Csenge Advisory Group Increases Position in Seagate Technology Holdings PLC $STX

Csenge Advisory Group lifted its holdings in Seagate Technology Holdings PLC (NASDAQ:STX) by 93.3% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 2,984 shares of the data storage provider’s stock after acquiring an additional 1,440 shares during the quarter. Csenge Advisory Group’s holdings in Seagate Technology were worth $822,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of STX. Salomon & Ludwin LLC lifted its stake in Seagate Technology by 124.4% in the fourth quarter. Salomon & Ludwin LLC now owns 92 shares of the data storage provider’s stock valued at $27,000 after purchasing an additional 51 shares during the last quarter. Armstrong Advisory Group Inc. purchased a new position in Seagate Technology in the fourth quarter valued at approximately $28,000. Concord Wealth Partners purchased a new position in Seagate Technology in the fourth quarter valued at approximately $28,000. Avion Wealth lifted its stake in Seagate Technology by 343.5% in the fourth quarter. Avion Wealth now owns 102 shares of the data storage provider’s stock valued at $28,000 after purchasing an additional 79 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new position in Seagate Technology in the fourth quarter valued at approximately $37,000. Hedge funds and other institutional investors own 92.87% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. Mizuho upped their price objective on Seagate Technology from $565.00 to $700.00 and gave the company an “outperform” rating in a research note on Wednesday, April 29th. Sanford C. Bernstein upped their price objective on Seagate Technology from $620.00 to $1,000.00 and gave the company an “outperform” rating in a research note on Wednesday, April 29th. Wells Fargo & Company upped their price objective on Seagate Technology from $450.00 to $700.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 29th. Evercore upped their price objective on Seagate Technology from $750.00 to $1,000.00 and gave the company an “outperform” rating in a research note on Tuesday, May 12th. Finally, Wall Street Zen upgraded Seagate Technology from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. One investment analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and four have given a Hold rating to the company. According to MarketBeat, Seagate Technology has a consensus rating of “Moderate Buy” and a consensus price target of $733.71.

Insider Buying and Selling at Seagate Technology

In other Seagate Technology news, EVP John Christopher Morris sold 5,626 shares of the business’s stock in a transaction on Monday, May 4th. The shares were sold at an average price of $738.37, for a total transaction of $4,154,069.62. Following the sale, the executive vice president owned 11,954 shares of the company’s stock, valued at $8,826,474.98. The trade was a 32.00% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Stephanie Tilenius sold 1,580 shares of the company’s stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $766.61, for a total transaction of $1,211,243.80. Following the completion of the transaction, the director directly owned 10,664 shares in the company, valued at approximately $8,175,129.04. The trade was a 12.90% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 118,283 shares of company stock worth $65,989,618. Company insiders own 0.79% of the company’s stock.

More Seagate Technology News

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

• Negative Sentiment: Seagate shares came under pressure after the CEO warned about capacity constraints, sparking worries that demand could outstrip supply and temper near-term momentum. Seagate Leads Memory Stocks Lower Following Capacity Warning
• Negative Sentiment: Broader memory stocks, including Seagate, sold off as investors reacted to the executive warnings and took profits after a strong AI-driven rally. Memory Stocks Tumble After Seagate CEO Raises Eyebrows
• Neutral Sentiment: Some analysts remain constructive, arguing Seagate still has solid growth attributes and could benefit from AI-related storage demand over time. Here is Why Growth Investors Should Buy Seagate (STX) Now
• Neutral Sentiment: Stanley Druckenmiller’s Duquesne Family Office reportedly added Seagate among its AI memory “picks-and-shovels” holdings, which may support the longer-term bullish case for the stock. Billionaire Stanley Druckenmiller Dumped Every Share of Alphabet. He Bought AI Memory Stocks Up 581% to 3,467% Instead
• Neutral Sentiment: Recent commentary framing the pullback as a potential buying opportunity suggests some investors view the selloff as overdone rather than a change in the long-term story. Seagate: The Golden Buying Opportunity Born From Panic

Seagate Technology Trading Up 2.4%

Shares of STX stock opened at $751.07 on Thursday. The company’s fifty day simple moving average is $548.86 and its two-hundred day simple moving average is $404.73. 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 $103.73 and a 1 year high of $841.31. The stock has a market capitalization of $168.41 billion, a price-to-earnings ratio of 71.26 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, beating analysts’ consensus estimates of $3.51 by $0.59. Seagate Technology had a net margin of 21.60% and a return on equity of 1,005.65%. The business had revenue of $3.11 billion for the quarter, compared to analysts’ expectations of $2.96 billion. During the same quarter in the previous year, the firm posted $1.90 EPS. The business’s revenue for the quarter was up 44.1% compared to the same quarter last year. Seagate Technology has set its Q4 2026 guidance at 4.800-5.200 EPS. As a group, analysts anticipate that Seagate Technology Holdings PLC will post 14.1 earnings per share for the current year.

Seagate Technology Dividend Announcement

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

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.