Blankinship & Foster LLC Has $547,000 Stake in Seagate Technology Holdings PLC $STX

Key Points

• Blankinship & Foster LLC cut its Seagate Technology position by 45.7% in the first quarter, leaving it with 1,397 shares valued at about $547,000.
• Seagate reported strong quarterly results, posting EPS of $4.10 versus estimates of $3.51 and revenue of $3.11 billion versus expectations of $2.96 billion, while also guiding Q4 2026 EPS to 4.8-5.2.
• Wall Street remains bullish on STX: analysts have an average “Moderate Buy” rating with an average target price of $831.79, even as insiders recently sold shares and the company declared a quarterly dividend of $0.74 per share.

Blankinship & Foster LLC reduced its position in shares of Seagate Technology Holdings PLC (NASDAQ:STX - Free Report) by 45.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,397 shares of the data storage provider's stock after selling 1,177 shares during the quarter. Blankinship & Foster LLC's holdings in Seagate Technology were worth $547,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Sovereign Financial Group Inc. increased its stake in shares of Seagate Technology by 19.7% during the 1st quarter. Sovereign Financial Group Inc. now owns 1,272 shares of the data storage provider's stock worth $498,000 after purchasing an additional 209 shares during the last quarter. Athena Wealth Management LLC lifted its stake in Seagate Technology by 38.7% in the 1st quarter. Athena Wealth Management LLC now owns 2,939 shares of the data storage provider's stock valued at $1,151,000 after purchasing an additional 820 shares during the last quarter. Anchyra Partners LLC bought a new position in Seagate Technology during the first quarter worth about $289,000. Brookstone Capital Management grew its holdings in Seagate Technology by 32.9% during the first quarter. Brookstone Capital Management now owns 16,185 shares of the data storage provider's stock worth $6,341,000 after purchasing an additional 4,009 shares during the period. Finally, Evolve Private Wealth LLC increased its position in Seagate Technology by 238.2% during the first quarter. Evolve Private Wealth LLC now owns 3,859 shares of the data storage provider's stock worth $1,512,000 after buying an additional 2,718 shares during the last quarter. Institutional investors and hedge funds own 92.87% of the company's stock.

Seagate Technology Price Performance

Seagate Technology stock opened at $1,094.04 on Tuesday. The company has a market capitalization of $245.32 billion, a price-to-earnings ratio of 103.80 and a beta of 2.04. The company has a current ratio of 1.33, a quick ratio of 0.85 and a debt-to-equity ratio of 3.16. Seagate Technology Holdings PLC has a 12 month low of $130.92 and a 12 month high of $1,145.00. The stock's 50 day moving average is $781.00 and its 200-day moving average is $510.69.

Seagate Technology (NASDAQ:STX - Get Free Report) last released its quarterly earnings results on Tuesday, April 28th. The data storage provider reported $4.10 earnings per share for the quarter, topping the consensus estimate of $3.51 by $0.59. The business had revenue of $3.11 billion during the quarter, compared to analysts' expectations of $2.96 billion. Seagate Technology had a return on equity of 1,005.65% and a net margin of 21.60%.The firm's revenue for the quarter was up 44.1% compared to the same quarter last year. During the same period last year, the firm posted $1.90 EPS. Seagate Technology has set its Q4 2026 guidance at 4.800-5.200 EPS. Equities research analysts expect that Seagate Technology Holdings PLC will post 14.14 EPS for the current year.

Seagate Technology Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 7th. Stockholders of record on Wednesday, June 24th will be issued a dividend of $0.74 per share. The ex-dividend date of this dividend is Wednesday, June 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 currently 28.08%.

Wall Street Analysts Forecast Growth

STX has been the topic of several research analyst reports. Argus upped their price objective on Seagate Technology from $450.00 to $750.00 and gave the company a "buy" rating in a research note on Thursday, April 30th. China Renaissance boosted their target price on Seagate Technology from $802.00 to $983.00 in a report on Friday, June 12th. Evercore increased their price target on Seagate Technology from $750.00 to $1,000.00 and gave the company an "outperform" rating in a research note on Tuesday, May 12th. Mizuho raised their price target on Seagate Technology from $875.00 to $1,090.00 and gave the company an "outperform" rating in a report on Monday, June 8th. Finally, Zacks Research raised shares of Seagate Technology from a "hold" rating to a "strong-buy" rating in a research report on Friday, May 1st. One investment analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and five have given a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $831.79.

Insider Buying and Selling

In other Seagate Technology news, EVP John Christopher Morris sold 1,364 shares of Seagate Technology stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $880.19, for a total value of $1,200,579.16. Following the completion of the sale, the executive vice president owned 12,088 shares in the company, valued at $10,639,736.72. The trade was a 10.14% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Gianluca Romano sold 903 shares of the business's stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $880.19, for a total transaction of $794,811.57. Following the completion of the sale, the chief financial officer directly owned 42,860 shares of the company's stock, valued at $37,724,943.40. This represents a 2.06% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 141,069 shares of company stock valued at $107,161,712 in the last 90 days. 0.79% of the stock is currently owned by corporate insiders.

About Seagate Technology

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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