Seagate Technology Holdings PLC $STX Shares Purchased by NewEdge Advisors LLC

Key Points

• NewEdge Advisors increased its Seagate position by 33.5% in the second quarter, purchasing 7,380 additional shares and bringing its holdings to 29,426 shares valued at approximately $28.4 million. Institutional investors collectively own 92.87% of STX.
• Seagate reported quarterly EPS of $5.71, surpassing the $5.10 consensus estimate, while revenue rose 48.5% year over year to $3.63 billion. Growth is being supported by demand for high-capacity storage driven by AI data centers and the company’s HAMR and Mozaic technologies.
• Analysts maintain a bullish outlook, with several firms raising price targets and MarketBeat showing a “Moderate Buy” consensus rating with a $986 average target. However, the stock’s sharp gains, elevated valuation and recent insider selling could increase its vulnerability to profit-taking.

NewEdge Advisors LLC grew its position in Seagate Technology Holdings PLC (NASDAQ:STX - Free Report) by 33.5% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 29,426 shares of the data storage provider's stock after purchasing an additional 7,380 shares during the period. NewEdge Advisors LLC's holdings in Seagate Technology were worth $28,396,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in STX. IFP Advisors Inc grew its holdings in Seagate Technology by 23.2% in the 2nd quarter. IFP Advisors Inc now owns 2,322 shares of the data storage provider's stock worth $2,241,000 after buying an additional 437 shares in the last quarter. Baird Financial Group Inc. increased its position in Seagate Technology by 44.6% in the 2nd quarter. Baird Financial Group Inc. now owns 10,117 shares of the data storage provider's stock valued at $9,763,000 after acquiring an additional 3,122 shares during the period. Beacon Investment Advisory Services Inc. raised its stake in Seagate Technology by 9.1% during the 2nd quarter. Beacon Investment Advisory Services Inc. now owns 3,827 shares of the data storage provider's stock valued at $3,693,000 after acquiring an additional 320 shares in the last quarter. Hudock Inc. bought a new stake in Seagate Technology during the 2nd quarter valued at $288,000. Finally, Arizona State Retirement System boosted its position in Seagate Technology by 2.4% during the 2nd quarter. Arizona State Retirement System now owns 60,609 shares of the data storage provider's stock worth $58,488,000 after acquiring an additional 1,409 shares during the period. Institutional investors and hedge funds own 92.87% of the company's stock.

Seagate Technology News Summary

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.

Analyst Ratings Changes

Several research analysts have recently issued reports on STX shares. Rosenblatt Securities increased their price target on Seagate Technology from $1,300.00 to $1,400.00 and gave the stock a "buy" rating in a research note on Wednesday, July 29th. Morgan Stanley lifted their price objective on shares of Seagate Technology from $1,035.00 to $1,187.00 and gave the company an "overweight" rating in a research note on Wednesday, July 29th. JPMorgan Chase & Co. increased their target price on shares of Seagate Technology from $1,095.00 to $1,240.00 and gave the company an "overweight" rating in a research report on Wednesday, July 29th. Citigroup raised their target price on shares of Seagate Technology from $1,240.00 to $1,300.00 and gave the company a "buy" rating in a research note on Wednesday, July 29th. Finally, Cantor Fitzgerald restated an "overweight" rating and set a $1,300.00 price target on shares of Seagate Technology in a research report on Wednesday, July 29th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $986.00.

Seagate Technology Price Performance

Shares of Seagate Technology stock opened at $885.92 on Thursday. Seagate Technology Holdings PLC has a 52 week low of $189.90 and a 52 week 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 market cap of $200.79 billion, a PE ratio of 63.83 and a beta of 2.06. The company's 50-day moving average price is $847.74 and its two-hundred day moving average price is $721.54.

Seagate Technology (NASDAQ:STX - Get Free Report) last announced its quarterly earnings data on Tuesday, July 28th. The data storage provider reported $5.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.10 by $0.61. Seagate Technology had a net margin of 26.11% and a return on equity of 369.98%. The company had revenue of $3.63 billion for the quarter, compared to analysts' expectations of $3.50 billion. During the same quarter in the previous year, the company posted $2.59 EPS. The business's revenue was up 48.5% compared to the same quarter last year. Seagate Technology has set its Q1 2027 guidance at 7.100-7.500 EPS. As a group, sell-side analysts anticipate that Seagate Technology Holdings PLC will post 35.7 EPS for the current fiscal year.

Seagate Technology Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 7th. Stockholders of record on Thursday, September 24th will be given 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 payout ratio is 21.33%.

Insider Buying and Selling at Seagate Technology

In other Seagate Technology news, EVP John Morris sold 3,516 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 $2,986,314.60. Following the sale, the executive vice president owned 12,805 shares in the company, valued at approximately $10,875,926.75. The trade was a 21.54% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO William 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 transaction of $24,488,400.00. Following the sale, the chief executive officer directly owned 295,168 shares of the company's stock, valued at $240,939,735.04. This represents a 9.23% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 186,323 shares of company stock valued at $157,393,279 over the last 90 days. 0.79% of the stock is owned by insiders.

About Seagate Technology

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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