ARS Investment Partners LLC trimmed its holdings in Seagate Technology Holdings PLC (NASDAQ:STX – Free Report) by 3.1% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 101,172 shares of the data storage provider’s stock after selling 3,215 shares during the period. Seagate Technology makes up about 1.6% of ARS Investment Partners LLC’s holdings, making the stock its 20th largest holding. ARS Investment Partners LLC’s holdings in Seagate Technology were worth $27,862,000 as of its most recent SEC filing.
Other hedge funds also recently added to or reduced their stakes in the company. Salomon & Ludwin LLC grew its position in Seagate Technology by 124.4% in the fourth quarter. Salomon & Ludwin LLC now owns 92 shares of the data storage provider’s stock worth $27,000 after acquiring an additional 51 shares during the period. Armstrong Advisory Group Inc. purchased a new position in Seagate Technology in the fourth quarter worth approximately $28,000. Concord Wealth Partners purchased a new position in Seagate Technology in the fourth quarter worth approximately $28,000. Avion Wealth grew its position in Seagate Technology by 343.5% in the fourth quarter. Avion Wealth now owns 102 shares of the data storage provider’s stock worth $28,000 after acquiring an additional 79 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new position in Seagate Technology in the fourth quarter worth approximately $37,000. 92.87% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
Several research analysts recently weighed in on the company. Robert W. Baird increased their price objective on Seagate Technology from $270.00 to $505.00 and gave the stock an “outperform” rating in a research report on Thursday, January 29th. TD Cowen increased their price objective on Seagate Technology from $500.00 to $850.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. BNP Paribas Exane raised their price target on Seagate Technology from $530.00 to $860.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 29th. Loop Capital raised their price target on Seagate Technology from $950.00 to $1,140.00 and gave the stock a “buy” rating in a research report on Friday. Finally, Rosenblatt Securities raised their price target on Seagate Technology from $500.00 to $1,000.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. One research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, Seagate Technology presently has an average rating of “Moderate Buy” and a consensus target price of $733.71.
Seagate Technology Trading Down 1.2%
STX opened at $795.47 on Friday. Seagate Technology Holdings PLC has a 52 week low of $103.73 and a 52 week high of $841.31. The business has a fifty day simple moving average of $526.24 and a 200-day simple moving average of $393.24. The firm has a market cap of $178.37 billion, a P/E ratio of 75.47 and a beta of 1.98. The company has a quick ratio of 0.85, a current ratio of 1.33 and a debt-to-equity ratio of 3.16.
Seagate Technology (NASDAQ:STX – Get Free Report) last released its quarterly earnings results on Tuesday, April 28th. The data storage provider reported $4.10 EPS for the quarter, topping the consensus estimate of $3.51 by $0.59. Seagate Technology had a return on equity of 1,005.65% and a net margin of 21.60%.The business had revenue of $3.11 billion during the quarter, compared to analyst estimates of $2.96 billion. During the same period last year, the business posted $1.90 earnings per share. The company’s quarterly revenue was up 44.1% on a year-over-year basis. Seagate Technology has set its Q4 2026 guidance at 4.800-5.200 EPS. On average, equities analysts expect that Seagate Technology Holdings PLC will post 14.1 earnings per share for the current year.
Seagate Technology Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 7th. Stockholders of record on Wednesday, June 24th will be paid a $0.74 dividend. This represents a $2.96 annualized dividend and a dividend yield of 0.4%. The ex-dividend date is Wednesday, June 24th. Seagate Technology’s dividend payout ratio (DPR) is presently 28.08%.
Insiders Place Their Bets
In other news, CFO Gianluca Romano sold 1,902 shares of the stock in a transaction on Thursday, May 7th. The stock was sold at an average price of $770.00, for a total value of $1,464,540.00. Following the sale, the chief financial officer directly owned 40,945 shares in the company, valued at approximately $31,527,650. This trade represents a 4.44% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Ban Seng Teh sold 8,003 shares of the stock in a transaction on Thursday, May 14th. The shares were sold at an average price of $817.28, for a total value of $6,540,691.84. Following the completion of the sale, the executive vice president owned 3,691 shares in the company, valued at approximately $3,016,580.48. The trade was a 68.44% 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. In the last 90 days, insiders sold 118,283 shares of company stock valued at $65,989,618. 0.79% of the stock is owned by company insiders.
Seagate Technology News Summary
Here are the key news stories impacting Seagate Technology this week:
- Positive Sentiment: Loop Capital raised its price target on Seagate Technology (STX) from $950 to $1,140 and reiterated a buy rating, signaling confidence that AI-driven storage demand and Seagate’s product mix can keep earnings momentum strong.
- Positive Sentiment: Recent market coverage continues to highlight Seagate as a beneficiary of booming AI data center spending, with strong enterprise storage demand and HAMR adoption supporting the company’s growth outlook.
- Neutral Sentiment: Seagate also remains in focus after reporting a strong earnings beat and raising guidance, which reinforces the view that fundamentals are improving even after a sharp run-up in the share price.
- Negative Sentiment: Investor sentiment may be pressured by recent insider selling, as EVP Ban Seng Teh sold shares in two transactions under a pre-arranged 10b5-1 plan, which can still be read cautiously by the market.
- Negative Sentiment: The planned retirement of Lead Independent Director Mike Cannon adds a governance change that could create some uncertainty, even though it does not directly affect operations.
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.
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