Vanguard Personalized Indexing Management LLC Grows Position in Seagate Technology Holdings PLC $STX

Vanguard Personalized Indexing Management LLC raised its holdings in shares of Seagate Technology Holdings PLC (NASDAQ:STX) by 3.4% during the 4th quarter, Holdings Channel.com reports. The firm owned 38,577 shares of the data storage provider’s stock after acquiring an additional 1,253 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Seagate Technology were worth $10,624,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Salomon & Ludwin LLC lifted its holdings in 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 purchasing an additional 51 shares during the last quarter. Rakuten Securities Inc. lifted its holdings in Seagate Technology by 884.2% during the second quarter. Rakuten Securities Inc. now owns 187 shares of the data storage provider’s stock valued at $27,000 after purchasing an additional 168 shares during the last quarter. Armstrong Advisory Group Inc. purchased a new stake in Seagate Technology during the fourth quarter valued at about $28,000. Avion Wealth lifted its holdings in Seagate Technology by 343.5% during the fourth 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 last quarter. Finally, Concord Wealth Partners purchased a new stake in Seagate Technology during the fourth quarter valued at about $28,000. 92.87% of the stock is owned by hedge funds and other institutional investors.

Seagate Technology Price Performance

Shares of NASDAQ:STX opened at $1,018.80 on Tuesday. The company has a 50 day moving average of $721.33 and a 200 day moving average of $482.71. The stock has a market cap of $228.45 billion, a P/E ratio of 96.66 and a beta of 2.04. Seagate Technology Holdings PLC has a 12 month low of $127.61 and a 12 month high of $1,032.52. The company has a current ratio of 1.33, a quick ratio of 0.85 and a debt-to-equity ratio of 3.16.

Seagate Technology (NASDAQ:STX) last issued its quarterly earnings data on Tuesday, April 28th. The data storage provider reported $4.10 EPS for the quarter, beating the consensus estimate of $3.51 by $0.59. The company had revenue of $3.11 billion during the quarter, compared to analysts’ expectations of $2.96 billion. Seagate Technology had a net margin of 21.60% and a return on equity of 1,005.65%. Seagate Technology’s revenue for the quarter was up 44.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.90 earnings per share. Seagate Technology has set its Q4 2026 guidance at 4.800-5.200 EPS. As a group, sell-side analysts forecast that Seagate Technology Holdings PLC will post 14.14 EPS for the current fiscal year.

Seagate Technology Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 7th. Investors of record on Wednesday, June 24th will be given a $0.74 dividend. This represents a $2.96 annualized dividend and a dividend yield of 0.3%. The ex-dividend date is Wednesday, June 24th. Seagate Technology’s dividend payout ratio is 28.08%.

Seagate Technology News Summary

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

• Positive Sentiment: Morgan Stanley raised its price target on Seagate Technology (STX) to $1,035 from $767 and reiterated an Overweight rating, citing improving HDD pricing and expectations that supply shortages could last through at least 2028. Benzinga reference
• Positive Sentiment: Several market reports highlighted Seagate as a beneficiary of stronger AI/data-center storage demand, with tech and memory stocks broadly gaining on optimism around the sector. Yahoo Finance reference
• Positive Sentiment: Seagate also received fresh support from “growth stock” and “AI memory/storage” articles that framed STX as an attractive way to play tightening supply and rising infrastructure spending. Zacks reference
• Neutral Sentiment: Seagate disclosed multiple insider sales on June 12, including CEO William D. Mosley and executives Gianluca Romano, Ban Seng Teh, and John Christopher Morris. The sales were sizable in dollar terms, but several were made under pre-arranged trading plans and do not necessarily signal a change in fundamentals.
• Neutral Sentiment: Seagate redeemed its 3.50% exchangeable senior notes due 2028, removing roughly $150.7 million of debt and improving balance-sheet flexibility. Yahoo Finance reference

Wall Street Analyst Weigh In

Several equities research analysts have commented on STX shares. The Goldman Sachs Group upped 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. Barclays raised their price objective on shares of Seagate Technology from $750.00 to $1,000.00 and gave the company an “overweight” rating in a research report on Wednesday, May 27th. China Renaissance boosted their price objective on shares of Seagate Technology from $802.00 to $983.00 in a research note on Friday. Loop Capital boosted their price objective on shares of Seagate Technology from $950.00 to $1,140.00 and gave the company a “buy” rating in a research note on Friday, May 15th. Finally, Evercore boosted their price objective on shares of Seagate Technology from $750.00 to $1,000.00 and gave the company an “outperform” rating in a research note on Tuesday, May 12th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $831.79.

Insider Activity at Seagate Technology

In related news, EVP Ban Seng Teh sold 8,003 shares of the company’s stock in a transaction that occurred on Thursday, May 14th. The shares were sold at an average price of $817.28, for a total value of $6,540,691.84. Following 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 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 22,488 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the chief financial officer owned 42,847 shares in the company, valued at approximately $33,173,004.34. This trade represents a 34.42% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 165,653 shares of company stock valued at $117,161,746 in the last ninety days. 0.79% of the stock is currently owned by company 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.