Harbor Investment Advisory LLC Purchases 598 Shares of Seagate Technology Holdings PLC $STX

Harbor Investment Advisory LLC raised its position in shares of Seagate Technology Holdings PLC (NASDAQ:STX) by 54.3% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,699 shares of the data storage provider’s stock after purchasing an additional 598 shares during the period. Harbor Investment Advisory LLC’s holdings in Seagate Technology were worth $1,640,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also made changes to their positions in STX. State Street Corp raised its holdings in shares of Seagate Technology by 1.0% in the fourth quarter. State Street Corp now owns 9,370,805 shares of the data storage provider’s stock valued at $2,587,535,000 after acquiring an additional 94,527 shares in the last quarter. Morgan Stanley lifted its stake in Seagate Technology by 5.1% in the fourth quarter. Morgan Stanley now owns 5,317,516 shares of the data storage provider’s stock worth $1,464,391,000 after acquiring an additional 258,151 shares during the period. Geode Capital Management LLC grew its holdings in Seagate Technology by 5.0% during the 4th quarter. Geode Capital Management LLC now owns 4,896,815 shares of the data storage provider’s stock worth $1,343,683,000 after acquiring an additional 234,436 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its position in Seagate Technology by 8.3% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,193,063 shares of the data storage provider’s stock valued at $879,338,000 after purchasing an additional 243,551 shares during the period. Finally, Massachusetts Financial Services Co. MA increased its position in Seagate Technology by 1,510.1% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 2,008,516 shares of the data storage provider’s stock valued at $553,125,000 after purchasing an additional 1,883,769 shares during the period. 92.87% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, EVP James Ci Lee sold 694 shares of the company’s stock in a transaction dated Thursday, July 30th. The stock was sold at an average price of $877.45, for a total transaction of $608,950.30. Following the transaction, the executive vice president directly owned 347 shares of the company’s stock, valued at $304,475.15. This represents a 66.67% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP John Christopher Morris sold 168 shares of the stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $817.76, for a total value of $137,383.68. Following the completion of the sale, the executive vice president owned 11,920 shares of the company’s stock, valued at approximately $9,747,699.20. This trade represents a 1.39% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 149,638 shares of company stock worth $126,692,095. Company insiders own 0.79% of the company’s stock.

Seagate Technology Stock Down 0.9%

Shares of Seagate Technology stock opened at $837.66 on Thursday. 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 company has a market cap of $187.83 billion, a P/E ratio of 60.35 and a beta of 2.06. The firm’s 50 day moving average price is $896.61 and its 200-day moving average price is $640.99. Seagate Technology Holdings PLC has a 52-week low of $144.75 and a 52-week high of $1,145.00.

Seagate Technology (NASDAQ:STX) last posted its earnings results on Tuesday, July 28th. The data storage provider reported $5.71 EPS for the quarter, beating analysts’ consensus estimates of $5.10 by $0.61. The company had revenue of $3.63 billion during the quarter, compared to analysts’ expectations of $3.50 billion. Seagate Technology had a net margin of 26.11% and a return on equity of 369.98%. Seagate Technology’s revenue for the quarter was up 48.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.59 earnings per share. Seagate Technology has set its Q1 2027 guidance at 7.100-7.500 EPS. On average, sell-side analysts predict that Seagate Technology Holdings PLC will post 33.08 EPS for the current fiscal year.

Seagate Technology Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 7th. Stockholders of record on Thursday, September 24th will be issued a dividend of $0.74 per share. This represents a $2.96 annualized dividend and a dividend yield of 0.4%. The ex-dividend date is Thursday, September 24th. Seagate Technology’s dividend payout ratio is currently 21.33%.

Analyst Ratings Changes

A number of research firms have recently issued reports on STX. Sanford C. Bernstein reiterated an “outperform” rating and set a $1,350.00 price objective on shares of Seagate Technology in a research note on Wednesday, July 29th. UBS Group boosted their price objective on shares of Seagate Technology from $515.00 to $545.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 29th. Barclays upped their target price on Seagate Technology from $1,000.00 to $1,250.00 and gave the stock an “overweight” rating in a report on Thursday, July 30th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $1,300.00 target price on shares of Seagate Technology in a research report on Wednesday, July 29th. Finally, Citigroup lifted their price target on Seagate Technology from $1,240.00 to $1,300.00 and gave the company a “buy” rating in a report on Wednesday, July 29th. One analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $986.00.

Key Stories Impacting Seagate Technology

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

• Positive Sentiment: Strong earnings and guidance support the bull case. Seagate recently reported quarterly EPS of $5.71, exceeding the $5.10 consensus estimate, while revenue of $3.63 billion surpassed forecasts and rose 48.5% year over year. Management’s next-quarter EPS guidance of $7.10 to $7.50 also points to continued momentum. 5 Momentum Stocks to Buy for August Despite a Mixed July
• Positive Sentiment: AI infrastructure demand remains a key tailwind. Seagate and Western Digital dominate the hard-disk-drive market, and Western Digital’s latest results showed 44% sales growth and adjusted EPS of $3.56, beating expectations. The results reinforce demand for storage capacity tied to data centers and AI workloads, although WD’s late-session stock decline highlights investor caution. Western Digital Earnings Beat With 44% Sales Growth
• Positive Sentiment: Analyst sentiment remains favorable. Seagate has a consensus “Moderate Buy” rating, with several firms recently raising price targets. It has also been identified as an August momentum stock because of AI exposure, earnings growth and financial strength. Zacks 5 Momentum Stocks to Buy
• Neutral Sentiment: Insider sales add headline pressure but were prearranged. CEO William D. Mosley sold 30,000 shares for roughly $24.5 million across two transactions, while executives John Christopher Morris and James Ci Lee also sold shares. All reported transactions were executed under Rule 10b5-1 plans, making them less reliable indicators of management’s current outlook. Seagate Executive Form 4 Filing
• Negative Sentiment: Sector-wide profit-taking is weighing on STX. Seagate declined alongside Micron and other memory stocks as investors reassessed cyclical demand and elevated valuations. Micron’s recent pullback, despite strong AI-memory demand, underscores the volatility and valuation concerns affecting the broader semiconductor and storage group. Micron Slips 9% in a Month

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.