BlueChip Wealth Advisors LLC Acquires Shares of 572 Seagate Technology Holdings PLC $STX

BlueChip Wealth Advisors LLC bought a new position in shares of Seagate Technology Holdings PLC (NASDAQ:STX) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 572 shares of the data storage provider’s stock, valued at approximately $224,000.

Several other institutional investors have also modified their holdings of STX. Massachusetts Financial Services Co. MA boosted its holdings in Seagate Technology by 1,510.1% in the fourth 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 last quarter. Norges Bank bought a new stake in shares of Seagate Technology in the fourth quarter worth $498,363,000. Soroban Capital Partners LP raised its holdings in Seagate Technology by 1,468.1% in the second quarter. Soroban Capital Partners LP now owns 1,417,600 shares of the data storage provider’s stock valued at $204,602,000 after acquiring an additional 1,327,197 shares in the last quarter. Deutsche Bank AG boosted its stake in Seagate Technology by 102.0% during the 4th quarter. Deutsche Bank AG now owns 1,599,962 shares of the data storage provider’s stock valued at $440,614,000 after acquiring an additional 807,962 shares during the last quarter. Finally, National Pension Service grew its holdings in Seagate Technology by 298.7% during the 4th quarter. National Pension Service now owns 997,223 shares of the data storage provider’s stock worth $274,625,000 after acquiring an additional 747,102 shares in the last quarter. Institutional investors and hedge funds own 92.87% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on STX. Citigroup boosted their target price on shares of Seagate Technology from $1,150.00 to $1,240.00 and gave the stock a “buy” rating in a research report on Monday. Sanford C. Bernstein lifted their price target on Seagate Technology from $620.00 to $1,000.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 29th. JPMorgan Chase & Co. boosted their price objective on Seagate Technology from $775.00 to $920.00 and gave the company an “overweight” rating in a report on Thursday, June 11th. Loop Capital upped their price objective on Seagate Technology from $950.00 to $1,140.00 and gave the company a “buy” rating in a research note on Friday, May 15th. Finally, Fox Advisors downgraded Seagate Technology from an “overweight” rating to an “equal weight” rating in a report on Monday, June 22nd. Twenty-two equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $898.52.

Seagate Technology Stock Up 2.1%

STX stock opened at $878.31 on Wednesday. The stock has a market cap of $196.94 billion, a PE ratio of 83.33 and a beta of 2.04. The firm’s 50-day simple moving average is $886.49 and its 200 day simple moving average is $581.00. Seagate Technology Holdings PLC has a fifty-two week low of $138.30 and a fifty-two week high of $1,145.00. 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) last posted its earnings results on Tuesday, April 28th. The data storage provider reported $4.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $2.96 billion. During the same period in the previous year, the business posted $1.90 EPS. Seagate Technology’s 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, sell-side analysts predict that Seagate Technology Holdings PLC will post 14.14 EPS for the current year.

Seagate Technology Announces Dividend

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

Key Stories Impacting Seagate Technology

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

• Positive Sentiment: Citigroup raised its price target on Seagate Technology to $1,240 from $1,150 and reiterated a buy rating, signaling continued analyst confidence in the company’s upside. Tickerreport.com
• Positive Sentiment: Zacks highlighted Seagate as one of several memory stocks that look attractive after the recent sell-off, citing AI demand, improving pricing, and lower valuations. Zacks
• Neutral Sentiment: Seagate said it will report fiscal fourth-quarter and full-year 2026 results on July 28, which puts investors in wait-and-see mode ahead of the earnings release. Business Wire
• Neutral Sentiment: Commentary around Seagate’s upcoming earnings focuses on whether AI and cloud demand can offset concerns about inventory levels, cloud capex hesitation, and macro volatility. Yahoo Finance
• Negative Sentiment: Seagate has been caught in a broader memory-stock selloff triggered by weak sentiment around SK Hynix and renewed doubts about AI demand and memory pricing. Yahoo Finance

Insiders Place Their Bets

In other news, EVP John Christopher Morris sold 1,364 shares of the stock in a transaction on Friday, June 12th. The stock was sold at an average price of $880.19, for a total value of $1,200,579.16. Following the completion of the transaction, the executive vice president owned 12,088 shares of the company’s stock, valued at approximately $10,639,736.72. This represents a 10.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO William D. Mosley sold 9,343 shares of the firm’s stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $924.42, for a total value of $8,636,856.06. Following the transaction, the chief executive officer directly owned 311,517 shares in the company, valued at $287,972,545.14. This trade represents a 2.91% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 151,069 shares of company stock valued at $126,191,753 in the last quarter. 0.79% of the stock is owned by insiders.

About Seagate Technology

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.