Berman McAleer LLC Sells 814 Shares of Seagate Technology Holdings PLC $STX

Berman McAleer LLC trimmed its position in Seagate Technology Holdings PLC (NASDAQ:STX) by 55.2% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 661 shares of the data storage provider’s stock after selling 814 shares during the quarter. Berman McAleer LLC’s holdings in Seagate Technology were worth $259,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of STX. Salomon & Ludwin LLC raised its position in Seagate Technology by 124.4% in the fourth quarter. Salomon & Ludwin LLC now owns 92 shares of the data storage provider’s stock worth $27,000 after purchasing an additional 51 shares in the last quarter. Armstrong Advisory Group Inc. acquired a new stake in Seagate Technology during the fourth quarter valued at approximately $28,000. Concord Wealth Partners acquired a new stake in Seagate Technology during the fourth 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 purchasing an additional 79 shares during the period. Finally, Quarry LP bought a new stake in shares of Seagate Technology in the 4th quarter valued at approximately $31,000. 92.87% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on STX shares. Susquehanna raised their target price on Seagate Technology from $485.00 to $615.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 29th. JPMorgan Chase & Co. upped their price target on Seagate Technology from $775.00 to $920.00 and gave the company an “overweight” rating in a research report on Thursday, June 11th. Wells Fargo & Company increased 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. Bank of America lifted their price objective on Seagate Technology from $900.00 to $1,000.00 in a report on Monday, June 8th. Finally, Morgan Stanley boosted their target price on shares of Seagate Technology from $767.00 to $1,035.00 and gave the company an “overweight” rating in a research note on Monday, June 15th. One investment analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $831.79.

Insider Activity at Seagate Technology

In related news, EVP Ban Seng Teh sold 8,003 shares of the business’s stock in a transaction that occurred on Thursday, May 14th. The shares were sold at an average price of $817.28, for a total value of $6,540,691.84. Following the completion of the transaction, the executive vice president owned 3,691 shares in the company, valued at $3,016,580.48. The trade was a 68.44% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO William D. Mosley sold 30,000 shares of the company’s stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $751.29, for a total value of $22,538,700.00. Following the transaction, the chief executive officer directly owned 339,591 shares in the company, valued at approximately $255,131,322.39. This represents a 8.12% decrease in their position. 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 a total of 141,069 shares of company stock valued at $107,161,712 over the last ninety days. Company insiders own 0.79% of the company’s stock.

Seagate Technology Price Performance

Seagate Technology stock opened at $1,038.59 on Wednesday. The business’s fifty day moving average is $791.71 and its two-hundred day moving average is $516.18. The company has a debt-to-equity ratio of 3.16, a quick ratio of 0.85 and a current ratio of 1.33. The firm has a market cap of $232.88 billion, a P/E ratio of 98.54 and a beta of 2.04. Seagate Technology Holdings PLC has a 52 week low of $133.85 and a 52 week high of $1,145.00.

Seagate Technology (NASDAQ:STX) last released its quarterly earnings results on Tuesday, April 28th. The data storage provider reported $4.10 earnings per share (EPS) for the quarter, beating 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%.The firm’s revenue for the quarter was up 44.1% compared to the same quarter last year. During the same period in the previous year, the business posted $1.90 earnings per share. Seagate Technology has set its Q4 2026 guidance at 4.800-5.200 EPS. Equities research analysts forecast that Seagate Technology Holdings PLC will post 14.14 earnings per share for the current fiscal year.

Seagate Technology Announces Dividend

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

Key Seagate Technology News

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

• Positive Sentiment: Mizuho raised its price target on Seagate to $1,090 from $875 and kept an Outperform rating, citing higher estimates after the company’s AI-related results, which supports the bull case for continued upside. Mizuho Lifts PT on Seagate Technology Holdings (STX)
• Positive Sentiment: Multiple articles highlighted Seagate as a top AI memory/storage stock, with investors focusing on strong demand for nearline hard drives and data storage needed for AI workloads, a theme that has helped drive the stock’s sharp rally. Mizuho Lifts PT on Seagate Technology Holdings (STX)
• Neutral Sentiment: Commentary from 247WallSt noted that Seagate’s valuation now looks stretched after its parabolic run, and suggested the risk/reward is less attractive without a pullback, which may temper enthusiasm even though the longer-term AI story remains intact. Buy, Hold, or Sell: Wall Street Fears Tech Compression, but This AI Storage Monster Has a Hidden Weapon
• Neutral Sentiment: Market chatter also focused on how much further STX can rally after rising roughly 290% year to date, indicating strong momentum but also raising expectations that could limit near-term gains. Up 290% YTD, How High Can Seagate Rally?
• Negative Sentiment: Fox Advisors downgraded Seagate from Overweight to Equal Weight, suggesting some analysts think much of the good news is already reflected in the stock price. Finviz downgrade mention
• Negative Sentiment: A broader selloff in memory-related stocks briefly pressured sentiment across the group, as investors reacted to macro and geopolitical risk; that kind of weakness can spill over into Seagate even when the company-specific outlook remains strong. Memory Stock Rout Hits Popular DRAM ETF

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.