Jacobsen Capital Management Buys Shares of 660 Seagate Technology Holdings PLC $STX

Jacobsen Capital Management purchased a new position in Seagate Technology Holdings PLC (NASDAQ:STX) during the 1st quarter, Holdings Channel reports. The institutional investor purchased 660 shares of the data storage provider’s stock, valued at approximately $259,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in STX. Salomon & Ludwin LLC boosted its position in shares of Seagate Technology by 124.4% in the 4th quarter. Salomon & Ludwin LLC now owns 92 shares of the data storage provider’s stock worth $27,000 after purchasing an additional 51 shares in the last quarter. Rakuten Securities Inc. increased its position in Seagate Technology by 884.2% during 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 in the last quarter. Armstrong Advisory Group Inc. acquired a new position in Seagate Technology during the 4th quarter valued at about $28,000. Avion Wealth raised its stake in Seagate Technology by 343.5% in the fourth 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 last quarter. Finally, Concord Wealth Partners purchased a new stake in Seagate Technology in the fourth quarter valued at about $28,000. Hedge funds and other institutional investors own 92.87% of the company’s stock.

Seagate Technology Stock Performance

Shares of NASDAQ STX opened at $915.19 on Thursday. The company has a 50 day simple moving average of $843.31 and a two-hundred day simple moving average of $544.68. The stock has a market cap of $205.21 billion, a price-to-earnings ratio of 86.83 and a beta of 2.04. The company has a current ratio of 1.33, a quick ratio of 0.85 and a debt-to-equity ratio of 3.16. Seagate Technology Holdings PLC has a 12 month low of $138.30 and a 12 month high of $1,145.00.

Seagate Technology (NASDAQ:STX) last released its quarterly earnings data 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. Seagate Technology had a net margin of 21.60% and a return on equity of 1,005.65%. The firm had revenue of $3.11 billion for the quarter, compared to analyst estimates of $2.96 billion. During the same quarter in the prior year, the business earned $1.90 earnings per share. The business’s quarterly revenue was up 44.1% compared to the same quarter last year. Seagate Technology has set its Q4 2026 guidance at 4.800-5.200 EPS. As a group, analysts predict that Seagate Technology Holdings PLC will post 14.14 earnings per share for the current year.

Seagate Technology Announces Dividend

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

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on STX shares. China Renaissance boosted their price target on Seagate Technology from $802.00 to $983.00 in a research note on Friday, June 12th. Zacks Research lowered shares of Seagate Technology from a “strong-buy” rating to a “hold” rating in a research report on Monday. Wedbush lifted their target price on shares of Seagate Technology from $700.00 to $825.00 and gave the stock an “outperform” rating in a research note on Monday, April 27th. Morgan Stanley boosted their target price on shares of Seagate Technology from $767.00 to $1,035.00 and gave the stock an “overweight” rating in a research report on Monday, June 15th. Finally, UBS Group lifted their price objective on shares of Seagate Technology from $515.00 to $545.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 29th. Twenty-one analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $880.52.

Key Headlines Impacting Seagate Technology

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

• Positive Sentiment: Bank of America raised its price target on Seagate to $1,150 from $1,000 and reiterated a Buy rating, signaling confidence in further upside tied to AI storage demand and strong data-center fundamentals. Benzinga
• Positive Sentiment: Recent articles highlight Seagate as a strong momentum and long-term growth name, with investors still focused on its AI-driven storage tailwind, HAMR wins, and serial earnings beats. Zacks
• Positive Sentiment: Broader industry coverage remains favorable for storage suppliers as AI infrastructure spending and rising data-center demand keep pricing power and revenue growth in focus. 24/7 Wall St.
• Neutral Sentiment: Seagate was also mentioned in a comparison piece versus Micron, with the debate centered on which AI storage play has more upside rather than any company-specific negative development. Zacks
• Neutral Sentiment: Despite the bullish backdrop, Zacks Research downgraded Seagate from Strong Buy to Hold, suggesting valuation may be stretching after the stock’s huge run. Zacks
• Neutral Sentiment: Seeking Alpha and other commentary noted that while the AI demand story remains intact, some of the stock’s future gains may already be reflected after its sharp year-to-date rally. Seeking Alpha

Insider Buying and Selling

In other news, EVP John Christopher Morris sold 5,626 shares of the company’s stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $738.37, for a total value of $4,154,069.62. Following the sale, the executive vice president owned 11,954 shares in the company, valued at $8,826,474.98. This represents a 32.00% decrease in their ownership of the stock. The sale was disclosed in a 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, EVP Ban Seng Teh sold 8,003 shares of the firm’s stock in a transaction dated 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 sale, the executive vice president directly owned 3,691 shares in the company, valued at approximately $3,016,580.48. This trade represents a 68.44% 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. In the last quarter, insiders sold 121,069 shares of company stock worth $98,747,112. Corporate insiders own 0.79% of the company’s stock.

Seagate Technology 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.