SHP Wealth Management Acquires New Shares in Seagate Technology Holdings PLC $STX

SHP Wealth Management acquired a new position in Seagate Technology Holdings PLC (NASDAQ:STX) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 914 shares of the data storage provider’s stock, valued at approximately $252,000.

Several other hedge funds have also recently bought and sold shares of STX. State Street Corp raised its holdings in Seagate Technology by 1.0% during the fourth quarter. State Street Corp now owns 9,370,805 shares of the data storage provider’s stock valued at $2,587,535,000 after buying an additional 94,527 shares in the last quarter. Morgan Stanley boosted its stake in shares of Seagate Technology by 5.1% during the 4th quarter. Morgan Stanley now owns 5,317,516 shares of the data storage provider’s stock worth $1,464,391,000 after acquiring an additional 258,151 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Seagate Technology by 5.0% during the 4th quarter. Geode Capital Management LLC now owns 4,896,815 shares of the data storage provider’s stock worth $1,343,683,000 after acquiring an additional 234,436 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in shares of Seagate Technology by 8.3% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,193,063 shares of the data storage provider’s stock valued at $879,338,000 after acquiring an additional 243,551 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA raised its stake in shares of Seagate Technology by 1,510.1% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 2,008,516 shares of the data storage provider’s stock valued at $553,125,000 after acquiring an additional 1,883,769 shares in the last quarter. 92.87% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Seagate Technology

In related news, CEO William D. Mosley sold 30,000 shares of the business’s stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $751.29, for a total transaction of $22,538,700.00. Following the transaction, the chief executive officer directly owned 339,591 shares in the company, valued at $255,131,322.39. The trade was a 8.12% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at 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 the company’s stock in a transaction that occurred on Thursday, May 14th. The shares were sold at an average price of $817.28, for a total value of $6,540,691.84. Following the completion of the transaction, the executive vice president directly owned 3,691 shares of the company’s stock, valued at approximately $3,016,580.48. This trade represents a 68.44% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 141,069 shares of company stock worth $107,161,712. 0.79% of the stock is owned by insiders.

Seagate Technology Price Performance

Shares of NASDAQ:STX opened at $1,070.23 on Friday. The company has a market cap of $239.98 billion, a price-to-earnings ratio of 101.54 and a beta of 2.04. The business has a 50 day moving average price of $769.13 and a 200 day moving average price of $503.22. The company has a quick ratio of 0.85, a current ratio of 1.33 and a debt-to-equity ratio of 3.16. Seagate Technology Holdings PLC has a twelve month low of $130.32 and a twelve month high of $1,145.00.

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

Seagate Technology Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 7th. Investors of record on Wednesday, June 24th will be given a dividend of $0.74 per share. The ex-dividend date of this dividend is Wednesday, June 24th. This represents a $2.96 dividend on an annualized basis and a yield of 0.3%. Seagate Technology’s payout ratio is 28.08%.

Key Stories Impacting Seagate Technology

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

• Positive Sentiment: Analysts highlighted Seagate as a momentum pick tied to AI-driven data-center growth, saying demand for large-scale storage solutions could drive upside for STX. Seagate & Another AI Memory Momentum Stock With Big Upside
• Positive Sentiment: JPMorgan reaffirmed an Overweight rating and raised its price target on Seagate to $920 from $775, citing a constructive outlook for pricing and incremental margins. Why JPMorgan Remains Bullish on Seagate Technology Holdings plc (STX)
• Positive Sentiment: More coverage pointed to AI’s data explosion creating a multi-year growth runway for Seagate’s HAMR-based Mozaic platform, reinforcing the case for rising storage demand across cloud and data centers. AI’s Data Explosion Creates a Multi-Year Growth Runway for Seagate
• Positive Sentiment: Memory and storage stocks were broadly stronger after Apple flagged rising memory costs, which helped lift sentiment across the group, including STX. MU, WDC, SNDK, STX Stocks Rally Overnight After Apple Flags Memory Cost Surge
• Neutral Sentiment: One report noted that a broader market rotation favored financials over tech, which could have created some headwind for technology shares despite Seagate-specific bullish catalysts. Financials Rose, Tech Fell Before Kevin Warsh Fed Debut
• Neutral Sentiment: There was also insider selling by Seagate executives, but the article argued it was not necessarily a negative signal for the business outlook. Seagate’s C-Suite Just Sold Stock. It’s Not the Signal You Think.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. The Goldman Sachs Group boosted their target price on Seagate Technology from $385.00 to $700.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th. UBS Group lifted their price target on shares of Seagate Technology from $515.00 to $545.00 and gave the company a “neutral” rating in a research report on Wednesday, April 29th. Loop Capital lifted their price target on shares of Seagate Technology from $950.00 to $1,140.00 and gave the company a “buy” rating in a research report on Friday, May 15th. Bank of America boosted their price objective on shares of Seagate Technology from $900.00 to $1,000.00 in a research note on Monday, June 8th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Seagate Technology from $775.00 to $920.00 and gave the stock an “overweight” rating in a report on Thursday, June 11th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $831.79.

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.