Seagate Technology Holdings PLC $STX Shares Sold by Glenmede Trust Co. NA

Glenmede Trust Co. NA cut its stake in shares of Seagate Technology Holdings PLC (NASDAQ:STX) by 5.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 21,130 shares of the data storage provider’s stock after selling 1,192 shares during the quarter. Glenmede Trust Co. NA’s holdings in Seagate Technology were worth $8,278,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the stock. Summitry LLC acquired a new position in Seagate Technology during the 1st quarter valued at approximately $211,000. CTC Alternative Strategies Ltd. acquired a new stake in Seagate Technology in the first quarter worth $322,000. Paragon Private Wealth Management LLC lifted its stake in Seagate Technology by 12.6% in the first quarter. Paragon Private Wealth Management LLC now owns 7,678 shares of the data storage provider’s stock valued at $3,008,000 after buying an additional 857 shares during the last quarter. Edgestream Partners L.P. bought a new stake in Seagate Technology in the first quarter valued at $215,000. Finally, Janus Henderson Group PLC boosted its holdings in shares of Seagate Technology by 3,872.1% during the first quarter. Janus Henderson Group PLC now owns 967,528 shares of the data storage provider’s stock valued at $378,985,000 after acquiring an additional 943,170 shares during the period. Institutional investors own 92.87% of the company’s stock.

Seagate Technology Stock Performance

NASDAQ:STX opened at $831.06 on Tuesday. Seagate Technology Holdings PLC has a twelve month low of $144.75 and a twelve month high of $1,145.00. The company has a current ratio of 1.67, a quick ratio of 1.17 and a debt-to-equity ratio of 1.56. The company has a 50-day moving average of $897.28 and a 200-day moving average of $633.59. The firm has a market cap of $186.35 billion, a price-to-earnings ratio of 59.87 and a beta of 2.06.

Seagate Technology (NASDAQ:STX) last announced its quarterly earnings data on Tuesday, July 28th. The data storage provider reported $5.71 EPS for the quarter, beating analysts’ consensus estimates of $5.10 by $0.61. The company had revenue of $3.63 billion during the quarter, compared to the consensus estimate of $3.50 billion. Seagate Technology had a return on equity of 369.98% and a net margin of 26.11%.The company’s quarterly revenue was up 48.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.59 EPS. Seagate Technology has set its Q1 2027 guidance at 7.100-7.500 EPS. Analysts forecast that Seagate Technology Holdings PLC will post 33.08 earnings per share for the current fiscal year.

Seagate Technology Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 7th. Shareholders of record on Thursday, September 24th will be given a dividend of $0.74 per share. This represents a $2.96 annualized dividend and a yield of 0.4%. The ex-dividend date is Thursday, September 24th. Seagate Technology’s payout ratio is presently 21.33%.

Insiders Place Their Bets

In other Seagate Technology news, CEO William D. Mosley sold 30,000 shares of the business’s stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $751.29, for a total transaction of $22,538,700.00. Following the sale, the chief executive officer directly owned 339,591 shares of the company’s stock, valued at $255,131,322.39. The trade was a 8.12% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Gianluca Romano sold 22,488 shares of the stock in a transaction on Wednesday, May 6th. The shares were sold at an average price of $774.22, for a total value of $17,410,659.36. Following the completion of the sale, the chief financial officer owned 42,847 shares of the company’s stock, valued at $33,173,004.34. The trade was a 34.42% decrease in their position. 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. In the last three months, insiders have sold 143,860 shares of company stock worth $120,918,795. Corporate insiders own 0.79% of the company’s stock.

Seagate Technology News Summary

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

• Positive Sentiment: Long-term AI orders are improving visibility. BNP Paribas highlighted unusually strong, long-term customer commitments, suggesting Seagate may have better revenue visibility than is typical for a cyclical storage company. That could support more durable growth and justify a favorable outlook. BNP Paribas Resets Seagate Target After Stunning AI Signal
• Positive Sentiment: Recent results and guidance exceeded expectations. Seagate reported quarterly earnings of $5.71 per share versus the $5.10 consensus estimate, while revenue of $3.63 billion topped forecasts of $3.50 billion and increased 48.5% year over year. Its $7.10-$7.50 per-share outlook for the next quarter also came in above expectations, reinforcing the AI-driven demand story. Seagate Rallies on Strong Q4 Results and Guidance
• Positive Sentiment: Industry AI spending remains a tailwind. Big Tech is expected to spend more than $750 billion on AI infrastructure in 2026, potentially benefiting Seagate and other storage suppliers as demand for data-center capacity expands. The Zacks Analyst Blog Highlights Micron, Seagate, Western Digital, Sandisk and Vertiv
• Neutral Sentiment: Executive selling was disclosed. EVP James Ci Lee sold 694 shares worth approximately $609,000 under a pre-arranged Rule 10b5-1 trading plan. The sale reduced his holdings by two-thirds, but the scheduled nature of the transaction limits its significance as a signal about management’s outlook.
• Negative Sentiment: Storage stocks faced broad sector pressure. Seagate declined alongside Western Digital, Micron and other memory names as investors cooled on the group. The move suggests profit-taking and concerns about cyclical demand or elevated valuations, with STX trading at a high earnings multiple after a substantial rally. Seagate and Western Digital Dive as Memory Stocks Cool

Wall Street Analysts Forecast Growth

STX has been the topic of a number of analyst reports. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $1,350.00 price objective on shares of Seagate Technology in a report on Wednesday, July 29th. Rosenblatt Securities boosted their target price on shares of Seagate Technology from $1,300.00 to $1,400.00 and gave the company a “buy” rating in a research note on Wednesday, July 29th. Wells Fargo & Company upped their target price on shares of Seagate Technology from $1,100.00 to $1,180.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 29th. BNP Paribas Exane raised their price target on shares of Seagate Technology from $530.00 to $860.00 and gave the company an “outperform” rating in a research note on Wednesday, April 29th. Finally, Barclays boosted their price objective on Seagate Technology from $1,000.00 to $1,250.00 and gave the stock an “overweight” rating in a research report on Thursday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $986.00.

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.