Americana Partners LLC Makes New Investment in Seagate Technology Holdings PLC $STX

Americana Partners LLC purchased a new position in shares of Seagate Technology Holdings PLC (NASDAQ:STX) in the 4th quarter, Holdings Channel.com reports. The fund purchased 2,179 shares of the data storage provider’s stock, valued at approximately $600,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Salomon & Ludwin LLC boosted its position 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 worth $27,000 after buying an additional 51 shares during the period. Armstrong Advisory Group Inc. purchased a new stake in shares of Seagate Technology in the fourth quarter worth about $28,000. Concord Wealth Partners purchased a new stake in shares of Seagate Technology in the fourth quarter worth about $28,000. Avion Wealth boosted its position in shares of Seagate Technology by 343.5% in the fourth quarter. Avion Wealth now owns 102 shares of the data storage provider’s stock worth $28,000 after buying an additional 79 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Seagate Technology in the fourth quarter worth about $37,000. 92.87% of the stock is currently owned by institutional investors and hedge funds.

Seagate Technology Stock Performance

Shares of STX opened at $812.73 on Monday. The company has a market capitalization of $182.24 billion, a P/E ratio of 77.11 and a beta of 1.98. Seagate Technology Holdings PLC has a one year low of $108.28 and a one year high of $841.31. The company has a debt-to-equity ratio of 3.16, a quick ratio of 0.85 and a current ratio of 1.33. The stock has a 50-day moving average price of $565.92 and a 200 day moving average price of $412.49.

Seagate Technology (NASDAQ:STX) last issued its quarterly earnings results on Tuesday, April 28th. The data storage provider reported $4.10 EPS for the quarter, beating analysts’ consensus estimates of $3.51 by $0.59. The firm had revenue of $3.11 billion during the quarter, compared to the consensus estimate of $2.96 billion. Seagate Technology had a return on equity of 1,005.65% and a net margin of 21.60%.Seagate Technology’s revenue for the quarter was up 44.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.90 earnings per share. Seagate Technology has set its Q4 2026 guidance at 4.800-5.200 EPS. Sell-side analysts forecast that Seagate Technology Holdings PLC will post 14.1 EPS for the current fiscal year.

Seagate Technology Dividend Announcement

The firm 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 $0.74 dividend. The ex-dividend date of this dividend is Wednesday, June 24th. This represents a $2.96 dividend on an annualized basis and a yield of 0.4%. Seagate Technology’s dividend payout ratio is currently 28.08%.

Seagate Technology News Roundup

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

• Positive Sentiment: Seagate’s latest margin and revenue trends show strong execution, with record gross margins, tight supply, and pricing support pointing to continued earnings upside. Can Seagate Sustain Its Gross Margin Expansion Momentum?
• Positive Sentiment: AI infrastructure spending remains a tailwind for memory and storage stocks, including STX, after Nvidia’s strong results. Seagate Stock, Western Digital Bounce Back After Nvidia Results
• Positive Sentiment: Seagate’s exchange of $185.9 million in notes could support balance-sheet flexibility and reduce financial risk. Seagate Announces Exchanges with Holders of $185.908 Million Principal Amount of Exchangeable Notes
• Neutral Sentiment: CEO William Mosley sold 30,000 shares under a pre-arranged 10b5-1 plan; routine insider selling does not necessarily signal a fundamental change, but it can still weigh on sentiment. SEC filing
• Neutral Sentiment: Some analysts and commentators are questioning valuation, with Jim Cramer calling Seagate “too pricey,” which could limit further upside unless earnings keep accelerating. Jim Cramer on Seagate: “Too Pricey”
• Negative Sentiment: There is also growing caution that the AI memory/storage boom could slow later in the cycle, raising concerns about future supply, pricing, and demand. Advanced Energy, Vishay Precision, and Bel Fuse Shares Plummet, What You Need To Know

Insider Transactions at Seagate Technology

In related news, Director Stephanie Tilenius sold 1,580 shares of the stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of $766.61, for a total value of $1,211,243.80. Following the completion of the transaction, the director owned 10,664 shares of the company’s stock, valued at approximately $8,175,129.04. This represents a 12.90% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP John Christopher Morris sold 5,626 shares of the stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $738.37, for a total value of $4,154,069.62. Following the completion of the transaction, the executive vice president directly owned 11,954 shares of the company’s stock, valued at $8,826,474.98. This represents a 32.00% 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. Insiders have sold a total of 142,437 shares of company stock valued at $86,093,575 in the last three months. 0.79% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

STX has been the subject of several analyst reports. KeyCorp set a $500.00 target price on Seagate Technology in a research report on Wednesday, January 28th. Morgan Stanley upped their target price on Seagate Technology from $582.00 to $767.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 29th. Wedbush upped their target price on Seagate Technology from $700.00 to $825.00 and gave the stock an “outperform” rating in a research report on Monday, April 27th. Citigroup upped their target price on Seagate Technology from $595.00 to $740.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. Finally, Zacks Research raised Seagate Technology from a “hold” rating to a “strong-buy” rating in a research report on Friday, May 1st. One research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $733.71.

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.