999 Shares of Seagate Technology Holdings PLC $STX Bought by Essential Investment Partners LLC

Essential Investment Partners LLC acquired a new stake in Seagate Technology Holdings PLC (NASDAQ:STX) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 999 shares of the data storage provider’s stock, valued at approximately $921,000.

A number of other hedge funds have also modified their holdings of STX. Retirement Wealth Solutions LLC raised its stake in shares of Seagate Technology by 70.6% in the second 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 last quarter. Jones Financial Companies Lllp acquired a new stake in shares of Seagate Technology during the second quarter worth about $39,000. One River Asset Management LLC boosted its position in Seagate Technology by 50.0% in the third 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. Laurel Wealth Advisors LLC purchased a new stake in Seagate Technology in the third quarter valued at approximately $42,000. Finally, Trust Co. of Vermont purchased a new stake in Seagate Technology in the second quarter valued at approximately $54,000. 92.87% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, EVP John Morris sold 15,466 shares of the firm’s stock in a transaction that occurred on Tuesday, September 15th. The shares were sold at an average price of $772.15, for a total transaction of $11,942,071.90. Following the sale, the executive vice president owned 31,132 shares of the company’s stock, valued at $24,038,573.80. This trade represents a 33.19% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO William Mosley sold 97,889 shares of Seagate Technology stock in a transaction that occurred on Tuesday, September 15th. The shares were sold at an average price of $772.14, for a total transaction of $75,584,012.46. Following the transaction, the chief executive officer directly owned 378,108 shares of the company’s stock, valued at approximately $291,952,311.12. This trade represents a 20.57% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last three months, insiders sold 466,812 shares of company stock valued at $378,583,042. Insiders own 0.51% of the company’s stock.

Seagate Technology Stock Performance

Shares of STX stock opened at $697.97 on Thursday. The stock has a market cap of $158.71 billion, a PE ratio of 50.29 and a beta of 2.06. The business has a 50-day simple moving average of $805.84 and a 200-day simple moving average of $684.81. The company has a quick ratio of 1.17, a current ratio of 1.67 and a debt-to-equity ratio of 1.56. Seagate Technology Holdings PLC has a 52-week low of $228.61 and a 52-week high of $1,145.00.

Seagate Technology (NASDAQ:STX) last issued its earnings results on Tuesday, October 27th. The data storage provider reported $7.68 EPS for the quarter, topping analysts’ consensus estimates of $7.45 by $0.23. The firm had revenue of $4.23 billion for the quarter, compared to the consensus estimate of $4.15 billion. Seagate Technology had a return on equity of 369.98% and a net margin of 26.11%. The company’s revenue was up 61.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.61 earnings per share. On average, equities analysts expect that Seagate Technology Holdings PLC will post 35.79 EPS for the current year.

Seagate Technology Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 7th. Shareholders of record on Wednesday, December 23rd will be issued a $0.76 dividend. The ex-dividend date of this dividend is Wednesday, December 23rd. This is a boost from Seagate Technology’s previous quarterly dividend of $0.74. This represents a $3.04 dividend on an annualized basis and a yield of 0.4%. Seagate Technology’s dividend payout ratio is presently 21.33%.

Key Headlines Impacting Seagate Technology

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

• Positive Sentiment: Seagate reported fiscal Q1 revenue of $4.23 billion, up 61% year over year, and adjusted earnings of $7.68 per share, exceeding Wall Street estimates. Data-center revenue rose 63%, while strong pricing, AI-related demand and HAMR adoption drove record profitability and cash flow. Seagate Technology Reports Fiscal First Quarter 2027 Financial Results
• Positive Sentiment: Management projected approximately $4.8 billion of revenue and $9.20 in non-GAAP EPS for the December quarter, above consensus expectations. Nearline capacity is largely committed under supply agreements through 2028, with some commentary pointing to commitments extending through 2030. Seagate expects December-quarter revenue and EPS
• Positive Sentiment: Seagate raised its quarterly dividend 2.7% to $0.76 per share and continues to benefit from AI infrastructure demand. Several analysts still see substantial upside, including buy or overweight ratings from Citigroup, Wells Fargo, TD Cowen and Morgan Stanley. Seagate Q1 earnings call highlights
• Neutral Sentiment: Analysts broadly remain constructive on Seagate Technology, but multiple firms lowered their price targets after the results. Citigroup reduced its target to $1,050, Wells Fargo to $820 and TD Cowen to $900; Wedbush maintained an outperform rating with a $1,000 target.
• Negative Sentiment: The market appears concerned that exabyte shipment growth and future margin expansion may slow, particularly after STX’s sharp prior rally. The stock’s high valuation left little room for disappointment, prompting profit-taking and a downgrade from Summit Insights to “hold”; Susquehanna also cut its rating to “neutral.” Seagate pullback on slower exabyte growth

Analyst Upgrades and Downgrades

STX has been the topic of several research reports. TD Cowen cut their price target on shares of Seagate Technology from $1,000.00 to $900.00 and set a “buy” rating on the stock in a report on Wednesday. Morgan Stanley decreased their price objective on shares of Seagate Technology from $1,200.00 to $1,148.00 and set an “overweight” rating for the company in a research note on Wednesday. Wall Street Zen raised shares of Seagate Technology from a “buy” rating to a “strong-buy” rating in a report on Saturday, September 26th. Susquehanna dropped their price objective on shares of Seagate Technology from $925.00 to $765.00 and set a “neutral” rating on the stock in a report on Wednesday. Finally, Weiss Ratings upgraded shares of Seagate Technology from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, October 16th. Twenty-two analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $1,000.88.

About Seagate Technology

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.