Frisch Financial Group Inc. Has $271,000 Position in Seagate Technology Holdings PLC $STX

Frisch Financial Group Inc. lessened its holdings in shares of Seagate Technology Holdings PLC (NASDAQ:STX) by 59.3% in the first quarter, Holdings Channel.com reports. The fund owned 691 shares of the data storage provider’s stock after selling 1,005 shares during the quarter. Frisch Financial Group Inc.’s holdings in Seagate Technology were worth $271,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Independent Financial Group LLC bought a new position in shares of Seagate Technology in the 1st quarter worth $3,116,000. Aware Super Pty Ltd as trustee of Aware Super bought a new stake in Seagate Technology in the first quarter valued at about $229,000. Wealthfront Advisers LLC increased its holdings in Seagate Technology by 17.8% in the first quarter. Wealthfront Advisers LLC now owns 52,350 shares of the data storage provider’s stock valued at $20,509,000 after purchasing an additional 7,899 shares during the last quarter. D.A. Davidson & CO. lifted its stake in Seagate Technology by 3.4% in the first quarter. D.A. Davidson & CO. now owns 5,287 shares of the data storage provider’s stock valued at $2,071,000 after buying an additional 176 shares during the period. Finally, Sharpepoint LLC acquired a new position in Seagate Technology in the first quarter valued at about $4,071,000. Institutional investors own 92.87% of the company’s stock.

Seagate Technology Trading Down 10.0%

Shares of NASDAQ:STX opened at $745.49 on Friday. Seagate Technology Holdings PLC has a 12 month low of $138.30 and a 12 month 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 company’s fifty day simple moving average is $886.91 and its 200 day simple moving average is $588.06. The firm has a market cap of $167.16 billion, a price-to-earnings ratio of 70.73 and a beta of 2.04.

Seagate Technology (NASDAQ:STX) last posted its quarterly earnings data on Tuesday, April 28th. The data storage provider reported $4.10 EPS for the quarter, beating the consensus estimate of $3.51 by $0.59. The business had revenue of $3.11 billion for the quarter, compared to analysts’ expectations of $2.96 billion. Seagate Technology had a net margin of 21.60% and a return on equity of 1,005.65%. The firm’s revenue was up 44.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.90 EPS. Seagate Technology has set its Q4 2026 guidance at 4.800-5.200 EPS. As a group, research analysts forecast that Seagate Technology Holdings PLC will post 14.14 EPS for the current fiscal year.

Seagate Technology Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 7th. Stockholders of record on Wednesday, June 24th were issued a $0.74 dividend. This represents a $2.96 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date was Wednesday, June 24th. Seagate Technology’s payout ratio is 28.08%.

Insider Transactions at Seagate Technology

In related news, EVP Ban Seng Teh sold 8,003 shares of Seagate Technology stock in a transaction that occurred on 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 owned 3,691 shares of the company’s stock, valued at approximately $3,016,580.48. This trade represents a 68.44% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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 that occurred on Wednesday, May 6th. The shares were sold at an average price of $774.22, for a total value of $17,410,659.36. Following the completion of the sale, the chief financial officer owned 42,847 shares in the company, valued at $33,173,004.34. The trade was a 34.42% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 151,069 shares of company stock valued at $126,191,753 over the last three months. 0.79% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

STX has been the subject of several analyst reports. Mizuho boosted their target price on Seagate Technology from $875.00 to $1,090.00 and gave the stock an “outperform” rating in a research report on Monday, June 8th. Citigroup upped their price target on Seagate Technology from $1,150.00 to $1,240.00 and gave the company a “buy” rating in a research note on Monday. Evercore increased their price target on shares of Seagate Technology from $750.00 to $1,000.00 and gave the company an “outperform” rating in a research report on Tuesday, May 12th. Melius Research started coverage on shares of Seagate Technology in a research note on Monday, June 29th. They set a “buy” rating and a $1,600.00 price objective on the stock. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Seagate Technology in a report on Wednesday, June 24th. Twenty-two research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $898.52.

Seagate Technology News Summary

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

• Positive Sentiment: Analysts and market commentary highlighted Seagate as one of the AI storage beneficiaries, citing strong revenue outlooks, expanding margins, and earnings growth potential from rising AI-driven data storage demand. Article: Everyone’s Buying NVIDIA, but 2 Smaller AI Stocks Could Soar Higher
• Positive Sentiment: Several articles argued Seagate may be well positioned in the “AI memory war,” with mostly Buy ratings and expectations for further upside as storage demand stays strong. Article: Which Storage Stock Is Best Positioned to Win the AI Memory War? (STX)
• Positive Sentiment: Commentary from investors also praised Seagate’s cost advantage and hyperscaler storage economics, reinforcing the bull case that the company can benefit from large-scale AI infrastructure spending. Article: I Keep Buying Seagate Because It Has One Massive Cost Advantage Others Don’t
• Neutral Sentiment: Seagate said it will report fiscal fourth-quarter and full-year 2026 results on July 28, keeping investors focused on upcoming earnings for confirmation of the growth story. Article: Seagate Technology to Report Fiscal Fourth Quarter and Fiscal Year 2026 Financial Results on July 28, 2026
• Neutral Sentiment: Media coverage noted that Seagate has at times outperformed other stock market peers even when the broader market was weak, suggesting relative strength rather than a company-specific catalyst. Article: Seagate Technology Holdings PLC stock outperforms competitors despite losses on the day
• Negative Sentiment: The tech and semiconductor sectors were broadly lower, and investors continued to rotate away from the AI trade, which can drag Seagate lower even if company fundamentals remain solid. Article: Sector Update: Tech Stocks Fall Thursday Afternoon
• Negative Sentiment: Separate market commentary said the chip-stock slide is not over, with the SOX index under pressure, signaling ongoing weakness across AI-related equities that could weigh on STX. Article: The Chip-Stock Slide Isn’t Over. The AI Trade Is Still Under Pressure.
• Negative Sentiment: The SOX index fell sharply in a recent session, showing that semiconductor weakness is still spreading through the AI ecosystem and weighing on sentiment for related stocks. Article: The SOX Index Fell 16% in Less Than a Month

About Seagate Technology

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.