Seagate Technology Holdings PLC $STX Shares Sold by Kestra Private Wealth Services LLC

Kestra Private Wealth Services LLC trimmed its holdings in shares of Seagate Technology Holdings PLC (NASDAQ:STX) by 2.5% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,157 shares of the data storage provider’s stock after selling 589 shares during the period. Kestra Private Wealth Services LLC’s holdings in Seagate Technology were worth $9,072,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of STX. Gateway Investment Advisers LLC lifted its position in shares of Seagate Technology by 1.8% in the fourth quarter. Gateway Investment Advisers LLC now owns 1,399 shares of the data storage provider’s stock valued at $385,000 after acquiring an additional 25 shares in the last quarter. Trajan Wealth LLC raised its stake in Seagate Technology by 1.9% in the 4th quarter. Trajan Wealth LLC now owns 1,325 shares of the data storage provider’s stock valued at $365,000 after purchasing an additional 25 shares during the last quarter. Fortis Capital Management LLC raised its stake in Seagate Technology by 1.1% in the 4th quarter. Fortis Capital Management LLC now owns 2,557 shares of the data storage provider’s stock valued at $704,000 after purchasing an additional 27 shares during the last quarter. EWA LLC lifted its holdings in Seagate Technology by 2.1% in the 4th quarter. EWA LLC now owns 1,370 shares of the data storage provider’s stock valued at $377,000 after purchasing an additional 28 shares in the last quarter. Finally, Icon Wealth Advisors LLC boosted its stake in shares of Seagate Technology by 2.7% during the 4th quarter. Icon Wealth Advisors LLC now owns 1,060 shares of the data storage provider’s stock worth $292,000 after purchasing an additional 28 shares during the last quarter. 92.87% of the stock is currently owned by institutional investors and hedge funds.

Key Seagate Technology News

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

• Positive Sentiment: Micron’s blowout results and strong AI-driven demand are lifting the entire memory/storage complex, including Seagate. Micron and Qualcomm forecasts ignite $400 billion AI chip stock rally
• Positive Sentiment: Analysts and market commentary are highlighting Seagate as an AI infrastructure winner with improving pricing power and durable earnings potential. Seagate (STX) Gets Fresh Backing As An AI Data Storage Winner
• Positive Sentiment: Investor coverage is also pointing to Apple’s warning about rising memory costs as evidence of a broader storage shortage, which could support pricing for Seagate and peers. Apple Just Handed These 4 Memory Stocks Their Best News of the Year
• Neutral Sentiment: Short-interest data showed no meaningful short position change, so this does not appear to be a major near-term driver for the stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. Rosenblatt Securities lifted their price target on shares of Seagate Technology from $500.00 to $1,000.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th. Wedbush raised their target price on shares of Seagate Technology from $700.00 to $825.00 and gave the stock an “outperform” rating in a research report on Monday, April 27th. Morgan Stanley lifted their target price 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. Mizuho boosted their price target on Seagate Technology from $875.00 to $1,090.00 and gave the company an “outperform” rating in a report on Monday, June 8th. Finally, UBS Group increased their price target on Seagate Technology from $515.00 to $545.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $831.79.

Insider Buying and Selling at Seagate Technology

In related news, 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 transaction, the executive vice president directly owned 4,290 shares of the company’s stock, valued at approximately $3,776,015.10. This trade represents a 18.73% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Gianluca Romano sold 903 shares of Seagate Technology stock in a transaction on Friday, June 12th. The shares were sold at an average price of $880.19, for a total value of $794,811.57. Following the completion of the transaction, the chief financial officer owned 42,860 shares in the company, valued at $37,724,943.40. The trade was a 2.06% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 141,069 shares of company stock worth $107,161,712. 0.79% of the stock is currently owned by company insiders.

Seagate Technology Trading Up 3.2%

Shares of STX stock opened at $1,025.36 on Friday. The firm’s 50-day simple moving average is $811.11 and its 200-day simple moving average is $526.55. 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 Holdings PLC has a 1-year low of $138.00 and a 1-year high of $1,145.00. The firm has a market cap of $229.92 billion, a P/E ratio of 97.28 and a beta of 2.04.

Seagate Technology (NASDAQ:STX) last released its 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. Seagate Technology had a net margin of 21.60% and a return on equity of 1,005.65%. The firm had revenue of $3.11 billion during the quarter, compared to the consensus estimate of $2.96 billion. During the same period in the previous year, the firm earned $1.90 earnings per share. Seagate Technology’s revenue was up 44.1% compared to the same quarter last year. Seagate Technology has set its Q4 2026 guidance at 4.800-5.200 EPS. As a group, equities analysts forecast that Seagate Technology Holdings PLC will post 14.1 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 paid a dividend of $0.74 per share. The ex-dividend date of this dividend is Wednesday, June 24th. This represents a $2.96 annualized dividend and a dividend yield of 0.3%. Seagate Technology’s payout ratio is currently 28.08%.

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.