Seagate Technology Holdings PLC $STX Shares Sold by Baader Bank Aktiengesellschaft

Baader Bank Aktiengesellschaft lowered its holdings in shares of Seagate Technology Holdings PLC (NASDAQ:STX) by 69.2% in the fourth quarter, HoldingsChannel.com reports. The fund owned 1,691 shares of the data storage provider’s stock after selling 3,800 shares during the quarter. Baader Bank Aktiengesellschaft’s holdings in Seagate Technology were worth $466,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Gateway Investment Advisers LLC raised its position in shares of Seagate Technology by 1.8% in the fourth quarter. Gateway Investment Advisers LLC now owns 1,399 shares of the data storage provider’s stock valued at $385,000 after buying an additional 25 shares during the last quarter. EWA LLC raised its position in shares of Seagate Technology by 2.1% in the fourth quarter. EWA LLC now owns 1,370 shares of the data storage provider’s stock valued at $377,000 after buying an additional 28 shares during the last quarter. SVB Wealth LLC raised its position in shares of Seagate Technology by 0.9% in the fourth quarter. SVB Wealth LLC now owns 3,347 shares of the data storage provider’s stock valued at $922,000 after buying an additional 29 shares during the last quarter. Sovereign Financial Group Inc. raised its position in shares of Seagate Technology by 3.2% in the fourth quarter. Sovereign Financial Group Inc. now owns 1,063 shares of the data storage provider’s stock valued at $293,000 after buying an additional 33 shares during the last quarter. Finally, Pallas Capital Advisors LLC raised its position in shares of Seagate Technology by 0.6% in the fourth quarter. Pallas Capital Advisors LLC now owns 5,446 shares of the data storage provider’s stock valued at $1,500,000 after buying an additional 33 shares during the last quarter. Institutional investors and hedge funds own 92.87% of the company’s stock.

Insider Activity

In related news, CEO William D. Mosley sold 24,584 shares of the company’s stock in a transaction that occurred on Thursday, March 19th. The shares were sold at an average price of $406.77, for a total transaction of $10,000,033.68. Following the completion of the transaction, the chief executive officer owned 375,591 shares of the company’s stock, valued at approximately $152,779,151.07. This represents a 6.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP John Christopher Morris sold 5,626 shares of the business’s stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $738.37, for a total transaction of $4,154,069.62. Following the sale, the executive vice president owned 11,954 shares of the company’s stock, valued at approximately $8,826,474.98. This represents a 32.00% decrease in their ownership of the stock. 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 have sold a total of 118,283 shares of company stock valued at $65,989,618 in the last ninety days. 0.79% of the stock is owned by company insiders.

Seagate Technology News Roundup

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

• Positive Sentiment: Loop Capital raised its price target on Seagate Technology (STX) from $950 to $1,140 and reiterated a buy rating, signaling confidence that AI-driven storage demand and Seagate’s product mix can keep earnings momentum strong.
• Positive Sentiment: Recent market coverage continues to highlight Seagate as a beneficiary of booming AI data center spending, with strong enterprise storage demand and HAMR adoption supporting the company’s growth outlook.
• Neutral Sentiment: Seagate also remains in focus after reporting a strong earnings beat and raising guidance, which reinforces the view that fundamentals are improving even after a sharp run-up in the share price.
• Negative Sentiment: Investor sentiment may be pressured by recent insider selling, as EVP Ban Seng Teh sold shares in two transactions under a pre-arranged 10b5-1 plan, which can still be read cautiously by the market.
• Negative Sentiment: The planned retirement of Lead Independent Director Mike Cannon adds a governance change that could create some uncertainty, even though it does not directly affect operations.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the stock. Barclays boosted their price objective on shares of Seagate Technology from $625.00 to $750.00 and gave the company an “overweight” rating in a research report on Wednesday, April 29th. Susquehanna boosted their price objective on shares of Seagate Technology from $485.00 to $615.00 and gave the company a “neutral” rating in a research report on Wednesday, April 29th. Wedbush boosted their price objective on shares of Seagate Technology from $700.00 to $825.00 and gave the company an “outperform” rating in a research report on Monday, April 27th. Sanford C. Bernstein boosted their price objective on shares of Seagate Technology from $620.00 to $1,000.00 and gave the company an “outperform” rating in a research report on Wednesday, April 29th. Finally, Loop Capital boosted their price objective on shares of Seagate Technology from $950.00 to $1,140.00 and gave the company a “buy” rating in a research report on Friday. One research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, Seagate Technology currently has a consensus rating of “Moderate Buy” and an average price target of $733.71.

Seagate Technology Stock Performance

Shares of STX stock opened at $795.47 on Friday. Seagate Technology Holdings PLC has a one year low of $103.73 and a one year high of $841.31. The company has a debt-to-equity ratio of 3.16, a quick ratio of 0.85 and a current ratio of 1.33. The company has a 50 day moving average price of $526.24 and a 200 day moving average price of $393.24. The firm has a market capitalization of $178.37 billion, a price-to-earnings ratio of 75.47 and a beta of 1.98.

Seagate Technology (NASDAQ:STX) last issued its quarterly earnings results on Tuesday, April 28th. The data storage provider reported $4.10 EPS for the quarter, topping the consensus estimate of $3.51 by $0.59. Seagate Technology had a net margin of 21.60% and a return on equity of 1,005.65%. The firm had revenue of $3.11 billion during the quarter, compared to analyst estimates of $2.96 billion. During the same quarter in the prior year, the business posted $1.90 earnings per share. Seagate Technology’s revenue for the quarter was up 44.1% compared to the same quarter last year. Seagate Technology has set its Q4 2026 guidance at 4.800-5.200 EPS. Sell-side analysts anticipate that Seagate Technology Holdings PLC will post 14.1 EPS for the current year.

Seagate Technology Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 7th. Investors of record on Wednesday, June 24th will be given a dividend of $0.74 per share. The ex-dividend date of this dividend is Wednesday, June 24th. This represents a $2.96 annualized dividend and a yield of 0.4%. Seagate Technology’s dividend payout ratio is 28.08%.

Seagate Technology Company Profile

Seagate Technology (NASDAQ: STX) is a global data storage company that designs, manufactures and sells a broad range of storage products and systems. The firm’s product portfolio includes traditional hard disk drives (HDDs), solid-state drives (SSDs), hybrid storage devices and integrated storage systems aimed at enterprise, cloud, OEM and consumer markets. Seagate also provides services that support its hardware offerings, including data recovery and storage management solutions.

Seagate’s products are used in a wide array of applications, from large-scale data centers and cloud infrastructure to desktop and portable consumer devices.