Seagate Technology Holdings PLC $STX Stock Position Lessened by Maple Rock Capital Partners Inc.

Posted by Geri Gentry on Sep 1st, 2026

Maple Rock Capital Partners Inc. trimmed its holdings in Seagate Technology Holdings PLC (NASDAQ:STX – Free Report) by 43.6% during the second quarter, HoldingsChannel.com reports. The fund owned 301,162 shares of the data storage provider’s stock after selling 232,823 shares during the period. Seagate Technology makes up approximately 5.8% of Maple Rock Capital Partners Inc.’s holdings, making the stock its 2nd largest holding. Maple Rock Capital Partners Inc.’s holdings in Seagate Technology were worth $290,621,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Bridgewater Advisors Inc. increased its stake in Seagate Technology by 0.9% in the first quarter. Bridgewater Advisors Inc. now owns 1,477 shares of the data storage provider’s stock valued at $579,000 after purchasing an additional 13 shares during the period. Annis Gardner Whiting Capital Advisors LLC boosted its stake in shares of Seagate Technology by 23.1% during the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 80 shares of the data storage provider’s stock worth $31,000 after buying an additional 15 shares during the period. Beaumont Financial Advisors LLC boosted its stake in shares of Seagate Technology by 2.1% during the first quarter. Beaumont Financial Advisors LLC now owns 820 shares of the data storage provider’s stock worth $321,000 after buying an additional 17 shares during the period. Cornerstone Wealth Group LLC grew its holdings in shares of Seagate Technology by 0.5% during the first quarter. Cornerstone Wealth Group LLC now owns 3,542 shares of the data storage provider’s stock worth $1,388,000 after buying an additional 19 shares during the last quarter. Finally, WealthCollab LLC grew its holdings in shares of Seagate Technology by 27.4% during the first quarter. WealthCollab LLC now owns 93 shares of the data storage provider’s stock worth $36,000 after buying an additional 20 shares during the last quarter. Hedge funds and other institutional investors own 92.87% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on STX. Zacks Research raised Seagate Technology from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 28th. China Renaissance boosted their target price on Seagate Technology from $802.00 to $983.00 in a report on Friday, June 12th. Wells Fargo & Company increased 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. Argus lifted their price objective on shares of Seagate Technology from $750.00 to $900.00 and gave the company a “buy” rating in a research report on Thursday, July 30th. Finally, Rosenblatt Securities boosted their price objective on shares of Seagate Technology from $1,300.00 to $1,400.00 and gave the company a “buy” rating in a research note on Wednesday, July 29th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, Seagate Technology presently has an average rating of “Moderate Buy” and an average target price of $986.00.

View Our Latest Stock Report on Seagate Technology

Insiders Place Their Bets

In other news, EVP Ban Seng Teh sold 9,862 shares of the company’s stock in a transaction on Friday, August 21st. The shares were sold at an average price of $852.97, for a total transaction of $8,411,990.14. Following the transaction, the executive vice president directly owned 5,210 shares of the company’s stock, valued at $4,443,973.70. This represents a 65.43% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP James Ci Lee sold 9,013 shares of the stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $794.84, for a total transaction of $7,163,892.92. Following the completion of the transaction, the executive vice president owned 347 shares of the company’s stock, valued at $275,809.48. This represents a 96.29% 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. Over the last three months, insiders have sold 162,015 shares of company stock worth $137,693,196. 0.79% of the stock is owned by insiders.

Seagate Technology Price Performance

Shares of STX opened at $828.38 on Tuesday. Seagate Technology Holdings PLC has a twelve month low of $163.86 and a twelve month high of $1,145.00. The stock’s 50 day moving average is $865.57 and its two-hundred day moving average is $700.60. The firm has a market capitalization of $187.75 billion, a PE ratio of 59.68 and a beta of 2.06. The company has a current ratio of 1.67, a quick ratio of 1.17 and a debt-to-equity ratio of 1.56.

Seagate Technology (NASDAQ:STX – Get Free Report) last issued its 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 business had revenue of $3.63 billion during the quarter, compared to the consensus estimate of $3.50 billion. Seagate Technology had a return on equity of 369.98% and a net margin of 26.11%.The company’s revenue for the quarter was up 48.5% on a year-over-year basis. During the same period in the prior year, the business posted $2.59 EPS. Seagate Technology has set its Q1 2027 guidance at 7.100-7.500 EPS. Research analysts anticipate that Seagate Technology Holdings PLC will post 35.7 earnings per share for the current year.

Seagate Technology Announces Dividend

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

Seagate Technology Profile

(Free Report)

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.