Bingham Private Wealth LLC Takes $654,000 Position in Seagate Technology Holdings PLC $STX

Key Points

• Bingham Private Wealth LLC opened a new position in Seagate (2,374 shares, ~ $654,000) during Q4, and institutional investors now own about 92.87% of the company's stock.
• Seagate posted a quarter-beating $3.11 EPS (vs. $2.77 est.) and $2.83B revenue (up 21.5% YoY), issued Q3 FY2026 EPS guidance of $3.20–3.60, and enjoys broad analyst optimism (consensus "Moderate Buy", average target ~$491) with multiple firms raising price targets.
• Market enthusiasm and strategic moves (sale of Lyve Cloud) contrast with a stretched valuation (P/E ~60.3) and notable insider selling—~112,223 shares (~$46.7M) sold in the past 90 days—highlighting potential downside risk if results disappoint.

Bingham Private Wealth LLC acquired a new stake in Seagate Technology Holdings PLC (NASDAQ:STX - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 2,374 shares of the data storage provider's stock, valued at approximately $654,000.

A number of other institutional investors also recently modified their holdings of STX. Integrated Wealth Concepts LLC lifted its position in shares of Seagate Technology by 168.0% during the 1st quarter. Integrated Wealth Concepts LLC now owns 7,177 shares of the data storage provider's stock valued at $610,000 after acquiring an additional 4,499 shares during the period. Sivia Capital Partners LLC acquired a new position in shares of Seagate Technology during the 2nd quarter valued at $262,000. Cerity Partners LLC lifted its position in shares of Seagate Technology by 25.8% during the 2nd quarter. Cerity Partners LLC now owns 36,682 shares of the data storage provider's stock valued at $5,294,000 after acquiring an additional 7,517 shares during the period. Sei Investments Co. lifted its position in shares of Seagate Technology by 64.8% during the 2nd quarter. Sei Investments Co. now owns 8,543 shares of the data storage provider's stock valued at $1,233,000 after acquiring an additional 3,358 shares during the period. Finally, The Manufacturers Life Insurance Company lifted its position in shares of Seagate Technology by 0.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 127,887 shares of the data storage provider's stock valued at $18,458,000 after acquiring an additional 462 shares during the period. Institutional investors and hedge funds own 92.87% of the company's stock.

Seagate Technology Price Performance

STX opened at $533.44 on Wednesday. The firm has a market cap of $116.33 billion, a P/E ratio of 60.34, a PEG ratio of 1.11 and a beta of 1.61. The firm has a 50-day moving average of $415.62 and a 200 day moving average of $328.78. The company has a debt-to-equity ratio of 7.63, a quick ratio of 0.72 and a current ratio of 1.12. Seagate Technology Holdings PLC has a fifty-two week low of $71.29 and a fifty-two week high of $534.23.

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

Seagate Technology Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 8th. Investors of record on Wednesday, March 25th were given a dividend of $0.74 per share. The ex-dividend date was Wednesday, March 25th. This represents a $2.96 annualized dividend and a yield of 0.6%. Seagate Technology's dividend payout ratio is presently 33.48%.

Analyst Ratings Changes

STX has been the topic of a number of research reports. Loop Capital boosted their target price on shares of Seagate Technology from $465.00 to $700.00 and gave the company a "buy" rating in a research report on Monday, February 9th. Susquehanna boosted their target price on shares of Seagate Technology from $420.00 to $485.00 and gave the company a "neutral" rating in a research report on Friday, April 10th. Robert W. Baird boosted their target price on shares of Seagate Technology from $270.00 to $505.00 and gave the company an "outperform" rating in a research report on Thursday, January 29th. Benchmark boosted their target price on shares of Seagate Technology from $255.00 to $325.00 and gave the company a "buy" rating in a research report on Tuesday, December 16th. Finally, Weiss Ratings restated a "buy (b)" rating on shares of Seagate Technology in a report on Friday, March 27th. Nineteen investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $491.00.

Insider Activity at Seagate Technology

In related news, Director Jay L. Geldmacher sold 925 shares of the stock in a transaction dated Friday, January 30th. The shares were sold at an average price of $448.02, for a total transaction of $414,418.50. Following the completion of the transaction, the director owned 223 shares in the company, valued at approximately $99,908.46. This represents a 80.57% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Kian Fatt Chong sold 5,846 shares of the stock in a transaction dated Monday, February 23rd. The stock was sold at an average price of $416.48, for a total transaction of $2,434,742.08. The disclosure for this sale is available in the SEC filing. Insiders have sold 112,223 shares of company stock valued at $46,711,217 in the last 90 days. 0.79% of the stock is currently owned by company insiders.

More Seagate Technology News

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

• Positive Sentiment: Citi raised its price target and reiterated a Buy, citing AI-driven data demand that strengthens storage pricing and revenue outlooks — a major analyst endorsement supporting the rally. Read More.
• Positive Sentiment: Seagate sold its Lyve Cloud business to Wasabi and took a shareholder stake, exiting direct cloud operations to double down on HDD growth (HAMR/Mozaic platforms). That sharpens capital allocation toward higher-margin, mass-capacity hardware — a strategic move investors view positively. Read More.
• Neutral Sentiment: Seagate will report fiscal Q3 2026 results after the close on April 28; the print and conference call are near-term catalysts that could reinforce or reverse current sentiment depending on revenue, margins and guidance. Read More.
• Neutral Sentiment: Coverage comparing Seagate to Western Digital highlights competitive dynamics in the AI-driven storage boom; some analysts prefer WDC on valuation/returns, which moderates upside narratives for STX. Read More.
• Negative Sentiment: Several pieces ask whether recent sharp gains leave Seagate overextended — noting big short‑ and medium‑term returns and higher multiples. Elevated valuation raises downside risk if earnings/guidance disappoint. Read More.
• Neutral Sentiment: Multiple outlets have raised price targets (various reports of $485–$595), reflecting broad analyst optimism tied to storage pricing and AI demand; this supports momentum but implies expectations are now higher. Read More.

Seagate Technology 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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