Annex Advisory Services LLC Grows Position in Seagate Technology Holdings PLC $STX

Key Points

• Annex Advisory Services increased its stake in Seagate by 573.7%, adding 5,703 shares to hold 6,697 shares worth approximately $1.844 million at the end of the quarter amid a 92.87% institutional ownership base.
• Insiders have been net sellers, offloading 112,223 shares worth about $46.7 million in the last quarter (including sales by Director Jay L. Geldmacher and EVP James Ci Lee), leaving insiders with roughly 0.79% ownership.
• Seagate beat expectations with EPS of $3.11 versus $2.77 consensus and revenue up 21.5% to $2.83 billion, gave Q3 2026 guidance of $3.20–$3.60 EPS, and has seen multiple analyst price-target increases leading to a consensus "Moderate Buy" and an average target of $491.

Annex Advisory Services LLC lifted its holdings in shares of Seagate Technology Holdings PLC (NASDAQ:STX - Free Report) by 573.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,697 shares of the data storage provider's stock after buying an additional 5,703 shares during the period. Annex Advisory Services LLC's holdings in Seagate Technology were worth $1,844,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of STX. Rakuten Securities Inc. boosted its position in shares of Seagate Technology by 884.2% during the second quarter. Rakuten Securities Inc. now owns 187 shares of the data storage provider's stock valued at $27,000 after buying an additional 168 shares during the last quarter. Armstrong Advisory Group Inc. purchased a new position in Seagate Technology in the fourth quarter worth about $28,000. Avion Wealth boosted its position in Seagate Technology by 343.5% in the fourth quarter. Avion Wealth now owns 102 shares of the data storage provider's stock worth $28,000 after purchasing an additional 79 shares during the last quarter. First Horizon Corp purchased a new position in Seagate Technology in the third quarter worth about $33,000. Finally, Raiffeisen Bank International AG purchased a new position in Seagate Technology in the third quarter worth about $33,000. 92.87% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Seagate Technology

In other news, Director Jay L. Geldmacher sold 925 shares of Seagate Technology stock in a transaction that occurred on Friday, January 30th. The stock was sold at an average price of $448.02, for a total value of $414,418.50. Following the completion of the transaction, the director owned 223 shares in the company, valued at approximately $99,908.46. The trade was a 80.57% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP James Ci Lee sold 673 shares of Seagate Technology stock in a transaction that occurred on Monday, January 26th. The stock was sold at an average price of $348.85, for a total value of $234,776.05. Following the completion of the transaction, the executive vice president owned 257 shares of the company's stock, valued at approximately $89,654.45. This trade represents a 72.37% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 112,223 shares of company stock worth $46,711,217. 0.79% of the stock is currently owned by corporate insiders.

Seagate Technology Stock Performance

NASDAQ:STX opened at $519.60 on Thursday. The company has a debt-to-equity ratio of 7.63, a current ratio of 1.12 and a quick ratio of 0.72. Seagate Technology Holdings PLC has a 1 year low of $71.29 and a 1 year high of $534.23. The stock's 50 day simple moving average is $417.64 and its two-hundred day simple moving average is $330.11. The company has a market cap of $113.31 billion, a price-to-earnings ratio of 58.78, a PEG ratio of 1.16 and a beta of 1.61.

Seagate Technology (NASDAQ:STX - Get Free Report) last released its quarterly earnings data on Tuesday, January 27th. The data storage provider reported $3.11 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.77 by $0.34. Seagate Technology had a negative return on equity of 936.38% and a net margin of 19.59%.The business had revenue of $2.83 billion for the quarter, compared to the consensus estimate of $2.73 billion. During the same quarter in the previous year, the company posted $2.03 EPS. The company's revenue was up 21.5% compared to the same quarter last year. Seagate Technology has set its Q3 2026 guidance at 3.200-3.600 EPS. As a group, equities analysts anticipate that Seagate Technology Holdings PLC will post 6.83 earnings per share for the current fiscal year.

Seagate Technology Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 8th. Stockholders of record on Wednesday, March 25th were issued a $0.74 dividend. The ex-dividend date was Wednesday, March 25th. This represents a $2.96 dividend on an annualized basis and a dividend yield of 0.6%. Seagate Technology's payout ratio is 33.48%.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. JPMorgan Chase & Co. assumed coverage on Seagate Technology in a research note on Monday, March 30th. They issued an "overweight" rating and a $525.00 price objective on the stock. Rosenblatt Securities raised their price objective on Seagate Technology from $370.00 to $500.00 and gave the stock a "buy" rating in a research note on Wednesday, January 28th. Citigroup raised their price objective on Seagate Technology from $480.00 to $595.00 and gave the stock a "buy" rating in a research note on Monday. Wells Fargo & Company raised their price objective on Seagate Technology from $360.00 to $450.00 and gave the stock an "equal weight" rating in a research note on Wednesday, January 28th. Finally, Morgan Stanley raised their price objective on Seagate Technology from $468.00 to $582.00 and gave the stock an "overweight" rating in a research note on Monday, April 6th. Nineteen analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $491.00.

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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