Capital Research Global Investors Sells 1,103,776 Shares of Seagate Technology Holdings PLC $STX

Key Points

• Capital Research Global Investors trimmed its stake in Seagate by 15.1% in Q3, selling 1,103,776 shares and now owns 6,189,644 shares (about 2.90% of the company) worth $1.461 billion.
• Seagate recently beat estimates with $3.11 EPS (vs. $2.77) and $2.83B revenue (up 21.5% YoY), gave Q3 FY2026 EPS guidance of 3.200–3.600, and has a consensus rating of Moderate Buy with an average price target of $447.35.
• The company announced a quarterly dividend of $0.74 per share (annualized $2.96, yield ~0.8%; ex-dividend March 25, payable April 8) while STX trades around $374 with a market cap near $81.6 billion.

Capital Research Global Investors lowered its position in Seagate Technology Holdings PLC (NASDAQ:STX - Free Report) by 15.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,189,644 shares of the data storage provider's stock after selling 1,103,776 shares during the period. Capital Research Global Investors owned approximately 2.90% of Seagate Technology worth $1,461,127,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in shares of Seagate Technology by 1.6% during the 3rd quarter. Vanguard Group Inc. now owns 28,140,287 shares of the data storage provider's stock worth $6,642,796,000 after purchasing an additional 442,749 shares during the last quarter. State Street Corp increased its position in shares of Seagate Technology by 5.0% during the second quarter. State Street Corp now owns 9,001,365 shares of the data storage provider's stock worth $1,305,499,000 after purchasing an additional 432,455 shares in the last quarter. WCM Investment Management LLC purchased a new position in shares of Seagate Technology in the third quarter worth about $1,187,621,000. Geode Capital Management LLC grew its holdings in Seagate Technology by 1.9% in the 2nd quarter. Geode Capital Management LLC now owns 4,567,181 shares of the data storage provider's stock valued at $656,066,000 after buying an additional 85,660 shares in the last quarter. Finally, Legal & General Group Plc grew its stake in shares of Seagate Technology by 6.0% in the 3rd quarter. Legal & General Group Plc now owns 1,535,675 shares of the data storage provider's stock valued at $362,511,000 after buying an additional 87,056 shares during the period. Hedge funds and other institutional investors own 92.87% of the company's stock.

Seagate Technology Stock Up 6.1%

STX stock opened at $374.33 on Tuesday. Seagate Technology Holdings PLC has a 1 year low of $63.19 and a 1 year high of $459.84. The firm has a market cap of $81.63 billion, a PE ratio of 42.35, a PEG ratio of 0.78 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 company has a fifty day simple moving average of $370.05 and a 200 day simple moving average of $286.06.

Seagate Technology (NASDAQ:STX - Get Free Report) last posted its earnings results on Tuesday, January 27th. The data storage provider reported $3.11 earnings per share for the quarter, beating analysts' consensus estimates of $2.77 by $0.34. Seagate Technology had a net margin of 19.59% and a negative return on equity of 936.38%. The business had revenue of $2.83 billion for the quarter, compared to analysts' expectations of $2.73 billion. During the same quarter in the previous year, the firm posted $2.03 earnings per share. The firm's revenue for the quarter was up 21.5% on a year-over-year basis. Seagate Technology has set its Q3 2026 guidance at 3.200-3.600 EPS. Sell-side analysts anticipate that Seagate Technology Holdings PLC will post 6.83 EPS for the current fiscal year.

Seagate Technology Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 8th. Shareholders of record on Wednesday, March 25th will be given a dividend of $0.74 per share. This represents a $2.96 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date is Wednesday, March 25th. Seagate Technology's dividend payout ratio is presently 33.48%.

Insider Buying and Selling

In other news, 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 value of $234,776.05. Following the completion of the transaction, the executive vice president directly owned 257 shares in the company, valued at approximately $89,654.45. This represents a 72.37% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Kian Fatt Chong sold 5,846 shares of the firm's stock in a transaction 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 SEC filing for this sale provides additional information. Insiders sold 89,051 shares of company stock valued at $34,430,409 in the last quarter. Corporate insiders own 0.79% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. KeyCorp set a $500.00 target price on Seagate Technology in a research note on Wednesday, January 28th. Wells Fargo & Company boosted their target price on Seagate Technology from $360.00 to $450.00 and gave the stock an "equal weight" rating in a research report on Wednesday, January 28th. Barclays increased their price objective on shares of Seagate Technology from $370.00 to $425.00 and gave the company an "equal weight" rating in a research note on Wednesday, January 28th. Cantor Fitzgerald boosted their price objective on shares of Seagate Technology from $500.00 to $650.00 and gave the company an "overweight" rating in a research report on Wednesday, February 4th. Finally, Mizuho lifted their price target on Seagate Technology from $440.00 to $475.00 and gave the company an "outperform" rating in a report on Tuesday, February 17th. One analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and five have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $447.35.

About Seagate Technology

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.

Want to see what other hedge funds are holding STX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Seagate Technology Holdings PLC (NASDAQ:STX - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.