Whitaker Myers Wealth Managers LTD. Grows Stock Position in Seagate Technology Holdings PLC $STX

Whitaker Myers Wealth Managers LTD. increased its position in shares of Seagate Technology Holdings PLC (NASDAQ:STX) by 47.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 5,689 shares of the data storage provider’s stock after buying an additional 1,818 shares during the quarter. Whitaker Myers Wealth Managers LTD.’s holdings in Seagate Technology were worth $1,567,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Armstrong Advisory Group Inc. acquired a new stake in shares of Seagate Technology during the 4th quarter worth about $28,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Seagate Technology in the 4th quarter valued at about $37,000. First Horizon Corp purchased a new stake in Seagate Technology in the 3rd quarter valued at about $33,000. Raiffeisen Bank International AG purchased a new stake in Seagate Technology in the 3rd quarter valued at about $33,000. Finally, Physician Wealth Advisors Inc. raised its holdings in Seagate Technology by 43.7% in the 3rd quarter. Physician Wealth Advisors Inc. now owns 148 shares of the data storage provider’s stock valued at $35,000 after buying an additional 45 shares during the period. Hedge funds and other institutional investors own 92.87% of the company’s stock.

Insider Buying and Selling at Seagate Technology

In other news, CEO William D. Mosley sold 20,000 shares of the stock in a transaction dated Wednesday, April 1st. The shares were sold at an average price of $420.73, for a total transaction of $8,414,600.00. Following the sale, the chief executive officer owned 355,591 shares of the company’s stock, valued at approximately $149,607,801.43. This represents a 5.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Ban Seng Teh sold 20,195 shares of the stock in a transaction dated Thursday, January 29th. The stock was sold at an average price of $442.29, for a total transaction of $8,932,046.55. Following the sale, the executive vice president directly owned 3,092 shares in the company, valued at $1,367,560.68. This represents a 86.72% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 113,635 shares of company stock valued at $47,133,843. Corporate insiders own 0.79% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on STX. Evercore boosted their price objective on shares of Seagate Technology from $450.00 to $550.00 and gave the company an “outperform” rating in a report on Wednesday. Susquehanna upgraded shares of Seagate Technology from a “negative” rating to a “neutral” rating and boosted their price objective for the company from $150.00 to $280.00 in a report on Friday, January 16th. Wells Fargo & Company boosted their price objective on shares of Seagate Technology from $360.00 to $450.00 and gave the company an “equal weight” rating in a report on Wednesday, January 28th. Mizuho boosted their price objective on shares of Seagate Technology from $440.00 to $475.00 and gave the company an “outperform” rating in a report on Tuesday, February 17th. Finally, Citigroup boosted their price objective on shares of Seagate Technology from $460.00 to $480.00 and gave the company a “buy” rating in a report on Friday, February 6th. Nineteen equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $473.92.

Seagate Technology Stock Up 0.9%

Shares of STX opened at $500.77 on Friday. The stock has a market capitalization of $109.20 billion, a PE ratio of 56.65, a P/E/G ratio of 1.08 and a beta of 1.61. Seagate Technology Holdings PLC has a 1 year low of $67.63 and a 1 year high of $517.18. The company has a debt-to-equity ratio of 7.63, a quick ratio of 0.72 and a current ratio of 1.12. The company’s 50-day simple moving average is $410.33 and its 200-day simple moving average is $321.22.

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

Seagate Technology Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 8th. Stockholders of record on Wednesday, March 25th were given a dividend of $0.74 per share. This represents a $2.96 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend was Wednesday, March 25th. Seagate Technology’s dividend payout ratio is currently 33.48%.

More Seagate Technology News

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

• Positive Sentiment: AI/datacenter demand is lifting HDD pricing and margins — analysts and commentators say stronger pricing power for high?capacity drives is boosting revenue and gross margins, an important tailwind for Seagate’s core HDD business. Read More.
• Positive Sentiment: Broker upgrades and higher price targets (Evercore to $550; Bernstein to $620; JPMorgan coverage initiation) are reinforcing bullish sentiment and institutional demand, supporting the recent run in the stock. Read More.
• Positive Sentiment: Seagate is seen as a beneficiary of NVIDIA?led data center buildouts — coverage pieces highlight Seagate among hardware suppliers gaining from the AI storage cycle, underpinning expectations for multi?year demand. Read More.
• Neutral Sentiment: Seagate sold its Lyve Cloud business to Wasabi Technologies and received equity in Wasabi — this simplifies Seagate’s portfolio and preserves upside via an equity stake, but financial terms weren’t disclosed so near?term impact on EPS and cash flow is unclear. Read More.
• Neutral Sentiment: Recent price momentum and coverage pieces highlighting strong multi?period returns draw attention but are descriptive — they explain why momentum is strong but don’t guarantee continued gains. Read More.
• Negative Sentiment: Valuation and execution risk after the rally — the stock’s sizable run and a relatively high trailing PE increase the risk of a pullback if HDD pricing or AI capex expectations disappoint. Read More.

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.