999 Shares of Seagate Technology Holdings PLC $STX Bought by Essential Investment Partners LLC

Essential Investment Partners LLC purchased a new position in Seagate Technology Holdings PLC (NASDAQ:STX) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 999 shares of the data storage provider’s stock, valued at approximately $921,000.

A number of other hedge funds also recently bought and sold shares of STX. Retirement Wealth Solutions LLC increased its position in shares of Seagate Technology by 70.6% in the second quarter. Retirement Wealth Solutions LLC now owns 29 shares of the data storage provider’s stock valued at $28,000 after buying an additional 12 shares in the last quarter. Jones Financial Companies Lllp acquired a new position in shares of Seagate Technology during the 2nd quarter worth approximately $39,000. One River Asset Management LLC lifted its position in shares of Seagate Technology by 50.0% during the 3rd quarter. One River Asset Management LLC now owns 45 shares of the data storage provider’s stock valued at $42,000 after buying an additional 15 shares in the last quarter. Laurel Wealth Advisors LLC purchased a new position in shares of Seagate Technology during the 3rd quarter valued at approximately $42,000. Finally, Trust Co. of Vermont purchased a new position in shares of Seagate Technology during the 2nd quarter valued at approximately $54,000. Hedge funds and other institutional investors own 92.87% of the company’s stock.

Insider Activity at Seagate Technology

In related news, CEO William D. Mosley sold 97,889 shares of Seagate Technology stock in a transaction on Tuesday, September 15th. The stock was sold at an average price of $772.14, for a total transaction of $75,584,012.46. Following the completion of the transaction, the chief executive officer directly owned 378,108 shares of the company’s stock, valued at approximately $291,952,311.12. The trade was a 20.57% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, EVP Ban Teh sold 52,730 shares of Seagate Technology stock in a transaction dated Tuesday, September 15th. The stock was sold at an average price of $782.08, for a total transaction of $41,239,078.40. Following the transaction, the executive vice president owned 5,810 shares of the company’s stock, valued at approximately $4,543,884.80. The trade was a 90.08% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 466,812 shares of company stock valued at $378,583,042. 0.51% of the stock is currently owned by corporate insiders.

Seagate Technology News Roundup

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

• Positive Sentiment: Seagate reported fiscal Q1 revenue of $4.23 billion, up 61% year over year, and adjusted earnings of $7.68 per share, exceeding Wall Street estimates. Data-center revenue rose 63%, while strong pricing, AI-related demand and HAMR adoption drove record profitability and cash flow. Seagate Technology Reports Fiscal First Quarter 2027 Financial Results
• Positive Sentiment: Management projected approximately $4.8 billion of revenue and $9.20 in non-GAAP EPS for the December quarter, above consensus expectations. Nearline capacity is largely committed under supply agreements through 2028, with some commentary pointing to commitments extending through 2030. Seagate expects December-quarter revenue and EPS
• Positive Sentiment: Seagate raised its quarterly dividend 2.7% to $0.76 per share and continues to benefit from AI infrastructure demand. Several analysts still see substantial upside, including buy or overweight ratings from Citigroup, Wells Fargo, TD Cowen and Morgan Stanley. Seagate Q1 earnings call highlights
• Neutral Sentiment: Analysts broadly remain constructive on Seagate Technology, but multiple firms lowered their price targets after the results. Citigroup reduced its target to $1,050, Wells Fargo to $820 and TD Cowen to $900; Wedbush maintained an outperform rating with a $1,000 target.
• Negative Sentiment: The market appears concerned that exabyte shipment growth and future margin expansion may slow, particularly after STX’s sharp prior rally. The stock’s high valuation left little room for disappointment, prompting profit-taking and a downgrade from Summit Insights to “hold”; Susquehanna also cut its rating to “neutral.” Seagate pullback on slower exabyte growth

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. JPMorgan Chase & Co. upped their price objective on shares of Seagate Technology from $1,095.00 to $1,240.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 29th. Argus upped their price objective on shares of Seagate Technology from $750.00 to $900.00 and gave the company a “buy” rating in a research note on Thursday, July 30th. Evercore reaffirmed an “outperform” rating on shares of Seagate Technology in a research report on Wednesday. Citigroup decreased their target price on shares of Seagate Technology from $1,300.00 to $1,050.00 and set a “buy” rating on the stock in a research report on Wednesday. Finally, Wall Street Zen raised Seagate Technology from a “buy” rating to a “strong-buy” rating in a research note on Saturday, September 26th. Twenty-two investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $1,000.88.

Seagate Technology Trading Up 4.5%

STX opened at $697.97 on Thursday. The business’s 50 day moving average is $805.84 and its two-hundred day moving average is $684.81. The firm has a market cap of $158.71 billion, a price-to-earnings ratio of 50.29 and a beta of 2.06. Seagate Technology Holdings PLC has a 52 week low of $228.61 and a 52 week high of $1,145.00. The company has a quick ratio of 1.17, a current ratio of 1.67 and a debt-to-equity ratio of 1.56.

Seagate Technology (NASDAQ:STX) last posted its quarterly earnings data on Tuesday, October 27th. The data storage provider reported $7.68 EPS for the quarter, beating the consensus estimate of $7.45 by $0.23. Seagate Technology had a return on equity of 369.98% and a net margin of 26.11%. The firm had revenue of $4.23 billion during the quarter, compared to the consensus estimate of $4.15 billion. During the same period in the prior year, the business earned $2.61 EPS. The firm’s revenue was up 61.0% compared to the same quarter last year. On average, research analysts predict that Seagate Technology Holdings PLC will post 35.79 EPS for the current year.

Seagate Technology Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 7th. Stockholders of record on Wednesday, December 23rd will be issued a $0.76 dividend. The ex-dividend date is Wednesday, December 23rd. This represents a $3.04 dividend on an annualized basis and a dividend yield of 0.4%. This is a boost from Seagate Technology’s previous quarterly dividend of $0.74. Seagate Technology’s payout ratio is 21.33%.

Seagate Technology Company Profile

Seagate Technology Holdings plc (NASDAQ: STX) is a data storage company that develops and manufactures mass-capacity storage products and solutions. Its portfolio is centered on hard disk drives (HDDs) used in cloud data centers, enterprise systems, network-attached storage, video and imaging applications, and personal computers.

The company also provides storage-related services and solutions designed to help organizations store, manage, protect, and access large volumes of digital information.