Seagate Technology Holdings PLC $STX Stock: Left Brain Wealth Management LLC Reduces Position

Left Brain Wealth Management LLC reduced its stake in shares of Seagate Technology Holdings PLC (NASDAQ:STX) by 22.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,155 shares of the data storage provider’s stock after selling 1,188 shares during the period. Left Brain Wealth Management LLC’s holdings in Seagate Technology were worth $3,832,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in STX. State of Wyoming acquired a new stake in Seagate Technology during the third quarter worth approximately $424,000. Petros Family Wealth LLC raised its holdings in shares of Seagate Technology by 52.2% in the 3rd quarter. Petros Family Wealth LLC now owns 274 shares of the data storage provider’s stock worth $161,000 after purchasing an additional 94 shares during the period. International Assets Investment Management LLC lifted its position in Seagate Technology by 604.8% during the third quarter. International Assets Investment Management LLC now owns 11,714 shares of the data storage provider’s stock valued at $10,804,000 after buying an additional 10,052 shares in the last quarter. Parcion Private Wealth LLC boosted its position in Seagate Technology by 19.3% during the 3rd quarter. Parcion Private Wealth LLC now owns 1,387 shares of the data storage provider’s stock worth $1,279,000 after purchasing an additional 224 shares during the period. Finally, Soltis Investment Advisors LLC boosted its position in shares of Seagate Technology by 7.2% in the third quarter. Soltis Investment Advisors LLC now owns 2,194 shares of the data storage provider’s stock worth $2,024,000 after buying an additional 147 shares during the period. 92.87% of the stock is currently owned by hedge funds and other institutional investors.

Seagate Technology Trading Down 8.0%

Shares of NASDAQ STX opened at $644.58 on Friday. The company has a current ratio of 1.82, a quick ratio of 1.17 and a debt-to-equity ratio of 0.68. Seagate Technology Holdings PLC has a one year low of $228.61 and a one year high of $1,145.00. The business has a 50-day moving average price of $799.09 and a two-hundred day moving average price of $688.41. The firm has a market capitalization of $146.57 billion, a PE ratio of 33.85 and a beta of 2.06.

Seagate Technology (NASDAQ:STX) last released its earnings results on Tuesday, October 27th. The data storage provider reported $7.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $7.44 by $0.24. Seagate Technology had a net margin of 31.86% and a return on equity of 252.47%. The company had revenue of $4.23 billion during the quarter, compared to the consensus estimate of $4.15 billion. During the same quarter in the prior year, the firm earned $2.61 EPS. The company’s revenue was up 61.0% compared to the same quarter last year. As a group, analysts predict that Seagate Technology Holdings PLC will post 36.37 earnings per share for the current fiscal year.

Seagate Technology Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 7th. Shareholders of record on Wednesday, December 23rd will be paid a $0.76 dividend. This represents a $3.04 dividend on an annualized basis and a yield of 0.5%. This is a boost from Seagate Technology’s previous quarterly dividend of $0.74. The ex-dividend date is Wednesday, December 23rd. Seagate Technology’s dividend payout ratio is presently 15.55%.

Insiders Place Their Bets

In related news, CEO William D. Mosley sold 11,002 shares of the company’s stock in a transaction on Thursday, October 1st. The shares were sold at an average price of $935.60, for a total value of $10,293,471.20. Following the completion of the sale, the chief executive officer directly owned 362,108 shares in the company, valued at approximately $338,788,244.80. This represents a 2.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP James Lee sold 547 shares of the company’s stock in a transaction dated Friday, October 23rd. The stock was sold at an average price of $642.14, for a total value of $351,250.58. Following the sale, the executive vice president owned 1,037 shares of the company’s stock, valued at approximately $665,899.18. This trade represents a 34.53% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 466,812 shares of company stock worth $378,583,042 in the last 90 days. 0.51% of the stock is owned by corporate insiders.

Key Headlines Impacting Seagate Technology

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

• Positive Sentiment: Seagate reported fiscal Q1 2027 revenue of approximately $4.23 billion, up 61% year over year, and non-GAAP EPS of $7.68, exceeding the $7.44 consensus estimate. Record free cash flow of roughly $1.5 billion, stronger pricing and robust mass-capacity demand support the company’s AI and cloud-storage growth outlook. Seagate Q1 Earnings Ride Record Cash Flow and AI Demand
• Positive Sentiment: Analysts continue to highlight Seagate’s exposure to expanding data-center capacity needs. Some commentary favors STX over Western Digital because of its higher return on equity, lower forward valuation and record cash generation. Western Digital vs. Seagate
• Positive Sentiment: Seagate announced a dividend increase, adding to its appeal for income-oriented investors during market volatility and ongoing inflation and interest-rate uncertainty. Stocks That Declared Dividend Hikes
• Positive Sentiment: Wedbush maintained an “Outperform” rating, while Morgan Stanley reportedly reduced its target but still sees substantial potential upside, indicating that some analysts view the pullback as an opportunity. Wedbush Outperform Rating
• Neutral Sentiment: The earnings response has been muted because elevated expectations appear to have been largely priced into STX after its substantial prior run. Investors are weighing excellent results against valuation, future growth assumptions and the sustainability of AI-driven demand. Post-Earnings Pullback
• Negative Sentiment: Seagate is declining alongside Sandisk, Western Digital and Micron in a broader semiconductor and memory-stock selloff, suggesting sector-wide profit-taking is outweighing the company’s earnings beat. Storage and Memory Stocks Sell Off
• Negative Sentiment: TD Cowen, Morgan Stanley, Citigroup, Susquehanna and Wells Fargo lowered their price targets or forecasts. Summit Insights also downgraded the stock, creating near-term pressure even though several firms remain constructive. TD Cowen Cuts Seagate Price Target

Analysts Set New Price Targets

STX has been the subject of a number of recent analyst reports. Wells Fargo & Company lowered their price target on shares of Seagate Technology from $865.00 to $820.00 and set an “overweight” rating for the company in a report on Wednesday. Morgan Stanley decreased their price objective on shares of Seagate Technology from $1,200.00 to $1,148.00 and set an “overweight” rating for the company in a report on Wednesday. Susquehanna dropped their price target on Seagate Technology from $925.00 to $765.00 and set a “neutral” rating on the stock in a research report on Wednesday. TD Cowen cut their price objective on shares of Seagate Technology from $1,000.00 to $900.00 and set a “buy” rating on the stock in a research report on Wednesday. Finally, Citigroup decreased their price target on Seagate Technology from $1,300.00 to $1,050.00 and set a “buy” rating for the company in a research note on Wednesday. Twenty-two equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,000.88.

About Seagate Technology

Seagate Technology Holdings plc (NASDAQ: STX) is a data storage company that develops and manufactures mass-capacity storage products and solutions. Its portfolio is centered on hard disk drives (HDDs) used in cloud data centers, enterprise systems, network-attached storage, video and imaging applications, and personal computers.

The company also provides storage-related services and solutions designed to help organizations store, manage, protect, and access large volumes of digital information.