Insight Wealth Partners LLC Buys 777 Shares of Seagate Technology Holdings PLC $STX

Insight Wealth Partners LLC boosted its stake in shares of Seagate Technology Holdings PLC (NASDAQ:STX) by 245.1% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,094 shares of the data storage provider’s stock after purchasing an additional 777 shares during the quarter. Insight Wealth Partners LLC’s holdings in Seagate Technology were worth $1,009,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in STX. VUB Generali dochodkova spravcovska spolocnost a.s. bought a new position in shares of Seagate Technology in the third quarter valued at approximately $507,000. Leo Wealth LLC acquired a new stake in shares of Seagate Technology in the third quarter worth $598,000. Hilton Head Capital Partners LLC boosted its holdings in shares of Seagate Technology by 155.2% during the 3rd quarter. Hilton Head Capital Partners LLC now owns 74 shares of the data storage provider’s stock worth $68,000 after buying an additional 45 shares during the period. Bright Futures Wealth Management LLC. boosted its holdings in shares of Seagate Technology by 10.3% during the 3rd quarter. Bright Futures Wealth Management LLC. now owns 278 shares of the data storage provider’s stock worth $256,000 after buying an additional 26 shares during the period. Finally, Valley National Advisers Inc. boosted its holdings in shares of Seagate Technology by 1,323.4% during the 3rd quarter. Valley National Advisers Inc. now owns 2,861 shares of the data storage provider’s stock worth $2,638,000 after buying an additional 2,660 shares during the period. Institutional investors own 92.87% of the company’s stock.

Insider Buying and Selling at Seagate Technology

In other news, CFO Gianluca Romano sold 49,984 shares of the stock in a transaction on Tuesday, September 15th. The stock was sold at an average price of $772.16, for a total transaction of $38,595,645.44. Following the sale, the chief financial officer owned 70,756 shares in the company, valued at approximately $54,634,952.96. This represents a 41.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO William Mosley sold 11,002 shares of the firm’s stock in a transaction dated Thursday, October 1st. The shares were sold at an average price of $935.60, for a total transaction of $10,293,471.20. Following the completion of the sale, the chief executive officer owned 362,108 shares of the company’s stock, valued at $338,788,244.80. The trade was a 2.95% 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 have sold a total of 467,506 shares of company stock worth $379,191,992 over the last ninety days. Company insiders own 0.51% of the company’s stock.

Seagate Technology Price Performance

Shares of STX stock opened at $644.21 on Tuesday. Seagate Technology Holdings PLC has a 12 month low of $217.67 and a 12 month high of $1,145.00. The company has a current ratio of 1.67, a quick ratio of 1.17 and a debt-to-equity ratio of 1.56. The stock has a 50 day moving average of $816.49 and a two-hundred day moving average of $680.95. The company has a market capitalization of $146.49 billion, a P/E ratio of 42.57 and a beta of 2.06.

Seagate Technology (NASDAQ:STX) last announced its quarterly earnings results on Tuesday, July 28th. The data storage provider reported $5.71 EPS for the quarter, topping analysts’ consensus estimates of $5.10 by $0.61. The firm had revenue of $3.63 billion during the quarter, compared to analysts’ expectations of $3.50 billion. Seagate Technology had a net margin of 26.11% and a return on equity of 369.98%. The company’s revenue for the quarter was up 48.5% compared to the same quarter last year. During the same quarter last year, the company earned $2.59 earnings per share. As a group, equities analysts expect that Seagate Technology Holdings PLC will post 35.79 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on STX shares. Wall Street Zen upgraded shares of Seagate Technology from a “buy” rating to a “strong-buy” rating in a research note on Saturday, September 26th. Wedbush upped their price target on shares of Seagate Technology from $825.00 to $1,000.00 and gave the company an “outperform” rating in a report on Wednesday, July 29th. Susquehanna raised their price target on Seagate Technology from $775.00 to $875.00 and gave the company a “neutral” rating in a research report on Wednesday, July 29th. JPMorgan Chase & Co. raised their price target on Seagate Technology from $1,095.00 to $1,240.00 and gave the company an “overweight” rating in a research report on Wednesday, July 29th. Finally, Rosenblatt Securities set a $1,100.00 price objective on Seagate Technology in a research note on Monday. Twenty-two analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $951.92.

Key Stories Impacting Seagate Technology

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

• Positive Sentiment: Analysts expect Seagate to potentially beat its fiscal first-quarter 2027 outlook, supported by strong hard-disk-drive demand, higher pricing, and growth in its Mozaic technology. The company’s guidance calls for earnings per share of $7.10 to $7.50. Seagate Technology Q1 preview: Analysts project earnings beat amid strong HDD demand
• Positive Sentiment: Seagate announced expanded interoperability between its high-capacity HAMR and SMR storage technologies and Broadcom’s systems, with validation at Microsoft Azure. The development could help hyperscale cloud and AI customers scale storage more efficiently. Seagate Simplifies High-Capacity Storage Scaling for AI and Cloud Infrastructure
• Positive Sentiment: Cantor Fitzgerald maintained an “overweight” rating despite reducing its price target to $1,000 from $1,300. The revised target still implies significant upside from the referenced share price, suggesting the firm views the recent decline as excessive relative to Seagate’s long-term prospects. Cantor Fitzgerald stock recommendations

About Seagate Technology

Seagate Technology Holdings plc (NASDAQ: STX) is a data storage company that develops and manufactures mass-capacity storage products and solutions. Its portfolio is centered on hard disk drives (HDDs) used in cloud data centers, enterprise systems, network-attached storage, video and imaging applications, and personal computers.

The company also provides storage-related services and solutions designed to help organizations store, manage, protect, and access large volumes of digital information.