Farther Finance Advisors LLC Buys 2,159 Shares of Seagate Technology Holdings PLC $STX

Key Points

• Farther Finance Advisors increased its Seagate stake by 14.1% in the third quarter, bringing its holdings to 17,445 shares valued at approximately $16.1 million. Institutional investors collectively own 92.87% of the company.
• Seagate reported quarterly EPS of $5.71 and revenue of $3.63 billion, beating estimates, while revenue increased 48.5% year over year. Strong AI-driven demand for high-capacity enterprise storage continues to support the company’s outlook.
• Insiders sold 466,959 shares worth about $378.8 million over the past 90 days, although some sales were tied to tax obligations and a pre-arranged trading plan. Analysts maintain a consensus “Moderate Buy” rating with an average price target of $986.

Farther Finance Advisors LLC lifted its stake in Seagate Technology Holdings PLC (NASDAQ:STX - Free Report) by 14.1% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 17,445 shares of the data storage provider's stock after purchasing an additional 2,159 shares during the quarter. Farther Finance Advisors LLC's holdings in Seagate Technology were worth $16,090,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of STX. Wellington Management Group LLP increased its position in shares of Seagate Technology by 2,655.9% in the second quarter. Wellington Management Group LLP now owns 2,414,136 shares of the data storage provider's stock worth $2,329,641,000 after acquiring an additional 2,326,538 shares in the last quarter. Janus Henderson Group PLC grew its position in Seagate Technology by 3,872.1% during the 1st quarter. Janus Henderson Group PLC now owns 967,528 shares of the data storage provider's stock worth $378,985,000 after purchasing an additional 943,170 shares in the last quarter. Deutsche Bank AG raised its stake in Seagate Technology by 102.0% during the 4th quarter. Deutsche Bank AG now owns 1,599,962 shares of the data storage provider's stock valued at $440,614,000 after purchasing an additional 807,962 shares during the period. Amanah Holdings Trust purchased a new stake in shares of Seagate Technology in the fourth quarter valued at $79,801,000. Finally, Swedbank AB boosted its position in shares of Seagate Technology by 67.6% in the first quarter. Swedbank AB now owns 709,160 shares of the data storage provider's stock worth $277,821,000 after buying an additional 285,949 shares during the period. Institutional investors and hedge funds own 92.87% of the company's stock.

Insider Transactions at Seagate Technology

In other news, CFO Gianluca Romano sold 49,984 shares of the stock in a transaction on Tuesday, September 15th. The shares were sold at an average price of $772.16, for a total transaction of $38,595,645.44. Following the transaction, the chief financial officer owned 70,756 shares in the company, valued at $54,634,952.96. This represents a 41.40% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, EVP Ban Teh sold 52,730 shares of the firm'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 transaction, the executive vice president owned 5,810 shares in the company, valued at $4,543,884.80. This represents a 90.08% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 466,959 shares of company stock worth $378,840,741. 0.51% of the stock is owned by corporate insiders.

Key Headlines Impacting Seagate Technology

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

• Positive Sentiment: AI workloads continue to generate substantial demand for cost-efficient, high-capacity storage, supporting the long-term outlook for Seagate’s enterprise HDD business. Analysts are also comparing Seagate favorably with Western Digital as investors assess which storage stock has more upside. Seagate vs. Western Digital: Which HDD Stock Has More Room to Run?
• Positive Sentiment: Seagate recently delivered stronger-than-expected results, with quarterly revenue rising sharply year over year and earnings exceeding analysts’ estimates. Its next-quarter guidance also points to continued profitability, although investors are now focused on whether supply changes could affect that trajectory.
• Positive Sentiment: The company paid a dividend to shareholders, reinforcing its income appeal and highlighting the potential for shareholder returns alongside its growth exposure. HP, Merck, and Seagate Just Paid Their Shareholders

Seagate Technology Price Performance

Shares of NASDAQ:STX opened at $774.83 on Friday. 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. The business has a fifty day simple moving average of $856.56 and a 200 day simple moving average of $790.73. The firm has a market cap of $176.19 billion, a price-to-earnings ratio of 55.82 and a beta of 2.06.

Seagate Technology (NASDAQ:STX - Get Free Report) last released its quarterly earnings data on Tuesday, July 28th. The data storage provider reported $5.71 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $5.10 by $0.61. Seagate Technology had a return on equity of 369.98% and a net margin of 26.11%.The firm had revenue of $3.63 billion during the quarter, compared to analysts' expectations of $3.50 billion. During the same quarter last year, the firm earned $2.59 earnings per share. The business's revenue for the quarter was up 48.5% on a year-over-year basis. Seagate Technology has set its Q1 2027 guidance at 7.100-7.500 EPS. As a group, sell-side analysts predict that Seagate Technology Holdings PLC will post 35.7 earnings per share for the current fiscal year.

Seagate Technology Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 7th. Stockholders 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 payout ratio is currently 21.33%.

Analysts Set New Price Targets

Several research firms recently weighed in on STX. China Renaissance upped their price target on Seagate Technology from $802.00 to $983.00 in a research report on Friday, June 12th. Barclays raised their price objective on Seagate Technology from $1,000.00 to $1,250.00 and gave the stock an "overweight" rating in a research report on Thursday, July 30th. Bank of America lifted their target price on Seagate Technology from $1,000.00 to $1,150.00 and gave the company a "buy" rating in a research note on Wednesday, July 1st. Susquehanna upped their target price on Seagate Technology from $775.00 to $875.00 and gave the company a "neutral" rating in a report on Wednesday, July 29th. Finally, Wall Street Zen raised shares of Seagate Technology from a "buy" rating to a "strong-buy" rating in a research report on Saturday, September 26th. Twenty-two 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 company currently has a consensus rating of "Moderate Buy" and an average price target of $986.00.

Seagate Technology Company 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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