Range Financial Group LLC Acquires 8,341 Shares of Seagate Technology Holdings PLC $STX

Range Financial Group LLC raised its holdings in Seagate Technology Holdings PLC (NASDAQ:STX) by 185.3% during the first quarter, HoldingsChannel.com reports. The fund owned 12,842 shares of the data storage provider’s stock after purchasing an additional 8,341 shares during the period. Seagate Technology makes up about 1.7% of Range Financial Group LLC’s holdings, making the stock its 7th biggest holding. Range Financial Group LLC’s holdings in Seagate Technology were worth $5,031,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of STX. SkyOak Wealth LLC bought a new position in shares of Seagate Technology in the first quarter worth about $283,000. Kestra Advisory Services LLC grew its holdings in shares of Seagate Technology by 15.4% during the 1st quarter. Kestra Advisory Services LLC now owns 23,691 shares of the data storage provider’s stock valued at $9,281,000 after purchasing an additional 3,159 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. increased its position in Seagate Technology by 0.7% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 522,344 shares of the data storage provider’s stock worth $204,633,000 after purchasing an additional 3,538 shares in the last quarter. Resona Asset Management Co. Ltd. increased its position in Seagate Technology by 3.8% during the 1st quarter. Resona Asset Management Co. Ltd. now owns 55,825 shares of the data storage provider’s stock worth $21,870,000 after purchasing an additional 2,069 shares in the last quarter. Finally, CFS Investment Advisory Services LLC bought a new position in Seagate Technology in the 1st quarter valued at approximately $170,000. Institutional investors and hedge funds own 92.87% of the company’s stock.

Insider Buying and Selling

In related news, EVP Ban Seng Teh sold 8,003 shares of Seagate Technology stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $817.28, for a total value of $6,540,691.84. Following the transaction, the executive vice president directly owned 3,691 shares of the company’s stock, valued at $3,016,580.48. The trade was a 68.44% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, 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 the company’s stock in a transaction that occurred on Wednesday, May 6th. The shares were sold at an average price of $774.22, for a total value of $17,410,659.36. Following the completion of the sale, the chief financial officer owned 42,847 shares in the company, valued at $33,173,004.34. The trade was a 34.42% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 151,069 shares of company stock valued at $126,191,753 in the last ninety days. Insiders own 0.79% of the company’s stock.

Key Stories Impacting Seagate Technology

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

• Positive Sentiment: Seagate and other storage names are rebounding after a sector selloff as investors refocus on AI-driven data center spending and storage demand. Seagate (STX) Stock Rebounds As AI Data Center Demand Lifts Storage Names
• Positive Sentiment: Analysts raised Seagate’s fair value estimate to $959.48 per share from $847.68, citing tighter HDD supply, AI storage demand, and pricing power from contract renewals. Seagate (STX) Stock Fair Value Rises After AI Storage Driven Analyst Target Increases
• Positive Sentiment: Recent market commentary says Seagate’s sharp run may not be over, with AI infrastructure demand and hyperscaler storage needs continuing to support the stock’s long-term story. Seagate’s 485% Run Isn’t Over and Our Target Proves It
• Neutral Sentiment: Susquehanna raised its price target to $775 from $615 but kept a neutral rating, suggesting the stock may already reflect some of the good news. Seagate Technology had its price target raised by Susquehanna from $615.00 to $775.00.
• Neutral Sentiment: Additional coverage and momentum-screen mentions from Zacks and other outlets reinforce that STX remains a favored AI/storage trade, though these are more supportive than catalyst-driven. AI Storage Tailwinds Lift STX Shares 506% in a Year: More Upside Left?

Analyst Upgrades and Downgrades

STX has been the topic of a number of research analyst reports. Fox Advisors lowered shares of Seagate Technology from an “overweight” rating to an “equal weight” rating in a research report on Monday, June 22nd. Weiss Ratings reiterated a “buy (b)” rating on shares of Seagate Technology in a research note on Wednesday, June 24th. Susquehanna raised their price objective on Seagate Technology from $615.00 to $775.00 and gave the company a “neutral” rating in a report on Wednesday. Argus boosted their price objective on Seagate Technology from $450.00 to $750.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Finally, Wells Fargo & Company upped their target price on Seagate Technology from $700.00 to $900.00 and gave the stock an “equal weight” rating in a report on Monday, June 1st. Twenty-one research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $886.92.

Seagate Technology Stock Performance

Shares of Seagate Technology stock opened at $890.09 on Friday. The stock has a market cap of $199.58 billion, a price-to-earnings ratio of 84.45 and a beta of 2.04. Seagate Technology Holdings PLC has a twelve month low of $138.30 and a twelve month high of $1,145.00. The company’s fifty day moving average is $875.26 and its 200 day moving average is $568.33. The company has a quick ratio of 0.85, a current ratio of 1.33 and a debt-to-equity ratio of 3.16.

Seagate Technology (NASDAQ:STX) last announced its earnings results on Tuesday, April 28th. The data storage provider reported $4.10 earnings per share (EPS) for the quarter, topping the consensus estimate 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 return on equity of 1,005.65% and a net margin of 21.60%.Seagate Technology’s revenue for the quarter was up 44.1% compared to the same quarter last year. During the same period last year, the company earned $1.90 EPS. Seagate Technology has set its Q4 2026 guidance at 4.800-5.200 EPS. Sell-side analysts forecast that Seagate Technology Holdings PLC will post 14.14 EPS for the current year.

Seagate Technology Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 7th. Stockholders of record on Wednesday, June 24th were given a dividend of $0.74 per share. This represents a $2.96 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date was Wednesday, June 24th. Seagate Technology’s dividend payout ratio (DPR) is 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.