Pinkerton Wealth LLC Lowers Holdings in Seagate Technology Holdings PLC $STX

Pinkerton Wealth LLC decreased its holdings in Seagate Technology Holdings PLC (NASDAQ:STX) by 32.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 9,839 shares of the data storage provider’s stock after selling 4,749 shares during the quarter. Pinkerton Wealth LLC’s holdings in Seagate Technology were worth $2,710,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Salomon & Ludwin LLC lifted its stake in Seagate Technology by 124.4% in the fourth quarter. Salomon & Ludwin LLC now owns 92 shares of the data storage provider’s stock worth $27,000 after acquiring an additional 51 shares during the last quarter. Rakuten Securities Inc. lifted its stake in Seagate Technology by 884.2% in the second quarter. Rakuten Securities Inc. now owns 187 shares of the data storage provider’s stock worth $27,000 after acquiring an additional 168 shares during the last quarter. Armstrong Advisory Group Inc. purchased a new position in Seagate Technology in the fourth quarter worth approximately $28,000. Avion Wealth lifted its stake in Seagate Technology by 343.5% in the fourth quarter. Avion Wealth now owns 102 shares of the data storage provider’s stock worth $28,000 after acquiring an additional 79 shares during the last quarter. Finally, Concord Wealth Partners purchased a new position in Seagate Technology in the fourth quarter worth approximately $28,000. Hedge funds and other institutional investors own 92.87% of the company’s stock.

Seagate Technology News Roundup

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

• Negative Sentiment: Seagate shares came under pressure after the CEO warned about capacity constraints, sparking worries that demand could outstrip supply and temper near-term momentum. Seagate Leads Memory Stocks Lower Following Capacity Warning
• Negative Sentiment: Broader memory stocks, including Seagate, sold off as investors reacted to the executive warnings and took profits after a strong AI-driven rally. Memory Stocks Tumble After Seagate CEO Raises Eyebrows
• Neutral Sentiment: Some analysts remain constructive, arguing Seagate still has solid growth attributes and could benefit from AI-related storage demand over time. Here is Why Growth Investors Should Buy Seagate (STX) Now
• Neutral Sentiment: Stanley Druckenmiller’s Duquesne Family Office reportedly added Seagate among its AI memory “picks-and-shovels” holdings, which may support the longer-term bullish case for the stock. Billionaire Stanley Druckenmiller Dumped Every Share of Alphabet. He Bought AI Memory Stocks Up 581% to 3,467% Instead
• Neutral Sentiment: Recent commentary framing the pullback as a potential buying opportunity suggests some investors view the selloff as overdone rather than a change in the long-term story. Seagate: The Golden Buying Opportunity Born From Panic

Insiders Place Their Bets

In related news, CEO William D. Mosley sold 24,584 shares of the company’s stock in a transaction on Thursday, March 19th. The shares were sold at an average price of $406.77, for a total value of $10,000,033.68. Following the completion of the sale, the chief executive officer owned 375,591 shares in the company, valued at $152,779,151.07. This represents a 6.14% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Ban Seng Teh sold 8,003 shares of the company’s stock in a transaction on Thursday, May 14th. The shares were sold at an average price of $817.28, for a total transaction of $6,540,691.84. Following the completion of the sale, the executive vice president owned 3,691 shares of the company’s stock, valued at approximately $3,016,580.48. This trade represents a 68.44% 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 ninety days, insiders sold 118,283 shares of company stock worth $65,989,618. Corporate insiders own 0.79% of the company’s stock.

Analyst Upgrades and Downgrades

STX has been the subject of a number of recent research reports. UBS Group lifted their price target on shares of Seagate Technology from $515.00 to $545.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 29th. KeyCorp set a $500.00 price target on shares of Seagate Technology in a research note on Wednesday, January 28th. Barclays lifted their price target on shares of Seagate Technology from $625.00 to $750.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 29th. Susquehanna lifted their price target on shares of Seagate Technology from $485.00 to $615.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 29th. Finally, BNP Paribas Exane lifted their price target 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. One equities research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $733.71.

Seagate Technology Stock Up 2.4%

STX stock opened at $751.07 on Thursday. The company has a current ratio of 1.33, a quick ratio of 0.85 and a debt-to-equity ratio of 3.16. Seagate Technology Holdings PLC has a twelve month low of $103.73 and a twelve month high of $841.31. The company’s 50 day moving average is $548.86 and its two-hundred day moving average is $404.73. The stock has a market cap of $168.41 billion, a P/E ratio of 71.26 and a beta of 1.98.

Seagate Technology (NASDAQ:STX) last released its quarterly earnings data on Tuesday, April 28th. The data storage provider reported $4.10 earnings per share for the quarter, topping analysts’ consensus estimates of $3.51 by $0.59. Seagate Technology had a net margin of 21.60% and a return on equity of 1,005.65%. The company had revenue of $3.11 billion for the quarter, compared to analysts’ expectations of $2.96 billion. During the same quarter last year, the company earned $1.90 earnings per share. The firm’s revenue for the quarter was up 44.1% on a year-over-year basis. Seagate Technology has set its Q4 2026 guidance at 4.800-5.200 EPS. Research analysts expect that Seagate Technology Holdings PLC will post 14.1 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 Tuesday, July 7th. Shareholders of record on Wednesday, June 24th will be issued a dividend of $0.74 per share. 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 0.4%. Seagate Technology’s dividend payout ratio (DPR) is presently 28.08%.

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.