Seagate Technology Holdings PLC $STX Shares Sold by VIRGINIA RETIREMENT SYSTEMS ET Al

VIRGINIA RETIREMENT SYSTEMS ET Al trimmed its position in shares of Seagate Technology Holdings PLC (NASDAQ:STX) by 19.2% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 199,800 shares of the data storage provider’s stock after selling 47,500 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in Seagate Technology were worth $55,023,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in STX. Integrated Wealth Concepts LLC increased its holdings in shares of Seagate Technology by 168.0% during the 1st quarter. Integrated Wealth Concepts LLC now owns 7,177 shares of the data storage provider’s stock worth $610,000 after buying an additional 4,499 shares during the last quarter. Sivia Capital Partners LLC acquired a new stake in shares of Seagate Technology during the 2nd quarter worth $262,000. Cerity Partners LLC increased its holdings in shares of Seagate Technology by 25.8% during the 2nd quarter. Cerity Partners LLC now owns 36,682 shares of the data storage provider’s stock worth $5,294,000 after buying an additional 7,517 shares during the last quarter. Sei Investments Co. increased its holdings in shares of Seagate Technology by 64.8% during the 2nd quarter. Sei Investments Co. now owns 8,543 shares of the data storage provider’s stock worth $1,233,000 after buying an additional 3,358 shares during the last quarter. Finally, The Manufacturers Life Insurance Company increased its holdings in shares of Seagate Technology by 0.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 127,887 shares of the data storage provider’s stock worth $18,458,000 after buying an additional 462 shares during the last quarter. 92.87% of the stock is currently owned by institutional investors and hedge funds.

Seagate Technology Stock Performance

NASDAQ:STX opened at $808.79 on Wednesday. The company has a debt-to-equity ratio of 3.16, a current ratio of 1.33 and a quick ratio of 0.85. The firm has a 50-day moving average of $500.14 and a two-hundred day moving average of $382.23. The stock has a market cap of $181.35 billion, a P/E ratio of 76.74 and a beta of 1.98. Seagate Technology Holdings PLC has a 1-year low of $101.55 and a 1-year high of $841.31.

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

Seagate Technology Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 7th. Shareholders of record on Wednesday, June 24th will be given a $0.74 dividend. This represents a $2.96 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend is Wednesday, June 24th. Seagate Technology’s dividend payout ratio is presently 28.08%.

Key Headlines Impacting Seagate Technology

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

• Positive Sentiment: Evercore raised its price target on Seagate Technology from $750 to $1,000 and reiterated an outperform rating, signaling confidence in further upside from current levels.
• Positive Sentiment: BofA Securities lifted its price target to $840 from $700 and kept a Buy rating after Seagate delivered strong fiscal third-quarter 2026 results, reinforcing optimism around earnings and demand. Seagate Technology Holdings Plc (STX) Poised for Robust Growth as a Top Tech Stock in Louis Navellier’s Portfolio
• Positive Sentiment: Market commentary notes Seagate has been one of the standout tech performers in 2026, with the stock hitting all-time highs amid a multi-quarter earnings inflection and strong sector appetite for memory-related names. Seagate Technology (STX) At Its All-Time High Following A Multi-Quarter Earnings Inflection
• Neutral Sentiment: Reports showing increased attention on memory-focused funds, such as the Roundhill Memory ETF, support broader investor enthusiasm for the storage and memory cycle, which may be helping sentiment toward Seagate.
• Negative Sentiment: There was a reported increase in short interest, but the filing data appears inconsistent and showed zero shares outstanding, so this looks unlikely to be a meaningful bearish catalyst.

Insider Buying and Selling at Seagate Technology

In other news, CFO Gianluca Romano sold 22,488 shares of the stock in a transaction dated Wednesday, May 6th. The shares were sold at an average price of $774.22, for a total transaction of $17,410,659.36. Following the transaction, the chief financial officer owned 42,847 shares of the company’s stock, valued at approximately $33,173,004.34. This trade represents a 34.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Stephanie Tilenius sold 1,580 shares of the stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of $766.61, for a total transaction of $1,211,243.80. Following the transaction, the director directly owned 10,664 shares in the company, valued at $8,175,129.04. The trade was a 12.90% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 102,723 shares of company stock valued at $53,301,684. Corporate insiders own 0.79% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on STX shares. China Renaissance upped their price objective on Seagate Technology from $325.00 to $452.00 and gave the stock a “buy” rating in a report on Thursday, January 15th. Bank of America increased their price target on Seagate Technology from $700.00 to $840.00 and gave the company a “buy” rating in a report on Monday, April 27th. Citigroup increased their price target on Seagate Technology from $595.00 to $740.00 and gave the company a “buy” rating in a report on Wednesday, April 29th. Argus increased their price target on Seagate Technology from $450.00 to $750.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Finally, Mizuho increased their price target on Seagate Technology from $565.00 to $700.00 and gave the company an “outperform” rating in a report on Wednesday, April 29th. One research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $719.54.

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.