Arista Wealth Management LLC Invests $330,000 in Seagate Technology Holdings PLC $STX

Key Points

• Arista Wealth Management opened a new position in Seagate Technology, buying 1,200 shares valued at about $330,000 in the fourth quarter.
• Institutional interest in Seagate remains strong, with several large funds significantly increasing holdings and 92.87% of the stock owned by institutions.
• Seagate beat quarterly earnings and revenue estimates, and analysts remain broadly bullish after multiple price-target increases, with the consensus rating at Moderate Buy.

Arista Wealth Management LLC acquired a new position in shares of Seagate Technology Holdings PLC (NASDAQ:STX - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 1,200 shares of the data storage provider's stock, valued at approximately $330,000.

A number of other hedge funds also recently made changes to their positions in STX. WCM Investment Management LLC purchased a new position in Seagate Technology in the 3rd quarter worth $1,187,621,000. Arrowstreet Capital Limited Partnership increased its position in shares of Seagate Technology by 1,072.5% in the third quarter. Arrowstreet Capital Limited Partnership now owns 2,949,512 shares of the data storage provider's stock valued at $696,262,000 after acquiring an additional 2,697,957 shares during the period. Massachusetts Financial Services Co. MA increased its position 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 acquiring an additional 1,883,769 shares during the period. Soroban Capital Partners LP increased its position in shares of Seagate Technology by 1,468.1% in the second quarter. Soroban Capital Partners LP now owns 1,417,600 shares of the data storage provider's stock valued at $204,602,000 after acquiring an additional 1,327,197 shares during the period. Finally, Trivest Advisors Ltd purchased a new position in shares of Seagate Technology in the third quarter valued at about $170,435,000. 92.87% of the stock is owned by institutional investors.

Insider Activity at Seagate Technology

In related news, EVP John Christopher Morris sold 5,626 shares of the stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $738.37, for a total transaction of $4,154,069.62. Following the transaction, the executive vice president owned 11,954 shares in the company, valued at $8,826,474.98. This represents a 32.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Stephanie Tilenius sold 1,580 shares of the stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $766.61, for a total transaction of $1,211,243.80. Following the transaction, the director owned 10,664 shares in the company, valued at approximately $8,175,129.04. This trade represents a 12.90% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 142,437 shares of company stock valued at $86,093,575 over the last quarter. 0.79% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

STX has been the topic of a number of analyst reports. Rosenblatt Securities boosted their price objective on shares of Seagate Technology from $500.00 to $1,000.00 and gave the company a "buy" rating in a research report on Wednesday, April 29th. Mizuho boosted their price target on shares of Seagate Technology from $565.00 to $700.00 and gave the company an "outperform" rating in a research report on Wednesday, April 29th. Citigroup boosted their target price on shares of Seagate Technology from $595.00 to $740.00 and gave the company a "buy" rating in a report on Wednesday, April 29th. Zacks Research upgraded shares of Seagate Technology from a "hold" rating to a "strong-buy" rating in a report on Friday, May 1st. Finally, Bank of America boosted their target price on shares of Seagate Technology from $840.00 to $900.00 and gave the company a "buy" rating in a report on Tuesday. One analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $746.63.

Seagate Technology Trading Up 1.2%

Shares of NASDAQ STX opened at $880.72 on Friday. The firm's 50 day moving average price is $602.56 and its 200-day moving average price is $428.87. The company has a market cap of $197.48 billion, a PE ratio of 83.56 and a beta of 1.98. Seagate Technology Holdings PLC has a 52-week low of $116.28 and a 52-week high of $905.39. The company has a debt-to-equity ratio of 3.16, a quick ratio of 0.85 and a current ratio of 1.33.

Seagate Technology (NASDAQ:STX - Get Free Report) last issued its earnings results on Tuesday, April 28th. The data storage provider reported $4.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.51 by $0.59. The firm had revenue of $3.11 billion for the quarter, compared to the consensus estimate 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 was up 44.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.90 earnings per share. Seagate Technology has set its Q4 2026 guidance at 4.800-5.200 EPS. On average, equities research analysts expect that Seagate Technology Holdings PLC will post 14.1 EPS for the current fiscal year.

Seagate Technology Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 7th. Investors of record on Wednesday, June 24th will be given a dividend of $0.74 per share. The ex-dividend date is Wednesday, June 24th. This represents a $2.96 dividend on an annualized basis and a yield of 0.3%. Seagate Technology's dividend payout ratio is 28.08%.

Seagate Technology News Summary

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

• Positive Sentiment: Barclays raised its price target on Seagate Technology Holdings PLC (STX) to $1,000 from $750 and kept an overweight rating, signaling further upside as demand remains strong. Seagate Tech (STX) Receives a Buy from Barclays
• Positive Sentiment: Multiple reports highlighted Seagate’s AI storage opportunity, with commentary pointing to accelerating hyperscale demand, HAMR adoption, and strong margin performance as key growth drivers. Seagate: Micron And SK Hynix Gave The Greenlight To Buy More
• Positive Sentiment: Seagate closed a privately negotiated exchange of $185.9 million of exchangeable notes, a balance-sheet and capital-structure move that may be viewed favorably by investors. Seagate Announces Closing of Exchanges with Holders of $185.908 Million Principal Amount of Exchangeable Notes
• Neutral Sentiment: Several articles revisited why STX has been up sharply since its last earnings report, reflecting continued investor focus on the company’s strong post-earnings momentum rather than a new catalyst. Why Is Seagate (STX) Up 35.3% Since Last Earnings Report?
• Neutral Sentiment: Seagate’s recent conference presentation and broader analyst coverage underscore ongoing optimism, but these items are more confirmatory than fresh catalysts for the stock. Seagate Technology Holdings plc Presents at TD Cowen's 54th Annual Technology, Media & Telecom Conference Transcript
• Negative Sentiment: There were no major company-specific negative headlines in the provided articles; the main risk is that the stock’s strong run could leave it vulnerable if AI storage demand or margins cool.

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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