Keel Point LLC Sells 754 Shares of Seagate Technology Holdings PLC $STX

Keel Point LLC decreased its position in shares of Seagate Technology Holdings PLC (NASDAQ:STX) by 53.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 668 shares of the data storage provider’s stock after selling 754 shares during the quarter. Keel Point LLC’s holdings in Seagate Technology were worth $262,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in STX. Massachusetts Financial Services Co. MA increased its position in Seagate Technology by 1,510.1% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 2,008,516 shares of the data storage provider’s stock valued at $553,125,000 after purchasing an additional 1,883,769 shares during the period. Norges Bank purchased a new stake in shares of Seagate Technology in the 4th quarter worth approximately $498,363,000. Soroban Capital Partners LP lifted its position in shares of Seagate Technology by 1,468.1% in the 2nd quarter. Soroban Capital Partners LP now owns 1,417,600 shares of the data storage provider’s stock worth $204,602,000 after purchasing an additional 1,327,197 shares during the period. Janus Henderson Group PLC boosted its stake in shares of Seagate Technology by 3,872.1% during the first quarter. Janus Henderson Group PLC now owns 967,528 shares of the data storage provider’s stock valued at $378,985,000 after purchasing an additional 943,170 shares in the last quarter. Finally, Deutsche Bank AG boosted its stake in shares of Seagate Technology by 102.0% during the fourth quarter. Deutsche Bank AG now owns 1,599,962 shares of the data storage provider’s stock valued at $440,614,000 after purchasing an additional 807,962 shares in the last quarter. 92.87% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on STX. Bank of America lifted their price target on Seagate Technology from $1,000.00 to $1,150.00 and gave the company a “buy” rating in a report on Wednesday, July 1st. Argus boosted their target price on shares of Seagate Technology from $750.00 to $900.00 and gave the stock a “buy” rating in a report on Thursday, July 30th. Fox Advisors lowered shares of Seagate Technology from an “overweight” rating to an “equal weight” rating in a research report on Monday, June 22nd. Susquehanna raised their price target on shares of Seagate Technology from $775.00 to $875.00 and gave the company a “neutral” rating in a report on Wednesday, July 29th. Finally, Mizuho lifted their price objective on shares of Seagate Technology from $875.00 to $1,090.00 and gave the stock an “outperform” rating in a research report on Monday, June 8th. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Seagate Technology presently has a consensus rating of “Moderate Buy” and an average price target of $986.00.

Insider Activity at Seagate Technology

In other news, EVP Ban Seng Teh sold 8,003 shares of the stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $817.28, for a total value of $6,540,691.84. Following the completion of the sale, the executive vice president directly owned 3,691 shares in the company, valued at $3,016,580.48. This represents a 68.44% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO William D. Mosley sold 30,000 shares of the company’s stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $751.29, for a total transaction of $22,538,700.00. Following the sale, the chief executive officer directly owned 339,591 shares of the company’s stock, valued at approximately $255,131,322.39. This represents a 8.12% 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. In the last ninety days, insiders sold 143,860 shares of company stock valued at $120,918,795. 0.79% of the stock is owned by insiders.

Trending Headlines about Seagate Technology

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

• Positive Sentiment: Long-term AI orders are improving visibility. BNP Paribas highlighted unusually strong, long-term customer commitments, suggesting Seagate may have better revenue visibility than is typical for a cyclical storage company. That could support more durable growth and justify a favorable outlook. BNP Paribas Resets Seagate Target After Stunning AI Signal
• Positive Sentiment: Recent results and guidance exceeded expectations. Seagate reported quarterly earnings of $5.71 per share versus the $5.10 consensus estimate, while revenue of $3.63 billion topped forecasts of $3.50 billion and increased 48.5% year over year. Its $7.10-$7.50 per-share outlook for the next quarter also came in above expectations, reinforcing the AI-driven demand story. Seagate Rallies on Strong Q4 Results and Guidance
• Positive Sentiment: Industry AI spending remains a tailwind. Big Tech is expected to spend more than $750 billion on AI infrastructure in 2026, potentially benefiting Seagate and other storage suppliers as demand for data-center capacity expands. The Zacks Analyst Blog Highlights Micron, Seagate, Western Digital, Sandisk and Vertiv
• Neutral Sentiment: Executive selling was disclosed. EVP James Ci Lee sold 694 shares worth approximately $609,000 under a pre-arranged Rule 10b5-1 trading plan. The sale reduced his holdings by two-thirds, but the scheduled nature of the transaction limits its significance as a signal about management’s outlook.
• Negative Sentiment: Storage stocks faced broad sector pressure. Seagate declined alongside Western Digital, Micron and other memory names as investors cooled on the group. The move suggests profit-taking and concerns about cyclical demand or elevated valuations, with STX trading at a high earnings multiple after a substantial rally. Seagate and Western Digital Dive as Memory Stocks Cool

Seagate Technology Stock Performance

Shares of STX stock opened at $831.06 on Tuesday. The stock has a market cap of $186.35 billion, a PE ratio of 59.87 and a beta of 2.06. Seagate Technology Holdings PLC has a 52-week low of $144.75 and a 52-week high of $1,145.00. The business has a 50-day simple moving average of $897.28 and a 200-day simple moving average of $633.59. The company has a quick ratio of 1.17, a current ratio of 1.67 and a debt-to-equity ratio of 1.56.

Seagate Technology (NASDAQ:STX) last announced its quarterly earnings results on Tuesday, July 28th. The data storage provider reported $5.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.10 by $0.61. The firm had revenue of $3.63 billion for the quarter, compared to the consensus estimate of $3.50 billion. Seagate Technology had a net margin of 26.11% and a return on equity of 369.98%. The firm’s quarterly revenue was up 48.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.59 earnings per share. Seagate Technology has set its Q1 2027 guidance at 7.100-7.500 EPS. On average, equities analysts expect that Seagate Technology Holdings PLC will post 33.08 EPS for the current year.

Seagate Technology Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 7th. Investors of record on Thursday, September 24th will be given a dividend of $0.74 per share. This represents a $2.96 annualized dividend and a dividend yield of 0.4%. The ex-dividend date is Thursday, September 24th. Seagate Technology’s payout ratio is presently 21.33%.

About Seagate Technology

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.