Seagate Technology Holdings PLC $STX Shares Bought by Brookstone Capital Management

Brookstone Capital Management lifted its stake in shares of Seagate Technology Holdings PLC (NASDAQ:STX) by 20.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,176 shares of the data storage provider’s stock after buying an additional 2,031 shares during the quarter. Brookstone Capital Management’s holdings in Seagate Technology were worth $3,353,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in STX. Integrated Wealth Concepts LLC raised its holdings in Seagate Technology by 168.0% in the first quarter. Integrated Wealth Concepts LLC now owns 7,177 shares of the data storage provider’s stock valued at $610,000 after acquiring an additional 4,499 shares in the last quarter. Sivia Capital Partners LLC acquired a new position in Seagate Technology during the 2nd quarter worth $262,000. Advisors Asset Management Inc. increased its position in shares of Seagate Technology by 16.6% in the 2nd quarter. Advisors Asset Management Inc. now owns 1,068 shares of the data storage provider’s stock worth $154,000 after purchasing an additional 152 shares during the last quarter. J.W. Cole Advisors Inc. bought a new stake in shares of Seagate Technology in the 2nd quarter worth about $280,000. Finally, Northwestern Mutual Wealth Management Co. raised its stake in shares of Seagate Technology by 35.4% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 14,809 shares of the data storage provider’s stock valued at $2,137,000 after purchasing an additional 3,874 shares in the last quarter. Institutional investors own 92.87% of the company’s stock.

More Seagate Technology News

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

• Positive Sentiment: Sanford C. Bernstein analyst expects STX shares to rise, which can drive bullish flows and sentiment. Seagate Technology (NASDAQ:STX) Stock Price Expected to Rise, Sanford C. Bernstein Analyst Says
• Positive Sentiment: Seeking Alpha reports HAMR (heat-assisted magnetic recording) has moved from roadmap to production, tightening supply for high‑capacity drives and supporting margin expansion and large hyperscaler commitments — a key fundamental driver for near‑term revenue and mix improvement. Seagate: HAMR Has Matured Into A Supply Story
• Positive Sentiment: Market commentary highlights STX outperforming peers on a strong trading day, reinforcing momentum following recent quarterly beats and bullish coverage. Seagate Technology Holdings PLC stock outperforms competitors on strong trading day
• Positive Sentiment: Bernstein commentary noted Seagate (and peers) offer entry points after volatility, supporting buying interest from value/momentum traders. Seagate, SanDisk, WDC provide entry points after TurboQuant prompts plunge: Bernstein
• Neutral Sentiment: JPMorgan initiated coverage on STX (initiation may increase analyst visibility but tone wasn’t specified in the summary). JPMorgan Chase & Co. Initiates Coverage on Seagate Technology (NASDAQ:STX)
• Neutral Sentiment: Macro/industry pieces on AI-driven NAND and data growth signal broader demand tailwinds for storage infrastructure — supportive for long-term demand but indirect for HDD near‑term pricing. Will Rising AI Storage Needs Fuel Micron’s NAND Growth Through FY27?
• Neutral Sentiment: CEO William Mosley sold 20,000 shares under a pre-arranged Rule 10b5‑1 plan (disclosed to the SEC); planned insider sales are usually less alarming than ad‑hoc disposals. SEC filing: Mosley Form 4
• Negative Sentiment: Zacks downgraded Seagate from “strong‑buy” to “hold,” which can temper buy-side enthusiasm and weigh on sentiment. Zacks Downgrades Seagate
• Negative Sentiment: A Seeking Alpha piece warns the company may be richly valued at current levels despite being a good business, highlighting valuation risk for near‑term investors. Seagate: Good Company, But I Don’t Trust The Story At This Price

Insider Transactions at Seagate Technology

In other news, EVP James Ci Lee sold 673 shares of the company’s stock in a transaction dated Monday, January 26th. The shares were sold at an average price of $348.85, for a total transaction of $234,776.05. Following the completion of the transaction, the executive vice president owned 257 shares in the company, valued at approximately $89,654.45. This represents a 72.37% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO William D. Mosley sold 20,000 shares of the stock in a transaction dated Wednesday, April 1st. The stock was sold at an average price of $420.73, for a total transaction of $8,414,600.00. Following the completion of the sale, the chief executive officer directly owned 355,591 shares in the company, valued at approximately $149,607,801.43. This trade represents a 5.32% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 113,635 shares of company stock valued at $47,133,843 over the last three months. 0.79% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Evercore increased their price target on shares of Seagate Technology from $330.00 to $450.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 28th. Robert W. Baird upped their price objective on Seagate Technology from $270.00 to $505.00 and gave the company an “outperform” rating in a research note on Thursday, January 29th. Wedbush increased their target price on Seagate Technology from $290.00 to $380.00 and gave the stock an “outperform” rating in a report on Friday, January 23rd. Citigroup lifted their target price on Seagate Technology from $460.00 to $480.00 and gave the stock a “buy” rating in a research report on Friday, February 6th. Finally, KeyCorp set a $500.00 price target on Seagate Technology in a research report on Wednesday, January 28th. Nineteen investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $461.00.

Seagate Technology Price Performance

STX opened at $429.36 on Friday. The company has a quick ratio of 0.72, a current ratio of 1.12 and a debt-to-equity ratio of 7.63. The company’s 50-day moving average price is $402.67 and its 200 day moving average price is $312.36. Seagate Technology Holdings PLC has a fifty-two week low of $63.19 and a fifty-two week high of $459.84. The firm has a market cap of $93.63 billion, a price-to-earnings ratio of 48.57, a price-to-earnings-growth ratio of 0.94 and a beta of 1.61.

Seagate Technology (NASDAQ:STX) last issued its earnings results on Tuesday, January 27th. The data storage provider reported $3.11 EPS for the quarter, beating analysts’ consensus estimates of $2.77 by $0.34. The company had revenue of $2.83 billion during the quarter, compared to the consensus estimate of $2.73 billion. Seagate Technology had a negative return on equity of 936.38% and a net margin of 19.59%.Seagate Technology’s quarterly revenue was up 21.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.03 earnings per share. Seagate Technology has set its Q3 2026 guidance at 3.200-3.600 EPS. As a group, sell-side analysts expect that Seagate Technology Holdings PLC will post 6.83 earnings per share for the current year.

Seagate Technology Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 8th. Investors of record on Wednesday, March 25th will be paid a dividend of $0.74 per share. 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 is presently 33.48%.

About Seagate Technology

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.