Canvas Wealth Advisors LLC Makes New $244,000 Investment in Seagate Technology Holdings PLC $STX

Canvas Wealth Advisors LLC purchased a new stake in shares of Seagate Technology Holdings PLC (NASDAQ:STX) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 621 shares of the data storage provider’s stock, valued at approximately $244,000.

Several other hedge funds and other institutional investors have 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 worth $27,000 after purchasing an additional 51 shares during the last quarter. Armstrong Advisory Group Inc. bought a new stake in Seagate Technology during the fourth quarter worth approximately $28,000. Concord Wealth Partners acquired a new position in Seagate Technology in the fourth quarter worth approximately $28,000. McMillan Office Inc. acquired a new position in Seagate Technology in the first quarter worth approximately $39,000. Finally, Avion Wealth increased its holdings 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 valued at $28,000 after buying an additional 79 shares in the last quarter. 92.87% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms have recently weighed in on STX. Wells Fargo & Company raised their price objective on Seagate Technology from $700.00 to $900.00 and gave the stock an “equal weight” rating in a research note on Monday, June 1st. Zacks Research lowered Seagate Technology from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 29th. Loop Capital upped their target price on Seagate Technology from $950.00 to $1,140.00 and gave the company a “buy” rating in a report on Friday, May 15th. Weiss Ratings reiterated a “buy (b)” rating on shares of Seagate Technology in a research report on Wednesday, June 24th. Finally, The Goldman Sachs Group lifted their price target on Seagate Technology from $385.00 to $700.00 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. Twenty-one equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $880.52.

Seagate Technology Trading Down 4.7%

Shares of NASDAQ STX opened at $827.64 on Wednesday. The company has a current ratio of 1.33, a quick ratio of 0.85 and a debt-to-equity ratio of 3.16. Seagate Technology Holdings PLC has a one year low of $138.30 and a one year high of $1,145.00. The business has a 50-day moving average price of $863.76 and a two-hundred day moving average price of $560.15. The firm has a market capitalization of $185.58 billion, a PE ratio of 78.52 and a beta of 2.04.

Seagate Technology (NASDAQ:STX) last posted its quarterly 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 business had revenue of $3.11 billion during the quarter, compared to analyst estimates of $2.96 billion. Seagate Technology had a net margin of 21.60% and a return on equity of 1,005.65%. The firm’s revenue was up 44.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.90 earnings per share. Seagate Technology has set its Q4 2026 guidance at 4.800-5.200 EPS. As a group, analysts predict that Seagate Technology Holdings PLC will post 14.14 earnings per share for the current fiscal year.

Seagate Technology Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 7th. Shareholders of record on Wednesday, June 24th were given a $0.74 dividend. The ex-dividend date was 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 presently 28.08%.

Insider Activity at Seagate Technology

In other news, CEO William D. Mosley sold 9,343 shares of the company’s stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $924.42, for a total value of $8,636,856.06. Following the transaction, the chief executive officer directly owned 311,517 shares of the company’s stock, valued at approximately $287,972,545.14. This represents a 2.91% decrease in their ownership of the stock. 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, EVP Ban Seng Teh sold 989 shares of the stock in a transaction on Friday, June 12th. The stock was sold at an average price of $880.19, for a total value of $870,507.91. Following the sale, the executive vice president owned 4,290 shares of the company’s stock, valued at approximately $3,776,015.10. This represents a 18.73% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 151,069 shares of company stock worth $126,191,753. Corporate insiders own 0.79% of the company’s stock.

Key Headlines Impacting Seagate Technology

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

• Positive Sentiment: Seagate was named a top momentum stock for July, with screens pointing to strong price trends, earnings surprises, and growth expectations. Micron & 2 Momentum Stocks to Buy in July for Explosive Upside
• Positive Sentiment: Analysts said Seagate has the right setup for another earnings beat, pointing to its strong track record of topping estimates. Will Seagate (STX) Beat Estimates Again in Its Next Earnings Report?
• Positive Sentiment: BofA reiterated its Buy rating and raised its price target, reinforcing the view that Seagate can keep benefiting from AI-driven storage demand. Is Seagate (STX) the Best Pick and Shovel AI Stock to Invest In?
• Positive Sentiment: Sector commentary said memory and storage stocks are rebounding as analysts point to attractive entry points, pricing strength, and persistent AI demand. Memory stocks rebound as analysts flag a buying opportunity
• Positive Sentiment: Another sector note argued that Seagate is seeing margin expansion and tight supply conditions, supporting the bullish AI hardware narrative. Flash Crash or Cash? The AI Hardware Reset Investors Can’t Ignore (STX)
• Neutral Sentiment: One valuation-focused article said Seagate has had a huge multi-year run and now trades at a premium, so investors are watching whether the stock has already priced in much of the good news. Seagate (STX) Stock Trades At A Premium As Its 14x Run Tests Fair Value
• Neutral Sentiment: Brokerage consensus remains “Moderate Buy,” which supports sentiment but does not add a fresh near-term catalyst. Seagate Technology Holdings PLC (NASDAQ:STX) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

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.