Sage Mountain Advisors LLC Invests $417,000 in Seagate Technology Holdings PLC $STX

Sage Mountain Advisors LLC bought a new position in shares of Seagate Technology Holdings PLC (NASDAQ:STX) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 1,765 shares of the data storage provider’s stock, valued at approximately $417,000.

Other hedge funds also recently added to or reduced their stakes in the company. Integrated Wealth Concepts LLC lifted its holdings in shares of Seagate Technology by 168.0% in the 1st quarter. Integrated Wealth Concepts LLC now owns 7,177 shares of the data storage provider’s stock valued at $610,000 after buying an additional 4,499 shares during the period. Sivia Capital Partners LLC purchased a new position in Seagate Technology during the second quarter valued at approximately $262,000. Wealth Enhancement Advisory Services LLC lifted its holdings in Seagate Technology by 41.2% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 24,175 shares of the data storage provider’s stock valued at $3,613,000 after acquiring an additional 7,053 shares during the period. UMB Bank n.a. boosted its position in Seagate Technology by 130.2% in the 2nd quarter. UMB Bank n.a. now owns 1,554 shares of the data storage provider’s stock worth $224,000 after purchasing an additional 879 shares in the last quarter. Finally, Farther Finance Advisors LLC grew its stake in shares of Seagate Technology by 12.2% during the 2nd quarter. Farther Finance Advisors LLC now owns 6,498 shares of the data storage provider’s stock worth $938,000 after purchasing an additional 707 shares during the period. 92.87% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, EVP Ban Seng Teh sold 6,000 shares of Seagate Technology stock in a transaction that occurred on Wednesday, November 5th. The stock was sold at an average price of $270.00, for a total value of $1,620,000.00. Following the sale, the executive vice president directly owned 12,041 shares of the company’s stock, valued at $3,251,070. The trade was a 33.26% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Stephanie Tilenius sold 2,046 shares of the stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $266.41, for a total value of $545,074.86. Following the completion of the transaction, the director directly owned 12,244 shares of the company’s stock, valued at approximately $3,261,924.04. This represents a 14.32% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 132,557 shares of company stock valued at $36,847,793. 0.79% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on STX. Susquehanna upgraded shares of Seagate Technology from a “negative” rating to a “neutral” rating and boosted their target price for the company from $150.00 to $280.00 in a research note on Friday, January 16th. Mizuho lifted their price objective on shares of Seagate Technology from $290.00 to $370.00 and gave the company an “outperform” rating in a report on Friday, January 9th. Robert W. Baird increased their target price on shares of Seagate Technology from $188.00 to $270.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 29th. Morgan Stanley restated an “overweight” rating on shares of Seagate Technology in a research report on Thursday. Finally, The Goldman Sachs Group upped their price target on Seagate Technology from $280.00 to $310.00 and gave the stock a “buy” rating in a report on Friday, January 9th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $350.41.

Seagate Technology Stock Up 5.6%

STX opened at $344.22 on Thursday. The company has a market cap of $73.51 billion, a PE ratio of 44.19, a price-to-earnings-growth ratio of 1.28 and a beta of 1.60. Seagate Technology Holdings PLC has a twelve month low of $63.19 and a twelve month high of $349.55. The company has a 50-day moving average price of $285.72 and a 200 day moving average price of $227.19.

Seagate Technology Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 9th. Shareholders of record on Wednesday, December 24th were issued a dividend of $0.74 per share. The ex-dividend date of this dividend was Wednesday, December 24th. This is an increase from Seagate Technology’s previous quarterly dividend of $0.72. This represents a $2.96 dividend on an annualized basis and a dividend yield of 0.9%. Seagate Technology’s payout ratio is currently 38.00%.

Key Headlines Impacting Seagate Technology

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

• Positive Sentiment: Bank of America reiterated a Buy on STX and raised its target to $400, citing stronger visibility into revenue and margin growth and forecasting a robust fiscal Q2 driven by data?center demand. Bank of America note / Proactive
• Positive Sentiment: Citigroup raised its price target to $385 and maintained a Buy rating, signaling analyst conviction that Seagate will capture AI/data?center storage spending. Citigroup raise / Benzinga
• Positive Sentiment: BNP Paribas Exane upgraded STX from Neutral to Outperform with a $380 target — another upward revision that helped lift market sentiment. BNP Paribas upgrade / Finviz
• Positive Sentiment: Sector narrative: analysts and market pieces are shifting attention from GPUs to storage as AI workloads increase demand for both hot?tier SSDs and large?capacity HDDs — a structural tailwind for Seagate’s enterprise/data?center business. Yahoo: Seagate rises after upgrade
• Neutral Sentiment: Rosenblatt and UBS raised targets (Rosenblatt to $370 buy; UBS raised its PT to $335 but kept a Neutral rating), reflecting higher earnings/valuation expectations while showing some variation in conviction. Rosenblatt/UBS / Benzinga
• Neutral Sentiment: Recent writeups looked at Seagate’s valuation after the rounds of upgrades and AI storage commentary — useful context for investors reassessing multiples amid faster revenue/margin visibility. Yahoo Finance valuation piece
• Negative Sentiment: Not all coverage is uniformly bullish: Zacks trimmed its rating from Strong?Buy to Hold, introducing a countervailing view on near?term upside and reminding investors some analysts see less immediate upside. Zacks downgrade TickerReport

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.