889 Shares of Seagate Technology Holdings PLC $STX Purchased by Silverleafe Capital Partners LLC

Silverleafe Capital Partners LLC bought a new position in Seagate Technology Holdings PLC (NASDAQ:STX) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 889 shares of the data storage provider’s stock, valued at approximately $820,000.

Several other institutional investors have also made changes to their positions in the company. Retirement Wealth Solutions LLC boosted its stake in Seagate Technology by 70.6% in the 2nd quarter. Retirement Wealth Solutions LLC now owns 29 shares of the data storage provider’s stock worth $28,000 after purchasing an additional 12 shares during the period. Bridgewater Advisors Inc. lifted its holdings in shares of Seagate Technology by 0.9% in the first quarter. Bridgewater Advisors Inc. now owns 1,477 shares of the data storage provider’s stock valued at $579,000 after purchasing an additional 13 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC boosted its position in shares of Seagate Technology by 23.1% in the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 80 shares of the data storage provider’s stock worth $31,000 after buying an additional 15 shares during the period. Blalock Williams LLC grew its holdings in shares of Seagate Technology by 2.6% during the second quarter. Blalock Williams LLC now owns 636 shares of the data storage provider’s stock valued at $614,000 after buying an additional 16 shares in the last quarter. Finally, Beaumont Financial Advisors LLC raised its position in Seagate Technology by 2.1% during the first quarter. Beaumont Financial Advisors LLC now owns 820 shares of the data storage provider’s stock valued at $321,000 after buying an additional 17 shares during the period. 92.87% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Citigroup increased their price target on shares of Seagate Technology from $1,240.00 to $1,300.00 and gave the stock a “buy” rating in a research report on Wednesday, July 29th. Weiss Ratings reiterated a “buy (b)” rating on shares of Seagate Technology in a research report on Monday, September 21st. Morgan Stanley lifted their target price on shares of Seagate Technology from $1,035.00 to $1,187.00 and gave the company an “overweight” rating in a research note on Wednesday, July 29th. China Renaissance upped their price target on shares of Seagate Technology from $802.00 to $983.00 in a research note on Friday, June 12th. Finally, Zacks Research lowered Seagate Technology from a “strong-buy” rating to a “hold” rating in a report on Monday. Twenty-two analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, Seagate Technology presently has an average rating of “Moderate Buy” and a consensus price target of $986.00.

Seagate Technology Stock Down 10.2%

NASDAQ:STX traded down $96.58 during mid-day trading on Friday, reaching $848.99. The stock had a trading volume of 13,553,643 shares, compared to its average volume of 4,352,906. The business’s 50 day moving average is $854.72 and its 200 day moving average is $776.28. Seagate Technology Holdings PLC has a fifty-two week low of $209.00 and a fifty-two week high of $1,145.00. The stock has a market cap of $193.05 billion, a P/E ratio of 61.17 and a beta of 2.06. The company has a debt-to-equity ratio of 1.56, a current ratio of 1.67 and a quick ratio of 1.17.

Seagate Technology (NASDAQ:STX) last posted its earnings results on Tuesday, July 28th. The data storage provider reported $5.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.10 by $0.61. The firm had revenue of $3.63 billion during the quarter, compared to analysts’ expectations of $3.50 billion. Seagate Technology had a net margin of 26.11% and a return on equity of 369.98%. The company’s revenue was up 48.5% compared to the same quarter last year. During the same period in the previous year, the company earned $2.59 earnings per share. Seagate Technology has set its Q1 2027 guidance at 7.100-7.500 EPS. As a group, sell-side analysts predict that Seagate Technology Holdings PLC will post 35.7 earnings per share for the current year.

Seagate Technology Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 7th. Investors of record on Thursday, September 24th will be paid a $0.74 dividend. This represents a $2.96 annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend is Thursday, September 24th. Seagate Technology’s payout ratio is presently 21.33%.

Key Stories Impacting Seagate Technology

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

• Positive Sentiment: AI data-center growth continues to support demand for high-capacity hard drives, and Seagate has benefited from record margins and capacity that was reportedly close to fully allocated. The company remains positioned to supply the rapidly expanding need to store AI-generated data. AI Needs Massive Storage. Seagate Is Ready
• Positive Sentiment: Seagate’s recent operating momentum has been substantial: quarterly revenue and earnings exceeded expectations, with revenue rising strongly year over year. That performance demonstrates the benefit of tight industry supply and robust AI-related demand.
• Neutral Sentiment: Seagate’s stock had already risen more than 270% over the past year, prompting debate over whether its valuation fully reflects the AI-storage opportunity. Investors are weighing continued demand growth against the risk that the current shortage-driven earnings surge is temporary. Seagate Is Selling Into a Shortage. What Happens When It Ends?
• Negative Sentiment: Toshiba reportedly plans to double HDD production capacity for drives used in AI data centers during fiscal 2027, while other reports described an ambition to substantially increase market share. The potential influx of competing supply threatens to reduce scarcity, limit future price increases, and intensify competition for Seagate and Western Digital. Seagate Stock and Western Digital Tumble as AI Shortage Shows Signs of Easing

Insider Buying and Selling at Seagate Technology

In related news, EVP John Morris sold 9,354 shares of the company’s stock in a transaction on Monday, September 21st. The shares were sold at an average price of $877.91, for a total value of $8,211,970.14. Following the completion of the sale, the executive vice president directly owned 22,693 shares in the company, valued at approximately $19,922,411.63. This represents a 29.19% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO William D. Mosley sold 11,002 shares of the stock in a transaction on Thursday, October 1st. The stock was sold at an average price of $935.60, for a total transaction of $10,293,471.20. Following the transaction, the chief executive officer directly owned 362,108 shares in the company, valued at $338,788,244.80. The trade was a 2.95% decrease in their ownership of the stock. 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 466,959 shares of company stock worth $378,840,741 in the last 90 days. 0.51% of the stock is currently owned by company insiders.

Seagate Technology Profile

Seagate Technology Holdings plc is a data storage technology company that designs, manufactures and supplies solutions for storing, managing and accessing digital information. Its product portfolio is centered on hard disk drives (HDDs), including high-capacity drives used in cloud data centers, enterprise environments, surveillance systems, network-attached storage and personal computing.

The company also offers solid-state drives (SSDs), storage systems, external storage products and related services.