Keel Point LLC Sells 754 Shares of Seagate Technology Holdings PLC $STX

Keel Point LLC trimmed its position in shares of Seagate Technology Holdings PLC (NASDAQ:STX) by 53.0% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 668 shares of the data storage provider’s stock after selling 754 shares during the quarter. Keel Point LLC’s holdings in Seagate Technology were worth $262,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of STX. Salomon & Ludwin LLC grew its holdings 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 last quarter. Rakuten Securities Inc. raised its holdings in Seagate Technology by 884.2% in the 2nd quarter. Rakuten Securities Inc. now owns 187 shares of the data storage provider’s stock worth $27,000 after acquiring an additional 168 shares during the last quarter. Avion Wealth lifted its position in Seagate Technology by 343.5% in the 4th quarter. Avion Wealth now owns 102 shares of the data storage provider’s stock valued at $28,000 after acquiring an additional 79 shares in the last quarter. Concord Wealth Partners bought a new position in Seagate Technology in the 4th quarter valued at approximately $28,000. Finally, Annis Gardner Whiting Capital Advisors LLC boosted its stake in 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. 92.87% of the stock is currently owned by institutional investors.

Seagate Technology News Summary

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

• Positive Sentiment: Long-term AI orders are improving visibility. BNP Paribas highlighted unusually strong, long-term customer commitments, suggesting Seagate may have better revenue visibility than is typical for a cyclical storage company. That could support more durable growth and justify a favorable outlook. BNP Paribas Resets Seagate Target After Stunning AI Signal
• Positive Sentiment: Recent results and guidance exceeded expectations. Seagate reported quarterly earnings of $5.71 per share versus the $5.10 consensus estimate, while revenue of $3.63 billion topped forecasts of $3.50 billion and increased 48.5% year over year. Its $7.10-$7.50 per-share outlook for the next quarter also came in above expectations, reinforcing the AI-driven demand story. Seagate Rallies on Strong Q4 Results and Guidance
• Positive Sentiment: Industry AI spending remains a tailwind. Big Tech is expected to spend more than $750 billion on AI infrastructure in 2026, potentially benefiting Seagate and other storage suppliers as demand for data-center capacity expands. The Zacks Analyst Blog Highlights Micron, Seagate, Western Digital, Sandisk and Vertiv
• Neutral Sentiment: Executive selling was disclosed. EVP James Ci Lee sold 694 shares worth approximately $609,000 under a pre-arranged Rule 10b5-1 trading plan. The sale reduced his holdings by two-thirds, but the scheduled nature of the transaction limits its significance as a signal about management’s outlook.
• Negative Sentiment: Storage stocks faced broad sector pressure. Seagate declined alongside Western Digital, Micron and other memory names as investors cooled on the group. The move suggests profit-taking and concerns about cyclical demand or elevated valuations, with STX trading at a high earnings multiple after a substantial rally. Seagate and Western Digital Dive as Memory Stocks Cool

Analysts Set New Price Targets

Several research firms recently commented on STX. Rosenblatt Securities lifted their price objective on Seagate Technology from $1,300.00 to $1,400.00 and gave the stock a “buy” rating in a report on Wednesday, July 29th. Barclays upped their target price on shares of Seagate Technology from $1,000.00 to $1,250.00 and gave the company an “overweight” rating in a research note on Thursday, July 30th. Melius Research began coverage on shares of Seagate Technology in a report on Monday, June 29th. They set a “buy” rating and a $1,600.00 price target on the stock. Citigroup lifted their price target on shares of Seagate Technology from $1,240.00 to $1,300.00 and gave the stock a “buy” rating in a research note on Wednesday, July 29th. Finally, The Goldman Sachs Group boosted their price objective on shares of Seagate Technology from $385.00 to $700.00 and gave the company a “buy” rating in a report on Wednesday, April 29th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $986.00.

Seagate Technology Stock Performance

Shares of STX opened at $831.06 on Tuesday. The business has a 50-day simple moving average of $897.28 and a two-hundred day simple moving average of $633.59. The company has a quick ratio of 1.17, a current ratio of 1.67 and a debt-to-equity ratio of 1.56. Seagate Technology Holdings PLC has a 52 week low of $144.75 and a 52 week high of $1,145.00. The stock has a market cap of $186.35 billion, a price-to-earnings ratio of 59.87 and a beta of 2.06.

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 for the quarter, compared to the consensus estimate of $3.50 billion. Seagate Technology had a net margin of 26.11% and a return on equity of 369.98%. The company’s revenue was up 48.5% on a year-over-year basis. During the same period last year, the firm earned $2.59 EPS. Seagate Technology has set its Q1 2027 guidance at 7.100-7.500 EPS. On average, analysts expect that Seagate Technology Holdings PLC will post 33.08 EPS for the current 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 dividend of $0.74 per share. The ex-dividend date of this dividend is Thursday, September 24th. This represents a $2.96 dividend on an annualized basis and a yield of 0.4%. Seagate Technology’s dividend payout ratio is presently 21.33%.

Insider Buying and Selling at Seagate Technology

In other news, EVP Ban Seng Teh sold 8,003 shares of the stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $817.28, for a total transaction of $6,540,691.84. Following the completion of the transaction, the executive vice president directly owned 3,691 shares in the company, valued at approximately $3,016,580.48. This represents a 68.44% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Gianluca Romano sold 22,488 shares of the stock in a transaction on Wednesday, May 6th. The shares were sold at an average price of $774.22, for a total transaction of $17,410,659.36. Following the transaction, the chief financial officer owned 42,847 shares of the company’s stock, valued at $33,173,004.34. This trade represents a 34.42% 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. Insiders sold 143,860 shares of company stock worth $120,918,795 in the last quarter. 0.79% of the stock is owned by corporate insiders.

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.