Seagate Technology Holdings PLC $STX Shares Newly Acquired by Pinkerton Wealth LLC

Pinkerton Wealth LLC purchased a new position in Seagate Technology Holdings PLC (NASDAQ:STX) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 926 shares of the data storage provider’s stock, valued at approximately $854,000.

Several other large investors also recently added to or reduced their stakes in the stock. Retirement Wealth Solutions LLC raised its position in Seagate Technology by 70.6% during the second quarter. Retirement Wealth Solutions LLC now owns 29 shares of the data storage provider’s stock valued at $28,000 after purchasing an additional 12 shares during the period. Jones Financial Companies Lllp bought a new stake in shares of Seagate Technology in the 2nd quarter valued at approximately $39,000. One River Asset Management LLC boosted its holdings in shares of Seagate Technology by 50.0% in the 3rd quarter. One River Asset Management LLC now owns 45 shares of the data storage provider’s stock worth $42,000 after purchasing an additional 15 shares during the period. Creative Capital Management Investments LLC boosted its holdings in shares of Seagate Technology by 104.5% in the 3rd quarter. Creative Capital Management Investments LLC now owns 45 shares of the data storage provider’s stock worth $42,000 after purchasing an additional 23 shares during the period. Finally, Laurel Wealth Advisors LLC purchased a new position in shares of Seagate Technology in the 3rd quarter worth approximately $42,000. 92.87% of the stock is owned by institutional investors.

Trending Headlines about Seagate Technology

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

• Positive Sentiment: Seagate reported fiscal Q1 2027 revenue of approximately $4.23 billion, up 61% year over year, and non-GAAP EPS of $7.68, exceeding the $7.44 consensus estimate. Record free cash flow of roughly $1.5 billion, stronger pricing and robust mass-capacity demand support the company’s AI and cloud-storage growth outlook. Seagate Q1 Earnings Ride Record Cash Flow and AI Demand
• Positive Sentiment: Analysts continue to highlight Seagate’s exposure to expanding data-center capacity needs. Some commentary favors STX over Western Digital because of its higher return on equity, lower forward valuation and record cash generation. Western Digital vs. Seagate
• Positive Sentiment: Seagate announced a dividend increase, adding to its appeal for income-oriented investors during market volatility and ongoing inflation and interest-rate uncertainty. Stocks That Declared Dividend Hikes
• Positive Sentiment: Wedbush maintained an “Outperform” rating, while Morgan Stanley reportedly reduced its target but still sees substantial potential upside, indicating that some analysts view the pullback as an opportunity. Wedbush Outperform Rating
• Neutral Sentiment: The earnings response has been muted because elevated expectations appear to have been largely priced into STX after its substantial prior run. Investors are weighing excellent results against valuation, future growth assumptions and the sustainability of AI-driven demand. Post-Earnings Pullback
• Negative Sentiment: Seagate is declining alongside Sandisk, Western Digital and Micron in a broader semiconductor and memory-stock selloff, suggesting sector-wide profit-taking is outweighing the company’s earnings beat. Storage and Memory Stocks Sell Off
• Negative Sentiment: TD Cowen, Morgan Stanley, Citigroup, Susquehanna and Wells Fargo lowered their price targets or forecasts. Summit Insights also downgraded the stock, creating near-term pressure even though several firms remain constructive. TD Cowen Cuts Seagate Price Target

Seagate Technology Price Performance

Shares of NASDAQ STX opened at $644.58 on Monday. Seagate Technology Holdings PLC has a 1 year low of $228.61 and a 1 year high of $1,145.00. The firm has a 50-day simple moving average of $799.09 and a two-hundred day simple moving average of $688.41. The company has a market cap of $146.57 billion, a P/E ratio of 33.85 and a beta of 2.06. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.82 and a quick ratio of 1.25.

Seagate Technology (NASDAQ:STX) last released its earnings results on Tuesday, October 27th. The data storage provider reported $7.68 EPS for the quarter, beating analysts’ consensus estimates of $7.44 by $0.24. Seagate Technology had a return on equity of 252.47% and a net margin of 31.86%. The firm had revenue of $4.23 billion for the quarter, compared to analysts’ expectations of $4.15 billion. During the same quarter in the prior year, the firm posted $2.61 earnings per share. The company’s quarterly revenue was up 61.0% on a year-over-year basis. Research analysts anticipate that Seagate Technology Holdings PLC will post 37.44 earnings per share for the current year.

Seagate Technology Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 7th. Stockholders of record on Wednesday, December 23rd will be given a dividend of $0.76 per share. This represents a $3.04 annualized dividend and a dividend yield of 0.5%. This is a positive change from Seagate Technology’s previous quarterly dividend of $0.74. The ex-dividend date is Wednesday, December 23rd. Seagate Technology’s dividend payout ratio is 15.97%.

Insider Buying and Selling at Seagate Technology

In other news, EVP Ban Teh sold 52,730 shares of the business’s stock in a transaction on Tuesday, September 15th. The shares were sold at an average price of $782.08, for a total transaction of $41,239,078.40. Following the completion of the sale, the executive vice president directly owned 5,810 shares of the company’s stock, valued at approximately $4,543,884.80. The trade was a 90.08% decrease in their ownership of the stock. The sale was disclosed in a document filed 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, CFO Gianluca Romano sold 49,984 shares of the company’s stock in a transaction dated Tuesday, September 15th. The stock was sold at an average price of $772.16, for a total transaction of $38,595,645.44. Following the completion of the transaction, the chief financial officer owned 70,756 shares in the company, valued at approximately $54,634,952.96. The trade was a 41.40% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last 90 days, insiders sold 436,644 shares of company stock valued at $353,934,542. 0.51% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on STX shares. Bank of America boosted their target price on Seagate Technology from $1,150.00 to $1,200.00 and gave the company a “buy” rating in a research report on Wednesday, October 21st. Morgan Stanley lowered their price target on Seagate Technology from $1,200.00 to $1,148.00 and set an “overweight” rating for the company in a research report on Wednesday, October 28th. Barclays lifted their price objective on shares of Seagate Technology from $1,000.00 to $1,250.00 and gave the stock an “overweight” rating in a research note on Thursday, July 30th. Wells Fargo & Company cut their price objective on shares of Seagate Technology from $865.00 to $820.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 28th. Finally, UBS Group reiterated a “buy” rating on shares of Seagate Technology in a research report on Monday. Twenty-three investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $1,000.88.

About Seagate Technology

Seagate Technology Holdings plc (NASDAQ: STX) is a data storage company that develops and manufactures mass-capacity storage products and solutions. Its portfolio is centered on hard disk drives (HDDs) used in cloud data centers, enterprise systems, network-attached storage, video and imaging applications, and personal computers.

The company also provides storage-related services and solutions designed to help organizations store, manage, protect, and access large volumes of digital information.