FNY Investment Advisers LLC Buys Shares of 849 Seagate Technology Holdings PLC $STX

FNY Investment Advisers LLC purchased a new stake in Seagate Technology Holdings PLC (NASDAQ:STX) during the 2nd quarter, HoldingsChannel reports. The institutional investor purchased 849 shares of the data storage provider’s stock, valued at approximately $819,000.

A number of other hedge funds have also modified their holdings of the business. Integrated Wealth Concepts LLC increased its position in shares of Seagate Technology by 168.0% during the 1st quarter. Integrated Wealth Concepts LLC now owns 7,177 shares of the data storage provider’s stock worth $610,000 after purchasing an additional 4,499 shares during the last quarter. Sivia Capital Partners LLC purchased a new position in Seagate Technology during the second quarter worth about $262,000. Cerity Partners LLC increased its position in shares of Seagate Technology by 25.8% during the second quarter. Cerity Partners LLC now owns 36,682 shares of the data storage provider’s stock valued at $5,294,000 after acquiring an additional 7,517 shares during the last quarter. Sei Investments Co. increased its position in shares of Seagate Technology by 64.8% during the second quarter. Sei Investments Co. now owns 8,543 shares of the data storage provider’s stock valued at $1,233,000 after acquiring an additional 3,358 shares during the last quarter. Finally, The Manufacturers Life Insurance Company raised its stake in shares of Seagate Technology by 0.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 127,887 shares of the data storage provider’s stock valued at $18,458,000 after acquiring an additional 462 shares during the period. 92.87% of the stock is currently owned by hedge funds and other institutional investors.

Seagate Technology Price Performance

Shares of STX opened at $852.95 on Friday. The company has a market cap of $193.32 billion, a P/E ratio of 61.45 and a beta of 2.06. Seagate Technology Holdings PLC has a fifty-two week low of $144.75 and a fifty-two week high of $1,145.00. The company has a quick ratio of 1.17, a current ratio of 1.67 and a debt-to-equity ratio of 1.56. The firm’s 50 day moving average price is $896.05 and its 200 day moving average price is $644.70.

Seagate Technology (NASDAQ:STX) last posted its quarterly earnings results on Tuesday, July 28th. The data storage provider reported $5.71 EPS for the quarter, topping the consensus estimate of $5.10 by $0.61. The business had revenue of $3.63 billion during the quarter, compared to the consensus estimate of $3.50 billion. Seagate Technology had a net margin of 26.11% and a return on equity of 369.98%. The company’s quarterly revenue was up 48.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.59 earnings per share. Seagate Technology has set its Q1 2027 guidance at 7.100-7.500 EPS. On average, research analysts forecast that Seagate Technology Holdings PLC will post 33.08 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 Wednesday, October 7th. Shareholders of record on Thursday, September 24th will be issued a dividend of $0.74 per share. The ex-dividend date is Thursday, September 24th. This represents a $2.96 annualized dividend and a yield of 0.3%. Seagate Technology’s dividend payout ratio is 21.33%.

Seagate Technology News Roundup

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

• Positive Sentiment: Analysts raised Seagate’s fair-value estimate. New assumptions around hard-disk-drive pricing power, AI-driven storage demand, margins and cash generation lifted a reported fair-value estimate from $959.48 to $1,115.87, reinforcing the long-term bullish case for STX. Seagate Stock Fair Value Rises
• Positive Sentiment: STX remains a favored AI-growth stock. Seagate was included among highly ranked August growth ideas, with analysts citing continued AI infrastructure spending and demand for data-center storage. The company also recently exceeded quarterly EPS and revenue expectations and issued strong forward EPS guidance. Top-Ranked Growth Stocks for August
• Neutral Sentiment: An executive sale was disclosed. EVP John Christopher Morris sold 168 shares for about $137,000 under a pre-arranged Rule 10b5-1 trading plan. Because the transaction was scheduled in advance and represented only a 1.39% reduction in his holdings, it is a limited signal of management sentiment. Seagate Insider Sale
• Negative Sentiment: Sector guidance failed to meet elevated expectations. Western Digital beat quarterly estimates but its outlook disappointed investors, while Sandisk similarly failed to provide the “knockout” guidance the AI-memory trade has come to expect. Seagate, Micron, SK Hynix and Samsung consequently moved lower in sympathy. Why Western Digital Stock Is Sinking
• Negative Sentiment: High valuation increases sensitivity to sentiment. With STX trading at an elevated earnings multiple and carrying a beta of 2.06, investors may be particularly quick to lock in gains when peer guidance raises concerns about the pace or durability of AI-related storage demand.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on STX. Cantor Fitzgerald restated an “overweight” rating and issued a $1,300.00 price objective on shares of Seagate Technology in a report on Wednesday, July 29th. Rosenblatt Securities lifted their target price on shares of Seagate Technology from $1,300.00 to $1,400.00 and gave the company a “buy” rating in a report on Wednesday, July 29th. Melius Research started coverage on Seagate Technology in a research report on Monday, June 29th. They issued a “buy” rating and a $1,600.00 target price on the stock. Citigroup raised their price target on Seagate Technology from $1,240.00 to $1,300.00 and gave the stock a “buy” rating in a research report on Wednesday, July 29th. Finally, The Goldman Sachs Group lifted their price objective on Seagate Technology from $385.00 to $700.00 and gave the company a “buy” rating in a research note on Wednesday, April 29th. One analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $986.00.

Insider Buying and Selling

In other news, CEO William D. Mosley sold 17,080 shares of Seagate Technology stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $827.30, for a total value of $14,130,284.00. Following the completion of the transaction, the chief executive officer owned 295,517 shares in the company, valued at approximately $244,481,214.10. This trade represents a 5.46% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Gianluca Romano sold 903 shares of the business’s stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $880.19, for a total value of $794,811.57. Following the transaction, the chief financial officer directly owned 42,860 shares of the company’s stock, valued at approximately $37,724,943.40. This represents a 2.06% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 149,638 shares of company stock worth $126,692,095 over the last ninety days. Company insiders own 0.79% of the company’s 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.