Concurrent Investment Advisors expands Seagate position
Concurrent Investment Advisors LLC increased its holdings in Seagate Technology Holdings PLC by 47.7% during the second quarter, according to the fund's most recent SEC filing summarized on September 5, 2026. The firm acquired an additional 4,209 shares, ending the period with 13,030 shares valued at $12,573,000. The transaction was reported in a market notice identifying Concurrent as one of several institutional managers adjusting positions in the data storage provider.
Other institutional managers adjust their stakes
The same disclosure round cited additional moves by other holders. NewEdge Advisors LLC grew its position by 85.9% in the first quarter to 22,046 shares worth $8,637,000. GLOBALT Investments LLC GA boosted its stake by 820.8% in the fourth quarter to 9,760 shares valued at $2,688,000, while ASR Vermogensbeheer N.V. lifted its holding by 21.0% to 23,471 shares worth $6,463,000 in the same period. Tredje AP fonden expanded its position by 446.6% to 111,339 shares worth $30,662,000. The filings also indicated that institutional investors collectively own 92.87% of Seagate.
Seagate's quarterly results and forward guidance
Seagate reported quarterly revenue rising 48.5% year over year to $3.63 billion, with EPS of $5.71 exceeding analyst estimates. The company guided to fiscal Q1 2027 EPS of $7.10–$7.50 and declared a quarterly dividend of $0.74 per share, implying a 0.3% annualized yield. Analysts maintained a "Moderate Buy" consensus with an average price target of $986.
Insider selling under 10b5-1 plans
Despite the operating momentum attributed to AI-driven data-center storage demand, insiders sold shares under pre-arranged 10b5-1 plans, including CEO William Mosley's approximately $24.5 million sale. The disclosure coincided with the institutional buying reports dated September 5, 2026.
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