U.S. Capital Wealth Advisors LLC Has $7.85 Million Position in Seagate Technology Holdings PLC $STX

Key Points

• U.S. Capital Wealth Advisors increased its stake in Seagate by 9.2% to 28,503 shares, a position worth about $7.85 million, in a company where institutional investors own roughly 92.9% of the stock.
• Seagate sold its Lyve Cloud business to Wasabi (receiving equity), reported a quarterly beat (EPS $3.11 vs. $2.77 and revenue $2.83B vs. $2.73B), and prompted several analyst price-target raises (e.g., Bernstein $620, Loop Capital $700), supporting bullish sentiment around HDD-driven data-center demand.
• Insiders sold a total of 113,635 shares valued at about $47.13 million over the past 90 days (notably large EVP sales), reducing insider ownership to 0.79%, which investors may view as a cautionary signal.

U.S. Capital Wealth Advisors LLC lifted its holdings in Seagate Technology Holdings PLC (NASDAQ:STX - Free Report) by 9.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 28,503 shares of the data storage provider's stock after acquiring an additional 2,396 shares during the period. U.S. Capital Wealth Advisors LLC's holdings in Seagate Technology were worth $7,849,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Armstrong Advisory Group Inc. acquired a new stake in Seagate Technology during the fourth quarter worth approximately $28,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Seagate Technology in the fourth quarter valued at approximately $37,000. First Horizon Corp bought a new position in shares of Seagate Technology during the 3rd quarter worth approximately $33,000. Raiffeisen Bank International AG bought a new position in shares of Seagate Technology during the 3rd quarter worth approximately $33,000. Finally, Physician Wealth Advisors Inc. grew its position in shares of Seagate Technology by 43.7% during the 3rd quarter. Physician Wealth Advisors Inc. now owns 148 shares of the data storage provider's stock worth $35,000 after buying an additional 45 shares during the period. 92.87% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Seagate Technology

In related news, EVP Ban Seng Teh sold 20,195 shares of the business's stock in a transaction dated Thursday, January 29th. The shares were sold at an average price of $442.29, for a total value of $8,932,046.55. Following the transaction, the executive vice president directly owned 3,092 shares of the company's stock, valued at approximately $1,367,560.68. The trade was a 86.72% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Kian Fatt Chong sold 5,846 shares of the stock in a transaction dated Monday, February 23rd. The shares were sold at an average price of $416.48, for a total transaction of $2,434,742.08. The SEC filing for this sale provides additional information. Insiders sold a total of 113,635 shares of company stock valued at $47,133,843 in the last ninety days. Insiders own 0.79% of the company's stock.

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

Wall Street Analyst Weigh In

A number of research firms recently issued reports on STX. Barclays boosted their target price on shares of Seagate Technology from $370.00 to $425.00 and gave the company an "equal weight" rating in a research report on Wednesday, January 28th. TD Cowen raised their target price on Seagate Technology from $340.00 to $500.00 and gave the company a "buy" rating in a research note on Wednesday, January 28th. KeyCorp set a $500.00 price target on Seagate Technology in a research note on Wednesday, January 28th. Sanford C. Bernstein raised their price objective on Seagate Technology from $500.00 to $620.00 and gave the company an "outperform" rating in a research note on Thursday. Finally, Loop Capital upped their target price on Seagate Technology from $465.00 to $700.00 and gave the stock a "buy" rating in a research report on Monday, February 9th. Nineteen investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $486.21.

Seagate Technology Trading Up 0.5%

Shares of Seagate Technology stock opened at $503.13 on Friday. The company has a market capitalization of $109.72 billion, a P/E ratio of 56.92, a price-to-earnings-growth ratio of 1.09 and a beta of 1.61. The stock has a fifty day simple moving average of $412.23 and a 200 day simple moving average of $323.78. 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.

Seagate Technology (NASDAQ:STX - Get Free Report) last issued its quarterly earnings data on Tuesday, January 27th. The data storage provider reported $3.11 earnings per share for the quarter, beating the consensus estimate of $2.77 by $0.34. The business had revenue of $2.83 billion for the quarter, compared to analysts' expectations of $2.73 billion. Seagate Technology had a negative return on equity of 936.38% and a net margin of 19.59%.The business's revenue was up 21.5% on a year-over-year basis. During the same period last year, the business earned $2.03 EPS. Seagate Technology has set its Q3 2026 guidance at 3.200-3.600 EPS. On average, sell-side analysts anticipate that Seagate Technology Holdings PLC will post 6.83 earnings per share for the current fiscal year.

Seagate Technology Announces Dividend

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

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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