Foundations Investment Advisors LLC Sells 1,491 Shares of Seagate Technology Holdings PLC $STX

Foundations Investment Advisors LLC lowered its stake in shares of Seagate Technology Holdings PLC (NASDAQ:STX) by 49.4% during the third quarter, HoldingsChannel reports. The firm owned 1,530 shares of the data storage provider’s stock after selling 1,491 shares during the quarter. Foundations Investment Advisors LLC’s holdings in Seagate Technology were worth $361,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. First Horizon Corp acquired a new position in Seagate Technology during the third quarter worth $33,000. Harbor Asset Planning Inc. bought a new position in shares of Seagate Technology in the 2nd quarter valued at about $27,000. Rakuten Securities Inc. increased its stake in shares of Seagate Technology by 884.2% during the 2nd quarter. Rakuten Securities Inc. now owns 187 shares of the data storage provider’s stock worth $27,000 after purchasing an additional 168 shares during the last quarter. MTM Investment Management LLC acquired a new position in shares of Seagate Technology during the 2nd quarter worth about $29,000. Finally, Activest Wealth Management bought a new stake in shares of Seagate Technology in the 3rd quarter valued at about $60,000. Institutional investors and hedge funds own 92.87% of the company’s stock.

Seagate Technology Stock Up 2.7%

STX opened at $444.45 on Wednesday. The stock has a fifty day moving average of $311.90 and a 200-day moving average of $243.79. The company has a market capitalization of $96.92 billion, a P/E ratio of 50.28, a P/E/G ratio of 0.97 and a beta of 1.62. Seagate Technology Holdings PLC has a fifty-two week low of $63.19 and a fifty-two week high of $459.41. The company has a debt-to-equity ratio of 7.63, a quick ratio of 0.72 and a current ratio of 1.12.

Seagate Technology (NASDAQ:STX) last released its quarterly earnings results on Tuesday, January 27th. The data storage provider reported $3.11 EPS for the quarter, beating the consensus estimate of $2.77 by $0.34. Seagate Technology had a net margin of 19.59% and a negative return on equity of 936.38%. The business had revenue of $2.83 billion for the quarter, compared to the consensus estimate of $2.73 billion. During the same period in the prior year, the company posted $2.03 earnings per share. Seagate Technology’s revenue was up 21.5% compared to the same quarter last year. Seagate Technology has set its Q3 2026 guidance at 3.200-3.600 EPS. On average, equities analysts expect that Seagate Technology Holdings PLC will post 6.83 EPS for the current year.

Seagate Technology Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 8th. Investors of record on Wednesday, March 25th will be paid a $0.74 dividend. This represents a $2.96 annualized dividend and a dividend yield of 0.7%. The ex-dividend date is Wednesday, March 25th. Seagate Technology’s payout ratio is 33.48%.

Insider Buying and Selling at Seagate Technology

In other Seagate Technology news, CEO William D. Mosley sold 20,000 shares of Seagate Technology stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $429.27, for a total value of $8,585,400.00. Following the completion of the transaction, the chief executive officer directly owned 410,056 shares of the company’s stock, valued at $176,024,739.12. The trade was a 4.65% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jay L. Geldmacher sold 925 shares of the company’s stock in a transaction on Friday, January 30th. The shares were sold at an average price of $448.02, for a total value of $414,418.50. Following the sale, the director owned 223 shares of the company’s stock, valued at approximately $99,908.46. The trade was a 80.57% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 137,976 shares of company stock valued at $45,330,378 over the last ninety days. 0.79% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Susquehanna upgraded Seagate Technology from a “negative” rating to a “neutral” rating and lifted their price target for the stock from $150.00 to $280.00 in a report on Friday, January 16th. Loop Capital lifted their target price on Seagate Technology from $350.00 to $465.00 and gave the stock a “buy” rating in a research note on Monday, November 10th. UBS Group increased their price target on Seagate Technology from $335.00 to $385.00 and gave the company a “neutral” rating in a research note on Wednesday, January 28th. Morgan Stanley raised their price target on Seagate Technology from $337.00 to $372.00 and gave the company an “overweight” rating in a report on Thursday, January 22nd. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Seagate Technology in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $417.57.

Key Stories Impacting Seagate Technology

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

• Positive Sentiment: Q2 results and AI tailwind: Seagate reported a better‑than‑expected quarter (EPS $3.11 vs. $2.77 est.; revenue $2.83B vs. $2.73B) and highlighted AI-driven demand and long‑term HAMR visibility, plus Q3 guidance of $3.20–$3.60 EPS — a key driver of today’s bullish sentiment. Article Title
• Positive Sentiment: Analyst upgrades and higher targets: Multiple firms have raised ratings/targets (Cantor Fitzgerald, Barclays, Wedbush, Bernstein and others), lifting the consensus target toward the low‑to‑mid‑$400s — supporting momentum and valuation re‑rating.
• Positive Sentiment: Dividend and shareholder returns: Seagate declared a quarterly dividend of $0.74 (annualized $2.96); steady payout (DPR ~33%) reinforces income appeal for some investors and slightly cushions valuation concerns.
• Neutral Sentiment: Zacks coverage and momentum mentions: Recent Zacks pieces highlight STX as a long‑term growth/momentum pick amid AI-driven storage demand — media coverage can amplify buying but is secondary to concrete results and guidance. Article Title
• Negative Sentiment: Insider selling disclosed: Several insiders sold stock recently — CEO William Mosley sold 20,000 shares (~$8.59M; SEC filing) and EVP Ban Seng Teh sold 20,195 shares (~$8.93M; SEC filing); a director also sold a small stake. These large executive sales can raise short‑term caution among some shareholders. CEO Form 4 EVP Form 4

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.