Jacobsen Capital Management Makes New $259,000 Investment in Seagate Technology Holdings PLC $STX

Jacobsen Capital Management acquired a new stake in shares of Seagate Technology Holdings PLC (NASDAQ:STX) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 660 shares of the data storage provider’s stock, valued at approximately $259,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Salomon & Ludwin LLC grew its holdings in Seagate Technology by 124.4% during the 4th quarter. Salomon & Ludwin LLC now owns 92 shares of the data storage provider’s stock valued at $27,000 after purchasing an additional 51 shares during the last quarter. Rakuten Securities Inc. lifted its stake in Seagate Technology by 884.2% in the second quarter. Rakuten Securities Inc. now owns 187 shares of the data storage provider’s stock worth $27,000 after purchasing an additional 168 shares during the last quarter. Armstrong Advisory Group Inc. bought a new stake in Seagate Technology in the fourth quarter worth about $28,000. Avion Wealth boosted its position in shares of Seagate Technology by 343.5% during the fourth quarter. Avion Wealth now owns 102 shares of the data storage provider’s stock valued at $28,000 after buying an additional 79 shares during the period. Finally, Concord Wealth Partners bought a new position in shares of Seagate Technology during the fourth quarter valued at approximately $28,000. Hedge funds and other institutional investors own 92.87% of the company’s stock.

Seagate Technology News Roundup

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

• Positive Sentiment: Bank of America raised its price target on Seagate to $1,150 from $1,000 and reiterated a Buy rating, signaling confidence in further upside tied to AI storage demand and strong data-center fundamentals. Benzinga
• Positive Sentiment: Recent articles highlight Seagate as a strong momentum and long-term growth name, with investors still focused on its AI-driven storage tailwind, HAMR wins, and serial earnings beats. Zacks
• Positive Sentiment: Broader industry coverage remains favorable for storage suppliers as AI infrastructure spending and rising data-center demand keep pricing power and revenue growth in focus. 24/7 Wall St.
• Neutral Sentiment: Seagate was also mentioned in a comparison piece versus Micron, with the debate centered on which AI storage play has more upside rather than any company-specific negative development. Zacks
• Neutral Sentiment: Despite the bullish backdrop, Zacks Research downgraded Seagate from Strong Buy to Hold, suggesting valuation may be stretching after the stock’s huge run. Zacks
• Neutral Sentiment: Seeking Alpha and other commentary noted that while the AI demand story remains intact, some of the stock’s future gains may already be reflected after its sharp year-to-date rally. Seeking Alpha

Seagate Technology Stock Down 5.2%

Shares of Seagate Technology stock opened at $915.19 on Thursday. 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 stock has a market cap of $205.21 billion, a price-to-earnings ratio of 86.83 and a beta of 2.04. The firm’s 50-day moving average is $843.31 and its two-hundred day moving average is $544.68. Seagate Technology Holdings PLC has a 1 year low of $138.30 and a 1 year high of $1,145.00.

Seagate Technology (NASDAQ:STX) last posted its quarterly earnings results on Tuesday, April 28th. The data storage provider reported $4.10 EPS for the quarter, beating the consensus estimate of $3.51 by $0.59. Seagate Technology had a net margin of 21.60% and a return on equity of 1,005.65%. The business had revenue of $3.11 billion during the quarter, compared to analyst estimates of $2.96 billion. During the same quarter in the previous year, the business posted $1.90 EPS. The company’s quarterly revenue was up 44.1% compared to the same quarter last year. Seagate Technology has set its Q4 2026 guidance at 4.800-5.200 EPS. As a group, research analysts expect that Seagate Technology Holdings PLC will post 14.14 earnings per share for the current fiscal year.

Seagate Technology Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 7th. Stockholders of record on Wednesday, June 24th will be issued a $0.74 dividend. The ex-dividend date is Wednesday, June 24th. This represents a $2.96 dividend on an annualized basis and a dividend yield of 0.3%. Seagate Technology’s dividend payout ratio (DPR) is currently 28.08%.

Insider Buying and Selling

In other news, CEO William D. Mosley sold 30,000 shares of the business’s stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $751.29, for a total value of $22,538,700.00. Following the completion of the transaction, the chief executive officer directly owned 339,591 shares of the company’s stock, valued at approximately $255,131,322.39. The trade was a 8.12% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP John Christopher Morris sold 5,626 shares of the company’s stock in a transaction on Monday, May 4th. The stock was sold at an average price of $738.37, for a total value of $4,154,069.62. Following the sale, the executive vice president owned 11,954 shares of the company’s stock, valued at $8,826,474.98. This trade represents a 32.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 121,069 shares of company stock valued at $98,747,112. 0.79% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. Cantor Fitzgerald raised their price target on Seagate Technology from $1,000.00 to $1,300.00 and gave the stock an “overweight” rating in a research note on Monday. Wells Fargo & Company upped their price objective on Seagate Technology from $700.00 to $900.00 and gave the company an “equal weight” rating in a research report on Monday, June 1st. Rosenblatt Securities increased their target price on Seagate Technology from $500.00 to $1,000.00 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. UBS Group lifted their target price on Seagate Technology from $515.00 to $545.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 29th. Finally, Melius Research started coverage on shares of Seagate Technology in a research note on Monday. They set a “buy” rating and a $1,600.00 target price for the company. Twenty-one equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $880.52.

About Seagate Technology

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.