Wealthfront Advisers LLC Increases Stake in Seagate Technology Holdings PLC $STX

Wealthfront Advisers LLC lifted its position in Seagate Technology Holdings PLC (NASDAQ:STX) by 6.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 44,451 shares of the data storage provider’s stock after acquiring an additional 2,870 shares during the quarter. Wealthfront Advisers LLC’s holdings in Seagate Technology were worth $12,241,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. Salomon & Ludwin LLC grew its stake in shares of 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 buying an additional 51 shares during the last quarter. Rakuten Securities Inc. boosted its holdings in Seagate Technology by 884.2% during 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 during the period. Armstrong Advisory Group Inc. bought a new position in Seagate Technology in the 4th quarter valued at $28,000. Avion Wealth increased its stake in Seagate Technology by 343.5% in the fourth quarter. Avion Wealth now owns 102 shares of the data storage provider’s stock worth $28,000 after purchasing an additional 79 shares during the period. Finally, Concord Wealth Partners purchased a new stake in Seagate Technology in the fourth quarter worth $28,000. 92.87% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, EVP Kian Fatt Chong sold 5,846 shares of Seagate Technology stock in a transaction on Monday, February 23rd. The stock was sold at an average price of $416.48, for a total value of $2,434,742.08. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Jay L. Geldmacher sold 925 shares of the business’s stock in a transaction on Friday, January 30th. The stock was sold at an average price of $448.02, for a total value of $414,418.50. Following the completion of the transaction, the director directly 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 disclosure for this sale is available in the SEC filing. Insiders sold a total of 111,550 shares of company stock worth $46,476,441 over the last quarter. Insiders own 0.79% of the company’s stock.

Key Stories Impacting Seagate Technology

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

• Positive Sentiment: Q3 results materially beat expectations — EPS $4.10 vs. consensus ~$3.47 and revenue $3.11B vs. ~$2.94B; company reported record margins and roughly $1B of free cash flow. Seagate Q3 Press Release
• Positive Sentiment: Very strong forward guidance — Q4 EPS guided to $4.80–$5.20 (street ~3.89) and revenue guided to $3.4–$3.6B — signaling continued AI/data‑center demand. Reuters: Seagate forecasts upbeat quarter
• Positive Sentiment: Wall Street is repricing the stock: Rosenblatt raised its price target to $1,000 (buy), and other firms (Wedbush, BofA, Cantor) have lifted targets to the $700 area — signaling big upside in analyst models. Rosenblatt price-target note
• Positive Sentiment: Sector lift: Seagate’s upbeat forecast helped lift storage peers and pushed storage stocks higher on expectations of sustained AI spending. Reuters: Storage stocks jump
• Neutral Sentiment: Board declared a quarterly dividend of $0.74/share (record June 24, payable July 7); yield ~0.5% — a small income signal but not a primary catalyst.
• Negative Sentiment: Risks and valuation — STX now trades with a high P/E (~65.5) and very high reported debt-to-equity (~7.6). Rapid re‑rating raises downside risk if AI/data‑center demand slows or HAMR adoption/timing disappoints.

Seagate Technology Stock Down 2.8%

NASDAQ:STX opened at $579.03 on Wednesday. The company has a debt-to-equity ratio of 7.63, a current ratio of 1.12 and a quick ratio of 0.72. Seagate Technology Holdings PLC has a 1-year low of $81.22 and a 1-year high of $607.89. The company has a 50-day moving average of $444.55 and a 200 day moving average of $351.81. The firm has a market cap of $126.27 billion, a PE ratio of 65.50, a price-to-earnings-growth ratio of 0.99 and a beta of 1.61.

Seagate Technology (NASDAQ:STX) last posted its quarterly earnings results on Tuesday, April 28th. The data storage provider reported $4.10 EPS for the quarter, beating the consensus estimate of $3.47 by $0.63. Seagate Technology had a net margin of 19.59% and a negative return on equity of 936.38%. The business had revenue of $3.11 billion during the quarter, compared to analyst estimates of $2.94 billion. During the same quarter in the previous year, the business posted $1.90 EPS. The company’s quarterly revenue was up 44.1% compared to the same quarter last year. Seagate Technology has set its Q4 2026 guidance at 4.800-5.200 EPS. As a group, research analysts anticipate that Seagate Technology Holdings PLC will post 12.13 EPS for the current fiscal year.

Seagate Technology Dividend Announcement

The business also recently announced 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. The ex-dividend date is Wednesday, June 24th. This represents a $2.96 dividend on an annualized basis and a yield of 0.5%. Seagate Technology’s dividend payout ratio is currently 33.48%.

Analyst Ratings Changes

STX has been the subject of a number of recent analyst reports. Cantor Fitzgerald boosted their target price on shares of Seagate Technology from $650.00 to $1,000.00 and gave the company an “overweight” rating in a research note on Wednesday. Mizuho boosted their price objective on shares of Seagate Technology from $565.00 to $700.00 and gave the company an “outperform” rating in a research report on Wednesday. Morgan Stanley upped their target price on shares of Seagate Technology from $582.00 to $767.00 and gave the stock an “overweight” rating in a research note on Wednesday. Bank of America raised their target price on shares of Seagate Technology from $605.00 to $700.00 and gave the stock a “buy” rating in a research report on Monday. Finally, Barclays raised shares of Seagate Technology from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $425.00 to $625.00 in a research note on Wednesday, April 22nd. Twenty investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $649.54.

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.