Left Brain Wealth Management LLC Buys Shares of 3,100 Seagate Technology Holdings PLC $STX

Left Brain Wealth Management LLC bought a new stake in Seagate Technology Holdings PLC (NASDAQ:STX) during the third quarter, HoldingsChannel.com reports. The institutional investor bought 3,100 shares of the data storage provider’s stock, valued at approximately $732,000.

Several other large investors have also modified their holdings of STX. National Pension Service raised its holdings in Seagate Technology by 28.0% during the third quarter. National Pension Service now owns 250,121 shares of the data storage provider’s stock worth $59,044,000 after purchasing an additional 54,722 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. acquired a new position in Seagate Technology during the 3rd quarter worth approximately $1,864,000. Central Asset Investments & Management Holdings HK Ltd raised its stake in shares of Seagate Technology by 185.8% during the 2nd quarter. Central Asset Investments & Management Holdings HK Ltd now owns 18,734 shares of the data storage provider’s stock worth $2,704,000 after buying an additional 12,178 shares in the last quarter. Estate Counselors LLC acquired a new stake in shares of Seagate Technology in the 3rd quarter valued at approximately $2,557,000. Finally, Vision Financial Markets LLC lifted its holdings in shares of Seagate Technology by 341.7% in the 3rd quarter. Vision Financial Markets LLC now owns 5,300 shares of the data storage provider’s stock valued at $1,251,000 after buying an additional 4,100 shares during the period. Hedge funds and other institutional investors own 92.87% of the company’s stock.

Key Seagate Technology News

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

• Positive Sentiment: Seagate began volume production and qualification of its Mozaic 4+ HAMR platform with two hyperscale cloud customers, supporting up to 44TB drives and signaling meaningful share‑gain potential in AI/cloud storage workloads. Seagate Mozaic 4 Plus HAMR Rollout Tests AI Storage Growth Story
• Positive Sentiment: Analysts are lifting targets and optimism around HAMR-driven margins and durable demand — Bernstein recently raised STX’s price target materially, supporting upside to consensus valuation. Seagate Technology Holdings plc (STX) Price Target Raised, HAMR Technology Drives Cost Savings
• Positive Sentiment: Zacks added STX to its Rank #1 (Strong Buy) growth lists on March 4 and March 5, reflecting favorable analyst momentum and reinforcing buy-side interest. Best Growth Stocks to Buy for March 5th
• Neutral Sentiment: Coverage and media mentions (market mover roundups, institutional commentary) keep STX in investor view but do not by themselves change fundamentals. These Stocks Are Today’s Movers
• Negative Sentiment: CEO William Mosley sold 20,000 shares (~$7.7M) on March 2 — an insider sale that can prompt short‑term selling and be read as executive profit‑taking. SEC Form 4
• Negative Sentiment: Broader sector risk hit storage names after a geopolitical/energy shock and semiconductor sell‑off; that market flow is pressuring STX despite company‑specific wins. Western Digital vs Seagate After the Sell-Off
• Negative Sentiment: Valuation and balance‑sheet considerations remain a concern — STX trades at a high P/E and carries elevated leverage, which can amplify downside if macro demand or pricing weakens.

Seagate Technology Price Performance

Shares of NASDAQ STX opened at $367.34 on Friday. The company has a current ratio of 1.12, a quick ratio of 0.72 and a debt-to-equity ratio of 7.63. The company’s 50-day moving average price is $366.86 and its 200 day moving average price is $281.41. Seagate Technology Holdings PLC has a 52 week low of $63.19 and a 52 week high of $459.84. The stock has a market cap of $80.11 billion, a price-to-earnings ratio of 41.55, a PEG ratio of 0.84 and a beta of 1.61.

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

Seagate Technology Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 8th. Shareholders of record on Wednesday, March 25th will be issued a dividend of $0.74 per share. This represents a $2.96 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date is Wednesday, March 25th. Seagate Technology’s dividend payout ratio is 33.48%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on STX shares. Zacks Research raised Seagate Technology from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 17th. Robert W. Baird upped their price target on shares of Seagate Technology from $270.00 to $505.00 and gave the stock an “outperform” rating in a research note on Thursday, January 29th. The Goldman Sachs Group increased their price target on shares of Seagate Technology from $310.00 to $385.00 and gave the company a “buy” rating in a report on Wednesday, January 28th. BNP Paribas Exane boosted their price objective on shares of Seagate Technology from $430.00 to $530.00 and gave the stock an “outperform” rating in a report on Wednesday, February 4th. Finally, TD Cowen increased their target price on shares of Seagate Technology from $340.00 to $500.00 and gave the company a “buy” rating in a report on Wednesday, January 28th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $447.35.

Insider Activity at Seagate Technology

In related news, EVP Kian Fatt Chong sold 5,846 shares of the stock in a transaction on Monday, February 23rd. The stock was sold at an average price of $416.48, for a total transaction of $2,434,742.08. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO William D. Mosley sold 20,000 shares of the business’s stock in a transaction dated Friday, January 2nd. The shares were sold at an average price of $285.56, for a total transaction of $5,711,200.00. Following the completion of the transaction, the chief executive officer directly owned 429,895 shares of the company’s stock, valued at $122,760,816.20. The trade was a 4.45% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 89,051 shares of company stock valued at $34,430,409 in the last ninety days. 0.79% of the stock is owned by insiders.

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.