Affinity Wealth Management LLC Increases Position in Seagate Technology Holdings PLC $STX

Affinity Wealth Management LLC grew its holdings in shares of Seagate Technology Holdings PLC (NASDAQ:STX) by 9.5% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 32,021 shares of the data storage provider’s stock after buying an additional 2,784 shares during the period. Seagate Technology accounts for 1.3% of Affinity Wealth Management LLC’s portfolio, making the stock its 21st largest position. Affinity Wealth Management LLC’s holdings in Seagate Technology were worth $8,818,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of STX. National Pension Service boosted its holdings in shares of Seagate Technology by 28.0% in the third quarter. National Pension Service now owns 250,121 shares of the data storage provider’s stock valued at $59,044,000 after purchasing an additional 54,722 shares during the period. Tokio Marine Asset Management Co. Ltd. bought a new position in Seagate Technology in the third quarter worth approximately $1,864,000. Keystone Investors PTE Ltd. increased its holdings in Seagate Technology by 55.7% during the 3rd quarter. Keystone Investors PTE Ltd. now owns 50,321 shares of the data storage provider’s stock worth $11,879,000 after purchasing an additional 18,000 shares during the period. Estate Counselors LLC purchased a new position in Seagate Technology during the 3rd quarter worth $2,557,000. Finally, Vision Financial Markets LLC raised its position in Seagate Technology by 341.7% during the 3rd quarter. Vision Financial Markets LLC now owns 5,300 shares of the data storage provider’s stock valued at $1,251,000 after purchasing an additional 4,100 shares in the last quarter. 92.87% of the stock is owned by institutional investors.

Key Stories Impacting Seagate Technology

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

• Positive Sentiment: Sanford C. Bernstein raised its price target to $620 (from $500) and kept an Outperform rating, arguing the recent pullback is a buying opportunity and forecasting strong upside for Seagate on AI/cloud demand. Seagate Technology Gets Bold $620 Target From Bernstein — Buy the Dip?
• Positive Sentiment: J.P. Morgan initiated coverage with an Overweight rating and $525 target, citing durable AI‑driven data‑center demand, pricing strength and margin expansion as reasons Seagate can extend gains despite the large run‑up. JPMorgan starts Seagate at Overweight, sees more upside despite 350% rally
• Positive Sentiment: Several outlets and analysts are framing recent pullbacks (partly mechanical/algo driven) as temporary, calling the dip a buying opportunity given Seagate’s recent beat on EPS and revenue, and company guidance pointing to continued strength. Seagate Technology: Why The 20% Plunge Is An Opportunity
• Neutral Sentiment: Analysis on HDD competition and technology — including coverage of Western Digital’s push into next‑gen HAMR and ePMR — underscores that both Seagate and peers are racing to meet surging cloud/AI capacity needs; this is strategic context rather than an immediate hit to Seagate’s outlook. Will Next-Gen HAMR & ePMR Drives Give Western Digital a Storage Edge?
• Neutral Sentiment: Coverage noting potential AI‑related headwinds to HDDs (but not driven by Alphabet’s algorithm changes) flags longer‑term demand mix questions for some workloads; this is being parsed but hasn’t overturned the bullish data‑center story. Seagate’s HDDs Face AI Headwinds, But Not From Alphabet’s New Algorithms
• Negative Sentiment: Sectorwide selling pressure—partly attributed to an apparent Nvidia design/roadmap shift and algorithmic (TurboQuant) trading—triggered a pullback in memory and storage stocks, briefly weighing on Seagate. Nvidia Design Shift Triggers Selloff in Memory Stocks
• Negative Sentiment: Intraday headlines noted sharp declines (one report cited a ~7% drop in a session) before analyst notes arrived, highlighting how momentum/algorithms can amplify downside even when fundamentals remain solid. Seagate stock is crashing 7% today: why JP Morgan is bullish

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on STX shares. Argus increased their price target on Seagate Technology from $300.00 to $450.00 and gave the stock a “buy” rating in a research report on Thursday, January 29th. Evercore lifted their price objective on Seagate Technology from $330.00 to $450.00 and gave the company an “outperform” rating in a report on Wednesday, January 28th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Seagate Technology in a research note on Friday. TD Cowen increased their target price on shares of Seagate Technology from $340.00 to $500.00 and gave the stock a “buy” rating in a report on Wednesday, January 28th. Finally, Citigroup raised their target price on shares of Seagate Technology from $460.00 to $480.00 and gave the company a “buy” rating in a research report on Friday, February 6th. One research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, Seagate Technology currently has a consensus rating of “Moderate Buy” and an average target price of $461.00.

Seagate Technology Stock Up 8.1%

Shares of NASDAQ STX opened at $391.76 on Wednesday. Seagate Technology Holdings PLC has a 12-month low of $63.19 and a 12-month high of $459.84. The stock’s fifty day simple moving average is $399.43 and its two-hundred day simple moving average is $310.76. The stock has a market capitalization of $85.43 billion, a PE ratio of 44.32, a price-to-earnings-growth ratio of 0.81 and a beta of 1.61. The company has a current ratio of 1.12, a quick ratio of 0.72 and a debt-to-equity ratio of 7.63.

Seagate Technology (NASDAQ:STX) last released its quarterly earnings results on Tuesday, January 27th. The data storage provider reported $3.11 EPS for the quarter, topping the consensus estimate of $2.77 by $0.34. Seagate Technology had a negative return on equity of 936.38% and a net margin of 19.59%.The firm had revenue of $2.83 billion during the quarter, compared to analyst estimates of $2.73 billion. During the same period in the previous year, the company posted $2.03 EPS. The business’s revenue for the quarter was up 21.5% compared to the same quarter last year. Seagate Technology has set its Q3 2026 guidance at 3.200-3.600 EPS. As a group, analysts expect that Seagate Technology Holdings PLC will post 6.83 EPS for the current fiscal year.

Seagate Technology Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 8th. Shareholders of record on Wednesday, March 25th will be given a dividend of $0.74 per share. This represents a $2.96 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend is Wednesday, March 25th. Seagate Technology’s dividend payout ratio is presently 33.48%.

Insider Buying and Selling at Seagate Technology

In other news, Director Jay L. Geldmacher sold 925 shares of the firm’s stock in a transaction dated Friday, January 30th. The shares were sold at an average price of $448.02, for a total value of $414,418.50. Following the sale, the director directly owned 223 shares in the company, valued at approximately $99,908.46. This trade represents a 80.57% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP James Ci Lee sold 673 shares of Seagate Technology stock in a transaction that occurred on Monday, January 26th. The stock was sold at an average price of $348.85, for a total transaction of $234,776.05. Following the completion of the transaction, the executive vice president directly owned 257 shares in the company, valued at approximately $89,654.45. The trade was a 72.37% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 113,635 shares of company stock valued at $44,430,443. 0.79% of the stock is currently owned by corporate insiders.

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.