Windward Capital Management Co. CA Sells 3,637 Shares of Seagate Technology Holdings PLC $STX

Windward Capital Management Co. CA lowered its stake in Seagate Technology Holdings PLC (NASDAQ:STX) by 6.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 52,255 shares of the data storage provider’s stock after selling 3,637 shares during the quarter. Seagate Technology makes up approximately 1.1% of Windward Capital Management Co. CA’s investment portfolio, making the stock its 27th largest position. Windward Capital Management Co. CA’s holdings in Seagate Technology were worth $14,390,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. Salomon & Ludwin LLC grew its holdings in shares of Seagate Technology by 124.4% during the 4th quarter. Salomon & Ludwin LLC now owns 92 shares of the data storage provider’s stock valued at $27,000 after purchasing an additional 51 shares during the last quarter. Rakuten Securities Inc. lifted its stake in Seagate Technology by 884.2% in the 2nd quarter. Rakuten Securities Inc. now owns 187 shares of the data storage provider’s stock valued at $27,000 after purchasing an additional 168 shares during the last quarter. Armstrong Advisory Group Inc. acquired a new stake in Seagate Technology in the fourth quarter valued at approximately $28,000. Avion Wealth grew its stake in shares of Seagate Technology by 343.5% during the fourth quarter. Avion Wealth now owns 102 shares of the data storage provider’s stock worth $28,000 after buying an additional 79 shares during the last quarter. Finally, First Horizon Corp bought a new stake in shares of Seagate Technology during the third quarter worth $33,000. 92.87% of the stock is currently owned by institutional investors and hedge funds.

Seagate Technology Trading Up 1.3%

NASDAQ STX opened at $587.62 on Friday. Seagate Technology Holdings PLC has a 12 month low of $79.14 and a 12 month high of $607.89. The company has a current ratio of 1.12, a quick ratio of 0.72 and a debt-to-equity ratio of 7.63. The firm has a market capitalization of $128.14 billion, a PE ratio of 66.47, a price-to-earnings-growth ratio of 0.96 and a beta of 1.61. The business’s 50-day moving average price is $434.69 and its two-hundred day moving average price is $342.52.

Seagate Technology (NASDAQ:STX) last posted its quarterly earnings data on Tuesday, January 27th. The data storage provider reported $3.11 earnings per share for the quarter, topping the consensus estimate of $2.77 by $0.34. The company had revenue of $2.83 billion during the quarter, compared to analysts’ expectations of $2.73 billion. Seagate Technology had a net margin of 19.59% and a negative return on equity of 936.38%. Seagate Technology’s revenue for the quarter was up 21.5% compared to the same quarter last year. During the same period in the prior year, the company posted $2.03 earnings per share. Seagate Technology has set its Q3 2026 guidance at 3.200-3.600 EPS. On average, analysts expect that Seagate Technology Holdings PLC will post 12.13 EPS for the current year.

Seagate Technology Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 8th. Shareholders of record on Wednesday, March 25th were issued a dividend of $0.74 per share. This represents a $2.96 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend was Wednesday, March 25th. Seagate Technology’s payout ratio is presently 33.48%.

Key Headlines Impacting Seagate Technology

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

• Positive Sentiment: Barclays upgraded STX to Overweight and raised its price target to $625 (from $425), citing more runway for AI‑driven HDD demand — this is the main catalyst lifting sentiment. Seagate Technology (NASDAQ:STX) Raised to Overweight at Barclays
• Positive Sentiment: Additional analyst upgrades and positive notes (including UBS and other outlets) are increasing buy‑side conviction and short‑term demand. Seagate Technology (NASDAQ:STX) Stock Price Up 3.6% on Analyst Upgrade
• Positive Sentiment: Seagate unveiled new consumer/prosumer high‑capacity drives positioned for AI‑driven creative workflows, gaming and the consumer data explosion — supports revenue/growth thesis tied to AI storage demand. Seagate Introduces Storage Built for Consumer Data Explosion
• Neutral Sentiment: Defiance launched STXL, a 2x leveraged single‑stock ETF tracking STX — this can amplify trading flows and volatility in STX shares but does not change fundamentals. Defiance Launches STXL: 2X Leveraged ETF on Seagate Technology Holdings plc
• Neutral Sentiment: Broader media coverage (features, listicles and TV mentions) is amplifying retail/institutional attention; helpful for momentum but mixed on timing/valuation implications. 1 Mooning Stock with Exciting Potential and 2 We Turn Down

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on STX. Argus increased their price target on Seagate Technology from $300.00 to $450.00 and gave the company a “buy” rating in a research note on Thursday, January 29th. Cantor Fitzgerald boosted their price objective on Seagate Technology from $500.00 to $650.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 4th. KeyCorp set a $500.00 target price on Seagate Technology in a research report on Wednesday, January 28th. Rosenblatt Securities lifted their price target on Seagate Technology from $370.00 to $500.00 and gave the company a “buy” rating in a research note on Wednesday, January 28th. Finally, Wells Fargo & Company boosted their price target on Seagate Technology from $360.00 to $450.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 28th. Twenty equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $518.29.

Insider Buying and Selling at Seagate Technology

In other Seagate Technology news, CEO William D. Mosley sold 24,584 shares of Seagate Technology stock in a transaction that occurred on Thursday, March 19th. The shares were sold at an average price of $406.77, for a total transaction of $10,000,033.68. Following the completion of the sale, the chief executive officer directly owned 375,591 shares in the company, valued at $152,779,151.07. The trade was a 6.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Kian Fatt Chong sold 5,846 shares of the company’s stock in a transaction on Monday, February 23rd. The shares were sold at an average price of $416.48, for a total transaction of $2,434,742.08. The disclosure for this sale is available in the SEC filing. Insiders sold 112,223 shares of company stock valued at $46,711,217 over the last 90 days. Insiders own 0.79% of the company’s stock.

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.