SkyOak Wealth LLC Buys New Position in Seagate Technology Holdings PLC $STX

SkyOak Wealth LLC purchased a new position in shares of Seagate Technology Holdings PLC (NASDAQ:STX) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 723 shares of the data storage provider’s stock, valued at approximately $283,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Kestra Advisory Services LLC boosted its stake in shares of Seagate Technology by 15.4% in the 1st quarter. Kestra Advisory Services LLC now owns 23,691 shares of the data storage provider’s stock valued at $9,281,000 after purchasing an additional 3,159 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. raised its stake in Seagate Technology by 0.7% during the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 522,344 shares of the data storage provider’s stock worth $204,633,000 after buying an additional 3,538 shares during the last quarter. Resona Asset Management Co. Ltd. raised its stake in Seagate Technology by 3.8% during the first quarter. Resona Asset Management Co. Ltd. now owns 55,825 shares of the data storage provider’s stock worth $21,870,000 after buying an additional 2,069 shares during the last quarter. CFS Investment Advisory Services LLC acquired a new position in Seagate Technology in the first quarter valued at $170,000. Finally, Sageworth Trust Co acquired a new position in Seagate Technology in the first quarter valued at $203,000. Institutional investors and hedge funds own 92.87% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have weighed in on STX. Susquehanna increased their price target on Seagate Technology from $615.00 to $775.00 and gave the stock a “neutral” rating in a report on Wednesday. Fox Advisors downgraded Seagate Technology from an “overweight” rating to an “equal weight” rating in a research note on Monday, June 22nd. China Renaissance upped their target price on Seagate Technology from $802.00 to $983.00 in a research report on Friday, June 12th. Mizuho raised their target price on Seagate Technology from $875.00 to $1,090.00 and gave the stock an “outperform” rating in a research note on Monday, June 8th. Finally, BNP Paribas Exane lifted their target price on Seagate Technology from $530.00 to $860.00 and gave the stock an “outperform” rating in a report on Wednesday, April 29th. Twenty-one equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $886.92.

Seagate Technology Stock Up 3.5%

Shares of NASDAQ:STX opened at $890.09 on Friday. The business’s 50 day simple moving average is $875.26 and its two-hundred day simple moving average is $568.33. The firm has a market cap of $199.58 billion, a P/E ratio of 84.45 and a beta of 2.04. The company has a debt-to-equity ratio of 3.16, a quick ratio of 0.85 and a current ratio of 1.33. Seagate Technology Holdings PLC has a 52-week low of $138.30 and a 52-week high of $1,145.00.

Seagate Technology (NASDAQ:STX) last released its quarterly earnings data 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 return on equity of 1,005.65% and a net margin of 21.60%.The firm had revenue of $3.11 billion during the quarter, compared to the consensus estimate of $2.96 billion. During the same quarter in the previous year, the company posted $1.90 earnings per share. The company’s quarterly revenue was up 44.1% on a year-over-year basis. Seagate Technology has set its Q4 2026 guidance at 4.800-5.200 EPS. As a group, research analysts forecast that Seagate Technology Holdings PLC will post 14.14 EPS for the current fiscal year.

Seagate Technology Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 7th. Shareholders of record on Wednesday, June 24th were paid a dividend of $0.74 per share. This represents a $2.96 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date was Wednesday, June 24th. Seagate Technology’s payout ratio is 28.08%.

Insider Buying and Selling at Seagate Technology

In other Seagate Technology news, CFO Gianluca Romano sold 22,488 shares of the firm’s stock in a transaction on Wednesday, May 6th. The shares were sold at an average price of $774.22, for a total value of $17,410,659.36. Following the transaction, the chief financial officer directly owned 42,847 shares of the company’s stock, valued at approximately $33,173,004.34. This trade represents a 34.42% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP John Christopher Morris sold 5,626 shares of the business’s stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $738.37, for a total transaction of $4,154,069.62. Following the sale, the executive vice president directly owned 11,954 shares of the company’s stock, valued at approximately $8,826,474.98. The trade was a 32.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 151,069 shares of company stock worth $126,191,753. Corporate insiders own 0.79% of the company’s stock.

Key Stories Impacting Seagate Technology

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

• Positive Sentiment: Seagate and other storage names are rebounding after a sector selloff as investors refocus on AI-driven data center spending and storage demand. Seagate (STX) Stock Rebounds As AI Data Center Demand Lifts Storage Names
• Positive Sentiment: Analysts raised Seagate’s fair value estimate to $959.48 per share from $847.68, citing tighter HDD supply, AI storage demand, and pricing power from contract renewals. Seagate (STX) Stock Fair Value Rises After AI Storage Driven Analyst Target Increases
• Positive Sentiment: Recent market commentary says Seagate’s sharp run may not be over, with AI infrastructure demand and hyperscaler storage needs continuing to support the stock’s long-term story. Seagate’s 485% Run Isn’t Over and Our Target Proves It
• Neutral Sentiment: Susquehanna raised its price target to $775 from $615 but kept a neutral rating, suggesting the stock may already reflect some of the good news. Seagate Technology had its price target raised by Susquehanna from $615.00 to $775.00.
• Neutral Sentiment: Additional coverage and momentum-screen mentions from Zacks and other outlets reinforce that STX remains a favored AI/storage trade, though these are more supportive than catalyst-driven. AI Storage Tailwinds Lift STX Shares 506% in a Year: More Upside Left?

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.