Seagate Technology Holdings PLC $STX Stock Sold by Valley Wealth Managers Inc.

Posted by Brenda Bartman on Oct 10th, 2026

Valley Wealth Managers Inc. trimmed its position in shares of Seagate Technology Holdings PLC (NASDAQ:STX – Free Report) by 2.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 56,007 shares of the data storage provider’s stock after selling 1,616 shares during the period. Seagate Technology comprises 2.6% of Valley Wealth Managers Inc.’s holdings, making the stock its 6th biggest holding. Valley Wealth Managers Inc.’s holdings in Seagate Technology were worth $51,657,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the company. Balefire LLC boosted its holdings in Seagate Technology by 10.0% during the 3rd quarter. Balefire LLC now owns 880 shares of the data storage provider’s stock valued at $812,000 after acquiring an additional 80 shares during the period. Bullock Wealth Management Group lifted its position in shares of Seagate Technology by 3.1% during the third quarter. Bullock Wealth Management Group now owns 561 shares of the data storage provider’s stock worth $531,000 after purchasing an additional 17 shares during the last quarter. Riversedge Advisors LLC lifted its position in shares of Seagate Technology by 18.4% during the third quarter. Riversedge Advisors LLC now owns 727 shares of the data storage provider’s stock worth $671,000 after purchasing an additional 113 shares during the last quarter. Wedmont Private Capital grew its holdings in shares of Seagate Technology by 76.0% in the third quarter. Wedmont Private Capital now owns 1,667 shares of the data storage provider’s stock worth $1,538,000 after purchasing an additional 720 shares during the last quarter. Finally, Athena Wealth Management LLC increased its stake in Seagate Technology by 26.6% in the 3rd quarter. Athena Wealth Management LLC now owns 1,579 shares of the data storage provider’s stock worth $1,456,000 after buying an additional 332 shares during the period. Institutional investors own 92.87% of the company’s stock.

Seagate Technology News Summary

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

Positive Sentiment: Seagate’s AI-driven growth remains the primary bullish argument. Demand from data-center and AI infrastructure buildouts is supporting expectations for strong hard-drive sales, though investors are questioning whether that growth justifies the stock’s elevated valuation. Can Seagate’s AI-Driven Growth Justify Its Sky-High Expectations?
Positive Sentiment: Commentary from Jim Cramer highlighted Seagate and Western Digital’s restrained capacity additions amid surging AI storage demand, suggesting disciplined supply could support pricing and margins. Seagate and Western Digital Capacity Strategy
Neutral Sentiment: Seagate generated $3.1 billion in fiscal 2026 free cash flow, comfortably covering its $0.74 quarterly dividend. However, the annualized $2.96 payout represents only a modest yield at the recent share price, limiting the dividend’s appeal as an income catalyst. Seagate’s Dividend Has a Large Cash Cushion
Neutral Sentiment: Investors are looking ahead to Seagate’s next quarterly earnings report for evidence that AI demand, revenue growth, and management guidance can support the stock’s high earnings expectations. What to Expect From Seagate Technology’s Next Quarterly Earnings Report
Negative Sentiment: Reports involving a TDK unit bid and Toshiba’s expansion of AI hard-drive capacity raised concerns about additional competition and future industry supply, contributing to a sharp sell-off in STX. Seagate Down After TDK and Toshiba News
Negative Sentiment: Disappointing preliminary results from Samsung cooled the broader memory and AI trade, creating negative sentiment for storage-related stocks even though Seagate’s business is focused on hard drives. The Memory Trade Cools After Samsung’s Results

Insider Activity at Seagate Technology

In other Seagate Technology news, EVP Ban Teh sold 52,730 shares of the firm’s stock in a transaction on 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 transaction, the executive vice president owned 5,810 shares of the company’s stock, valued at approximately $4,543,884.80. This trade represents a 90.08% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, 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 Seagate Technology stock in a transaction on Tuesday, September 15th. The stock was sold at an average price of $772.16, for a total transaction of $38,595,645.44. Following the sale, the chief financial officer owned 70,756 shares of the company’s stock, valued at $54,634,952.96. The trade was a 41.40% decrease in their ownership of the stock. 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 have sold 466,959 shares of company stock valued at $378,840,741 over the last 90 days. Company insiders own 0.51% of the company’s stock.

Seagate Technology Stock Up 1.1%

Seagate Technology stock opened at $783.00 on Friday. Seagate Technology Holdings PLC has a 1-year low of $209.00 and a 1-year high of $1,145.00. The business has a fifty day moving average price of $855.09 and a 200-day moving average price of $790.67. The company has a debt-to-equity ratio of 1.56, a current ratio of 1.67 and a quick ratio of 1.17. The stock has a market capitalization of $178.05 billion, a price-to-earnings ratio of 56.41 and a beta of 2.06.

Seagate Technology (NASDAQ:STX – Get Free Report) last announced its earnings results on Tuesday, July 28th. The data storage provider reported $5.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.10 by $0.61. Seagate Technology had a return on equity of 369.98% and a net margin of 26.11%. The company had revenue of $3.63 billion for the quarter, compared to analyst estimates of $3.50 billion. During the same period in the prior year, the company posted $2.59 EPS. The firm’s quarterly 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. Equities research analysts forecast that Seagate Technology Holdings PLC will post 35.70 EPS for the current fiscal year.

Seagate Technology Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 7th. Investors of record on Thursday, September 24th were given a $0.74 dividend. This represents a $2.96 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend was Thursday, September 24th. Seagate Technology’s dividend payout ratio (DPR) is presently 21.33%.

Analyst Ratings Changes

A number of brokerages have recently commented on STX. Melius Research began coverage on shares of Seagate Technology in a research report on Monday, June 29th. They set a “buy” rating and a $1,600.00 target price on the stock. Susquehanna raised their price target on Seagate Technology from $775.00 to $875.00 and gave the company a “neutral” rating in a research note on Wednesday, July 29th. Argus boosted their price target on shares of Seagate Technology from $750.00 to $900.00 and gave the company a “buy” rating in a report on Thursday, July 30th. Citigroup increased their price objective on shares of Seagate Technology from $1,240.00 to $1,300.00 and gave the company a “buy” rating in a research note on Wednesday, July 29th. Finally, Barclays boosted their price objective on shares of Seagate Technology from $1,000.00 to $1,250.00 and gave the stock an “overweight” rating in a research note on Thursday, July 30th. Twenty-two 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 currently has an average rating of “Moderate Buy” and a consensus price target of $986.00.

Read Our Latest Stock Report on STX

Seagate Technology Profile

(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.