Kestra Private Wealth Services LLC Decreases Stock Holdings in Seagate Technology Holdings PLC $STX

Kestra Private Wealth Services LLC lowered its holdings in Seagate Technology Holdings PLC (NASDAQ:STX) by 2.5% in the 1st quarter, Holdings Channel.com reports. The fund owned 23,157 shares of the data storage provider’s stock after selling 589 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in Seagate Technology were worth $9,072,000 at the end of the most recent quarter.

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

Seagate Technology Trading Up 3.2%

Shares of STX opened at $1,025.36 on Friday. The company has a market capitalization of $229.92 billion, a P/E ratio of 97.28 and a beta of 2.04. Seagate Technology Holdings PLC has a one year low of $138.00 and a one year high of $1,145.00. The company has a debt-to-equity ratio of 3.16, a quick ratio of 0.85 and a current ratio of 1.33. The stock has a 50-day moving average price of $811.11 and a 200 day moving average price of $526.55.

Seagate Technology (NASDAQ:STX) last posted its quarterly earnings data 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. Seagate Technology had a return on equity of 1,005.65% and a net margin of 21.60%.The company had revenue of $3.11 billion for the quarter, compared to the consensus estimate of $2.96 billion. During the same period in the previous year, the business earned $1.90 EPS. Seagate Technology’s revenue for the quarter 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. Sell-side analysts forecast that Seagate Technology Holdings PLC will post 14.1 EPS for the current fiscal year.

Seagate Technology Dividend Announcement

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

Analyst Ratings Changes

Several brokerages recently commented on STX. Rosenblatt Securities raised their target price on Seagate Technology from $500.00 to $1,000.00 and gave the company a “buy” rating in a report on Wednesday, April 29th. China Renaissance increased their price objective on shares of Seagate Technology from $802.00 to $983.00 in a research report on Friday, June 12th. Bank of America lifted their price objective on shares of Seagate Technology from $900.00 to $1,000.00 in a research note on Monday, June 8th. Sanford C. Bernstein boosted their target price on shares of Seagate Technology from $620.00 to $1,000.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 29th. Finally, Mizuho upped their target price on shares of Seagate Technology from $875.00 to $1,090.00 and gave the company an “outperform” rating in a research note on Monday, June 8th. One investment analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $831.79.

Insider Transactions at Seagate Technology

In other Seagate Technology news, CFO Gianluca Romano sold 903 shares of the stock in a transaction on Friday, June 12th. The shares were sold at an average price of $880.19, for a total transaction of $794,811.57. Following the transaction, the chief financial officer directly owned 42,860 shares in the company, valued at $37,724,943.40. This represents a 2.06% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Shankar Arumugavelu sold 1,000 shares of the stock in a transaction on Thursday, June 4th. The shares were sold at an average price of $927.68, for a total transaction of $927,680.00. Following the transaction, the director owned 6,626 shares in the company, valued at $6,146,807.68. This trade represents a 13.11% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 141,069 shares of company stock valued at $107,161,712 over the last ninety days. 0.79% of the stock is currently owned by corporate insiders.

Seagate Technology News Roundup

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.

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.