Ameritas Advisory Services LLC Purchases 6,143 Shares of Seagate Technology Holdings PLC $STX

Key Points

• Ameritas Advisory Services increased its Seagate Technology position by 254.1% in the second quarter, purchasing 6,143 shares and bringing its total holdings to 8,561 shares valued at $8.26 million. Institutional investors collectively own 92.87% of the company.
• Seagate reported quarterly EPS of $5.71, exceeding the $5.10 consensus estimate, while revenue rose 48.5% year over year to $3.63 billion. Management guided to fiscal Q1 2027 EPS of $7.10–$7.50.
• Analysts maintain a broadly positive view, with a “Moderate Buy” consensus and an average price target of $986; however, insiders have sold $161.9 million of shares over the past 90 days. The company also declared a quarterly dividend of $0.74 per share, yielding approximately 0.3%.

Ameritas Advisory Services LLC lifted its position in Seagate Technology Holdings PLC (NASDAQ:STX - Free Report) by 254.1% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 8,561 shares of the data storage provider's stock after buying an additional 6,143 shares during the period. Ameritas Advisory Services LLC's holdings in Seagate Technology were worth $8,262,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. State Street Corp lifted its position in Seagate Technology by 1.0% during the 4th quarter. State Street Corp now owns 9,370,805 shares of the data storage provider's stock worth $2,587,535,000 after acquiring an additional 94,527 shares during the period. Morgan Stanley raised its stake in shares of Seagate Technology by 5.1% in the fourth quarter. Morgan Stanley now owns 5,317,516 shares of the data storage provider's stock worth $1,464,391,000 after purchasing an additional 258,151 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Seagate Technology by 5.0% during the fourth quarter. Geode Capital Management LLC now owns 4,896,815 shares of the data storage provider's stock worth $1,343,683,000 after purchasing an additional 234,436 shares during the period. Arrowstreet Capital Limited Partnership boosted its position in Seagate Technology by 8.3% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,193,063 shares of the data storage provider's stock valued at $879,338,000 after buying an additional 243,551 shares during the last quarter. Finally, Wellington Management Group LLP boosted its position in Seagate Technology by 2,655.9% in the second quarter. Wellington Management Group LLP now owns 2,414,136 shares of the data storage provider's stock valued at $2,329,641,000 after buying an additional 2,326,538 shares during the last quarter. Institutional investors own 92.87% of the company's stock.

Seagate Technology Price Performance

Shares of Seagate Technology stock opened at $849.28 on Monday. The firm has a market cap of $192.49 billion, a PE ratio of 61.19 and a beta of 2.06. Seagate Technology Holdings PLC has a twelve month low of $183.02 and a twelve month high of $1,145.00. The company has a quick ratio of 1.17, a current ratio of 1.67 and a debt-to-equity ratio of 1.56. The business has a 50-day moving average price of $851.92 and a 200 day moving average price of $711.74.

Seagate Technology (NASDAQ:STX - Get Free Report) last issued its quarterly earnings results on Tuesday, July 28th. The data storage provider reported $5.71 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $3.50 billion. During the same quarter in the prior year, the business posted $2.59 earnings per share. Seagate Technology's revenue for the quarter was up 48.5% on a year-over-year basis. Seagate Technology has set its Q1 2027 guidance at 7.100-7.500 EPS. Sell-side analysts predict that Seagate Technology Holdings PLC will post 35.7 earnings per share for the current fiscal year.

Seagate Technology Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 7th. Stockholders of record on Thursday, September 24th will be given a dividend of $0.74 per share. The ex-dividend date is Thursday, September 24th. This represents a $2.96 dividend on an annualized basis and a dividend yield of 0.3%. Seagate Technology's dividend payout ratio (DPR) is 21.33%.

Insider Transactions at Seagate Technology

In other Seagate Technology news, CFO Gianluca Romano sold 9,076 shares of the stock in a transaction on Friday, August 21st. The shares were sold at an average price of $849.35, for a total transaction of $7,708,700.60. Following the transaction, the chief financial officer directly owned 22,997 shares of the company's stock, valued at $19,532,501.95. This trade represents a 28.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP James Lee sold 9,013 shares of Seagate Technology stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $794.84, for a total transaction of $7,163,892.92. Following the completion of the sale, the executive vice president owned 347 shares in the company, valued at approximately $275,809.48. This trade represents a 96.29% 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 have sold 191,765 shares of company stock worth $161,865,249 in the last ninety days. Company insiders own 0.79% of the company's stock.

Analyst Ratings Changes

A number of research firms have issued reports on STX. Mizuho raised their price target on shares of Seagate Technology from $875.00 to $1,090.00 and gave the stock an "outperform" rating in a research report on Monday, June 8th. Evercore upped their price objective on shares of Seagate Technology from $750.00 to $1,000.00 and gave the company an "outperform" rating in a report on Tuesday, May 12th. Wells Fargo & Company increased their price objective on shares of Seagate Technology from $1,100.00 to $1,180.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 29th. Wedbush raised their target price on shares of Seagate Technology from $825.00 to $1,000.00 and gave the stock an "outperform" rating in a report on Wednesday, July 29th. Finally, TD Cowen boosted their target price on shares of Seagate Technology from $850.00 to $1,000.00 and gave the company a "buy" rating in a research report on Wednesday, July 29th. One analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $986.00.

Trending Headlines about Seagate Technology

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

• Positive Sentiment: A rally that began in NAND memory broadened across the storage complex, with Seagate benefiting alongside SK Hynix and other memory-linked companies. The strength suggests investors are increasing exposure to companies positioned to supply AI data centers and expanding storage capacity. SK Hynix Surges 7% as Memory Bid Widens Beyond NAND; Seagate Rallies 5%
• Positive Sentiment: The broader AI trade remained a leading market theme, supporting semiconductor and storage shares. Seagate’s recent results reinforce the bullish case: quarterly revenue rose 48.5% year over year to $3.63 billion, while EPS of $5.71 exceeded estimates and management guided to $7.10–$7.50 in fiscal first-quarter 2027 EPS. Memory, Other AI-Related Stocks Lead the Market's Top Performers Friday
• Neutral Sentiment: Director Yolanda Lee Conyers sold 750 shares for approximately $611,000, but the transaction was executed under a pre-arranged Rule 10b5-1 plan. The sale is therefore a limited signal of changing insider sentiment.
• Negative Sentiment: CEO William Mosley separately sold 30,000 shares valued at approximately $24.5 million under a 10b5-1 plan. Although he retained a substantial stake, the sizable insider sale may weigh modestly on sentiment, particularly after STX’s strong run and elevated valuation.

Seagate Technology Company 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.

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