Krilogy Financial LLC Purchases 2,416 Shares of Seagate Technology Holdings PLC $STX

Krilogy Financial LLC boosted its position in Seagate Technology Holdings PLC (NASDAQ:STX) by 181.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 3,749 shares of the data storage provider’s stock after acquiring an additional 2,416 shares during the period. Krilogy Financial LLC’s holdings in Seagate Technology were worth $1,469,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Sovereign Financial Group Inc. increased its holdings in shares of Seagate Technology by 19.7% during the first quarter. Sovereign Financial Group Inc. now owns 1,272 shares of the data storage provider’s stock valued at $498,000 after acquiring an additional 209 shares in the last quarter. Athena Wealth Management LLC lifted its holdings in shares of Seagate Technology by 38.7% in the 1st quarter. Athena Wealth Management LLC now owns 2,939 shares of the data storage provider’s stock worth $1,151,000 after purchasing an additional 820 shares in the last quarter. Anchyra Partners LLC acquired a new stake in Seagate Technology in the 1st quarter valued at $289,000. Brookstone Capital Management grew its position in Seagate Technology by 32.9% in the 1st quarter. Brookstone Capital Management now owns 16,185 shares of the data storage provider’s stock valued at $6,341,000 after purchasing an additional 4,009 shares during the period. Finally, Evolve Private Wealth LLC increased its stake in Seagate Technology by 238.2% during the 1st quarter. Evolve Private Wealth LLC now owns 3,859 shares of the data storage provider’s stock valued at $1,512,000 after purchasing an additional 2,718 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 firms have weighed in on STX. Zacks Research upgraded shares of Seagate Technology from a “hold” rating to a “strong-buy” rating in a report on Friday, May 1st. Mizuho lifted their price objective on shares of Seagate Technology from $875.00 to $1,090.00 and gave the company an “outperform” rating in a report on Monday, June 8th. Argus boosted their target price on shares of Seagate Technology from $450.00 to $750.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Loop Capital raised their price target on shares of Seagate Technology from $950.00 to $1,140.00 and gave the company a “buy” rating in a research report on Friday, May 15th. Finally, BNP Paribas Exane lifted their price target on Seagate Technology from $530.00 to $860.00 and gave the company an “outperform” rating in a research note on Wednesday, April 29th. One research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $831.79.

Insider Transactions at Seagate Technology

In other news, EVP Ban Seng Teh sold 989 shares of the company’s stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $880.19, for a total value of $870,507.91. Following the completion of the transaction, the executive vice president directly owned 4,290 shares of the company’s stock, valued at $3,776,015.10. This represents a 18.73% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Shankar Arumugavelu sold 1,000 shares of the stock in a transaction that occurred on Thursday, June 4th. The shares were sold at an average price of $927.68, for a total value of $927,680.00. Following the sale, the director directly owned 6,626 shares of the company’s stock, valued at $6,146,807.68. The trade was a 13.11% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 141,069 shares of company stock worth $107,161,712. Company insiders own 0.79% of the company’s stock.

Seagate Technology Price Performance

STX opened at $1,025.36 on Friday. The company has a debt-to-equity ratio of 3.16, a current ratio of 1.33 and a quick ratio of 0.85. The company has a market capitalization of $229.92 billion, a price-to-earnings ratio of 97.28 and a beta of 2.04. The firm’s fifty day moving average price is $811.11 and its two-hundred day moving average price is $526.55. Seagate Technology Holdings PLC has a 1 year low of $138.00 and a 1 year high of $1,145.00.

Seagate Technology (NASDAQ:STX) last posted its earnings results on Tuesday, April 28th. The data storage provider reported $4.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.51 by $0.59. The firm had revenue of $3.11 billion during 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 revenue was up 44.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.90 EPS. Seagate Technology has set its Q4 2026 guidance at 4.800-5.200 EPS. As a group, analysts anticipate that Seagate Technology Holdings PLC will post 14.1 earnings per share 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. Shareholders of record on Wednesday, June 24th will be given a $0.74 dividend. This represents a $2.96 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend is Wednesday, June 24th. Seagate Technology’s dividend payout ratio is presently 28.08%.

Key Headlines Impacting Seagate Technology

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

• Positive Sentiment: Micron’s blowout results and strong AI-driven demand are lifting the entire memory/storage complex, including Seagate. Micron and Qualcomm forecasts ignite $400 billion AI chip stock rally
• Positive Sentiment: Analysts and market commentary are highlighting Seagate as an AI infrastructure winner with improving pricing power and durable earnings potential. Seagate (STX) Gets Fresh Backing As An AI Data Storage Winner
• Positive Sentiment: Investor coverage is also pointing to Apple’s warning about rising memory costs as evidence of a broader storage shortage, which could support pricing for Seagate and peers. Apple Just Handed These 4 Memory Stocks Their Best News of the Year
• Neutral Sentiment: Short-interest data showed no meaningful short position change, so this does not appear to be a major near-term driver for the stock.

Seagate Technology 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.