Empirical Financial Services LLC d.b.a. Empirical Wealth Management Acquires New Shares in Seagate Technology Holdings PLC $STX

Empirical Financial Services LLC d.b.a. Empirical Wealth Management bought a new position in shares of Seagate Technology Holdings PLC (NASDAQ:STX) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 1,237 shares of the data storage provider’s stock, valued at approximately $292,000.

A number of other hedge funds have also modified their holdings of STX. Bridgewater Advisors Inc. acquired a new position in Seagate Technology during the third quarter valued at approximately $368,000. WT Asset Management Ltd acquired a new position in shares of Seagate Technology in the 3rd quarter valued at $22,426,000. D Orazio & Associates Inc. grew its holdings in shares of Seagate Technology by 4.4% in the 3rd quarter. D Orazio & Associates Inc. now owns 1,634 shares of the data storage provider’s stock valued at $386,000 after buying an additional 69 shares during the period. Fiera Capital Corp bought a new stake in shares of Seagate Technology in the 3rd quarter valued at $200,000. Finally, Avestar Capital LLC acquired a new stake in Seagate Technology during the 3rd quarter worth $541,000. 92.87% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Seagate Technology news, Director Yolanda Lee Conyers sold 750 shares of the company’s stock in a transaction on Tuesday, December 2nd. The shares were sold at an average price of $272.91, for a total transaction of $204,682.50. Following the sale, the director directly owned 5,601 shares of the company’s stock, valued at approximately $1,528,568.91. This represents a 11.81% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Ban Seng Teh sold 20,195 shares of Seagate Technology stock in a transaction dated Thursday, January 29th. The shares were sold at an average price of $442.29, for a total transaction of $8,932,046.55. Following the completion of the transaction, the executive vice president directly owned 3,092 shares of the company’s stock, valued at approximately $1,367,560.68. This trade represents a 86.72% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 89,801 shares of company stock worth $32,360,491. Corporate insiders own 0.79% of the company’s stock.

Seagate Technology Stock Performance

Shares of STX opened at $421.85 on Thursday. Seagate Technology Holdings PLC has a 12 month low of $63.19 and a 12 month high of $459.84. The firm has a fifty day simple moving average of $355.41 and a 200 day simple moving average of $272.73. The stock has a market capitalization of $91.99 billion, a price-to-earnings ratio of 47.72, a PEG ratio of 0.89 and a beta of 1.62. 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) last issued its quarterly earnings results on Tuesday, January 27th. The data storage provider reported $3.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.77 by $0.34. Seagate Technology had a net margin of 19.59% and a negative return on equity of 936.38%. The firm had revenue of $2.83 billion for the quarter, compared to analyst estimates of $2.73 billion. During the same period in the previous year, the business earned $2.03 EPS. The company’s revenue was up 21.5% compared to the same quarter last year. Seagate Technology has set its Q3 2026 guidance at 3.200-3.600 EPS. Research analysts forecast that Seagate Technology Holdings PLC will post 6.83 EPS for the current fiscal year.

Seagate Technology Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 8th. Shareholders of record on Wednesday, March 25th will be paid a $0.74 dividend. This represents a $2.96 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Wednesday, March 25th. Seagate Technology’s dividend payout ratio (DPR) is currently 33.48%.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Wells Fargo & Company boosted their target price on Seagate Technology from $360.00 to $450.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 28th. Weiss Ratings reissued a “buy (b)” rating on shares of Seagate Technology in a research note on Monday, December 29th. KeyCorp set a $500.00 target price on shares of Seagate Technology in a report on Wednesday, January 28th. Argus upped their price target on shares of Seagate Technology from $300.00 to $450.00 and gave the company a “buy” rating in a report on Thursday, January 29th. Finally, Bank of America increased their price objective on shares of Seagate Technology from $320.00 to $400.00 and gave the stock a “buy” rating in a research report on Tuesday, January 20th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $447.35.

Key Seagate Technology News

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

• Positive Sentiment: Analyst upgrades and rising targets — Several firms have lifted price targets and ratings in recent weeks (Cantor Fitzgerald, Robert W. Baird, Rosenblatt, China Renaissance and others), which supports investor re‑rating and higher expectations for STX. Seagate Stock Is Trading At Premium, Hold For Now
• Positive Sentiment: Data‑center / AI demand case vs. peers — Recent comparisons (Seagate vs. NetApp) highlight that STX is benefiting from AI-driven HDD demand, margin expansion and upward revisions to estimates, giving it stronger momentum than some storage peers. Seagate vs. NetApp: Which Data Storage Stock is the Smarter Buy?
• Positive Sentiment: Zacks/quant momentum — Zacks added STX to a top growth list (Zacks Rank #1), signaling near‑term positive quant sentiment that can attract momentum flows. Seagate vs. NetApp: Which Data Storage Stock is the Smarter Buy? (Zacks)
• Neutral Sentiment: Note exchange reshapes debt mix — Seagate completed an exchange of $600M of exchangeable notes for cash and shares, a capital‑structure tweak that reduces convertible/debt pressure but dilutes equity modestly; viewed as balance‑sheet management rather than transformational. Seagate Note Exchange Reshapes Debt Mix As Valuation Signals Upside Potential
• Neutral Sentiment: Company presentation / industry context — Seagate presented at Bernstein Insights (transcript available) reiterating its positioning in cloud and AI storage; useful for long‑term thesis but not an earnings surprise. Seagate Presents at Bernstein Insights
• Negative Sentiment: Insider selling — An EVP sold ~5,846 shares (~$2.4M), a headline that can create near‑term sentiment drag even if the sale is routine diversification. Kian Fatt Chong Sells 5,846 Shares
• Negative Sentiment: Valuation concerns — Several pieces note Seagate is trading at a premium to historical multiples after the re‑rating to an AI play; some analysts advise caution/hold until growth proves sustainable. Seagate Stock Is Trading At Premium, Hold For Now

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.