Integrated Advisors Network LLC Reduces Position in Seagate Technology Holdings PLC $STX

Integrated Advisors Network LLC trimmed its stake in Seagate Technology Holdings PLC (NASDAQ:STX) by 45.6% in the first quarter, HoldingsChannel.com reports. The fund owned 2,696 shares of the data storage provider’s stock after selling 2,257 shares during the quarter. Integrated Advisors Network LLC’s holdings in Seagate Technology were worth $1,056,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Salomon & Ludwin LLC raised its stake in Seagate Technology by 124.4% in the 4th 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. Rakuten Securities Inc. lifted its holdings in Seagate Technology by 884.2% in the 2nd quarter. Rakuten Securities Inc. now owns 187 shares of the data storage provider’s stock valued at $27,000 after purchasing an additional 168 shares in the last quarter. Armstrong Advisory Group Inc. acquired a new stake in shares of Seagate Technology during the 4th quarter worth about $28,000. Avion Wealth boosted its stake in shares of Seagate Technology by 343.5% during the 4th quarter. Avion Wealth now owns 102 shares of the data storage provider’s stock worth $28,000 after purchasing an additional 79 shares during the last quarter. Finally, Concord Wealth Partners purchased a new stake in shares of Seagate Technology during the fourth quarter worth about $28,000. 92.87% of the stock is currently owned by hedge funds and other institutional investors.

Key Seagate Technology News

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

• Positive Sentiment: New coverage and commentary from Melius Research and other market observers are adding to the bullish case for Seagate by framing it as a key beneficiary of AI storage demand. Melius Research Starts Coverage of Seagate Technology Holdings plc (STX)
• Positive Sentiment: Several momentum and screen-based articles named STX as a top July momentum stock, citing strong one-year gains, earnings beats, and growth expectations. Zacks.com featured highlights include Micron Technology, Seagate and TD SYNNEX
• Positive Sentiment: Analysts and commentators continue to argue that Seagate’s massive run may not be over, pointing to ongoing strength in the hyperscaler storage cycle and AI infrastructure spending. Seagate’s 485% Run Isn’t Over and Our Target Proves It
• Neutral Sentiment: Susquehanna raised its price target on Seagate from $615 to $775 while keeping a neutral rating, signaling higher fair value expectations but also some caution after the stock’s sharp rally. Benzinga report on Susquehanna price target increase
• Neutral Sentiment: Additional coverage says Seagate may beat estimates again next quarter, helped by a strong earnings-surprise record and favorable demand trends, which supports investor confidence ahead of results. Will Seagate (STX) Beat Estimates Again in Its Next Earnings Report?
• Neutral Sentiment: One valuation-focused piece noted that STX trades at a premium after its huge multi-year run, suggesting investors are balancing strong fundamentals against a richer price tag. Seagate (STX) Stock Trades At A Premium As Its 14x Run Tests Fair Value

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on STX. Cantor Fitzgerald upped their price objective on shares of Seagate Technology from $1,000.00 to $1,300.00 and gave the company an “overweight” rating in a research note on Monday, June 29th. Melius Research assumed coverage on shares of Seagate Technology in a research note on Monday, June 29th. They issued a “buy” rating and a $1,600.00 target price for the company. Sanford C. Bernstein boosted their price target on Seagate Technology from $620.00 to $1,000.00 and gave the company an “outperform” rating in a report on Wednesday, April 29th. Wall Street Zen raised Seagate Technology from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. Finally, Bank of America raised their price objective on Seagate Technology from $1,000.00 to $1,150.00 and gave the stock a “buy” rating in a report on Wednesday, July 1st. Twenty-one analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $886.92.

Insider Transactions at Seagate Technology

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 value of $1,200,579.16. Following the transaction, the executive vice president directly owned 12,088 shares of the company’s stock, valued at approximately $10,639,736.72. This trade represents a 10.14% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Ban Seng Teh sold 989 shares of Seagate Technology stock in a transaction on Friday, June 12th. The shares were sold at an average price of $880.19, for a total value of $870,507.91. Following the completion of the transaction, the executive vice president owned 4,290 shares in the company, valued at $3,776,015.10. The trade was a 18.73% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 151,069 shares of company stock valued at $126,191,753. Corporate insiders own 0.79% of the company’s stock.

Seagate Technology Price Performance

STX opened at $860.02 on Thursday. The company’s 50 day simple moving average is $869.04 and its 200 day simple moving average is $564.15. The company has a debt-to-equity ratio of 3.16, a quick ratio of 0.85 and a current ratio of 1.33. Seagate Technology Holdings PLC has a 1 year low of $138.30 and a 1 year high of $1,145.00. The stock has a market capitalization of $192.84 billion, a PE ratio of 81.60 and a beta of 2.04.

Seagate Technology (NASDAQ:STX) last issued its quarterly earnings results on Tuesday, April 28th. The data storage provider reported $4.10 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 analyst estimates of $2.96 billion. Seagate Technology had a net margin of 21.60% and a return on equity of 1,005.65%. Seagate Technology’s revenue for the quarter was up 44.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.90 earnings per share. Seagate Technology has set its Q4 2026 guidance at 4.800-5.200 EPS. As a group, sell-side analysts expect that Seagate Technology Holdings PLC will post 14.14 EPS for the current year.

Seagate Technology Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 7th. Stockholders of record on Wednesday, June 24th were issued a dividend of $0.74 per share. This represents a $2.96 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date was 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.