Global Retirement Partners LLC Acquires 1,375 Shares of Seagate Technology Holdings PLC $STX

Key Points

• Global Retirement Partners LLC increased its Seagate Technology stake by 154.8% in the fourth quarter, buying 1,375 additional shares and bringing its total holding to 2,263 shares valued at about $623,000.
• Seagate reported strong quarterly earnings, with EPS of $4.10 beating estimates and revenue of $3.11 billion topping expectations; revenue also rose 44.1% year over year.
• Despite some insider selling, Wall Street remains broadly bullish on STX, with multiple firms raising price targets and the consensus rating standing at Moderate Buy.

Global Retirement Partners LLC boosted its holdings in shares of Seagate Technology Holdings PLC (NASDAQ:STX - Free Report) by 154.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,263 shares of the data storage provider's stock after purchasing an additional 1,375 shares during the quarter. Global Retirement Partners LLC's holdings in Seagate Technology were worth $623,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. WCM Investment Management LLC bought a new stake in shares of Seagate Technology in the 3rd quarter worth approximately $1,187,621,000. Arrowstreet Capital Limited Partnership lifted its position in shares of Seagate Technology by 1,072.5% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 2,949,512 shares of the data storage provider's stock worth $696,262,000 after acquiring an additional 2,697,957 shares during the period. Massachusetts Financial Services Co. MA lifted its position in shares of Seagate Technology by 1,510.1% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 2,008,516 shares of the data storage provider's stock worth $553,125,000 after acquiring an additional 1,883,769 shares during the period. Soroban Capital Partners LP lifted its position in shares of Seagate Technology by 1,468.1% in the 2nd quarter. Soroban Capital Partners LP now owns 1,417,600 shares of the data storage provider's stock worth $204,602,000 after acquiring an additional 1,327,197 shares during the period. Finally, Trivest Advisors Ltd bought a new stake in shares of Seagate Technology in the 3rd quarter worth approximately $170,435,000. Institutional investors own 92.87% of the company's stock.

Seagate Technology Stock Up 2.9%

NASDAQ STX opened at $870.66 on Thursday. The stock has a fifty day moving average of $593.37 and a 200-day moving average of $424.63. The stock has a market capitalization of $195.23 billion, a P/E ratio of 82.61 and a beta of 1.98. Seagate Technology Holdings PLC has a 52 week low of $116.28 and a 52 week high of $888.95. 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 released its earnings results on Tuesday, April 28th. The data storage provider reported $4.10 EPS for the quarter, beating the consensus estimate of $3.51 by $0.59. The company 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 business's revenue for the quarter was up 44.1% on a year-over-year basis. During the same period last year, the firm earned $1.90 EPS. Seagate Technology has set its Q4 2026 guidance at 4.800-5.200 EPS. On average, equities research analysts forecast that Seagate Technology Holdings PLC will post 14.1 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 paid a $0.74 dividend. This represents a $2.96 annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend is Wednesday, June 24th. Seagate Technology's dividend payout ratio (DPR) is 28.08%.

Insider Buying and Selling

In other news, Director Stephanie Tilenius sold 1,580 shares of Seagate Technology stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $766.61, for a total value of $1,211,243.80. Following the completion of the sale, the director directly owned 10,664 shares of the company's stock, valued at approximately $8,175,129.04. This trade represents a 12.90% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Gianluca Romano sold 1,902 shares of Seagate Technology stock in a transaction on Thursday, May 7th. The stock was sold at an average price of $770.00, for a total value of $1,464,540.00. Following the sale, the chief financial officer directly owned 40,945 shares of the company's stock, valued at approximately $31,527,650. This trade represents a 4.44% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 142,437 shares of company stock worth $86,093,575. 0.79% of the stock is currently owned by company insiders.

Trending Headlines about Seagate Technology

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

• Positive Sentiment: Barclays raised its price target on Seagate Technology to $1,000 from $750 and reiterated an overweight rating, signaling continued confidence in the company’s growth outlook and suggesting more upside potential for the shares. Benzinga
• Positive Sentiment: Analysts are highlighting Seagate’s AI-driven storage demand, strong cash flow, and HAMR technology as key growth drivers, with comparisons suggesting STX is better positioned than some peers facing softer IT spending and cloud headwinds. Zacks
• Positive Sentiment: A Zacks piece on memory and storage stocks points to booming AI demand and tighter chip supply as supportive for Seagate, reinforcing the bullish narrative around storage hardware beneficiaries. Zacks
• Neutral Sentiment: Seagate presented at TD Cowen’s technology conference, but no major new catalyst was included in the transcript headline alone, so the near-term stock impact appears limited unless management offered fresh guidance or commentary. Seeking Alpha
• Neutral Sentiment: Seagate’s note exchange activity to retire some convertible debt could improve its capital structure, but the deal also used ordinary shares, making the overall market reaction less clear. Yahoo Finance
• Negative Sentiment: The same debt-related article notes insider selling under pre-arranged plans, which can sometimes weigh on sentiment even if the sales are not necessarily a sign of trouble. Yahoo Finance

Wall Street Analyst Weigh In

A number of brokerages have commented on STX. Sanford C. Bernstein raised their price objective on Seagate Technology from $620.00 to $1,000.00 and gave the stock an "outperform" rating in a research report on Wednesday, April 29th. Wall Street Zen upgraded Seagate Technology from a "hold" rating to a "buy" rating in a research report on Saturday, May 2nd. Bank of America raised their price objective on Seagate Technology from $840.00 to $900.00 and gave the stock a "buy" rating in a research report on Tuesday. JPMorgan Chase & Co. raised their price objective on Seagate Technology from $525.00 to $775.00 and gave the stock an "overweight" rating in a research report on Wednesday, April 29th. Finally, UBS Group raised their price objective on Seagate Technology from $515.00 to $545.00 and gave the stock a "neutral" rating in a research report on Wednesday, April 29th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and four have assigned a Hold rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $746.63.

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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