Sequoia Financial Advisors LLC Acquires 2,211 Shares of Seagate Technology Holdings PLC $STX

Sequoia Financial Advisors LLC lifted its holdings in shares of Seagate Technology Holdings PLC (NASDAQ:STX) by 23.3% during the first quarter, HoldingsChannel reports. The firm owned 11,689 shares of the data storage provider’s stock after purchasing an additional 2,211 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Seagate Technology were worth $4,579,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. Salomon & Ludwin LLC raised its position in Seagate Technology by 124.4% in the fourth quarter. Salomon & Ludwin LLC now owns 92 shares of the data storage provider’s stock worth $27,000 after acquiring an additional 51 shares during the period. Armstrong Advisory Group Inc. purchased a new stake in shares of Seagate Technology during the 4th quarter worth approximately $28,000. Concord Wealth Partners bought a new stake in shares of Seagate Technology in the 4th quarter worth approximately $28,000. McMillan Office Inc. bought a new stake in shares of Seagate Technology in the 1st quarter worth approximately $39,000. Finally, Avion Wealth lifted its stake in Seagate Technology by 343.5% in the fourth quarter. Avion Wealth now owns 102 shares of the data storage provider’s stock valued at $28,000 after purchasing an additional 79 shares during the last quarter. Hedge funds and other institutional investors own 92.87% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on STX shares. Melius Research started coverage on Seagate Technology in a research report on Monday, June 29th. They issued a “buy” rating and a $1,600.00 target price for the company. Cantor Fitzgerald increased their price target on Seagate Technology from $1,000.00 to $1,300.00 and gave the stock an “overweight” rating in a research note on Monday, June 29th. Barclays lifted their price objective on Seagate Technology from $750.00 to $1,000.00 and gave the stock an “overweight” rating in a report on Wednesday, May 27th. The Goldman Sachs Group boosted their price objective on Seagate Technology from $385.00 to $700.00 and gave the company a “buy” rating in a research note on Wednesday, April 29th. Finally, China Renaissance increased their target price on shares of Seagate Technology from $802.00 to $983.00 in a research report on Friday, June 12th. Twenty-two research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $894.92.

Seagate Technology News Summary

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

• Positive Sentiment: Wells Fargo upgraded Seagate to Overweight from Equal Weight and lifted its price target to $1,100 from $900, citing stronger confidence in long-term earnings power and continued hard-disk-drive demand tied to AI infrastructure. Seagate Stock Rises After Analyst Upgrades To Buy. Western Digital Nabs Price-Target Hike.
• Positive Sentiment: Multiple market updates highlighted Seagate as a beneficiary of the AI data-center buildout, with commentary pointing to rising storage demand, margin expansion, and potential upside from HAMR technology and cloud spending. Cloud Giants Record $1.1T RPO: A Growth Catalyst for Seagate?
• Positive Sentiment: Seagate was also mentioned in broader analyst roundups as one of the names with improving Wall Street forecasts, reinforcing sentiment that the stock still has room to run after its recent rebound. Here Are Friday’s Best Wall Street Analyst Research Calls
• Neutral Sentiment: Recent articles also framed Seagate as part of a broader rebound in memory and storage stocks, alongside peers like Western Digital and Micron, after a sector selloff reversed. This supports the stock, but the move appears driven more by sector momentum than by a company-specific fundamental update. Seagate (STX) Stock Rebounds As AI Data Center Demand Lifts Storage Names

Seagate Technology Price Performance

Shares of NASDAQ STX opened at $910.34 on Monday. The firm has a market capitalization of $204.13 billion, a P/E ratio of 86.37 and a beta of 2.04. The company has a quick ratio of 0.85, a current ratio of 1.33 and a debt-to-equity ratio of 3.16. The stock’s 50-day simple moving average is $880.60 and its two-hundred day simple moving average is $572.75. Seagate Technology Holdings PLC has a twelve month low of $138.30 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 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $3.11 billion during the quarter, compared to the consensus estimate of $2.96 billion. During the same quarter last year, the company 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. As a group, equities analysts anticipate that Seagate Technology Holdings PLC will post 14.14 EPS for the current fiscal year.

Seagate Technology Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 7th. Stockholders of record on Wednesday, June 24th were given a dividend of $0.74 per share. The ex-dividend date was Wednesday, June 24th. This represents a $2.96 annualized dividend and a dividend yield of 0.3%. Seagate Technology’s dividend payout ratio (DPR) is 28.08%.

Insider Activity at Seagate Technology

In other Seagate Technology news, EVP John Christopher Morris sold 1,364 shares of the firm’s stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $880.19, for a total transaction of $1,200,579.16. Following the sale, the executive vice president owned 12,088 shares in the company, valued at $10,639,736.72. This trade represents a 10.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO William D. Mosley sold 9,343 shares of Seagate Technology stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $924.42, for a total value of $8,636,856.06. Following the sale, the chief executive officer directly owned 311,517 shares of the company’s stock, valued at approximately $287,972,545.14. This trade represents a 2.91% 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 quarter, insiders sold 151,069 shares of company stock valued at $126,191,753. 0.79% of the stock is currently owned by insiders.

Seagate Technology 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.