TSA Wealth Managment LLC Sells 630 Shares of Seagate Technology Holdings PLC $STX

TSA Wealth Managment LLC lowered its holdings in shares of Seagate Technology Holdings PLC (NASDAQ:STX) by 49.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 633 shares of the data storage provider’s stock after selling 630 shares during the quarter. TSA Wealth Managment LLC’s holdings in Seagate Technology were worth $248,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the business. Simplicity Wealth LLC bought a new stake in shares of Seagate Technology during the first quarter valued at approximately $200,000. Sequoia Financial Advisors LLC increased its holdings in Seagate Technology by 23.3% in the 1st quarter. Sequoia Financial Advisors LLC now owns 11,689 shares of the data storage provider’s stock valued at $4,579,000 after acquiring an additional 2,211 shares during the last quarter. Stiles Financial Services Inc increased its holdings in Seagate Technology by 3.5% in the 1st quarter. Stiles Financial Services Inc now owns 2,688 shares of the data storage provider’s stock valued at $1,053,000 after acquiring an additional 90 shares during the last quarter. Equitable Trust Co. lifted its stake in Seagate Technology by 1.7% in the 1st quarter. Equitable Trust Co. now owns 13,007 shares of the data storage provider’s stock worth $5,096,000 after purchasing an additional 219 shares in the last quarter. Finally, Hsbc Holdings PLC boosted its holdings in shares of Seagate Technology by 119.7% during the 1st quarter. Hsbc Holdings PLC now owns 378,527 shares of the data storage provider’s stock valued at $147,753,000 after purchasing an additional 206,196 shares during the last quarter. 92.87% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, EVP Ban Seng Teh sold 989 shares of Seagate Technology stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $880.19, for a total transaction of $870,507.91. Following the completion of the transaction, the executive vice president directly owned 4,290 shares of the company’s stock, valued at approximately $3,776,015.10. The trade was a 18.73% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP John Christopher Morris sold 1,364 shares of the company’s stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $880.19, for a total transaction of $1,200,579.16. Following the transaction, the executive vice president owned 12,088 shares in the company, valued at $10,639,736.72. The trade was a 10.14% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 151,069 shares of company stock worth $126,191,753 over the last 90 days. Insiders own 0.79% of the company’s stock.

Seagate Technology Trading Up 2.3%

Shares of NASDAQ:STX traded up $20.25 during trading on Friday, hitting $910.34. The company had a trading volume of 4,047,468 shares, compared to its average volume of 4,779,144. The stock has a market cap of $204.13 billion, a price-to-earnings ratio of 86.37 and a beta of 2.04. The company has a debt-to-equity ratio of 3.16, a current ratio of 1.33 and a quick ratio of 0.85. The company has a fifty day simple moving average of $880.60 and a two-hundred day simple moving average of $570.72. Seagate Technology Holdings PLC has a one year low of $138.30 and a one year high of $1,145.00.

Seagate Technology (NASDAQ:STX) last released its earnings results on Tuesday, April 28th. The data storage provider reported $4.10 earnings per share 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 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 company’s revenue for the quarter was up 44.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.90 EPS. Seagate Technology has set its Q4 2026 guidance at 4.800-5.200 EPS. As a group, equities analysts forecast that Seagate Technology Holdings PLC will post 14.14 earnings per share for the current year.

Seagate Technology Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 7th. Stockholders of record on Wednesday, June 24th were issued a $0.74 dividend. This represents a $2.96 annualized dividend and a dividend yield of 0.3%. The ex-dividend date was Wednesday, June 24th. Seagate Technology’s dividend payout ratio (DPR) is 28.08%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on STX shares. China Renaissance lifted their target price on Seagate Technology from $802.00 to $983.00 in a report on Friday, June 12th. Cantor Fitzgerald increased their price target on Seagate Technology from $1,000.00 to $1,300.00 and gave the company an “overweight” rating in a research note on Monday, June 29th. Weiss Ratings restated a “buy (b)” rating on shares of Seagate Technology in a report on Wednesday, June 24th. Sanford C. Bernstein lifted their price objective on Seagate Technology from $620.00 to $1,000.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 29th. Finally, Citigroup upped their price objective on Seagate Technology from $740.00 to $1,150.00 and gave the stock a “buy” rating in a report on Tuesday, June 2nd. Twenty-two investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $894.92.

Trending Headlines about Seagate Technology

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

• Positive Sentiment: Wells Fargo upgraded Seagate to Overweight from Equal Weight and lifted its price target to $1,100 from $900, citing stronger confidence in long-term earnings power and continued hard-disk-drive demand tied to AI infrastructure. Seagate Stock Rises After Analyst Upgrades To Buy. Western Digital Nabs Price-Target Hike.
• Positive Sentiment: Multiple market updates highlighted Seagate as a beneficiary of the AI data-center buildout, with commentary pointing to rising storage demand, margin expansion, and potential upside from HAMR technology and cloud spending. Cloud Giants Record $1.1T RPO: A Growth Catalyst for Seagate?
• Positive Sentiment: Seagate was also mentioned in broader analyst roundups as one of the names with improving Wall Street forecasts, reinforcing sentiment that the stock still has room to run after its recent rebound. Here Are Friday’s Best Wall Street Analyst Research Calls
• Neutral Sentiment: Recent articles also framed Seagate as part of a broader rebound in memory and storage stocks, alongside peers like Western Digital and Micron, after a sector selloff reversed. This supports the stock, but the move appears driven more by sector momentum than by a company-specific fundamental update. Seagate (STX) Stock Rebounds As AI Data Center Demand Lifts Storage Names

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.