Integrated Wealth Concepts LLC Reduces Holdings in Seagate Technology Holdings PLC $STX

Key Points

• Integrated Wealth Concepts LLC cut its Seagate Technology stake by 12.8% in the second quarter, selling 1,166 shares and retaining 7,959 shares worth approximately $7.68 million. Institutional investors still own 92.87% of the company.
• Seagate insiders sold 181,299 shares worth about $153 million over the past 90 days, including significant sales by the CFO and an executive vice president under pre-arranged trading plans.
• Analyst sentiment remains favorable, with a consensus “Moderate Buy” rating and an average price target of $986. The company recently beat quarterly estimates with $5.71 EPS and $3.63 billion in revenue, up 48.5% year over year, while benefiting from AI and cloud-storage demand.

Integrated Wealth Concepts LLC decreased its position in shares of Seagate Technology Holdings PLC (NASDAQ:STX - Free Report) by 12.8% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 7,959 shares of the data storage provider's stock after selling 1,166 shares during the quarter. Integrated Wealth Concepts LLC's holdings in Seagate Technology were worth $7,680,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in STX. Retirement Wealth Solutions LLC boosted its position in Seagate Technology by 70.6% during the second quarter. Retirement Wealth Solutions LLC now owns 29 shares of the data storage provider's stock worth $28,000 after purchasing an additional 12 shares during the period. Jones Financial Companies Lllp purchased a new position in shares of Seagate Technology in the second quarter worth about $39,000. Trust Co. of Vermont bought a new stake in shares of Seagate Technology in the second quarter valued at approximately $54,000. Triumph Capital Management raised its position in shares of Seagate Technology by 93.5% in the second quarter. Triumph Capital Management now owns 60 shares of the data storage provider's stock valued at $58,000 after purchasing an additional 29 shares during the period. Finally, Cornerstone Financial Management LLC lifted its stake in shares of Seagate Technology by 109.7% during the 2nd quarter. Cornerstone Financial Management LLC now owns 65 shares of the data storage provider's stock valued at $63,000 after buying an additional 34 shares in the last quarter. Hedge funds and other institutional investors own 92.87% of the company's stock.

Insiders Place Their Bets

In other Seagate Technology news, CFO Gianluca Romano sold 14,091 shares of the firm's stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $811.25, for a total value of $11,431,323.75. Following the sale, the chief financial officer owned 21,543 shares of the company's stock, valued at $17,476,758.75. This trade represents a 39.54% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Ban Teh sold 9,862 shares of Seagate Technology stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $852.97, for a total value of $8,411,990.14. Following the sale, the executive vice president owned 5,210 shares of the company's stock, valued at approximately $4,443,973.70. This trade represents a 65.43% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 181,299 shares of company stock valued at $152,971,204 over the last 90 days. 0.79% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research firms recently commented on STX. Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $1,300.00 price objective on shares of Seagate Technology in a report on Wednesday, July 29th. Zacks Research raised shares of Seagate Technology from a "hold" rating to a "strong-buy" rating in a report on Tuesday, July 28th. Argus increased their target price on Seagate Technology from $750.00 to $900.00 and gave the stock a "buy" rating in a research report on Thursday, July 30th. Wells Fargo & Company raised their price target on Seagate Technology from $1,100.00 to $1,180.00 and gave the stock an "overweight" rating in a report on Wednesday, July 29th. Finally, Mizuho lifted their price target on Seagate Technology from $875.00 to $1,090.00 and gave the company an "outperform" rating in a research report on Monday, June 8th. One analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, Seagate Technology currently has a consensus rating of "Moderate Buy" and an average price target of $986.00.

Seagate Technology Stock Performance

Seagate Technology stock opened at $862.33 on Friday. The firm's 50 day simple moving average is $848.58 and its 200 day simple moving average is $724.71. The company has a current ratio of 1.67, a quick ratio of 1.17 and a debt-to-equity ratio of 1.56. The firm has a market capitalization of $196.09 billion, a PE ratio of 62.13 and a beta of 2.06. Seagate Technology Holdings PLC has a 1-year low of $192.99 and a 1-year high of $1,145.00.

Seagate Technology (NASDAQ:STX - Get Free Report) last posted its earnings results on Tuesday, July 28th. The data storage provider reported $5.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.10 by $0.61. The business had revenue of $3.63 billion for the quarter, compared to analysts' expectations of $3.50 billion. Seagate Technology had a net margin of 26.11% and a return on equity of 369.98%. The business's revenue for the quarter was up 48.5% compared to the same quarter last year. During the same period in the prior year, the company posted $2.59 EPS. Seagate Technology has set its Q1 2027 guidance at 7.100-7.500 EPS. As a group, analysts expect that Seagate Technology Holdings PLC will post 35.7 earnings per share for the current fiscal year.

Seagate Technology Dividend Announcement

The firm also recently announced 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. This represents a $2.96 annualized dividend and a yield of 0.3%. The ex-dividend date is Thursday, September 24th. Seagate Technology's payout ratio is presently 21.33%.

Seagate Technology News Roundup

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

• Positive Sentiment: Seagate expects fiscal 2027 revenue growth to exceed fiscal 2026, supported by cloud-computing demand, AI adoption and broader deployment of HAMR-based mass-capacity drives. Can Seagate Sustain Its Strong Revenue Growth in Fiscal 2027?
• Positive Sentiment: Articles highlight Seagate’s HAMR and Mozaic technology roadmap, which is increasing storage capacity and efficiency while positioning the company to benefit from rising data-center requirements. Seagate's HAMR Bet is Paying Off
• Positive Sentiment: Investor commentary continues to identify Seagate as an AI-infrastructure beneficiary. The company’s recent earnings beat—$5.71 in quarterly EPS versus a $5.10 consensus estimate, with revenue up 48.5% year over year—supports the bullish case. The Two Most Compelling AI Infrastructure Plays Right Now
• Positive Sentiment: Management’s presentations at the Goldman Sachs and Citi technology conferences reinforce market attention on Seagate’s cloud, AI and HAMR opportunities. Goldman Sachs Communacopia + Technology Conference Transcript
• Neutral Sentiment: Seagate completed the redemption of its exchangeable notes, an event that removes a financing obligation but may have limited immediate earnings impact. Seagate Completes Redemption of Exchangeable Notes
• Negative Sentiment: At roughly 62 times earnings and near its historical high, Seagate faces demanding expectations. Commentary about a possible move to $1,000 depends on continued AI demand, successful HAMR execution and sufficient production capacity. Price Prediction: Seagate Stock Will Hit $1000
• Negative Sentiment: The reported short-interest data shows zero shares and a zero-day days-to-cover ratio, but the accompanying “increase” is shown as unavailable, making the data unreliable and offering little useful insight into trading pressure.

About Seagate Technology

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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