Seagate Technology Holdings PLC $STX Stock Sold by Mather Group LLC.

Posted by Geri Gentry on Oct 16th, 2026

Mather Group LLC. cut its holdings in shares of Seagate Technology Holdings PLC (NASDAQ:STX – Free Report) by 19.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,367 shares of the data storage provider’s stock after selling 1,739 shares during the period. Mather Group LLC.’s holdings in Seagate Technology were worth $6,795,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of STX. NewEdge Advisors LLC lifted its holdings in shares of Seagate Technology by 85.9% during the 1st quarter. NewEdge Advisors LLC now owns 22,046 shares of the data storage provider’s stock valued at $8,637,000 after buying an additional 10,190 shares during the period. UNICOM Systems Inc. grew its holdings in shares of Seagate Technology by 18.2% in the second quarter. UNICOM Systems Inc. now owns 43,500 shares of the data storage provider’s stock worth $41,978,000 after acquiring an additional 6,700 shares during the period. USA Financial Formulas bought a new stake in shares of Seagate Technology in the first quarter worth $1,328,000. Financial Insights Inc. bought a new stake in shares of Seagate Technology in the second quarter worth $706,000. Finally, Silverleafe Capital Partners LLC purchased a new stake in Seagate Technology during the third quarter valued at $820,000. 92.87% of the stock is currently owned by institutional investors.

Seagate Technology News Summary

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

Positive Sentiment: Seagate’s 44TB Mozaic 4 hard drives could support further gross-margin expansion. Higher storage density, improving production efficiency and strong cloud-provider demand may increase profitability as data-center storage needs grow. Can Seagate’s 44TB Mozaic 4 Drives Lift Gross Margins Further?
Positive Sentiment: Analysts see a potentially long runway from surging data-storage demand tied to artificial intelligence and cloud computing. Seagate’s recent results, including strong sales growth, expanded operating margins and higher free cash flow, contrast with the sector’s recent share-price weakness. Seagate Could Have a Long Runway as Data Storage Demand Explodes
Positive Sentiment: Seagate’s HAMR-based, high-capacity drives—including currently available 44TB products and a longer-term 100TB roadmap—could help data centers store more information with fewer drives and lower operating costs. This supports a cautious bullish view of the stock. Seagate’s Improving Earnings Support a Cautious Upside
Neutral Sentiment: Seagate-specific coverage is focused on valuation and supply-chain concerns rather than a new earnings announcement. Investors are weighing the company’s strong operating outlook against elevated valuation risk and volatility.
Negative Sentiment: A continuing technology and AI-stock sell-off is pressuring memory and storage shares. Broader concerns about competition, including potential Chinese supply, and a rival’s recent move have weakened sentiment across the hard-drive sector. AI Trade Takes Another Hit Thursday as Tech Sell-Off Continues

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. Fox Advisors downgraded Seagate Technology from an “overweight” rating to an “equal weight” rating in a report on Monday, June 22nd. Weiss Ratings cut Seagate Technology from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, October 2nd. Bank of America boosted their price target on Seagate Technology from $1,000.00 to $1,150.00 and gave the company a “buy” rating in a research note on Wednesday, July 1st. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $1,300.00 price target on shares of Seagate Technology in a research report on Wednesday, July 29th. Finally, Wedbush upped their price target on shares of Seagate Technology from $825.00 to $1,000.00 and gave the company an “outperform” rating in a research report on Wednesday, July 29th. Twenty-two analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $986.00.

Get Our Latest Stock Report on Seagate Technology

Seagate Technology Stock Down 3.2%

STX opened at $690.81 on Friday. The firm’s 50 day simple moving average is $845.85 and its two-hundred day simple moving average is $802.60. The company has a market capitalization of $157.08 billion, a PE ratio of 49.77 and a beta of 2.06. Seagate Technology Holdings PLC has a 1-year low of $209.00 and a 1-year high of $1,145.00. 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 quarterly earnings data on Tuesday, July 28th. The data storage provider reported $5.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.10 by $0.61. Seagate Technology had a net margin of 26.11% and a return on equity of 369.98%. The firm had revenue of $3.63 billion during the quarter, compared to the consensus estimate of $3.50 billion. During the same quarter in the previous year, the firm posted $2.59 EPS. The company’s revenue for the quarter 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. As a group, equities analysts forecast that Seagate Technology Holdings PLC will post 35.70 EPS for the current year.

Seagate Technology Dividend Announcement

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

Insider Buying and Selling

In other Seagate Technology news, EVP John Morris sold 15,466 shares of the company’s stock in a transaction dated Tuesday, September 15th. The stock was sold at an average price of $772.15, for a total value of $11,942,071.90. Following the completion of the sale, the executive vice president owned 31,132 shares in the company, valued at $24,038,573.80. This represents a 33.19% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, EVP Ban Teh sold 52,730 shares of the company’s stock in a transaction dated Tuesday, September 15th. The stock was 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 of the company’s stock, valued at approximately $4,543,884.80. The trade was a 90.08% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 466,959 shares of company stock valued at $378,840,741 over the last three months. 0.51% of the stock is currently owned by company insiders.

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.