Proficio Capital Partners LLC Takes $713,000 Position in Seagate Technology Holdings PLC $STX

Proficio Capital Partners LLC bought a new position in shares of Seagate Technology Holdings PLC (NASDAQ:STX) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 739 shares of the data storage provider’s stock, valued at approximately $713,000.

A number of other large investors also recently modified their holdings of STX. State Street Corp raised its holdings in Seagate Technology by 1.0% during the fourth quarter. State Street Corp now owns 9,370,805 shares of the data storage provider’s stock worth $2,587,535,000 after buying an additional 94,527 shares during the last quarter. Morgan Stanley lifted its stake in shares of Seagate Technology by 5.1% in the fourth quarter. Morgan Stanley now owns 5,317,516 shares of the data storage provider’s stock valued at $1,464,391,000 after buying an additional 258,151 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Seagate Technology by 5.0% during the fourth quarter. Geode Capital Management LLC now owns 4,896,815 shares of the data storage provider’s stock valued at $1,343,683,000 after buying an additional 234,436 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in shares of Seagate Technology by 8.3% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,193,063 shares of the data storage provider’s stock valued at $879,338,000 after buying an additional 243,551 shares during the last quarter. Finally, Wellington Management Group LLP increased its position in shares of Seagate Technology by 2,655.9% during the second quarter. Wellington Management Group LLP now owns 2,414,136 shares of the data storage provider’s stock worth $2,329,641,000 after acquiring an additional 2,326,538 shares in the last quarter. 92.87% of the stock is currently owned by institutional investors.

Insider Activity at Seagate Technology

In related news, EVP Ban Seng Teh sold 9,862 shares of the firm’s stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $852.97, for a total transaction of $8,411,990.14. Following the completion of the sale, the executive vice president owned 5,210 shares in the company, valued at approximately $4,443,973.70. This trade represents a 65.43% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP James Ci Lee sold 9,013 shares of the company’s stock in a transaction that occurred on Monday, August 24th. The shares were 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 owned 347 shares in the company, valued at approximately $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. Insiders have sold a total of 162,015 shares of company stock worth $137,693,196 in the last ninety days. Corporate insiders own 0.79% of the company’s stock.

Seagate Technology News Summary

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?

Analysts Set New Price Targets

STX has been the topic of a number of analyst reports. Citigroup upped their target price on shares of Seagate Technology from $1,240.00 to $1,300.00 and gave the stock a “buy” rating in a report on Wednesday, July 29th. Barclays boosted their price objective on Seagate Technology from $1,000.00 to $1,250.00 and gave the stock an “overweight” rating in a report on Thursday, July 30th. Susquehanna increased their price objective on Seagate Technology from $775.00 to $875.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 29th. Sanford C. Bernstein restated an “outperform” rating and issued a $1,350.00 target price on shares of Seagate Technology in a report on Wednesday, July 29th. Finally, JPMorgan Chase & Co. lifted their target price 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. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $986.00.

Seagate Technology Trading Down 1.4%

Shares of STX stock opened at $816.64 on Wednesday. Seagate Technology Holdings PLC has a 52-week low of $163.86 and a 52-week high of $1,145.00. The company has a debt-to-equity ratio of 1.56, a quick ratio of 1.17 and a current ratio of 1.67. The company has a 50-day simple moving average of $861.13 and a two-hundred day simple moving average of $703.48. The company has a market capitalization of $185.09 billion, a price-to-earnings ratio of 58.84 and a beta of 2.06.

Seagate Technology (NASDAQ:STX) last issued its quarterly earnings results on Tuesday, July 28th. The data storage provider reported $5.71 EPS for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $3.50 billion. During the same period last year, the business posted $2.59 earnings per share. Seagate Technology’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. Research analysts anticipate that Seagate Technology Holdings PLC will post 35.7 EPS for the current fiscal year.

Seagate Technology Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 7th. Investors of record on Thursday, September 24th will be issued a $0.74 dividend. This represents a $2.96 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend is Thursday, September 24th. Seagate Technology’s payout ratio is 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.