Oppenheimer & Co. Inc. Purchases 1,257 Shares of Seagate Technology Holdings PLC $STX

Oppenheimer & Co. Inc. boosted its position in shares of Seagate Technology Holdings PLC (NASDAQ:STX) by 10.2% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 13,566 shares of the data storage provider’s stock after buying an additional 1,257 shares during the period. Oppenheimer & Co. Inc.’s holdings in Seagate Technology were worth $12,512,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Retirement Wealth Solutions LLC lifted its position in shares of Seagate Technology by 70.6% in the second quarter. Retirement Wealth Solutions LLC now owns 29 shares of the data storage provider’s stock valued at $28,000 after acquiring an additional 12 shares in the last quarter. Jones Financial Companies Lllp acquired a new stake in shares of Seagate Technology in the second quarter worth approximately $39,000. One River Asset Management LLC increased its position in shares of Seagate Technology by 50.0% during the third quarter. One River Asset Management LLC now owns 45 shares of the data storage provider’s stock worth $42,000 after purchasing an additional 15 shares in the last quarter. Trust Co. of Vermont purchased a new stake in shares of Seagate Technology during the second quarter worth approximately $54,000. Finally, Triumph Capital Management increased its position in shares of Seagate Technology by 93.5% during the second quarter. Triumph Capital Management now owns 60 shares of the data storage provider’s stock worth $58,000 after purchasing an additional 29 shares in the last quarter. Institutional investors and hedge funds own 92.87% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on STX shares. Susquehanna increased their price objective on Seagate Technology from $775.00 to $875.00 and gave the company a “neutral” rating in a research note on Wednesday, July 29th. Wells Fargo & Company decreased their price objective on Seagate Technology from $1,180.00 to $865.00 and set an “overweight” rating on the stock in a report on Friday, October 16th. Citigroup lifted their target price on shares of Seagate Technology from $1,240.00 to $1,300.00 and gave the stock a “buy” rating in a research note on Wednesday, July 29th. Weiss Ratings raised shares of Seagate Technology from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, October 16th. Finally, JPMorgan Chase & Co. upped their target price on shares of Seagate Technology from $1,095.00 to $1,240.00 and gave the stock an “overweight” rating in a report on Wednesday, July 29th. Twenty-two equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, Seagate Technology currently has a consensus rating of “Moderate Buy” and an average price target of $951.92.

Seagate Technology Price Performance

Seagate Technology stock opened at $667.85 on Wednesday. The firm has a 50 day simple moving average of $809.95 and a 200-day simple moving average of $682.75. Seagate Technology Holdings PLC has a 1-year low of $217.67 and a 1-year high of $1,145.00.

Seagate Technology (NASDAQ:STX) last announced its quarterly earnings results on Tuesday, October 27th. The data storage provider reported $7.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $7.45 by $0.23. The firm had revenue of $4.23 billion for the quarter, compared to analyst estimates of $4.15 billion. The firm’s quarterly revenue was up 61.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.61 EPS. Equities analysts forecast that Seagate Technology Holdings PLC will post 35.79 EPS for the current year.

Seagate Technology Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 7th. Shareholders of record on Wednesday, December 23rd will be paid a dividend of $0.76 per share. This represents a $3.04 annualized dividend and a yield of 0.5%. This is a boost from Seagate Technology’s previous quarterly dividend of $0.74. The ex-dividend date of this dividend is Wednesday, December 23rd.

Insider Buying and Selling at Seagate Technology

In other Seagate Technology news, CFO Gianluca Romano sold 49,984 shares of the business’s stock in a transaction dated Tuesday, September 15th. The shares were sold at an average price of $772.16, for a total transaction of $38,595,645.44. Following the sale, the chief financial officer directly owned 70,756 shares in the company, valued at $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 available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, EVP James Lee sold 547 shares of the company’s stock in a transaction that occurred on Friday, October 23rd. The stock was sold at an average price of $642.14, for a total transaction of $351,250.58. Following the sale, the executive vice president directly owned 1,037 shares in the company, valued at approximately $665,899.18. The trade was a 34.53% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 467,506 shares of company stock valued at $379,191,992. 0.51% of the stock is currently owned by company insiders.

Trending Headlines about Seagate Technology

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

• Positive Sentiment: Seagate reported fiscal Q1 2027 adjusted earnings of $7.68 per share, above the roughly $7.44–$7.45 consensus, while revenue reached $4.23 billion, topping estimates near $4.15 billion. Earnings more than doubled from the year-ago period, supported by stronger demand and pricing for high-capacity hard drives. Seagate Beats Q1 Earnings and Revenue Estimates
• Positive Sentiment: Management’s outlook was also stronger than expected, with next-quarter revenue guidance reportedly centered around $4.8 billion. The forecast reinforces expectations that artificial-intelligence infrastructure and cloud data-center expansion will continue driving storage demand. Seagate Results and Guidance Top Estimates
• Positive Sentiment: Seagate expanded interoperability for its HAMR and SMR technologies with Broadcom systems, with validation at Microsoft Azure. The milestone could improve adoption of the company’s Mozaic high-capacity drives among hyperscale and AI customers. Seagate Simplifies High-Capacity Storage Scaling
• Neutral Sentiment: Analysts remain broadly constructive: Seagate was highlighted as a momentum stock, while Cantor Fitzgerald retained an “overweight” rating even after cutting its price target to $1,000 from $1,300. The target reduction reflects valuation or near-term risk concerns despite the long-term growth outlook.
• Negative Sentiment: The post-earnings decline suggests the beat was not sufficient to exceed the market’s very high expectations following STX’s powerful run. Investors may also be locking in gains amid the stock’s recent volatility and sharp retreat from its 52-week high. Seagate Stock Falls as Earnings Are Not Enough
• Negative Sentiment: An executive recently sold approximately $351,000 of STX shares, reducing his direct holdings by about 35%. Although an individual insider sale is not necessarily fundamental, it adds a modest sentiment headwind. Seagate Executive Stock Sale

Seagate Technology Profile

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.