Kestra Private Wealth Services LLC Sells 3,300 Shares of Seagate Technology Holdings PLC $STX

Kestra Private Wealth Services LLC decreased its stake in Seagate Technology Holdings PLC (NASDAQ:STX) by 12.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 23,746 shares of the data storage provider’s stock after selling 3,300 shares during the period. Kestra Private Wealth Services LLC’s holdings in Seagate Technology were worth $6,539,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. National Pension Service boosted its stake in shares of Seagate Technology by 28.0% in the 3rd quarter. National Pension Service now owns 250,121 shares of the data storage provider’s stock valued at $59,044,000 after purchasing an additional 54,722 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. purchased a new stake in shares of Seagate Technology in the 3rd quarter valued at $1,864,000. Sumitomo Mitsui Trust Group Inc. boosted its stake in shares of Seagate Technology by 1.2% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 518,806 shares of the data storage provider’s stock valued at $142,874,000 after purchasing an additional 6,028 shares in the last quarter. Keystone Investors PTE Ltd. boosted its stake in shares of Seagate Technology by 55.7% in the 3rd quarter. Keystone Investors PTE Ltd. now owns 50,321 shares of the data storage provider’s stock valued at $11,879,000 after purchasing an additional 18,000 shares in the last quarter. Finally, Estate Counselors LLC purchased a new stake in shares of Seagate Technology in the 3rd quarter valued at $2,557,000. Institutional investors own 92.87% of the company’s stock.

Insider Buying and Selling at Seagate Technology

In other news, EVP Ban Seng Teh sold 20,195 shares of the business’s stock in a transaction on Thursday, January 29th. The shares were sold at an average price of $442.29, for a total transaction of $8,932,046.55. Following the sale, the executive vice president owned 3,092 shares in the company, valued at approximately $1,367,560.68. The trade was a 86.72% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO William D. Mosley sold 20,000 shares of the business’s stock in a transaction on Wednesday, April 1st. The shares were sold at an average price of $420.73, for a total transaction of $8,414,600.00. Following the sale, the chief executive officer owned 355,591 shares in the company, valued at approximately $149,607,801.43. This trade represents a 5.32% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 111,550 shares of company stock worth $46,476,441. Corporate insiders own 0.79% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on STX shares. Wedbush upped their price objective on shares of Seagate Technology from $430.00 to $700.00 and gave the company an “outperform” rating in a research note on Monday. Evercore upped their price target on shares of Seagate Technology from $450.00 to $550.00 and gave the company an “outperform” rating in a report on Wednesday, April 8th. Loop Capital upped their price target on shares of Seagate Technology from $700.00 to $800.00 and gave the company a “buy” rating in a report on Thursday, April 23rd. BNP Paribas Exane upped their price target on shares of Seagate Technology from $430.00 to $530.00 and gave the company an “outperform” rating in a report on Wednesday, February 4th. Finally, Mizuho upped their price target on shares of Seagate Technology from $475.00 to $565.00 and gave the company an “outperform” rating in a report on Friday, April 10th. Twenty analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, Seagate Technology has a consensus rating of “Moderate Buy” and an average target price of $535.58.

Seagate Technology Stock Down 2.8%

Shares of Seagate Technology stock opened at $579.03 on Wednesday. The company has a current ratio of 1.12, a quick ratio of 0.72 and a debt-to-equity ratio of 7.63. The company’s fifty day simple moving average is $444.55 and its two-hundred day simple moving average is $351.81. The company has a market cap of $126.27 billion, a P/E ratio of 65.50, a PEG ratio of 0.99 and a beta of 1.61. Seagate Technology Holdings PLC has a 12-month low of $81.22 and a 12-month high of $607.89.

Seagate Technology (NASDAQ:STX) last issued its quarterly earnings data on Tuesday, April 28th. The data storage provider reported $4.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.47 by $0.63. The business had revenue of $3.11 billion for the quarter, compared to the consensus estimate of $2.94 billion. Seagate Technology had a net margin of 19.59% and a negative return on equity of 936.38%. The company’s quarterly revenue 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. Research analysts anticipate that Seagate Technology Holdings PLC will post 12.13 EPS for the current year.

Seagate Technology Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 7th. Stockholders 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 dividend yield of 0.5%. The ex-dividend date is Wednesday, June 24th. Seagate Technology’s payout ratio is 33.48%.

Seagate Technology News Summary

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

• Positive Sentiment: Q3 results materially beat expectations — EPS $4.10 vs. Street ~3.47 and revenue $3.11B (up ~44% y/y); Seagate reported record margins and nearly $1B of free cash flow, supporting near‑term profitability and cash metrics. Seagate Technology Reports Fiscal Third Quarter 2026 Financial Results
• Positive Sentiment: Management issued very upbeat guidance for the next quarter — EPS guide of 4.800–5.200 and revenue guide ~$3.4–3.6B well above consensus, which underpins the AI/data‑center demand story and lifted storage peers in extended trading. Seagate forecasts upbeat quarter as AI boom powers strong data-storage demand
• Positive Sentiment: Analysts are raising targets and ratings (Bank of America, Wedbush and others lifted targets toward $700), which can support further upside if secular demand and supply dynamics persist. Wedbush raises price target on Seagate to $700
• Neutral Sentiment: Company materials and the earnings call/slide deck are available for detail; investors should review management’s commentary on product mix, inventory and customer pacing for better forward visibility. Seagate earnings transcript and materials
• Negative Sentiment: Valuation and balance‑sheet/returns flags — the stock trades at a rich multiple versus history/peers and reported an anomalous negative return on equity; Seagate also has elevated leverage metrics that could amplify downside if demand softens. SNDK, STX and WDC Forecasts – AI Hype Meets Reality
• Negative Sentiment: Short‑term market dynamics: the post‑earnings rally drew quick profit‑taking and there are voices warning that AI capex could be lumpy — any signs of customer pacing or broader tech sell‑off would likely pressure shares. Storage stocks jump as Seagate’s upbeat forecast fuels confidence in AI spending

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.