1,124 Shares in Seagate Technology Holdings PLC $STX Bought by Central Pacific Bank Trust Division

Central Pacific Bank Trust Division purchased a new position in Seagate Technology Holdings PLC (NASDAQ:STX) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,124 shares of the data storage provider’s stock, valued at approximately $1,085,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of STX. Integrated Wealth Concepts LLC boosted its stake in 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 worth $610,000 after purchasing an additional 4,499 shares in the last quarter. Sivia Capital Partners LLC acquired a new position in Seagate Technology during the 2nd quarter valued at approximately $262,000. Cerity Partners LLC increased its stake in Seagate Technology by 25.8% during the 2nd quarter. Cerity Partners LLC now owns 36,682 shares of the data storage provider’s stock valued at $5,294,000 after purchasing an additional 7,517 shares in the last quarter. Sei Investments Co. raised its holdings in shares of Seagate Technology by 64.8% in the second quarter. Sei Investments Co. now owns 8,543 shares of the data storage provider’s stock worth $1,233,000 after buying an additional 3,358 shares during the last quarter. Finally, The Manufacturers Life Insurance Company lifted its stake in shares of Seagate Technology by 0.4% during the second quarter. The Manufacturers Life Insurance Company now owns 127,887 shares of the data storage provider’s stock worth $18,458,000 after buying an additional 462 shares during the period. 92.87% of the stock is owned by hedge funds and other institutional investors.

Key Stories Impacting Seagate Technology

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

• Positive Sentiment: Strong earnings and guidance support the bull case. Seagate recently reported quarterly EPS of $5.71, exceeding the $5.10 consensus estimate, while revenue of $3.63 billion surpassed forecasts and rose 48.5% year over year. Management’s next-quarter EPS guidance of $7.10 to $7.50 also points to continued momentum. 5 Momentum Stocks to Buy for August Despite a Mixed July
• Positive Sentiment: AI infrastructure demand remains a key tailwind. Seagate and Western Digital dominate the hard-disk-drive market, and Western Digital’s latest results showed 44% sales growth and adjusted EPS of $3.56, beating expectations. The results reinforce demand for storage capacity tied to data centers and AI workloads, although WD’s late-session stock decline highlights investor caution. Western Digital Earnings Beat With 44% Sales Growth
• Positive Sentiment: Analyst sentiment remains favorable. Seagate has a consensus “Moderate Buy” rating, with several firms recently raising price targets. It has also been identified as an August momentum stock because of AI exposure, earnings growth and financial strength. Zacks 5 Momentum Stocks to Buy
• Neutral Sentiment: Insider sales add headline pressure but were prearranged. CEO William D. Mosley sold 30,000 shares for roughly $24.5 million across two transactions, while executives John Christopher Morris and James Ci Lee also sold shares. All reported transactions were executed under Rule 10b5-1 plans, making them less reliable indicators of management’s current outlook. Seagate Executive Form 4 Filing
• Negative Sentiment: Sector-wide profit-taking is weighing on STX. Seagate declined alongside Micron and other memory stocks as investors reassessed cyclical demand and elevated valuations. Micron’s recent pullback, despite strong AI-memory demand, underscores the volatility and valuation concerns affecting the broader semiconductor and storage group. Micron Slips 9% in a Month

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on STX shares. Weiss Ratings reissued a “buy (b)” rating on shares of Seagate Technology in a research report on Wednesday, June 24th. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $1,350.00 price target on shares of Seagate Technology in a research report on Wednesday, July 29th. JPMorgan Chase & Co. increased their price objective on Seagate Technology from $1,095.00 to $1,240.00 and gave the company an “overweight” rating in a report on Wednesday, July 29th. Melius Research began coverage on Seagate Technology in a research note on Monday, June 29th. They issued a “buy” rating and a $1,600.00 price objective for the company. Finally, Fox Advisors lowered Seagate Technology from an “overweight” rating to an “equal weight” rating in a research report on Monday, June 22nd. One research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $986.00.

Seagate Technology Price Performance

NASDAQ:STX opened at $837.66 on Thursday. The company has a debt-to-equity ratio of 1.56, a current ratio of 1.67 and a quick ratio of 1.17. The company has a 50 day moving average price of $896.61 and a 200-day moving average price of $640.99. Seagate Technology Holdings PLC has a 1-year low of $144.75 and a 1-year high of $1,145.00. The firm has a market cap of $187.83 billion, a price-to-earnings ratio of 60.35 and a beta of 2.06.

Seagate Technology (NASDAQ:STX) last posted its earnings results on Tuesday, July 28th. The data storage provider reported $5.71 EPS for the quarter, beating analysts’ consensus estimates of $5.10 by $0.61. The firm had revenue of $3.63 billion for the quarter, compared to analysts’ expectations of $3.50 billion. Seagate Technology had a return on equity of 369.98% and a net margin of 26.11%.The company’s quarterly revenue was up 48.5% on a year-over-year basis. During the same period last year, the firm earned $2.59 EPS. Seagate Technology has set its Q1 2027 guidance at 7.100-7.500 EPS. Equities research analysts forecast that Seagate Technology Holdings PLC will post 33.08 EPS for the current year.

Seagate Technology Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 7th. Stockholders of record on Thursday, September 24th will be given a dividend of $0.74 per share. The ex-dividend date is Thursday, September 24th. This represents a $2.96 dividend on an annualized basis and a dividend yield of 0.4%. Seagate Technology’s dividend payout ratio (DPR) is 21.33%.

Insider Buying and Selling

In related news, CEO William D. Mosley sold 17,080 shares of the company’s stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $827.30, for a total transaction of $14,130,284.00. Following the completion of the transaction, the chief executive officer owned 295,517 shares in the company, valued at $244,481,214.10. This represents a 5.46% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP James Ci Lee sold 694 shares of Seagate Technology stock in a transaction dated Thursday, July 30th. The stock was sold at an average price of $877.45, for a total value of $608,950.30. Following the completion of the sale, the executive vice president owned 347 shares in the company, valued at approximately $304,475.15. The trade was a 66.67% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 149,638 shares of company stock worth $126,692,095 in the last 90 days. 0.79% of the stock is owned by 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.