Harbor Investment Advisory LLC Has $431,000 Stock Holdings in Seagate Technology Holdings PLC $STX

Harbor Investment Advisory LLC grew its position in shares of Seagate Technology Holdings PLC (NASDAQ:STX) by 237.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,101 shares of the data storage provider’s stock after buying an additional 775 shares during the period. Harbor Investment Advisory LLC’s holdings in Seagate Technology were worth $431,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Salomon & Ludwin LLC boosted its position in shares of Seagate Technology by 124.4% in the fourth quarter. Salomon & Ludwin LLC now owns 92 shares of the data storage provider’s stock valued at $27,000 after acquiring an additional 51 shares during the period. Rakuten Securities Inc. increased its position in Seagate Technology by 884.2% during the second quarter. Rakuten Securities Inc. now owns 187 shares of the data storage provider’s stock worth $27,000 after acquiring an additional 168 shares during the period. Armstrong Advisory Group Inc. bought a new position in Seagate Technology during the fourth quarter worth about $28,000. Avion Wealth raised its stake in Seagate Technology by 343.5% in the 4th quarter. Avion Wealth now owns 102 shares of the data storage provider’s stock worth $28,000 after purchasing an additional 79 shares in the last quarter. Finally, Concord Wealth Partners acquired a new stake in Seagate Technology in the 4th quarter worth about $28,000. Institutional investors and hedge funds own 92.87% of the company’s stock.

Key Headlines Impacting Seagate Technology

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

• Positive Sentiment: Bank of America raised its price target on Seagate to $1,150 from $1,000 and kept a buy rating, signaling confidence in upside potential. Benzinga article
• Positive Sentiment: Zacks upgraded Seagate to a Strong Buy, citing improving earnings expectations and strengthening growth momentum. Zacks article
• Positive Sentiment: Zacks also highlighted Seagate as an “incredible growth stock,” pointing to solid growth attributes and strong momentum. Zacks article
• Neutral Sentiment: Several articles noted Seagate’s data-center business is growing quickly, supported by cloud demand, Mozaic adoption, and long-term supply agreements through fiscal 2027. Zacks article
• Negative Sentiment: Shares fell with the broader memory group as traders worried about a possible supply glut; the weakness was described as a sector-wide pullback rather than a company-specific issue. 247WallSt article
• Negative Sentiment: CEO William D. Mosley disclosed two stock sales totaling more than 30,000 shares, which can weigh on sentiment even though both were made under a pre-arranged 10b5-1 trading plan.
• Negative Sentiment: Zacks Research downgraded Seagate from Strong Buy to Hold, creating a small headwind for bullish investor sentiment. Zacks.com article

Analyst Ratings Changes

A number of analysts have issued reports on STX shares. TD Cowen boosted their price objective on shares of Seagate Technology from $500.00 to $850.00 and gave the company a “buy” rating in a report on Wednesday, April 29th. Mizuho raised their target price on shares of Seagate Technology from $875.00 to $1,090.00 and gave the stock an “outperform” rating in a report on Monday, June 8th. Wall Street Zen upgraded shares of Seagate Technology from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. JPMorgan Chase & Co. boosted their price target on Seagate Technology from $775.00 to $920.00 and gave the company an “overweight” rating in a research note on Thursday, June 11th. Finally, Susquehanna increased their price target on Seagate Technology from $485.00 to $615.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 29th. Twenty-one investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $880.52.

Seagate Technology Trading Down 10.4%

STX opened at $820.16 on Friday. The stock has a market capitalization of $183.90 billion, a price-to-earnings ratio of 77.81 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. Seagate Technology Holdings PLC has a twelve month low of $138.30 and a twelve month high of $1,145.00. The company has a 50-day simple moving average of $848.51 and a 200 day simple moving average of $548.43.

Seagate Technology (NASDAQ:STX) last released its earnings results on Tuesday, April 28th. The data storage provider reported $4.10 EPS for the quarter, beating the consensus estimate of $3.51 by $0.59. The firm had revenue of $3.11 billion for the quarter, compared to analyst estimates of $2.96 billion. Seagate Technology had a net margin of 21.60% and a return on equity of 1,005.65%. The business’s quarterly revenue was up 44.1% compared to the same quarter last year. During the same period last year, the firm earned $1.90 EPS. Seagate Technology has set its Q4 2026 guidance at 4.800-5.200 EPS. Analysts predict that Seagate Technology Holdings PLC will post 14.26 EPS for the current fiscal year.

Seagate Technology Dividend Announcement

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

Insider Activity

In other Seagate Technology news, EVP Ban Seng Teh sold 8,003 shares of the firm’s stock in a transaction on Thursday, May 14th. The stock was sold at an average price of $817.28, for a total value of $6,540,691.84. Following the sale, the executive vice president owned 3,691 shares of the company’s stock, valued at approximately $3,016,580.48. This trade represents a 68.44% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP John Christopher Morris sold 5,626 shares of Seagate Technology stock in a transaction on Monday, May 4th. The shares were sold at an average price of $738.37, for a total value of $4,154,069.62. Following the completion of the transaction, the executive vice president owned 11,954 shares in the company, valued at approximately $8,826,474.98. The trade was a 32.00% decrease in their position. 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. Over the last ninety days, insiders sold 151,069 shares of company stock valued at $126,191,753. 0.79% of the stock is owned by insiders.

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.