Angeles Wealth Management LLC Sells 847 Shares of Seagate Technology Holdings PLC $STX

Angeles Wealth Management LLC lessened its holdings in shares of Seagate Technology Holdings PLC (NASDAQ:STX) by 22.8% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 2,860 shares of the data storage provider’s stock after selling 847 shares during the period. Angeles Wealth Management LLC’s holdings in Seagate Technology were worth $1,122,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Massachusetts Financial Services Co. MA grew its position in Seagate Technology by 1,510.1% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 2,008,516 shares of the data storage provider’s stock worth $553,125,000 after purchasing an additional 1,883,769 shares during the last quarter. Norges Bank acquired a new position in shares of Seagate Technology during the fourth quarter valued at about $498,363,000. Soroban Capital Partners LP raised its position in shares of Seagate Technology by 1,468.1% during the second quarter. Soroban Capital Partners LP now owns 1,417,600 shares of the data storage provider’s stock valued at $204,602,000 after buying an additional 1,327,197 shares during the last quarter. Deutsche Bank AG lifted its stake in shares of Seagate Technology by 102.0% in the fourth quarter. Deutsche Bank AG now owns 1,599,962 shares of the data storage provider’s stock valued at $440,614,000 after buying an additional 807,962 shares during the period. Finally, National Pension Service grew its position in Seagate Technology by 298.7% during the fourth quarter. National Pension Service now owns 997,223 shares of the data storage provider’s stock worth $274,625,000 after buying an additional 747,102 shares in the last quarter. Institutional investors own 92.87% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on STX. 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. UBS Group raised their price objective on Seagate Technology from $515.00 to $545.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 29th. Morgan Stanley lifted their price objective on Seagate Technology from $767.00 to $1,035.00 and gave the stock an “overweight” rating in a report on Monday, June 15th. BNP Paribas Exane boosted their price objective on Seagate Technology from $530.00 to $860.00 and gave the company an “outperform” rating in a research report on Wednesday, April 29th. Finally, Evercore upped their target price on Seagate Technology from $750.00 to $1,000.00 and gave the company an “outperform” rating in a research note on Tuesday, May 12th. Twenty-two investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $898.52.

Key Headlines Impacting Seagate Technology

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

• Positive Sentiment: Analysts and market commentary highlighted Seagate as one of the AI storage beneficiaries, citing strong revenue outlooks, expanding margins, and earnings growth potential from rising AI-driven data storage demand. Article: Everyone’s Buying NVIDIA, but 2 Smaller AI Stocks Could Soar Higher
• Positive Sentiment: Several articles argued Seagate may be well positioned in the “AI memory war,” with mostly Buy ratings and expectations for further upside as storage demand stays strong. Article: Which Storage Stock Is Best Positioned to Win the AI Memory War? (STX)
• Positive Sentiment: Commentary from investors also praised Seagate’s cost advantage and hyperscaler storage economics, reinforcing the bull case that the company can benefit from large-scale AI infrastructure spending. Article: I Keep Buying Seagate Because It Has One Massive Cost Advantage Others Don’t
• Neutral Sentiment: Seagate said it will report fiscal fourth-quarter and full-year 2026 results on July 28, keeping investors focused on upcoming earnings for confirmation of the growth story. Article: Seagate Technology to Report Fiscal Fourth Quarter and Fiscal Year 2026 Financial Results on July 28, 2026
• Neutral Sentiment: Media coverage noted that Seagate has at times outperformed other stock market peers even when the broader market was weak, suggesting relative strength rather than a company-specific catalyst. Article: Seagate Technology Holdings PLC stock outperforms competitors despite losses on the day
• Negative Sentiment: The tech and semiconductor sectors were broadly lower, and investors continued to rotate away from the AI trade, which can drag Seagate lower even if company fundamentals remain solid. Article: Sector Update: Tech Stocks Fall Thursday Afternoon
• Negative Sentiment: Separate market commentary said the chip-stock slide is not over, with the SOX index under pressure, signaling ongoing weakness across AI-related equities that could weigh on STX. Article: The Chip-Stock Slide Isn’t Over. The AI Trade Is Still Under Pressure.
• Negative Sentiment: The SOX index fell sharply in a recent session, showing that semiconductor weakness is still spreading through the AI ecosystem and weighing on sentiment for related stocks. Article: The SOX Index Fell 16% in Less Than a Month

Seagate Technology Stock Down 10.0%

NASDAQ STX opened at $745.49 on Friday. The company has a current ratio of 1.33, a quick ratio of 0.85 and a debt-to-equity ratio of 3.16. The stock’s 50 day moving average is $886.91 and its two-hundred day moving average is $588.06. The company has a market capitalization of $167.16 billion, a price-to-earnings ratio of 70.73 and a beta of 2.04. Seagate Technology Holdings PLC has a 1-year low of $138.30 and a 1-year high of $1,145.00.

Seagate Technology (NASDAQ:STX) last issued 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 business 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%.Seagate Technology’s quarterly revenue was up 44.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.90 EPS. Seagate Technology has set its Q4 2026 guidance at 4.800-5.200 EPS. Equities analysts forecast 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 disclosed a quarterly dividend, which was paid on Tuesday, July 7th. Shareholders of record on Wednesday, June 24th were paid a dividend of $0.74 per share. This represents a $2.96 annualized dividend and a yield of 0.4%. The ex-dividend date was Wednesday, June 24th. Seagate Technology’s dividend payout ratio is currently 28.08%.

Insider Buying and Selling

In related news, 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 transaction of $4,154,069.62. Following the completion of the sale, the executive vice president owned 11,954 shares in the company, valued at $8,826,474.98. This trade represents a 32.00% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Gianluca Romano sold 22,488 shares of Seagate Technology stock in a transaction dated Wednesday, May 6th. The shares were sold at an average price of $774.22, for a total transaction of $17,410,659.36. Following the transaction, the chief financial officer directly owned 42,847 shares of the company’s stock, valued at $33,173,004.34. This represents a 34.42% 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 three months, insiders have sold 151,069 shares of company stock valued at $126,191,753. 0.79% of the stock is owned by insiders.

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.