Flputnam Investment Management Co. Sells 989 Shares of Seagate Technology Holdings PLC $STX

Flputnam Investment Management Co. lowered its stake in Seagate Technology Holdings PLC (NASDAQ:STX) by 5.9% in the 4th quarter, HoldingsChannel.com reports. The fund owned 15,847 shares of the data storage provider’s stock after selling 989 shares during the quarter. Flputnam Investment Management Co.’s holdings in Seagate Technology were worth $4,364,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Salomon & Ludwin LLC increased its stake in shares of Seagate Technology by 124.4% in the 4th quarter. Salomon & Ludwin LLC now owns 92 shares of the data storage provider’s stock valued at $27,000 after acquiring an additional 51 shares in the last quarter. Rakuten Securities Inc. increased its stake in shares of Seagate Technology by 884.2% in the 2nd quarter. Rakuten Securities Inc. now owns 187 shares of the data storage provider’s stock valued at $27,000 after acquiring an additional 168 shares in the last quarter. Armstrong Advisory Group Inc. acquired a new stake in Seagate Technology in the 4th quarter valued at $28,000. Avion Wealth grew 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 purchasing an additional 79 shares during the period. Finally, Concord Wealth Partners acquired a new stake in Seagate Technology in the 4th quarter valued at $28,000. Institutional investors own 92.87% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on STX shares. JPMorgan Chase & Co. lifted their price target on shares of Seagate Technology from $525.00 to $775.00 and gave the company an “overweight” rating in a research report on Wednesday, April 29th. UBS Group lifted their price target on shares of Seagate Technology from $515.00 to $545.00 and gave the company a “neutral” rating in a research report on Wednesday, April 29th. Cantor Fitzgerald lifted their price target on shares of Seagate Technology from $700.00 to $1,000.00 and gave the company an “overweight” rating in a research report on Wednesday, April 29th. KeyCorp set a $500.00 price target on shares of Seagate Technology in a research report on Wednesday, January 28th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Seagate Technology in a research report on Friday, March 27th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $746.63.

Insider Activity

In other Seagate Technology news, EVP Ban Seng Teh sold 8,003 shares of Seagate Technology stock in a transaction on Thursday, May 14th. The shares were sold at an average price of $817.28, for a total transaction of $6,540,691.84. Following the transaction, the executive vice president directly owned 3,691 shares of the company’s stock, valued at $3,016,580.48. The trade was a 68.44% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available 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 Seagate Technology stock in a transaction on Wednesday, May 6th. The stock was sold at an average price of $774.22, for a total transaction of $17,410,659.36. Following the transaction, the chief financial officer directly owned 42,847 shares in the company, valued at $33,173,004.34. This represents a 34.42% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 142,437 shares of company stock worth $86,093,575. Company insiders own 0.79% of the company’s stock.

Seagate Technology Price Performance

STX opened at $870.66 on Thursday. The company has a debt-to-equity ratio of 3.16, a current ratio of 1.33 and a quick ratio of 0.85. The company has a market capitalization of $195.23 billion, a price-to-earnings ratio of 82.61 and a beta of 1.98. The firm’s fifty day moving average price is $593.37 and its two-hundred day moving average price is $424.63. Seagate Technology Holdings PLC has a 1 year low of $116.28 and a 1 year high of $888.95.

Seagate Technology (NASDAQ:STX) last posted its quarterly earnings data on Tuesday, April 28th. The data storage provider reported $4.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.51 by $0.59. The firm had revenue of $3.11 billion for the quarter, compared to the consensus estimate of $2.96 billion. Seagate Technology had a net margin of 21.60% and a return on equity of 1,005.65%. The business’s revenue for the quarter was up 44.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.90 EPS. Seagate Technology has set its Q4 2026 guidance at 4.800-5.200 EPS. As a group, analysts anticipate that Seagate Technology Holdings PLC will post 14.1 earnings per share for the current fiscal year.

Seagate Technology Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 7th. Shareholders of record on Wednesday, June 24th will be issued a dividend of $0.74 per share. This represents a $2.96 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend is Wednesday, June 24th. Seagate Technology’s payout ratio is currently 28.08%.

Seagate Technology News Roundup

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

• Positive Sentiment: Barclays raised its price target on Seagate Technology to $1,000 from $750 and reiterated an overweight rating, signaling continued confidence in the company’s growth outlook and suggesting more upside potential for the shares. Benzinga
• Positive Sentiment: Analysts are highlighting Seagate’s AI-driven storage demand, strong cash flow, and HAMR technology as key growth drivers, with comparisons suggesting STX is better positioned than some peers facing softer IT spending and cloud headwinds. Zacks
• Positive Sentiment: A Zacks piece on memory and storage stocks points to booming AI demand and tighter chip supply as supportive for Seagate, reinforcing the bullish narrative around storage hardware beneficiaries. Zacks
• Neutral Sentiment: Seagate presented at TD Cowen’s technology conference, but no major new catalyst was included in the transcript headline alone, so the near-term stock impact appears limited unless management offered fresh guidance or commentary. Seeking Alpha
• Neutral Sentiment: Seagate’s note exchange activity to retire some convertible debt could improve its capital structure, but the deal also used ordinary shares, making the overall market reaction less clear. Yahoo Finance
• Negative Sentiment: The same debt-related article notes insider selling under pre-arranged plans, which can sometimes weigh on sentiment even if the sales are not necessarily a sign of trouble. Yahoo Finance

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.