Harbor Investment Advisory LLC Has $431,000 Stock Holdings in Seagate Technology Holdings PLC $STX

Harbor Investment Advisory LLC grew its stake in Seagate Technology Holdings PLC (NASDAQ:STX) by 237.7% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,101 shares of the data storage provider’s stock after acquiring an additional 775 shares during the period. Harbor Investment Advisory LLC’s holdings in Seagate Technology were worth $431,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Salomon & Ludwin LLC boosted its position in Seagate Technology by 124.4% during the fourth quarter. Salomon & Ludwin LLC now owns 92 shares of the data storage provider’s stock valued at $27,000 after purchasing an additional 51 shares during the last quarter. Armstrong Advisory Group Inc. acquired a new position in shares of Seagate Technology during the 4th quarter worth approximately $28,000. Concord Wealth Partners bought a new stake in shares of Seagate Technology during the 4th quarter worth approximately $28,000. McMillan Office Inc. bought a new stake in shares of Seagate Technology during the 1st quarter worth approximately $39,000. Finally, Avion Wealth boosted its holdings 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 during the last quarter. Institutional investors and hedge funds own 92.87% of the company’s stock.

Insider Activity at Seagate Technology

In related news, EVP Ban Seng Teh sold 989 shares of Seagate Technology stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $880.19, for a total transaction of $870,507.91. Following the completion of the sale, the executive vice president owned 4,290 shares of the company’s stock, valued at approximately $3,776,015.10. The trade was a 18.73% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP John Christopher Morris sold 1,364 shares of the company’s stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $880.19, for a total transaction of $1,200,579.16. Following the completion of the transaction, the executive vice president owned 12,088 shares in the company, valued at approximately $10,639,736.72. This trade represents a 10.14% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 151,069 shares of company stock worth $126,191,753. 0.79% of the stock is owned by corporate insiders.

Key Stories 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 to $1,150 from $1,000 and kept a buy rating, signaling confidence in upside potential. Benzinga article
• Positive Sentiment: Zacks upgraded Seagate to a Strong Buy, citing improving earnings expectations and strengthening growth momentum. Zacks article
• Positive Sentiment: Zacks also highlighted Seagate as an “incredible growth stock,” pointing to solid growth attributes and strong momentum. Zacks article
• Neutral Sentiment: Several articles noted Seagate’s data-center business is growing quickly, supported by cloud demand, Mozaic adoption, and long-term supply agreements through fiscal 2027. Zacks article
• Negative Sentiment: Shares fell with the broader memory group as traders worried about a possible supply glut; the weakness was described as a sector-wide pullback rather than a company-specific issue. 247WallSt article
• Negative Sentiment: CEO William D. Mosley disclosed two stock sales totaling more than 30,000 shares, which can weigh on sentiment even though both were made under a pre-arranged 10b5-1 trading plan.
• Negative Sentiment: Zacks Research downgraded Seagate from Strong Buy to Hold, creating a small headwind for bullish investor sentiment. Zacks.com article

Seagate Technology Stock Performance

Shares of NASDAQ STX opened at $820.16 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 company has a market capitalization of $183.90 billion, a P/E ratio of 77.81 and a beta of 2.04. Seagate Technology Holdings PLC has a 12 month low of $138.30 and a 12 month high of $1,145.00. The stock has a 50 day moving average of $848.51 and a 200-day moving average of $548.43.

Seagate Technology (NASDAQ:STX) last posted its quarterly earnings results on Tuesday, April 28th. The data storage provider reported $4.10 earnings per share for the quarter, beating 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 analysts’ expectations of $2.96 billion. During the same quarter in the prior year, the business earned $1.90 EPS. 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 predict that Seagate Technology Holdings PLC will post 14.26 EPS for the current year.

Seagate Technology Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 7th. Stockholders of record on Wednesday, June 24th will be given a $0.74 dividend. The ex-dividend date of this dividend is Wednesday, June 24th. This represents a $2.96 annualized dividend and a dividend yield of 0.4%. Seagate Technology’s dividend payout ratio is presently 28.08%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on STX. Melius Research began coverage on shares of Seagate Technology in a research note on Monday. They issued a “buy” rating and a $1,600.00 target price for the company. JPMorgan Chase & Co. upped their price target on shares of Seagate Technology from $775.00 to $920.00 and gave the stock an “overweight” rating in a research report on Thursday, June 11th. BNP Paribas Exane increased their price target on shares of Seagate Technology from $530.00 to $860.00 and gave the company an “outperform” rating in a research note on Wednesday, April 29th. Wells Fargo & Company lifted their price objective on shares of Seagate Technology from $700.00 to $900.00 and gave the company an “equal weight” rating in a research report on Monday, June 1st. Finally, Morgan Stanley boosted their price objective on shares of Seagate Technology from $767.00 to $1,035.00 and gave the stock an “overweight” rating in a research note on Monday, June 15th. Twenty-one investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price 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.