Kathmere Capital Management LLC Increases Stock Position in Seagate Technology Holdings PLC $STX

Kathmere Capital Management LLC grew its stake in Seagate Technology Holdings PLC (NASDAQ:STX) by 47.6% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 3,451 shares of the data storage provider’s stock after acquiring an additional 1,113 shares during the period. Kathmere Capital Management LLC’s holdings in Seagate Technology were worth $1,352,000 as of its most recent filing with the SEC.

Other large investors have also recently made changes to their positions in the company. Salomon & Ludwin LLC raised its position in Seagate Technology by 124.4% in the fourth quarter. Salomon & Ludwin LLC now owns 92 shares of the data storage provider’s stock valued at $27,000 after purchasing an additional 51 shares during the period. Rakuten Securities Inc. grew its stake in shares of Seagate Technology by 884.2% in the second quarter. Rakuten Securities Inc. now owns 187 shares of the data storage provider’s stock valued at $27,000 after buying an additional 168 shares in the last quarter. Armstrong Advisory Group Inc. purchased a new stake in shares of Seagate Technology in the 4th quarter valued at $28,000. Avion Wealth lifted its stake in Seagate Technology by 343.5% during the 4th quarter. Avion Wealth now owns 102 shares of the data storage provider’s stock worth $28,000 after acquiring an additional 79 shares in the last quarter. Finally, Concord Wealth Partners acquired a new position in Seagate Technology during the 4th quarter worth about $28,000. 92.87% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

STX has been the subject of several research reports. Wells Fargo & Company lifted their target price on Seagate Technology from $700.00 to $900.00 and gave the company an “equal weight” rating in a research report on Monday, June 1st. Susquehanna increased their price target on shares of Seagate Technology from $485.00 to $615.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 29th. Wall Street Zen raised shares of Seagate Technology from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. Melius Research started coverage on shares of Seagate Technology in a report on Monday, June 29th. They issued a “buy” rating and a $1,600.00 price objective for the company. Finally, BNP Paribas Exane upped their target price 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. Twenty-one analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, Seagate Technology presently has a consensus rating of “Moderate Buy” and an average price target of $880.52.

Insiders Place Their Bets

In related news, EVP John Christopher Morris sold 5,626 shares of the stock in a transaction on Monday, May 4th. The stock was sold at an average price of $738.37, for a total value of $4,154,069.62. Following the transaction, the executive vice president owned 11,954 shares of the company’s stock, valued at $8,826,474.98. This represents a 32.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Ban Seng Teh sold 8,003 shares of Seagate Technology stock in a transaction dated Thursday, May 14th. The stock was sold at an average price of $817.28, for a total value of $6,540,691.84. Following the sale, the executive vice president directly owned 3,691 shares of the company’s stock, valued at $3,016,580.48. This trade represents a 68.44% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 151,069 shares of company stock worth $126,191,753. 0.79% of the stock is owned by corporate insiders.

Seagate Technology Stock Down 7.4%

Shares of STX stock traded down $64.66 during trading hours on Tuesday, reaching $803.60. 1,140,094 shares of the stock were exchanged, compared to its average volume of 4,215,271. The business’s fifty day moving average is $858.93 and its two-hundred day moving average is $556.28. The firm has a market capitalization of $180.19 billion, a P/E ratio of 76.27 and a beta of 2.04. Seagate Technology Holdings PLC has a 12-month low of $138.30 and a 12-month high of $1,145.00. The company has a debt-to-equity ratio of 3.16, a current ratio of 1.33 and a quick ratio of 0.85.

Seagate Technology (NASDAQ:STX) last issued its quarterly earnings results on Tuesday, April 28th. The data storage provider reported $4.10 earnings per share (EPS) 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 during the quarter, compared to the consensus estimate of $2.96 billion. During the same quarter in the previous year, the firm earned $1.90 earnings per share. The firm’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, research analysts expect that Seagate Technology Holdings PLC will post 14.14 EPS for the current fiscal year.

Seagate Technology Dividend Announcement

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

Key Seagate Technology News

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

• Positive Sentiment: Bank of America raised its price target on Seagate Technology (STX) to $1,150 and kept a Buy rating, reinforcing bullish sentiment around the stock. Is Seagate (STX) the Best Pick and Shovel AI Stock to Invest In?
• Positive Sentiment: Melius Research initiated coverage of Seagate Technology with a Buy rating and a $1,600 price target, adding another bullish catalyst for the shares. Melius Research Initiates Coverage of Seagate Technology (STX)
• Positive Sentiment: Analysts and market commentators say memory and storage stocks are rebounding on improving pricing trends and sustained AI demand, which is lifting Seagate along with peers. Memory stocks rebound as analysts flag a buying opportunity
• Positive Sentiment: Seagate was highlighted as a top growth pick for July and as a beneficiary of demand for integrated technology solutions, supporting the stock’s upside narrative. 4 Stocks to Buy From a Prospering Technology Solutions Industry
• Neutral Sentiment: Seagate continues to receive broadly favorable broker sentiment, with consensus ratings pointing to a “Moderate Buy.” Seagate Technology Holdings PLC Receives Consensus Recommendation of “Moderate Buy”
• Neutral Sentiment: The company’s strong quarterly results and raised guidance remain a supportive backdrop, but they are already well known to investors and are mostly serving to reinforce the bullish setup. Seagate Technology earnings report

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.