Ritholtz Wealth Management Purchases 8,358 Shares of Seagate Technology Holdings PLC $STX

Key Points

• Ritholtz Wealth Management increased its stake in Seagate by 64.5%, buying 8,358 shares to hold 21,321 shares worth $5.872 million at the end of the quarter, while institutional investors own about 92.87% of the stock.
• CEO William D. Mosley sold 20,000 shares on April 1 under a Rule 10b5-1 plan for roughly $8.41 million, and insiders have sold a total of 113,635 shares (about $47.13 million) over the past three months.
• Seagate has seen multiple analyst price-target increases and positive coverage following the sale of its Lyve Cloud business to Wasabi, and it recently reported an earnings beat (Q EPS $3.11 vs. $2.77) with upbeat guidance, reinforcing bullish sentiment.

Ritholtz Wealth Management boosted its position in Seagate Technology Holdings PLC (NASDAQ:STX - Free Report) by 64.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 21,321 shares of the data storage provider's stock after acquiring an additional 8,358 shares during the period. Ritholtz Wealth Management's holdings in Seagate Technology were worth $5,872,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in STX. WCM Investment Management LLC bought a new stake in Seagate Technology in the 3rd quarter worth $1,187,621,000. Arrowstreet Capital Limited Partnership grew its holdings in Seagate Technology by 1,072.5% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 2,949,512 shares of the data storage provider's stock worth $696,262,000 after acquiring an additional 2,697,957 shares during the last quarter. Massachusetts Financial Services Co. MA grew its holdings in Seagate Technology by 1,510.1% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 2,008,516 shares of the data storage provider's stock worth $553,125,000 after acquiring an additional 1,883,769 shares during the last quarter. Soroban Capital Partners LP grew its holdings in Seagate Technology by 1,468.1% in the 2nd quarter. Soroban Capital Partners LP now owns 1,417,600 shares of the data storage provider's stock worth $204,602,000 after acquiring an additional 1,327,197 shares during the last quarter. Finally, Trivest Advisors Ltd bought a new stake in Seagate Technology in the 3rd quarter worth $170,435,000. Institutional investors own 92.87% of the company's stock.

Insider Buying and Selling at Seagate Technology

In related news, CEO William D. Mosley sold 20,000 shares of the business's stock in a transaction dated Wednesday, April 1st. The shares were sold at an average price of $420.73, for a total transaction of $8,414,600.00. Following the sale, the chief executive officer owned 355,591 shares of the company's stock, valued at $149,607,801.43. The trade was a 5.32% decrease in their ownership of the stock. 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 James Ci Lee sold 673 shares of the business's stock in a transaction dated Monday, January 26th. The stock was sold at an average price of $348.85, for a total transaction of $234,776.05. Following the sale, the executive vice president directly owned 257 shares in the company, valued at $89,654.45. The trade was a 72.37% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 113,635 shares of company stock valued at $47,133,843 over the last three months. 0.79% of the stock is currently owned by corporate insiders.

Seagate Technology Trading Up 0.5%

NASDAQ:STX opened at $503.13 on Friday. The company has a 50-day moving average price of $412.23 and a 200-day moving average price of $323.12. Seagate Technology Holdings PLC has a 12 month low of $67.63 and a 12 month high of $517.18. The company has a current ratio of 1.12, a quick ratio of 0.72 and a debt-to-equity ratio of 7.63. The stock has a market cap of $109.72 billion, a price-to-earnings ratio of 56.92, a P/E/G ratio of 1.09 and a beta of 1.61.

Seagate Technology (NASDAQ:STX - Get Free Report) last posted its earnings results on Tuesday, January 27th. The data storage provider reported $3.11 EPS for the quarter, topping the consensus estimate of $2.77 by $0.34. Seagate Technology had a net margin of 19.59% and a negative return on equity of 936.38%. The firm had revenue of $2.83 billion during the quarter, compared to analysts' expectations of $2.73 billion. During the same period last year, the company posted $2.03 EPS. The company's quarterly revenue was up 21.5% compared to the same quarter last year. Seagate Technology has set its Q3 2026 guidance at 3.200-3.600 EPS. Equities analysts predict that Seagate Technology Holdings PLC will post 6.83 EPS for the current year.

Seagate Technology Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 8th. Investors of record on Wednesday, March 25th were paid a dividend of $0.74 per share. The ex-dividend date of this dividend was Wednesday, March 25th. This represents a $2.96 annualized dividend and a yield of 0.6%. Seagate Technology's payout ratio is presently 33.48%.

Key Stories Impacting Seagate Technology

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

• Positive Sentiment: Seagate completed a sale of its Lyve Cloud business to Wasabi, receiving equity in Wasabi and retaining upside as a shareholder while narrowing focus on mass-capacity storage — a move investors view as simplifying the business and concentrating resources on the higher-margin HDD growth opportunity. Wasabi Technologies Acquires Seagate’s Lyve Cloud Business
• Positive Sentiment: BusinessWire also reported the Wasabi acquisition and Seagate’s receipt of equity; the deal is being framed as strategic (cash-lite consideration + equity) that preserves upside while de-emphasizing cloud services. Wasabi Technologies Acquires Seagate's Lyve Cloud Business
• Positive Sentiment: Analysts kept raising targets and reiterating bullish views: Sanford Bernstein to $620 (Outperform), Evercore to $550 (Outperform), and Mizuho to $565 (Outperform) — these larger-firm price-target raises support upside expectations and likely lifted sentiment. Bernstein Raises PT to $620
• Positive Sentiment: Industry and product-tailwind stories highlight rising HDD prices and strong AI-driven demand for mass storage, reinforcing revenue and margin upside expectations for Seagate. These macro/industry notes increase conviction that Seagate will benefit from the data-center buildout. Hard Disk Drive Prices Are Rising
• Positive Sentiment: Coverage calling Seagate a beneficiary of NVIDIA’s data-center boom (alongside Micron and others) underscores durable secular demand for high-capacity storage in AI clusters. These 4 Stocks Are Quietly Riding NVIDIA's Data Center Boom Higher
• Neutral Sentiment: Broader market strength — the S&P 500’s multi-day rally with several chip and storage names leading — is a positive backdrop but reflects general risk-on flows rather than company-specific news. Inside the S&P 500’s 7-Day Rally
• Neutral Sentiment: Analyst Susquehanna raised its price target to $485 but kept a "neutral" rating, signaling the stock may be near fair value per that shop — supportive on the price target but less bullish on further upside. Susquehanna Raises PT to $485, Maintains Neutral
• Negative Sentiment: One caution: a few notes and valuation pieces point to strong recent momentum already being priced in (rapid multi-period share gains), so near-term upside depends on continued HDD price strength and execution; some shops see limited near-term upside from current levels. 3 Growth Stocks to Add to Your Roster

Analyst Ratings Changes

A number of brokerages have issued reports on STX. Benchmark raised their price target on shares of Seagate Technology from $255.00 to $325.00 and gave the stock a "buy" rating in a report on Tuesday, December 16th. BNP Paribas Exane raised their target price on shares of Seagate Technology from $430.00 to $530.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 4th. Evercore raised their target price on shares of Seagate Technology from $450.00 to $550.00 and gave the stock an "outperform" rating in a research report on Wednesday. Barclays raised their target price on shares of Seagate Technology from $370.00 to $425.00 and gave the stock an "equal weight" rating in a research report on Wednesday, January 28th. Finally, Argus raised their target price on shares of Seagate Technology from $300.00 to $450.00 and gave the stock a "buy" rating in a research report on Thursday, January 29th. Nineteen equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $486.21.

Seagate Technology Company 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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