4,083 Seagate Technology Holdings PLC $STX Shares Acquired by NFSG Corp

Key Points

• NFSG Corp dramatically increased its Seagate stake by purchasing 4,083 additional shares in the third quarter, bringing its total holdings to 4,090 shares valued at approximately $3.77 million. Institutional investors collectively own 92.87% of Seagate.
• Analyst sentiment remains favorable, with 22 Buy ratings and five Holds producing a consensus “Moderate Buy” rating and an average price target of $986. Several firms recently raised their targets to between $1,150 and $1,187.
• Seagate reported strong quarterly results, beating earnings and revenue estimates while posting 48.5% year-over-year revenue growth, though the stock opened down 3.2% at $690.81 amid insider selling and broader technology-sector volatility.

NFSG Corp lifted its stake in Seagate Technology Holdings PLC (NASDAQ:STX - Free Report) by 58,328.6% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 4,090 shares of the data storage provider's stock after purchasing an additional 4,083 shares during the quarter. NFSG Corp's holdings in Seagate Technology were worth $3,772,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Retirement Wealth Solutions LLC raised its holdings in Seagate Technology by 70.6% during the 2nd quarter. Retirement Wealth Solutions LLC now owns 29 shares of the data storage provider's stock worth $28,000 after buying an additional 12 shares during the period. Jones Financial Companies Lllp purchased a new stake in Seagate Technology during the second quarter valued at about $39,000. Trust Co. of Vermont purchased a new stake in Seagate Technology during the second quarter valued at about $54,000. Triumph Capital Management boosted its holdings in shares of Seagate Technology by 93.5% in the second quarter. Triumph Capital Management now owns 60 shares of the data storage provider's stock worth $58,000 after buying an additional 29 shares during the period. Finally, Cornerstone Financial Management LLC boosted its holdings in shares of Seagate Technology by 109.7% in the second quarter. Cornerstone Financial Management LLC now owns 65 shares of the data storage provider's stock worth $63,000 after buying an additional 34 shares during the period. Hedge funds and other institutional investors own 92.87% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on STX. Bank of America lifted their target price on shares of 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. Weiss Ratings downgraded shares of Seagate Technology from a "buy (b)" rating to a "buy (b-)" rating in a research report on Friday, October 2nd. Zacks Research lowered shares of Seagate Technology from a "strong-buy" rating to a "hold" rating in a research note on Monday, September 28th. Wells Fargo & Company raised their price objective on shares of Seagate Technology from $1,100.00 to $1,180.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 29th. Finally, Morgan Stanley lifted their price objective on shares of Seagate Technology from $1,035.00 to $1,187.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 29th. Twenty-two analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $986.00.

Trending Headlines about Seagate Technology

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

• Positive Sentiment: Seagate’s 44TB Mozaic 4 hard drives could support further gross-margin expansion. Higher storage density, improving production efficiency and strong cloud-provider demand may increase profitability as data-center storage needs grow. Can Seagate's 44TB Mozaic 4 Drives Lift Gross Margins Further?
• Positive Sentiment: Analysts see a potentially long runway from surging data-storage demand tied to artificial intelligence and cloud computing. Seagate’s recent results, including strong sales growth, expanded operating margins and higher free cash flow, contrast with the sector’s recent share-price weakness. Seagate Could Have a Long Runway as Data Storage Demand Explodes
• Positive Sentiment: Seagate’s HAMR-based, high-capacity drives—including currently available 44TB products and a longer-term 100TB roadmap—could help data centers store more information with fewer drives and lower operating costs. This supports a cautious bullish view of the stock. Seagate's Improving Earnings Support a Cautious Upside
• Neutral Sentiment: Seagate-specific coverage is focused on valuation and supply-chain concerns rather than a new earnings announcement. Investors are weighing the company’s strong operating outlook against elevated valuation risk and volatility.
• Negative Sentiment: A continuing technology and AI-stock sell-off is pressuring memory and storage shares. Broader concerns about competition, including potential Chinese supply, and a rival’s recent move have weakened sentiment across the hard-drive sector. AI Trade Takes Another Hit Thursday as Tech Sell-Off Continues

Insider Activity at Seagate Technology

In related news, EVP Ban Teh sold 52,730 shares of the business'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 transaction of $41,239,078.40. Following the transaction, 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 SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP John Morris sold 9,354 shares of the company's stock in a transaction that occurred on Monday, September 21st. The shares were sold at an average price of $877.91, for a total transaction of $8,211,970.14. Following the completion of the transaction, the executive vice president owned 22,693 shares in the company, valued at approximately $19,922,411.63. This represents a 29.19% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 466,959 shares of company stock valued at $378,840,741. 0.51% of the stock is owned by company insiders.

Seagate Technology Stock Down 3.2%

Shares of Seagate Technology stock opened at $690.81 on Friday. The stock has a 50-day moving average price of $845.85 and a 200 day moving average price of $802.60. The company has a market cap of $157.08 billion, a P/E ratio of 49.77 and a beta of 2.06. The company has a current ratio of 1.67, a quick ratio of 1.17 and a debt-to-equity ratio of 1.56. 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 - Get Free Report) last released 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. The company had revenue of $3.63 billion for 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 business's revenue for the quarter was up 48.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.59 EPS. Seagate Technology has set its Q1 2027 guidance at 7.100-7.500 EPS. As a group, analysts expect that Seagate Technology Holdings PLC will post 35.70 EPS for the current fiscal year.

Seagate Technology Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 7th. Investors of record on Thursday, September 24th were issued 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 currently 21.33%.

Seagate Technology Profile

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.

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