Gryphon Financial Partners LLC Buys Shares of 668 Seagate Technology Holdings PLC $STX

Gryphon Financial Partners LLC bought a new stake in Seagate Technology Holdings PLC (NASDAQ:STX) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 668 shares of the data storage provider’s stock, valued at approximately $262,000.

Other hedge funds have also made changes to their positions in the company. Catalyst Capital Advisors LLC acquired a new position in Seagate Technology in the 1st quarter valued at approximately $39,000. Assetmark Inc. boosted its stake in shares of Seagate Technology by 13.4% during the 1st quarter. Assetmark Inc. now owns 3,817 shares of the data storage provider’s stock valued at $1,495,000 after buying an additional 450 shares during the period. Gallacher Capital Management LLC purchased a new position in shares of Seagate Technology during the 1st quarter valued at $477,000. Main Street Group LTD purchased a new position in shares of Seagate Technology during the 1st quarter valued at $110,000. Finally, Financiere des Professionnels Fonds d investissement inc. increased its stake in shares of Seagate Technology by 99.3% in the first quarter. Financiere des Professionnels Fonds d investissement inc. now owns 10,777 shares of the data storage provider’s stock worth $4,222,000 after acquiring an additional 5,369 shares during the last quarter. 92.87% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, CFO Gianluca Romano sold 903 shares of the firm’s stock in a transaction on Friday, June 12th. The shares were sold at an average price of $880.19, for a total value of $794,811.57. Following the transaction, the chief financial officer directly owned 42,860 shares in the company, valued at approximately $37,724,943.40. This trade represents a 2.06% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP John Christopher Morris sold 1,364 shares of Seagate Technology stock in a transaction on Friday, June 12th. The stock was sold at an average price of $880.19, for a total transaction of $1,200,579.16. Following the completion of the transaction, the executive vice president owned 12,088 shares in the company, valued at $10,639,736.72. This trade represents a 10.14% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 151,069 shares of company stock valued at $126,191,753 in the last quarter. 0.79% of the stock is currently owned by corporate insiders.

Seagate Technology Price Performance

Shares of STX stock opened at $787.66 on Monday. The stock’s 50 day simple moving average is $887.01 and its 200 day simple moving average is $591.62. Seagate Technology Holdings PLC has a twelve month low of $138.30 and a twelve month high of $1,145.00. 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 company has a market capitalization of $176.62 billion, a price-to-earnings ratio of 74.73 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 (EPS) for the quarter, topping 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 during the quarter, compared to analysts’ expectations of $2.96 billion. During the same quarter in the prior year, the business earned $1.90 earnings per share. The company’s 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. As a group, research analysts predict 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. Investors of record on Wednesday, June 24th were issued 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 was Wednesday, June 24th. Seagate Technology’s dividend payout ratio is currently 28.08%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Weiss Ratings reiterated a “buy (b)” rating on shares of Seagate Technology in a report on Wednesday, June 24th. Wedbush upped their target price on Seagate Technology from $700.00 to $825.00 and gave the stock an “outperform” rating in a research report on Monday, April 27th. Rosenblatt Securities raised their price target on Seagate Technology from $500.00 to $1,000.00 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. Morgan Stanley lifted their price target on Seagate Technology from $767.00 to $1,035.00 and gave the company an “overweight” rating in a report on Monday, June 15th. Finally, The Goldman Sachs Group boosted their price target on Seagate Technology from $385.00 to $700.00 and gave the company a “buy” rating in a research note on Wednesday, April 29th. Twenty-two analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $898.52.

Key Stories Impacting Seagate Technology

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

• Positive Sentiment: Analysts and market commentators highlighted Seagate as one of the memory/storage names best positioned to benefit from global AI infrastructure spending, citing rising demand for advanced storage and improving revenue and margin trends. 4 Top-Ranked Memory Stocks to Buy as AI Infrastructure Expands Globally
• Positive Sentiment: Additional bullish coverage said Seagate could be a smaller AI stock with room to run, pointing to strong execution, expanding margins, and earnings growth potential that may continue to attract investors. Everyone’s Buying NVIDIA, but 2 Smaller AI Stocks Could Soar Higher
• Positive Sentiment: Seagate also received a favorable mention in an analyst blog round-up and in commentary describing the stock as benefiting from a strong cost advantage and AI-related storage demand. The Zacks Analyst Blog Highlights NVIDIA, AMD, Taiwan Semiconductor Manufacturing and Seagate
• Neutral Sentiment: Market-watch coverage noted Seagate underperformed some peers in recent trading sessions, suggesting investor enthusiasm has not been uniform across the storage group. Seagate Technology Holdings PLC stock underperforms Thursday when compared to competitors
• Neutral Sentiment: Broader tech and chip-stock weakness, including pressure on the semiconductor index, is still weighing on the sector and can limit gains for Seagate despite its company-specific positives. The SOX Index Fell 16% in Less Than a Month
• Negative Sentiment: Tech stocks were under pressure overall, which may have contributed to weakness in Seagate shares even as the company’s long-term fundamentals remain tied to AI-driven storage demand. Sector Update: Tech Stocks Fall Thursday Afternoon

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.