Sowell Financial Services LLC Sells 1,066 Shares of Seagate Technology Holdings PLC $STX

Sowell Financial Services LLC cut its stake in Seagate Technology Holdings PLC (NASDAQ:STX) by 45.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,267 shares of the data storage provider’s stock after selling 1,066 shares during the quarter. Sowell Financial Services LLC’s holdings in Seagate Technology were worth $1,169,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Wellington Management Group LLP raised its stake in shares of 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 acquiring an additional 2,326,538 shares during the period. Janus Henderson Group PLC boosted its stake in shares of Seagate Technology by 3,872.1% during the 1st 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 grew its holdings in Seagate Technology by 32.2% during the 1st quarter. Amundi now owns 965,565 shares of the data storage provider’s stock valued at $378,267,000 after purchasing an additional 235,359 shares during the last quarter. National Pension Service grew its holdings in Seagate Technology by 0.8% during 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 raised its position in Seagate Technology by 67.6% in the 1st quarter. Swedbank AB now owns 709,160 shares of the data storage provider’s stock worth $277,821,000 after purchasing an additional 285,949 shares during the period. 92.87% of the stock is owned by hedge funds and other institutional investors.

Seagate Technology Trading Down 8.0%

STX opened at $644.58 on Friday. The stock’s fifty day moving average is $799.09 and its two-hundred day moving average is $688.41. The company 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 52 week low of $228.61 and a 52 week high of $1,145.00. The company has a quick ratio of 1.17, a current ratio of 1.82 and a debt-to-equity ratio of 0.68.

Seagate Technology (NASDAQ:STX) last posted its quarterly earnings results on Tuesday, October 27th. The data storage provider reported $7.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $7.44 by $0.24. Seagate Technology had a return on equity of 252.47% and a net margin of 31.86%. The business had revenue of $4.23 billion for the quarter, compared to the consensus estimate of $4.15 billion. During the same quarter in the prior year, the company earned $2.61 EPS. The business’s revenue was up 61.0% compared to the same quarter last year. Analysts forecast that Seagate Technology Holdings PLC will post 37.44 earnings per share for the current year.

Seagate Technology Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 7th. Investors of record on Wednesday, December 23rd will be paid a $0.76 dividend. This represents a $3.04 dividend on an annualized basis and a yield of 0.5%. This is a boost 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%.

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

Insider Buying and Selling

In other Seagate Technology news, EVP John Morris sold 9,354 shares of the firm’s stock in a transaction dated Monday, September 21st. The shares were sold at an average price of $877.91, for a total transaction of $8,211,970.14. Following the transaction, the executive vice president owned 22,693 shares of the company’s stock, valued at approximately $19,922,411.63. This trade represents a 29.19% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP James Lee sold 547 shares of the business’s stock in a transaction dated Friday, October 23rd. The shares were sold at an average price of $642.14, for a total transaction of $351,250.58. Following the completion of the sale, the executive vice president owned 1,037 shares of the company’s stock, valued at approximately $665,899.18. This represents a 34.53% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 466,812 shares of company stock valued at $378,583,042 over the last quarter. 0.51% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

STX has been the subject of several analyst reports. Cantor Fitzgerald decreased their price objective on shares of Seagate Technology from $1,300.00 to $1,000.00 and set an “overweight” rating for the company in a research note on Monday, October 26th. Wedbush reissued an “outperform” rating and set a $1,000.00 price target on shares of Seagate Technology in a research note on Wednesday. JPMorgan Chase & Co. boosted their price objective on Seagate Technology from $1,095.00 to $1,240.00 and gave the company an “overweight” rating in a report on Wednesday, July 29th. Bank of America upped their price objective on Seagate Technology from $1,150.00 to $1,200.00 and gave the company a “buy” rating in a research report on Wednesday, October 21st. Finally, Sanford C. Bernstein reiterated an “outperform” rating and issued a $1,350.00 target price on shares of Seagate Technology in a research note on Wednesday, July 29th. Twenty-two analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $1,000.88.

Seagate Technology 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.