Harbor Investment Advisory LLC Raises Stock Position in Seagate Technology Holdings PLC $STX

Harbor Investment Advisory LLC raised its holdings in shares of Seagate Technology Holdings PLC (NASDAQ:STX) by 54.3% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,699 shares of the data storage provider’s stock after acquiring an additional 598 shares during the quarter. Harbor Investment Advisory LLC’s holdings in Seagate Technology were worth $1,640,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. Annis Gardner Whiting Capital Advisors LLC grew its position in shares of Seagate Technology by 23.1% during the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 80 shares of the data storage provider’s stock worth $31,000 after purchasing an additional 15 shares in the last quarter. Salomon & Ludwin LLC lifted 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 worth $27,000 after purchasing an additional 51 shares in the last quarter. WealthCollab LLC lifted its holdings in Seagate Technology by 27.4% in the 1st quarter. WealthCollab LLC now owns 93 shares of the data storage provider’s stock worth $36,000 after purchasing an additional 20 shares in the last quarter. Catalyst Capital Advisors LLC bought a new position in Seagate Technology in the 1st quarter worth approximately $39,000. Finally, Concord Wealth Partners bought a new position in Seagate Technology in the 4th quarter worth approximately $28,000. 92.87% of the stock is currently owned by hedge funds and other institutional investors.

Seagate Technology Stock Performance

Seagate Technology stock opened at $837.66 on Thursday. The company has a debt-to-equity ratio of 1.56, a current ratio of 1.67 and a quick ratio of 1.17. The firm has a market capitalization of $187.83 billion, a P/E ratio of 60.35 and a beta of 2.06. Seagate Technology Holdings PLC has a 1-year low of $144.75 and a 1-year high of $1,145.00. The company’s 50-day moving average is $896.61 and its 200 day moving average is $640.99.

Seagate Technology (NASDAQ:STX) last released its earnings results on Tuesday, July 28th. The data storage provider reported $5.71 EPS for the quarter, beating analysts’ consensus estimates of $5.10 by $0.61. Seagate Technology had a return on equity of 369.98% and a net margin of 26.11%.The firm had revenue of $3.63 billion for the quarter, compared to analysts’ expectations of $3.50 billion. During the same quarter in the prior year, the firm posted $2.59 earnings per share. The company’s quarterly revenue was up 48.5% on a year-over-year basis. Seagate Technology has set its Q1 2027 guidance at 7.100-7.500 EPS. Research analysts forecast that Seagate Technology Holdings PLC will post 33.08 EPS for the current year.

Seagate Technology Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 7th. Shareholders of record on Thursday, September 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 Thursday, September 24th. Seagate Technology’s dividend payout ratio is 21.33%.

Wall Street Analysts Forecast Growth

STX has been the topic of several recent analyst reports. Fox Advisors cut shares of Seagate Technology from an “overweight” rating to an “equal weight” rating in a research report on Monday, June 22nd. The Goldman Sachs Group upped their target price on shares of Seagate Technology from $385.00 to $700.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. Citigroup raised their target price on shares of Seagate Technology from $1,240.00 to $1,300.00 and gave the company a “buy” rating in a research note on Wednesday, July 29th. Mizuho lifted their price target on shares of Seagate Technology from $875.00 to $1,090.00 and gave the company an “outperform” rating in a report on Monday, June 8th. Finally, Zacks Research upgraded shares of Seagate Technology from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 28th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $986.00.

Key Headlines Impacting Seagate Technology

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

• Positive Sentiment: Strong earnings and guidance support the bull case. Seagate recently reported quarterly EPS of $5.71, exceeding the $5.10 consensus estimate, while revenue of $3.63 billion surpassed forecasts and rose 48.5% year over year. Management’s next-quarter EPS guidance of $7.10 to $7.50 also points to continued momentum. 5 Momentum Stocks to Buy for August Despite a Mixed July
• Positive Sentiment: AI infrastructure demand remains a key tailwind. Seagate and Western Digital dominate the hard-disk-drive market, and Western Digital’s latest results showed 44% sales growth and adjusted EPS of $3.56, beating expectations. The results reinforce demand for storage capacity tied to data centers and AI workloads, although WD’s late-session stock decline highlights investor caution. Western Digital Earnings Beat With 44% Sales Growth
• Positive Sentiment: Analyst sentiment remains favorable. Seagate has a consensus “Moderate Buy” rating, with several firms recently raising price targets. It has also been identified as an August momentum stock because of AI exposure, earnings growth and financial strength. Zacks 5 Momentum Stocks to Buy
• Neutral Sentiment: Insider sales add headline pressure but were prearranged. CEO William D. Mosley sold 30,000 shares for roughly $24.5 million across two transactions, while executives John Christopher Morris and James Ci Lee also sold shares. All reported transactions were executed under Rule 10b5-1 plans, making them less reliable indicators of management’s current outlook. Seagate Executive Form 4 Filing
• Negative Sentiment: Sector-wide profit-taking is weighing on STX. Seagate declined alongside Micron and other memory stocks as investors reassessed cyclical demand and elevated valuations. Micron’s recent pullback, despite strong AI-memory demand, underscores the volatility and valuation concerns affecting the broader semiconductor and storage group. Micron Slips 9% in a Month

Insiders Place Their Bets

In other news, CEO William D. Mosley sold 17,080 shares of the business’s stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $827.30, for a total transaction of $14,130,284.00. Following the completion of the sale, the chief executive officer directly owned 295,517 shares of the company’s stock, valued at approximately $244,481,214.10. The trade was a 5.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Gianluca Romano sold 903 shares of the company’s stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $880.19, for a total transaction of $794,811.57. Following the completion of the transaction, the chief financial officer owned 42,860 shares in the company, valued at approximately $37,724,943.40. The trade was a 2.06% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 149,638 shares of company stock valued at $126,692,095. 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.