Seagate Technology Holdings PLC $STX Shares Purchased by Paragon Private Wealth Management LLC

Paragon Private Wealth Management LLC grew its stake in shares of Seagate Technology Holdings PLC (NASDAQ:STX) by 22.3% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 6,821 shares of the data storage provider’s stock after acquiring an additional 1,246 shares during the quarter. Paragon Private Wealth Management LLC’s holdings in Seagate Technology were worth $1,878,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. PFA Pension Forsikringsaktieselskab acquired a new position in Seagate Technology in the 4th quarter valued at $23,882,000. New York State Teachers Retirement System boosted its holdings in shares of Seagate Technology by 5.0% during the fourth quarter. New York State Teachers Retirement System now owns 187,044 shares of the data storage provider’s stock worth $51,510,000 after purchasing an additional 8,991 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its holdings in shares of Seagate Technology by 1.2% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 518,806 shares of the data storage provider’s stock worth $142,874,000 after purchasing an additional 6,028 shares during the last quarter. Praxis Investment Management Inc. grew its position in shares of Seagate Technology by 56.5% in the fourth quarter. Praxis Investment Management Inc. now owns 6,615 shares of the data storage provider’s stock valued at $1,822,000 after purchasing an additional 2,389 shares during the period. Finally, Keystone Investors PTE Ltd. increased its stake in Seagate Technology by 55.7% in the third quarter. Keystone Investors PTE Ltd. now owns 50,321 shares of the data storage provider’s stock valued at $11,879,000 after purchasing an additional 18,000 shares during the last quarter. 92.87% of the stock is currently owned by hedge funds and other institutional investors.

Seagate Technology Stock Performance

NASDAQ STX opened at $846.01 on Wednesday. The company has a debt-to-equity ratio of 3.16, a current ratio of 1.33 and a quick ratio of 0.85. Seagate Technology Holdings PLC has a 1-year low of $124.63 and a 1-year high of $966.80. The firm has a market capitalization of $189.70 billion, a P/E ratio of 80.27 and a beta of 2.04. The business’s 50-day simple moving average is $680.78 and its 200-day simple moving average is $464.11.

Seagate Technology (NASDAQ:STX) last posted its quarterly earnings results 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 firm had revenue of $3.11 billion for the quarter, compared to analyst estimates of $2.96 billion. Seagate Technology had a net margin of 21.60% and a return on equity of 1,005.65%. Seagate Technology’s revenue for the quarter was up 44.1% compared to the same quarter last year. During the same quarter last year, the firm posted $1.90 earnings per share. Seagate Technology has set its Q4 2026 guidance at 4.800-5.200 EPS. Equities analysts predict that Seagate Technology Holdings PLC will post 14.1 EPS for the current year.

Seagate Technology Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 7th. Investors of record on Wednesday, June 24th will be given a dividend of $0.74 per share. This represents a $2.96 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend is Wednesday, June 24th. Seagate Technology’s dividend payout ratio is 28.08%.

Analysts Set New Price Targets

STX has been the topic of several recent analyst reports. Wall Street Zen upgraded Seagate Technology from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. Mizuho upped their price objective on shares of Seagate Technology from $875.00 to $1,090.00 and gave the company an “outperform” rating in a research note on Monday. Zacks Research upgraded shares of Seagate Technology from a “hold” rating to a “strong-buy” rating in a report on Friday, May 1st. Cantor Fitzgerald raised their target price on shares of Seagate Technology from $700.00 to $1,000.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 29th. Finally, Loop Capital boosted their target price on shares of Seagate Technology from $950.00 to $1,140.00 and gave the company a “buy” rating in a report on Friday, May 15th. One research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $792.46.

Insider Activity

In other news, CEO William D. Mosley sold 13,780 shares of the company’s stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $924.99, for a total value of $12,746,362.20. Following the completion of the sale, the chief executive officer owned 323,591 shares of the company’s stock, valued at $299,318,439.09. This represents a 4.08% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Ban Seng Teh sold 8,003 shares of the stock in a transaction dated Thursday, May 14th. The shares were 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 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 SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 155,187 shares of company stock worth $108,267,701 in the last quarter. Insiders own 0.79% of the company’s stock.

More Seagate Technology News

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

• Positive Sentiment: Bank of America raised its price target on Seagate Technology to $1,000 from $900, signaling continued upside potential and reinforcing a constructive view on the shares.
• Positive Sentiment: Mizuho also boosted its target on Seagate to $1,090 from $875 and kept an outperform rating, citing favorable demand trends tied to data centers and AI-driven memory/storage demand.
• Positive Sentiment: Citi remained bullish on Seagate Technology, adding to the recent wave of favorable analyst sentiment around the company.
• Positive Sentiment: Recent coverage on AI demand suggests tightening supply across storage names, which supports the investment case for Seagate and other memory/storage suppliers.
• Neutral Sentiment: Short interest data showed no reported short interest as of June 9, so this update does not appear to be a meaningful stock catalyst.
• Negative Sentiment: Shares fell along with other semiconductor stocks after a geopolitical incident in the Strait of Hormuz weakened the broader risk backdrop and weighed on the sector.

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.