Aspen Grove Capital LLC Takes $261,000 Position in Seagate Technology Holdings PLC $STX

Aspen Grove Capital LLC purchased a new stake in Seagate Technology Holdings PLC (NASDAQ:STX) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 665 shares of the data storage provider’s stock, valued at approximately $261,000.

Several other large investors have also recently bought and sold shares of the business. Integrated Wealth Concepts LLC lifted its holdings in Seagate Technology by 168.0% in the first quarter. Integrated Wealth Concepts LLC now owns 7,177 shares of the data storage provider’s stock valued at $610,000 after acquiring an additional 4,499 shares during the period. Sivia Capital Partners LLC acquired a new position in shares of Seagate Technology during the 2nd quarter worth $262,000. Cerity Partners LLC grew its stake in shares of Seagate Technology by 25.8% during the 2nd quarter. Cerity Partners LLC now owns 36,682 shares of the data storage provider’s stock worth $5,294,000 after purchasing an additional 7,517 shares during the period. Sei Investments Co. increased its holdings in shares of Seagate Technology by 64.8% in the 2nd quarter. Sei Investments Co. now owns 8,543 shares of the data storage provider’s stock valued at $1,233,000 after purchasing an additional 3,358 shares in the last quarter. Finally, The Manufacturers Life Insurance Company increased its holdings in shares of Seagate Technology by 0.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 127,887 shares of the data storage provider’s stock valued at $18,458,000 after purchasing an additional 462 shares in the last quarter. Hedge funds and other institutional investors own 92.87% of the company’s stock.

Seagate Technology Stock Performance

Shares of STX opened at $913.36 on Friday. Seagate Technology Holdings PLC has a 12-month low of $138.30 and a 12-month high of $1,145.00. The stock has a market cap of $204.80 billion, a P/E ratio of 86.66 and a beta of 2.04. The company has a current ratio of 1.33, a quick ratio of 0.85 and a debt-to-equity ratio of 3.16. The company has a 50-day moving average of $892.03 and a two-hundred day moving average of $608.50.

Seagate Technology (NASDAQ:STX) last issued its quarterly earnings data on Tuesday, April 28th. The data storage provider reported $4.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.51 by $0.59. The firm had revenue of $3.11 billion during the quarter, compared to the consensus estimate of $2.96 billion. Seagate Technology had a return on equity of 1,005.65% and a net margin of 21.60%.The company’s quarterly revenue was up 44.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.90 EPS. Seagate Technology has set its Q4 2026 guidance at 4.800-5.200 EPS. As a group, research analysts predict that Seagate Technology Holdings PLC will post 14.14 EPS for the current fiscal year.

Seagate Technology Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 7th. Stockholders of record on Wednesday, June 24th were issued a $0.74 dividend. This represents a $2.96 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend was Wednesday, June 24th. Seagate Technology’s payout ratio is 28.08%.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. Weiss Ratings reissued a “buy (b)” rating on shares of Seagate Technology in a report on Wednesday, June 24th. China Renaissance increased their target price on shares of Seagate Technology from $802.00 to $983.00 in a report on Friday, June 12th. Cantor Fitzgerald lifted their price target on shares of Seagate Technology from $1,000.00 to $1,300.00 and gave the company an “overweight” rating in a research report on Monday, June 29th. Mizuho upped their price target on Seagate Technology from $875.00 to $1,090.00 and gave the stock an “outperform” rating in a report on Monday, June 8th. Finally, Zacks Research downgraded Seagate Technology from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 29th. Twenty-two analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $898.52.

Insider Buying and Selling

In related news, EVP John Christopher Morris sold 1,364 shares of the stock in a transaction on Friday, June 12th. The stock was sold at an average price of $880.19, for a total transaction of $1,200,579.16. Following the sale, the executive vice president owned 12,088 shares of the company’s stock, valued at $10,639,736.72. This trade represents a 10.14% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO William D. Mosley sold 9,343 shares of Seagate Technology stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $924.42, for a total value of $8,636,856.06. Following the sale, the chief executive officer owned 311,517 shares of the company’s stock, valued at approximately $287,972,545.14. This represents a 2.91% decrease in their position. 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 151,069 shares of company stock valued at $126,191,753 over the last three months. Insiders own 0.79% of the company’s stock.

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.