Seagate Technology Holdings PLC $STX Stock Purchased by Carolina Wealth Advisors LLC

Key Points

• Carolina Wealth Advisors increased its Seagate stake by 1,581.5% in the third quarter, ending with 2,455 shares valued at approximately $2.26 million. Institutional investors collectively own 92.87% of the company.
• Analysts remain broadly bullish, with 22 Buy ratings and five Holds, an overall “Moderate Buy” consensus, and an average price target of $975.92. Rising AI, cloud, and data-center storage demand is supporting the positive outlook.
• Seagate reported quarterly earnings of $5.71 per share and revenue of $3.63 billion, exceeding estimates, but the stock has recently declined and trades at roughly 45 times earnings. Insiders sold about $378.8 million worth of shares during the past quarter, highlighting valuation and profit-taking concerns.

Carolina Wealth Advisors LLC lifted its stake in Seagate Technology Holdings PLC (NASDAQ:STX - Free Report) by 1,581.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,455 shares of the data storage provider's stock after purchasing an additional 2,309 shares during the period. Carolina Wealth Advisors LLC's holdings in Seagate Technology were worth $2,264,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Retirement Wealth Solutions LLC increased its position in shares of Seagate Technology by 70.6% during the second quarter. Retirement Wealth Solutions LLC now owns 29 shares of the data storage provider's stock valued at $28,000 after buying an additional 12 shares during the period. Bridgewater Advisors Inc. raised its stake in Seagate Technology by 0.9% in the first quarter. Bridgewater Advisors Inc. now owns 1,477 shares of the data storage provider's stock worth $579,000 after buying an additional 13 shares in the last quarter. Baker Tilly Wealth Management LLC lifted its holdings in Seagate Technology by 4.6% in the third quarter. Baker Tilly Wealth Management LLC now owns 319 shares of the data storage provider's stock worth $295,000 after buying an additional 14 shares during the period. Annis Gardner Whiting Capital Advisors LLC lifted its holdings in Seagate Technology by 23.1% in the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 80 shares of the data storage provider's stock worth $31,000 after buying an additional 15 shares during the period. Finally, One River Asset Management LLC boosted its position in Seagate Technology by 50.0% during the 3rd quarter. One River Asset Management LLC now owns 45 shares of the data storage provider's stock valued at $42,000 after acquiring an additional 15 shares in the last quarter. Institutional investors own 92.87% of the company's stock.

Wall Street Analyst Weigh In

STX has been the topic of a number of research analyst reports. Cantor Fitzgerald reiterated an "overweight" rating and set a $1,300.00 target price on shares of Seagate Technology in a report on Wednesday, July 29th. Citigroup increased their target price on Seagate Technology from $1,240.00 to $1,300.00 and gave the stock a "buy" rating in a research report on Wednesday, July 29th. Wedbush raised their target price on Seagate Technology from $825.00 to $1,000.00 and gave the company an "outperform" rating in a research note on Wednesday, July 29th. TD Cowen lifted their price target 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. Finally, Wall Street Zen raised Seagate Technology from a "buy" rating to a "strong-buy" rating in a research note on Saturday, September 26th. Twenty-two equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $975.92.

Key Stories Impacting Seagate Technology

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

• Positive Sentiment: Polen Capital identified Seagate as a beneficiary of rising artificial-intelligence data-storage demand. Growing AI workloads, cloud activity and enterprise data volumes are supporting demand for high-capacity nearline hard drives. Seagate Technology Holdings plc Stands to Benefit From Rising AI Data Storage Demand
• Positive Sentiment: Analyst sentiment has strengthened, with J.P. Morgan issuing a Buy rating and reports highlighting positive updates from Bank of America and Morgan Stanley. Zacks also added STX to its Rank #1, or Strong Buy, list. Seagate Tech Gets a Buy from J.P. Morgan
• Positive Sentiment: Recent research points to strong hard-drive demand from data centers and cloud providers, improving pricing power, capacity tightness and a robust enterprise-storage pipeline. These factors have driven higher earnings expectations and several analyst upgrades. Learn Why the Bull Case for Seagate Could Change Following Analyst Upgrades
• Neutral Sentiment: Seagate’s Q1 fiscal 2027 earnings preview remains favorable, with management’s outlook supported by healthy storage demand and pricing. Investors are likely focused on whether the company can meet or exceed its guidance of $7.10–$7.50 in EPS. STX Stock Earnings Preview
• Negative Sentiment: Despite the constructive outlook, STX has decreased in the latest market update, possibly reflecting profit-taking, elevated valuation concerns and technical weakness after its recent advance. At roughly 45 times earnings, the shares leave less room for an earnings or guidance disappointment.

Insider Buying and Selling

In other Seagate Technology news, EVP Ban Teh sold 52,730 shares of the business's stock in a transaction on Tuesday, September 15th. The stock was sold at an average price of $782.08, for a total value of $41,239,078.40. Following the sale, the executive vice president directly owned 5,810 shares of the company's stock, valued at approximately $4,543,884.80. The trade was a 90.08% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP John Morris sold 9,354 shares of the stock in a transaction on Monday, September 21st. The stock was sold at an average price of $877.91, for a total value of $8,211,970.14. Following the completion of the sale, the executive vice president directly owned 22,693 shares in the company, valued at approximately $19,922,411.63. This represents a 29.19% 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. Over the last quarter, insiders have sold 466,959 shares of company stock worth $378,840,741. 0.51% of the stock is currently owned by corporate insiders.

Seagate Technology Trading Down 1.8%

Shares of NASDAQ STX opened at $630.49 on Friday. Seagate Technology Holdings PLC has a 1 year low of $217.67 and a 1 year high of $1,145.00. The company has a debt-to-equity ratio of 1.56, a current ratio of 1.67 and a quick ratio of 1.17. The firm has a 50-day moving average of $820.59 and a 200 day moving average of $810.34. The stock has a market cap of $143.37 billion, a P/E ratio of 45.42 and a beta of 2.06.

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 for the quarter, topping analysts' consensus estimates of $5.10 by $0.61. Seagate Technology had a net margin of 26.11% and a return on equity of 369.98%. The business had revenue of $3.63 billion for the quarter, compared to analysts' expectations of $3.50 billion. During the same quarter in the prior year, the company earned $2.59 earnings per share. 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 expect that Seagate Technology Holdings PLC will post 35.79 EPS for the current fiscal year.

Seagate Technology Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 7th. Investors of record on Thursday, September 24th were paid a $0.74 dividend. The ex-dividend date was Thursday, September 24th. This represents a $2.96 annualized dividend and a dividend yield of 0.5%. Seagate Technology's dividend payout ratio is presently 21.33%.

About Seagate Technology

Seagate Technology Holdings plc NASDAQ: STX is a data storage company that develops and manufactures mass-capacity storage products and solutions. Its portfolio is centered on hard disk drives (HDDs) used in cloud data centers, enterprise systems, network-attached storage, video and imaging applications, and personal computers.

The company also provides storage-related services and solutions designed to help organizations store, manage, protect, and access large volumes of digital information.

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