Seagate Technology Holdings PLC $STX Stake Lowered by Aufman Associates Inc

Aufman Associates Inc decreased its stake in Seagate Technology Holdings PLC (NASDAQ:STX) by 6.9% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 65,559 shares of the data storage provider’s stock after selling 4,833 shares during the period. Seagate Technology accounts for 9.3% of Aufman Associates Inc’s portfolio, making the stock its 4th biggest position. Aufman Associates Inc’s holdings in Seagate Technology were worth $18,054,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of STX. Gateway Investment Advisers LLC lifted its stake in Seagate Technology by 1.8% in the fourth quarter. Gateway Investment Advisers LLC now owns 1,399 shares of the data storage provider’s stock valued at $385,000 after buying an additional 25 shares during the last quarter. Trajan Wealth LLC boosted its stake in shares of Seagate Technology by 1.9% during the fourth quarter. Trajan Wealth LLC now owns 1,325 shares of the data storage provider’s stock worth $365,000 after buying an additional 25 shares during the period. EWA LLC lifted its holdings in shares of Seagate Technology by 2.1% during the fourth quarter. EWA LLC now owns 1,370 shares of the data storage provider’s stock worth $377,000 after purchasing an additional 28 shares during the period. SVB Wealth LLC grew its position in Seagate Technology by 0.9% in the 4th quarter. SVB Wealth LLC now owns 3,347 shares of the data storage provider’s stock valued at $922,000 after buying an additional 29 shares during the last quarter. Finally, Fielder Capital Group LLC increased its stake in Seagate Technology by 2.7% in the 4th quarter. Fielder Capital Group LLC now owns 1,217 shares of the data storage provider’s stock valued at $335,000 after buying an additional 32 shares during the period. 92.87% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about Seagate Technology

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

• Positive Sentiment: Several recent articles and analyst notes highlighted Seagate as a beneficiary of surging AI storage demand, data-center buildout, and tighter industry supply, which has helped improve the investment case and lift price targets. Zacks Analyst Blog Highlights Micron, Sandisk, Seagate, Dell and Comfort Systems
• Positive Sentiment: Analysts are increasingly framing STX as an AI-storage winner, with one recent report saying fair value estimates were reset higher as investors price in stronger demand for higher-capacity drives and improved industry discipline. How The Seagate (STX) Investment Story Is Shifting With AI Storage Demand And New Targets
• Positive Sentiment: Seagate was also included in a “buy these growth stocks” theme around massive AI infrastructure spending, reinforcing investor optimism tied to the company’s storage exposure. Buy These 5 Growth Stocks in June Amid Massive AI Infrastructure Boost
• Positive Sentiment: Recent coverage also noted that Seagate’s quarterly results beat expectations and the company raised guidance, which continues to support the bullish narrative around earnings momentum. Shankar Arumugavelu Sells 1,000 Shares of Seagate Technology (NASDAQ:STX) Stock
• Neutral Sentiment: A director sold 1,000 shares at $927.68, a transaction that is not huge in size but can still modestly weigh on sentiment because it comes after a strong run in the stock. Shankar Arumugavelu Sells 1,000 Shares of Seagate Technology (NASDAQ:STX) Stock
• Neutral Sentiment: Broader memory-chip weakness in peers like Micron and SanDisk suggests some cooling in the sector after a sharp run-up, which could spill over into Seagate even though its fundamentals remain strong. Memory-Chip Stocks Micron, Sandisk Get Their Wings Clipped

Seagate Technology Price Performance

STX opened at $847.47 on Monday. Seagate Technology Holdings PLC has a 12 month low of $124.63 and a 12 month high of $966.80. The business has a 50-day moving average of $661.50 and a two-hundred day moving average of $455.59. 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 stock has a market capitalization of $190.03 billion, a price-to-earnings ratio of 80.41 and a beta of 2.04.

Seagate Technology (NASDAQ:STX) last released its earnings results on Tuesday, April 28th. The data storage provider reported $4.10 earnings per share (EPS) for the quarter, topping the consensus estimate 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 business had revenue of $3.11 billion for the quarter, compared to analysts’ expectations of $2.96 billion. During the same period last year, the company earned $1.90 earnings per share. The company’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, research analysts expect that Seagate Technology Holdings PLC will post 14.1 earnings per share for the current year.

Seagate Technology Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 7th. Shareholders of record on Wednesday, June 24th will be given a dividend of $0.74 per share. This represents a $2.96 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend is Wednesday, June 24th. Seagate Technology’s payout ratio is 28.08%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on STX shares. Sanford C. Bernstein upped their price objective on shares of Seagate Technology from $620.00 to $1,000.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 29th. Barclays increased their target price on Seagate Technology from $750.00 to $1,000.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 27th. Cantor Fitzgerald lifted their price target on Seagate Technology from $700.00 to $1,000.00 and gave the company an “overweight” rating in a research note on Wednesday, April 29th. The Goldman Sachs Group lifted their price target on shares of Seagate Technology from $385.00 to $700.00 and gave the company a “buy” rating in a research report on Wednesday, April 29th. Finally, Morgan Stanley upped their price target on Seagate Technology from $582.00 to $767.00 and gave the stock an “overweight” rating in a report on Wednesday, April 29th. One research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, Seagate Technology currently has a consensus rating of “Moderate Buy” and a consensus price target of $772.04.

Insider Activity at Seagate Technology

In related news, Director Yolanda Lee Conyers sold 750 shares of Seagate Technology stock in a transaction on Monday, June 1st. The shares were sold at an average price of $885.33, for a total transaction of $663,997.50. Following the transaction, the director owned 4,101 shares in the company, valued at approximately $3,630,738.33. The trade was a 15.46% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Prat Bhatt sold 1,000 shares of the company’s stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $929.88, for a total value of $929,880.00. Following the completion of the sale, the director directly owned 12,869 shares of the company’s stock, valued at $11,966,625.72. The trade was a 7.21% 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 sold a total of 155,187 shares of company stock valued at $108,267,701 over the last three months. 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.