NorthRock Partners LLC Has $3.56 Million Stake in Seagate Technology Holdings PLC $STX

Key Points

• NorthRock Partners increased its Seagate stake by 197.6% in the second quarter, owning 3,690 shares valued at approximately $3.56 million. Institutional investors collectively hold 92.87% of Seagate’s stock.
• Analysts maintain a bullish outlook, with Seagate receiving a “Moderate Buy” consensus rating and an average price target of $986. The company also exceeded quarterly earnings and revenue estimates, reporting $5.71 in EPS and $3.63 billion in revenue, up 48.5% year over year.
• Seagate shares remain highly valued after a major rally, trading near $886 with a price-to-earnings ratio of 63.83, while insiders have sold more than $157 million of stock over the past three months. AI data-center demand and the company’s HAMR and Mozaic technologies continue to support the long-term growth narrative.

NorthRock Partners LLC raised its stake in shares of Seagate Technology Holdings PLC (NASDAQ:STX - Free Report) by 197.6% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 3,690 shares of the data storage provider's stock after purchasing an additional 2,450 shares during the quarter. NorthRock Partners LLC's holdings in Seagate Technology were worth $3,561,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in STX. Rakuten Securities Inc. increased its stake in Seagate Technology by 884.2% during the second quarter. Rakuten Securities Inc. now owns 187 shares of the data storage provider's stock valued at $27,000 after acquiring an additional 168 shares during the period. Retirement Wealth Solutions LLC raised its holdings in Seagate Technology by 70.6% in the 2nd quarter. Retirement Wealth Solutions LLC now owns 29 shares of the data storage provider's stock valued at $28,000 after acquiring an additional 12 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC lifted its position in shares of Seagate Technology by 23.1% in the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 80 shares of the data storage provider's stock worth $31,000 after acquiring an additional 15 shares during the period. Quarry LP bought a new stake in shares of Seagate Technology in the 4th quarter worth approximately $31,000. Finally, WealthCollab LLC grew its holdings in shares of Seagate Technology by 27.4% during the 1st quarter. WealthCollab LLC now owns 93 shares of the data storage provider's stock worth $36,000 after purchasing an additional 20 shares in the last quarter. Institutional investors and hedge funds own 92.87% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on STX. TD Cowen boosted their price objective on Seagate Technology from $850.00 to $1,000.00 and gave the company a "buy" rating in a research report on Wednesday, July 29th. Rosenblatt Securities raised their target price on Seagate Technology from $1,300.00 to $1,400.00 and gave the stock a "buy" rating in a research report on Wednesday, July 29th. Argus lifted their price target on shares of Seagate Technology from $750.00 to $900.00 and gave the stock a "buy" rating in a research note on Thursday, July 30th. Mizuho boosted their price target on shares of Seagate Technology from $875.00 to $1,090.00 and gave the company an "outperform" rating in a report on Monday, June 8th. Finally, Susquehanna boosted their price target on shares of Seagate Technology from $775.00 to $875.00 and gave the company a "neutral" rating in a report on Wednesday, July 29th. One analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, Seagate Technology currently has an average rating of "Moderate Buy" and an average price target of $986.00.

Key Headlines Impacting Seagate Technology

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

• Positive Sentiment: Seagate’s HAMR technology and Mozaic platform are increasing drive capacity, exabyte shipments and operating efficiency. Rising demand for high-capacity storage from AI data centers supports the company’s growth outlook. Seagate's HAMR Bet is Paying Off
• Positive Sentiment: Analysts and market commentators continue to see additional upside, citing strong demand visibility and reports that much of Seagate’s expected drive production is already committed. Bull of the Day: Seagate Technology Here's the One Storage Stock I'd Buy With $2,000
• Positive Sentiment: A recent price-target discussion argues that Seagate could eventually reach $1,000 if its capacity expansion, AI-driven demand and execution remain on track, reinforcing the bullish long-term narrative. Price Prediction: Seagate Stock Will Hit $1000 on This Date
• Neutral Sentiment: Management’s presentation at Citi’s 2026 Global TMT Conference gives investors another opportunity to assess demand, HAMR adoption and the company’s outlook, but the available report does not identify a material new announcement. Citi's 2026 Global TMT Conference Transcript
• Neutral Sentiment: Seagate completed redemption of its exchangeable notes. The transaction removes the related debt obligation, although the immediate effect on earnings and valuation is not specified. Seagate Completes Redemption of Exchangeable Notes
• Negative Sentiment: STX has already delivered an exceptional one-year gain and trades at a demanding valuation. That makes the shares vulnerable to profit-taking and less-forgiving reactions even while the long-term AI-storage thesis remains intact.

Seagate Technology Trading Down 2.0%

Shares of STX opened at $885.92 on Thursday. Seagate Technology Holdings PLC has a 1 year low of $189.90 and a 1 year high of $1,145.00. 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 stock has a 50 day simple moving average of $847.74 and a 200-day simple moving average of $721.54. The stock has a market cap of $200.79 billion, a PE ratio of 63.83 and a beta of 2.06.

Seagate Technology (NASDAQ:STX - Get Free Report) last announced its quarterly 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. Seagate Technology had a return on equity of 369.98% and a net margin of 26.11%.The business had revenue of $3.63 billion for the quarter, compared to analyst estimates of $3.50 billion. During the same quarter in the previous year, the firm earned $2.59 EPS. Seagate Technology's quarterly revenue was up 48.5% on a year-over-year basis. Seagate Technology has set its Q1 2027 guidance at 7.100-7.500 EPS. On average, sell-side analysts predict that Seagate Technology Holdings PLC will post 35.7 EPS for the current fiscal year.

Seagate Technology Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 7th. Shareholders of record on Thursday, September 24th will be issued 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 0.3%. Seagate Technology's dividend payout ratio (DPR) is presently 21.33%.

Insider Buying and Selling

In other news, CEO William D. Mosley sold 30,000 shares of the company's stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of $816.28, for a total value of $24,488,400.00. Following the sale, the chief executive officer owned 295,168 shares of the company's stock, valued at approximately $240,939,735.04. This represents a 9.23% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Ban Teh sold 9,862 shares of the stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $852.97, for a total transaction of $8,411,990.14. Following the sale, the executive vice president owned 5,210 shares of the company's stock, valued at $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 186,323 shares of company stock worth $157,393,279 in the last three months. Company insiders own 0.79% of the company's stock.

Seagate Technology Company 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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