Stone Wealth Partners Makes New $696,000 Investment in Seagate Technology Holdings PLC $STX

Stone Wealth Partners acquired a new position in shares of Seagate Technology Holdings PLC (NASDAQ:STX) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 2,519 shares of the data storage provider’s stock, valued at approximately $696,000.

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

Seagate Technology News Roundup

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

• Positive Sentiment: JPMorgan reiterated an Overweight rating on Seagate and lifted its price target to $920 from $775, citing optimism around pricing and margin expansion as demand remains strong. Why JPMorgan Remains Bullish on Seagate Technology Holdings plc (STX)
• Positive Sentiment: Multiple reports highlighted Seagate as a momentum pick tied to AI data explosion, with analysts saying HAMR-based Mozaic technology positions the company for multi-year storage demand growth. AI’s Data Explosion Creates a Multi-Year Growth Runway for Seagate
• Positive Sentiment: Seagate was also mentioned alongside other memory names as a beneficiary of surging memory prices and elevated demand, including after Apple flagged higher memory costs, which lifted the entire group. MU, WDC, SNDK, STX Stocks Rally Overnight After Apple Flags Memory Cost Surge
• Positive Sentiment: Another Zacks note said Seagate remains attractive as an AI memory stock with strong revenue growth, pricing power, and improving profitability. Micron & Another AI Memory Stock to Buy Now for Big Upside
• Neutral Sentiment: One article noted some insider selling by Seagate executives, but framed it as a routine profit-taking event rather than a negative business signal. Seagate’s C-Suite Just Sold Stock. It’s Not the Signal You Think.
• Neutral Sentiment: Broader market rotation news showed investors moving out of technology and into financials on one trading day, which could create some short-term pressure on tech shares generally. Financials Rose, Tech Fell Before Kevin Warsh Fed Debut

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. Morgan Stanley boosted their price objective on Seagate Technology from $767.00 to $1,035.00 and gave the stock an “overweight” rating in a research report on Monday. Wedbush raised their target price 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. Zacks Research upgraded shares of Seagate Technology from a “hold” rating to a “strong-buy” rating in a research note on Friday, May 1st. Susquehanna boosted their price target on shares of Seagate Technology from $485.00 to $615.00 and gave the stock a “neutral” rating in a report on Wednesday, April 29th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Seagate Technology from $775.00 to $920.00 and gave the company an “overweight” rating in a research report on Thursday, June 11th. One analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, Seagate Technology has a consensus rating of “Moderate Buy” and an average target price of $831.79.

Insider Activity at Seagate Technology

In other news, EVP Ban Seng Teh sold 989 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 transaction of $870,507.91. Following the completion of the sale, the executive vice president owned 4,290 shares in the company, valued at approximately $3,776,015.10. The trade was a 18.73% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP John Christopher Morris sold 1,364 shares of the company’s stock in a transaction on Friday, June 12th. The shares were sold at an average price of $880.19, for a total transaction of $1,200,579.16. Following the completion of the transaction, the executive vice president owned 12,088 shares of the company’s stock, valued at approximately $10,639,736.72. The trade was a 10.14% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 141,069 shares of company stock valued at $107,161,712 in the last quarter. Company insiders own 0.79% of the company’s stock.

Seagate Technology Trading Up 0.4%

NASDAQ:STX opened at $1,070.23 on Friday. Seagate Technology Holdings PLC has a 1 year low of $130.32 and a 1 year high of $1,145.00. The stock has a market cap of $239.98 billion, a P/E ratio of 101.54 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. The stock has a 50-day simple moving average of $757.65 and a 200-day simple moving average of $499.23.

Seagate Technology (NASDAQ:STX) last issued 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 business had revenue of $3.11 billion for the quarter, compared to analyst estimates of $2.96 billion. Seagate Technology had a return on equity of 1,005.65% and a net margin of 21.60%.The business’s quarterly revenue was up 44.1% on a year-over-year basis. During the same quarter last year, the company earned $1.90 EPS. Seagate Technology has set its Q4 2026 guidance at 4.800-5.200 EPS. As a group, analysts anticipate that Seagate Technology Holdings PLC will post 14.14 earnings per share 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. Shareholders of record on Wednesday, June 24th will be paid a $0.74 dividend. This represents a $2.96 annualized dividend and a yield of 0.3%. The ex-dividend date is Wednesday, June 24th. Seagate Technology’s dividend payout ratio is currently 28.08%.

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.