FNY Investment Advisers LLC Invests $819,000 in Seagate Technology Holdings PLC $STX

FNY Investment Advisers LLC bought a new position in shares of Seagate Technology Holdings PLC (NASDAQ:STX) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 849 shares of the data storage provider’s stock, valued at approximately $819,000.

Several other institutional investors also recently bought and sold shares of STX. Rakuten Securities Inc. boosted its holdings in Seagate Technology by 884.2% during the second quarter. Rakuten Securities Inc. now owns 187 shares of the data storage provider’s stock worth $27,000 after buying an additional 168 shares in the last quarter. Salomon & Ludwin LLC raised its position in shares of Seagate Technology by 124.4% in the fourth quarter. Salomon & Ludwin LLC now owns 92 shares of the data storage provider’s stock worth $27,000 after acquiring an additional 51 shares during the period. Avion Wealth raised its position in shares of Seagate Technology by 343.5% in the fourth quarter. Avion Wealth now owns 102 shares of the data storage provider’s stock worth $28,000 after acquiring an additional 79 shares during the period. Concord Wealth Partners purchased a new stake in shares of Seagate Technology during the 4th quarter worth about $28,000. Finally, Quarry LP acquired a new stake in shares of Seagate Technology during the 4th quarter valued at about $31,000. 92.87% of the stock is currently owned by hedge funds and other institutional investors.

Seagate Technology Stock Up 1.8%

Shares of NASDAQ STX opened at $852.95 on Friday. Seagate Technology Holdings PLC has a 12-month low of $144.75 and a 12-month high of $1,145.00. The stock has a market cap of $193.32 billion, a PE ratio of 61.45 and a beta of 2.06. The company has a current ratio of 1.67, a quick ratio of 1.17 and a debt-to-equity ratio of 1.56. The company has a 50-day moving average of $896.05 and a 200 day moving average of $644.70.

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

Seagate Technology Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 7th. Investors of record on Thursday, September 24th will be given a dividend of $0.74 per share. The ex-dividend date is Thursday, September 24th. This represents a $2.96 dividend on an annualized basis and a yield of 0.3%. Seagate Technology’s dividend payout ratio (DPR) is presently 21.33%.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on STX shares. Melius Research started coverage on Seagate Technology in a research note on Monday, June 29th. They issued a “buy” rating and a $1,600.00 price target for the company. Fox Advisors lowered Seagate Technology from an “overweight” rating to an “equal weight” rating in a report on Monday, June 22nd. Rosenblatt Securities boosted their price objective on Seagate Technology from $1,300.00 to $1,400.00 and gave the company a “buy” rating in a research report on Wednesday, July 29th. BNP Paribas Exane upped their target price on Seagate Technology from $530.00 to $860.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 29th. Finally, TD Cowen increased their target price on Seagate Technology from $850.00 to $1,000.00 and gave the company a “buy” rating in a research report on Wednesday, July 29th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, Seagate Technology has an average rating of “Moderate Buy” and a consensus price target of $986.00.

Key Headlines Impacting Seagate Technology

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

• Positive Sentiment: Analysts raised Seagate’s fair-value estimate. New assumptions around hard-disk-drive pricing power, AI-driven storage demand, margins and cash generation lifted a reported fair-value estimate from $959.48 to $1,115.87, reinforcing the long-term bullish case for STX. Seagate Stock Fair Value Rises
• Positive Sentiment: STX remains a favored AI-growth stock. Seagate was included among highly ranked August growth ideas, with analysts citing continued AI infrastructure spending and demand for data-center storage. The company also recently exceeded quarterly EPS and revenue expectations and issued strong forward EPS guidance. Top-Ranked Growth Stocks for August
• Neutral Sentiment: An executive sale was disclosed. EVP John Christopher Morris sold 168 shares for about $137,000 under a pre-arranged Rule 10b5-1 trading plan. Because the transaction was scheduled in advance and represented only a 1.39% reduction in his holdings, it is a limited signal of management sentiment. Seagate Insider Sale
• Negative Sentiment: Sector guidance failed to meet elevated expectations. Western Digital beat quarterly estimates but its outlook disappointed investors, while Sandisk similarly failed to provide the “knockout” guidance the AI-memory trade has come to expect. Seagate, Micron, SK Hynix and Samsung consequently moved lower in sympathy. Why Western Digital Stock Is Sinking
• Negative Sentiment: High valuation increases sensitivity to sentiment. With STX trading at an elevated earnings multiple and carrying a beta of 2.06, investors may be particularly quick to lock in gains when peer guidance raises concerns about the pace or durability of AI-related storage demand.

Insider Buying and Selling

In other Seagate Technology news, EVP Ban Seng Teh sold 8,003 shares of the firm’s stock in a transaction 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 completion of the sale, the executive vice president directly owned 3,691 shares of the company’s stock, valued at $3,016,580.48. This trade represents a 68.44% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO William D. Mosley sold 30,000 shares of Seagate Technology stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $751.29, for a total value of $22,538,700.00. Following the transaction, the chief executive officer owned 339,591 shares in the company, valued at approximately $255,131,322.39. This represents a 8.12% 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. In the last quarter, insiders have sold 149,638 shares of company stock worth $126,692,095. 0.79% of the stock is currently owned by company insiders.

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.