2,168 Shares in Seagate Technology Holdings PLC $STX Bought by FDx Advisors Inc.

FDx Advisors Inc. purchased a new position in Seagate Technology Holdings PLC (NASDAQ:STX) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 2,168 shares of the data storage provider’s stock, valued at approximately $555,000.

Other hedge funds have also recently modified their holdings of the company. Sivia Capital Partners LLC grew its stake in shares of Seagate Technology by 2.6% in the third quarter. Sivia Capital Partners LLC now owns 1,865 shares of the data storage provider’s stock worth $440,000 after purchasing an additional 47 shares during the last quarter. Magnus Financial Group LLC grew its position in shares of Seagate Technology by 2.9% in the 3rd quarter. Magnus Financial Group LLC now owns 1,755 shares of the data storage provider’s stock worth $414,000 after buying an additional 49 shares during the last quarter. Lee Johnson Capital Management LLC increased its stake in shares of Seagate Technology by 0.9% during the third quarter. Lee Johnson Capital Management LLC now owns 5,546 shares of the data storage provider’s stock valued at $1,309,000 after buying an additional 50 shares during the period. Dynamic Advisor Solutions LLC lifted its stake in Seagate Technology by 3.8% in the third quarter. Dynamic Advisor Solutions LLC now owns 1,446 shares of the data storage provider’s stock worth $341,000 after acquiring an additional 53 shares during the period. Finally, Cornerstone Wealth Group LLC raised its holdings in Seagate Technology by 1.7% in the 3rd quarter. Cornerstone Wealth Group LLC now owns 3,510 shares of the data storage provider’s stock worth $829,000 after purchasing an additional 57 shares in the last quarter. Hedge funds and other institutional investors own 92.87% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on STX. KeyCorp set a $500.00 price target on Seagate Technology in a research note on Wednesday. Sanford C. Bernstein upped their target price on shares of Seagate Technology from $275.00 to $370.00 and gave the stock an “outperform” rating in a research report on Thursday, November 6th. The Goldman Sachs Group lifted their price target on shares of Seagate Technology from $310.00 to $385.00 and gave the company a “buy” rating in a research report on Wednesday. TD Cowen boosted their price objective on shares of Seagate Technology from $340.00 to $500.00 and gave the stock a “buy” rating in a research note on Wednesday. Finally, Barclays raised 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 note on Wednesday. One analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, Seagate Technology presently has a consensus rating of “Moderate Buy” and an average price target of $417.57.

Seagate Technology Stock Down 8.7%

NASDAQ:STX opened at $407.69 on Friday. The company has a debt-to-equity ratio of 7.63, a quick ratio of 0.62 and a current ratio of 1.12. The firm has a market cap of $87.07 billion, a P/E ratio of 46.12, a P/E/G ratio of 1.06 and a beta of 1.60. Seagate Technology Holdings PLC has a fifty-two week low of $63.19 and a fifty-two week high of $457.84. The firm has a 50-day simple moving average of $304.66 and a two-hundred day simple moving average of $239.04.

Seagate Technology (NASDAQ:STX) last posted its quarterly 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. 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 analysts’ expectations of $2.73 billion. During the same quarter in the prior year, the company posted $2.03 earnings per share. The business’s revenue for the quarter was up 21.5% on a year-over-year basis. Seagate Technology has set its Q3 2026 guidance at 3.200-3.600 EPS. Analysts predict 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 declared a quarterly dividend, which will be paid on Wednesday, April 8th. Stockholders of record on Wednesday, March 25th will be paid a $0.74 dividend. The ex-dividend date is Wednesday, March 25th. This represents a $2.96 annualized dividend and a dividend yield of 0.7%. Seagate Technology’s payout ratio is currently 33.48%.

Seagate Technology News Roundup

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

• Positive Sentiment: Q2 beat and raised guidance — Seagate topped EPS and revenue expectations and issued stronger Q3 EPS guidance, which is the primary fundamental catalyst for the rally. Seagate Q2 Highlights
• Positive Sentiment: “Sold out through 2026” demand commentary — Management said AI-driven data-center demand has Seagate effectively sold out, supporting revenue visibility and pricing power for nearline HDD capacity. Seagate Sold Out Through 2026
• Positive Sentiment: Earnings-estimate momentum — Analysts have been raising earnings estimates for STX, supporting further upside expectations. Earnings Estimates Rising for Seagate (STX)
• Positive Sentiment: Multiple price-target/rating upgrades — Several brokers (Argus, Citigroup, Evercore, Robert W. Baird, Cantor, etc.) raised targets and/or upgraded ratings after the print, amplifying momentum and institutional flows. Argus Adjusts Price Target on Seagate
• Neutral Sentiment: Dividend maintained — Company declared a quarterly dividend (modest yield ~0.7%); shareholder-friendly but not a primary driver of the move.
• Neutral Sentiment: Mixed analyst views remain — while many houses hiked targets, a subset of major banks still show more conservative targets, indicating differing views on how sustainable the rally and valuations are. Analyst Rating Coverage
• Negative Sentiment: Valuation/overbought warnings — Some commentary flags STX as potentially overbought with premium valuations after the run, which could invite profit-taking or a pullback. Seagate Suffers From AI Success
• Negative Sentiment: Insider sale — An EVP recently sold a small block of shares; while small relative to market cap, insider selling can be read negatively by some investors. SEC Form 4

Insider Activity

In other news, Director Yolanda Lee Conyers sold 750 shares of the firm’s stock in a transaction dated 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 owned 5,601 shares of the company’s stock, valued at $1,528,568.91. This trade represents a 11.81% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO William D. Mosley sold 20,000 shares of Seagate Technology stock in a transaction that occurred on Friday, January 2nd. The stock was sold at an average price of $285.56, for a total transaction of $5,711,200.00. Following the completion of the sale, the chief executive officer owned 429,895 shares of the company’s stock, valued at $122,760,816.20. This represents a 4.45% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 124,902 shares of company stock valued at $34,819,987. Corporate insiders own 0.79% of the company’s stock.

Seagate Technology 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.