Kovitz Investment Group Partners LLC Lowers Position in Seagate Technology Holdings PLC $STX

Posted by Geri Gentry on Jun 20th, 2026

Kovitz Investment Group Partners LLC trimmed its position in shares of Seagate Technology Holdings PLC (NASDAQ:STX – Free Report) by 92.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 12,049 shares of the data storage provider’s stock after selling 141,388 shares during the quarter. Kovitz Investment Group Partners LLC’s holdings in Seagate Technology were worth $3,318,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in STX. Compound Planning Inc. lifted its stake in shares of Seagate Technology by 26.3% in the 4th quarter. Compound Planning Inc. now owns 1,962 shares of the data storage provider’s stock valued at $540,000 after purchasing an additional 408 shares during the period. Axxcess Wealth Management LLC grew its stake in Seagate Technology by 62.4% in the fourth quarter. Axxcess Wealth Management LLC now owns 2,349 shares of the data storage provider’s stock worth $647,000 after purchasing an additional 903 shares during the period. Birchwood Financial Partners Inc. purchased a new stake in Seagate Technology in the fourth quarter worth $41,000. Corient Private Wealth LLC raised its holdings in Seagate Technology by 311.1% in the fourth quarter. Corient Private Wealth LLC now owns 122,444 shares of the data storage provider’s stock worth $33,720,000 after purchasing an additional 92,656 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV lifted its position in Seagate Technology by 26.8% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 37,712 shares of the data storage provider’s stock valued at $10,386,000 after buying an additional 7,973 shares during the period. Hedge funds and other institutional investors own 92.87% of the company’s stock.

Seagate Technology Price Performance

Shares of NASDAQ STX opened at $1,070.23 on Friday. Seagate Technology Holdings PLC has a twelve month low of $130.32 and a twelve month high of $1,145.00. The firm 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 50 day moving average of $769.13 and a 200 day moving average of $503.22. 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 data on Tuesday, April 28th. The data storage provider reported $4.10 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to analysts’ expectations of $2.96 billion. During the same period in the prior year, the firm posted $1.90 EPS. The firm’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. As a group, research analysts expect that Seagate Technology Holdings PLC will post 14.14 EPS for the current fiscal year.

Seagate Technology Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 7th. Stockholders of record on Wednesday, June 24th will be issued a dividend of $0.74 per share. This represents a $2.96 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend is Wednesday, June 24th. Seagate Technology’s dividend payout ratio is presently 28.08%.

Key Headlines Impacting Seagate Technology

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

Positive Sentiment: Analysts highlighted Seagate as a momentum pick tied to AI-driven data-center growth, saying demand for large-scale storage solutions could drive upside for STX. Seagate & Another AI Memory Momentum Stock With Big Upside
Positive Sentiment: JPMorgan reaffirmed an Overweight rating and raised its price target on Seagate to $920 from $775, citing a constructive outlook for pricing and incremental margins. Why JPMorgan Remains Bullish on Seagate Technology Holdings plc (STX)
Positive Sentiment: More coverage pointed to AI’s data explosion creating a multi-year growth runway for Seagate’s HAMR-based Mozaic platform, reinforcing the case for rising storage demand across cloud and data centers. AI’s Data Explosion Creates a Multi-Year Growth Runway for Seagate
Positive Sentiment: Memory and storage stocks were broadly stronger after Apple flagged rising memory costs, which helped lift sentiment across the group, including STX. MU, WDC, SNDK, STX Stocks Rally Overnight After Apple Flags Memory Cost Surge
Neutral Sentiment: One report noted that a broader market rotation favored financials over tech, which could have created some headwind for technology shares despite Seagate-specific bullish catalysts. Financials Rose, Tech Fell Before Kevin Warsh Fed Debut
Neutral Sentiment: There was also insider selling by Seagate executives, but the article argued it was not necessarily a negative signal for the business outlook. Seagate’s C-Suite Just Sold Stock. It’s Not the Signal You Think.

Insiders Place Their Bets

In related news, CFO Gianluca Romano sold 22,488 shares of the stock in a transaction on Wednesday, May 6th. The stock was sold at an average price of $774.22, for a total transaction of $17,410,659.36. Following the sale, the chief financial officer directly owned 42,847 shares of the company’s stock, valued at $33,173,004.34. This trade represents a 34.42% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO William D. Mosley sold 30,000 shares of Seagate Technology stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $751.29, for a total value of $22,538,700.00. Following the completion of the sale, the chief executive officer owned 339,591 shares of the company’s stock, valued at $255,131,322.39. The trade was a 8.12% 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 ninety days, insiders sold 141,069 shares of company stock valued at $107,161,712. Company insiders own 0.79% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently commented on the stock. Wells Fargo & Company boosted their target price on shares of Seagate Technology from $700.00 to $900.00 and gave the company an “equal weight” rating in a report on Monday, June 1st. Cantor Fitzgerald increased their price target on shares of Seagate Technology from $700.00 to $1,000.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 29th. Morgan Stanley lifted their price target on shares of Seagate Technology from $767.00 to $1,035.00 and gave the company an “overweight” rating in a research report on Monday, June 15th. Rosenblatt Securities boosted their price objective on shares of Seagate Technology from $500.00 to $1,000.00 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. Finally, TD Cowen upped their price objective on shares of Seagate Technology from $500.00 to $850.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th. One analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $831.79.

Check Out Our Latest Stock Analysis on Seagate Technology

About Seagate Technology

(Free Report)

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.