storage company that designs, manufactures and sells a broad range of storage products and systems. The firm’s product portfolio includes traditional hard disk drives (HDDs), solid-state drives (SSDs), hybrid storage devices and integrated storage systems aimed at enterprise, cloud, OEM and consumer markets. Seagate also provides services that support its hardware offerings, including data recovery and storage management solutions.

Seagate’s products are used in a wide array of applications, from large-scale data centers and cloud infrastructure to desktop and portable consumer devices.