Marino Stram & Associates LLC Takes Position in Seagate Technology Holdings PLC $STX

Marino Stram & Associates LLC acquired a new position in shares of Seagate Technology Holdings PLC (NASDAQ:STX) during the 1st quarter, HoldingsChannel.com reports. The fund acquired 609 shares of the data storage provider’s stock, valued at approximately $239,000.

Other hedge funds have also modified their holdings of the company. Salomon & Ludwin LLC raised its stake in Seagate Technology by 124.4% during the fourth 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. increased its holdings in shares of Seagate Technology by 884.2% during the 2nd quarter. Rakuten Securities Inc. now owns 187 shares of the data storage provider’s stock worth $27,000 after buying an additional 168 shares during the last quarter. Armstrong Advisory Group Inc. purchased a new position in shares of Seagate Technology in the 4th quarter worth $28,000. Avion Wealth boosted its holdings in Seagate Technology by 343.5% in the fourth quarter. Avion Wealth now owns 102 shares of the data storage provider’s stock valued at $28,000 after acquiring an additional 79 shares during the last quarter. Finally, Concord Wealth Partners acquired a new position in Seagate Technology in the fourth quarter valued at $28,000. 92.87% of the stock is owned by institutional investors and hedge funds.

Seagate Technology Stock Down 4.7%

STX stock opened at $827.64 on Wednesday. The company has a current ratio of 1.33, a quick ratio of 0.85 and a debt-to-equity ratio of 3.16. The firm has a 50 day simple moving average of $863.76 and a 200-day simple moving average of $560.15. The company has a market capitalization of $185.58 billion, a P/E ratio of 78.52 and a beta of 2.04. Seagate Technology Holdings PLC has a twelve month low of $138.30 and a twelve month high of $1,145.00.

Seagate Technology (NASDAQ:STX) last posted its quarterly earnings data on Tuesday, April 28th. The data storage provider reported $4.10 EPS for the quarter, beating analysts’ consensus estimates of $3.51 by $0.59. The firm had revenue of $3.11 billion for 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 firm’s revenue was up 44.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.90 EPS. Seagate Technology has set its Q4 2026 guidance at 4.800-5.200 EPS. On average, equities research analysts predict that Seagate Technology Holdings PLC will post 14.14 earnings per share for the current fiscal year.

Seagate Technology Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 7th. Investors of record on Wednesday, June 24th were paid a $0.74 dividend. This represents a $2.96 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date was Wednesday, June 24th. Seagate Technology’s dividend payout ratio (DPR) is 28.08%.

Insider Transactions at Seagate Technology

In other news, CEO William D. Mosley sold 9,343 shares of Seagate Technology stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $924.42, for a total value of $8,636,856.06. Following the completion of the transaction, the chief executive officer owned 311,517 shares in the company, valued at approximately $287,972,545.14. This trade represents a 2.91% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP John Christopher Morris sold 1,364 shares of the business’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 $1,200,579.16. Following the completion of the sale, the executive vice president owned 12,088 shares of the company’s stock, valued at $10,639,736.72. This trade represents a 10.14% 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. Insiders sold 151,069 shares of company stock valued at $126,191,753 in the last three months. Corporate 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: Seagate was named a top momentum stock for July, with screens pointing to strong price trends, earnings surprises, and growth expectations. Micron & 2 Momentum Stocks to Buy in July for Explosive Upside
• Positive Sentiment: Analysts said Seagate has the right setup for another earnings beat, pointing to its strong track record of topping estimates. Will Seagate (STX) Beat Estimates Again in Its Next Earnings Report?
• Positive Sentiment: BofA reiterated its Buy rating and raised its price target, reinforcing the view that Seagate can keep benefiting from AI-driven storage demand. Is Seagate (STX) the Best Pick and Shovel AI Stock to Invest In?
• Positive Sentiment: Sector commentary said memory and storage stocks are rebounding as analysts point to attractive entry points, pricing strength, and persistent AI demand. Memory stocks rebound as analysts flag a buying opportunity
• Positive Sentiment: Another sector note argued that Seagate is seeing margin expansion and tight supply conditions, supporting the bullish AI hardware narrative. Flash Crash or Cash? The AI Hardware Reset Investors Can’t Ignore (STX)
• Neutral Sentiment: One valuation-focused article said Seagate has had a huge multi-year run and now trades at a premium, so investors are watching whether the stock has already priced in much of the good news. Seagate (STX) Stock Trades At A Premium As Its 14x Run Tests Fair Value
• Neutral Sentiment: Brokerage consensus remains “Moderate Buy,” which supports sentiment but does not add a fresh near-term catalyst. Seagate Technology Holdings PLC (NASDAQ:STX) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Cantor Fitzgerald lifted their price objective on Seagate Technology from $1,000.00 to $1,300.00 and gave the company an “overweight” rating in a research note on Monday, June 29th. Wedbush raised their price target on shares of Seagate Technology from $700.00 to $825.00 and gave the company an “outperform” rating in a report on Monday, April 27th. China Renaissance lifted their price target on shares of Seagate Technology from $802.00 to $983.00 in a research report on Friday, June 12th. Susquehanna boosted their price objective on shares of Seagate Technology from $485.00 to $615.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 29th. Finally, Argus increased their price objective 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. Twenty-one analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $880.52.

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.