Bell Bank Trims Stock Holdings in Seagate Technology Holdings PLC $STX

Key Points

• Bell Bank reduced its stake in Seagate by 12.4% in Q4, selling 6,985 shares and leaving it with 49,368 shares worth about $13.6 million, roughly 0.6% of its portfolio and its 21st largest holding.
• Seagate posted stronger-than-expected results (Q EPS $3.11 vs. $2.77; revenue $2.83B, up 21.5% YoY) and several brokers raised price targets, leaving a MarketBeat consensus of “Moderate Buy” with a $447.35 target.
• Significant insider selling occurred (113,635 shares, ~$44.4M, last quarter) even as institutional ownership remains high at 92.87%, a mix that could influence near-term stock volatility.

Bell Bank lowered its stake in shares of Seagate Technology Holdings PLC (NASDAQ:STX - Free Report) by 12.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 49,368 shares of the data storage provider's stock after selling 6,985 shares during the period. Seagate Technology accounts for approximately 0.6% of Bell Bank's portfolio, making the stock its 21st biggest holding. Bell Bank's holdings in Seagate Technology were worth $13,595,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in STX. Integrated Wealth Concepts LLC boosted its stake in shares of Seagate Technology by 168.0% during the 1st quarter. Integrated Wealth Concepts LLC now owns 7,177 shares of the data storage provider's stock worth $610,000 after purchasing an additional 4,499 shares during the last quarter. Sivia Capital Partners LLC acquired a new position in shares of Seagate Technology in the second quarter valued at approximately $262,000. Prudential Financial Inc. lifted its stake in shares of Seagate Technology by 22.3% during the second quarter. Prudential Financial Inc. now owns 30,811 shares of the data storage provider's stock valued at $4,447,000 after buying an additional 5,611 shares during the period. Steward Partners Investment Advisory LLC lifted its stake in shares of Seagate Technology by 9.3% during the second quarter. Steward Partners Investment Advisory LLC now owns 13,987 shares of the data storage provider's stock valued at $2,019,000 after buying an additional 1,195 shares during the period. Finally, Advisors Asset Management Inc. boosted its position in Seagate Technology by 16.6% during the second quarter. Advisors Asset Management Inc. now owns 1,068 shares of the data storage provider's stock worth $154,000 after acquiring an additional 152 shares during the last quarter. Hedge funds and other institutional investors own 92.87% of the company's stock.

Key Stories Impacting Seagate Technology

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

• Positive Sentiment: Zacks highlights Seagate as a "strong growth stock," pointing to its growth scores and investor-friendly metrics that support a growth-oriented thesis for STX. Here's Why Seagate (STX) is a Strong Growth Stock
• Positive Sentiment: MarketBeat flags Seagate among the most upgraded stocks in 2026, signaling rising analyst optimism which can support upward price momentum and investor interest. Analyst Optimism: MarketBeat's Most Upgraded Stocks of 2026
• Positive Sentiment: Seagate joined the AR Alliance (SPIE), expanding partnerships across optics/AR suppliers — a strategic tie that could open new enterprise and edge storage opportunities over time. Twelve New Member Companies join the AR Alliance
• Neutral Sentiment: Comparative research pieces (Zacks/Yahoo) weigh Seagate against IBM for enterprise storage exposure — they underline different plays on the AI/data boom (Seagate: HAMR, cash flow; IBM: hybrid cloud/AI platform). This frames STX as a hardware/capacity play versus platform peers. Seagate vs. IBM: Which Enterprise Storage Stock is the Better Bet? Seagate vs. IBM (Zacks)
• Negative Sentiment: Alphabet's new TurboQuant and related research prompted concerns that models will need less memory, triggering sector selling (Micron and peers) and briefly pressuring STX. Coverage notes an immediate negative read-through for storage/memory demand assumptions. Did Alphabet Just End the AI Memory Boom?
• Negative Sentiment: News pieces report an afternoon slide in STX shares after Google’s TurboQuant disclosure, and broader sell-side/commentary warns macro/interest‑rate pressures continue to weigh on hardware names. These dynamics increase short-term volatility risk. Why Seagate (STX) Shares Are Sliding Today SNDK, WDC and STX Forecasts – FXEmpire

Wall Street Analyst Weigh In

Several research firms have commented on STX. Robert W. Baird lifted their target price on shares of Seagate Technology from $270.00 to $505.00 and gave the stock an "outperform" rating in a research note on Thursday, January 29th. Barclays raised their price objective on Seagate Technology from $370.00 to $425.00 and gave the stock an "equal weight" rating in a report on Wednesday, January 28th. Evercore lifted their price objective on Seagate Technology from $330.00 to $450.00 and gave the company an "outperform" rating in a research report on Wednesday, January 28th. Benchmark upped their target price on Seagate Technology from $255.00 to $325.00 and gave the company a "buy" rating in a research note on Tuesday, December 16th. Finally, Susquehanna upgraded Seagate Technology from a "negative" rating to a "neutral" rating and increased their target price for the stock from $150.00 to $280.00 in a research report on Friday, January 16th. One research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $447.35.

Insider Activity at Seagate Technology

In other Seagate Technology news, EVP Kian Fatt Chong sold 5,846 shares of the business's stock in a transaction that occurred on Monday, February 23rd. The shares were sold at an average price of $416.48, for a total transaction of $2,434,742.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP James Ci Lee sold 673 shares of the stock in a transaction on Monday, January 26th. The stock was sold at an average price of $348.85, for a total transaction of $234,776.05. Following the completion of the sale, the executive vice president directly owned 257 shares of the company's stock, valued at $89,654.45. The trade was a 72.37% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 113,635 shares of company stock valued at $44,430,443 over the last quarter. Company insiders own 0.79% of the company's stock.

Seagate Technology Price Performance

STX stock opened at $380.07 on Friday. The company has a market cap of $82.88 billion, a PE ratio of 42.99, a price-to-earnings-growth ratio of 0.85 and a beta of 1.61. The company has a current ratio of 1.12, a quick ratio of 0.72 and a debt-to-equity ratio of 7.63. The stock has a 50-day moving average price of $397.40 and a two-hundred day moving average price of $307.41. Seagate Technology Holdings PLC has a 12-month low of $63.19 and a 12-month high of $459.84.

Seagate Technology (NASDAQ:STX - Get Free Report) last released its quarterly earnings data on Tuesday, January 27th. The data storage provider reported $3.11 EPS for the quarter, topping analysts' consensus estimates of $2.77 by $0.34. The company had revenue of $2.83 billion for the quarter, compared to the consensus estimate of $2.73 billion. Seagate Technology had a negative return on equity of 936.38% and a net margin of 19.59%.The company's quarterly revenue was up 21.5% compared to the same quarter last year. During the same period last year, the business posted $2.03 EPS. Seagate Technology has set its Q3 2026 guidance at 3.200-3.600 EPS. As a group, research analysts predict that Seagate Technology Holdings PLC will post 6.83 EPS for the current year.

Seagate Technology Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 8th. Investors of record on Wednesday, March 25th will be issued a $0.74 dividend. The ex-dividend date is Wednesday, March 25th. This represents a $2.96 annualized dividend and a yield of 0.8%. Seagate Technology's dividend payout ratio (DPR) is presently 33.48%.

Seagate Technology 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.

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