Waverly Advisors LLC Acquires 758 Shares of Seagate Technology Holdings PLC $STX

Waverly Advisors LLC increased its holdings in shares of Seagate Technology Holdings PLC (NASDAQ:STX) by 18.8% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,788 shares of the data storage provider’s stock after purchasing an additional 758 shares during the period. Waverly Advisors LLC’s holdings in Seagate Technology were worth $4,620,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the business. Parkside Financial Bank & Trust lifted its stake in Seagate Technology by 3.6% in the second quarter. Parkside Financial Bank & Trust now owns 1,872 shares of the data storage provider’s stock valued at $1,806,000 after buying an additional 65 shares during the period. Cornerstone Financial Management LLC grew its position in shares of Seagate Technology by 109.7% during the 2nd quarter. Cornerstone Financial Management LLC now owns 65 shares of the data storage provider’s stock worth $63,000 after buying an additional 34 shares during the period. Tucker Asset Management LLC acquired a new stake in shares of Seagate Technology during the 2nd quarter worth approximately $791,000. Advus Financial Partners LLC increased its stake in shares of Seagate Technology by 21.1% in the 2nd quarter. Advus Financial Partners LLC now owns 2,059 shares of the data storage provider’s stock valued at $1,987,000 after acquiring an additional 359 shares in the last quarter. Finally, Groupe la Francaise lifted its position in shares of Seagate Technology by 18,576.9% during the 2nd quarter. Groupe la Francaise now owns 4,856 shares of the data storage provider’s stock valued at $4,671,000 after acquiring an additional 4,830 shares during the period. 92.87% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

STX has been the topic of several research analyst reports. TD Cowen increased their target price 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. Melius Research assumed coverage on shares of Seagate Technology in a research note on Monday, June 29th. They issued a “buy” rating and a $1,600.00 price target for the company. Sanford C. Bernstein reiterated an “outperform” rating and set a $1,350.00 price objective on shares of Seagate Technology in a report on Wednesday, July 29th. Weiss Ratings reissued a “buy (b)” rating on shares of Seagate Technology in a research report on Wednesday, June 24th. Finally, Mizuho raised their target price on Seagate Technology from $875.00 to $1,090.00 and gave the company an “outperform” rating in a research note on Monday, June 8th. One analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $986.00.

More Seagate Technology News

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

• Positive Sentiment: Seagate expects fiscal 2027 revenue growth to exceed fiscal 2026, supported by cloud-computing demand, AI adoption and broader deployment of HAMR-based mass-capacity drives. Can Seagate Sustain Its Strong Revenue Growth in Fiscal 2027?
• Positive Sentiment: Articles highlight Seagate’s HAMR and Mozaic technology roadmap, which is increasing storage capacity and efficiency while positioning the company to benefit from rising data-center requirements. Seagate’s HAMR Bet is Paying Off
• Positive Sentiment: Investor commentary continues to identify Seagate as an AI-infrastructure beneficiary. The company’s recent earnings beat—$5.71 in quarterly EPS versus a $5.10 consensus estimate, with revenue up 48.5% year over year—supports the bullish case. The Two Most Compelling AI Infrastructure Plays Right Now
• Positive Sentiment: Management’s presentations at the Goldman Sachs and Citi technology conferences reinforce market attention on Seagate’s cloud, AI and HAMR opportunities. Goldman Sachs Communacopia + Technology Conference Transcript
• Neutral Sentiment: Seagate completed the redemption of its exchangeable notes, an event that removes a financing obligation but may have limited immediate earnings impact. Seagate Completes Redemption of Exchangeable Notes
• Negative Sentiment: At roughly 62 times earnings and near its historical high, Seagate faces demanding expectations. Commentary about a possible move to $1,000 depends on continued AI demand, successful HAMR execution and sufficient production capacity. Price Prediction: Seagate Stock Will Hit $1000
• Negative Sentiment: The reported short-interest data shows zero shares and a zero-day days-to-cover ratio, but the accompanying “increase” is shown as unavailable, making the data unreliable and offering little useful insight into trading pressure.

Insider Buying and Selling

In other Seagate Technology news, CEO William Mosley sold 30,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of $816.28, for a total transaction of $24,488,400.00. Following the completion of the sale, the chief executive officer directly owned 295,168 shares of the company’s stock, valued at approximately $240,939,735.04. The trade was a 9.23% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Yolanda Conyers sold 750 shares of the stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of $815.11, for a total value of $611,332.50. Following the completion of the sale, the director directly owned 3,351 shares of the company’s stock, valued at approximately $2,731,433.61. This trade represents a 18.29% decrease in their ownership of the stock. 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 181,299 shares of company stock worth $152,971,204 over the last ninety days. Insiders own 0.79% of the company’s stock.

Seagate Technology Stock Performance

NASDAQ STX opened at $862.33 on Friday. The company has a fifty day simple moving average of $848.58 and a 200 day simple moving average of $724.71. Seagate Technology Holdings PLC has a 12-month low of $192.99 and a 12-month high of $1,145.00. The company has a current ratio of 1.67, a quick ratio of 1.17 and a debt-to-equity ratio of 1.56. The company has a market cap of $196.09 billion, a P/E ratio of 62.13 and a beta of 2.06.

Seagate Technology (NASDAQ:STX) last released its quarterly earnings data on Tuesday, July 28th. The data storage provider reported $5.71 earnings per share for the quarter, topping the consensus estimate of $5.10 by $0.61. Seagate Technology had a net margin of 26.11% and a return on equity of 369.98%. The firm had revenue of $3.63 billion for the quarter, compared to the consensus estimate of $3.50 billion. During the same quarter in the prior year, the company posted $2.59 earnings per share. The business’s revenue was up 48.5% on a year-over-year basis. Seagate Technology has set its Q1 2027 guidance at 7.100-7.500 EPS. Sell-side analysts predict that Seagate Technology Holdings PLC will post 35.7 earnings per share for the current fiscal year.

Seagate Technology Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 7th. Stockholders 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 annualized dividend and a dividend yield of 0.3%. Seagate Technology’s payout ratio is presently 21.33%.

Seagate Technology Profile

Seagate Technology Holdings plc is a data storage technology company that develops and manufactures mass-capacity storage solutions for businesses and consumers. Its product portfolio is centered on hard disk drives (HDDs), which are used in cloud data centers, enterprise systems, network-attached storage, video and imaging applications, and personal computing.

The company also offers solid-state drives (SSDs), external storage products, storage systems, and related data-management and recovery services.