Kestra Private Wealth Services LLC Sells 3,300 Shares of Seagate Technology Holdings PLC $STX

Key Points

• Kestra Private Wealth Services LLC reduced its Seagate stake by 12.2%, selling 3,300 shares and retaining 23,746 shares worth about $6.54 million in the most recent SEC filing.
• Seagate beat Q3 expectations (EPS $4.10 vs. $3.47; revenue $3.11B, +44% y/y) and issued very upbeat guidance (Q4 EPS $4.80–5.20), spurring analyst price‑target upgrades.
• Risk factors include a rich valuation (PE ~65.5), high leverage (debt/equity ~7.63), an anomalous negative ROE, and notable insider selling (111,550 shares, roughly $46.5M last quarter).

Kestra Private Wealth Services LLC lowered its position in shares of Seagate Technology Holdings PLC (NASDAQ:STX - Free Report) by 12.2% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 23,746 shares of the data storage provider's stock after selling 3,300 shares during the quarter. Kestra Private Wealth Services LLC's holdings in Seagate Technology were worth $6,539,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have 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 worth $610,000 after buying an additional 4,499 shares in the last quarter. Sivia Capital Partners LLC bought a new position in shares of Seagate Technology during the 2nd quarter worth approximately $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 worth $5,294,000 after buying an additional 7,517 shares in the last quarter. 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 worth $1,233,000 after buying an additional 3,358 shares in the last quarter. 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 worth $18,458,000 after buying an additional 462 shares in the last quarter. Institutional investors own 92.87% of the company's stock.

Key Stories Impacting Seagate Technology

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

• Positive Sentiment: Q3 results materially beat expectations — EPS $4.10 vs. Street ~3.47 and revenue $3.11B (up ~44% y/y); Seagate reported record margins and nearly $1B of free cash flow, supporting near‑term profitability and cash metrics. Seagate Technology Reports Fiscal Third Quarter 2026 Financial Results
• Positive Sentiment: Management issued very upbeat guidance for the next quarter — EPS guide of 4.800–5.200 and revenue guide ~$3.4–3.6B well above consensus, which underpins the AI/data‑center demand story and lifted storage peers in extended trading. Seagate forecasts upbeat quarter as AI boom powers strong data-storage demand
• Positive Sentiment: Analysts are raising targets and ratings (Bank of America, Wedbush and others lifted targets toward $700), which can support further upside if secular demand and supply dynamics persist. Wedbush raises price target on Seagate to $700
• Neutral Sentiment: Company materials and the earnings call/slide deck are available for detail; investors should review management’s commentary on product mix, inventory and customer pacing for better forward visibility. Seagate earnings transcript and materials
• Negative Sentiment: Valuation and balance‑sheet/returns flags — the stock trades at a rich multiple versus history/peers and reported an anomalous negative return on equity; Seagate also has elevated leverage metrics that could amplify downside if demand softens. SNDK, STX and WDC Forecasts – AI Hype Meets Reality
• Negative Sentiment: Short‑term market dynamics: the post‑earnings rally drew quick profit‑taking and there are voices warning that AI capex could be lumpy — any signs of customer pacing or broader tech sell‑off would likely pressure shares. Storage stocks jump as Seagate's upbeat forecast fuels confidence in AI spending

Analyst Ratings Changes

STX has been the topic of several recent analyst reports. Loop Capital lifted their target price on shares of Seagate Technology from $700.00 to $800.00 and gave the stock a "buy" rating in a research report on Thursday, April 23rd. Cantor Fitzgerald raised their price target on shares of Seagate Technology from $500.00 to $650.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 4th. Wells Fargo & Company raised their price target on shares of Seagate Technology from $360.00 to $450.00 and gave the stock an "equal weight" rating in a research note on Wednesday, January 28th. Zacks Research lowered shares of Seagate Technology from a "strong-buy" rating to a "hold" rating in a research note on Monday, March 30th. Finally, Weiss Ratings restated a "buy (b)" rating on shares of Seagate Technology in a research note on Friday, March 27th. Twenty research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $535.58.

Insider Activity at Seagate Technology

In other news, Director Jay L. Geldmacher sold 925 shares of the stock in a transaction on Friday, January 30th. The shares were sold at an average price of $448.02, for a total value of $414,418.50. Following the transaction, the director owned 223 shares of the company's stock, valued at $99,908.46. This represents a 80.57% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Kian Fatt Chong sold 5,846 shares of the stock in a transaction on Monday, February 23rd. The stock was sold at an average price of $416.48, for a total transaction of $2,434,742.08. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 111,550 shares of company stock worth $46,476,441 over the last quarter. 0.79% of the stock is currently owned by corporate insiders.

Seagate Technology Stock Performance

NASDAQ STX opened at $579.03 on Wednesday. Seagate Technology Holdings PLC has a 1 year low of $81.22 and a 1 year high of $607.89. The company has a debt-to-equity ratio of 7.63, a current ratio of 1.12 and a quick ratio of 0.72. The stock has a market capitalization of $126.27 billion, a PE ratio of 65.50, a P/E/G ratio of 0.99 and a beta of 1.61. The company's 50 day simple moving average is $444.55 and its two-hundred day simple moving average is $351.81.

Seagate Technology (NASDAQ:STX - Get Free Report) last posted its earnings results on Tuesday, April 28th. The data storage provider reported $4.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.47 by $0.63. Seagate Technology had a net margin of 19.59% and a negative return on equity of 936.38%. The business had revenue of $3.11 billion for the quarter, compared to analysts' expectations of $2.94 billion. During the same period in the prior year, the company posted $1.90 EPS. The business's revenue for the quarter was up 44.1% compared to the same quarter last year. Seagate Technology has set its Q4 2026 guidance at 4.800-5.200 EPS. Analysts predict that Seagate Technology Holdings PLC will post 12.13 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 Tuesday, July 7th. Stockholders of record on Wednesday, June 24th will be issued a $0.74 dividend. 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 0.5%. Seagate Technology's dividend payout ratio is presently 33.48%.

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.

Want to see what other hedge funds are holding STX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Seagate Technology Holdings PLC (NASDAQ:STX - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.