Angeles Wealth Management LLC Sells 847 Shares of Seagate Technology Holdings PLC $STX

Angeles Wealth Management LLC lowered its holdings in Seagate Technology Holdings PLC (NASDAQ:STX) by 22.8% during the first quarter, Holdings Channel.com reports. The firm owned 2,860 shares of the data storage provider’s stock after selling 847 shares during the period. Angeles Wealth Management LLC’s holdings in Seagate Technology were worth $1,122,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the business. Massachusetts Financial Services Co. MA raised its holdings in shares of Seagate Technology by 1,510.1% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 2,008,516 shares of the data storage provider’s stock valued at $553,125,000 after buying an additional 1,883,769 shares during the last quarter. Norges Bank acquired a new position in Seagate Technology during the 4th quarter worth about $498,363,000. Soroban Capital Partners LP grew its holdings in Seagate Technology by 1,468.1% during the 2nd quarter. Soroban Capital Partners LP now owns 1,417,600 shares of the data storage provider’s stock worth $204,602,000 after acquiring an additional 1,327,197 shares during the last quarter. Deutsche Bank AG grew its holdings in Seagate Technology by 102.0% during the 4th quarter. Deutsche Bank AG now owns 1,599,962 shares of the data storage provider’s stock worth $440,614,000 after acquiring an additional 807,962 shares during the last quarter. Finally, National Pension Service increased its position in Seagate Technology by 298.7% in the 4th quarter. National Pension Service now owns 997,223 shares of the data storage provider’s stock valued at $274,625,000 after acquiring an additional 747,102 shares in the last quarter. Institutional investors own 92.87% of the company’s stock.

Key Seagate Technology News

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

• Positive Sentiment: Analysts and market commentary highlighted Seagate as one of the AI storage beneficiaries, citing strong revenue outlooks, expanding margins, and earnings growth potential from rising AI-driven data storage demand. Article: Everyone’s Buying NVIDIA, but 2 Smaller AI Stocks Could Soar Higher
• Positive Sentiment: Several articles argued Seagate may be well positioned in the “AI memory war,” with mostly Buy ratings and expectations for further upside as storage demand stays strong. Article: Which Storage Stock Is Best Positioned to Win the AI Memory War? (STX)
• Positive Sentiment: Commentary from investors also praised Seagate’s cost advantage and hyperscaler storage economics, reinforcing the bull case that the company can benefit from large-scale AI infrastructure spending. Article: I Keep Buying Seagate Because It Has One Massive Cost Advantage Others Don’t
• Neutral Sentiment: Seagate said it will report fiscal fourth-quarter and full-year 2026 results on July 28, keeping investors focused on upcoming earnings for confirmation of the growth story. Article: Seagate Technology to Report Fiscal Fourth Quarter and Fiscal Year 2026 Financial Results on July 28, 2026
• Neutral Sentiment: Media coverage noted that Seagate has at times outperformed other stock market peers even when the broader market was weak, suggesting relative strength rather than a company-specific catalyst. Article: Seagate Technology Holdings PLC stock outperforms competitors despite losses on the day
• Negative Sentiment: The tech and semiconductor sectors were broadly lower, and investors continued to rotate away from the AI trade, which can drag Seagate lower even if company fundamentals remain solid. Article: Sector Update: Tech Stocks Fall Thursday Afternoon
• Negative Sentiment: Separate market commentary said the chip-stock slide is not over, with the SOX index under pressure, signaling ongoing weakness across AI-related equities that could weigh on STX. Article: The Chip-Stock Slide Isn’t Over. The AI Trade Is Still Under Pressure.
• Negative Sentiment: The SOX index fell sharply in a recent session, showing that semiconductor weakness is still spreading through the AI ecosystem and weighing on sentiment for related stocks. Article: The SOX Index Fell 16% in Less Than a Month

Insider Buying and Selling

In other Seagate Technology news, EVP Ban Seng Teh sold 989 shares of the stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $880.19, for a total value of $870,507.91. Following the transaction, the executive vice president owned 4,290 shares of the company’s stock, valued at approximately $3,776,015.10. This represents a 18.73% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP John Christopher Morris sold 1,364 shares of the firm’s stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $880.19, for a total value of $1,200,579.16. Following the transaction, the executive vice president owned 12,088 shares in the company, valued at approximately $10,639,736.72. This trade represents a 10.14% 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. Over the last ninety days, insiders have sold 151,069 shares of company stock worth $126,191,753. Company insiders own 0.79% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on STX shares. Loop Capital boosted their target price on shares of Seagate Technology from $950.00 to $1,140.00 and gave the stock a “buy” rating in a research note on Friday, May 15th. China Renaissance increased their price target on shares of Seagate Technology from $802.00 to $983.00 in a research note on Friday, June 12th. Wells Fargo & Company raised shares of Seagate Technology from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $900.00 to $1,100.00 in a report on Friday, July 10th. BNP Paribas Exane boosted their price objective on shares of Seagate Technology from $530.00 to $860.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 29th. Finally, Susquehanna upped their price objective on Seagate Technology from $615.00 to $775.00 and gave the stock a “neutral” rating in a report on Wednesday, July 8th. Twenty-two equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $898.52.

Seagate Technology Price Performance

Shares of STX stock opened at $745.49 on Friday. Seagate Technology Holdings PLC has a 52-week low of $138.30 and a 52-week high of $1,145.00. The stock has a market cap of $167.16 billion, a PE ratio of 70.73 and a beta of 2.04. The company has a debt-to-equity ratio of 3.16, a quick ratio of 0.85 and a current ratio of 1.33. The firm’s 50 day moving average price is $886.91 and its two-hundred day moving average price is $588.06.

Seagate Technology (NASDAQ:STX) last issued its earnings results 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%. The business’s revenue for the quarter was up 44.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.90 EPS. Seagate Technology has set its Q4 2026 guidance at 4.800-5.200 EPS. As a group, analysts forecast that Seagate Technology Holdings PLC will post 14.14 EPS for the current year.

Seagate Technology Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 7th. Investors of record on Wednesday, June 24th were paid a dividend of $0.74 per share. The ex-dividend date of this dividend was Wednesday, June 24th. This represents a $2.96 dividend on an annualized basis and a dividend yield of 0.4%. Seagate Technology’s payout ratio is 28.08%.

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.