Ethic Inc. Sells 699 Shares of Seagate Technology Holdings PLC $STX

Ethic Inc. decreased its position in shares of Seagate Technology Holdings PLC (NASDAQ:STX) by 3.5% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 19,468 shares of the data storage provider’s stock after selling 699 shares during the quarter. Ethic Inc.’s holdings in Seagate Technology were worth $5,361,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Capital City Trust Co. FL bought a new position in Seagate Technology during the fourth quarter worth $312,000. GRIMES & Co WEALTH MANAGEMENT LLC boosted its position in Seagate Technology by 20.2% during the fourth quarter. GRIMES & Co WEALTH MANAGEMENT LLC now owns 2,781 shares of the data storage provider’s stock valued at $766,000 after acquiring an additional 468 shares during the last quarter. JLB & Associates Inc. bought a new stake in Seagate Technology during the fourth quarter valued at $1,094,000. ASR Vermogensbeheer N.V. grew its holdings in Seagate Technology by 21.0% during the 4th quarter. ASR Vermogensbeheer N.V. now owns 23,471 shares of the data storage provider’s stock worth $6,463,000 after acquiring an additional 4,070 shares during the period. Finally, Crestwood Advisors Group LLC grew its holdings in Seagate Technology by 16.7% during the 4th quarter. Crestwood Advisors Group LLC now owns 1,204 shares of the data storage provider’s stock worth $332,000 after acquiring an additional 172 shares during the period. Institutional investors and hedge funds own 92.87% of the company’s stock.

Wall Street Analysts Forecast Growth

STX has been the topic of a number of recent analyst reports. Citigroup boosted their price objective on Seagate Technology from $595.00 to $740.00 and gave the company a “buy” rating in a research note on Wednesday, April 29th. BNP Paribas Exane raised their target price on Seagate Technology from $530.00 to $860.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 29th. UBS Group lifted their target price on Seagate Technology from $515.00 to $545.00 and gave the stock a “neutral” rating in a report on Wednesday, April 29th. China Renaissance boosted their price target on Seagate Technology from $325.00 to $452.00 and gave the company a “buy” rating in a research note on Thursday, January 15th. Finally, Morgan Stanley increased their price target on Seagate Technology from $582.00 to $767.00 and gave the stock an “overweight” rating in a report on Wednesday, April 29th. One analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $709.13.

Seagate Technology Stock Performance

Shares of STX opened at $782.64 on Monday. Seagate Technology Holdings PLC has a one year low of $95.63 and a one year high of $802.13. The company has a market cap of $175.49 billion, a PE ratio of 74.25 and a beta of 1.98. The stock has a 50-day moving average of $476.41 and a 200-day moving average of $369.68. The company has a debt-to-equity ratio of 3.16, a current ratio of 1.33 and a quick ratio of 0.85.

Seagate Technology (NASDAQ:STX) last posted its quarterly earnings results on Tuesday, April 28th. The data storage provider reported $4.10 earnings per share for the quarter, topping analysts’ consensus estimates of $3.51 by $0.59. Seagate Technology had a return on equity of 1,005.65% and a net margin of 21.60%.The business had revenue of $3.11 billion for the quarter, compared to the consensus estimate of $2.96 billion. During the same period in the prior year, the business earned $1.90 EPS. The firm’s revenue for the quarter was up 44.1% on a year-over-year basis. Seagate Technology has set its Q4 2026 guidance at 4.800-5.200 EPS. On average, equities research analysts predict that Seagate Technology Holdings PLC will post 14.1 EPS for the current fiscal year.

Seagate Technology Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 7th. Investors of record on Wednesday, June 24th will be issued a $0.74 dividend. This represents a $2.96 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date is Wednesday, June 24th. Seagate Technology’s dividend payout ratio (DPR) is currently 28.08%.

Insiders Place Their Bets

In related news, EVP James Ci Lee sold 697 shares of Seagate Technology stock in a transaction on Monday, May 4th. The shares were sold at an average price of $741.17, for a total value of $516,595.49. Following the completion of the sale, the executive vice president owned 324 shares of the company’s stock, valued at approximately $240,139.08. This trade represents a 68.27% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Gianluca Romano sold 1,902 shares of the company’s stock in a transaction on Thursday, May 7th. The stock was sold at an average price of $770.00, for a total transaction of $1,464,540.00. Following the transaction, the chief financial officer owned 40,945 shares in the company, valued at approximately $31,527,650. The trade was a 4.44% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 102,723 shares of company stock worth $53,301,684 in the last quarter. Insiders own 0.79% of the company’s stock.

Seagate Technology News Summary

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

• Positive Sentiment: Seagate is being highlighted by analysts and market commentary as a large-cap growth name benefiting from AI demand, with recent reports also pointing to strong earnings, higher price targets, and bullish calls that support the stock’s momentum. The Zacks Analyst Blog Highlights Micron Technology, Ciena, Seagate Technology, Five Below and Murphy USA
• Positive Sentiment: Seagate’s recent earnings beat and AI-focused storage push continue to underpin investor confidence, especially after management reported stronger revenue and profit and maintained shareholder returns through dividends and buybacks. Seagate (STX) Is Up 22.2% After Strong Q3 Results And AI Storage Push Has The Bull Case Changed?
• Positive Sentiment: Recent analyst upgrades and target increases from firms including Morgan Stanley and Goldman Sachs are reinforcing the view that Seagate has room for a higher valuation. Morgan Stanley Calls Seagate Technology Holdings (STX) a “Top Pick”
• Neutral Sentiment: A Finbold piece names Seagate among 2026’s best-performing S&P 500 stocks, which reflects strong relative performance but adds little new fundamental news. These are the top 3 best-performing S&P500 stock of 2026
• Neutral Sentiment: Seagate’s quarterly dividend announcement is supportive for income investors, but it is not likely to be a major near-term stock driver on its own. Seagate Technology stock and dividend details
• Negative Sentiment: Multiple insiders sold shares over the past couple of days, including a director and two executives, which can raise caution even though the trades were reportedly made under pre-arranged 10b5-1 plans. Stephanie Tilenius Sells 1,580 Shares of Seagate Technology (NASDAQ:STX) Stock
• Negative Sentiment: Additional insider selling from EVP James Ci Lee and EVP John Christopher Morris adds to the recent sell-side headline flow around the stock. James Ci Lee Sells 697 Shares of Seagate Technology (NASDAQ:STX) 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.