Pathfinder Wealth Consulting Inc. Acquires New Shares in Seagate Technology Holdings PLC $STX

Pathfinder Wealth Consulting Inc. acquired a new stake in shares of Seagate Technology Holdings PLC (NASDAQ:STX) during the 4th quarter, Holdings Channel.com reports. The fund acquired 1,217 shares of the data storage provider’s stock, valued at approximately $335,000.

Several other institutional investors also recently modified their holdings of the business. EverSource Wealth Advisors LLC boosted its position in shares of Seagate Technology by 9.2% during the fourth quarter. EverSource Wealth Advisors LLC now owns 2,202 shares of the data storage provider’s stock valued at $607,000 after buying an additional 186 shares during the last quarter. Americana Partners LLC purchased a new stake in shares of Seagate Technology during the fourth quarter valued at $600,000. Lloyd Advisory Services LLC. purchased a new stake in shares of Seagate Technology during the fourth quarter valued at $80,000. Evoke Wealth LLC purchased a new stake in shares of Seagate Technology during the fourth quarter valued at $303,000. Finally, Axxcess Wealth Management LLC boosted its position in shares of Seagate Technology by 224.9% during the fourth quarter. Axxcess Wealth Management LLC now owns 4,698 shares of the data storage provider’s stock valued at $1,294,000 after buying an additional 3,252 shares during the last quarter. 92.87% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, CEO William D. Mosley sold 30,000 shares of Seagate Technology stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $751.29, for a total transaction of $22,538,700.00. Following the transaction, the chief executive officer directly owned 339,591 shares of the company’s stock, valued at $255,131,322.39. The trade was a 8.12% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP John Christopher Morris sold 5,626 shares of Seagate Technology stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $738.37, for a total value of $4,154,069.62. Following the transaction, the executive vice president directly owned 11,954 shares in the company, valued at approximately $8,826,474.98. The trade was a 32.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 148,283 shares of company stock worth $88,528,318. 0.79% of the stock is currently owned by corporate insiders.

Seagate Technology Trading Up 0.3%

Shares of NASDAQ:STX opened at $812.73 on Friday. The stock has a market capitalization of $182.24 billion, a price-to-earnings ratio of 77.11 and a beta of 1.98. The company has a debt-to-equity ratio of 3.16, a quick ratio of 0.85 and a current ratio of 1.33. The stock’s 50-day simple moving average is $565.92 and its two-hundred day simple moving average is $411.46. Seagate Technology Holdings PLC has a 52-week low of $108.28 and a 52-week high of $841.31.

Seagate Technology (NASDAQ:STX) last posted its quarterly earnings data on Tuesday, April 28th. The data storage provider reported $4.10 earnings per share for the quarter, beating analysts’ consensus estimates of $3.51 by $0.59. Seagate Technology had a return on equity of 1,005.65% and a net margin of 21.60%.The firm had revenue of $3.11 billion for the quarter, compared to analysts’ expectations of $2.96 billion. During the same period in the previous year, the firm earned $1.90 EPS. The business’s quarterly revenue was up 44.1% on a year-over-year basis. Seagate Technology has set its Q4 2026 guidance at 4.800-5.200 EPS. Analysts expect that Seagate Technology Holdings PLC will post 14.1 EPS for the current year.

Seagate Technology Dividend Announcement

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

Wall Street Analysts Forecast Growth

STX has been the topic of several research reports. The Goldman Sachs Group raised their target price on Seagate Technology from $385.00 to $700.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. Evercore raised their target price on Seagate Technology from $750.00 to $1,000.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 12th. Cantor Fitzgerald raised their target price on Seagate Technology from $700.00 to $1,000.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 29th. KeyCorp set a $500.00 target price on Seagate Technology in a research report on Wednesday, January 28th. Finally, Jefferies Financial Group reissued a “hold” rating on shares of Seagate Technology in a research report on Wednesday, February 4th. One research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $733.71.

Seagate Technology News Summary

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

• Positive Sentiment: Seagate’s latest margin and revenue trends show strong execution, with record gross margins, tight supply, and pricing support pointing to continued earnings upside. Can Seagate Sustain Its Gross Margin Expansion Momentum?
• Positive Sentiment: AI infrastructure spending remains a tailwind for memory and storage stocks, including STX, after Nvidia’s strong results. Seagate Stock, Western Digital Bounce Back After Nvidia Results
• Positive Sentiment: Seagate’s exchange of $185.9 million in notes could support balance-sheet flexibility and reduce financial risk. Seagate Announces Exchanges with Holders of $185.908 Million Principal Amount of Exchangeable Notes
• Neutral Sentiment: CEO William Mosley sold 30,000 shares under a pre-arranged 10b5-1 plan; routine insider selling does not necessarily signal a fundamental change, but it can still weigh on sentiment. SEC filing
• Neutral Sentiment: Some analysts and commentators are questioning valuation, with Jim Cramer calling Seagate “too pricey,” which could limit further upside unless earnings keep accelerating. Jim Cramer on Seagate: “Too Pricey”
• Negative Sentiment: There is also growing caution that the AI memory/storage boom could slow later in the cycle, raising concerns about future supply, pricing, and demand. Advanced Energy, Vishay Precision, and Bel Fuse Shares Plummet, What You Need To Know

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.