C2C Wealth Management LLC Has $392,000 Position in Seagate Technology Holdings PLC $STX

C2C Wealth Management LLC lessened its holdings in shares of Seagate Technology Holdings PLC (NASDAQ:STX) by 66.7% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,000 shares of the data storage provider’s stock after selling 2,000 shares during the quarter. C2C Wealth Management LLC’s holdings in Seagate Technology were worth $392,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of STX. Integrated Wealth Concepts LLC grew its holdings in shares of Seagate Technology by 168.0% during the first quarter. Integrated Wealth Concepts LLC now owns 7,177 shares of the data storage provider’s stock valued at $610,000 after buying an additional 4,499 shares during the last quarter. Sivia Capital Partners LLC bought a new position in Seagate Technology in the 2nd quarter valued at about $262,000. Cerity Partners LLC boosted its stake in Seagate Technology by 25.8% during the 2nd quarter. Cerity Partners LLC now owns 36,682 shares of the data storage provider’s stock valued at $5,294,000 after purchasing an additional 7,517 shares during the last quarter. Sei Investments Co. boosted its stake in Seagate Technology by 64.8% during the 2nd quarter. Sei Investments Co. now owns 8,543 shares of the data storage provider’s stock valued at $1,233,000 after purchasing an additional 3,358 shares during the last quarter. Finally, The Manufacturers Life Insurance Company raised its stake in shares of Seagate Technology by 0.4% in the second quarter. The Manufacturers Life Insurance Company now owns 127,887 shares of the data storage provider’s stock worth $18,458,000 after purchasing an additional 462 shares during the last quarter. Institutional investors and hedge funds own 92.87% of the company’s stock.

Seagate Technology News Roundup

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

• Positive Sentiment: Seagate is still being highlighted as an AI data storage beneficiary, with fresh commentary suggesting the company could continue to gain from rising demand for storage tied to AI infrastructure. Seagate (STX) Gets Fresh Backing As An AI Data Storage Winner
• Positive Sentiment: Investor enthusiasm around AI infrastructure remains supportive for the sector after strong forecasts from Micron and Qualcomm sparked a broad rally in chip and memory stocks, reinforcing the bullish case for Seagate’s storage products. Micron and Qualcomm forecasts ignite $400 billion AI chip stock rally
• Neutral Sentiment: Seagate has been one of the market’s biggest AI-related winners this year, and some recent articles argue the stock may still have room to run after its huge year-to-date advance. The smart money agrees that Seagate stock still has room to surge higher
• Neutral Sentiment: Stanley Druckenmiller’s AI infrastructure bets have kept attention on the broader theme, which can indirectly support investor interest in Seagate as part of the AI hardware supply chain. Stanley Druckenmiller Backs These 3 AI Infrastructure Stocks: Should You Follow?
• Negative Sentiment: Sentiment weakened after reports that SK Hynix is slowing high-bandwidth memory expansion, which rattled the AI-chip complex and pressured Seagate along with other memory/storage names. Why Seagate (STX) Stock Is Falling Today
• Negative Sentiment: The stock is also seeing profit-taking after its massive 2026 rally, with investors increasingly questioning whether valuations can keep up with the speed of the move higher.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on STX shares. Sanford C. Bernstein lifted their target price on Seagate Technology from $620.00 to $1,000.00 and gave the company an “outperform” rating in a research report on Wednesday, April 29th. Wall Street Zen upgraded Seagate Technology from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. Bank of America lifted their price objective on shares of Seagate Technology from $900.00 to $1,000.00 in a report on Monday, June 8th. China Renaissance upped their target price on Seagate Technology from $802.00 to $983.00 in a report on Friday, June 12th. Finally, Zacks Research raised Seagate Technology from a “hold” rating to a “strong-buy” rating in a research report on Friday, May 1st. One investment analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $831.79.

Seagate Technology Trading Down 4.5%

Shares of Seagate Technology stock opened at $991.65 on Thursday. The stock has a market capitalization of $222.36 billion, a P/E ratio of 94.08 and a beta of 2.04. Seagate Technology Holdings PLC has a 52-week low of $136.28 and a 52-week high of $1,145.00. The company has a debt-to-equity ratio of 3.16, a quick ratio of 0.85 and a current ratio of 1.33. The stock’s 50-day simple moving average is $801.27 and its 200 day simple moving average is $521.30.

Seagate Technology (NASDAQ:STX) last issued its earnings results on Tuesday, April 28th. The data storage provider reported $4.10 earnings per share for the quarter, topping analysts’ consensus estimates of $3.51 by $0.59. The firm had revenue of $3.11 billion during the quarter, compared to analyst estimates of $2.96 billion. Seagate Technology had a net margin of 21.60% and a return on equity of 1,005.65%. The company’s quarterly revenue was up 44.1% on a year-over-year basis. During the same quarter last year, the business earned $1.90 earnings per share. Seagate Technology has set its Q4 2026 guidance at 4.800-5.200 EPS. As a group, research analysts anticipate that Seagate Technology Holdings PLC will post 14.14 EPS for the current year.

Seagate Technology Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 7th. Investors of record on Wednesday, June 24th will be issued a $0.74 dividend. The ex-dividend date of this dividend is Wednesday, June 24th. This represents a $2.96 annualized dividend and a yield of 0.3%. Seagate Technology’s dividend payout ratio (DPR) is 28.08%.

Insider Buying and Selling at Seagate Technology

In related news, EVP John Christopher Morris sold 5,626 shares of Seagate Technology stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $738.37, for a total value of $4,154,069.62. Following the completion of the transaction, the executive vice president directly owned 11,954 shares in the company, valued at approximately $8,826,474.98. The trade was a 32.00% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Ban Seng Teh sold 8,003 shares of the business’s stock in a transaction on Thursday, May 14th. The shares were sold at an average price of $817.28, for a total transaction of $6,540,691.84. Following the sale, the executive vice president directly owned 3,691 shares in the company, valued at $3,016,580.48. The trade was a 68.44% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 141,069 shares of company stock valued at $107,161,712 in the last quarter. Corporate insiders own 0.79% of the company’s stock.

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.