Seagate Technology Holdings PLC $STX Shares Sold by Insight Wealth Strategies LLC

Insight Wealth Strategies LLC trimmed its holdings in Seagate Technology Holdings PLC (NASDAQ:STX) by 49.7% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 9,799 shares of the data storage provider’s stock after selling 9,665 shares during the period. Insight Wealth Strategies LLC’s holdings in Seagate Technology were worth $8,968,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Integrated Wealth Concepts LLC grew its holdings in shares of Seagate Technology by 168.0% during the 1st quarter. Integrated Wealth Concepts LLC now owns 7,177 shares of the data storage provider’s stock worth $610,000 after purchasing an additional 4,499 shares during the period. Sivia Capital Partners LLC purchased a new stake in Seagate Technology in the 2nd quarter valued at about $262,000. Cerity Partners LLC raised its holdings in Seagate Technology by 25.8% in the 2nd quarter. Cerity Partners LLC now owns 36,682 shares of the data storage provider’s stock valued at $5,294,000 after buying an additional 7,517 shares during the period. Sei Investments Co. lifted its position in Seagate Technology by 64.8% in the second quarter. Sei Investments Co. now owns 8,543 shares of the data storage provider’s stock valued at $1,233,000 after buying an additional 3,358 shares during the last quarter. Finally, The Manufacturers Life Insurance Company lifted its position in Seagate Technology by 0.4% in the second quarter. The Manufacturers Life Insurance Company now owns 127,887 shares of the data storage provider’s stock valued at $18,458,000 after buying an additional 462 shares during the last quarter. Institutional investors and hedge funds own 92.87% of the company’s stock.

More Seagate Technology News

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

• Positive Sentiment: AI-related data-center expansion is driving demand for Seagate’s nearline mass-capacity hard drives. Reports highlight that capacity is largely allocated through 2027, while multi-year contracts and a supply-disciplined market could support pricing and margins. Seagate Technology: AI Runs On Disks Nobody Else Wants To Make
• Positive Sentiment: Seagate’s HAMR-based Mozaic platform and improving storage density are viewed as long-term competitive advantages. Analysts also point to strong data-center growth, long-term capacity agreements and the company’s build-to-order model as supporting future expansion. Seagate Technology Gains From AI Boom: Is Long-Term Growth Secured?
• Positive Sentiment: The company’s latest quarterly results exceeded expectations, with earnings and revenue above consensus and revenue up 48.5% year over year. Management’s quarterly EPS outlook of $7.10 to $7.50 reinforces expectations for continued earnings momentum.
• Neutral Sentiment: Reported short interest was listed at zero shares, with a zero-day days-to-cover ratio. Because the data also showed an undefined percentage change, it provides little meaningful information about short-seller positioning.
• Negative Sentiment: CFO Gianluca Romano sold a combined 22,211 shares in three transactions worth approximately $17.8 million. The sales were executed under a pre-arranged Rule 10b5-1 plan, reducing their significance as a discretionary bearish signal, but they still represent a notable reduction in his direct ownership. SEC Insider Trading Filing
• Negative Sentiment: Commentary remains cautious about valuation after the substantial rally. While rising storage prices, stronger margins and AI demand support growth, the elevated earnings multiple leaves less room for execution or demand-related disappointments. Does STX Stock Still Have More Room to Run After Solid Q4 Earnings?

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. Rosenblatt Securities lifted their price target on shares of Seagate Technology from $1,300.00 to $1,400.00 and gave the company a “buy” rating in a research report on Wednesday, July 29th. TD Cowen upped their price objective on shares of Seagate Technology from $850.00 to $1,000.00 and gave the stock a “buy” rating in a report on Wednesday, July 29th. Wells Fargo & Company lifted their target price on shares of Seagate Technology from $1,100.00 to $1,180.00 and gave the company an “overweight” rating in a report on Wednesday, July 29th. BNP Paribas Exane boosted their target price on Seagate Technology from $530.00 to $860.00 and gave the company an “outperform” rating in a research report on Wednesday, April 29th. Finally, China Renaissance upped their price target on Seagate Technology from $802.00 to $983.00 in a research note on Friday, June 12th. One analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $986.00.

Insiders Place Their Bets

In other Seagate Technology news, CFO Gianluca Romano sold 14,091 shares of the stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $811.25, for a total value of $11,431,323.75. Following the sale, the chief financial officer directly owned 21,543 shares of the company’s stock, valued at approximately $17,476,758.75. This represents a 39.54% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO William D. Mosley sold 30,000 shares of the firm’s stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $751.29, for a total transaction of $22,538,700.00. Following the completion of the sale, the chief executive officer 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. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 164,292 shares of company stock worth $138,378,957 in the last 90 days. Corporate insiders own 0.79% of the company’s stock.

Seagate Technology Trading Up 2.4%

NASDAQ:STX opened at $820.52 on Wednesday. Seagate Technology Holdings PLC has a 12-month low of $152.05 and a 12-month high of $1,145.00. The firm has a market cap of $185.97 billion, a PE ratio of 59.12 and a beta of 2.06. The company has a current ratio of 1.67, a quick ratio of 1.17 and a debt-to-equity ratio of 1.56. The stock has a fifty day moving average price of $890.19 and a 200 day moving average price of $654.82.

Seagate Technology (NASDAQ:STX) last issued its quarterly earnings results on Tuesday, July 28th. The data storage provider reported $5.71 earnings per share for the quarter, topping the consensus estimate of $5.10 by $0.61. Seagate Technology had a return on equity of 369.98% and a net margin of 26.11%.The company had revenue of $3.63 billion for the quarter, compared to the consensus estimate of $3.50 billion. During the same quarter in the prior year, the business earned $2.59 EPS. Seagate Technology’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. Sell-side analysts anticipate that Seagate Technology Holdings PLC will post 34.42 earnings per share for the current fiscal year.

Seagate Technology Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 7th. Investors of record on Thursday, September 24th will be paid a $0.74 dividend. The ex-dividend date is Thursday, September 24th. This represents a $2.96 dividend on an annualized basis and a yield of 0.4%. Seagate Technology’s payout ratio is currently 21.33%.

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.