Dimensional Fund Advisors LP Reduces Holdings in Seagate Technology Holdings PLC $STX

Key Points

• Dimensional Fund Advisors reduced its stake in Seagate by 6.7% in Q3, selling 64,699 shares and now owning 898,578 shares (about 0.42% of the company) valued at roughly $212.1 million.
• Seagate beat expectations with Q results of $3.11 EPS vs. $2.77 expected and revenue up 21.5% to $2.83 billion, set Q3 2026 guidance of $3.20–$3.60 EPS, and analysts have raised price targets (average ≈ $447) with mostly Buy/Moderate Buy ratings.
• Significant insider selling occurred recently—insiders sold 89,051 shares worth about $34.4 million in the past three months (including large EVP sales), leaving insiders with 0.79% ownership.

Dimensional Fund Advisors LP reduced its stake in Seagate Technology Holdings PLC (NASDAQ:STX - Free Report) by 6.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 898,578 shares of the data storage provider's stock after selling 64,699 shares during the period. Dimensional Fund Advisors LP owned about 0.42% of Seagate Technology worth $212,055,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Insigneo Advisory Services LLC purchased a new stake in shares of Seagate Technology during the third quarter valued at approximately $216,000. Cresset Asset Management LLC increased its stake in shares of Seagate Technology by 4.1% in the third quarter. Cresset Asset Management LLC now owns 7,286 shares of the data storage provider's stock worth $1,726,000 after buying an additional 287 shares during the period. AustralianSuper Pty Ltd raised its holdings in Seagate Technology by 6.9% during the 3rd quarter. AustralianSuper Pty Ltd now owns 24,093 shares of the data storage provider's stock valued at $5,687,000 after buying an additional 1,547 shares during the last quarter. Level Four Advisory Services LLC raised its holdings in Seagate Technology by 50.8% during the 3rd quarter. Level Four Advisory Services LLC now owns 4,629 shares of the data storage provider's stock valued at $1,093,000 after buying an additional 1,560 shares during the last quarter. Finally, CI Investments Inc. raised its holdings in Seagate Technology by 31.1% during the 3rd quarter. CI Investments Inc. now owns 1,599 shares of the data storage provider's stock valued at $377,000 after buying an additional 379 shares during the last quarter. Institutional investors own 92.87% of the company's stock.

Insider Activity

In other Seagate Technology news, EVP Ban Seng Teh sold 20,195 shares of the company's stock in a transaction that occurred on Thursday, January 29th. The stock was sold at an average price of $442.29, for a total transaction of $8,932,046.55. Following the transaction, the executive vice president owned 3,092 shares in the company, valued at approximately $1,367,560.68. This represents a 86.72% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Kian Fatt Chong sold 5,846 shares of the firm'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 value of $2,434,742.08. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 89,051 shares of company stock worth $34,430,409. Company insiders own 0.79% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on STX shares. Morgan Stanley raised their price target on shares of Seagate Technology from $337.00 to $372.00 and gave the stock an "overweight" rating in a report on Thursday, January 22nd. Cantor Fitzgerald upped their price objective on shares of Seagate Technology from $500.00 to $650.00 and gave the company an "overweight" rating in a research note on Wednesday, February 4th. Rosenblatt Securities increased their target price on shares of Seagate Technology from $370.00 to $500.00 and gave the stock a "buy" rating in a report on Wednesday, January 28th. The Goldman Sachs Group raised their target price on Seagate Technology from $310.00 to $385.00 and gave the stock a "buy" rating in a research note on Wednesday, January 28th. Finally, Mizuho upped their price target on Seagate Technology from $440.00 to $475.00 and gave the company an "outperform" rating in a research report on Tuesday, February 17th. One investment 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 has an average rating of "Moderate Buy" and an average price target of $447.35.

Seagate Technology Stock Down 4.0%

Shares of NASDAQ STX opened at $352.80 on Friday. The firm has a fifty day simple moving average of $368.19 and a two-hundred day simple moving average of $283.63. Seagate Technology Holdings PLC has a 12 month low of $63.19 and a 12 month high of $459.84. 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 firm has a market capitalization of $76.94 billion, a PE ratio of 39.91, a price-to-earnings-growth ratio of 0.79 and a beta of 1.61.

Seagate Technology (NASDAQ:STX - Get Free Report) last announced 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 firm had revenue of $2.83 billion for the quarter, compared to analyst estimates of $2.73 billion. During the same quarter in the previous year, the firm posted $2.03 EPS. The company's revenue for the quarter was up 21.5% compared to the same quarter last year. Seagate Technology has set its Q3 2026 guidance at 3.200-3.600 EPS. Equities analysts expect that Seagate Technology Holdings PLC will post 6.83 earnings per share for the current year.

Seagate Technology Dividend Announcement

The company also recently disclosed 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 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend is Wednesday, March 25th. Seagate Technology's payout ratio is presently 33.48%.

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.

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