Aviance Capital Partners LLC Invests $224,000 in Seagate Technology Holdings PLC $STX

Aviance Capital Partners LLC purchased a new stake in Seagate Technology Holdings PLC (NASDAQ:STX) in the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 813 shares of the data storage provider’s stock, valued at approximately $224,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Profund Advisors LLC increased its holdings in shares of Seagate Technology by 458.6% during the 4th quarter. Profund Advisors LLC now owns 20,282 shares of the data storage provider’s stock valued at $5,585,000 after purchasing an additional 16,651 shares in the last quarter. ProShare Advisors LLC boosted its holdings in Seagate Technology by 738.5% during the fourth quarter. ProShare Advisors LLC now owns 380,854 shares of the data storage provider’s stock worth $104,883,000 after buying an additional 335,431 shares in the last quarter. Envestnet Portfolio Solutions Inc. grew its position in Seagate Technology by 117.1% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 2,673 shares of the data storage provider’s stock valued at $736,000 after buying an additional 1,442 shares during the period. GLOBALT Investments LLC GA increased its holdings in Seagate Technology by 820.8% in the fourth quarter. GLOBALT Investments LLC GA now owns 9,760 shares of the data storage provider’s stock valued at $2,688,000 after buying an additional 8,700 shares in the last quarter. Finally, TD Private Client Wealth LLC increased its holdings in Seagate Technology by 676.7% in the fourth quarter. TD Private Client Wealth LLC now owns 5,367 shares of the data storage provider’s stock valued at $1,478,000 after buying an additional 4,676 shares in the last quarter. Institutional investors and hedge funds own 92.87% of the company’s stock.

Insider Buying and Selling

In other Seagate Technology news, CFO Gianluca Romano sold 1,902 shares of Seagate Technology stock in a transaction dated Thursday, May 7th. The shares were sold at an average price of $770.00, for a total transaction of $1,464,540.00. Following the completion of the sale, the chief financial officer directly owned 40,945 shares in the company, valued at $31,527,650. This trade represents a 4.44% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 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 that occurred 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 $3,016,580.48. This trade represents a 68.44% decrease in their position. 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 three months, insiders have sold 118,283 shares of company stock valued at $65,989,618. 0.79% of the stock is currently owned by company insiders.

Key Seagate Technology News

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

• Positive Sentiment: Analysts and bullish commentary point to durable AI-related storage demand and Seagate’s HAMR-driven product cycle as potential supports for longer-term revenue and margin growth.
• Neutral Sentiment: Several articles focus on Seagate’s presentation and broader analyst reactions, including price-target updates, but do not add a major new catalyst by themselves.
• Negative Sentiment: CEO comments that it would take too long to build new factories, and that Seagate may not expand capacity aggressively, have raised concern that the company could miss some of the AI demand upside. Article Title
• Negative Sentiment: The capacity warning has also triggered a broader selloff in memory and storage stocks, adding sector pressure to STX. Article Title

Wall Street Analysts Forecast Growth

STX has been the topic of a number of analyst reports. Rosenblatt Securities raised their target price on Seagate Technology from $500.00 to $1,000.00 and gave the company a “buy” rating in a research report on Wednesday, April 29th. Bank of America raised their price objective on Seagate Technology from $700.00 to $840.00 and gave the company a “buy” rating in a report on Monday, April 27th. JPMorgan Chase & Co. boosted their price objective on Seagate Technology from $525.00 to $775.00 and gave the company an “overweight” rating in a research report on Wednesday, April 29th. BNP Paribas Exane upped their target price on Seagate Technology from $530.00 to $860.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 29th. Finally, TD Cowen increased their target price on Seagate Technology from $500.00 to $850.00 and gave the company a “buy” rating in a research report on Wednesday, April 29th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $733.71.

Seagate Technology Trading Down 1.0%

STX opened at $733.35 on Wednesday. The firm has a market capitalization of $164.44 billion, a price-to-earnings ratio of 69.58 and a beta of 1.98. The company’s 50 day simple moving average is $541.33 and its two-hundred day simple moving average is $401.33. Seagate Technology Holdings PLC has a 1-year low of $103.73 and a 1-year high of $841.31. 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 announced its quarterly earnings results on Tuesday, April 28th. The data storage provider reported $4.10 earnings per share for the quarter, beating the consensus estimate 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 firm had revenue of $3.11 billion for the quarter, compared to analysts’ expectations of $2.96 billion. During the same quarter in the previous year, the company posted $1.90 EPS. The company’s revenue was up 44.1% compared to the same quarter last year. Seagate Technology has set its Q4 2026 guidance at 4.800-5.200 EPS. Analysts expect that Seagate Technology Holdings PLC will post 14.1 EPS for the current fiscal year.

Seagate Technology Announces Dividend

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

Seagate Technology 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.