Integrated Wealth Concepts LLC Cuts Position in Seagate Technology Holdings PLC $STX

Integrated Wealth Concepts LLC lessened its position in Seagate Technology Holdings PLC (NASDAQ:STX) by 12.8% during the second quarter, Holdings Channel reports. The fund owned 7,959 shares of the data storage provider’s stock after selling 1,166 shares during the period. Integrated Wealth Concepts LLC’s holdings in Seagate Technology were worth $7,680,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Retirement Wealth Solutions LLC lifted its stake in Seagate Technology by 70.6% during the second quarter. Retirement Wealth Solutions LLC now owns 29 shares of the data storage provider’s stock worth $28,000 after purchasing an additional 12 shares during the last quarter. Bridgewater Advisors Inc. increased its position in shares of Seagate Technology by 0.9% during the 1st quarter. Bridgewater Advisors Inc. now owns 1,477 shares of the data storage provider’s stock valued at $579,000 after purchasing an additional 13 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC increased its position in shares of Seagate Technology by 23.1% during the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 80 shares of the data storage provider’s stock valued at $31,000 after purchasing an additional 15 shares during the last quarter. Blalock Williams LLC raised its holdings in shares of Seagate Technology by 2.6% during the 2nd quarter. Blalock Williams LLC now owns 636 shares of the data storage provider’s stock valued at $614,000 after buying an additional 16 shares in the last quarter. Finally, Beaumont Financial Advisors LLC raised its holdings in shares of Seagate Technology by 2.1% during the 1st quarter. Beaumont Financial Advisors LLC now owns 820 shares of the data storage provider’s stock valued at $321,000 after buying an additional 17 shares in the last quarter. Hedge funds and other institutional investors own 92.87% of the company’s stock.

Seagate Technology Price Performance

STX stock opened at $862.33 on Friday. The stock has a market capitalization of $196.09 billion, a price-to-earnings ratio of 62.13 and a beta of 2.06. The firm’s 50-day moving average price is $848.58 and its two-hundred day moving average price is $724.71. 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 Holdings PLC has a 12-month low of $192.99 and a 12-month high of $1,145.00.

Seagate Technology (NASDAQ:STX) last posted its earnings results on Tuesday, July 28th. The data storage provider reported $5.71 earnings per share for the quarter, topping analysts’ consensus estimates of $5.10 by $0.61. The company 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 for the quarter was up 48.5% on a year-over-year basis. During the same period in the prior year, the business posted $2.59 earnings per share. Seagate Technology has set its Q1 2027 guidance at 7.100-7.500 EPS. As a group, equities analysts predict that Seagate Technology Holdings PLC will post 35.7 earnings per share for the current year.

Seagate Technology Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 7th. Shareholders of record on Thursday, September 24th will be issued a $0.74 dividend. The ex-dividend date is Thursday, September 24th. This represents a $2.96 annualized dividend and a yield of 0.3%. Seagate Technology’s dividend payout ratio (DPR) is 21.33%.

Insiders Place Their Bets

In related news, Director Yolanda Conyers sold 750 shares of the company’s stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of $815.11, for a total transaction of $611,332.50. Following the completion of the transaction, the director owned 3,351 shares in the company, valued at $2,731,433.61. This represents a 18.29% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO William Mosley sold 30,000 shares of the firm’s stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of $816.28, for a total value of $24,488,400.00. Following the completion of the sale, the chief executive officer directly owned 295,168 shares of the company’s stock, valued at $240,939,735.04. The trade was a 9.23% 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. In the last quarter, insiders have sold 181,299 shares of company stock worth $152,971,204. Insiders own 0.79% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on the company. Citigroup boosted their target price on Seagate Technology from $1,240.00 to $1,300.00 and gave the stock a “buy” rating in a research report on Wednesday, July 29th. Wells Fargo & Company lifted their price target on shares of Seagate Technology from $1,100.00 to $1,180.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 29th. Susquehanna boosted their price objective on shares of Seagate Technology from $775.00 to $875.00 and gave the stock a “neutral” rating in a report on Wednesday, July 29th. Rosenblatt Securities boosted their price objective on shares of Seagate Technology from $1,300.00 to $1,400.00 and gave the stock a “buy” rating in a report on Wednesday, July 29th. Finally, Mizuho upped their price objective on shares of Seagate Technology from $875.00 to $1,090.00 and gave the company an “outperform” rating in a research note on Monday, June 8th. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $986.00.

Trending Headlines about Seagate Technology

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

• Positive Sentiment: Seagate expects fiscal 2027 revenue growth to exceed fiscal 2026, supported by cloud-computing demand, AI adoption and broader deployment of HAMR-based mass-capacity drives. Can Seagate Sustain Its Strong Revenue Growth in Fiscal 2027?
• Positive Sentiment: Articles highlight Seagate’s HAMR and Mozaic technology roadmap, which is increasing storage capacity and efficiency while positioning the company to benefit from rising data-center requirements. Seagate’s HAMR Bet is Paying Off
• Positive Sentiment: Investor commentary continues to identify Seagate as an AI-infrastructure beneficiary. The company’s recent earnings beat—$5.71 in quarterly EPS versus a $5.10 consensus estimate, with revenue up 48.5% year over year—supports the bullish case. The Two Most Compelling AI Infrastructure Plays Right Now
• Positive Sentiment: Management’s presentations at the Goldman Sachs and Citi technology conferences reinforce market attention on Seagate’s cloud, AI and HAMR opportunities. Goldman Sachs Communacopia + Technology Conference Transcript
• Neutral Sentiment: Seagate completed the redemption of its exchangeable notes, an event that removes a financing obligation but may have limited immediate earnings impact. Seagate Completes Redemption of Exchangeable Notes
• Negative Sentiment: At roughly 62 times earnings and near its historical high, Seagate faces demanding expectations. Commentary about a possible move to $1,000 depends on continued AI demand, successful HAMR execution and sufficient production capacity. Price Prediction: Seagate Stock Will Hit $1000
• Negative Sentiment: The reported short-interest data shows zero shares and a zero-day days-to-cover ratio, but the accompanying “increase” is shown as unavailable, making the data unreliable and offering little useful insight into trading pressure.

About Seagate Technology

Seagate Technology Holdings plc is a data storage technology company that develops and manufactures mass-capacity storage solutions for businesses and consumers. Its product portfolio is centered on hard disk drives (HDDs), which are used in cloud data centers, enterprise systems, network-attached storage, video and imaging applications, and personal computing.

The company also offers solid-state drives (SSDs), external storage products, storage systems, and related data-management and recovery services.