Three Seasons Wealth LLC Reduces Holdings in Seagate Technology Holdings PLC $STX

Three Seasons Wealth LLC decreased its holdings in shares of Seagate Technology Holdings PLC (NASDAQ:STX) by 19.1% during the first quarter, Holdings Channel.com reports. The fund owned 7,721 shares of the data storage provider’s stock after selling 1,821 shares during the period. Seagate Technology accounts for approximately 1.2% of Three Seasons Wealth LLC’s holdings, making the stock its 25th biggest holding. Three Seasons Wealth LLC’s holdings in Seagate Technology were worth $3,030,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of STX. PFA Pension Forsikringsaktieselskab acquired a new stake in shares of Seagate Technology during the 4th quarter worth approximately $23,882,000. New York State Teachers Retirement System lifted its stake in shares of Seagate Technology by 5.0% in the 4th quarter. New York State Teachers Retirement System now owns 187,044 shares of the data storage provider’s stock valued at $51,510,000 after purchasing an additional 8,991 shares during the period. Sumitomo Mitsui Trust Group Inc. lifted its stake in shares of Seagate Technology by 1.2% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 518,806 shares of the data storage provider’s stock valued at $142,874,000 after purchasing an additional 6,028 shares during the period. Praxis Investment Management Inc. raised 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 worth $1,822,000 after acquiring an additional 2,389 shares during the period. Finally, Ritholtz Wealth Management boosted its stake in shares of Seagate Technology by 64.5% during the 4th quarter. Ritholtz Wealth Management now owns 21,321 shares of the data storage provider’s stock worth $5,872,000 after acquiring an additional 8,358 shares in the last quarter. 92.87% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on STX shares. Argus raised their target price on Seagate Technology from $450.00 to $750.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. UBS Group upped their price target on Seagate Technology from $515.00 to $545.00 and gave the stock a “neutral” rating in a report on Wednesday, April 29th. Barclays increased their price target on Seagate Technology from $750.00 to $1,000.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 27th. Cantor Fitzgerald boosted their price objective on Seagate Technology from $1,000.00 to $1,300.00 and gave the company an “overweight” rating in a research report on Monday, June 29th. Finally, Mizuho upped their price target on shares of Seagate Technology from $875.00 to $1,090.00 and gave the stock an “outperform” rating in a research report on Monday, June 8th. Twenty-two analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $898.52.

Seagate Technology Price Performance

NASDAQ:STX opened at $828.30 on Thursday. Seagate Technology Holdings PLC has a one year low of $138.30 and a one year high of $1,145.00. The company has a debt-to-equity ratio of 3.16, a quick ratio of 0.85 and a current ratio of 1.33. The stock has a market cap of $185.73 billion, a PE ratio of 78.59 and a beta of 2.04. The stock has a 50 day moving average price of $887.33 and a 200 day moving average price of $584.82.

Seagate Technology (NASDAQ:STX) last announced its quarterly earnings data on Tuesday, April 28th. The data storage provider reported $4.10 EPS for the quarter, topping analysts’ consensus estimates of $3.51 by $0.59. The firm had revenue of $3.11 billion for the quarter, compared to the consensus estimate of $2.96 billion. Seagate Technology had a return on equity of 1,005.65% and a net margin of 21.60%.The firm’s revenue was up 44.1% compared to the same quarter last year. During the same quarter last year, the business posted $1.90 earnings per share. Seagate Technology has set its Q4 2026 guidance at 4.800-5.200 EPS. Equities research analysts expect that Seagate Technology Holdings PLC will post 14.14 EPS for the current fiscal year.

Seagate Technology Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 7th. Stockholders of record on Wednesday, June 24th were issued a dividend of $0.74 per share. This represents a $2.96 annualized dividend and a dividend yield of 0.4%. The ex-dividend date was Wednesday, June 24th. Seagate Technology’s payout ratio is currently 28.08%.

Seagate Technology News Roundup

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

• Positive Sentiment: Several recent articles argue Seagate’s hard drive business has a meaningful cost advantage in hyperscale data storage, which could support demand and earnings power as AI and cloud customers look for lower-cost mass-capacity storage. I Keep Buying Seagate Because It Has One Massive Cost Advantage Others Don’t
• Positive Sentiment: Zacks highlighted Seagate as one of several memory stocks that may look attractive after the recent sell-off, citing AI demand, improving pricing, and lower valuations. Why You Must Buy These 4 Memory Stocks After the Recent Sell-Off
• Neutral Sentiment: Seagate confirmed it will report fiscal fourth-quarter and full-year 2026 results on July 28, which keeps investors focused on upcoming guidance and commentary rather than current operations. Seagate Technology to Report Fiscal Fourth Quarter and Fiscal Year 2026 Financial Results on July 28, 2026
• Neutral Sentiment: Market commentary also notes the broader SOX semiconductor index has fallen sharply, with chip weakness and AI trade volatility weighing on sentiment across the sector, including STX. The SOX Index Fell 16% in Less Than a Month

Insider Activity

In related news, CFO Gianluca Romano sold 22,488 shares of the firm’s stock in a transaction dated Wednesday, May 6th. The shares were sold at an average price of $774.22, for a total transaction of $17,410,659.36. Following the completion of the sale, the chief financial officer directly owned 42,847 shares in the company, valued at approximately $33,173,004.34. This trade represents a 34.42% 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 link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Ban Seng Teh sold 8,003 shares of Seagate Technology stock in a transaction dated Thursday, May 14th. The stock was sold at an average price of $817.28, for a total transaction of $6,540,691.84. Following the transaction, the executive vice president directly owned 3,691 shares in the company, valued at $3,016,580.48. This trade represents a 68.44% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 151,069 shares of company stock worth $126,191,753. 0.79% of the stock is owned by 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.