Matrix Trust Co Makes New Investment in Seagate Technology Holdings PLC $STX

Posted by Geri Gentry on Oct 7th, 2026

Matrix Trust Co bought a new stake in shares of Seagate Technology Holdings PLC (NASDAQ:STX – Free Report) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 895 shares of the data storage provider’s stock, valued at approximately $825,000.

Several other large investors also recently modified their holdings of STX. Wellington Management Group LLP raised its stake in Seagate Technology by 2,655.9% in the second quarter. Wellington Management Group LLP now owns 2,414,136 shares of the data storage provider’s stock valued at $2,329,641,000 after purchasing an additional 2,326,538 shares in the last quarter. Janus Henderson Group PLC increased its holdings in Seagate Technology by 3,872.1% in the 1st quarter. Janus Henderson Group PLC now owns 967,528 shares of the data storage provider’s stock valued at $378,985,000 after buying an additional 943,170 shares during the period. Deutsche Bank AG raised its position in shares of Seagate Technology by 102.0% in the 4th quarter. Deutsche Bank AG now owns 1,599,962 shares of the data storage provider’s stock valued at $440,614,000 after buying an additional 807,962 shares in the last quarter. Amanah Holdings Trust bought a new position in Seagate Technology in the fourth quarter valued at approximately $79,801,000. Finally, Swedbank AB raised its position in Seagate Technology by 67.6% during 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 in the last quarter. 92.87% of the stock is owned by institutional investors and hedge funds.

Seagate Technology Trading Down 0.8%

Shares of STX stock traded down $6.84 during mid-day trading on Wednesday, reaching $798.79. 2,933,105 shares of the stock traded hands, compared to its average volume of 4,366,267. The company has a market cap of $181.64 billion, a price-to-earnings ratio of 57.41 and a beta of 2.06. The company has a quick ratio of 1.17, a current ratio of 1.67 and a debt-to-equity ratio of 1.56. The stock’s fifty day simple moving average is $857.23 and its two-hundred day simple moving average is $785.54. Seagate Technology Holdings PLC has a 1-year low of $209.00 and a 1-year high of $1,145.00.

Seagate Technology (NASDAQ:STX – Get Free Report) last posted its earnings results on Tuesday, July 28th. The data storage provider reported $5.71 EPS for the quarter, topping the consensus estimate of $5.10 by $0.61. Seagate Technology had a net margin of 26.11% and a return on equity of 369.98%. The business had revenue of $3.63 billion for the quarter, compared to the consensus estimate of $3.50 billion. During the same period last year, the company earned $2.59 EPS. The firm’s revenue was up 48.5% compared to the same quarter last year. Seagate Technology has set its Q1 2027 guidance at 7.100-7.500 EPS. On average, research analysts anticipate that Seagate Technology Holdings PLC will post 35.7 EPS for the current fiscal year.

Seagate Technology Announces Dividend

The business also recently announced 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 yield of 0.4%. The ex-dividend date of this dividend is Thursday, September 24th. Seagate Technology’s dividend payout ratio (DPR) is currently 21.33%.

More Seagate Technology News

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

Positive Sentiment: AI data-center construction is driving strong demand for high-capacity HDDs, which offer lower-cost storage for the massive datasets created by AI workloads. This supports Seagate’s nearline-drive business and its growth outlook. Seagate vs. Western Digital: Which HDD Stock Has More Room to Run?
Positive Sentiment: Some analysts argue that the earlier selloff was excessive because Seagate reportedly has nearline-drive contracts extending into 2027, potentially providing visibility despite near-term competitive concerns. Morgan Stanley also reportedly maintained a Buy rating. Morgan Stanley Remains a Buy on Seagate Tech
Neutral Sentiment: Seagate is reportedly competing with Toshiba to acquire TDK’s magnetic-heads business. The deal could strengthen Seagate’s supply chain and technology position, but a bidding contest could require several billion dollars and increase execution and financial risks. Seagate, Western Digital stocks are falling again
Negative Sentiment: Toshiba’s plan to double HDD production has revived fears that additional supply will weaken pricing, reduce scarcity and erode Seagate’s elevated margins. The news also pressured Western Digital, signaling a broader sector repricing. Seagate Stock Is Falling: The Hot Memory Play Has a Big Toshiba Problem
Negative Sentiment: Chief Executive William Mosley’s reported sale of approximately $17.4 million in STX shares shortly before the Toshiba announcement has added to investor unease, even though the transaction does not by itself indicate a change in business fundamentals. Seagate CEO Sold $17.4 Million Before Toshiba Drop

Insider Buying and Selling

In other Seagate Technology news, CEO William D. Mosley sold 97,889 shares of the company’s stock in a transaction dated Tuesday, September 15th. The stock was sold at an average price of $772.14, for a total value of $75,584,012.46. Following the sale, the chief executive officer owned 378,108 shares in the company, valued at approximately $291,952,311.12. The trade was a 20.57% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 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 value of $38,595,645.44. Following the completion of the sale, the chief financial officer directly 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. Insiders sold a total of 466,959 shares of company stock valued at $378,840,741 over the last 90 days. 0.51% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

STX has been the topic of a number of research analyst reports. Fox Advisors downgraded Seagate Technology from an “overweight” rating to an “equal weight” rating in a report on Monday, June 22nd. Wells Fargo & Company boosted their price target on Seagate Technology from $1,100.00 to $1,180.00 and gave the stock an “overweight” rating in a report on Wednesday, July 29th. Melius Research started coverage on Seagate Technology in a research report on Monday, June 29th. They set a “buy” rating and a $1,600.00 price objective for the company. Weiss Ratings cut Seagate Technology from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday. Finally, Sanford C. Bernstein reissued an “outperform” rating and issued a $1,350.00 target price on shares of Seagate Technology in a report on Wednesday, July 29th. Twenty-two investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $986.00.

Read Our Latest Stock Analysis on STX

About Seagate Technology

(Free Report)

Seagate Technology Holdings plc is a data storage technology company that designs, manufactures and supplies solutions for storing, managing and accessing digital information. Its product portfolio is centered on hard disk drives (HDDs), including high-capacity drives used in cloud data centers, enterprise environments, surveillance systems, network-attached storage and personal computing.

The company also offers solid-state drives (SSDs), storage systems, external storage products and related services.