Three Seasons Wealth LLC Reduces Stock Position in Seagate Technology Holdings PLC $STX

Key Points

• Three Seasons Wealth LLC cut its Seagate Technology position by 53.6% in the second quarter, selling 4,135 shares and retaining 3,586 shares valued at approximately $3.46 million. Institutional investors and hedge funds collectively own 92.87% of STX.
• Seagate reported strong quarterly results, with revenue up 48.5% year over year to $3.63 billion and EPS of $5.71, exceeding the $5.10 consensus estimate. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $986.
• Company insiders sold 191,765 shares worth approximately $161.9 million over the past 90 days, primarily through pre-arranged Rule 10b5-1 plans. Seagate also declared a quarterly dividend of $0.74 per share, representing a 0.3% yield.

Three Seasons Wealth LLC lowered its position in Seagate Technology Holdings PLC (NASDAQ:STX - Free Report) by 53.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,586 shares of the data storage provider's stock after selling 4,135 shares during the quarter. Seagate Technology accounts for approximately 0.3% of Three Seasons Wealth LLC's holdings, making the stock its 28th biggest holding. Three Seasons Wealth LLC's holdings in Seagate Technology were worth $3,460,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Retirement Wealth Solutions LLC grew its stake in Seagate Technology by 70.6% in the 2nd quarter. Retirement Wealth Solutions LLC now owns 29 shares of the data storage provider's stock worth $28,000 after acquiring an additional 12 shares during the period. Sapient Capital LLC purchased a new position in shares of Seagate Technology in the 2nd quarter valued at $797,000. TD Waterhouse Canada Inc. grew its stake in shares of Seagate Technology by 40.8% in the second quarter. TD Waterhouse Canada Inc. now owns 65,693 shares of the data storage provider's stock valued at $60,071,000 after buying an additional 19,034 shares in the last quarter. Premier Path Wealth Partners LLC lifted its position in shares of Seagate Technology by 16.0% during the second quarter. Premier Path Wealth Partners LLC now owns 1,802 shares of the data storage provider's stock worth $1,739,000 after purchasing an additional 249 shares in the last quarter. Finally, Tribune Investment Group LP purchased a new stake in shares of Seagate Technology during the second quarter worth about $4,429,000. Institutional investors and hedge funds own 92.87% of the company's stock.

Insider Buying and Selling

In other news, CFO Gianluca Romano sold 14,091 shares of Seagate Technology stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $811.25, for a total value of $11,431,323.75. Following the transaction, the chief financial officer owned 21,543 shares of the company's stock, valued at $17,476,758.75. This trade represents a 39.54% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Ban Teh sold 9,862 shares of the business's stock in a transaction on Friday, August 21st. The stock was sold at an average price of $852.97, for a total transaction of $8,411,990.14. Following the completion of the sale, the executive vice president owned 5,210 shares of the company's stock, valued at $4,443,973.70. The trade was a 65.43% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 191,765 shares of company stock valued at $161,865,249 over the last 90 days. 0.79% of the stock is currently owned by insiders.

Seagate Technology Price Performance

NASDAQ STX opened at $849.28 on Friday. The stock has a market capitalization of $192.49 billion, a PE ratio of 61.19 and a beta of 2.06. Seagate Technology Holdings PLC has a 12-month low of $183.02 and a 12-month high of $1,145.00. The company has a 50 day moving average price of $851.92 and a two-hundred day moving average price of $709.75. The company has a quick ratio of 1.17, a current ratio of 1.67 and a debt-to-equity ratio of 1.56.

Seagate Technology (NASDAQ:STX - Get Free Report) last posted its earnings results on Tuesday, July 28th. The data storage provider reported $5.71 earnings per share for the quarter, beating the consensus estimate of $5.10 by $0.61. Seagate Technology had a return on equity of 369.98% and a net margin of 26.11%.The company had revenue of $3.63 billion for the quarter, compared to analyst estimates of $3.50 billion. During the same period last 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, equities analysts predict that Seagate Technology Holdings PLC will post 35.7 earnings per share for the current fiscal year.

Seagate Technology Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 7th. Investors of record on Thursday, September 24th will be paid a $0.74 dividend. This represents a $2.96 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend is Thursday, September 24th. Seagate Technology's dividend payout ratio (DPR) is presently 21.33%.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on STX. Evercore boosted their price objective on Seagate Technology from $750.00 to $1,000.00 and gave the company an "outperform" rating in a report on Tuesday, May 12th. Mizuho increased their price objective on Seagate Technology from $875.00 to $1,090.00 and gave the stock an "outperform" rating in a report on Monday, June 8th. Bank of America raised their target price on Seagate Technology from $1,000.00 to $1,150.00 and gave the company a "buy" rating in a research report on Wednesday, July 1st. Wells Fargo & Company upped their price objective on shares of Seagate Technology from $1,100.00 to $1,180.00 and gave the stock an "overweight" rating in a report on Wednesday, July 29th. Finally, Cantor Fitzgerald reaffirmed an "overweight" rating and set a $1,300.00 price target on shares of Seagate Technology in a research note on Wednesday, July 29th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, Seagate Technology has a consensus rating of "Moderate Buy" and an average target price of $986.00.

More Seagate Technology News

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

• Positive Sentiment: A rally that began in NAND memory broadened across the storage complex, with Seagate benefiting alongside SK Hynix and other memory-linked companies. The strength suggests investors are increasing exposure to companies positioned to supply AI data centers and expanding storage capacity. SK Hynix Surges 7% as Memory Bid Widens Beyond NAND; Seagate Rallies 5%
• Positive Sentiment: The broader AI trade remained a leading market theme, supporting semiconductor and storage shares. Seagate’s recent results reinforce the bullish case: quarterly revenue rose 48.5% year over year to $3.63 billion, while EPS of $5.71 exceeded estimates and management guided to $7.10–$7.50 in fiscal first-quarter 2027 EPS. Memory, Other AI-Related Stocks Lead the Market's Top Performers Friday
• Neutral Sentiment: Director Yolanda Lee Conyers sold 750 shares for approximately $611,000, but the transaction was executed under a pre-arranged Rule 10b5-1 plan. The sale is therefore a limited signal of changing insider sentiment.
• Negative Sentiment: CEO William Mosley separately sold 30,000 shares valued at approximately $24.5 million under a 10b5-1 plan. Although he retained a substantial stake, the sizable insider sale may weigh modestly on sentiment, particularly after STX’s strong run and elevated valuation.

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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