Seagate Technology Holdings PLC $STX Shares Sold by Profund Advisors LLC

Posted by Geri Gentry on Nov 1st, 2026

Profund Advisors LLC decreased its holdings in Seagate Technology Holdings PLC (NASDAQ:STX – Free Report) by 7.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,390 shares of the data storage provider’s stock after selling 1,301 shares during the quarter. Profund Advisors LLC’s holdings in Seagate Technology were worth $16,039,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Wellington Management Group LLP grew its holdings in Seagate Technology by 2,655.9% in the second quarter. Wellington Management Group LLP now owns 2,414,136 shares of the data storage provider’s stock valued at $2,329,641,000 after purchasing an additional 2,326,538 shares during the period. Janus Henderson Group PLC raised its stake in Seagate Technology by 3,872.1% during the first quarter. Janus Henderson Group PLC now owns 967,528 shares of the data storage provider’s stock worth $378,985,000 after purchasing an additional 943,170 shares during the period. Amundi raised its stake in Seagate Technology by 32.2% during the first quarter. Amundi now owns 965,565 shares of the data storage provider’s stock worth $378,267,000 after purchasing an additional 235,359 shares during the period. National Pension Service boosted its holdings in shares of Seagate Technology by 0.8% in the 2nd quarter. National Pension Service now owns 834,705 shares of the data storage provider’s stock valued at $805,490,000 after purchasing an additional 6,944 shares during the last quarter. Finally, Swedbank AB boosted its holdings in shares of Seagate Technology by 67.6% in the 1st quarter. Swedbank AB now owns 709,160 shares of the data storage provider’s stock valued at $277,821,000 after purchasing an additional 285,949 shares during the last quarter. Institutional investors and hedge funds own 92.87% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the stock. Wedbush reissued an “outperform” rating and set a $1,000.00 target price on shares of Seagate Technology in a research report on Wednesday. Weiss Ratings raised shares of Seagate Technology from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, October 16th. Sanford C. Bernstein reiterated an “outperform” rating and issued a $1,350.00 price objective on shares of Seagate Technology in a report on Wednesday, July 29th. Wells Fargo & Company lowered their target price on Seagate Technology from $865.00 to $820.00 and set an “overweight” rating for the company in a research note on Wednesday. Finally, JPMorgan Chase & Co. lifted their target price on Seagate Technology from $1,095.00 to $1,240.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 29th. Twenty-two analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $1,000.88.

Get Our Latest Analysis on Seagate Technology

Insider Transactions at Seagate Technology

In other Seagate Technology news, 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 transaction of $41,239,078.40. Following the transaction, the executive vice president owned 5,810 shares of the company’s stock, valued at $4,543,884.80. This trade represents a 90.08% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO William Mosley sold 11,002 shares of Seagate Technology stock in a transaction that occurred on Thursday, October 1st. The stock was sold at an average price of $935.60, for a total value of $10,293,471.20. Following the completion of the transaction, the chief executive officer owned 362,108 shares of the company’s stock, valued at approximately $338,788,244.80. The trade was a 2.95% 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 sold 466,812 shares of company stock valued at $378,583,042 over the last 90 days. Corporate insiders own 0.51% of the company’s stock.

Key Seagate Technology News

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 Trading Down 8.0%

NASDAQ STX opened at $644.58 on Friday. The company has a market capitalization of $146.57 billion, a price-to-earnings ratio of 33.85 and a beta of 2.06. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.82 and a quick ratio of 1.17. Seagate Technology Holdings PLC has a 12 month low of $228.61 and a 12 month high of $1,145.00. The company’s fifty day moving average price is $799.09 and its two-hundred day moving average price is $688.41.

Seagate Technology (NASDAQ:STX – Get Free Report) last released its earnings results on Tuesday, October 27th. The data storage provider reported $7.68 earnings per share for the quarter, topping the consensus estimate of $7.44 by $0.24. The company had revenue of $4.23 billion during the quarter, compared to the consensus estimate of $4.15 billion. Seagate Technology had a net margin of 31.86% and a return on equity of 252.47%. The company’s revenue was up 61.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.61 EPS. As a group, research analysts predict that Seagate Technology Holdings PLC will post 37.44 earnings per share for the current fiscal year.

Seagate Technology Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 7th. Investors of record on Wednesday, December 23rd will be issued a $0.76 dividend. This is an increase from Seagate Technology’s previous quarterly dividend of $0.74. This represents a $3.04 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend is Wednesday, December 23rd. Seagate Technology’s dividend payout ratio is presently 15.55%.

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.