739 Shares in Seagate Technology Holdings PLC $STX Acquired by Proficio Capital Partners LLC

Proficio Capital Partners LLC purchased a new stake in Seagate Technology Holdings PLC (NASDAQ:STX) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 739 shares of the data storage provider’s stock, valued at approximately $713,000.

Several other large investors have also recently modified their holdings of the business. Nwam LLC grew its stake in shares of Seagate Technology by 18.0% in the second quarter. Nwam LLC now owns 5,167 shares of the data storage provider’s stock worth $4,987,000 after purchasing an additional 788 shares during the last quarter. Rehmann Capital Advisory Group bought a new position in Seagate Technology during the 2nd quarter worth $927,000. Headlands Technologies LLC bought a new position in Seagate Technology during the 2nd quarter worth $580,000. Ancora Advisors LLC lifted its holdings in Seagate Technology by 76.4% during the 2nd quarter. Ancora Advisors LLC now owns 575 shares of the data storage provider’s stock worth $555,000 after buying an additional 249 shares during the period. Finally, Wedbush Securities Inc. lifted its holdings in Seagate Technology by 24.4% during the 2nd quarter. Wedbush Securities Inc. now owns 5,280 shares of the data storage provider’s stock worth $5,095,000 after buying an additional 1,036 shares during the period. Institutional investors own 92.87% of the company’s stock.

Insider Activity at Seagate Technology

In other news, CFO Gianluca Romano sold 9,076 shares of Seagate Technology stock in a transaction on Friday, August 21st. The shares were sold at an average price of $849.35, for a total value of $7,708,700.60. Following the completion of the sale, the chief financial officer owned 22,997 shares in the company, valued at $19,532,501.95. The trade was a 28.30% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP James Ci Lee sold 9,013 shares of the business’s stock in a transaction on Monday, August 24th. The shares were sold at an average price of $794.84, for a total transaction of $7,163,892.92. Following the transaction, the executive vice president owned 347 shares in the company, valued at $275,809.48. The trade was a 96.29% 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. Over the last quarter, insiders have sold 162,015 shares of company stock worth $137,693,196. Corporate insiders own 0.79% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on STX shares. Morgan Stanley raised their price objective on Seagate Technology from $1,035.00 to $1,187.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 29th. Wedbush upped their target price on Seagate Technology from $825.00 to $1,000.00 and gave the company an “outperform” rating in a report on Wednesday, July 29th. Melius Research began coverage on shares of 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. Weiss Ratings restated a “buy (b)” rating on shares of Seagate Technology in a report on Wednesday, June 24th. Finally, Barclays raised their price target on shares of Seagate Technology from $1,000.00 to $1,250.00 and gave the stock an “overweight” rating in a report on Thursday, July 30th. One investment 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’s stock. Based on data from MarketBeat.com, Seagate Technology currently has a consensus rating of “Moderate Buy” and a consensus target price of $986.00.

Key Headlines Impacting Seagate Technology

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

• Positive Sentiment: Seagate is benefiting from rising AI infrastructure spending because data centers require significantly more storage capacity. Analysts cited in the coverage believe demand for hard-disk drives and other storage products could continue expanding as AI workloads generate increasing volumes of data. Forget Nvidia. This AI Stock Is Selling the Storage Behind the Boom
• Positive Sentiment: The company’s HAMR technology advances, stronger cash flow and improving storage demand are viewed as additional catalysts. Seagate’s latest quarterly results also showed strong momentum, with revenue up 48.5% year over year and earnings exceeding analyst expectations. Seagate’s YTD Gains are Double the Industry: Is the Stock Still a Buy?
• Positive Sentiment: A Wall Street Zen upgrade to “Strong Buy” and valuation analysis suggesting potential upside are adding to the positive investor narrative, despite the stock’s already substantial multiyear appreciation. Wall Street Zen Upgrades Seagate Technology to Strong-Buy
• Neutral Sentiment: Broader AI memory trends are supportive for Seagate because demand is spreading beyond high-bandwidth memory into NAND flash, conventional DRAM and data storage. However, the company’s participation in an AI conference mainly increases visibility rather than changing its financial outlook. AI’s Memory Stack: What Investors Need to Know
• Negative Sentiment: Risk factors include a high valuation, expectations that may already reflect much of the AI opportunity, and execution risks surrounding HAMR production and demand growth. Concentration in AI and semiconductor-related investments also leaves the stock vulnerable to sector-wide pullbacks. Seagate’s YTD Gains are Double the Industry: Is the Stock Still a Buy?

Seagate Technology Stock Performance

STX stock opened at $816.64 on Wednesday. The firm has a market cap of $185.09 billion, a PE ratio of 58.84 and a beta of 2.06. The company has a current ratio of 1.67, a quick ratio of 1.17 and a debt-to-equity ratio of 1.56. The stock has a 50-day moving average price of $861.13 and a 200-day moving average price of $703.48. Seagate Technology Holdings PLC has a 1-year low of $163.86 and a 1-year high of $1,145.00.

Seagate Technology (NASDAQ:STX) last announced its earnings results on Tuesday, July 28th. The data storage provider reported $5.71 EPS for the quarter, beating the consensus estimate of $5.10 by $0.61. Seagate Technology had a return on equity of 369.98% and a net margin of 26.11%.The company had revenue of $3.63 billion for the quarter, compared to analyst estimates of $3.50 billion. During the same quarter in the prior year, the company earned $2.59 EPS. The firm’s revenue for the quarter 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. As a group, equities research analysts expect that Seagate Technology Holdings PLC will post 35.7 earnings per share for the current year.

Seagate Technology Dividend Announcement

The firm also recently declared 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 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date is Thursday, September 24th. Seagate Technology’s dividend payout ratio is presently 21.33%.

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.