Seagate Technology Holdings PLC $STX Holdings Decreased by National Wealth Management Group LLC

National Wealth Management Group LLC cut its stake in Seagate Technology Holdings PLC (NASDAQ:STX) by 28.8% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,988 shares of the data storage provider’s stock after selling 805 shares during the quarter. National Wealth Management Group LLC’s holdings in Seagate Technology were worth $1,834,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in STX. VUB Generali dochodkova spravcovska spolocnost a.s. purchased a new stake in Seagate Technology during the 3rd quarter worth about $507,000. Leo Wealth LLC bought a new position in Seagate Technology in the 3rd quarter worth about $598,000. Hilton Head Capital Partners LLC grew its holdings in Seagate Technology by 155.2% during the 3rd quarter. Hilton Head Capital Partners LLC now owns 74 shares of the data storage provider’s stock valued at $68,000 after buying an additional 45 shares in the last quarter. Bright Futures Wealth Management LLC. grew its holdings in Seagate Technology by 10.3% during the 3rd quarter. Bright Futures Wealth Management LLC. now owns 278 shares of the data storage provider’s stock valued at $256,000 after buying an additional 26 shares in the last quarter. Finally, Valley National Advisers Inc. increased its position in shares of Seagate Technology by 1,323.4% during the third quarter. Valley National Advisers Inc. now owns 2,861 shares of the data storage provider’s stock valued at $2,638,000 after buying an additional 2,660 shares during the period. 92.87% of the stock is currently owned by institutional investors.

Insider Activity at Seagate Technology

In related news, EVP Ban Teh sold 52,730 shares of the company’s stock in a transaction that occurred on Tuesday, September 15th. The shares were sold at an average price of $782.08, for a total value of $41,239,078.40. Following the transaction, the executive vice president directly owned 5,810 shares in the company, valued at approximately $4,543,884.80. This represents a 90.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Gianluca Romano sold 49,984 shares of the firm’s stock in a transaction that occurred on Tuesday, September 15th. The shares were sold at an average price of $772.16, for a total transaction of $38,595,645.44. Following the completion of the sale, the chief financial officer directly owned 70,756 shares in the company, valued at $54,634,952.96. This represents a 41.40% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 467,506 shares of company stock valued at $379,191,992 in the last ninety days. 0.51% of the stock is currently owned by company insiders.

Seagate Technology Price Performance

Shares of NASDAQ STX opened at $644.21 on Tuesday. The stock’s 50-day simple moving average is $816.49 and its two-hundred day simple moving average is $680.95. Seagate Technology Holdings PLC has a twelve month low of $217.67 and a twelve month high of $1,145.00. The firm has a market capitalization of $146.49 billion, a P/E ratio of 46.41 and a beta of 2.06. 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 (NASDAQ:STX) last issued its quarterly earnings results on Tuesday, July 28th. The data storage provider reported $5.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.10 by $0.61. Seagate Technology had a return on equity of 369.98% and a net margin of 26.11%. The firm had revenue of $3.63 billion during the quarter, compared to the consensus estimate of $3.50 billion. During the same quarter last year, the company posted $2.59 EPS. The company’s revenue for the quarter was up 48.5% on a year-over-year basis. As a group, equities analysts anticipate that Seagate Technology Holdings PLC will post 35.79 EPS for the current fiscal year.

Analysts Set New Price Targets

STX has been the topic of a number of recent analyst reports. Citigroup increased 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 report on Wednesday, July 29th. Melius Research initiated coverage on shares of Seagate Technology in a research report on Monday, June 29th. They issued a “buy” rating and a $1,600.00 price objective for the company. Wall Street Zen raised shares of Seagate Technology from a “buy” rating to a “strong-buy” rating in a research note on Saturday, September 26th. Zacks Research cut shares of Seagate Technology from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 28th. Finally, Wells Fargo & Company decreased their target price on shares of Seagate Technology from $1,180.00 to $865.00 and set an “overweight” rating on the stock in a report on Friday, October 16th. Twenty-two investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $951.92.

Seagate Technology News Roundup

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

• Positive Sentiment: Analysts expect Seagate to potentially beat its fiscal first-quarter 2027 outlook, supported by strong hard-disk-drive demand, higher pricing, and growth in its Mozaic technology. The company’s guidance calls for earnings per share of $7.10 to $7.50. Seagate Technology Q1 preview: Analysts project earnings beat amid strong HDD demand
• Positive Sentiment: Seagate announced expanded interoperability between its high-capacity HAMR and SMR storage technologies and Broadcom’s systems, with validation at Microsoft Azure. The development could help hyperscale cloud and AI customers scale storage more efficiently. Seagate Simplifies High-Capacity Storage Scaling for AI and Cloud Infrastructure
• Positive Sentiment: Cantor Fitzgerald maintained an “overweight” rating despite reducing its price target to $1,000 from $1,300. The revised target still implies significant upside from the referenced share price, suggesting the firm views the recent decline as excessive relative to Seagate’s long-term prospects. Cantor Fitzgerald stock recommendations

Seagate Technology Company Profile

Seagate Technology Holdings plc (NASDAQ: STX) is a data storage company that develops and manufactures mass-capacity storage products and solutions. Its portfolio is centered on hard disk drives (HDDs) used in cloud data centers, enterprise systems, network-attached storage, video and imaging applications, and personal computers.

The company also provides storage-related services and solutions designed to help organizations store, manage, protect, and access large volumes of digital information.