VestGen Advisors LLC lessened its stake in Seagate Technology Holdings PLC (NASDAQ:STX – Free Report) by 35.7% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,239 shares of the data storage provider’s stock after selling 1,241 shares during the quarter. VestGen Advisors LLC’s holdings in Seagate Technology were worth $2,066,000 at the end of the most recent quarter.
Several other institutional investors also recently made changes to their positions in the stock. Retirement Wealth Solutions LLC raised its holdings in shares of Seagate Technology by 70.6% in the 2nd quarter. Retirement Wealth Solutions LLC now owns 29 shares of the data storage provider’s stock worth $28,000 after purchasing an additional 12 shares during the period. Annis Gardner Whiting Capital Advisors LLC grew its stake in Seagate Technology by 23.1% during the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 80 shares of the data storage provider’s stock valued at $31,000 after purchasing an additional 15 shares in the last quarter. WealthCollab LLC grew its position 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 in the last quarter. Catalyst Capital Advisors LLC acquired a new position in Seagate Technology during the 1st quarter worth $39,000. Finally, Jones Financial Companies Lllp bought a new stake in Seagate Technology in the second quarter valued at about $39,000. 92.87% of the stock is owned by hedge funds and other institutional investors.
Seagate Technology Trading Down 8.0%
Shares of STX stock opened at $644.58 on Friday. The company has a quick ratio of 1.17, a current ratio of 1.82 and a debt-to-equity ratio of 0.68. The stock has a market capitalization of $146.57 billion, a P/E ratio of 33.85 and a beta of 2.06. Seagate Technology Holdings PLC has a fifty-two week low of $228.61 and a fifty-two week high of $1,145.00. The stock has a 50-day simple moving average of $799.09 and a 200 day simple moving average of $688.41.
Seagate Technology (NASDAQ:STX – Get Free Report) last posted its quarterly earnings results on Tuesday, October 27th. The data storage provider reported $7.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.44 by $0.24. The company had revenue of $4.23 billion for the quarter, compared to analysts’ expectations of $4.15 billion. Seagate Technology had a return on equity of 252.47% and a net margin of 31.86%. The firm’s revenue was up 61.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.61 earnings per share. On average, sell-side analysts expect that Seagate Technology Holdings PLC will post 36.37 earnings per share for the current fiscal year.
Seagate Technology Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, January 7th. Stockholders of record on Wednesday, December 23rd will be given a $0.76 dividend. This represents a $3.04 dividend on an annualized basis and a dividend yield of 0.5%. This is a positive change from Seagate Technology’s previous quarterly dividend of $0.74. The ex-dividend date of this dividend is Wednesday, December 23rd. Seagate Technology’s payout ratio is currently 15.55%.
Analyst Ratings Changes
Several equities research analysts recently issued reports on the company. Wall Street Zen raised Seagate Technology from a “buy” rating to a “strong-buy” rating in a research report on Saturday, September 26th. Evercore reaffirmed an “outperform” rating on shares of Seagate Technology in a report on Wednesday. Susquehanna lowered their target price on shares of Seagate Technology from $925.00 to $765.00 and set a “neutral” rating for the company in a research note on Wednesday. Summit Insights lowered shares of Seagate Technology from a “buy” rating to a “hold” rating in a research note on Wednesday. Finally, UBS Group cut their target price on Seagate Technology from $780.00 to $750.00 and set a “neutral” rating on the stock in a research note on Wednesday. Twenty-two research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $1,000.88.
Get Our Latest Analysis on Seagate Technology
Insider Activity at Seagate Technology
In related news, CEO William D. Mosley sold 97,889 shares of the stock in a transaction on Tuesday, September 15th. The stock was sold at an average price of $772.14, for a total transaction of $75,584,012.46. Following the completion of the sale, the chief executive officer directly owned 378,108 shares in the company, valued at approximately $291,952,311.12. This trade represents a 20.57% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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 Seagate Technology stock in a transaction dated 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 sale, the executive vice president owned 5,810 shares of the company’s stock, valued at approximately $4,543,884.80. This represents a 90.08% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 466,812 shares of company stock valued at $378,583,042. 0.51% of the stock is owned by insiders.
Seagate Technology News Summary
Here are the key news stories impacting Seagate Technology this week:
- Positive Sentiment: Seagate reported fiscal Q1 2027 revenue of approximately $4.23 billion, up 61% year over year, and non-GAAP EPS of $7.68, exceeding the $7.44 consensus estimate. Record free cash flow of roughly $1.5 billion, stronger pricing and robust mass-capacity demand support the company’s AI and cloud-storage growth outlook. Seagate Q1 Earnings Ride Record Cash Flow and AI Demand
- Positive Sentiment: Analysts continue to highlight Seagate’s exposure to expanding data-center capacity needs. Some commentary favors STX over Western Digital because of its higher return on equity, lower forward valuation and record cash generation. Western Digital vs. Seagate
- Positive Sentiment: Seagate announced a dividend increase, adding to its appeal for income-oriented investors during market volatility and ongoing inflation and interest-rate uncertainty. Stocks That Declared Dividend Hikes
- Positive Sentiment: Wedbush maintained an “Outperform” rating, while Morgan Stanley reportedly reduced its target but still sees substantial potential upside, indicating that some analysts view the pullback as an opportunity. Wedbush Outperform Rating
- Neutral Sentiment: The earnings response has been muted because elevated expectations appear to have been largely priced into STX after its substantial prior run. Investors are weighing excellent results against valuation, future growth assumptions and the sustainability of AI-driven demand. Post-Earnings Pullback
- Negative Sentiment: Seagate is declining alongside Sandisk, Western Digital and Micron in a broader semiconductor and memory-stock selloff, suggesting sector-wide profit-taking is outweighing the company’s earnings beat. Storage and Memory Stocks Sell Off
- Negative Sentiment: TD Cowen, Morgan Stanley, Citigroup, Susquehanna and Wells Fargo lowered their price targets or forecasts. Summit Insights also downgraded the stock, creating near-term pressure even though several firms remain constructive. TD Cowen Cuts Seagate Price Target
Seagate Technology Company Profile
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.
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