SkyOak Wealth LLC Takes Position in Seagate Technology Holdings PLC $STX

SkyOak Wealth LLC purchased a new stake in shares of Seagate Technology Holdings PLC (NASDAQ:STX) during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 723 shares of the data storage provider’s stock, valued at approximately $283,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. State Street Corp lifted its position in shares of Seagate Technology by 1.0% during the 4th quarter. State Street Corp now owns 9,370,805 shares of the data storage provider’s stock worth $2,587,535,000 after buying an additional 94,527 shares in the last quarter. Morgan Stanley increased its position in shares of Seagate Technology by 5.1% during the fourth quarter. Morgan Stanley now owns 5,317,516 shares of the data storage provider’s stock valued at $1,464,391,000 after acquiring an additional 258,151 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Seagate Technology by 5.0% during the fourth quarter. Geode Capital Management LLC now owns 4,896,815 shares of the data storage provider’s stock valued at $1,343,683,000 after acquiring an additional 234,436 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in Seagate Technology by 8.3% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,193,063 shares of the data storage provider’s stock worth $879,338,000 after acquiring an additional 243,551 shares during the period. Finally, Massachusetts Financial Services Co. MA lifted its holdings in Seagate Technology by 1,510.1% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 2,008,516 shares of the data storage provider’s stock worth $553,125,000 after acquiring an additional 1,883,769 shares during the period. 92.87% of the stock is currently owned by hedge funds and other institutional investors.

Seagate Technology Price Performance

NASDAQ STX opened at $890.09 on Friday. The company has a market cap of $199.58 billion, a PE ratio of 84.45 and a beta of 2.04. Seagate Technology Holdings PLC has a 52 week low of $138.30 and a 52 week high of $1,145.00. The company has a quick ratio of 0.85, a current ratio of 1.33 and a debt-to-equity ratio of 3.16. The firm’s 50-day simple moving average is $875.26 and its two-hundred day simple moving average is $568.33.

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. 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 during the quarter, compared to analyst estimates of $2.96 billion. During the same quarter last year, the business earned $1.90 earnings per share. The company’s quarterly revenue was up 44.1% on a year-over-year basis. Seagate Technology has set its Q4 2026 guidance at 4.800-5.200 EPS. Research analysts predict that Seagate Technology Holdings PLC will post 14.14 earnings per share for the current year.

Seagate Technology Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 7th. Investors of record on Wednesday, June 24th were issued a $0.74 dividend. The ex-dividend date of this dividend was 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%.

Analysts Set New Price Targets

STX has been the subject of a number of recent analyst reports. Fox Advisors downgraded Seagate Technology from an “overweight” rating to an “equal weight” rating in a research note on Monday, June 22nd. Cantor Fitzgerald lifted their target price on Seagate Technology from $1,000.00 to $1,300.00 and gave the stock an “overweight” rating in a research note on Monday, June 29th. Argus boosted their price target on shares of Seagate Technology from $450.00 to $750.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. Mizuho increased their price target on shares of Seagate Technology from $875.00 to $1,090.00 and gave the company an “outperform” rating in a research report on Monday, June 8th. Finally, China Renaissance raised their price objective on shares of Seagate Technology from $802.00 to $983.00 in a report on Friday, June 12th. Twenty-one investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $886.92.

Insider Buying and Selling at Seagate Technology

In other Seagate Technology news, CEO William D. Mosley sold 30,000 shares of the business’s stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $751.29, for a total transaction of $22,538,700.00. Following the sale, the chief executive officer owned 339,591 shares of the company’s stock, valued at $255,131,322.39. The trade was a 8.12% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Gianluca Romano sold 22,488 shares of the stock in a transaction on 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 sale, the chief financial officer owned 42,847 shares in the company, valued at approximately $33,173,004.34. This represents a 34.42% decrease in their position. 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 have sold a total of 151,069 shares of company stock valued at $126,191,753 over the last 90 days. 0.79% of the stock is currently owned by corporate insiders.

Key Stories Impacting Seagate Technology

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

• Positive Sentiment: Seagate and other storage names are rebounding after a sector selloff as investors refocus on AI-driven data center spending and storage demand. Seagate (STX) Stock Rebounds As AI Data Center Demand Lifts Storage Names
• Positive Sentiment: Analysts raised Seagate’s fair value estimate to $959.48 per share from $847.68, citing tighter HDD supply, AI storage demand, and pricing power from contract renewals. Seagate (STX) Stock Fair Value Rises After AI Storage Driven Analyst Target Increases
• Positive Sentiment: Recent market commentary says Seagate’s sharp run may not be over, with AI infrastructure demand and hyperscaler storage needs continuing to support the stock’s long-term story. Seagate’s 485% Run Isn’t Over and Our Target Proves It
• Neutral Sentiment: Susquehanna raised its price target to $775 from $615 but kept a neutral rating, suggesting the stock may already reflect some of the good news. Seagate Technology had its price target raised by Susquehanna from $615.00 to $775.00.
• Neutral Sentiment: Additional coverage and momentum-screen mentions from Zacks and other outlets reinforce that STX remains a favored AI/storage trade, though these are more supportive than catalyst-driven. AI Storage Tailwinds Lift STX Shares 506% in a Year: More Upside Left?

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.