Keystone Financial Group Sells 4,971 Shares of Seagate Technology Holdings PLC $STX

Keystone Financial Group cut its position in shares of Seagate Technology Holdings PLC (NASDAQ:STX) by 7.3% during the 4th quarter, Holdings Channel.com reports. The firm owned 62,817 shares of the data storage provider’s stock after selling 4,971 shares during the period. Seagate Technology accounts for approximately 1.3% of Keystone Financial Group’s holdings, making the stock its 18th largest holding. Keystone Financial Group’s holdings in Seagate Technology were worth $17,299,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Integrated Wealth Concepts LLC raised its position in Seagate Technology by 168.0% in 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 position in Seagate Technology in the 2nd quarter worth $262,000. Cerity Partners LLC raised its position 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 worth $5,294,000 after purchasing an additional 7,517 shares during the period. Sei Investments Co. raised its position in Seagate Technology by 64.8% in the 2nd quarter. Sei Investments Co. now owns 8,543 shares of the data storage provider’s stock worth $1,233,000 after purchasing an additional 3,358 shares during the period. Finally, The Manufacturers Life Insurance Company raised its position in Seagate Technology by 0.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 127,887 shares of the data storage provider’s stock worth $18,458,000 after purchasing an additional 462 shares during the period. 92.87% of the stock is currently owned by institutional investors.

Seagate Technology Stock Performance

NASDAQ:STX opened at $810.46 on Friday. The stock has a market cap of $181.73 billion, a P/E ratio of 76.89 and a beta of 1.98. The firm’s fifty day simple moving average is $557.38 and its 200 day simple moving average is $408.64. Seagate Technology Holdings PLC has a twelve month low of $105.35 and a twelve month high of $841.31. The company has a quick ratio of 0.85, a current ratio of 1.33 and a debt-to-equity ratio of 3.16.

Seagate Technology (NASDAQ:STX) last posted its earnings results on Tuesday, April 28th. The data storage provider reported $4.10 earnings per share for the quarter, topping 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 for the quarter, compared to the consensus estimate of $2.96 billion. During the same quarter in the prior year, the business earned $1.90 EPS. The business’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, research analysts predict that Seagate Technology Holdings PLC will post 14.1 EPS for the current year.

Seagate Technology Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 7th. Shareholders of record on Wednesday, June 24th will be issued a dividend of $0.74 per share. The ex-dividend date is Wednesday, June 24th. This represents a $2.96 dividend on an annualized basis and a dividend yield of 0.4%. Seagate Technology’s dividend payout ratio is 28.08%.

Insider Activity

In related news, CEO William D. Mosley sold 30,000 shares of the stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $751.29, for a total value of $22,538,700.00. Following the completion of the transaction, the chief executive officer directly owned 339,591 shares in the company, valued at $255,131,322.39. This trade represents a 8.12% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Ban Seng Teh sold 8,003 shares of the stock in a transaction dated Thursday, May 14th. The stock was sold at an average price of $817.28, for a total transaction of $6,540,691.84. Following the completion of the transaction, the executive vice president owned 3,691 shares of the company’s stock, valued at approximately $3,016,580.48. The trade was a 68.44% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 148,283 shares of company stock worth $88,528,318. Company insiders own 0.79% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on STX. Rosenblatt Securities lifted their target price on shares of Seagate Technology from $500.00 to $1,000.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. UBS Group lifted their target price on shares of Seagate Technology from $515.00 to $545.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 29th. Wall Street Zen upgraded Seagate Technology from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. Wedbush boosted their price objective on Seagate Technology from $700.00 to $825.00 and gave the company an “outperform” rating in a research report on Monday, April 27th. Finally, Loop Capital boosted their price objective on Seagate Technology from $950.00 to $1,140.00 and gave the company a “buy” rating in a research report on Friday, May 15th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, Seagate Technology currently has an average rating of “Moderate Buy” and an average price target of $733.71.

Key Headlines Impacting Seagate Technology

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

• Positive Sentiment: Seagate stock gained attention after Nvidia’s strong earnings reinforced the theme of heavy AI infrastructure spending, which supports demand for storage and memory products. Seagate Stock, Western Digital Bounce Back After Nvidia Results
• Positive Sentiment: CEO Dave Mosley’s comments that Seagate is prioritizing technology transitions within existing factories, rather than building new capacity, highlighted potential supply tightness and pricing power as AI storage demand rises. Seagate Capacity Shift Raises AI Supply Questions And Valuation Opportunity
• Positive Sentiment: Billionaire investor Stanley Druckenmiller reportedly rotated into Seagate and other AI memory names, adding a sentiment boost for the stock. Billionaire Stanley Druckenmiller Dumped Every Share of Alphabet. He Bought AI Memory Stocks Up 581% to 3,467% Instead
• Neutral Sentiment: Seagate announced exchanges for $185.9 million of exchangeable notes, a balance-sheet event that may reduce debt-related overhang but is not a direct operating catalyst. Seagate Announces Exchanges with Holders of $185.908 Million Principal Amount of Exchangeable Notes
• Neutral Sentiment: CEO William D. Mosley sold 30,000 shares in a pre-arranged 10b5-1 transaction, which can weigh on sentiment slightly but does not necessarily signal a change in outlook. SEC Form 4 filing
• Negative Sentiment: Some commentary from market watchers questioned Seagate’s valuation, calling the stock “too pricey,” which could create short-term pressure if investors focus on multiples rather than growth. Jim Cramer on Seagate: “Too Pricey”

Seagate Technology Company 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.