Navellier & Associates Inc. Purchases 2,887 Shares of Seagate Technology Holdings PLC $STX

Navellier & Associates Inc. grew its position in shares of Seagate Technology Holdings PLC (NASDAQ:STX - Free Report) by 6.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 47,267 shares of the data storage provider's stock after buying an additional 2,887 shares during the quarter. Seagate Technology makes up about 3.6% of Navellier & Associates Inc.'s investment portfolio, making the stock its 2nd biggest position. Navellier & Associates Inc.'s holdings in Seagate Technology were worth $45,613,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Jones Financial Companies Lllp acquired a new position in shares of Seagate Technology in the 2nd quarter worth approximately $39,000. Trust Co. of Vermont acquired a new stake in Seagate Technology during the 2nd quarter valued at $54,000. Annis Gardner Whiting Capital Advisors LLC increased its holdings in Seagate Technology by 23.1% during the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 80 shares of the data storage provider's stock valued at $31,000 after purchasing an additional 15 shares in the last quarter. WealthCollab LLC raised its position in Seagate Technology by 27.4% in the 1st quarter. WealthCollab LLC now owns 93 shares of the data storage provider's stock valued at $36,000 after purchasing an additional 20 shares during the last quarter. Finally, Catalyst Capital Advisors LLC acquired a new position in Seagate Technology in the first quarter worth $39,000. Institutional investors and hedge funds own 92.87% of the company's stock.

Insiders Place Their Bets

In other news, CEO William D. Mosley sold 18,138 shares of the business's stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $849.35, for a total transaction of $15,405,510.30. Following the completion of the transaction, the chief executive officer directly owned 298,483 shares in the company, valued at approximately $253,516,536.05. The trade was a 5.73% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP John Christopher Morris sold 3,516 shares of the company's stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $849.35, for a total value of $2,986,314.60. Following the completion of the sale, the executive vice president directly owned 12,805 shares of the company's stock, valued at approximately $10,875,926.75. This trade represents a 21.54% decrease in their ownership of the stock. 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 a total of 193,765 shares of company stock valued at $166,634,842 in the last ninety days. 0.79% of the stock is currently owned by insiders.

Seagate Technology Price Performance

Shares of STX stock opened at $829.76 on Friday. Seagate Technology Holdings PLC has a 52-week low of $163.86 and a 52-week high of $1,145.00. The stock has a market cap of $188.07 billion, a PE ratio of 59.78 and a beta of 2.06. The company has a debt-to-equity ratio of 1.56, a quick ratio of 1.17 and a current ratio of 1.67. The firm's 50 day moving average price is $870.89 and its two-hundred day moving average price is $695.65.

Seagate Technology (NASDAQ:STX - Get Free Report) last issued its earnings results on Tuesday, July 28th. The data storage provider reported $5.71 EPS for the quarter, beating the consensus estimate of $5.10 by $0.61. The company had revenue of $3.63 billion during 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 quarter in the previous 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 forecast that Seagate Technology Holdings PLC will post 35.7 EPS for the current year.

Seagate Technology Announces Dividend

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

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. Evercore increased their target price on Seagate Technology from $750.00 to $1,000.00 and gave the stock an "outperform" rating in a report on Tuesday, May 12th. Wall Street Zen cut Seagate Technology from a "strong-buy" rating to a "buy" rating in a report on Saturday, August 15th. Argus increased their price objective on shares of Seagate Technology from $750.00 to $900.00 and gave the stock a "buy" rating in a report on Thursday, July 30th. Zacks Research raised shares of Seagate Technology from a "hold" rating to a "strong-buy" rating in a report on Tuesday, July 28th. Finally, Weiss Ratings restated a "buy (b)" rating on shares of Seagate Technology in a research report on Wednesday, June 24th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, Seagate Technology currently has a consensus rating of "Moderate Buy" and an average target price of $986.00.

Trending Headlines about Seagate Technology

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

• Positive Sentiment: One bullish analysis argues that the pullback creates an attractive entry point, with strong hyperscaler demand, increasing adoption of Seagate’s heat-assisted magnetic recording (HAMR) technology and improving margins supporting continued earnings growth. The article estimates as much as 36% potential upside. Seagate buy-the-dip analysis
• Positive Sentiment: NVIDIA’s strong quarterly results and continuing AI infrastructure spending were cited as potential catalysts for storage companies, including STX. Rising data-center workloads could increase demand for Seagate’s high-capacity hard drives. Zacks storage stocks analysis
• Positive Sentiment: Seagate accepted Change Agents Corporation into its partner program, expanding access to its AI infrastructure ecosystem. The announcement is strategically supportive, although the immediate financial contribution is not disclosed. Seagate Partner Program announcement
• Neutral Sentiment: Management’s upcoming investor appearances, including The Six Five Summit: AI Unleashed 2026, could provide additional details on AI-related products, partnerships and demand, but no new financial guidance was announced. Six Five Summit presentation
• Negative Sentiment: A more cautious Seeking Alpha view says it is not yet time to be aggressive, warning that consolidation may continue after STX’s major run-up. The stock’s elevated valuation and high volatility leave it vulnerable to profit-taking if growth expectations moderate. Seagate consolidation analysis
• Negative Sentiment: Executive James Ci Lee sold 9,013 shares worth approximately $7.16 million, reducing his direct position by more than 96%. The sale occurred under a pre-arranged Rule 10b5-1 plan, which limits its value as a discretionary bearish signal but may still weigh on sentiment. SEC insider sale filing

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.

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.

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