Walser Wealth Management Company A Ltd Liability Co Takes $248,000 Position in Seagate Technology Holdings PLC $STX

Walser Wealth Management Company A Ltd Liability Co bought a new position in Seagate Technology Holdings PLC (NASDAQ:STX) during the 1st quarter, Holdings Channel reports. The institutional investor bought 633 shares of the data storage provider’s stock, valued at approximately $248,000.

Other large investors have also added to or reduced their stakes in the company. PFA Pension Forsikringsaktieselskab purchased a new stake in shares of Seagate Technology during the 4th quarter valued at about $23,882,000. New York State Teachers Retirement System boosted its holdings in shares of Seagate Technology by 5.0% in the fourth quarter. New York State Teachers Retirement System now owns 187,044 shares of the data storage provider’s stock worth $51,510,000 after buying an additional 8,991 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. grew its position in Seagate Technology by 1.2% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 518,806 shares of the data storage provider’s stock valued at $142,874,000 after buying an additional 6,028 shares during the period. Praxis Investment Management Inc. grew its position in Seagate Technology by 56.5% during the fourth quarter. Praxis Investment Management Inc. now owns 6,615 shares of the data storage provider’s stock valued at $1,822,000 after buying an additional 2,389 shares during the period. Finally, Ritholtz Wealth Management increased its holdings in Seagate Technology by 64.5% during the fourth quarter. Ritholtz Wealth Management now owns 21,321 shares of the data storage provider’s stock valued at $5,872,000 after buying an additional 8,358 shares during the last quarter. Institutional investors own 92.87% of the company’s stock.

Seagate Technology Stock Performance

STX opened at $827.64 on Wednesday. The company has a 50 day simple moving average of $863.76 and a two-hundred day simple moving average of $560.15. 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 firm has a market cap of $185.58 billion, a P/E ratio of 78.52 and a beta of 2.04. Seagate Technology Holdings PLC has a 1-year low of $138.30 and a 1-year high of $1,145.00.

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, beating the consensus estimate of $3.51 by $0.59. Seagate Technology had a net margin of 21.60% and a return on equity of 1,005.65%. The firm had revenue of $3.11 billion for the quarter, compared to the consensus estimate of $2.96 billion. During the same period last year, the firm earned $1.90 EPS. The company’s revenue was up 44.1% on a year-over-year basis. Seagate Technology has set its Q4 2026 guidance at 4.800-5.200 EPS. Equities analysts forecast that Seagate Technology Holdings PLC will post 14.14 earnings per share for the current fiscal year.

Seagate Technology Announces Dividend

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

More Seagate Technology News

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

• Positive Sentiment: Seagate was named a top momentum stock for July, with screens pointing to strong price trends, earnings surprises, and growth expectations. Micron & 2 Momentum Stocks to Buy in July for Explosive Upside
• Positive Sentiment: Analysts said Seagate has the right setup for another earnings beat, pointing to its strong track record of topping estimates. Will Seagate (STX) Beat Estimates Again in Its Next Earnings Report?
• Positive Sentiment: BofA reiterated its Buy rating and raised its price target, reinforcing the view that Seagate can keep benefiting from AI-driven storage demand. Is Seagate (STX) the Best Pick and Shovel AI Stock to Invest In?
• Positive Sentiment: Sector commentary said memory and storage stocks are rebounding as analysts point to attractive entry points, pricing strength, and persistent AI demand. Memory stocks rebound as analysts flag a buying opportunity
• Positive Sentiment: Another sector note argued that Seagate is seeing margin expansion and tight supply conditions, supporting the bullish AI hardware narrative. Flash Crash or Cash? The AI Hardware Reset Investors Can’t Ignore (STX)
• Neutral Sentiment: One valuation-focused article said Seagate has had a huge multi-year run and now trades at a premium, so investors are watching whether the stock has already priced in much of the good news. Seagate (STX) Stock Trades At A Premium As Its 14x Run Tests Fair Value
• Neutral Sentiment: Brokerage consensus remains “Moderate Buy,” which supports sentiment but does not add a fresh near-term catalyst. Seagate Technology Holdings PLC (NASDAQ:STX) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Insiders Place Their Bets

In related news, EVP John Christopher Morris sold 5,626 shares of the business’s stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $738.37, for a total value of $4,154,069.62. Following the transaction, the executive vice president directly owned 11,954 shares of the company’s stock, valued at approximately $8,826,474.98. The trade was a 32.00% decrease in their position. 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, CFO Gianluca Romano sold 22,488 shares of the company’s stock in a transaction that occurred on Wednesday, May 6th. The stock was sold at an average price of $774.22, for a total value of $17,410,659.36. Following the completion of the transaction, the chief financial officer owned 42,847 shares of the company’s stock, valued at $33,173,004.34. The trade was a 34.42% 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 ninety days, insiders sold 151,069 shares of company stock worth $126,191,753. 0.79% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research firms have weighed in on STX. China Renaissance increased their price target on shares of Seagate Technology from $802.00 to $983.00 in a research report on Friday, June 12th. Fox Advisors lowered Seagate Technology from an “overweight” rating to an “equal weight” rating in a research note on Monday, June 22nd. Citigroup raised their target price on Seagate Technology from $740.00 to $1,150.00 and gave the stock a “buy” rating in a report on Tuesday, June 2nd. TD Cowen lifted their target price on Seagate Technology from $500.00 to $850.00 and gave the company a “buy” rating in a research report on Wednesday, April 29th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Seagate Technology in a report on Wednesday, June 24th. Twenty-one equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Seagate Technology currently has a consensus rating of “Moderate Buy” and a consensus target price of $880.52.

Seagate Technology Company 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.