Nwam LLC Purchases 788 Shares of Seagate Technology Holdings PLC $STX

Nwam LLC increased its position in shares of Seagate Technology Holdings PLC (NASDAQ:STX) by 18.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,167 shares of the data storage provider’s stock after buying an additional 788 shares during the period. Nwam LLC’s holdings in Seagate Technology were worth $4,987,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Rakuten Securities Inc. increased its position in Seagate Technology by 884.2% during the 2nd quarter. Rakuten Securities Inc. now owns 187 shares of the data storage provider’s stock valued at $27,000 after purchasing an additional 168 shares during the period. Annis Gardner Whiting Capital Advisors LLC boosted its stake in shares of Seagate Technology by 23.1% during the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 80 shares of the data storage provider’s stock valued at $31,000 after purchasing an additional 15 shares in the last quarter. Quarry LP purchased a new position in Seagate Technology during the fourth quarter valued at approximately $31,000. WealthCollab LLC raised its stake in Seagate Technology by 27.4% in the first quarter. WealthCollab LLC now owns 93 shares of the data storage provider’s stock worth $36,000 after buying an additional 20 shares in the last quarter. Finally, University of Texas Texas AM Investment Management Co. purchased a new stake in Seagate Technology during the fourth quarter worth $37,000. 92.87% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Seagate Technology

In other news, CFO Gianluca Romano sold 9,076 shares of Seagate Technology stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $849.35, for a total value of $7,708,700.60. Following the sale, the chief financial officer directly owned 22,997 shares of the company’s stock, valued at $19,532,501.95. The trade was a 28.30% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP John Christopher Morris sold 3,516 shares of the business’s stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $849.35, for a total value of $2,986,314.60. Following the sale, the executive vice president owned 12,805 shares of the company’s stock, valued at $10,875,926.75. The trade was a 21.54% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 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 ninety days. Company insiders own 0.79% of the company’s stock.

Seagate Technology Price Performance

Shares of Seagate Technology stock opened at $828.38 on Tuesday. The company has a quick ratio of 1.17, a current ratio of 1.67 and a debt-to-equity ratio of 1.56. Seagate Technology Holdings PLC has a twelve month low of $163.86 and a twelve month high of $1,145.00. The business 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 cap 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 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.10 by $0.61. Seagate Technology had a return on equity of 369.98% and a net margin of 26.11%.The company had revenue of $3.63 billion for the quarter, compared to the consensus estimate of $3.50 billion. During the same quarter in the prior year, the business posted $2.59 earnings per share. Seagate Technology’s revenue for the quarter was up 48.5% on a year-over-year basis. Seagate Technology has set its Q1 2027 guidance at 7.100-7.500 EPS. Sell-side analysts predict that Seagate Technology Holdings PLC will post 35.7 earnings per share for the current fiscal year.

Seagate Technology Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 7th. Stockholders of record on Thursday, September 24th will be given 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 dividend yield of 0.4%. Seagate Technology’s dividend payout ratio (DPR) is 21.33%.

Analysts Set New Price Targets

STX has been the topic of a number of analyst reports. Loop Capital lifted their price target on Seagate Technology from $950.00 to $1,140.00 and gave the company a “buy” rating in a report on Friday, May 15th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Seagate Technology in a research report on Wednesday, June 24th. Wedbush lifted their target price on Seagate Technology from $825.00 to $1,000.00 and gave the company an “outperform” rating in a research note on Wednesday, July 29th. Sanford C. Bernstein reissued an “outperform” rating and set a $1,350.00 price target on shares of Seagate Technology in a research report on Wednesday, July 29th. Finally, TD Cowen raised their price target on shares of Seagate Technology from $850.00 to $1,000.00 and gave the company a “buy” rating in a report on Wednesday, July 29th. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, Seagate Technology currently has an average rating of “Moderate Buy” and an average price target of $986.00.

About Seagate Technology

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.