Triton Wealth Management PLLC Invests $190,000 in Seagate Technology Holdings PLC $STX

Triton Wealth Management PLLC purchased a new position in shares of Seagate Technology Holdings PLC (NASDAQ:STX) during the 4th quarter, HoldingsChannel.com reports. The fund purchased 690 shares of the data storage provider’s stock, valued at approximately $190,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Salomon & Ludwin LLC raised its holdings in Seagate Technology by 124.4% in the 4th quarter. Salomon & Ludwin LLC now owns 92 shares of the data storage provider’s stock valued at $27,000 after buying an additional 51 shares during the period. Rakuten Securities Inc. raised its holdings in Seagate Technology by 884.2% in the 2nd quarter. Rakuten Securities Inc. now owns 187 shares of the data storage provider’s stock valued at $27,000 after buying an additional 168 shares during the period. Armstrong Advisory Group Inc. purchased a new stake in Seagate Technology in the 4th quarter valued at about $28,000. Avion Wealth raised its holdings in 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 period. Finally, Concord Wealth Partners purchased a new stake in Seagate Technology in the 4th quarter valued at about $28,000. 92.87% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, EVP John Christopher Morris sold 5,626 shares of the business’s stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $738.37, for a total transaction of $4,154,069.62. Following the completion of the transaction, the executive vice president directly owned 11,954 shares of the company’s stock, valued at approximately $8,826,474.98. The trade was a 32.00% decrease in their ownership of the stock. 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 22,488 shares of the business’s stock in a transaction dated Wednesday, May 6th. The stock was sold at an average price of $774.22, for a total value of $17,410,659.36. Following the transaction, the chief financial officer directly owned 42,847 shares of the company’s stock, valued at approximately $33,173,004.34. This represents a 34.42% 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. Insiders sold a total of 118,283 shares of company stock worth $65,989,618 over the last 90 days. 0.79% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on STX. BNP Paribas Exane boosted their price objective on shares of Seagate Technology from $530.00 to $860.00 and gave the company an “outperform” rating in a report on Wednesday, April 29th. Wedbush boosted their price objective on shares of Seagate Technology from $700.00 to $825.00 and gave the company an “outperform” rating in a report on Monday, April 27th. UBS Group boosted their price objective on shares of Seagate Technology from $515.00 to $545.00 and gave the company a “neutral” rating in a report on Wednesday, April 29th. Barclays boosted their price objective on shares of Seagate Technology from $625.00 to $750.00 and gave the company an “overweight” rating in a report on Wednesday, April 29th. Finally, The Goldman Sachs Group boosted their price objective on shares of Seagate Technology from $385.00 to $700.00 and gave the company a “buy” rating in a report on Wednesday, April 29th. One research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $719.54.

Seagate Technology Stock Performance

NASDAQ STX opened at $804.76 on Friday. The company has a market cap of $180.45 billion, a P/E ratio of 76.35 and a beta of 1.98. The company has a debt-to-equity ratio of 3.16, a current ratio of 1.33 and a quick ratio of 0.85. The stock has a 50-day moving average of $517.83 and a two-hundred day moving average of $390.41. Seagate Technology Holdings PLC has a 1-year low of $103.73 and a 1-year high of $841.31.

Seagate Technology (NASDAQ:STX) last released its earnings results on Tuesday, April 28th. The data storage provider reported $4.10 earnings per share for the quarter, beating the consensus estimate of $3.51 by $0.59. The company had revenue of $3.11 billion during the quarter, compared to the consensus estimate 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 was up 44.1% compared to the same quarter last year. During the same period in the previous year, the company posted $1.90 EPS. Seagate Technology has set its Q4 2026 guidance at 4.800-5.200 EPS. As a group, analysts anticipate that Seagate Technology Holdings PLC will post 14.1 EPS for the current year.

Seagate Technology Announces Dividend

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

More Seagate Technology News

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

• Positive Sentiment: Evercore and other analysts raised their price targets on Seagate, citing HAMR adoption, strong AI-related storage demand, and improving growth prospects. Article Title
• Positive Sentiment: Recent coverage highlighted booming AI-led storage demand and strong free cash flow, which supports the case for continued upside in Seagate’s earnings power. Article Title
• Neutral Sentiment: Seagate announced the planned retirement of Lead Independent Director Mike Cannon, a governance change that could raise some questions but does not directly alter the company’s operating outlook. Article Title
• Negative Sentiment: EVP Ban Seng Teh sold a large block of shares under a pre-arranged 10b5-1 plan, which may weigh on sentiment even though the sale was scheduled in advance. Article Title

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.