2,446 Seagate Technology Holdings PLC $STX Shares Purchased by Diversify Advisory Services LLC

Key Points

• Diversify Advisory Services increased its Seagate position by 135.7%, purchasing 2,446 additional shares for a total holding of 4,248 shares valued at approximately $3.9 million. Institutional investors and hedge funds collectively own 92.87% of the stock.
• Analysts remain broadly bullish, with 22 Buy ratings and five Holds producing a “Moderate Buy” consensus and an average price target of $975.92. Several firms recently raised their targets, citing strong hard-drive demand and expectations for better-than-expected results.
• Seagate’s latest quarter exceeded estimates, with $5.71 in earnings per share and $3.63 billion in revenue, up 48.5% year over year. However, insiders sold 466,959 shares worth about $378.8 million over the past 90 days, while the stock faces valuation and profit-taking risks after a significant rally.

Diversify Advisory Services LLC increased its position in shares of Seagate Technology Holdings PLC (NASDAQ:STX - Free Report) by 135.7% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 4,248 shares of the data storage provider's stock after purchasing an additional 2,446 shares during the quarter. Diversify Advisory Services LLC's holdings in Seagate Technology were worth $3,918,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Retirement Wealth Solutions LLC grew its holdings in Seagate Technology by 70.6% in the second quarter. Retirement Wealth Solutions LLC now owns 29 shares of the data storage provider's stock valued at $28,000 after purchasing an additional 12 shares during the last quarter. Bridgewater Advisors Inc. increased its position in shares of Seagate Technology by 0.9% in the first quarter. Bridgewater Advisors Inc. now owns 1,477 shares of the data storage provider's stock valued at $579,000 after buying an additional 13 shares in the last quarter. Baker Tilly Wealth Management LLC increased its position in shares of Seagate Technology by 4.6% in the third quarter. Baker Tilly Wealth Management LLC now owns 319 shares of the data storage provider's stock valued at $295,000 after buying an additional 14 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC raised its stake in shares of Seagate Technology by 23.1% during the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 80 shares of the data storage provider's stock worth $31,000 after buying an additional 15 shares during the last quarter. Finally, Blalock Williams LLC raised its stake in shares of Seagate Technology by 2.6% during the 2nd quarter. Blalock Williams LLC now owns 636 shares of the data storage provider's stock worth $614,000 after buying an additional 16 shares during the last quarter. 92.87% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

STX has been the topic of several recent research reports. TD Cowen boosted their price objective on shares of Seagate Technology from $850.00 to $1,000.00 and gave the stock a "buy" rating in a research report on Wednesday, July 29th. Wedbush increased their price objective on shares of Seagate Technology from $825.00 to $1,000.00 and gave the company an "outperform" rating in a research note on Wednesday, July 29th. Rosenblatt Securities raised their target price on shares of Seagate Technology from $1,300.00 to $1,400.00 and gave the company a "buy" rating in a report on Wednesday, July 29th. Susquehanna raised their target price on shares of Seagate Technology from $775.00 to $875.00 and gave the company a "neutral" rating in a report on Wednesday, July 29th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Seagate Technology from $1,095.00 to $1,240.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 29th. Twenty-two analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, Seagate Technology presently has a consensus rating of "Moderate Buy" and an average price target of $975.92.

Insider Buying and Selling

In related news, EVP Ban Teh sold 52,730 shares of Seagate Technology stock in a transaction dated Tuesday, September 15th. The stock was sold at an average price of $782.08, for a total transaction of $41,239,078.40. Following the completion of the sale, the executive vice president owned 5,810 shares in the company, valued at approximately $4,543,884.80. This trade represents a 90.08% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP John Morris sold 9,354 shares of the business's stock in a transaction dated Monday, September 21st. The shares were sold at an average price of $877.91, for a total transaction of $8,211,970.14. Following the completion of the transaction, the executive vice president directly owned 22,693 shares of the company's stock, valued at $19,922,411.63. The trade was a 29.19% decrease in their position. 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 sold 466,959 shares of company stock worth $378,840,741 in the last ninety days. 0.51% of the stock is currently owned by insiders.

Seagate Technology Price Performance

Shares of NASDAQ:STX opened at $696.88 on Thursday. The business's fifty day moving average price is $833.04 and its two-hundred day moving average price is $810.11. The stock has a market cap of $158.46 billion, a PE ratio of 45.59 and a beta of 2.06. The company has a debt-to-equity ratio of 1.56, a quick ratio of 1.17 and a current ratio of 1.67. Seagate Technology Holdings PLC has a one year low of $209.00 and a one year high of $1,145.00.

Seagate Technology (NASDAQ:STX - Get Free Report) last released its quarterly earnings results on Tuesday, July 28th. The data storage provider reported $5.71 earnings per share for the quarter, topping the consensus estimate of $5.10 by $0.61. Seagate Technology had a return on equity of 369.98% and a net margin of 26.11%. The company had revenue of $3.63 billion during the quarter, compared to the consensus estimate of $3.50 billion. During the same quarter last year, the business posted $2.59 earnings per share. Seagate Technology's revenue was up 48.5% compared to the same quarter last year. Seagate Technology has set its Q1 2027 guidance at 7.100-7.500 EPS. On average, analysts forecast that Seagate Technology Holdings PLC will post 35.75 EPS for the current fiscal year.

Seagate Technology Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 7th. Investors of record on Thursday, September 24th were paid a dividend of $0.74 per share. The ex-dividend date of this dividend was 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 presently 21.33%.

Key Stories Impacting Seagate Technology

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

• Positive Sentiment: Bank of America raised its price target to $1,200 from $1,150 and reiterated a Buy rating. The bank expects fiscal first-quarter 2027 revenue near the high end of management’s guidance and earnings above the company’s projected range, citing HDD demand that is exceeding Seagate’s long-term expectations. Seagate price target raised as Bank of America sees strong demand for hard drives
• Positive Sentiment: Morgan Stanley also maintained a bullish view and lifted its price target to $1,200 from $1,187. The firm expects strong quarterly results and better-than-expected guidance, making Seagate an aggressive-buy candidate after its recent weakness. Seagate, Western Digital stocks gain as this analyst sees 80% upside
• Positive Sentiment: Zacks upgraded Seagate to Rank #2, or Buy, reflecting improving expectations for earnings. The service also highlighted Seagate’s history of exceeding estimates and the current combination of factors that could support another earnings beat. Seagate upgraded to Buy
• Neutral Sentiment: Growth-focused commentary points to Seagate’s strong revenue and earnings attributes, while investors await the next quarterly report. The company’s latest reported quarter already exceeded expectations, with revenue up 48.5% year over year and earnings above consensus.
• Negative Sentiment: Valuation and profit-taking risks remain. Seagate has delivered a very large gain in 2026, prompting debate over whether investors should lock in profits or continue holding. Earlier share-price pressure also reflected concerns about AI-related financing and competition, although analysts currently expect these issues to be outweighed by demand and guidance strength. Micron and Seagate rally prompts profit-taking debate

Seagate Technology Profile

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.

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