Wealthfront Advisers LLC Acquires 7,899 Shares of Seagate Technology Holdings PLC $STX

Wealthfront Advisers LLC grew its holdings in shares of Seagate Technology Holdings PLC (NASDAQ:STX) by 17.8% during the 1st quarter, Holdings Channel reports. The institutional investor owned 52,350 shares of the data storage provider’s stock after acquiring an additional 7,899 shares during the quarter. Wealthfront Advisers LLC’s holdings in Seagate Technology were worth $20,509,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in STX. Integrated Wealth Concepts LLC grew its position in Seagate Technology by 168.0% in the first quarter. Integrated Wealth Concepts LLC now owns 7,177 shares of the data storage provider’s stock worth $610,000 after acquiring an additional 4,499 shares in the last quarter. Sivia Capital Partners LLC purchased a new stake in Seagate Technology during the second quarter valued at approximately $262,000. Cerity Partners LLC lifted its stake in shares of Seagate Technology by 25.8% in the 2nd quarter. Cerity Partners LLC now owns 36,682 shares of the data storage provider’s stock valued at $5,294,000 after purchasing an additional 7,517 shares during the last quarter. Sei Investments Co. lifted its stake in shares of Seagate Technology by 64.8% in the 2nd quarter. Sei Investments Co. now owns 8,543 shares of the data storage provider’s stock valued at $1,233,000 after purchasing an additional 3,358 shares during the last quarter. Finally, The Manufacturers Life Insurance Company boosted its holdings in shares of Seagate Technology by 0.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 127,887 shares of the data storage provider’s stock worth $18,458,000 after purchasing an additional 462 shares during the period. Institutional investors own 92.87% of the company’s stock.

Seagate Technology Stock Performance

Shares of NASDAQ:STX opened at $745.49 on Friday. The firm’s 50 day simple moving average is $886.91 and its 200-day simple moving average is $588.06. 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 one year low of $138.30 and a one year high of $1,145.00. The firm has a market cap of $167.16 billion, a PE ratio of 70.73 and a beta of 2.04.

Seagate Technology (NASDAQ:STX) last announced its quarterly 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 return on equity of 1,005.65% and a net margin of 21.60%.The firm had revenue of $3.11 billion during the quarter, compared to analyst estimates of $2.96 billion. During the same quarter in the previous year, the business earned $1.90 earnings per share. Seagate Technology’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, equities analysts predict that Seagate Technology Holdings PLC will post 14.14 EPS for the current year.

Seagate Technology Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 7th. Stockholders of record on Wednesday, June 24th were given a dividend of $0.74 per share. The ex-dividend date of this dividend was Wednesday, June 24th. This represents a $2.96 dividend on an annualized basis and a dividend yield of 0.4%. Seagate Technology’s dividend payout ratio is presently 28.08%.

Seagate Technology News Summary

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

• Positive Sentiment: Analysts and market commentary highlighted Seagate as one of the AI storage beneficiaries, citing strong revenue outlooks, expanding margins, and earnings growth potential from rising AI-driven data storage demand. Article: Everyone’s Buying NVIDIA, but 2 Smaller AI Stocks Could Soar Higher
• Positive Sentiment: Several articles argued Seagate may be well positioned in the “AI memory war,” with mostly Buy ratings and expectations for further upside as storage demand stays strong. Article: Which Storage Stock Is Best Positioned to Win the AI Memory War? (STX)
• Positive Sentiment: Commentary from investors also praised Seagate’s cost advantage and hyperscaler storage economics, reinforcing the bull case that the company can benefit from large-scale AI infrastructure spending. Article: I Keep Buying Seagate Because It Has One Massive Cost Advantage Others Don’t
• Neutral Sentiment: Seagate said it will report fiscal fourth-quarter and full-year 2026 results on July 28, keeping investors focused on upcoming earnings for confirmation of the growth story. Article: Seagate Technology to Report Fiscal Fourth Quarter and Fiscal Year 2026 Financial Results on July 28, 2026
• Neutral Sentiment: Media coverage noted that Seagate has at times outperformed other stock market peers even when the broader market was weak, suggesting relative strength rather than a company-specific catalyst. Article: Seagate Technology Holdings PLC stock outperforms competitors despite losses on the day
• Negative Sentiment: The tech and semiconductor sectors were broadly lower, and investors continued to rotate away from the AI trade, which can drag Seagate lower even if company fundamentals remain solid. Article: Sector Update: Tech Stocks Fall Thursday Afternoon
• Negative Sentiment: Separate market commentary said the chip-stock slide is not over, with the SOX index under pressure, signaling ongoing weakness across AI-related equities that could weigh on STX. Article: The Chip-Stock Slide Isn’t Over. The AI Trade Is Still Under Pressure.
• Negative Sentiment: The SOX index fell sharply in a recent session, showing that semiconductor weakness is still spreading through the AI ecosystem and weighing on sentiment for related stocks. Article: The SOX Index Fell 16% in Less Than a Month

Insider Transactions at Seagate Technology

In related news, CFO Gianluca Romano sold 22,488 shares of Seagate Technology stock in a transaction dated Wednesday, May 6th. The stock was sold at an average price of $774.22, for a total value of $17,410,659.36. Following the completion of the sale, the chief financial officer directly owned 42,847 shares in the company, valued at $33,173,004.34. The trade was a 34.42% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through 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 the company’s stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $751.29, for a total transaction of $22,538,700.00. Following the completion of the sale, the chief executive officer directly owned 339,591 shares of the company’s stock, valued at approximately $255,131,322.39. This trade represents a 8.12% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 151,069 shares of company stock worth $126,191,753. Corporate insiders own 0.79% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on STX shares. Loop Capital boosted their target price on Seagate Technology from $950.00 to $1,140.00 and gave the company a “buy” rating in a research report on Friday, May 15th. BNP Paribas Exane lifted their price objective on shares of Seagate Technology from $530.00 to $860.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 29th. Bank of America boosted their price objective on shares of Seagate Technology from $1,000.00 to $1,150.00 and gave the company a “buy” rating in a research report on Wednesday, July 1st. Wall Street Zen raised shares of Seagate Technology from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. Finally, China Renaissance raised their target price on shares of Seagate Technology from $802.00 to $983.00 in a report on Friday, June 12th. Twenty-two research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $898.52.

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.