Seagate Technology Holdings PLC $STX Shares Acquired by Concurrent Investment Advisors LLC

Concurrent Investment Advisors LLC grew its holdings in Seagate Technology Holdings PLC (NASDAQ:STX) by 47.7% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 13,030 shares of the data storage provider’s stock after acquiring an additional 4,209 shares during the quarter. Concurrent Investment Advisors LLC’s holdings in Seagate Technology were worth $12,573,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. NewEdge Advisors LLC grew its holdings in shares of Seagate Technology by 85.9% during the first quarter. NewEdge Advisors LLC now owns 22,046 shares of the data storage provider’s stock worth $8,637,000 after purchasing an additional 10,190 shares during the last quarter. GLOBALT Investments LLC GA boosted its position in shares of Seagate Technology by 820.8% in the 4th quarter. GLOBALT Investments LLC GA now owns 9,760 shares of the data storage provider’s stock valued at $2,688,000 after purchasing an additional 8,700 shares during the period. ASR Vermogensbeheer N.V. grew its stake in Seagate Technology by 21.0% during the 4th quarter. ASR Vermogensbeheer N.V. now owns 23,471 shares of the data storage provider’s stock worth $6,463,000 after buying an additional 4,070 shares during the last quarter. Tredje AP fonden increased its position in Seagate Technology by 446.6% during the fourth quarter. Tredje AP fonden now owns 111,339 shares of the data storage provider’s stock worth $30,662,000 after buying an additional 90,968 shares during the period. Finally, USA Financial Formulas purchased a new stake in Seagate Technology in the first quarter valued at approximately $1,328,000. Hedge funds and other institutional investors own 92.87% of the company’s stock.

Key Stories Impacting Seagate Technology

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

• Positive Sentiment: A rally that began in NAND memory broadened across the storage complex, with Seagate benefiting alongside SK Hynix and other memory-linked companies. The strength suggests investors are increasing exposure to companies positioned to supply AI data centers and expanding storage capacity. SK Hynix Surges 7% as Memory Bid Widens Beyond NAND; Seagate Rallies 5%
• Positive Sentiment: The broader AI trade remained a leading market theme, supporting semiconductor and storage shares. Seagate’s recent results reinforce the bullish case: quarterly revenue rose 48.5% year over year to $3.63 billion, while EPS of $5.71 exceeded estimates and management guided to $7.10–$7.50 in fiscal first-quarter 2027 EPS. Memory, Other AI-Related Stocks Lead the Market’s Top Performers Friday
• Neutral Sentiment: Director Yolanda Lee Conyers sold 750 shares for approximately $611,000, but the transaction was executed under a pre-arranged Rule 10b5-1 plan. The sale is therefore a limited signal of changing insider sentiment.
• Negative Sentiment: CEO William Mosley separately sold 30,000 shares valued at approximately $24.5 million under a 10b5-1 plan. Although he retained a substantial stake, the sizable insider sale may weigh modestly on sentiment, particularly after STX’s strong run and elevated valuation.

Insider Buying and Selling at Seagate Technology

In related news, EVP James Lee sold 9,013 shares of the firm’s stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $794.84, for a total value of $7,163,892.92. Following the completion of the transaction, the executive vice president directly owned 347 shares of the company’s stock, valued at $275,809.48. This trade represents a 96.29% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Yolanda Conyers sold 750 shares of the business’s stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of $815.11, for a total value of $611,332.50. Following the sale, the director owned 3,351 shares in the company, valued at approximately $2,731,433.61. The trade was a 18.29% 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. Over the last three months, insiders have sold 191,765 shares of company stock worth $161,865,249. Corporate insiders own 0.79% of the company’s stock.

Seagate Technology Trading Up 6.3%

NASDAQ:STX opened at $849.28 on Friday. The stock has a fifty day moving average price of $851.92 and a two-hundred day moving average price of $709.75. The stock has a market capitalization of $192.49 billion, a price-to-earnings ratio of 61.19 and a beta of 2.06. The company has a debt-to-equity ratio of 1.56, a quick ratio of 1.17 and a current ratio of 1.67. Seagate Technology Holdings PLC has a 1 year low of $183.02 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 the consensus estimate of $5.10 by $0.61. Seagate Technology had a net margin of 26.11% and a return on equity of 369.98%. The company had revenue of $3.63 billion for the quarter, compared to analyst estimates of $3.50 billion. During the same period in the previous year, the firm earned $2.59 EPS. The business’s revenue was up 48.5% on a year-over-year basis. Seagate Technology has set its Q1 2027 guidance at 7.100-7.500 EPS. As a group, sell-side analysts anticipate that Seagate Technology Holdings PLC will post 35.7 earnings per share for the current fiscal year.

Seagate Technology Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 7th. Investors of record on Thursday, September 24th will be issued a dividend of $0.74 per share. The ex-dividend date of this dividend is Thursday, September 24th. This represents a $2.96 dividend on an annualized basis and a yield of 0.3%. Seagate Technology’s payout ratio is currently 21.33%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on STX shares. Susquehanna raised their target price on shares of Seagate Technology from $775.00 to $875.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 29th. TD Cowen lifted their price objective on shares of Seagate Technology from $850.00 to $1,000.00 and gave the company a “buy” rating in a research note on Wednesday, July 29th. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $1,350.00 target price on shares of Seagate Technology in a report on Wednesday, July 29th. JPMorgan Chase & Co. boosted their price target on Seagate Technology from $1,095.00 to $1,240.00 and gave the company an “overweight” rating in a research report on Wednesday, July 29th. Finally, Wedbush lifted their target price on Seagate Technology from $825.00 to $1,000.00 and gave the company an “outperform” rating in a research note on Wednesday, July 29th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $986.00.

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.