Left Brain Wealth Management LLC Invests $732,000 in Seagate Technology Holdings PLC $STX

Left Brain Wealth Management LLC acquired a new stake in Seagate Technology Holdings PLC (NASDAQ:STX) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 3,100 shares of the data storage provider’s stock, valued at approximately $732,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Vanguard Group Inc. raised its position in Seagate Technology by 1.6% in the 3rd quarter. Vanguard Group Inc. now owns 28,140,287 shares of the data storage provider’s stock valued at $6,642,796,000 after purchasing an additional 442,749 shares in the last quarter. State Street Corp increased its stake in shares of Seagate Technology by 5.0% during the second quarter. State Street Corp now owns 9,001,365 shares of the data storage provider’s stock worth $1,305,499,000 after buying an additional 432,455 shares during the period. WCM Investment Management LLC acquired a new stake in Seagate Technology in the third quarter valued at approximately $1,187,621,000. Geode Capital Management LLC raised its holdings in Seagate Technology by 1.9% in the second quarter. Geode Capital Management LLC now owns 4,567,181 shares of the data storage provider’s stock valued at $656,066,000 after acquiring an additional 85,660 shares in the last quarter. Finally, Soroban Capital Partners LP lifted its stake in Seagate Technology by 1,468.1% in the second quarter. Soroban Capital Partners LP now owns 1,417,600 shares of the data storage provider’s stock worth $204,602,000 after acquiring an additional 1,327,197 shares during the last quarter. 92.87% of the stock is owned by institutional investors and hedge funds.

Key Seagate Technology News

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

• Positive Sentiment: Seagate began volume production and qualification of its Mozaic 4+ HAMR platform with two hyperscale cloud customers, supporting up to 44TB drives and signaling meaningful share?gain potential in AI/cloud storage workloads. Seagate Mozaic 4 Plus HAMR Rollout Tests AI Storage Growth Story
• Positive Sentiment: Analysts are lifting targets and optimism around HAMR-driven margins and durable demand — Bernstein recently raised STX’s price target materially, supporting upside to consensus valuation. Seagate Technology Holdings plc (STX) Price Target Raised, HAMR Technology Drives Cost Savings
• Positive Sentiment: Zacks added STX to its Rank #1 (Strong Buy) growth lists on March 4 and March 5, reflecting favorable analyst momentum and reinforcing buy-side interest. Best Growth Stocks to Buy for March 5th
• Neutral Sentiment: Coverage and media mentions (market mover roundups, institutional commentary) keep STX in investor view but do not by themselves change fundamentals. These Stocks Are Today’s Movers
• Negative Sentiment: CEO William Mosley sold 20,000 shares (~$7.7M) on March 2 — an insider sale that can prompt short?term selling and be read as executive profit?taking. SEC Form 4
• Negative Sentiment: Broader sector risk hit storage names after a geopolitical/energy shock and semiconductor sell?off; that market flow is pressuring STX despite company?specific wins. Western Digital vs Seagate After the Sell-Off
• Negative Sentiment: Valuation and balance?sheet considerations remain a concern — STX trades at a high P/E and carries elevated leverage, which can amplify downside if macro demand or pricing weakens.

Seagate Technology Stock Performance

NASDAQ STX opened at $367.34 on Friday. The company has a fifty day moving average of $366.86 and a two-hundred day moving average of $281.41. The company has a debt-to-equity ratio of 7.63, a current ratio of 1.12 and a quick ratio of 0.72. Seagate Technology Holdings PLC has a 1 year low of $63.19 and a 1 year high of $459.84. The company has a market capitalization of $80.11 billion, a PE ratio of 41.55, a P/E/G ratio of 0.84 and a beta of 1.61.

Seagate Technology (NASDAQ:STX) last posted its earnings results on Tuesday, January 27th. The data storage provider reported $3.11 earnings per share for the quarter, beating the consensus estimate of $2.77 by $0.34. The business had revenue of $2.83 billion during the quarter, compared to the consensus estimate of $2.73 billion. Seagate Technology had a negative return on equity of 936.38% and a net margin of 19.59%.The business’s quarterly revenue was up 21.5% on a year-over-year basis. During the same period in the previous year, the business earned $2.03 EPS. Seagate Technology has set its Q3 2026 guidance at 3.200-3.600 EPS. As a group, analysts expect that Seagate Technology Holdings PLC will post 6.83 earnings per share for the current year.

Seagate Technology Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 8th. Stockholders of record on Wednesday, March 25th will be issued a $0.74 dividend. This represents a $2.96 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend is Wednesday, March 25th. Seagate Technology’s dividend payout ratio is presently 33.48%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on STX shares. Zacks Research raised shares of Seagate Technology from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 17th. The Goldman Sachs Group increased their target price on Seagate Technology from $310.00 to $385.00 and gave the company a “buy” rating in a report on Wednesday, January 28th. Weiss Ratings restated a “buy (b)” rating on shares of Seagate Technology in a research note on Monday, December 29th. Susquehanna raised Seagate Technology from a “negative” rating to a “neutral” rating and upped their price objective for the stock from $150.00 to $280.00 in a research report on Friday, January 16th. Finally, Evercore increased their price objective on Seagate Technology from $330.00 to $450.00 and gave the company an “outperform” rating in a report on Wednesday, January 28th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, Seagate Technology currently has an average rating of “Moderate Buy” and a consensus target price of $447.35.

Insider Buying and Selling at Seagate Technology

In related news, Director Jay L. Geldmacher sold 925 shares of the company’s stock in a transaction on Friday, January 30th. The shares were sold at an average price of $448.02, for a total value of $414,418.50. Following the completion of the sale, the director owned 223 shares in the company, valued at $99,908.46. This represents a 80.57% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO William D. Mosley sold 20,000 shares of the stock in a transaction on Friday, January 2nd. The stock was sold at an average price of $285.56, for a total transaction of $5,711,200.00. Following the sale, the chief executive officer owned 429,895 shares of the company’s stock, valued at approximately $122,760,816.20. This represents a 4.45% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 89,051 shares of company stock valued at $34,430,409. 0.79% of the stock is owned by company insiders.

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.