Advisors Capital Management LLC Has $49.92 Million Stake in Seagate Technology Holdings PLC $STX

Advisors Capital Management LLC has reduced its stake in Seagate Technology Holdings PLC (NASDAQ:STX) by 7.2% in the fourth quarter, now holding 181,266 shares valued at $49.92 million. Despite this reduction, broker sentiment has turned bullish on Seagate, with upgrades and increased price targets, primarily driven by anticipated AI-driven data storage demand and new product launches. Seagate also recently exceeded earnings expectations, though company insiders have sold a significant number of shares in the past 90 days.

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