HB Wealth Management LLC Has $2.75 Million Position in Seagate Technology Holdings PLC $STX

HB Wealth Management LLC boosted its holdings in shares of Seagate Technology Holdings PLC (NASDAQ:STX) by 31.4% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 7,012 shares of the data storage provider’s stock after acquiring an additional 1,674 shares during the quarter. HB Wealth Management LLC’s holdings in Seagate Technology were worth $2,747,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Salomon & Ludwin LLC increased its stake in shares of Seagate Technology by 124.4% during the 4th quarter. Salomon & Ludwin LLC now owns 92 shares of the data storage provider’s stock worth $27,000 after purchasing an additional 51 shares during the last quarter. Rakuten Securities Inc. lifted 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 purchasing an additional 168 shares during the last quarter. Armstrong Advisory Group Inc. acquired a new stake in shares of Seagate Technology in the 4th quarter valued at $28,000. Avion Wealth boosted its holdings in 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 purchasing an additional 79 shares in the last quarter. Finally, Concord Wealth Partners bought a new stake in Seagate Technology in the fourth quarter worth $28,000. 92.87% of the stock is currently owned by institutional investors and hedge funds.

Seagate Technology Stock Up 5.9%

STX stock opened at $868.26 on Tuesday. The stock has a market capitalization of $194.69 billion, a price-to-earnings ratio of 82.38 and a beta of 2.04. The company has a 50-day moving average of $858.93 and a two-hundred day moving average of $556.28. Seagate Technology Holdings PLC has a 52-week low of $138.30 and a 52-week high of $1,145.00. The company has a debt-to-equity ratio of 3.16, a current ratio of 1.33 and a quick ratio of 0.85.

Seagate Technology (NASDAQ:STX) last posted its quarterly earnings data on Tuesday, April 28th. The data storage provider reported $4.10 EPS for the quarter, topping analysts’ consensus estimates of $3.51 by $0.59. Seagate Technology had a return on equity of 1,005.65% and a net margin of 21.60%.The business had revenue of $3.11 billion for the quarter, compared to analyst estimates of $2.96 billion. During the same period in the previous year, the company posted $1.90 earnings per share. The firm’s revenue for the quarter was up 44.1% on a year-over-year basis. Seagate Technology has set its Q4 2026 guidance at 4.800-5.200 EPS. As a group, equities research analysts anticipate that Seagate Technology Holdings PLC will post 14.14 EPS for the current year.

Seagate Technology Dividend Announcement

The firm 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 $0.74 dividend. This represents a $2.96 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend is Wednesday, June 24th. Seagate Technology’s payout ratio is currently 28.08%.

More Seagate Technology News

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

Insiders Place Their Bets

In related news, CEO William D. Mosley sold 30,000 shares of the business’s stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $751.29, for a total transaction of $22,538,700.00. Following the transaction, the chief executive officer owned 339,591 shares of the company’s stock, valued at approximately $255,131,322.39. The trade was a 8.12% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP John Christopher Morris sold 5,626 shares of the company’s stock in a transaction on Monday, May 4th. The shares were sold at an average price of $738.37, for a total transaction of $4,154,069.62. Following the transaction, the executive vice president owned 11,954 shares of the company’s stock, valued at approximately $8,826,474.98. The trade was a 32.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 151,069 shares of company stock valued at $126,191,753 in the last three months. 0.79% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on STX shares. Evercore raised their target price on Seagate Technology from $750.00 to $1,000.00 and gave the company an “outperform” rating in a report on Tuesday, May 12th. UBS Group increased their price objective on Seagate Technology from $515.00 to $545.00 and gave the company a “neutral” rating in a report on Wednesday, April 29th. Morgan Stanley raised their price objective on Seagate Technology from $767.00 to $1,035.00 and gave the company an “overweight” rating in a research note on Monday, June 15th. TD Cowen upped their target price on Seagate Technology from $500.00 to $850.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. Finally, Susquehanna increased their price target on Seagate Technology from $485.00 to $615.00 and gave the company a “neutral” rating in a report on Wednesday, April 29th. Twenty-one analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, Seagate Technology presently has a consensus rating of “Moderate Buy” and an average price target 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.