523 Shares in Seagate Technology Holdings PLC $STX Acquired by Red Door Wealth Management LLC

Red Door Wealth Management LLC purchased a new position in shares of Seagate Technology Holdings PLC (NASDAQ:STX) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 523 shares of the data storage provider’s stock, valued at approximately $205,000.

Other institutional investors also recently added to or reduced their stakes in the company. Salomon & Ludwin LLC boosted its holdings in shares of Seagate Technology by 124.4% in the fourth quarter. Salomon & Ludwin LLC now owns 92 shares of the data storage provider’s stock valued at $27,000 after acquiring an additional 51 shares during the period. Rakuten Securities Inc. grew its position in shares of Seagate Technology by 884.2% during the second quarter. Rakuten Securities Inc. now owns 187 shares of the data storage provider’s stock worth $27,000 after acquiring an additional 168 shares during the last quarter. Armstrong Advisory Group Inc. acquired a new position in shares of Seagate Technology in the 4th quarter valued at $28,000. Avion Wealth increased its holdings in shares of Seagate Technology by 343.5% in the 4th quarter. Avion Wealth now owns 102 shares of the data storage provider’s stock valued at $28,000 after acquiring an additional 79 shares during the period. Finally, Concord Wealth Partners purchased a new stake in Seagate Technology in the 4th quarter valued at $28,000. Institutional investors and hedge funds own 92.87% of the company’s stock.

Key Stories Impacting Seagate Technology

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

• Positive Sentiment: Cantor Fitzgerald raised its price target on Seagate Technology to $1,300 from $1,000 and kept an overweight rating, signaling confidence that the stock still has room to run. Benzinga report on Cantor Fitzgerald upgrade
• Positive Sentiment: Melius Research initiated coverage with a buy rating and a $1,600 price target, reinforcing the view that Seagate could benefit further from AI infrastructure spending and tight memory supply. Yahoo Finance company news for Jun 29, 2026
• Positive Sentiment: Multiple articles highlighted Seagate as one of the leading AI infrastructure and memory stocks, with commentary pointing to strong earnings trends and structural demand from cloud and AI customers. Zacks article on AI infrastructure stocks
• Positive Sentiment: Seagate’s plan to redeem $150.7 million of exchangeable notes due 2028 should modestly improve the balance sheet and reduce future debt-related risk. Yahoo Finance article on debt redemption
• Neutral Sentiment: Some commentary suggested the stock may already reflect a lot of the good news, with one Seeking Alpha piece arguing Seagate is performing well but leaves limited upside from current levels. Seeking Alpha article on Seagate valuation
• Neutral Sentiment: Another market note said Seagate has benefited from a broader memory shortage and stronger pricing, but the article focused more on the industry backdrop than on a new company-specific catalyst. MarketBeat article on memory stocks

Analyst Upgrades and Downgrades

STX has been the topic of several research reports. Rosenblatt Securities raised their price objective on shares of Seagate Technology from $500.00 to $1,000.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. Argus upped their target price on shares of Seagate Technology from $450.00 to $750.00 and gave the company a “buy” rating in a report on Thursday, April 30th. The Goldman Sachs Group increased their target price on shares of Seagate Technology from $385.00 to $700.00 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. China Renaissance raised their price target on Seagate Technology from $802.00 to $983.00 in a report on Friday, June 12th. Finally, Evercore boosted their price target on Seagate Technology from $750.00 to $1,000.00 and gave the company an “outperform” rating in a research report on Tuesday, May 12th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $874.52.

Seagate Technology Stock Performance

NASDAQ:STX opened at $968.53 on Tuesday. The company has a debt-to-equity ratio of 3.16, a current ratio of 1.33 and a quick ratio of 0.85. The firm has a market cap of $217.17 billion, a price-to-earnings ratio of 91.89 and a beta of 2.04. The firm’s fifty day moving average price is $827.45 and its 200 day moving average price is $535.71. Seagate Technology Holdings PLC has a 1-year low of $138.30 and a 1-year high of $1,145.00.

Seagate Technology (NASDAQ:STX) last announced its quarterly earnings data on Tuesday, April 28th. The data storage provider reported $4.10 EPS for the quarter, topping analysts’ consensus estimates of $3.51 by $0.59. Seagate Technology had a net margin of 21.60% and a return on equity of 1,005.65%. The company had revenue of $3.11 billion during the quarter, compared to the consensus estimate of $2.96 billion. During the same quarter in the prior year, the firm earned $1.90 EPS. Seagate Technology’s quarterly 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. On average, 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 declared a quarterly dividend, which will be paid on Tuesday, July 7th. Investors of record on Wednesday, June 24th will be issued a dividend of $0.74 per share. This represents a $2.96 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend is Wednesday, June 24th. Seagate Technology’s dividend payout ratio is currently 28.08%.

Insider Transactions at Seagate Technology

In other Seagate Technology news, EVP Ban Seng Teh sold 989 shares of the business’s stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $880.19, for a total transaction of $870,507.91. Following the transaction, the executive vice president owned 4,290 shares in the company, valued at approximately $3,776,015.10. The trade was a 18.73% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Shankar Arumugavelu sold 1,000 shares of the stock in a transaction that occurred on Thursday, June 4th. The stock was sold at an average price of $927.68, for a total value of $927,680.00. Following the transaction, the director directly owned 6,626 shares of the company’s stock, valued at approximately $6,146,807.68. This trade represents a 13.11% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 141,069 shares of company stock valued at $107,161,712 over the last 90 days. Insiders own 0.79% of the company’s stock.

Seagate Technology 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.