Seagate Technology Holdings PLC $STX Shares Acquired by Gunderson Capital Management LLC

Gunderson Capital Management LLC raised its holdings in Seagate Technology Holdings PLC (NASDAQ:STX) by 67.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 20,971 shares of the data storage provider’s stock after acquiring an additional 8,453 shares during the period. Seagate Technology makes up approximately 5.2% of Gunderson Capital Management LLC’s investment portfolio, making the stock its largest position. Gunderson Capital Management LLC’s holdings in Seagate Technology were worth $19,342,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of STX. Wellington Management Group LLP increased its stake in Seagate Technology by 2,655.9% in the 2nd 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 buying an additional 2,326,538 shares during the period. Janus Henderson Group PLC lifted its stake in shares of Seagate Technology by 3,872.1% in the 1st quarter. Janus Henderson Group PLC now owns 967,528 shares of the data storage provider’s stock worth $378,985,000 after acquiring an additional 943,170 shares during the period. Amanah Holdings Trust acquired a new stake in shares of Seagate Technology in the 4th quarter worth $79,801,000. Swedbank AB lifted its stake 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 worth $277,821,000 after acquiring an additional 285,949 shares during the period. Finally, Amundi boosted its holdings in shares of Seagate Technology by 32.2% in the first quarter. Amundi now owns 965,565 shares of the data storage provider’s stock valued at $378,267,000 after acquiring an additional 235,359 shares in the last quarter. 92.87% of the stock is owned by hedge funds and other institutional investors.

Seagate Technology Price Performance

STX traded down $40.88 during trading on Thursday, reaching $672.66. 3,691,561 shares of the stock were exchanged, compared to its average volume of 4,381,869. The business’s 50 day moving average price is $849.09 and its two-hundred day moving average price is $800.42. The company has a debt-to-equity ratio of 1.56, a current ratio of 1.67 and a quick ratio of 1.17. The company has a market capitalization of $152.96 billion, a price-to-earnings ratio of 48.49 and a beta of 2.06. Seagate Technology Holdings PLC has a 1 year low of $209.00 and a 1 year high of $1,145.00.

Seagate Technology (NASDAQ:STX) last posted its earnings results on Tuesday, July 28th. The data storage provider reported $5.71 earnings per share for the quarter, beating the consensus estimate of $5.10 by $0.61. Seagate Technology had a return on equity of 369.98% and a net margin of 26.11%. The company had revenue of $3.63 billion for the quarter, compared to analyst estimates of $3.50 billion. During the same quarter in the prior year, the company earned $2.59 earnings per share. Seagate Technology’s revenue was up 48.5% compared to the same quarter last year. Seagate Technology has set its Q1 2027 guidance at 7.100-7.500 EPS. As a group, equities research analysts anticipate that Seagate Technology Holdings PLC will post 35.70 earnings per share for the current year.

Seagate Technology Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 7th. Stockholders of record on Thursday, September 24th were given a $0.74 dividend. The ex-dividend date was Thursday, September 24th. This represents a $2.96 annualized dividend and a dividend yield of 0.4%. Seagate Technology’s dividend payout ratio is currently 21.33%.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on STX shares. JPMorgan Chase & Co. increased their price target on shares of Seagate Technology from $1,095.00 to $1,240.00 and gave the stock an “overweight” rating in a report on Wednesday, July 29th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $1,300.00 price objective on shares of Seagate Technology in a report on Wednesday, July 29th. Bank of America increased their price objective on Seagate Technology from $1,000.00 to $1,150.00 and gave the stock a “buy” rating in a research report on Wednesday, July 1st. Zacks Research cut Seagate Technology from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 28th. Finally, Fox Advisors downgraded Seagate Technology from an “overweight” rating to an “equal weight” rating in a report on Monday, June 22nd. Twenty-two investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $986.00.

Insider Buying and Selling at Seagate Technology

In other news, CFO Gianluca Romano sold 49,984 shares of the firm’s stock in a transaction that occurred on Tuesday, September 15th. The shares were sold at an average price of $772.16, for a total transaction of $38,595,645.44. Following the completion of the transaction, the chief financial officer directly owned 70,756 shares of the company’s stock, valued at $54,634,952.96. This trade represents a 41.40% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 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 the company’s stock in a transaction that occurred on 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 completion of the sale, the executive vice president directly owned 5,810 shares in the company, valued at approximately $4,543,884.80. The trade was a 90.08% 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 have sold 466,959 shares of company stock valued at $378,840,741 over the last three months. Company insiders own 0.51% of the company’s stock.

Trending Headlines about Seagate Technology

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

• Positive Sentiment: Seagate may have a long-term growth runway as cloud providers and AI data centers generate rapidly expanding storage requirements. The company’s own demand trends appear stronger than the recent sector sell-off suggests. Seagate Could Have a Long Runway as Data Storage Demand Explodes
• Positive Sentiment: Analysts continue to point to Seagate’s improving earnings, AI exposure and HAMR technology as longer-term positives. Higher-capacity drives, including 44TB products and planned 100TB drives, could help data centers store more information while reducing equipment and operating requirements. Fiscal 2026 sales rose 34% to $12.2 billion, adjusted operating margin reached 36.5%, and free cash flow increased sharply. Seagate’s Improving Earnings Support a Cautious Upside
• Neutral Sentiment: Seagate is scheduled to report fiscal first-quarter 2027 results after the market closes on October 27. Investors will focus on whether demand, pricing and guidance support the company’s previously strong outlook. Seagate Technology to Report Fiscal First Quarter 2027 Financial Results on October 27, 2026
• Negative Sentiment: Recent reports of technological breakthroughs in China and concerns about future chip and memory supply have triggered a broad sell-off in Seagate and Western Digital. A rival’s move also rattled the hard-drive sector, increasing concerns about competition, supply dynamics and elevated valuation despite unchanged earnings estimates. Seagate and Western Digital Shares Plummet, What You Need To Know

About Seagate Technology

Seagate Technology Holdings plc is a data storage technology company that designs, manufactures and supplies solutions for storing, managing and accessing digital information. Its product portfolio is centered on hard disk drives (HDDs), including high-capacity drives used in cloud data centers, enterprise environments, surveillance systems, network-attached storage and personal computing.

The company also offers solid-state drives (SSDs), storage systems, external storage products and related services.