1,170 Shares in Seagate Technology Holdings PLC $STX Purchased by Commerzbank Aktiengesellschaft FI

Commerzbank Aktiengesellschaft FI purchased a new stake in shares of Seagate Technology Holdings PLC (NASDAQ:STX) in the second quarter, Holdings Channel.com reports. The institutional investor purchased 1,170 shares of the data storage provider’s stock, valued at approximately $1,129,000.

Other large investors have also recently made changes to their positions in the company. Salomon & Ludwin LLC increased its stake in shares of Seagate Technology by 124.4% during the fourth quarter. Salomon & Ludwin LLC now owns 92 shares of the data storage provider’s stock valued at $27,000 after buying an additional 51 shares during the period. Rakuten Securities Inc. increased its position in Seagate Technology by 884.2% during the 2nd quarter. Rakuten Securities Inc. now owns 187 shares of the data storage provider’s stock valued at $27,000 after purchasing an additional 168 shares during the period. Concord Wealth Partners bought a new position in Seagate Technology in the 4th quarter worth $28,000. Annis Gardner Whiting Capital Advisors LLC raised its holdings in Seagate Technology by 23.1% in the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 80 shares of the data storage provider’s stock worth $31,000 after purchasing an additional 15 shares in the last quarter. Finally, Quarry LP purchased a new stake in shares of Seagate Technology in the 4th quarter worth about $31,000. 92.87% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on STX shares. Cantor Fitzgerald reissued an “overweight” rating and issued a $1,300.00 price target on shares of Seagate Technology in a research note on Wednesday, July 29th. The Goldman Sachs Group lifted their price target on Seagate Technology from $385.00 to $700.00 and gave the company a “buy” rating in a research report on Wednesday, April 29th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Seagate Technology in a research note on Wednesday, June 24th. Susquehanna increased their price objective on Seagate Technology from $775.00 to $875.00 and gave the stock a “neutral” rating in a report on Wednesday, July 29th. Finally, Sanford C. Bernstein reissued an “outperform” rating and set a $1,350.00 price objective on shares of Seagate Technology in a research report on Wednesday, July 29th. One 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, the company has a consensus rating of “Moderate Buy” and an average price target of $986.00.

Insider Activity at Seagate Technology

In other Seagate Technology news, EVP John Christopher Morris sold 168 shares of Seagate Technology stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $817.76, for a total value of $137,383.68. Following the completion of the transaction, the executive vice president directly owned 11,920 shares of the company’s stock, valued at approximately $9,747,699.20. The trade was a 1.39% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Ban Seng Teh sold 7,361 shares of the company’s stock in a transaction that occurred on Thursday, August 13th. The stock was sold at an average price of $920.80, for a total transaction of $6,778,008.80. Following the completion of the transaction, the executive vice president owned 2,931 shares in the company, valued at approximately $2,698,864.80. This represents a 71.52% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 133,650 shares of company stock worth $116,077,574 in the last ninety days. 0.79% of the stock is currently owned by company insiders.

Seagate Technology Stock Down 9.2%

Shares of NASDAQ:STX opened at $903.45 on Wednesday. The stock has a fifty day simple moving average of $894.87 and a two-hundred day simple moving average of $674.58. The stock has a market capitalization of $204.77 billion, a price-to-earnings ratio of 65.09 and a beta of 2.06. Seagate Technology Holdings PLC has a 12-month low of $152.50 and a 12-month high of $1,145.00. The company has a current ratio of 1.67, a quick ratio of 1.17 and a debt-to-equity ratio of 1.56.

Seagate Technology (NASDAQ:STX) last released 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 return on equity of 369.98% and a net margin of 26.11%.The business had revenue of $3.63 billion for the quarter, compared to the consensus estimate of $3.50 billion. During the same period in the previous year, the company posted $2.59 earnings per share. The company’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. On average, research analysts anticipate that Seagate Technology Holdings PLC will post 34.42 earnings per share for the current fiscal year.

Seagate Technology Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 7th. Investors of record on Thursday, September 24th will be paid a $0.74 dividend. The ex-dividend date 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 presently 21.33%.

Key Headlines Impacting Seagate Technology

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

• Positive Sentiment: Seagate’s growth outlook is supported by sustained demand for data-center storage tied to artificial intelligence, advances in heat-assisted magnetic recording (HAMR), and disciplined execution. These factors could support revenue growth, margins and free cash flow. Seagate’s Growth Engine Gains Momentum Across 3 Fronts
• Positive Sentiment: Recent results reinforce the bullish case: Seagate exceeded quarterly earnings and revenue expectations, while revenue increased sharply year over year. Its outlook for the next quarter also points to continued earnings momentum.
• Positive Sentiment: Jim Cramer included Seagate among memory and storage stocks that may still have room to rise, arguing that AI-related demand is creating an unusually attractive opportunity despite the sector’s historically cyclical boom-and-bust pattern. Jim Cramer says it’s not too late to invest in SNDK, MU, STX, WDC
• Positive Sentiment: Other commentary identifies Seagate’s above-average financial growth, record cash-flow potential and favorable positioning for AI infrastructure as reasons growth investors should not overlook STX. 3 Reasons Why Growth Investors Shouldn’t Overlook Seagate
• Neutral Sentiment: Seagate’s shares have risen dramatically over the past six months and recently reached a new 52-week high, prompting investors to consider whether the strong operating performance is already reflected in the stock. 3 Reasons We Love Seagate
• Negative Sentiment: Profit-taking and valuation concerns may be contributing to the weaker session. STX carries a high earnings multiple and substantial volatility after its sharp advance, leaving the stock vulnerable when investors rotate among AI, memory and storage names or reassess the sector’s cyclicality.

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.