RFG Advisory LLC Has $2.13 Million Holdings in Seagate Technology Holdings PLC $STX

Key Points

• RFG Advisory LLC increased its stake in Seagate by 111.1% in the fourth quarter to 7,736 shares worth about $2.13 million, and institutional investors now own roughly 92.9% of the company.
• Seagate reported a strong quarter—beating revenue ($3.11B) and EPS ($4.10), launched an AI‑focused storage suite, and has seen multiple analyst price‑target upgrades resulting in a consensus "Moderate Buy" with an average target around $709.13.
• Significant insider selling has occurred recently: CEO William Mosley sold 24,584 shares for about $10.0M, and insiders have offloaded roughly 78,333 shares (~$34.4M) over the past three months, creating short‑term headline risk.

RFG Advisory LLC grew its stake in Seagate Technology Holdings PLC (NASDAQ:STX - Free Report) by 111.1% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,736 shares of the data storage provider's stock after buying an additional 4,072 shares during the quarter. RFG Advisory LLC's holdings in Seagate Technology were worth $2,130,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in STX. Integrated Wealth Concepts LLC boosted its holdings in shares of Seagate Technology by 168.0% in the first quarter. Integrated Wealth Concepts LLC now owns 7,177 shares of the data storage provider's stock valued at $610,000 after buying an additional 4,499 shares during the period. Sivia Capital Partners LLC acquired a new position in shares of Seagate Technology in the second quarter valued at approximately $262,000. Cerity Partners LLC boosted its holdings in shares of Seagate Technology by 25.8% in the second quarter. Cerity Partners LLC now owns 36,682 shares of the data storage provider's stock valued at $5,294,000 after buying an additional 7,517 shares during the period. Sei Investments Co. boosted its holdings in shares of Seagate Technology by 64.8% in the second quarter. Sei Investments Co. now owns 8,543 shares of the data storage provider's stock valued at $1,233,000 after buying an additional 3,358 shares during the period. Finally, The Manufacturers Life Insurance Company lifted its position in shares of Seagate Technology by 0.4% in the second quarter. The Manufacturers Life Insurance Company now owns 127,887 shares of the data storage provider's stock worth $18,458,000 after purchasing an additional 462 shares in the last quarter. Institutional investors and hedge funds own 92.87% of the company's stock.

Insider Buying and Selling at Seagate Technology

In other Seagate Technology news, CEO William D. Mosley sold 24,584 shares of the company's stock in a transaction on Thursday, March 19th. The shares were sold at an average price of $406.77, for a total value of $10,000,033.68. Following the transaction, the chief executive officer directly owned 375,591 shares in the company, valued at $152,779,151.07. The trade was a 6.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Kian Fatt Chong sold 5,846 shares of the company's stock in a transaction on Monday, February 23rd. The shares were sold at an average price of $416.48, for a total transaction of $2,434,742.08. The SEC filing for this sale provides additional information. Insiders have sold a total of 78,333 shares of company stock valued at $34,426,485 in the last three months. Corporate insiders own 0.79% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on STX. Jefferies Financial Group reissued a "hold" rating on shares of Seagate Technology in a research report on Wednesday, February 4th. China Renaissance boosted their price objective on shares of Seagate Technology from $325.00 to $452.00 and gave the stock a "buy" rating in a research report on Thursday, January 15th. Citigroup raised their price objective on Seagate Technology from $595.00 to $740.00 and gave the company a "buy" rating in a report on Wednesday, April 29th. Wells Fargo & Company raised their price objective on Seagate Technology from $450.00 to $700.00 and gave the company an "equal weight" rating in a report on Wednesday, April 29th. Finally, Loop Capital raised their price objective on Seagate Technology from $700.00 to $800.00 and gave the company a "buy" rating in a report on Thursday, April 23rd. One equities research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $709.13.

Key Seagate Technology News

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

• Positive Sentiment: Q3 results materially beat expectations (≈$3.11B revenue, $4.10 EPS), management reiterated capital returns (dividend + buybacks) and set above‑street guidance, supporting the long‑term bull case. Seagate (STX) Is Up 22.2% After Strong Q3 Results And AI Storage Push Has The Bull Case Changed?
• Positive Sentiment: Seagate launched an AI‑focused storage suite (consumer & professional SKUs, Thunderbolt 5, up to 256TB), reinforcing its positioning for AI/data‑center content workflows and potential higher ASPs. Seagate’s New AI Storage Suite Meets Rapidly Rising STX Valuation
• Positive Sentiment: Major sell‑side houses raised targets and ratings (Morgan Stanley bumped its PT to $767 and flagged STX as a top pick), adding momentum and justifying a premium rerating. Morgan Stanley Calls Seagate Technology Holdings (STX) a “Top Pick”
• Positive Sentiment: Other analyst upgrades (Zacks, Goldman etc.) and institutional buying have supported investor conviction that Seagate will capture AI/data center demand. Seagate coverage and analyst notes
• Neutral Sentiment: Lead Independent Director Mike Cannon announced retirement effective Oct‑2026 — orderly governance change but not an immediate operational catalyst. Seagate Announces the Retirement of Michael R. Cannon, Lead Independent Director
• Neutral Sentiment: Seagate declared its quarterly dividend (annualized $2.96; modest yield) — supportive for income investors but limited as a catalyst given valuation move. Dividend and company profile
• Neutral Sentiment: Broader market risk appetite has improved (VIX lower), which helped the prior tech run but also encourages rotation and profit‑taking dynamics. CBOE VIX Slides Toward 17 as Oil Retreat and Tech Stock Surge Restore Risk Appetite
• Negative Sentiment: Multiple recent insider sales (EVP James Ci Lee sold 697 shares under a 10b5‑1 plan) have created headline risk and may amplify short‑term profit‑taking. Form 4 — James Ci Lee sale
• Negative Sentiment: EVP John Christopher Morris sold 5,626 shares (pre‑arranged 10b5‑1) — a larger disposition that attracts investor attention despite being planned. Form 4 — John Christopher Morris sale
• Negative Sentiment: Director Stephanie Tilenius sold 1,580 shares — multiple sales together increase short‑term headline risk even if compliant. Form 4 — Stephanie Tilenius sale

Seagate Technology Stock Performance

NASDAQ STX opened at $766.44 on Friday. The firm has a market capitalization of $171.86 billion, a P/E ratio of 72.72 and a beta of 1.98. The company has a current ratio of 1.33, a quick ratio of 0.85 and a debt-to-equity ratio of 3.16. The firm's fifty day moving average price is $476.41 and its two-hundred day moving average price is $369.68. Seagate Technology Holdings PLC has a 1 year low of $94.97 and a 1 year high of $792.01.

Seagate Technology (NASDAQ:STX - Get Free Report) last announced its quarterly earnings results on Tuesday, April 28th. The data storage provider reported $4.10 EPS for the quarter, beating analysts' consensus estimates of $3.51 by $0.59. The firm had revenue of $3.11 billion during the quarter, compared to analysts' expectations of $2.96 billion. Seagate Technology had a net margin of 21.60% and a return on equity of 1,005.65%. The company's revenue for the quarter was up 44.1% compared to the same quarter last year. During the same quarter last year, the company posted $1.90 earnings per share. Seagate Technology has set its Q4 2026 guidance at 4.800-5.200 EPS. As a group, research analysts anticipate that Seagate Technology Holdings PLC will post 14.1 EPS for the current year.

Seagate Technology Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 7th. Investors of record on Wednesday, June 24th will be issued a dividend of $0.74 per share. The ex-dividend date is Wednesday, June 24th. This represents a $2.96 dividend on an annualized basis and a yield of 0.4%. Seagate Technology's dividend payout ratio (DPR) is presently 28.08%.

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.

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