Seagate Technology Holdings PLC $STX Shares Sold by Private Advisor Group LLC

Private Advisor Group LLC reduced its stake in shares of Seagate Technology Holdings PLC (NASDAQ:STX) by 4.3% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 16,880 shares of the data storage provider’s stock after selling 761 shares during the quarter. Private Advisor Group LLC’s holdings in Seagate Technology were worth $6,613,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Y Intercept Hong Kong Ltd acquired a new stake in Seagate Technology in the first quarter valued at approximately $4,244,000. Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its stake in shares of Seagate Technology by 59.1% in the first quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 54,108 shares of the data storage provider’s stock valued at $21,197,000 after purchasing an additional 20,100 shares during the period. Elevation Point Wealth Partners LLC grew its holdings in Seagate Technology by 783.8% during the 1st quarter. Elevation Point Wealth Partners LLC now owns 10,394 shares of the data storage provider’s stock valued at $4,075,000 after purchasing an additional 9,218 shares in the last quarter. Sound Income Strategies LLC increased its stake in Seagate Technology by 3.9% during the 1st quarter. Sound Income Strategies LLC now owns 1,701 shares of the data storage provider’s stock worth $720,000 after buying an additional 64 shares during the period. Finally, Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new position in Seagate Technology in the 1st quarter worth $2,996,000. Hedge funds and other institutional investors own 92.87% of the company’s stock.

Insider Buying and Selling at Seagate Technology

In other Seagate Technology news, CEO William D. Mosley sold 9,343 shares of the firm’s stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $924.42, for a total value of $8,636,856.06. Following the transaction, the chief executive officer owned 311,517 shares of the company’s stock, valued at $287,972,545.14. This trade represents a 2.91% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Ban Seng Teh sold 989 shares of Seagate Technology stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $880.19, for a total value of $870,507.91. Following the completion of the transaction, the executive vice president owned 4,290 shares of the company’s stock, valued at approximately $3,776,015.10. The trade was a 18.73% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 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 in the last ninety days. Insiders own 0.79% of the company’s stock.

Seagate Technology Stock Performance

Seagate Technology stock traded down $69.07 during mid-day trading on Tuesday, reaching $799.19. The company’s stock had a trading volume of 702,769 shares, compared to its average volume of 4,213,980. The company has a current ratio of 1.33, a quick ratio of 0.85 and a debt-to-equity ratio of 3.16. Seagate Technology Holdings PLC has a twelve month low of $138.30 and a twelve month high of $1,145.00. The business has a 50 day moving average price of $858.93 and a 200-day moving average price of $556.28. The firm has a market cap of $179.20 billion, a price-to-earnings ratio of 75.56 and a beta of 2.04.

Seagate Technology (NASDAQ:STX) last issued 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. 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 for the quarter, compared to analysts’ expectations of $2.96 billion. During the same period in the prior year, the company earned $1.90 earnings per share. The firm’s revenue was up 44.1% compared to the same quarter last year. Seagate Technology has set its Q4 2026 guidance at 4.800-5.200 EPS. Sell-side analysts predict that Seagate Technology Holdings PLC will post 14.14 EPS for the current fiscal year.

Seagate Technology Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 7th. Investors of record on Wednesday, June 24th will be paid a dividend of $0.74 per share. The ex-dividend date is Wednesday, June 24th. This represents a $2.96 annualized dividend and a yield of 0.4%. Seagate Technology’s dividend payout ratio is 28.08%.

Key Headlines Impacting Seagate Technology

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

• Positive Sentiment: Bank of America raised its price target on Seagate Technology (STX) to $1,150 and kept a Buy rating, reinforcing bullish sentiment around the stock. Is Seagate (STX) the Best Pick and Shovel AI Stock to Invest In?
• Positive Sentiment: Melius Research initiated coverage of Seagate Technology with a Buy rating and a $1,600 price target, adding another bullish catalyst for the shares. Melius Research Initiates Coverage of Seagate Technology (STX)
• Positive Sentiment: Analysts and market commentators say memory and storage stocks are rebounding on improving pricing trends and sustained AI demand, which is lifting Seagate along with peers. Memory stocks rebound as analysts flag a buying opportunity
• Positive Sentiment: Seagate was highlighted as a top growth pick for July and as a beneficiary of demand for integrated technology solutions, supporting the stock’s upside narrative. 4 Stocks to Buy From a Prospering Technology Solutions Industry
• Neutral Sentiment: Seagate continues to receive broadly favorable broker sentiment, with consensus ratings pointing to a “Moderate Buy.” Seagate Technology Holdings PLC Receives Consensus Recommendation of “Moderate Buy”
• Neutral Sentiment: The company’s strong quarterly results and raised guidance remain a supportive backdrop, but they are already well known to investors and are mostly serving to reinforce the bullish setup. Seagate Technology earnings report

Analysts Set New Price Targets

STX has been the subject of several recent analyst reports. JPMorgan Chase & Co. raised their target price on Seagate Technology from $775.00 to $920.00 and gave the company an “overweight” rating in a research note on Thursday, June 11th. Wall Street Zen upgraded Seagate Technology from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. China Renaissance increased their price target on Seagate Technology from $802.00 to $983.00 in a report on Friday, June 12th. Evercore raised their price objective on Seagate Technology from $750.00 to $1,000.00 and gave the company an “outperform” rating in a research note on Tuesday, May 12th. Finally, BNP Paribas Exane lifted their price objective on Seagate Technology from $530.00 to $860.00 and gave the stock an “outperform” rating in a report on Wednesday, April 29th. Twenty-one research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, Seagate Technology has an average rating of “Moderate Buy” and an average target price of $880.52.

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.