Ferguson Wellman Capital Management Inc. Acquires Shares of 849 Seagate Technology Holdings PLC $STX

Ferguson Wellman Capital Management Inc. bought a new stake in Seagate Technology Holdings PLC (NASDAQ:STX) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 849 shares of the data storage provider’s stock, valued at approximately $819,000.

Several other hedge funds also recently added to or reduced their stakes in the company. Jones Financial Companies Lllp bought a new stake in Seagate Technology in the second quarter worth about $39,000. Trust Co. of Vermont bought a new position in shares of Seagate Technology during the second quarter valued at approximately $54,000. Annis Gardner Whiting Capital Advisors LLC grew its stake in shares of Seagate Technology by 23.1% during the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 80 shares of the data storage provider’s stock valued at $31,000 after buying an additional 15 shares during the last quarter. WealthCollab LLC raised its holdings in shares of Seagate Technology by 27.4% in the first quarter. WealthCollab LLC now owns 93 shares of the data storage provider’s stock worth $36,000 after buying an additional 20 shares during the period. Finally, Catalyst Capital Advisors LLC purchased a new stake in shares of Seagate Technology in the first quarter worth approximately $39,000. 92.87% of the stock is currently owned by institutional investors.

Seagate Technology Trading Down 2.1%

Shares of NASDAQ STX opened at $829.76 on Friday. Seagate Technology Holdings PLC has a twelve month low of $163.86 and a twelve month high of $1,145.00. The firm has a market cap of $188.07 billion, a PE ratio of 59.78 and a beta of 2.06. The business has a fifty day simple moving average of $870.89 and a two-hundred day simple moving average of $695.65. The company has a quick ratio of 1.17, a current ratio of 1.67 and a debt-to-equity ratio of 1.56.

Seagate Technology (NASDAQ:STX) last posted its quarterly earnings results on Tuesday, July 28th. The data storage provider reported $5.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.10 by $0.61. The business had revenue of $3.63 billion for the quarter, compared to the consensus estimate of $3.50 billion. Seagate Technology had a return on equity of 369.98% and a net margin of 26.11%.The business’s revenue was up 48.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.59 EPS. Seagate Technology has set its Q1 2027 guidance at 7.100-7.500 EPS. Analysts expect that Seagate Technology Holdings PLC will post 35.7 earnings per share for the current fiscal year.

Seagate Technology Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 7th. Shareholders of record on Thursday, September 24th will be issued a dividend of $0.74 per share. This represents a $2.96 annualized dividend and a yield of 0.4%. The ex-dividend date is Thursday, September 24th. Seagate Technology’s dividend payout ratio is presently 21.33%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on STX. Cantor Fitzgerald restated an “overweight” rating and set a $1,300.00 price objective on shares of Seagate Technology in a report on Wednesday, July 29th. Sanford C. Bernstein reiterated an “outperform” rating and issued a $1,350.00 target price on shares of Seagate Technology in a research note on Wednesday, July 29th. Weiss Ratings reiterated a “buy (b)” rating on shares of Seagate Technology in a research note on Wednesday, June 24th. Morgan Stanley lifted their target price on Seagate Technology from $1,035.00 to $1,187.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 29th. Finally, Barclays boosted their target price on shares of Seagate Technology from $1,000.00 to $1,250.00 and gave the company an “overweight” rating in a research note on Thursday, July 30th. One investment 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 stock. Based on data from MarketBeat, Seagate Technology presently has a consensus rating of “Moderate Buy” and a consensus target price of $986.00.

Key Stories Impacting Seagate Technology

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

• Positive Sentiment: One bullish analysis argues that the pullback creates an attractive entry point, with strong hyperscaler demand, increasing adoption of Seagate’s heat-assisted magnetic recording (HAMR) technology and improving margins supporting continued earnings growth. The article estimates as much as 36% potential upside. Seagate buy-the-dip analysis
• Positive Sentiment: NVIDIA’s strong quarterly results and continuing AI infrastructure spending were cited as potential catalysts for storage companies, including STX. Rising data-center workloads could increase demand for Seagate’s high-capacity hard drives. Zacks storage stocks analysis
• Positive Sentiment: Seagate accepted Change Agents Corporation into its partner program, expanding access to its AI infrastructure ecosystem. The announcement is strategically supportive, although the immediate financial contribution is not disclosed. Seagate Partner Program announcement
• Neutral Sentiment: Management’s upcoming investor appearances, including The Six Five Summit: AI Unleashed 2026, could provide additional details on AI-related products, partnerships and demand, but no new financial guidance was announced. Six Five Summit presentation
• Negative Sentiment: A more cautious Seeking Alpha view says it is not yet time to be aggressive, warning that consolidation may continue after STX’s major run-up. The stock’s elevated valuation and high volatility leave it vulnerable to profit-taking if growth expectations moderate. Seagate consolidation analysis
• Negative Sentiment: Executive James Ci Lee sold 9,013 shares worth approximately $7.16 million, reducing his direct position by more than 96%. The sale occurred under a pre-arranged Rule 10b5-1 plan, which limits its value as a discretionary bearish signal but may still weigh on sentiment. SEC insider sale filing

Insider Buying and Selling at Seagate Technology

In other Seagate Technology news, CFO Gianluca Romano sold 14,091 shares of the firm’s stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $811.25, for a total transaction of $11,431,323.75. Following the transaction, the chief financial officer owned 21,543 shares of the company’s stock, valued at approximately $17,476,758.75. This trade represents a 39.54% decrease in their position. 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, EVP Ban Seng Teh sold 9,862 shares of the business’s stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $852.97, for a total transaction of $8,411,990.14. Following the completion of the sale, the executive vice president owned 5,210 shares of the company’s stock, valued at approximately $4,443,973.70. This represents a 65.43% 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. In the last quarter, insiders have sold 193,765 shares of company stock valued at $166,634,842. Company insiders own 0.79% of the company’s stock.

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.