Seagate Technology Holdings PLC $STX Stock: VIRGINIA RETIREMENT SYSTEMS ET Al Decreases Holdings

VIRGINIA RETIREMENT SYSTEMS ET Al reduced its position in shares of Seagate Technology Holdings PLC (NASDAQ:STX) by 8.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 111,699 shares of the data storage provider’s stock after selling 10,480 shares during the quarter. Seagate Technology accounts for approximately 0.6% of VIRGINIA RETIREMENT SYSTEMS ET Al’s investment portfolio, making the stock its 22nd biggest holding. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in Seagate Technology were worth $103,024,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the business. Wellington Management Group LLP raised its holdings in Seagate Technology by 2,655.9% in the 2nd quarter. Wellington Management Group LLP now owns 2,414,136 shares of the data storage provider’s stock worth $2,329,641,000 after purchasing an additional 2,326,538 shares during the period. Janus Henderson Group PLC grew its holdings in Seagate Technology by 3,872.1% in 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 during the period. Swedbank AB grew its holdings in Seagate Technology by 67.6% in the first quarter. Swedbank AB now owns 709,160 shares of the data storage provider’s stock valued at $277,821,000 after purchasing an additional 285,949 shares during the period. Amundi grew its holdings in Seagate Technology by 32.2% in the first quarter. Amundi now owns 965,565 shares of the data storage provider’s stock valued at $378,267,000 after purchasing an additional 235,359 shares during the period. Finally, Hsbc Holdings PLC increased its position in shares of Seagate Technology by 119.7% in the first quarter. Hsbc Holdings PLC now owns 378,527 shares of the data storage provider’s stock valued at $147,753,000 after buying an additional 206,196 shares in the last quarter. 92.87% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Seagate Technology

In other Seagate Technology news, EVP Ban Teh sold 52,730 shares of the stock in a transaction dated Tuesday, September 15th. The shares were sold at an average price of $782.08, for a total value of $41,239,078.40. Following the completion of the sale, the executive vice president owned 5,810 shares in the company, valued at approximately $4,543,884.80. This represents a 90.08% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Gianluca Romano sold 49,984 shares of the stock in a transaction dated Tuesday, September 15th. The shares were sold at an average price of $772.16, for a total transaction of $38,595,645.44. Following the completion of the sale, the chief financial officer owned 70,756 shares of the company’s stock, valued at approximately $54,634,952.96. The trade was a 41.40% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last three months, insiders sold 466,812 shares of company stock valued at $378,583,042. Corporate insiders own 0.51% of the company’s stock.

Seagate Technology Trading Down 8.0%

Shares of STX stock opened at $644.58 on Friday. The stock’s fifty day moving average is $799.09 and its two-hundred day moving average is $688.41. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.17 and a current ratio of 1.82. The firm has a market capitalization of $146.57 billion, a P/E ratio of 33.85 and a beta of 2.06. Seagate Technology Holdings PLC has a fifty-two week low of $228.61 and a fifty-two week high of $1,145.00.

Seagate Technology (NASDAQ:STX) last announced its earnings results on Tuesday, October 27th. The data storage provider reported $7.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.44 by $0.24. Seagate Technology had a net margin of 31.86% and a return on equity of 252.47%. The company had revenue of $4.23 billion for the quarter, compared to analysts’ expectations of $4.15 billion. During the same quarter in the previous year, the company posted $2.61 EPS. The firm’s quarterly revenue was up 61.0% on a year-over-year basis. Research analysts expect that Seagate Technology Holdings PLC will post 36.37 earnings per share for the current fiscal year.

Seagate Technology Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 7th. Stockholders of record on Wednesday, December 23rd will be paid a $0.76 dividend. This is an increase from Seagate Technology’s previous quarterly dividend of $0.74. This represents a $3.04 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend is Wednesday, December 23rd. Seagate Technology’s payout ratio is 15.55%.

Analyst Ratings Changes

Several research analysts have recently weighed in on STX shares. Wedbush reaffirmed an “outperform” rating and set a $1,000.00 target price on shares of Seagate Technology in a research note on Wednesday. Zacks Research cut shares of Seagate Technology from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 28th. Argus boosted their price target 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. Barclays boosted their price target on shares of Seagate Technology from $1,000.00 to $1,250.00 and gave the stock an “overweight” rating in a report on Thursday, July 30th. Finally, Evercore restated an “outperform” rating on shares of Seagate Technology in a research report on Wednesday. Twenty-two equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $1,000.88.

Seagate Technology News Summary

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

• Positive Sentiment: Seagate reported fiscal Q1 2027 revenue of approximately $4.23 billion, up 61% year over year, and non-GAAP EPS of $7.68, exceeding the $7.44 consensus estimate. Record free cash flow of roughly $1.5 billion, stronger pricing and robust mass-capacity demand support the company’s AI and cloud-storage growth outlook. Seagate Q1 Earnings Ride Record Cash Flow and AI Demand
• Positive Sentiment: Analysts continue to highlight Seagate’s exposure to expanding data-center capacity needs. Some commentary favors STX over Western Digital because of its higher return on equity, lower forward valuation and record cash generation. Western Digital vs. Seagate
• Positive Sentiment: Seagate announced a dividend increase, adding to its appeal for income-oriented investors during market volatility and ongoing inflation and interest-rate uncertainty. Stocks That Declared Dividend Hikes
• Positive Sentiment: Wedbush maintained an “Outperform” rating, while Morgan Stanley reportedly reduced its target but still sees substantial potential upside, indicating that some analysts view the pullback as an opportunity. Wedbush Outperform Rating
• Neutral Sentiment: The earnings response has been muted because elevated expectations appear to have been largely priced into STX after its substantial prior run. Investors are weighing excellent results against valuation, future growth assumptions and the sustainability of AI-driven demand. Post-Earnings Pullback
• Negative Sentiment: Seagate is declining alongside Sandisk, Western Digital and Micron in a broader semiconductor and memory-stock selloff, suggesting sector-wide profit-taking is outweighing the company’s earnings beat. Storage and Memory Stocks Sell Off
• Negative Sentiment: TD Cowen, Morgan Stanley, Citigroup, Susquehanna and Wells Fargo lowered their price targets or forecasts. Summit Insights also downgraded the stock, creating near-term pressure even though several firms remain constructive. TD Cowen Cuts Seagate Price Target

About Seagate Technology

Seagate Technology Holdings plc (NASDAQ: STX) is a data storage company that develops and manufactures mass-capacity storage products and solutions. Its portfolio is centered on hard disk drives (HDDs) used in cloud data centers, enterprise systems, network-attached storage, video and imaging applications, and personal computers.

The company also provides storage-related services and solutions designed to help organizations store, manage, protect, and access large volumes of digital information.