Corient Private Wealth LP Has $24.54 Million Position in Seagate Technology Holdings PLC $STX

Key Points

• Corient Private Wealth reduced its Seagate position by 29.8% in the second quarter, selling 10,805 shares and retaining 25,430 shares valued at approximately $24.54 million. Institutional investors and hedge funds own 92.87% of the stock.
• Analyst sentiment remains favorable, with 22 Buy ratings and one Strong Buy among surveyed analysts; the consensus rating is Moderate Buy with a $986 price target. Seagate also exceeded quarterly earnings and revenue expectations, reporting $5.71 in EPS and $3.63 billion in revenue.
• Shares opened at $830.17, while recent insider selling and profit-taking following a sharp yearly gain could create near-term caution. Seagate declared a quarterly dividend of $0.74 per share, equivalent to a 0.4% annualized yield.

Corient Private Wealth LP lessened its position in Seagate Technology Holdings PLC (NASDAQ:STX - Free Report) by 29.8% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 25,430 shares of the data storage provider's stock after selling 10,805 shares during the period. Corient Private Wealth LP's holdings in Seagate Technology were worth $24,541,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of STX. NewEdge Advisors LLC increased its stake in Seagate Technology by 85.9% during the 1st quarter. NewEdge Advisors LLC now owns 22,046 shares of the data storage provider's stock worth $8,637,000 after purchasing an additional 10,190 shares in the last quarter. GLOBALT Investments LLC GA lifted its stake in Seagate Technology by 820.8% in the fourth quarter. GLOBALT Investments LLC GA now owns 9,760 shares of the data storage provider's stock valued at $2,688,000 after buying an additional 8,700 shares in the last quarter. Tredje AP fonden boosted its holdings in shares of Seagate Technology by 446.6% in the fourth quarter. Tredje AP fonden now owns 111,339 shares of the data storage provider's stock valued at $30,662,000 after buying an additional 90,968 shares during the period. USA Financial Formulas acquired a new position in shares of Seagate Technology in the first quarter valued at approximately $1,328,000. Finally, Financial Insights Inc. bought a new stake in shares of Seagate Technology during the second quarter worth $706,000. 92.87% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. JPMorgan Chase & Co. raised their price objective on shares of Seagate Technology from $1,095.00 to $1,240.00 and gave the stock an "overweight" rating in a report on Wednesday, July 29th. China Renaissance increased their target price on Seagate Technology from $802.00 to $983.00 in a report on Friday, June 12th. Weiss Ratings reissued a "buy (b)" rating on shares of Seagate Technology in a research note on Wednesday, June 24th. Susquehanna boosted their price target on Seagate Technology from $775.00 to $875.00 and gave the company a "neutral" rating in a report on Wednesday, July 29th. Finally, Argus upped their price objective on Seagate Technology from $750.00 to $900.00 and gave the stock a "buy" rating in a research report on Thursday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $986.00.

More Seagate Technology News

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

• Positive Sentiment: Analyst commentary remains constructive on Seagate’s fiscal 2027 prospects. Cloud-storage demand, growing AI workloads and the company’s HAMR technology are expected to support revenue growth exceeding fiscal 2026 levels. Can Seagate Sustain Its Strong Revenue Growth in Fiscal 2027?
• Positive Sentiment: Seagate’s recent earnings momentum and exposure to AI infrastructure continue to underpin the bullish case; the company previously exceeded quarterly EPS and revenue expectations and issued strong fiscal 2027 guidance.
• Neutral Sentiment: Management presented at the Goldman Sachs Communacopia + Technology Conference, giving investors additional commentary on the company’s strategy and demand outlook, but no major new financial catalyst was identified. Seagate Technology Holdings plc Presents at Goldman Sachs Communacopia + Technology Conference 2026
• Negative Sentiment: Storage and semiconductor stocks came under selling pressure following an AI algorithmic-efficiency breakthrough, raising concerns that improved efficiency could reduce the near-term intensity of infrastructure spending. Seagate Stock Drops Friday: What's Going On?
• Negative Sentiment: After roughly tripling during the year, Seagate stock is experiencing profit-taking as investors lock in gains. The pullback reflects elevated expectations and high valuation sensitivity across the storage group. Storage Stocks Slide as Profit Taking Follows Big Run
• Negative Sentiment: CEO William Mosley, CFO Gianluca Romano and executives John Morris and Ban Teh reported stock sales totaling about $4.7 million. The sales were relatively small compared with their remaining holdings, and Ban Teh’s transaction was executed under a pre-arranged Rule 10b5-1 plan, but the cluster of insider selling may add to short-term investor caution. SEC insider transaction filings

Insider Buying and Selling

In other news, EVP Ban Teh sold 9,862 shares of the stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $852.97, for a total value of $8,411,990.14. Following the completion of the sale, the executive vice president owned 5,210 shares of the company's stock, valued at approximately $4,443,973.70. This represents a 65.43% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Gianluca Romano sold 14,091 shares of the business's stock in a transaction on Friday, August 7th. The stock was sold at an average price of $811.25, for a total transaction of $11,431,323.75. Following the transaction, the chief financial officer owned 21,543 shares in the company, valued at approximately $17,476,758.75. The trade was a 39.54% decrease in their ownership of the stock. 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 186,731 shares of company stock valued at $157,652,942 in the last ninety days. 0.51% of the stock is owned by company insiders.

Seagate Technology Price Performance

Seagate Technology stock opened at $830.17 on Monday. The company has a market cap of $188.77 billion, a P/E ratio of 59.81 and a beta of 2.06. Seagate Technology Holdings PLC has a 1-year low of $193.32 and a 1-year high of $1,145.00. The company has a fifty day simple moving average of $848.79 and a 200 day simple moving average of $727.69. The company has a current ratio of 1.67, a quick ratio of 1.17 and a debt-to-equity ratio of 1.56.

Seagate Technology (NASDAQ:STX - Get Free Report) last issued its quarterly earnings results on Tuesday, July 28th. The data storage provider reported $5.71 EPS for the quarter, topping the consensus estimate of $5.10 by $0.61. Seagate Technology had a net margin of 26.11% and a return on equity of 369.98%. The firm had revenue of $3.63 billion for the quarter, compared to analysts' expectations of $3.50 billion. During the same period in the previous year, the firm posted $2.59 EPS. The company'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. Research analysts anticipate that Seagate Technology Holdings PLC will post 35.7 earnings per share for the current fiscal year.

Seagate Technology Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 7th. Investors of record on Thursday, September 24th will be given a dividend of $0.74 per share. The ex-dividend date of this dividend is Thursday, September 24th. This represents a $2.96 annualized dividend and a yield of 0.4%. Seagate Technology's dividend payout ratio is 21.33%.

Seagate Technology Profile

Seagate Technology Holdings plc is a data storage technology company that develops and manufactures mass-capacity storage solutions for businesses and consumers. Its product portfolio is centered on hard disk drives (HDDs), which are used in cloud data centers, enterprise systems, network-attached storage, video and imaging applications, and personal computing.

The company also offers solid-state drives (SSDs), external storage products, storage systems, and related data-management and recovery services.

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