Redhawk Wealth Advisors Inc. Purchases New Shares in Seagate Technology Holdings PLC $STX

Redhawk Wealth Advisors Inc. acquired a new position in shares of Seagate Technology Holdings PLC (NASDAQ:STX) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 811 shares of the data storage provider’s stock, valued at approximately $783,000.

A number of other hedge funds have also bought and sold shares of STX. Integrated Wealth Concepts LLC boosted its stake in shares of Seagate Technology by 168.0% during the 1st quarter. Integrated Wealth Concepts LLC now owns 7,177 shares of the data storage provider’s stock worth $610,000 after purchasing an additional 4,499 shares during the period. Sivia Capital Partners LLC bought a new position in Seagate Technology during the 2nd quarter valued at about $262,000. Cerity Partners LLC raised its position in Seagate Technology by 25.8% in the 2nd quarter. Cerity Partners LLC now owns 36,682 shares of the data storage provider’s stock worth $5,294,000 after purchasing an additional 7,517 shares during the period. Sei Investments Co. raised its position in Seagate Technology by 64.8% in the 2nd quarter. Sei Investments Co. now owns 8,543 shares of the data storage provider’s stock worth $1,233,000 after purchasing an additional 3,358 shares during the period. Finally, The Manufacturers Life Insurance Company lifted its stake in Seagate Technology by 0.4% in the second 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 last quarter. Institutional investors own 92.87% of the company’s stock.

Insider Transactions at Seagate Technology

In other Seagate Technology news, EVP John Christopher Morris sold 168 shares of the company’s stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $817.76, for a total value of $137,383.68. Following the completion of the sale, the executive vice president directly owned 11,920 shares in the company, valued at approximately $9,747,699.20. This represents a 1.39% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO William D. Mosley sold 17,080 shares of the stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $827.30, for a total value of $14,130,284.00. Following the transaction, the chief executive officer directly owned 295,517 shares in the company, valued at $244,481,214.10. The trade was a 5.46% decrease in their position. 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 quarter, insiders sold 164,292 shares of company stock valued at $138,378,957. Company insiders own 0.79% of the company’s stock.

Seagate Technology Price Performance

Seagate Technology stock opened at $820.52 on Wednesday. The company has a debt-to-equity ratio of 1.56, a current ratio of 1.67 and a quick ratio of 1.17. The stock has a market cap of $185.97 billion, a price-to-earnings ratio of 59.12 and a beta of 2.06. The firm has a 50-day moving average of $890.19 and a two-hundred day moving average of $654.82. Seagate Technology Holdings PLC has a 1 year low of $152.05 and a 1 year high of $1,145.00.

Seagate Technology (NASDAQ:STX) last issued its earnings results on Tuesday, July 28th. The data storage provider reported $5.71 EPS for the quarter, topping analysts’ consensus estimates of $5.10 by $0.61. Seagate Technology had a net margin of 26.11% and a return on equity of 369.98%. The business had revenue of $3.63 billion for the quarter, compared to analyst estimates of $3.50 billion. During the same period last year, the company posted $2.59 earnings per share. The company’s quarterly revenue was up 48.5% compared to the same quarter last year. Seagate Technology has set its Q1 2027 guidance at 7.100-7.500 EPS. On average, research analysts forecast that Seagate Technology Holdings PLC will post 34.42 earnings per share for the current year.

Seagate Technology Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 7th. Shareholders of record on Thursday, September 24th will be issued a dividend of $0.74 per share. This represents a $2.96 annualized dividend and a yield of 0.4%. The ex-dividend date is Thursday, September 24th. Seagate Technology’s dividend payout ratio (DPR) is presently 21.33%.

Analyst Ratings Changes

STX has been the subject of several recent analyst reports. Melius Research started coverage on Seagate Technology in a research report on Monday, June 29th. They set a “buy” rating and a $1,600.00 target price for the company. China Renaissance increased their price target on Seagate Technology from $802.00 to $983.00 in a report on Friday, June 12th. Weiss Ratings reissued a “buy (b)” rating on shares of Seagate Technology in a research note on Wednesday, June 24th. Sanford C. Bernstein restated an “outperform” rating and set a $1,350.00 price objective on shares of Seagate Technology in a report on Wednesday, July 29th. Finally, Argus upped their price objective on Seagate Technology from $750.00 to $900.00 and gave the company a “buy” rating in a research report on Thursday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $986.00.

Key Headlines Impacting Seagate Technology

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

• Positive Sentiment: AI-related data-center expansion is driving demand for Seagate’s nearline mass-capacity hard drives. Reports highlight that capacity is largely allocated through 2027, while multi-year contracts and a supply-disciplined market could support pricing and margins. Seagate Technology: AI Runs On Disks Nobody Else Wants To Make
• Positive Sentiment: Seagate’s HAMR-based Mozaic platform and improving storage density are viewed as long-term competitive advantages. Analysts also point to strong data-center growth, long-term capacity agreements and the company’s build-to-order model as supporting future expansion. Seagate Technology Gains From AI Boom: Is Long-Term Growth Secured?
• Positive Sentiment: The company’s latest quarterly results exceeded expectations, with earnings and revenue above consensus and revenue up 48.5% year over year. Management’s quarterly EPS outlook of $7.10 to $7.50 reinforces expectations for continued earnings momentum.
• Neutral Sentiment: Reported short interest was listed at zero shares, with a zero-day days-to-cover ratio. Because the data also showed an undefined percentage change, it provides little meaningful information about short-seller positioning.
• Negative Sentiment: CFO Gianluca Romano sold a combined 22,211 shares in three transactions worth approximately $17.8 million. The sales were executed under a pre-arranged Rule 10b5-1 plan, reducing their significance as a discretionary bearish signal, but they still represent a notable reduction in his direct ownership. SEC Insider Trading Filing
• Negative Sentiment: Commentary remains cautious about valuation after the substantial rally. While rising storage prices, stronger margins and AI demand support growth, the elevated earnings multiple leaves less room for execution or demand-related disappointments. Does STX Stock Still Have More Room to Run After Solid Q4 Earnings?

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.