Seagate Technology Holdings PLC $STX Position Lessened by Left Brain Wealth Management LLC

Left Brain Wealth Management LLC trimmed its stake in Seagate Technology Holdings PLC (NASDAQ:STX) by 22.2% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,155 shares of the data storage provider’s stock after selling 1,188 shares during the quarter. Left Brain Wealth Management LLC’s holdings in Seagate Technology were worth $3,832,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Retirement Wealth Solutions LLC grew its stake in shares of Seagate Technology by 70.6% during the 2nd quarter. Retirement Wealth Solutions LLC now owns 29 shares of the data storage provider’s stock worth $28,000 after acquiring an additional 12 shares during the period. Bridgewater Advisors Inc. boosted its holdings in Seagate Technology by 0.9% in the 1st quarter. Bridgewater Advisors Inc. now owns 1,477 shares of the data storage provider’s stock worth $579,000 after buying an additional 13 shares during the period. Baker Tilly Wealth Management LLC boosted its holdings in Seagate Technology by 4.6% in the 3rd quarter. Baker Tilly Wealth Management LLC now owns 319 shares of the data storage provider’s stock worth $295,000 after buying an additional 14 shares during the period. Annis Gardner Whiting Capital Advisors LLC grew its stake in Seagate Technology by 23.1% in the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 80 shares of the data storage provider’s stock valued at $31,000 after buying an additional 15 shares in the last quarter. Finally, One River Asset Management LLC grew its stake in Seagate Technology by 50.0% in the 3rd quarter. One River Asset Management LLC now owns 45 shares of the data storage provider’s stock valued at $42,000 after buying an additional 15 shares in the last quarter. Institutional investors own 92.87% of the company’s stock.

Seagate Technology Price Performance

Shares of STX opened at $644.58 on Friday. The company has a market capitalization of $146.57 billion, a P/E ratio of 33.85 and a beta of 2.06. The company has a quick ratio of 1.17, a current ratio of 1.82 and a debt-to-equity ratio of 0.68. The firm has a 50 day moving average of $799.09 and a 200 day moving average of $688.41. Seagate Technology Holdings PLC has a twelve month low of $228.61 and a twelve month high of $1,145.00.

Seagate Technology (NASDAQ:STX) last released its quarterly earnings data on Tuesday, October 27th. The data storage provider reported $7.68 EPS for the quarter, topping the consensus estimate of $7.44 by $0.24. Seagate Technology had a return on equity of 252.47% and a net margin of 31.86%. The company had revenue of $4.23 billion during the quarter, compared to the consensus estimate of $4.15 billion. During the same period last year, the company earned $2.61 EPS. Seagate Technology’s revenue for the quarter was up 61.0% on a year-over-year basis. As a group, equities research analysts anticipate that Seagate Technology Holdings PLC will post 36.37 earnings per share for the current fiscal year.

Seagate Technology Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 7th. Stockholders of record on Wednesday, December 23rd will be given a dividend of $0.76 per share. The ex-dividend date of this dividend is Wednesday, December 23rd. This is a boost from Seagate Technology’s previous quarterly dividend of $0.74. This represents a $3.04 dividend on an annualized basis and a dividend yield of 0.5%. Seagate Technology’s payout ratio is currently 15.55%.

Insiders Place Their Bets

In other news, EVP John Morris sold 15,466 shares of the company’s stock in a transaction dated Tuesday, September 15th. The shares were sold at an average price of $772.15, for a total transaction of $11,942,071.90. Following the transaction, the executive vice president owned 31,132 shares in the company, valued at $24,038,573.80. This represents a 33.19% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Gianluca Romano sold 49,984 shares of the stock in a transaction on Tuesday, September 15th. The stock was sold at an average price of $772.16, for a total value of $38,595,645.44. Following the transaction, the chief financial officer owned 70,756 shares of the company’s stock, valued at approximately $54,634,952.96. This represents a 41.40% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last ninety days, insiders sold 466,812 shares of company stock valued at $378,583,042. Company insiders own 0.51% of the company’s stock.

Key Headlines Impacting Seagate Technology

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

• Positive Sentiment: Seagate reported fiscal Q1 2027 revenue of approximately $4.23 billion, up 61% year over year, and non-GAAP EPS of $7.68, exceeding the $7.44 consensus estimate. Record free cash flow of roughly $1.5 billion, stronger pricing and robust mass-capacity demand support the company’s AI and cloud-storage growth outlook. Seagate Q1 Earnings Ride Record Cash Flow and AI Demand
• Positive Sentiment: Analysts continue to highlight Seagate’s exposure to expanding data-center capacity needs. Some commentary favors STX over Western Digital because of its higher return on equity, lower forward valuation and record cash generation. Western Digital vs. Seagate
• Positive Sentiment: Seagate announced a dividend increase, adding to its appeal for income-oriented investors during market volatility and ongoing inflation and interest-rate uncertainty. Stocks That Declared Dividend Hikes
• Positive Sentiment: Wedbush maintained an “Outperform” rating, while Morgan Stanley reportedly reduced its target but still sees substantial potential upside, indicating that some analysts view the pullback as an opportunity. Wedbush Outperform Rating
• Neutral Sentiment: The earnings response has been muted because elevated expectations appear to have been largely priced into STX after its substantial prior run. Investors are weighing excellent results against valuation, future growth assumptions and the sustainability of AI-driven demand. Post-Earnings Pullback
• Negative Sentiment: Seagate is declining alongside Sandisk, Western Digital and Micron in a broader semiconductor and memory-stock selloff, suggesting sector-wide profit-taking is outweighing the company’s earnings beat. Storage and Memory Stocks Sell Off
• Negative Sentiment: TD Cowen, Morgan Stanley, Citigroup, Susquehanna and Wells Fargo lowered their price targets or forecasts. Summit Insights also downgraded the stock, creating near-term pressure even though several firms remain constructive. TD Cowen Cuts Seagate Price Target

Analysts Set New Price Targets

A number of equities analysts have recently commented on STX shares. Wall Street Zen raised Seagate Technology from a “buy” rating to a “strong-buy” rating in a report on Saturday, September 26th. Wells Fargo & Company decreased their price objective on Seagate Technology from $865.00 to $820.00 and set an “overweight” rating on the stock in a research note on Wednesday. Argus increased their price objective on Seagate Technology from $750.00 to $900.00 and gave the stock a “buy” rating in a report on Thursday, July 30th. Summit Insights downgraded Seagate Technology from a “buy” rating to a “hold” rating in a research note on Wednesday. Finally, TD Cowen reduced their target price on Seagate Technology from $1,000.00 to $900.00 and set a “buy” rating for the company in a report on Wednesday. Twenty-two investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $1,000.88.

Seagate Technology Profile

Seagate Technology Holdings plc (NASDAQ: STX) is a data storage company that develops and manufactures mass-capacity storage products and solutions. Its portfolio is centered on hard disk drives (HDDs) used in cloud data centers, enterprise systems, network-attached storage, video and imaging applications, and personal computers.

The company also provides storage-related services and solutions designed to help organizations store, manage, protect, and access large volumes of digital information.