Silverleafe Capital Partners LLC Makes New $820,000 Investment in Seagate Technology Holdings PLC $STX

Silverleafe Capital Partners LLC acquired a new position in shares of Seagate Technology Holdings PLC (NASDAQ:STX) in the 3rd quarter, HoldingsChannel reports. The fund acquired 889 shares of the data storage provider’s stock, valued at approximately $820,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. QRG Capital Management Inc. raised its holdings in Seagate Technology by 15.5% in the 2nd quarter. QRG Capital Management Inc. now owns 21,081 shares of the data storage provider’s stock worth $20,343,000 after acquiring an additional 2,826 shares during the period. Envestnet Portfolio Solutions Inc. boosted its holdings in Seagate Technology by 163.4% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 3,940 shares of the data storage provider’s stock valued at $3,802,000 after acquiring an additional 2,444 shares during the period. Silicon Valley Capital Partners boosted its holdings in Seagate Technology by 1,988.5% during the second quarter. Silicon Valley Capital Partners now owns 543 shares of the data storage provider’s stock valued at $524,000 after acquiring an additional 517 shares during the period. Altar Rock LLC acquired a new stake in shares of Seagate Technology in the second quarter valued at about $260,000. Finally, Wellington Altus USA Inc. grew its position in shares of Seagate Technology by 137.3% in the second quarter. Wellington Altus USA Inc. now owns 140 shares of the data storage provider’s stock valued at $135,000 after purchasing an additional 81 shares during the last quarter. 92.87% of the stock is currently owned by institutional investors and hedge funds.

Seagate Technology Stock Performance

Shares of NASDAQ:STX traded down $96.58 on Friday, hitting $848.99. 13,553,643 shares of the company were exchanged, compared to its average volume of 4,352,906. The company’s 50 day moving average price is $854.72 and its two-hundred day moving average price is $776.28. The firm has a market capitalization of $193.05 billion, a price-to-earnings ratio of 61.17 and a beta of 2.06. The company has a debt-to-equity ratio of 1.56, a quick ratio of 1.17 and a current ratio of 1.67. Seagate Technology Holdings PLC has a one year low of $209.00 and a one year high of $1,145.00.

Seagate Technology (NASDAQ:STX) last released its earnings results on Tuesday, July 28th. The data storage provider reported $5.71 earnings per share for the quarter, beating the consensus estimate of $5.10 by $0.61. Seagate Technology had a net margin of 26.11% and a return on equity of 369.98%. The business had revenue of $3.63 billion during the quarter, compared to analysts’ expectations of $3.50 billion. During the same quarter last year, the company earned $2.59 earnings per share. The firm’s revenue was up 48.5% on a year-over-year basis. Seagate Technology has set its Q1 2027 guidance at 7.100-7.500 EPS. Research analysts expect that Seagate Technology Holdings PLC will post 35.7 earnings per share for the current year.

Seagate Technology Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 7th. Shareholders of record on Thursday, September 24th will be given a $0.74 dividend. The ex-dividend date is Thursday, September 24th. This represents a $2.96 dividend on an annualized basis and a dividend yield of 0.3%. Seagate Technology’s dividend payout ratio (DPR) is currently 21.33%.

Key Seagate Technology News

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

• Positive Sentiment: AI data-center growth continues to support demand for high-capacity hard drives, and Seagate has benefited from record margins and capacity that was reportedly close to fully allocated. The company remains positioned to supply the rapidly expanding need to store AI-generated data. AI Needs Massive Storage. Seagate Is Ready
• Positive Sentiment: Seagate’s recent operating momentum has been substantial: quarterly revenue and earnings exceeded expectations, with revenue rising strongly year over year. That performance demonstrates the benefit of tight industry supply and robust AI-related demand.
• Neutral Sentiment: Seagate’s stock had already risen more than 270% over the past year, prompting debate over whether its valuation fully reflects the AI-storage opportunity. Investors are weighing continued demand growth against the risk that the current shortage-driven earnings surge is temporary. Seagate Is Selling Into a Shortage. What Happens When It Ends?
• Negative Sentiment: Toshiba reportedly plans to double HDD production capacity for drives used in AI data centers during fiscal 2027, while other reports described an ambition to substantially increase market share. The potential influx of competing supply threatens to reduce scarcity, limit future price increases, and intensify competition for Seagate and Western Digital. Seagate Stock and Western Digital Tumble as AI Shortage Shows Signs of Easing

Insider Transactions at Seagate Technology

In other news, CFO Gianluca Romano sold 49,984 shares of Seagate Technology stock in a transaction that occurred on Tuesday, September 15th. The stock was sold at an average price of $772.16, for a total transaction of $38,595,645.44. Following the sale, the chief financial officer owned 70,756 shares of the company’s stock, valued at approximately $54,634,952.96. This trade represents a 41.40% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, EVP Ban Teh sold 52,730 shares of the business’s stock in a transaction that occurred on Tuesday, September 15th. The shares were sold at an average price of $782.08, for a total value of $41,239,078.40. Following the sale, the executive vice president owned 5,810 shares in the company, valued at approximately $4,543,884.80. This represents a 90.08% 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 466,959 shares of company stock worth $378,840,741 over the last 90 days. Insiders own 0.51% of the company’s stock.

Analysts Set New Price Targets

STX has been the topic of a number of recent analyst reports. Mizuho lifted their price objective on Seagate Technology from $875.00 to $1,090.00 and gave the stock an “outperform” rating in a research note on Monday, June 8th. TD Cowen increased their target price on Seagate Technology from $850.00 to $1,000.00 and gave the company a “buy” rating in a research note on Wednesday, July 29th. Rosenblatt Securities raised their target price on Seagate Technology from $1,300.00 to $1,400.00 and gave the company a “buy” rating in a report on Wednesday, July 29th. Citigroup lifted their price target on Seagate Technology from $1,240.00 to $1,300.00 and gave the stock a “buy” rating in a research report on Wednesday, July 29th. Finally, Wall Street Zen upgraded Seagate Technology from a “buy” rating to a “strong-buy” rating in a report on Saturday, September 26th. Twenty-two analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, Seagate Technology currently has an average rating of “Moderate Buy” and a consensus price target of $986.00.

About Seagate Technology

Seagate Technology Holdings plc is a data storage technology company that designs, manufactures and supplies solutions for storing, managing and accessing digital information. Its product portfolio is centered on hard disk drives (HDDs), including high-capacity drives used in cloud data centers, enterprise environments, surveillance systems, network-attached storage and personal computing.

The company also offers solid-state drives (SSDs), storage systems, external storage products and related services.