Waverly Advisors LLC Acquires 758 Shares of Seagate Technology Holdings PLC $STX

Waverly Advisors LLC raised its holdings in Seagate Technology Holdings PLC (NASDAQ:STX) by 18.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,788 shares of the data storage provider’s stock after acquiring an additional 758 shares during the period. Waverly Advisors LLC’s holdings in Seagate Technology were worth $4,620,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Parkside Financial Bank & Trust boosted its stake in shares of Seagate Technology by 3.6% in the 2nd quarter. Parkside Financial Bank & Trust now owns 1,872 shares of the data storage provider’s stock valued at $1,806,000 after purchasing an additional 65 shares in the last quarter. Cornerstone Financial Management LLC lifted its stake in Seagate Technology by 109.7% in the 2nd quarter. Cornerstone Financial Management LLC now owns 65 shares of the data storage provider’s stock valued at $63,000 after purchasing an additional 34 shares during the last quarter. Tucker Asset Management LLC acquired a new stake in Seagate Technology in the second quarter valued at approximately $791,000. Advus Financial Partners LLC boosted its position in Seagate Technology by 21.1% in the second quarter. Advus Financial Partners LLC now owns 2,059 shares of the data storage provider’s stock valued at $1,987,000 after buying an additional 359 shares in the last quarter. Finally, Groupe la Francaise grew its stake in shares of Seagate Technology by 18,576.9% during the second quarter. Groupe la Francaise now owns 4,856 shares of the data storage provider’s stock worth $4,671,000 after buying an additional 4,830 shares during the last quarter. Institutional investors and hedge funds own 92.87% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on STX shares. Citigroup increased their price target on Seagate Technology from $1,240.00 to $1,300.00 and gave the company a “buy” rating in a research note on Wednesday, July 29th. Rosenblatt Securities upped their target price on Seagate Technology from $1,300.00 to $1,400.00 and gave the stock a “buy” rating in a report on Wednesday, July 29th. Morgan Stanley increased their target price on Seagate Technology from $1,035.00 to $1,187.00 and gave the company an “overweight” rating in a research report on Wednesday, July 29th. Zacks Research raised Seagate Technology from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 28th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Seagate Technology in a report on Wednesday, June 24th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $986.00.

Seagate Technology Stock Performance

NASDAQ STX opened at $862.33 on Friday. The company has a market capitalization of $196.09 billion, a price-to-earnings ratio of 62.13 and a beta of 2.06. Seagate Technology Holdings PLC has a twelve month low of $192.99 and a twelve month high of $1,145.00. The stock has a fifty day simple moving average of $848.58 and a 200 day simple moving average of $724.71. 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 announced its earnings results on Tuesday, July 28th. The data storage provider reported $5.71 EPS 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 firm had revenue of $3.63 billion for the quarter, compared to the consensus estimate of $3.50 billion. During the same period in the previous year, the business earned $2.59 EPS. The business’s quarterly revenue was up 48.5% compared to the same quarter last year. Seagate Technology has set its Q1 2027 guidance at 7.100-7.500 EPS. Sell-side analysts expect that Seagate Technology Holdings PLC will post 35.7 EPS for the current year.

Seagate Technology Announces Dividend

The business also recently disclosed 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. This represents a $2.96 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend is Thursday, September 24th. Seagate Technology’s payout ratio is currently 21.33%.

Insiders Place Their Bets

In other Seagate Technology news, EVP John Morris sold 3,516 shares of the stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $849.35, for a total transaction of $2,986,314.60. Following the completion of the sale, the executive vice president owned 12,805 shares of the company’s stock, valued at approximately $10,875,926.75. This represents a 21.54% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP James Lee sold 9,013 shares of the firm’s stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $794.84, for a total transaction of $7,163,892.92. Following the transaction, the executive vice president owned 347 shares of the company’s stock, valued at approximately $275,809.48. The trade was a 96.29% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 181,299 shares of company stock valued at $152,971,204 over the last three months. Insiders own 0.79% of the company’s stock.

Seagate Technology News Roundup

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

• Positive Sentiment: Seagate expects fiscal 2027 revenue growth to exceed fiscal 2026, supported by cloud-computing demand, AI adoption and broader deployment of HAMR-based mass-capacity drives. Can Seagate Sustain Its Strong Revenue Growth in Fiscal 2027?
• Positive Sentiment: Articles highlight Seagate’s HAMR and Mozaic technology roadmap, which is increasing storage capacity and efficiency while positioning the company to benefit from rising data-center requirements. Seagate’s HAMR Bet is Paying Off
• Positive Sentiment: Investor commentary continues to identify Seagate as an AI-infrastructure beneficiary. The company’s recent earnings beat—$5.71 in quarterly EPS versus a $5.10 consensus estimate, with revenue up 48.5% year over year—supports the bullish case. The Two Most Compelling AI Infrastructure Plays Right Now
• Positive Sentiment: Management’s presentations at the Goldman Sachs and Citi technology conferences reinforce market attention on Seagate’s cloud, AI and HAMR opportunities. Goldman Sachs Communacopia + Technology Conference Transcript
• Neutral Sentiment: Seagate completed the redemption of its exchangeable notes, an event that removes a financing obligation but may have limited immediate earnings impact. Seagate Completes Redemption of Exchangeable Notes
• Negative Sentiment: At roughly 62 times earnings and near its historical high, Seagate faces demanding expectations. Commentary about a possible move to $1,000 depends on continued AI demand, successful HAMR execution and sufficient production capacity. Price Prediction: Seagate Stock Will Hit $1000
• Negative Sentiment: The reported short-interest data shows zero shares and a zero-day days-to-cover ratio, but the accompanying “increase” is shown as unavailable, making the data unreliable and offering little useful insight into trading pressure.

About Seagate Technology

Seagate Technology Holdings plc is a data storage technology company that develops and manufactures mass-capacity storage solutions for businesses and consumers. Its product portfolio is centered on hard disk drives (HDDs), which are used in cloud data centers, enterprise systems, network-attached storage, video and imaging applications, and personal computing.

The company also offers solid-state drives (SSDs), external storage products, storage systems, and related data-management and recovery services.