Seagate Technology Holdings PLC $STX Shares Bought by RFG Advisory LLC

RFG Advisory LLC lifted its stake in Seagate Technology Holdings PLC (NASDAQ:STX) by 9.3% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 8,454 shares of the data storage provider’s stock after acquiring an additional 718 shares during the quarter. RFG Advisory LLC’s holdings in Seagate Technology were worth $3,312,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of STX. Fifth Third Wealth Advisors LLC raised its holdings in shares of Seagate Technology by 30.0% during the 1st quarter. Fifth Third Wealth Advisors LLC now owns 2,703 shares of the data storage provider’s stock valued at $1,059,000 after buying an additional 624 shares during the period. Apella Capital LLC purchased a new position in Seagate Technology in the 1st quarter worth approximately $170,000. Assenagon Asset Management S.A. grew its position in Seagate Technology by 0.4% in the first quarter. Assenagon Asset Management S.A. now owns 7,819 shares of the data storage provider’s stock valued at $3,063,000 after acquiring an additional 31 shares in the last quarter. Centennial Wealth Advisory LLC purchased a new stake in shares of Seagate Technology during the first quarter valued at approximately $750,000. Finally, Kercheville Advisors LLC purchased a new stake in shares of Seagate Technology during the first quarter valued at approximately $372,000. Institutional investors and hedge funds own 92.87% of the company’s stock.

Insider Activity

In other news, EVP John Christopher Morris sold 1,364 shares of the business’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 $1,200,579.16. Following the completion of the sale, the executive vice president directly owned 12,088 shares in the company, valued at approximately $10,639,736.72. The trade was a 10.14% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Gianluca Romano sold 903 shares of the company’s stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $880.19, for a total value of $794,811.57. Following the sale, the chief financial officer directly owned 42,860 shares in the company, valued at approximately $37,724,943.40. This represents a 2.06% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 141,069 shares of company stock valued at $107,161,712 over the last three months. Company insiders own 0.79% of the company’s stock.

Trending Headlines about 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 Trading Up 3.2%

NASDAQ STX opened at $1,025.36 on Friday. Seagate Technology Holdings PLC has a 12 month low of $138.00 and a 12 month high of $1,145.00. 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 company’s fifty day moving average price is $811.11 and its two-hundred day moving average price is $526.55.

Seagate Technology (NASDAQ:STX) last released its earnings results on Tuesday, April 28th. The data storage provider reported $4.10 earnings per share for the quarter, topping the consensus estimate of $3.51 by $0.59. The company had revenue of $3.11 billion during the quarter, compared to the consensus estimate of $2.96 billion. Seagate Technology had a net margin of 21.60% and a return on equity of 1,005.65%. The company’s revenue was up 44.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.90 EPS. Seagate Technology has set its Q4 2026 guidance at 4.800-5.200 EPS. As a group, research analysts predict 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. Investors of record on Wednesday, June 24th will be issued a $0.74 dividend. This represents a $2.96 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend is Wednesday, June 24th. Seagate Technology’s payout ratio is currently 28.08%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on STX. Wells Fargo & Company upped their target price on shares of Seagate Technology from $700.00 to $900.00 and gave the company an “equal weight” rating in a research note on Monday, June 1st. Rosenblatt Securities boosted their price objective on shares of Seagate Technology from $500.00 to $1,000.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th. Weiss Ratings reissued a “buy (b)” rating on shares of Seagate Technology in a research report on Friday, March 27th. 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 research report on Wednesday, April 29th. Finally, The Goldman Sachs Group boosted their price target on Seagate Technology from $385.00 to $700.00 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. One analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $831.79.

Seagate Technology Company 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.