Independent Advisor Alliance Acquires 19,614 Shares of Seagate Technology Holdings PLC $STX

Independent Advisor Alliance boosted its holdings in Seagate Technology Holdings PLC (NASDAQ:STX) by 505.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,495 shares of the data storage provider’s stock after purchasing an additional 19,614 shares during the period. Independent Advisor Alliance’s holdings in Seagate Technology were worth $6,470,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the business. Community Bank N.A. bought a new position in Seagate Technology in the fourth quarter valued at $110,000. World Investment Advisors grew its position in Seagate Technology by 1.9% in the fourth quarter. World Investment Advisors now owns 11,832 shares of the data storage provider’s stock valued at $3,200,000 after purchasing an additional 226 shares in the last quarter. Versor Investments LP bought a new position in Seagate Technology in the fourth quarter valued at $591,000. Win Advisors Inc. grew its position in Seagate Technology by 97.4% in the fourth quarter. Win Advisors Inc. now owns 4,258 shares of the data storage provider’s stock valued at $1,173,000 after purchasing an additional 2,101 shares in the last quarter. Finally, Pier 88 Investment Partners LLC bought a new position in Seagate Technology in the fourth quarter valued at $733,000. Institutional investors own 92.87% of the company’s stock.

Insiders Place Their Bets

In other news, EVP John Christopher Morris sold 5,626 shares of the business’s stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $738.37, for a total value of $4,154,069.62. Following the completion of the transaction, the executive vice president directly owned 11,954 shares in the company, valued at approximately $8,826,474.98. The trade was a 32.00% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Gianluca Romano sold 1,902 shares of the business’s stock in a transaction that occurred on Thursday, May 7th. The shares were sold at an average price of $770.00, for a total transaction of $1,464,540.00. Following the completion of the transaction, the chief financial officer owned 40,945 shares of the company’s stock, valued at $31,527,650. The trade was a 4.44% 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. Over the last ninety days, insiders have sold 102,723 shares of company stock worth $53,301,684. 0.79% of the stock is currently owned by insiders.

Seagate Technology Stock Performance

Shares of STX opened at $808.79 on Wednesday. The firm has a 50-day moving average of $500.14 and a 200-day moving average of $382.23. Seagate Technology Holdings PLC has a one year low of $101.55 and a one year high of $841.31. The company has a market cap of $181.35 billion, a PE ratio of 76.74 and a beta of 1.98. The company has a debt-to-equity ratio of 3.16, a current ratio of 1.33 and a quick ratio of 0.85.

Seagate Technology (NASDAQ:STX) last posted its earnings results on Tuesday, April 28th. The data storage provider reported $4.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.51 by $0.59. The company had revenue of $3.11 billion during the quarter, compared to analysts’ expectations of $2.96 billion. Seagate Technology had a net margin of 21.60% and a return on equity of 1,005.65%. Seagate Technology’s quarterly revenue was up 44.1% compared to the same quarter last year. During the same quarter last 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 14.1 earnings per share for the current year.

Seagate Technology Announces Dividend

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

Analysts Set New Price Targets

A number of research firms recently weighed in on STX. Argus raised their target price on shares of Seagate Technology from $450.00 to $750.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. Weiss Ratings reissued a “buy (b)” rating on shares of Seagate Technology in a research report on Friday, March 27th. Mizuho lifted their price objective on shares of Seagate Technology from $565.00 to $700.00 and gave the company an “outperform” rating in a research report on Wednesday, April 29th. Loop Capital lifted their price objective on shares of Seagate Technology from $700.00 to $800.00 and gave the company a “buy” rating in a research report on Thursday, April 23rd. Finally, TD Cowen lifted their price objective on shares of Seagate Technology from $500.00 to $850.00 and gave the company a “buy” rating in a research report on Wednesday, April 29th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $719.54.

Key Headlines Impacting Seagate Technology

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

• Positive Sentiment: Evercore raised its price target on Seagate Technology from $750 to $1,000 and reiterated an outperform rating, signaling confidence in further upside from current levels.
• Positive Sentiment: BofA Securities lifted its price target to $840 from $700 and kept a Buy rating after Seagate delivered strong fiscal third-quarter 2026 results, reinforcing optimism around earnings and demand. Seagate Technology Holdings Plc (STX) Poised for Robust Growth as a Top Tech Stock in Louis Navellier’s Portfolio
• Positive Sentiment: Market commentary notes Seagate has been one of the standout tech performers in 2026, with the stock hitting all-time highs amid a multi-quarter earnings inflection and strong sector appetite for memory-related names. Seagate Technology (STX) At Its All-Time High Following A Multi-Quarter Earnings Inflection
• Neutral Sentiment: Reports showing increased attention on memory-focused funds, such as the Roundhill Memory ETF, support broader investor enthusiasm for the storage and memory cycle, which may be helping sentiment toward Seagate.
• Negative Sentiment: There was a reported increase in short interest, but the filing data appears inconsistent and showed zero shares outstanding, so this looks unlikely to be a meaningful bearish catalyst.

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.