Severin Investments LLC Acquires Shares of 2,031 Seagate Technology Holdings PLC $STX

Key Points

• Severin Investments LLC disclosed a new fourth-quarter stake in Seagate Technology, buying 2,031 shares valued at about $559,000. The filing highlights continued institutional interest in STX, which is already 92.87% owned by institutions and hedge funds.
• Insider selling has been active, with EVP Ban Seng Teh and EVP James Ci Lee both selling shares under pre-arranged Rule 10b5-1 plans. Over the past three months, insiders sold 142,437 shares worth about $86.1 million.
• Analysts remain broadly bullish after Seagate’s strong quarterly results, with multiple firms raising price targets and the company beating EPS and revenue estimates. The stock has a Moderate Buy consensus and an average target price of $746.63, while Seagate also recently declared a quarterly dividend of $0.74 per share.

Severin Investments LLC acquired a new stake in shares of Seagate Technology Holdings PLC (NASDAQ:STX - Free Report) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 2,031 shares of the data storage provider's stock, valued at approximately $559,000.

Several other institutional investors and hedge funds have also bought and sold shares of STX. Integrated Wealth Concepts LLC grew its holdings in Seagate Technology by 168.0% during the first quarter. Integrated Wealth Concepts LLC now owns 7,177 shares of the data storage provider's stock worth $610,000 after acquiring an additional 4,499 shares during the period. Sivia Capital Partners LLC acquired a new stake in Seagate Technology during the second quarter worth about $262,000. Cerity Partners LLC grew its holdings in Seagate Technology by 25.8% during the second quarter. Cerity Partners LLC now owns 36,682 shares of the data storage provider's stock worth $5,294,000 after acquiring an additional 7,517 shares during the period. Sei Investments Co. grew its holdings in Seagate Technology by 64.8% during the second quarter. Sei Investments Co. now owns 8,543 shares of the data storage provider's stock worth $1,233,000 after acquiring an additional 3,358 shares during the period. Finally, The Manufacturers Life Insurance Company grew its holdings in Seagate Technology by 0.4% during 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 acquiring an additional 462 shares during the period. 92.87% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Seagate Technology

In other news, EVP Ban Seng Teh sold 8,003 shares of Seagate Technology stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $817.28, for a total value of $6,540,691.84. Following the sale, the executive vice president directly owned 3,691 shares of the company's stock, valued at $3,016,580.48. The trade was a 68.44% decrease in their ownership of the stock. The sale 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 697 shares of Seagate Technology stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $741.17, for a total value of $516,595.49. Following the transaction, the executive vice president owned 324 shares in the company, valued at approximately $240,139.08. The trade was a 68.27% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 142,437 shares of company stock valued at $86,093,575. Insiders own 0.79% of the company's stock.

Analysts Set New Price Targets

Several research firms recently commented on STX. Citigroup raised their target price on Seagate Technology from $595.00 to $740.00 and gave the stock a "buy" rating in a report on Wednesday, April 29th. TD Cowen raised their target price on Seagate Technology from $500.00 to $850.00 and gave the stock a "buy" rating in a report on Wednesday, April 29th. Zacks Research raised Seagate Technology from a "hold" rating to a "strong-buy" rating in a report on Friday, May 1st. The Goldman Sachs Group raised their target price on Seagate Technology from $385.00 to $700.00 and gave the stock a "buy" rating in a report on Wednesday, April 29th. Finally, Susquehanna raised their target price on Seagate Technology from $485.00 to $615.00 and gave the stock a "neutral" rating in a report on Wednesday, April 29th. One 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 stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $746.63.

Seagate Technology Stock Up 2.9%

Shares of STX opened at $870.66 on Thursday. The company has a current ratio of 1.33, a quick ratio of 0.85 and a debt-to-equity ratio of 3.16. Seagate Technology Holdings PLC has a 12 month low of $116.28 and a 12 month high of $888.95. The stock's 50 day moving average is $593.37 and its two-hundred day moving average is $424.63. The firm has a market cap of $195.23 billion, a P/E ratio of 82.61 and a beta of 1.98.

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

Seagate Technology Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 7th. Stockholders of record on Wednesday, June 24th will be paid a $0.74 dividend. The ex-dividend date of this dividend is Wednesday, June 24th. This represents a $2.96 dividend on an annualized basis and a dividend yield of 0.3%. Seagate Technology's payout ratio is currently 28.08%.

Seagate Technology News Roundup

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

• Positive Sentiment: Barclays raised its price target on Seagate Technology to $1,000 from $750 and reiterated an overweight rating, signaling continued confidence in the company’s growth outlook and suggesting more upside potential for the shares. Benzinga
• Positive Sentiment: Analysts are highlighting Seagate’s AI-driven storage demand, strong cash flow, and HAMR technology as key growth drivers, with comparisons suggesting STX is better positioned than some peers facing softer IT spending and cloud headwinds. Zacks
• Positive Sentiment: A Zacks piece on memory and storage stocks points to booming AI demand and tighter chip supply as supportive for Seagate, reinforcing the bullish narrative around storage hardware beneficiaries. Zacks
• Neutral Sentiment: Seagate presented at TD Cowen’s technology conference, but no major new catalyst was included in the transcript headline alone, so the near-term stock impact appears limited unless management offered fresh guidance or commentary. Seeking Alpha
• Neutral Sentiment: Seagate’s note exchange activity to retire some convertible debt could improve its capital structure, but the deal also used ordinary shares, making the overall market reaction less clear. Yahoo Finance
• Negative Sentiment: The same debt-related article notes insider selling under pre-arranged plans, which can sometimes weigh on sentiment even if the sales are not necessarily a sign of trouble. Yahoo Finance

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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