2,193 Seagate Technology Holdings PLC $STX Shares Sold by Hosking Partners LLP

Hosking Partners LLP cut its holdings in Seagate Technology Holdings PLC (NASDAQ:STX - Free Report) by 4.1% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 51,662 shares of the data storage provider's stock after selling 2,193 shares during the period. Seagate Technology accounts for 1.7% of Hosking Partners LLP's holdings, making the stock its 19th biggest holding. Hosking Partners LLP's holdings in Seagate Technology were worth $47,650,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in STX. Retirement Wealth Solutions LLC raised its position in shares of Seagate Technology by 70.6% during the second quarter. Retirement Wealth Solutions LLC now owns 29 shares of the data storage provider's stock valued at $28,000 after buying an additional 12 shares during the last quarter. Bridgewater Advisors Inc. lifted its holdings in shares of Seagate Technology by 0.9% in the first quarter. Bridgewater Advisors Inc. now owns 1,477 shares of the data storage provider's stock worth $579,000 after buying an additional 13 shares in the last quarter. Baker Tilly Wealth Management LLC boosted its position in shares of Seagate Technology by 4.6% during the third quarter. Baker Tilly Wealth Management LLC now owns 319 shares of the data storage provider's stock worth $295,000 after acquiring an additional 14 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC boosted its position in shares of Seagate Technology by 23.1% during the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 80 shares of the data storage provider's stock worth $31,000 after acquiring an additional 15 shares during the last quarter. Finally, One River Asset Management LLC grew its stake in Seagate Technology by 50.0% during the third quarter. One River Asset Management LLC now owns 45 shares of the data storage provider's stock valued at $42,000 after acquiring an additional 15 shares in the last quarter. 92.87% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

STX has been the topic of a number of research reports. Morgan Stanley lifted their price target on shares of Seagate Technology from $1,187.00 to $1,200.00 and gave the company an "overweight" rating in a report on Tuesday. Zacks Research downgraded shares of Seagate Technology from a "strong-buy" rating to a "hold" rating in a report on Monday, September 28th. Melius Research assumed coverage on Seagate Technology in a research report on Monday, June 29th. They set a "buy" rating and a $1,600.00 price objective for the company. Sanford C. Bernstein reaffirmed an "outperform" rating and issued a $1,350.00 target price on shares of Seagate Technology in a report on Wednesday, July 29th. Finally, Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $1,300.00 target price on shares of Seagate Technology in a report on Wednesday, July 29th. Twenty-two equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $975.92.

Seagate Technology Stock Performance

Seagate Technology stock opened at $696.88 on Thursday. The company's 50-day moving average price is $833.04 and its 200-day moving average price is $810.11. Seagate Technology Holdings PLC has a twelve month low of $209.00 and a twelve month high of $1,145.00. The company has a quick ratio of 1.17, a current ratio of 1.67 and a debt-to-equity ratio of 1.56. The company has a market cap of $158.46 billion, a PE ratio of 50.21 and a beta of 2.06.

Seagate Technology (NASDAQ:STX - Get Free Report) last announced its earnings results on Tuesday, July 28th. The data storage provider reported $5.71 EPS for the quarter, topping analysts' consensus estimates of $5.10 by $0.61. The firm had revenue of $3.63 billion during the quarter, compared to analysts' expectations 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% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.59 EPS. Seagate Technology has set its Q1 2027 guidance at 7.100-7.500 EPS. On average, equities research analysts forecast that Seagate Technology Holdings PLC will post 35.75 EPS for the current fiscal year.

Seagate Technology Dividend Announcement

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

Insiders Place Their Bets

In other news, EVP Ban Teh sold 52,730 shares of the business's stock in a transaction on Tuesday, September 15th. The shares were sold at an average price of $782.08, for a total transaction of $41,239,078.40. Following the completion of the sale, the executive vice president directly owned 5,810 shares of the company's stock, valued at approximately $4,543,884.80. The trade was a 90.08% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO William D. Mosley sold 11,002 shares of the business's stock in a transaction on Thursday, October 1st. The shares were sold at an average price of $935.60, for a total transaction of $10,293,471.20. Following the sale, the chief executive officer directly owned 362,108 shares of the company's stock, valued at $338,788,244.80. This represents a 2.95% decrease in their ownership of the stock. 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. Insiders have sold a total of 466,959 shares of company stock valued at $378,840,741 in the last three months. 0.51% of the stock is owned by company insiders.

Key Headlines Impacting Seagate Technology

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

• Positive Sentiment: Bank of America raised its price target to $1,200 from $1,150 and reiterated a Buy rating. The bank expects fiscal first-quarter 2027 revenue near the high end of management’s guidance and earnings above the company’s projected range, citing HDD demand that is exceeding Seagate’s long-term expectations. Seagate price target raised as Bank of America sees strong demand for hard drives
• Positive Sentiment: Morgan Stanley also maintained a bullish view and lifted its price target to $1,200 from $1,187. The firm expects strong quarterly results and better-than-expected guidance, making Seagate an aggressive-buy candidate after its recent weakness. Seagate, Western Digital stocks gain as this analyst sees 80% upside
• Positive Sentiment: Zacks upgraded Seagate to Rank #2, or Buy, reflecting improving expectations for earnings. The service also highlighted Seagate’s history of exceeding estimates and the current combination of factors that could support another earnings beat. Seagate upgraded to Buy
• Neutral Sentiment: Growth-focused commentary points to Seagate’s strong revenue and earnings attributes, while investors await the next quarterly report. The company’s latest reported quarter already exceeded expectations, with revenue up 48.5% year over year and earnings above consensus.
• Negative Sentiment: Valuation and profit-taking risks remain. Seagate has delivered a very large gain in 2026, prompting debate over whether investors should lock in profits or continue holding. Earlier share-price pressure also reflected concerns about AI-related financing and competition, although analysts currently expect these issues to be outweighed by demand and guidance strength. Micron and Seagate rally prompts profit-taking debate

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.

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