Avidian Wealth Enterprises LLC Sells 1,129 Shares of Seagate Technology Holdings PLC $STX

Avidian Wealth Enterprises LLC cut its stake in Seagate Technology Holdings PLC (NASDAQ:STX) by 21.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,140 shares of the data storage provider’s stock after selling 1,129 shares during the period. Avidian Wealth Enterprises LLC’s holdings in Seagate Technology were worth $1,140,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Vanguard Group Inc. grew its holdings in shares of Seagate Technology by 1.6% in the third quarter. Vanguard Group Inc. now owns 28,140,287 shares of the data storage provider’s stock worth $6,642,796,000 after purchasing an additional 442,749 shares during the last quarter. State Street Corp grew its holdings in shares of Seagate Technology by 3.1% in the third quarter. State Street Corp now owns 9,276,278 shares of the data storage provider’s stock worth $2,196,420,000 after purchasing an additional 274,913 shares during the last quarter. WCM Investment Management LLC bought a new position in shares of Seagate Technology in the third quarter worth about $1,187,621,000. Arrowstreet Capital Limited Partnership grew its holdings in shares of Seagate Technology by 1,072.5% in the third quarter. Arrowstreet Capital Limited Partnership now owns 2,949,512 shares of the data storage provider’s stock worth $696,262,000 after purchasing an additional 2,697,957 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA grew its holdings in shares of Seagate Technology by 1,510.1% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 2,008,516 shares of the data storage provider’s stock worth $553,125,000 after purchasing an additional 1,883,769 shares during the last quarter. 92.87% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

STX has been the topic of a number of research analyst reports. Sanford C. Bernstein upped their price target on shares of Seagate Technology from $620.00 to $1,000.00 and gave the stock an “outperform” rating in a report on Wednesday, April 29th. UBS Group upped their price target on shares of Seagate Technology from $515.00 to $545.00 and gave the stock a “neutral” rating in a report on Wednesday, April 29th. China Renaissance upped their price target on shares of Seagate Technology from $325.00 to $452.00 and gave the stock a “buy” rating in a report on Thursday, January 15th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Seagate Technology in a research note on Friday, March 27th. Finally, Rosenblatt Securities increased their target price on shares of Seagate Technology from $500.00 to $1,000.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th. Twenty investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, Seagate Technology has an average rating of “Moderate Buy” and a consensus price target of $709.13.

Key Headlines Impacting Seagate Technology

Here are the key news stories impacting Seagate Technology this week:

• Positive Sentiment: Company posted and was widely praised for a strong quarter (sales and EPS beat), which market commentary says drove the recent rally; analysts have lifted forecasts and earnings estimates. Read More.
• Positive Sentiment: Zacks and other outlets report that earnings estimates are moving higher for STX, signaling analyst upgrades that can support further upside. Read More.
• Positive Sentiment: STX was added to Zacks’ Rank #1 (Strong Buy) momentum list, which can attract short‑term momentum investors and higher trading volume. Read More.
• Positive Sentiment: Analyst coverage pieces highlight Seagate as a growth story with three reasons to consider it, reinforcing buy-side interest. Read More.
• Positive Sentiment: Management will present at the J.P. Morgan Global Tech & TD Cowen TMT conferences later this month — events that typically boost institutional engagement and can catalyze re-rating if management confirms demand trends. Read More.
• Neutral Sentiment: Long-term performance write-ups note that hypothetical $1,000 investments in Seagate years ago would have produced large gains; useful for investor context but not an immediate price driver. Read More.
• Neutral Sentiment: Round-ups and lists (e.g., S&P 500 movers that have doubled in 2026) mention Seagate among top performers — good PR but secondary to fundamental/earnings news. Read More.
• Negative Sentiment: Jim Cramer warned that stocks like Seagate look “overextended” for him despite recent strength, a cautionary view that can temper retail sentiment and prompt profit-taking. Read More.

Insider Activity

In other Seagate Technology news, CEO William D. Mosley sold 20,000 shares of the stock in a transaction dated Wednesday, April 1st. The shares were sold at an average price of $420.73, for a total transaction of $8,414,600.00. Following the completion of the sale, the chief executive officer directly owned 355,591 shares of the company’s stock, valued at approximately $149,607,801.43. This represents a 5.32% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Kian Fatt Chong sold 5,846 shares of the stock in a transaction dated Monday, February 23rd. The shares were sold at an average price of $416.48, for a total transaction of $2,434,742.08. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 70,430 shares of company stock valued at $28,544,576. Insiders own 0.79% of the company’s stock.

Seagate Technology Stock Up 1.5%

Shares of Seagate Technology stock opened at $738.17 on Tuesday. The company has a debt-to-equity ratio of 3.16, a current ratio of 1.33 and a quick ratio of 0.85. Seagate Technology Holdings PLC has a 1 year low of $91.92 and a 1 year high of $749.00. The firm’s 50-day moving average is $454.23 and its two-hundred day moving average is $358.04. The stock has a market cap of $165.52 billion, a price-to-earnings ratio of 70.04 and a beta of 1.98.

Seagate Technology (NASDAQ:STX) last issued its earnings results 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 company had revenue of $3.11 billion for the quarter, compared to analysts’ expectations of $2.96 billion. Seagate Technology had a net margin of 21.60% and a return on equity of 1,005.65%. The firm’s quarterly revenue was up 44.1% on a year-over-year basis. During the same period in the prior year, the business earned $1.90 EPS. Seagate Technology has set its Q4 2026 guidance at 4.800-5.200 EPS. As a group, research analysts expect that Seagate Technology Holdings PLC will post 14.1 earnings per share for the current fiscal year.

Seagate Technology Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 7th. Shareholders of record on Wednesday, June 24th will be given a dividend of $0.74 per share. This represents a $2.96 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend is Wednesday, June 24th. Seagate Technology’s dividend payout ratio is presently 28.08%.

Seagate Technology Company 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.