Diversify Wealth Management LLC Acquires Shares of 2,544 Seagate Technology Holdings PLC $STX

Diversify Wealth Management LLC acquired a new stake in shares of Seagate Technology Holdings PLC (NASDAQ:STX) in the first quarter, Holdings Channel.com reports. The institutional investor acquired 2,544 shares of the data storage provider’s stock, valued at approximately $997,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in STX. Cornerstone Wealth Group LLC raised its holdings in shares of Seagate Technology by 0.5% in the 1st quarter. Cornerstone Wealth Group LLC now owns 3,542 shares of the data storage provider’s stock worth $1,388,000 after acquiring an additional 19 shares during the last quarter. Gateway Investment Advisers LLC boosted its stake in Seagate Technology by 1.8% during the 4th quarter. Gateway Investment Advisers LLC now owns 1,399 shares of the data storage provider’s stock valued at $385,000 after purchasing an additional 25 shares during the last quarter. Trajan Wealth LLC boosted its stake in Seagate Technology by 1.9% during the 4th quarter. Trajan Wealth LLC now owns 1,325 shares of the data storage provider’s stock valued at $365,000 after purchasing an additional 25 shares during the last quarter. TSG Advice Partners LLC increased its holdings in Seagate Technology by 1.9% during the 1st quarter. TSG Advice Partners LLC now owns 1,448 shares of the data storage provider’s stock worth $567,000 after purchasing an additional 27 shares in the last quarter. Finally, Fortis Capital Management LLC increased its holdings in Seagate Technology by 1.1% during the 4th quarter. Fortis Capital Management LLC now owns 2,557 shares of the data storage provider’s stock worth $704,000 after purchasing an additional 27 shares in the last quarter. 92.87% of the stock is owned by institutional investors.

Seagate Technology Price Performance

Seagate Technology stock opened at $828.30 on Thursday. Seagate Technology Holdings PLC has a 52 week low of $138.30 and a 52 week high of $1,145.00. The company’s 50 day moving average price is $887.33 and its two-hundred day moving average price is $584.82. The company has a quick ratio of 0.85, a current ratio of 1.33 and a debt-to-equity ratio of 3.16. The stock has a market cap of $185.73 billion, a P/E ratio of 78.59 and a beta of 2.04.

Seagate Technology (NASDAQ:STX) last announced its earnings results on Tuesday, April 28th. The data storage provider reported $4.10 earnings per share for the quarter, topping analysts’ consensus estimates of $3.51 by $0.59. The firm had revenue of $3.11 billion for 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 revenue was up 44.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.90 EPS. Seagate Technology has set its Q4 2026 guidance at 4.800-5.200 EPS. On average, equities analysts predict that Seagate Technology Holdings PLC will post 14.14 earnings per share for the current year.

Seagate Technology Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 7th. Shareholders of record on Wednesday, June 24th were given a $0.74 dividend. The ex-dividend date of this dividend was Wednesday, June 24th. This represents a $2.96 annualized dividend and a yield of 0.4%. Seagate Technology’s payout ratio is currently 28.08%.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. Mizuho increased their price objective on Seagate Technology from $875.00 to $1,090.00 and gave the stock an “outperform” rating in a research note on Monday, June 8th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Seagate Technology in a research report on Wednesday, June 24th. BNP Paribas Exane upped their price target on Seagate Technology from $530.00 to $860.00 and gave the stock an “outperform” rating in a report on Wednesday, April 29th. Zacks Research lowered Seagate Technology from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 29th. Finally, China Renaissance raised their price objective on Seagate Technology from $802.00 to $983.00 in a research note on Friday, June 12th. Twenty-two research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $898.52.

Insiders Place Their Bets

In other Seagate Technology news, CFO Gianluca Romano sold 22,488 shares of the company’s stock in a transaction on Wednesday, May 6th. The stock was sold at an average price of $774.22, for a total value of $17,410,659.36. Following the completion of the transaction, the chief financial officer owned 42,847 shares in the company, valued at $33,173,004.34. This represents a 34.42% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Ban Seng Teh sold 8,003 shares of the firm’s stock in a transaction on Thursday, May 14th. The shares were sold at an average price of $817.28, for a total value of $6,540,691.84. Following the sale, the executive vice president directly owned 3,691 shares of the company’s stock, valued at approximately $3,016,580.48. This represents a 68.44% decrease in their ownership of the stock. 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. Insiders have sold 151,069 shares of company stock worth $126,191,753 over the last 90 days. 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:

• Positive Sentiment: Several recent articles argue Seagate’s hard drive business has a meaningful cost advantage in hyperscale data storage, which could support demand and earnings power as AI and cloud customers look for lower-cost mass-capacity storage. I Keep Buying Seagate Because It Has One Massive Cost Advantage Others Don’t
• Positive Sentiment: Zacks highlighted Seagate as one of several memory stocks that may look attractive after the recent sell-off, citing AI demand, improving pricing, and lower valuations. Why You Must Buy These 4 Memory Stocks After the Recent Sell-Off
• Neutral Sentiment: Seagate confirmed it will report fiscal fourth-quarter and full-year 2026 results on July 28, which keeps investors focused on upcoming guidance and commentary rather than current operations. Seagate Technology to Report Fiscal Fourth Quarter and Fiscal Year 2026 Financial Results on July 28, 2026
• Neutral Sentiment: Market commentary also notes the broader SOX semiconductor index has fallen sharply, with chip weakness and AI trade volatility weighing on sentiment across the sector, including STX. The SOX Index Fell 16% in Less Than a Month

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.