Foundations Investment Advisors LLC Has $361,000 Stock Holdings in Seagate Technology Holdings PLC $STX

Foundations Investment Advisors LLC trimmed its position in Seagate Technology Holdings PLC (NASDAQ:STX) by 49.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,530 shares of the data storage provider’s stock after selling 1,491 shares during the quarter. Foundations Investment Advisors LLC’s holdings in Seagate Technology were worth $361,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in STX. Norges Bank bought a new position in shares of Seagate Technology in the 2nd quarter valued at about $197,027,000. Boston Partners acquired a new position in Seagate Technology in the second quarter valued at approximately $193,500,000. Soroban Capital Partners LP boosted its stake in Seagate Technology by 1,468.1% in the second quarter. Soroban Capital Partners LP now owns 1,417,600 shares of the data storage provider’s stock valued at $204,602,000 after acquiring an additional 1,327,197 shares during the last quarter. Maple Rock Capital Partners Inc. grew its holdings in Seagate Technology by 85.3% during the 2nd quarter. Maple Rock Capital Partners Inc. now owns 1,131,752 shares of the data storage provider’s stock worth $163,346,000 after acquiring an additional 520,846 shares during the period. Finally, State Street Corp raised its position in shares of Seagate Technology by 5.0% during the 2nd quarter. State Street Corp now owns 9,001,365 shares of the data storage provider’s stock valued at $1,305,499,000 after acquiring an additional 432,455 shares during the last quarter. 92.87% of the stock is owned by institutional investors.

Insider Activity

In related news, Director Yolanda Lee Conyers sold 750 shares of the firm’s stock in a transaction on Tuesday, December 2nd. The shares were sold at an average price of $272.91, for a total value of $204,682.50. Following the completion of the transaction, the director owned 5,601 shares of the company’s stock, valued at approximately $1,528,568.91. This trade represents a 11.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Gianluca Romano sold 54,021 shares of the business’s stock in a transaction dated Wednesday, November 12th. The stock was sold at an average price of $285.16, for a total transaction of $15,404,628.36. Following the sale, the chief financial officer directly owned 56,293 shares in the company, valued at $16,052,511.88. This trade represents a 48.97% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 137,976 shares of company stock worth $45,330,378. 0.79% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research firms have recently issued reports on STX. Rosenblatt Securities raised their price target on Seagate Technology from $370.00 to $500.00 and gave the stock a “buy” rating in a research report on Wednesday, January 28th. Cantor Fitzgerald raised their target price on Seagate Technology from $400.00 to $500.00 and gave the stock an “overweight” rating in a report on Wednesday, January 28th. Bank of America boosted their target price on Seagate Technology from $320.00 to $400.00 and gave the stock a “buy” rating in a research report on Tuesday, January 20th. TD Cowen increased their price target on shares of Seagate Technology from $340.00 to $500.00 and gave the company a “buy” rating in a research report on Wednesday, January 28th. Finally, UBS Group boosted their price objective on shares of Seagate Technology from $335.00 to $385.00 and gave the company a “neutral” rating in a report on Wednesday, January 28th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $417.57.

Seagate Technology Stock Up 2.7%

Shares of STX stock opened at $444.45 on Wednesday. Seagate Technology Holdings PLC has a 12-month low of $63.19 and a 12-month high of $459.41. The company has a quick ratio of 0.72, a current ratio of 1.12 and a debt-to-equity ratio of 7.63. The firm has a fifty day moving average of $311.90 and a 200-day moving average of $243.79. The company has a market capitalization of $96.92 billion, a price-to-earnings ratio of 50.28, a P/E/G ratio of 0.97 and a beta of 1.62.

Seagate Technology (NASDAQ:STX) last announced its earnings results on Tuesday, January 27th. The data storage provider reported $3.11 earnings per share for the quarter, topping analysts’ consensus estimates of $2.77 by $0.34. Seagate Technology had a net margin of 19.59% and a negative return on equity of 936.38%. The firm had revenue of $2.83 billion during the quarter, compared to analyst estimates of $2.73 billion. During the same period in the prior year, the business earned $2.03 EPS. The company’s revenue for the quarter was up 21.5% compared to the same quarter last year. Seagate Technology has set its Q3 2026 guidance at 3.200-3.600 EPS. As a group, equities research analysts predict that Seagate Technology Holdings PLC will post 6.83 earnings per share for the current fiscal year.

Seagate Technology Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 8th. Shareholders of record on Wednesday, March 25th will be paid a $0.74 dividend. The ex-dividend date is Wednesday, March 25th. This represents a $2.96 annualized dividend and a yield of 0.7%. Seagate Technology’s payout ratio is presently 33.48%.

More Seagate Technology News

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

• Positive Sentiment: Q2 results and AI tailwind: Seagate reported a better‑than‑expected quarter (EPS $3.11 vs. $2.77 est.; revenue $2.83B vs. $2.73B) and highlighted AI-driven demand and long‑term HAMR visibility, plus Q3 guidance of $3.20–$3.60 EPS — a key driver of today’s bullish sentiment. Article Title
• Positive Sentiment: Analyst upgrades and higher targets: Multiple firms have raised ratings/targets (Cantor Fitzgerald, Barclays, Wedbush, Bernstein and others), lifting the consensus target toward the low‑to‑mid‑$400s — supporting momentum and valuation re‑rating.
• Positive Sentiment: Dividend and shareholder returns: Seagate declared a quarterly dividend of $0.74 (annualized $2.96); steady payout (DPR ~33%) reinforces income appeal for some investors and slightly cushions valuation concerns.
• Neutral Sentiment: Zacks coverage and momentum mentions: Recent Zacks pieces highlight STX as a long‑term growth/momentum pick amid AI-driven storage demand — media coverage can amplify buying but is secondary to concrete results and guidance. Article Title
• Negative Sentiment: Insider selling disclosed: Several insiders sold stock recently — CEO William Mosley sold 20,000 shares (~$8.59M; SEC filing) and EVP Ban Seng Teh sold 20,195 shares (~$8.93M; SEC filing); a director also sold a small stake. These large executive sales can raise short‑term caution among some shareholders. CEO Form 4 EVP Form 4

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.