Sara Bay Financial Has $2.94 Million Stake in Seagate Technology Holdings PLC $STX

Sara Bay Financial lowered its holdings in Seagate Technology Holdings PLC (NASDAQ:STX) by 20.5% in the first quarter, Holdings Channel reports. The firm owned 7,494 shares of the data storage provider’s stock after selling 1,927 shares during the quarter. Seagate Technology comprises about 0.9% of Sara Bay Financial’s holdings, making the stock its 17th biggest position. Sara Bay Financial’s holdings in Seagate Technology were worth $2,936,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Sovereign Financial Group Inc. lifted its position in Seagate Technology by 19.7% during the 1st quarter. Sovereign Financial Group Inc. now owns 1,272 shares of the data storage provider’s stock worth $498,000 after buying an additional 209 shares in the last quarter. Athena Wealth Management LLC boosted its stake in shares of Seagate Technology by 38.7% during the 1st quarter. Athena Wealth Management LLC now owns 2,939 shares of the data storage provider’s stock worth $1,151,000 after buying an additional 820 shares during the last quarter. Anchyra Partners LLC bought a new position in shares of Seagate Technology in the 1st quarter valued at about $289,000. Brookstone Capital Management grew its holdings in shares of Seagate Technology by 32.9% in the 1st quarter. Brookstone Capital Management now owns 16,185 shares of the data storage provider’s stock valued at $6,341,000 after acquiring an additional 4,009 shares in the last quarter. Finally, Evolve Private Wealth LLC increased its position in shares of Seagate Technology by 238.2% in the first quarter. Evolve Private Wealth LLC now owns 3,859 shares of the data storage provider’s stock valued at $1,512,000 after acquiring an additional 2,718 shares during the last quarter. 92.87% of the stock is currently owned by institutional investors and hedge funds.

Key Headlines Impacting Seagate Technology

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

• Positive Sentiment: Mizuho raised its price target on Seagate to $1,090 from $875 and kept an Outperform rating, citing higher estimates after the company’s AI-related results, which supports the bull case for continued upside. Mizuho Lifts PT on Seagate Technology Holdings (STX)
• Positive Sentiment: Multiple articles highlighted Seagate as a top AI memory/storage stock, with investors focusing on strong demand for nearline hard drives and data storage needed for AI workloads, a theme that has helped drive the stock’s sharp rally. Mizuho Lifts PT on Seagate Technology Holdings (STX)
• Neutral Sentiment: Commentary from 247WallSt noted that Seagate’s valuation now looks stretched after its parabolic run, and suggested the risk/reward is less attractive without a pullback, which may temper enthusiasm even though the longer-term AI story remains intact. Buy, Hold, or Sell: Wall Street Fears Tech Compression, but This AI Storage Monster Has a Hidden Weapon
• Neutral Sentiment: Market chatter also focused on how much further STX can rally after rising roughly 290% year to date, indicating strong momentum but also raising expectations that could limit near-term gains. Up 290% YTD, How High Can Seagate Rally?
• Negative Sentiment: Fox Advisors downgraded Seagate from Overweight to Equal Weight, suggesting some analysts think much of the good news is already reflected in the stock price. Finviz downgrade mention
• Negative Sentiment: A broader selloff in memory-related stocks briefly pressured sentiment across the group, as investors reacted to macro and geopolitical risk; that kind of weakness can spill over into Seagate even when the company-specific outlook remains strong. Memory Stock Rout Hits Popular DRAM ETF

Seagate Technology Trading Down 5.1%

Shares of NASDAQ:STX opened at $1,038.59 on Wednesday. Seagate Technology Holdings PLC has a 52-week low of $133.85 and a 52-week high of $1,145.00. The company has a market capitalization of $232.88 billion, a P/E ratio of 98.54 and a beta of 2.04. The company has a 50-day simple moving average of $791.71 and a 200 day simple moving average of $516.18. The company has a debt-to-equity ratio of 3.16, a quick ratio of 0.85 and a current ratio of 1.33.

Seagate Technology (NASDAQ:STX) last posted its quarterly earnings results on Tuesday, April 28th. The data storage provider reported $4.10 EPS for the quarter, topping analysts’ consensus estimates of $3.51 by $0.59. The business had revenue of $3.11 billion during the quarter, compared to analysts’ expectations of $2.96 billion. Seagate Technology had a return on equity of 1,005.65% and a net margin of 21.60%.Seagate Technology’s quarterly revenue was up 44.1% on a year-over-year basis. During the same quarter last year, the company posted $1.90 earnings per share. Seagate Technology has set its Q4 2026 guidance at 4.800-5.200 EPS. Sell-side analysts forecast that Seagate Technology Holdings PLC will post 14.14 earnings per share for the current year.

Seagate Technology Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 7th. Stockholders of record on Wednesday, June 24th will be paid a dividend of $0.74 per share. This represents a $2.96 annualized dividend and a dividend yield of 0.3%. The ex-dividend date is Wednesday, June 24th. Seagate Technology’s payout ratio is currently 28.08%.

Analyst Ratings Changes

Several analysts recently issued reports on STX shares. Loop Capital upped their target price on Seagate Technology from $950.00 to $1,140.00 and gave the stock a “buy” rating in a report on Friday, May 15th. Mizuho boosted their price target on Seagate Technology from $875.00 to $1,090.00 and gave the stock an “outperform” rating in a research report on Monday, June 8th. Rosenblatt Securities upped their price objective on Seagate Technology from $500.00 to $1,000.00 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. Susquehanna increased their price objective on Seagate Technology from $485.00 to $615.00 and gave the company a “neutral” rating in a report on Wednesday, April 29th. Finally, JPMorgan Chase & Co. increased their price objective on Seagate Technology from $775.00 to $920.00 and gave the company an “overweight” rating in a report on Thursday, June 11th. One investment analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $831.79.

Insiders Place Their Bets

In other Seagate Technology news, CEO William D. Mosley sold 30,000 shares of the firm’s stock in a transaction on Wednesday, May 20th. The stock was 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 of the company’s stock, valued at $255,131,322.39. This trade represents a 8.12% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Gianluca Romano sold 22,488 shares of Seagate Technology stock in a transaction on Wednesday, May 6th. The stock was sold at an average price of $774.22, for a total transaction of $17,410,659.36. Following the transaction, the chief financial officer directly owned 42,847 shares of the company’s stock, valued at approximately $33,173,004.34. This trade represents a 34.42% 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. Over the last quarter, insiders have sold 141,069 shares of company stock valued at $107,161,712. 0.79% of the stock is owned by insiders.

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.