Patriot Financial Group Insurance Agency LLC Raises Holdings in Seagate Technology Holdings PLC $STX

Patriot Financial Group Insurance Agency LLC increased its stake in shares of Seagate Technology Holdings PLC (NASDAQ:STX) by 112.9% during the 1st quarter, Holdings Channel.com reports. The fund owned 5,244 shares of the data storage provider’s stock after purchasing an additional 2,781 shares during the quarter. Patriot Financial Group Insurance Agency LLC’s holdings in Seagate Technology were worth $2,054,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of STX. Gunderson Capital Management LLC purchased a new stake in shares of Seagate Technology during the first quarter valued at approximately $4,123,000. Cornerstone Wealth Group LLC grew its holdings in shares of Seagate Technology by 0.5% in the first quarter. Cornerstone Wealth Group LLC now owns 3,542 shares of the data storage provider’s stock worth $1,388,000 after purchasing an additional 19 shares during the last quarter. Pictet Asset Management Holding SA increased its stake in shares of Seagate Technology by 1.6% in the first quarter. Pictet Asset Management Holding SA now owns 135,379 shares of the data storage provider’s stock worth $52,985,000 after buying an additional 2,124 shares during the period. Venturi Wealth Management LLC increased its stake in shares of Seagate Technology by 8.2% in the first quarter. Venturi Wealth Management LLC now owns 3,405 shares of the data storage provider’s stock worth $1,334,000 after buying an additional 258 shares during the period. Finally, Maridea Wealth Management LLC bought a new stake in Seagate Technology during the 1st quarter valued at $225,000. 92.87% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

STX has been the subject of several analyst reports. The Goldman Sachs Group increased their price target on shares of Seagate Technology from $385.00 to $700.00 and gave the company a “buy” rating in a research report on Wednesday, April 29th. Mizuho upped their price objective on shares of Seagate Technology from $875.00 to $1,090.00 and gave the company an “outperform” rating in a research note on Monday, June 8th. Wall Street Zen upgraded shares of Seagate Technology from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. BNP Paribas Exane raised their target price on Seagate Technology from $530.00 to $860.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 29th. Finally, Susquehanna boosted their price target on Seagate Technology from $485.00 to $615.00 and gave the company a “neutral” rating in a report on Wednesday, April 29th. One analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $874.52.

Seagate Technology Stock Up 7.6%

Shares of Seagate Technology stock opened at $968.53 on Tuesday. The company has a current ratio of 1.33, a quick ratio of 0.85 and a debt-to-equity ratio of 3.16. The company’s fifty day simple moving average is $827.45 and its two-hundred day simple moving average is $535.71. The company has a market cap of $217.17 billion, a P/E ratio of 91.89 and a beta of 2.04. Seagate Technology Holdings PLC has a 12-month low of $138.30 and a 12-month high of $1,145.00.

Seagate Technology (NASDAQ:STX) last posted its 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 net margin of 21.60% and a return on equity of 1,005.65%. The firm had revenue of $3.11 billion during the quarter, compared to analysts’ expectations of $2.96 billion. During the same period last year, the company posted $1.90 EPS. The company’s quarterly revenue was up 44.1% compared to the same quarter last year. Seagate Technology has set its Q4 2026 guidance at 4.800-5.200 EPS. Research analysts anticipate that Seagate Technology Holdings PLC will post 14.14 EPS for the current year.

Seagate Technology Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 7th. Investors 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 of this dividend is Wednesday, June 24th. Seagate Technology’s dividend payout ratio is presently 28.08%.

Insider Buying and Selling

In other news, Director Shankar Arumugavelu sold 1,000 shares of the business’s stock in a transaction on Thursday, June 4th. The shares were sold at an average price of $927.68, for a total transaction of $927,680.00. Following the sale, the director owned 6,626 shares in the company, valued at approximately $6,146,807.68. The trade was a 13.11% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Gianluca Romano sold 903 shares of the company’s stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $880.19, for a total transaction of $794,811.57. Following the completion of the sale, the chief financial officer directly owned 42,860 shares in the company, valued at $37,724,943.40. This represents a 2.06% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 141,069 shares of company stock valued at $107,161,712 over the last 90 days. 0.79% of the stock is currently owned by company insiders.

Key Stories Impacting Seagate Technology

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

• Positive Sentiment: Cantor Fitzgerald raised its price target on Seagate Technology to $1,300 from $1,000 and kept an overweight rating, signaling confidence that the stock still has room to run. Benzinga report on Cantor Fitzgerald upgrade
• Positive Sentiment: Melius Research initiated coverage with a buy rating and a $1,600 price target, reinforcing the view that Seagate could benefit further from AI infrastructure spending and tight memory supply. Yahoo Finance company news for Jun 29, 2026
• Positive Sentiment: Multiple articles highlighted Seagate as one of the leading AI infrastructure and memory stocks, with commentary pointing to strong earnings trends and structural demand from cloud and AI customers. Zacks article on AI infrastructure stocks
• Positive Sentiment: Seagate’s plan to redeem $150.7 million of exchangeable notes due 2028 should modestly improve the balance sheet and reduce future debt-related risk. Yahoo Finance article on debt redemption
• Neutral Sentiment: Some commentary suggested the stock may already reflect a lot of the good news, with one Seeking Alpha piece arguing Seagate is performing well but leaves limited upside from current levels. Seeking Alpha article on Seagate valuation
• Neutral Sentiment: Another market note said Seagate has benefited from a broader memory shortage and stronger pricing, but the article focused more on the industry backdrop than on a new company-specific catalyst. MarketBeat article on memory stocks

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.