Seagate Technology Holdings PLC $STX Stock: Sowell Financial Services LLC Trims Holdings

Posted by Brian Himes on Oct 24th, 2026

Sowell Financial Services LLC decreased its stake in Seagate Technology Holdings PLC (NASDAQ:STX – Free Report) by 45.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,267 shares of the data storage provider’s stock after selling 1,066 shares during the period. Sowell Financial Services LLC’s holdings in Seagate Technology were worth $1,169,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. City State Bank increased its position in shares of Seagate Technology by 8.6% during the 3rd quarter. City State Bank now owns 580 shares of the data storage provider’s stock worth $535,000 after purchasing an additional 46 shares during the last quarter. Bell Bank boosted its holdings in shares of Seagate Technology by 1.4% in the 3rd quarter. Bell Bank now owns 18,038 shares of the data storage provider’s stock valued at $16,637,000 after buying an additional 246 shares during the last quarter. One River Asset Management LLC boosted its holdings in shares of Seagate Technology by 50.0% in the 3rd quarter. One River Asset Management LLC now owns 45 shares of the data storage provider’s stock valued at $42,000 after buying an additional 15 shares during the last quarter. Range Financial Group LLC boosted its holdings in shares of Seagate Technology by 5.5% in the 3rd quarter. Range Financial Group LLC now owns 11,070 shares of the data storage provider’s stock valued at $10,210,000 after buying an additional 578 shares during the last quarter. Finally, Benchmark Financial Wealth Advisors LLC grew its stake in shares of Seagate Technology by 6.1% in the third quarter. Benchmark Financial Wealth Advisors LLC now owns 645 shares of the data storage provider’s stock valued at $595,000 after buying an additional 37 shares in the last quarter. Institutional investors and hedge funds own 92.87% of the company’s stock.

Insider Activity at Seagate Technology

In other news, EVP John Morris sold 15,466 shares of the company’s stock in a transaction that occurred on 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 transaction, the executive vice president owned 31,132 shares of the company’s stock, valued at approximately $24,038,573.80. This represents a 33.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 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 stock in a transaction that occurred on 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 transaction, the executive vice president owned 5,810 shares in the company, valued at approximately $4,543,884.80. This trade represents a 90.08% 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. Insiders sold 466,959 shares of company stock valued at $378,840,741 in the last 90 days. Insiders own 0.51% of the company’s stock.

Seagate Technology Price Performance

NASDAQ:STX opened at $630.49 on Friday. Seagate Technology Holdings PLC has a one year low of $217.67 and a one year high of $1,145.00. The company has a market cap of $143.37 billion, a P/E ratio of 45.42 and a beta of 2.06. The firm’s fifty day moving average price is $820.59 and its two-hundred day moving average price is $810.34. The company has a debt-to-equity ratio of 1.56, a current ratio of 1.67 and a quick ratio of 1.17.

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 for the quarter, beating the consensus estimate of $5.10 by $0.61. The company had revenue of $3.63 billion for the quarter, compared to analyst estimates of $3.50 billion. Seagate Technology had a net margin of 26.11% and a return on equity of 369.98%. The company’s revenue was up 48.5% on a year-over-year basis. During the same period in the prior year, the firm earned $2.59 earnings per share. Seagate Technology has set its Q1 2027 guidance at 7.100-7.500 EPS. Equities analysts expect that Seagate Technology Holdings PLC will post 35.79 earnings per share for the current year.

Seagate Technology Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 7th. Shareholders of record on Thursday, September 24th were issued a $0.74 dividend. This represents a $2.96 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend was Thursday, September 24th. Seagate Technology’s dividend payout ratio is currently 21.33%.

Wall Street Analyst Weigh In

STX has been the topic of a number of recent analyst reports. Citigroup boosted their target price on shares of Seagate Technology from $1,240.00 to $1,300.00 and gave the stock a “buy” rating in a report on Wednesday, July 29th. Barclays increased their price target on shares of Seagate Technology from $1,000.00 to $1,250.00 and gave the company an “overweight” rating in a research note on Thursday, July 30th. Rosenblatt Securities lifted 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 report on Wednesday, July 29th. Sanford C. Bernstein reissued an “outperform” rating and issued a $1,350.00 price objective on shares of Seagate Technology in a research report on Wednesday, July 29th. Finally, Wedbush boosted their price objective on shares of Seagate Technology from $825.00 to $1,000.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 29th. Twenty-two analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $975.92.

Check Out Our Latest Report on STX

Trending Headlines about Seagate Technology

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

Positive Sentiment: Polen Capital identified Seagate as a beneficiary of rising artificial-intelligence data-storage demand. Growing AI workloads, cloud activity and enterprise data volumes are supporting demand for high-capacity nearline hard drives. Seagate Technology Holdings plc Stands to Benefit From Rising AI Data Storage Demand
Positive Sentiment: Analyst sentiment has strengthened, with J.P. Morgan issuing a Buy rating and reports highlighting positive updates from Bank of America and Morgan Stanley. Zacks also added STX to its Rank #1, or Strong Buy, list. Seagate Tech Gets a Buy from J.P. Morgan
Positive Sentiment: Recent research points to strong hard-drive demand from data centers and cloud providers, improving pricing power, capacity tightness and a robust enterprise-storage pipeline. These factors have driven higher earnings expectations and several analyst upgrades. Learn Why the Bull Case for Seagate Could Change Following Analyst Upgrades
Neutral Sentiment: Seagate’s Q1 fiscal 2027 earnings preview remains favorable, with management’s outlook supported by healthy storage demand and pricing. Investors are likely focused on whether the company can meet or exceed its guidance of $7.10–$7.50 in EPS. STX Stock Earnings Preview
Negative Sentiment: Despite the constructive outlook, STX has decreased in the latest market update, possibly reflecting profit-taking, elevated valuation concerns and technical weakness after its recent advance. At roughly 45 times earnings, the shares leave less room for an earnings or guidance disappointment.

Seagate Technology Company Profile

(Free Report)

Seagate Technology Holdings plc (NASDAQ: STX) is a data storage company that develops and manufactures mass-capacity storage products and solutions. Its portfolio is centered on hard disk drives (HDDs) used in cloud data centers, enterprise systems, network-attached storage, video and imaging applications, and personal computers.

The company also provides storage-related services and solutions designed to help organizations store, manage, protect, and access large volumes of digital information.