Seagate Technology Holdings PLC $STX Shares Sold by Kwmg LLC

Kwmg LLC cut its stake in shares of Seagate Technology Holdings PLC (NASDAQ:STX) by 10.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 43,371 shares of the data storage provider’s stock after selling 4,893 shares during the quarter. Seagate Technology accounts for 3.0% of Kwmg LLC’s portfolio, making the stock its 6th largest holding. Kwmg LLC’s holdings in Seagate Technology were worth $41,853,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of STX. PFA Pension Forsikringsaktieselskab purchased a new stake in Seagate Technology during the fourth quarter valued at about $23,882,000. New York State Teachers Retirement System increased its position in shares of Seagate Technology by 5.0% in the fourth quarter. New York State Teachers Retirement System now owns 187,044 shares of the data storage provider’s stock worth $51,510,000 after acquiring an additional 8,991 shares in the last quarter. Praxis Investment Management Inc. raised its holdings in shares of Seagate Technology by 56.5% during the fourth quarter. Praxis Investment Management Inc. now owns 6,615 shares of the data storage provider’s stock valued at $1,822,000 after acquiring an additional 2,389 shares during the period. Sumitomo Mitsui Trust Group Inc. raised its holdings in shares of Seagate Technology by 1.2% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 518,806 shares of the data storage provider’s stock valued at $142,874,000 after acquiring an additional 6,028 shares during the period. Finally, Ritholtz Wealth Management lifted its position in shares of Seagate Technology by 64.5% in the 4th quarter. Ritholtz Wealth Management now owns 21,321 shares of the data storage provider’s stock valued at $5,872,000 after acquiring an additional 8,358 shares in the last quarter. 92.87% of the stock is currently owned by institutional investors and hedge funds.

Seagate Technology Stock Down 4.7%

Seagate Technology stock opened at $812.76 on Friday. Seagate Technology Holdings PLC has a twelve month low of $148.56 and a twelve month high of $1,145.00. The company has a debt-to-equity ratio of 1.56, a quick ratio of 1.17 and a current ratio of 1.67. The firm has a market cap of $184.21 billion, a PE ratio of 58.56 and a beta of 2.06. The firm’s 50 day moving average price is $894.71 and its two-hundred day moving average price is $645.87.

Seagate Technology (NASDAQ:STX) last issued its earnings results on Tuesday, July 28th. The data storage provider reported $5.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.10 by $0.61. Seagate Technology had a net margin of 26.11% and a return on equity of 369.98%. The company had revenue of $3.63 billion during the quarter, compared to analyst estimates of $3.50 billion. During the same quarter last year, the business posted $2.59 EPS. The company’s revenue for the quarter was up 48.5% on a year-over-year basis. Seagate Technology has set its Q1 2027 guidance at 7.100-7.500 EPS. On average, research analysts predict that Seagate Technology Holdings PLC will post 33.08 EPS for the current fiscal year.

Seagate Technology Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 7th. Investors of record on Thursday, September 24th will be given a dividend of $0.74 per share. The ex-dividend date of this dividend is Thursday, September 24th. This represents a $2.96 dividend on an annualized basis and a yield of 0.4%. Seagate Technology’s dividend payout ratio (DPR) is presently 21.33%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. TD Cowen raised their price objective on shares of Seagate Technology from $850.00 to $1,000.00 and gave the stock a “buy” rating in a research note on Wednesday, July 29th. Argus increased their target price on Seagate Technology from $750.00 to $900.00 and gave the company a “buy” rating in a report on Thursday, July 30th. Susquehanna raised their target price on Seagate Technology from $775.00 to $875.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 29th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Seagate Technology in a research report on Wednesday, June 24th. Finally, Wedbush lifted their price target on Seagate Technology from $825.00 to $1,000.00 and gave the company an “outperform” rating in a report on Wednesday, July 29th. One analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, Seagate Technology currently has a consensus rating of “Moderate Buy” and a consensus price target of $986.00.

Insider Activity

In other Seagate Technology news, EVP John Christopher Morris sold 168 shares of the business’s stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $817.76, for a total value of $137,383.68. Following the transaction, the executive vice president owned 11,920 shares in the company, valued at $9,747,699.20. The trade was a 1.39% decrease in their ownership of the stock. 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, CEO William D. Mosley sold 17,080 shares of the company’s stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $827.30, for a total value of $14,130,284.00. Following the completion of the transaction, the chief executive officer directly owned 295,517 shares in the company, valued at approximately $244,481,214.10. The trade was a 5.46% 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. In the last quarter, insiders have sold 149,638 shares of company stock valued at $126,692,095. 0.79% of the stock is currently owned by company insiders.

More Seagate Technology News

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

• Positive Sentiment: Analysts raised Seagate’s estimated fair value from $959.48 to $1,115.87, citing stronger hard-drive pricing power, AI-related storage demand, and improving expectations for margins and cash generation. Seagate stock fair value rises after analysts lift storage demand
• Positive Sentiment: Jim Cramer argued that Seagate’s recent earnings were not poor, reinforcing the view that the company remains a beneficiary of AI-related demand. Seagate previously exceeded quarterly earnings and revenue expectations and issued strong forward EPS guidance. Jim Cramer discusses Seagate earnings
• Neutral Sentiment: Seagate remains one of the growth stocks highlighted for August, with analysts pointing to continued AI-driven demand as a potential long-term opportunity. Top-ranked growth stocks for August
• Negative Sentiment: Western Digital’s earnings beat was overshadowed by guidance that failed to meet extremely high investor expectations. Because Seagate and Western Digital compete in hard-disk drives, the disappointment triggered broader selling across memory and storage stocks. Why Western Digital stock is sinking
• Negative Sentiment: Shares across the sector, including Seagate, Western Digital, Sandisk, Micron and SK Hynix, continued to weaken as investors questioned whether AI-related memory demand and pricing can sustain current valuations.
• Negative Sentiment: SK Hynix’s approval of roughly $38 billion for two new memory fabrication plants heightened concerns about future capacity expansion, capital spending and a possible oversupply cycle in 2027. SK Hynix approves new memory fabs

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.