Seagate Technology Holdings PLC $STX Position Trimmed by Alteri Wealth LLC

Alteri Wealth LLC lessened its holdings in shares of Seagate Technology Holdings PLC (NASDAQ:STX) by 37.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,531 shares of the data storage provider’s stock after selling 905 shares during the quarter. Alteri Wealth LLC’s holdings in Seagate Technology were worth $422,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Salomon & Ludwin LLC grew its stake in shares of Seagate Technology by 124.4% in the 4th quarter. Salomon & Ludwin LLC now owns 92 shares of the data storage provider’s stock valued at $27,000 after buying an additional 51 shares in the last quarter. Rakuten Securities Inc. grew its stake in shares of Seagate Technology by 884.2% in the 2nd quarter. Rakuten Securities Inc. now owns 187 shares of the data storage provider’s stock valued at $27,000 after buying an additional 168 shares in the last quarter. Armstrong Advisory Group Inc. bought a new stake in shares of Seagate Technology in the 4th quarter valued at approximately $28,000. Avion Wealth grew its stake 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 buying an additional 79 shares in the last quarter. Finally, Concord Wealth Partners bought a new stake in shares of Seagate Technology in the 4th quarter valued at approximately $28,000. Hedge funds and other institutional investors own 92.87% of the company’s stock.

Insider Activity

In other news, CEO William D. Mosley sold 13,780 shares of the company’s stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $924.99, for a total transaction of $12,746,362.20. Following the completion of the transaction, the chief executive officer directly owned 323,591 shares in the company, valued at $299,318,439.09. The trade was a 4.08% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Ban Seng Teh sold 8,003 shares of the company’s stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $817.28, for a total value of $6,540,691.84. Following the transaction, the executive vice president owned 3,691 shares of the company’s stock, valued at approximately $3,016,580.48. This trade represents a 68.44% 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. Over the last ninety days, insiders have sold 155,187 shares of company stock valued at $108,267,701. Insiders own 0.79% of the company’s stock.

Wall Street Analyst Weigh In

STX has been the subject of several recent research reports. Susquehanna boosted their price target on Seagate Technology from $485.00 to $615.00 and gave the company a “neutral” rating in a research note on Wednesday, April 29th. TD Cowen boosted their price target on Seagate Technology from $500.00 to $850.00 and gave the company a “buy” rating in a research note on Wednesday, April 29th. The Goldman Sachs Group boosted their price target on Seagate Technology from $385.00 to $700.00 and gave the company a “buy” rating in a research note on Wednesday, April 29th. Wall Street Zen raised Seagate Technology from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. Finally, Sanford C. Bernstein boosted their price target on Seagate Technology from $620.00 to $1,000.00 and gave the company an “outperform” rating in a research note 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’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $792.46.

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 to $1,000 from $900, signaling continued upside potential and reinforcing a constructive view on the shares.
• Positive Sentiment: Mizuho also boosted its target on Seagate to $1,090 from $875 and kept an outperform rating, citing favorable demand trends tied to data centers and AI-driven memory/storage demand.
• Positive Sentiment: Citi remained bullish on Seagate Technology, adding to the recent wave of favorable analyst sentiment around the company.
• Positive Sentiment: Recent coverage on AI demand suggests tightening supply across storage names, which supports the investment case for Seagate and other memory/storage suppliers.
• Neutral Sentiment: Short interest data showed no reported short interest as of June 9, so this update does not appear to be a meaningful stock catalyst.
• Negative Sentiment: Shares fell along with other semiconductor stocks after a geopolitical incident in the Strait of Hormuz weakened the broader risk backdrop and weighed on the sector.

Seagate Technology Stock Down 3.5%

Shares of Seagate Technology stock opened at $846.01 on Wednesday. The stock has a market capitalization of $189.70 billion, a P/E ratio of 80.27 and a beta of 2.04. The company has a quick ratio of 0.85, a current ratio of 1.33 and a debt-to-equity ratio of 3.16. The stock has a 50 day moving average price of $680.78 and a two-hundred day moving average price of $464.11. Seagate Technology Holdings PLC has a 12-month low of $124.63 and a 12-month high of $966.80.

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

Seagate Technology Dividend Announcement

The business also recently announced 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. 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 0.3%. Seagate Technology’s dividend payout ratio is presently 28.08%.

Seagate Technology Company 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.