Falcon Wealth Planning Takes $227,000 Position in Seagate Technology Holdings PLC $STX

Falcon Wealth Planning bought a new position in shares of Seagate Technology Holdings PLC (NASDAQ:STX) during the 1st quarter, HoldingsChannel reports. The institutional investor bought 580 shares of the data storage provider’s stock, valued at approximately $227,000.

Several other institutional investors and hedge funds have also bought and sold shares of STX. Arrowstreet Capital Limited Partnership lifted its holdings in Seagate Technology by 1,072.5% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 2,949,512 shares of the data storage provider’s stock valued at $696,262,000 after purchasing an additional 2,697,957 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its stake 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 buying an additional 1,883,769 shares in the last quarter. Norges Bank acquired a new stake in shares of Seagate Technology during the fourth quarter valued at about $498,363,000. Soroban Capital Partners LP raised its stake in shares of Seagate Technology by 1,468.1% during 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 during the last quarter. Finally, Deutsche Bank AG lifted its stake in shares of Seagate Technology by 102.0% in the fourth quarter. Deutsche Bank AG now owns 1,599,962 shares of the data storage provider’s stock worth $440,614,000 after acquiring an additional 807,962 shares during the period. Institutional investors own 92.87% of the company’s stock.

Seagate Technology Stock Performance

NASDAQ:STX opened at $899.90 on Friday. The stock has a 50-day simple moving average of $818.72 and a two-hundred day simple moving average of $529.16. The company has a debt-to-equity ratio of 3.16, a quick ratio of 0.85 and a current ratio of 1.33. Seagate Technology Holdings PLC has a 52-week low of $138.30 and a 52-week high of $1,145.00. The firm has a market capitalization of $201.78 billion, a PE ratio of 85.38 and a beta of 2.04.

Seagate Technology (NASDAQ:STX) last issued its quarterly earnings results on Tuesday, April 28th. The data storage provider reported $4.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 quarter in the prior year, the business posted $1.90 EPS. Seagate Technology’s revenue for the quarter 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. Analysts forecast that Seagate Technology Holdings PLC will post 14.14 EPS for the current year.

Seagate Technology Dividend Announcement

The firm also recently disclosed 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. The ex-dividend date of this dividend is Wednesday, June 24th. This represents a $2.96 dividend on an annualized basis and a yield of 0.3%. Seagate Technology’s payout ratio is 28.08%.

Insider Activity at Seagate Technology

In related news, CEO William D. Mosley sold 1,768 shares of the stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $880.19, for a total value of $1,556,175.92. Following the completion of the transaction, the chief executive officer directly owned 327,517 shares of the company’s stock, valued at $288,277,188.23. This trade represents a 0.54% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Gianluca Romano sold 903 shares of Seagate Technology stock in a transaction on Friday, June 12th. The stock was sold at an average price of $880.19, for a total transaction of $794,811.57. Following the sale, the chief financial officer owned 42,860 shares of the company’s stock, valued at $37,724,943.40. The trade was a 2.06% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 141,069 shares of company stock valued at $107,161,712 over the last 90 days. Insiders own 0.79% of the company’s stock.

Key Seagate Technology News

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

• Positive Sentiment: Micron’s strong quarterly results and upbeat AI demand commentary lifted sentiment across memory and storage names, including Seagate, by reinforcing expectations for a memory/storage upcycle. Micron Leads Tech Stocks Rally on Blowout Earnings
• Positive Sentiment: Analyst and media coverage continues to frame Seagate as a key AI infrastructure winner, citing stronger data-center demand, pricing power, and solid recent revenue and margin performance. Is Seagate (STX) Turning AI-Fueled Pricing Power Into a More Durable Earnings Model?
• Positive Sentiment: Another bullish read-through from Micron’s results put Seagate, Western Digital, and Sandisk in focus as investors looked for beneficiaries of rising AI memory demand. Micron’s Robust Q3 Results Raise Investor Attention on These 3 Stocks
• Neutral Sentiment: Broader market commentary noted that tech stocks were volatile and some AI winners gave back gains, which may have tempered enthusiasm for Seagate despite the positive sector backdrop. Micron, Sandisk, Apple, ON Semiconductor, and More Stocks That Explain Today’s Market
• Negative Sentiment: One report specifically said Seagate was hit hard by a leverage-driven selloff in the chip space and renewed doubts about debt-funded AI capex, showing that valuation and leverage concerns remain a risk. Why Seagate (STX) Shares Are Getting Obliterated Today

Analyst Ratings Changes

STX has been the subject of a number of research reports. Weiss Ratings restated a “buy (b)” rating on shares of Seagate Technology in a report on Wednesday. BNP Paribas Exane increased their price target on Seagate Technology from $530.00 to $860.00 and gave the company an “outperform” rating in a research report on Wednesday, April 29th. Wells Fargo & Company raised their price objective on shares of Seagate Technology from $700.00 to $900.00 and gave the stock an “equal weight” rating in a report on Monday, June 1st. Morgan Stanley increased their price target on Seagate Technology from $767.00 to $1,035.00 and gave the stock an “overweight” rating in a research note on Monday, June 15th. Finally, Zacks Research raised shares of Seagate Technology from a “hold” rating to a “strong-buy” rating in a report on Friday, May 1st. One investment analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $831.79.

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.