Heffernan Advisory Inc. Buys 750 Shares of Seagate Technology Holdings PLC $STX

Heffernan Advisory Inc. raised its position in Seagate Technology Holdings PLC (NASDAQ:STX) by 83.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,650 shares of the data storage provider’s stock after purchasing an additional 750 shares during the quarter. Seagate Technology makes up approximately 1.0% of Heffernan Advisory Inc.’s holdings, making the stock its 10th biggest position. Heffernan Advisory Inc.’s holdings in Seagate Technology were worth $1,522,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the stock. Retirement Wealth Solutions LLC lifted its position in shares of Seagate Technology by 70.6% in the 2nd quarter. Retirement Wealth Solutions LLC now owns 29 shares of the data storage provider’s stock worth $28,000 after acquiring an additional 12 shares during the period. Jones Financial Companies Lllp bought a new stake in shares of Seagate Technology during the second quarter valued at approximately $39,000. Trust Co. of Vermont bought a new stake in shares of Seagate Technology during the second quarter worth $54,000. Triumph Capital Management lifted its holdings in Seagate Technology by 93.5% in the second quarter. Triumph Capital Management now owns 60 shares of the data storage provider’s stock valued at $58,000 after buying an additional 29 shares during the period. Finally, Cornerstone Financial Management LLC lifted its stake in Seagate Technology by 109.7% in the second quarter. Cornerstone Financial Management LLC now owns 65 shares of the data storage provider’s stock valued at $63,000 after buying an additional 34 shares during the period. Institutional investors own 92.87% of the company’s stock.

Seagate Technology News Summary

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

• Positive Sentiment: Analysts have not reduced their earnings estimates following Seagate’s recent selloff, while the average price target implies substantial upside from current levels. This suggests Wall Street largely continues to expect strong demand for Seagate’s hard drives, which support cloud infrastructure and AI data storage. Rapid Growth, High Volatility, and Near 50% Upside Confound Seagate Technology Investors
• Positive Sentiment: Longer-term coverage remains bullish on Seagate’s role in the AI infrastructure buildout. The company’s hard-drive business may benefit from rising data volumes without requiring exposure to the memory-chip manufacturing race. If You Invest $1,000 in Seagate Today, Here’s What It Could Be Worth by 2030
• Neutral Sentiment: Seagate recently underperformed other major technology stocks, highlighting investor caution after a powerful prior rally. The disparity between market performance and unchanged earnings expectations could increase volatility until the company provides fresh operating updates. Seagate Technology Holdings PLC stock underperforms Monday when compared to competitors
• Negative Sentiment: A selloff in Asian memory stocks, led by SK Hynix, spread to U.S. storage companies. News that Chinese memory producer CXMT is making progress on competing technology raised concerns about future industry competition and pressured Seagate despite the company not producing DRAM. SanDisk Drops 6% in Memory Selloff Despite Making No DRAM; Seagate Slides 4%
• Negative Sentiment: Investors are also reassessing high-growth technology shares amid rising global bond yields and tighter financial conditions. That backdrop makes Seagate’s elevated valuation and historically high volatility more vulnerable to profit-taking, even with strong expected earnings growth.

Insider Buying and Selling at Seagate Technology

In other news, CEO William D. Mosley sold 97,889 shares of the firm’s stock in a transaction that occurred on Tuesday, September 15th. The stock was sold at an average price of $772.14, for a total value of $75,584,012.46. Following the completion of the sale, the chief executive officer directly owned 378,108 shares of the company’s stock, valued at $291,952,311.12. This trade represents a 20.57% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, EVP John Morris sold 15,466 shares of the company’s stock in a transaction dated Tuesday, September 15th. The shares were sold at an average price of $772.15, for a total transaction of $11,942,071.90. Following the transaction, the executive vice president owned 31,132 shares in the company, valued at $24,038,573.80. The trade was a 33.19% 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. Over the last quarter, insiders sold 466,959 shares of company stock valued at $378,840,741. Corporate insiders own 0.51% of the company’s stock.

Seagate Technology Trading Down 2.3%

NASDAQ:STX traded down $17.41 during trading hours on Tuesday, hitting $735.84. The company had a trading volume of 4,737,513 shares, compared to its average volume of 4,375,412. Seagate Technology Holdings PLC has a 52 week low of $209.00 and a 52 week high of $1,145.00. The company has a market capitalization of $167.32 billion, a PE ratio of 53.01 and a beta of 2.06. The stock has a 50-day moving average price of $853.54 and a 200 day moving average price of $795.71. The company has a debt-to-equity ratio of 1.56, a current ratio of 1.67 and a quick ratio of 1.17.

Seagate Technology (NASDAQ:STX) last issued its earnings results on Tuesday, July 28th. The data storage provider reported $5.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.10 by $0.61. The business had revenue of $3.63 billion during the quarter, compared to analysts’ expectations of $3.50 billion. Seagate Technology had a net margin of 26.11% and a return on equity of 369.98%. The business’s revenue for the quarter was up 48.5% compared to the same quarter last year. During the same period in the previous year, the company earned $2.59 earnings per share. Seagate Technology has set its Q1 2027 guidance at 7.100-7.500 EPS. On average, equities research analysts predict that Seagate Technology Holdings PLC will post 35.70 EPS for the current fiscal year.

Seagate Technology Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 7th. Shareholders of record on Thursday, September 24th were paid a $0.74 dividend. The ex-dividend date of this dividend was Thursday, September 24th. This represents a $2.96 dividend on an annualized basis and a yield of 0.4%. Seagate Technology’s payout ratio is presently 21.33%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Zacks Research cut Seagate Technology from a “strong-buy” rating to a “hold” rating in a report on Monday, September 28th. Rosenblatt Securities raised their target price on shares of Seagate Technology from $1,300.00 to $1,400.00 and gave the company a “buy” rating in a research report on Wednesday, July 29th. Wells Fargo & Company lifted their price objective on Seagate Technology from $1,100.00 to $1,180.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 29th. Cantor Fitzgerald restated an “overweight” rating and issued a $1,300.00 target price on shares of Seagate Technology in a research note on Wednesday, July 29th. Finally, Weiss Ratings downgraded shares of Seagate Technology from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, October 2nd. Twenty-two analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $986.00.

Seagate Technology Profile

Seagate Technology Holdings plc is a data storage technology company that designs, manufactures and supplies solutions for storing, managing and accessing digital information. Its product portfolio is centered on hard disk drives (HDDs), including high-capacity drives used in cloud data centers, enterprise environments, surveillance systems, network-attached storage and personal computing.

The company also offers solid-state drives (SSDs), storage systems, external storage products and related services.