Venturi Wealth Management LLC Has $364,000 Stock Position in Seagate Technology Holdings PLC $STX

Venturi Wealth Management LLC reduced its position in shares of Seagate Technology Holdings PLC (NASDAQ:STX) by 17.4% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,521 shares of the data storage provider’s stock after selling 531 shares during the quarter. Venturi Wealth Management LLC’s holdings in Seagate Technology were worth $364,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. JPMorgan Chase & Co. raised its stake in shares of Seagate Technology by 12.9% in the first quarter. JPMorgan Chase & Co. now owns 18,920,792 shares of the data storage provider’s stock worth $1,607,321,000 after purchasing an additional 2,161,191 shares during the last quarter. Wellington Management Group LLP raised its stake in shares of 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 worth $79,343,000 after purchasing an additional 906,840 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of 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 worth $2,441,729,000 after purchasing an additional 769,009 shares during the last quarter. Valley Wealth Managers Inc. purchased a new stake in shares of Seagate Technology in the first quarter worth approximately $17,546,000. Finally, Nuveen LLC purchased a new stake in shares of Seagate Technology in the first quarter worth approximately $17,058,000. 92.87% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Seagate Technology

In other Seagate Technology news, insider James Ci Lee sold 3,509 shares of the stock in a transaction on Thursday, July 31st. The stock was sold at an average price of $154.74, for a total transaction of $542,982.66. Following the completion of the transaction, the insider directly owned 1,288 shares of the company’s stock, valued at approximately $199,305.12. This represents a 73.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Ban Seng Teh sold 5,905 shares of the stock in a transaction on Friday, August 1st. The shares were sold at an average price of $155.00, for a total value of $915,275.00. Following the transaction, the executive vice president directly owned 6,147 shares of the company’s stock, valued at approximately $952,785. This trade represents a 49.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 74,210 shares of company stock valued at $14,146,016 in the last quarter. Insiders own 0.79% of the company’s stock.

Seagate Technology Stock Down 3.3%

STX stock opened at $214.38 on Friday. The firm has a market cap of $45.66 billion, a PE ratio of 31.67, a P/E/G ratio of 0.99 and a beta of 1.63. The business has a 50 day moving average of $191.09 and a 200-day moving average of $140.39. Seagate Technology Holdings PLC has a 12-month low of $63.19 and a 12-month high of $264.83.

Seagate Technology (NASDAQ:STX) last announced its quarterly earnings data on Tuesday, July 29th. The data storage provider reported $2.59 earnings per share for the quarter, beating the consensus estimate of $2.45 by $0.14. Seagate Technology had a negative return on equity of 169.60% and a net margin of 16.15%.The business had revenue of $2.44 billion during the quarter, compared to analyst estimates of $2.40 billion. During the same period in the prior year, the company earned $1.05 earnings per share. Seagate Technology’s revenue was up 29.5% compared to the same quarter last year. Seagate Technology has set its Q1 2026 guidance at 2.100-2.500 EPS. On average, research analysts expect that Seagate Technology Holdings PLC will post 6.83 earnings per share for the current year.

Seagate Technology Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 9th. Shareholders of record on Tuesday, September 30th were issued a dividend of $0.72 per share. This represents a $2.88 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend was Tuesday, September 30th. Seagate Technology’s dividend payout ratio is 42.54%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on STX shares. TD Cowen increased their price objective on Seagate Technology from $135.00 to $175.00 and gave the stock a “buy” rating in a research note on Wednesday, July 30th. Morgan Stanley increased their price objective on Seagate Technology from $168.00 to $265.00 and gave the stock an “overweight” rating in a research note on Monday, September 29th. Citigroup increased their price objective on Seagate Technology from $167.00 to $215.00 and gave the stock a “buy” rating in a research note on Monday, September 8th. Mizuho upped their target price on Seagate Technology from $160.00 to $245.00 and gave the company an “outperform” rating in a report on Friday, September 19th. Finally, Robert W. Baird upped their target price on Seagate Technology from $120.00 to $188.00 and gave the company an “outperform” rating in a report on Wednesday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $198.58.

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.