811 Shares in Seagate Technology Holdings PLC $STX Acquired by Redhawk Wealth Advisors Inc.

Redhawk Wealth Advisors Inc. bought a new position in shares of Seagate Technology Holdings PLC (NASDAQ:STX) in the second quarter, HoldingsChannel.com reports. The firm bought 811 shares of the data storage provider’s stock, valued at approximately $783,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Salomon & Ludwin LLC lifted its stake in shares of Seagate Technology by 124.4% during the 4th quarter. Salomon & Ludwin LLC now owns 92 shares of the data storage provider’s stock worth $27,000 after purchasing an additional 51 shares during the last quarter. Rakuten Securities Inc. grew 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 valued at $27,000 after purchasing an additional 168 shares during the last quarter. Avion Wealth grew 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 valued at $28,000 after purchasing an additional 79 shares during the last quarter. Concord Wealth Partners bought a new position in Seagate Technology in the fourth quarter worth about $28,000. Finally, Annis Gardner Whiting Capital Advisors LLC raised its holdings in Seagate Technology by 23.1% in the first 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. Institutional investors own 92.87% of the company’s stock.

Seagate Technology Stock Performance

STX opened at $820.52 on Wednesday. Seagate Technology Holdings PLC has a 52-week low of $152.05 and a 52-week high of $1,145.00. The company has a quick ratio of 1.17, a current ratio of 1.67 and a debt-to-equity ratio of 1.56. The company has a market cap of $185.97 billion, a P/E ratio of 59.12 and a beta of 2.06. The firm’s 50-day moving average price is $890.19 and its 200-day moving average price is $654.82.

Seagate Technology (NASDAQ:STX) last announced its quarterly earnings data on Tuesday, July 28th. The data storage provider reported $5.71 EPS for the quarter, beating the consensus estimate of $5.10 by $0.61. The firm had revenue of $3.63 billion during the quarter, compared to analyst estimates of $3.50 billion. Seagate Technology had a net margin of 26.11% and a return on equity of 369.98%. Seagate Technology’s revenue was up 48.5% on a year-over-year basis. During the same period last year, the firm posted $2.59 EPS. Seagate Technology has set its Q1 2027 guidance at 7.100-7.500 EPS. As a group, equities analysts anticipate that Seagate Technology Holdings PLC will post 34.42 EPS for the current fiscal year.

Seagate Technology Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 7th. Stockholders of record on Thursday, September 24th will be paid a dividend of $0.74 per share. This represents a $2.96 annualized dividend and a dividend yield of 0.4%. The ex-dividend date is Thursday, September 24th. Seagate Technology’s payout ratio is presently 21.33%.

Insider Activity at Seagate Technology

In related news, CEO William D. Mosley sold 17,080 shares of the firm’s stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $827.30, for a total value of $14,130,284.00. Following the completion of the transaction, the chief executive officer owned 295,517 shares in the company, valued at $244,481,214.10. This trade represents a 5.46% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Gianluca Romano sold 880 shares of Seagate Technology stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $845.12, for a total value of $743,705.60. Following the sale, the chief financial officer directly owned 20,663 shares of the company’s stock, valued at approximately $17,462,714.56. This represents a 4.08% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 164,292 shares of company stock valued at $138,378,957. 0.79% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of analysts have recently weighed in on STX shares. JPMorgan Chase & Co. raised their price target on shares of Seagate Technology from $1,095.00 to $1,240.00 and gave the company an “overweight” rating in a report on Wednesday, July 29th. Evercore increased their target price on shares of Seagate Technology from $750.00 to $1,000.00 and gave the company an “outperform” rating in a research report on Tuesday, May 12th. Wedbush raised their target price on shares of Seagate Technology from $825.00 to $1,000.00 and gave the company an “outperform” rating in a research note on Wednesday, July 29th. China Renaissance lifted their price target on shares of Seagate Technology from $802.00 to $983.00 in a report on Friday, June 12th. Finally, Wall Street Zen raised Seagate Technology from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 1st. One analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $986.00.

Seagate Technology News Summary

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

• Positive Sentiment: AI-related data-center expansion is driving demand for Seagate’s nearline mass-capacity hard drives. Reports highlight that capacity is largely allocated through 2027, while multi-year contracts and a supply-disciplined market could support pricing and margins. Seagate Technology: AI Runs On Disks Nobody Else Wants To Make
• Positive Sentiment: Seagate’s HAMR-based Mozaic platform and improving storage density are viewed as long-term competitive advantages. Analysts also point to strong data-center growth, long-term capacity agreements and the company’s build-to-order model as supporting future expansion. Seagate Technology Gains From AI Boom: Is Long-Term Growth Secured?
• Positive Sentiment: The company’s latest quarterly results exceeded expectations, with earnings and revenue above consensus and revenue up 48.5% year over year. Management’s quarterly EPS outlook of $7.10 to $7.50 reinforces expectations for continued earnings momentum.
• Neutral Sentiment: Reported short interest was listed at zero shares, with a zero-day days-to-cover ratio. Because the data also showed an undefined percentage change, it provides little meaningful information about short-seller positioning.
• Negative Sentiment: CFO Gianluca Romano sold a combined 22,211 shares in three transactions worth approximately $17.8 million. The sales were executed under a pre-arranged Rule 10b5-1 plan, reducing their significance as a discretionary bearish signal, but they still represent a notable reduction in his direct ownership. SEC Insider Trading Filing
• Negative Sentiment: Commentary remains cautious about valuation after the substantial rally. While rising storage prices, stronger margins and AI demand support growth, the elevated earnings multiple leaves less room for execution or demand-related disappointments. Does STX Stock Still Have More Room to Run After Solid Q4 Earnings?

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.