Seagate Technology Holdings PLC $STX Holdings Increased by Americana Partners LLC

Americana Partners LLC grew its position in Seagate Technology Holdings PLC (NASDAQ:STX) by 203.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,851 shares of the data storage provider’s stock after acquiring an additional 4,595 shares during the period. Americana Partners LLC’s holdings in Seagate Technology were worth $6,319,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. NewEdge Advisors LLC grew its position in Seagate Technology by 85.9% during the first quarter. NewEdge Advisors LLC now owns 22,046 shares of the data storage provider’s stock worth $8,637,000 after buying an additional 10,190 shares during the period. UNICOM Systems Inc. lifted its position in shares of Seagate Technology by 18.2% during the 2nd quarter. UNICOM Systems Inc. now owns 43,500 shares of the data storage provider’s stock valued at $41,978,000 after acquiring an additional 6,700 shares during the period. USA Financial Formulas acquired a new stake in shares of Seagate Technology during the 1st quarter valued at approximately $1,328,000. Financial Insights Inc. acquired a new stake in shares of Seagate Technology during the 2nd quarter valued at approximately $706,000. Finally, Silverleafe Capital Partners LLC purchased a new stake in shares of Seagate Technology during the 3rd quarter worth approximately $820,000. 92.87% of the stock is currently owned by institutional investors and hedge funds.

Seagate Technology Stock Down 8.0%

Shares of NASDAQ STX opened at $644.58 on Friday. Seagate Technology Holdings PLC has a 52-week low of $228.61 and a 52-week high of $1,145.00. The firm has a fifty day moving average of $799.09 and a 200-day moving average of $688.41. The stock has a market capitalization of $146.57 billion, a PE ratio of 33.85 and a beta of 2.06. 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 released its quarterly earnings data on Tuesday, October 27th. The data storage provider reported $7.68 EPS for the quarter, topping analysts’ consensus estimates of $7.44 by $0.24. The business had revenue of $4.23 billion during the quarter, compared to the consensus estimate of $4.15 billion. Seagate Technology had a return on equity of 252.47% and a net margin of 31.86%. The business’s revenue for the quarter was up 61.0% on a year-over-year basis. During the same period in the prior year, the firm posted $2.61 EPS. On average, analysts anticipate that Seagate Technology Holdings PLC will post 36.37 EPS for the current year.

Seagate Technology Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 7th. Shareholders of record on Wednesday, December 23rd will be given a dividend of $0.76 per share. 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 dividend payout ratio (DPR) is presently 15.55%.

Insider Activity at Seagate Technology

In other news, EVP John Morris sold 9,354 shares of Seagate Technology stock in a transaction dated Monday, September 21st. The stock was sold at an average price of $877.91, for a total value of $8,211,970.14. Following the transaction, the executive vice president directly owned 22,693 shares of the company’s stock, valued at $19,922,411.63. The trade was a 29.19% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO William Mosley sold 11,002 shares of the business’s stock in a transaction dated 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 sale, the chief executive officer owned 362,108 shares of the company’s stock, valued at $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 a total of 466,812 shares of company stock valued at $378,583,042 over the last three months. Insiders own 0.51% of the company’s stock.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on STX shares. Wedbush restated an “outperform” rating and issued a $1,000.00 price target on shares of Seagate Technology in a report on Wednesday. Susquehanna reduced their price objective on Seagate Technology from $925.00 to $765.00 and set a “neutral” rating for the company in a report on Wednesday. Wall Street Zen upgraded Seagate Technology from a “buy” rating to a “strong-buy” rating in a research report on Saturday, September 26th. Weiss Ratings upgraded Seagate Technology from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, October 16th. Finally, Summit Insights cut Seagate Technology from a “buy” rating to a “hold” rating in a research report on Wednesday. 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 a consensus rating of “Moderate Buy” and a consensus target price of $1,000.88.

Seagate Technology Company 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.