MWA Asset Management Reduces Holdings in Seagate Technology Holdings PLC $STX

Key Points

• MWA Asset Management trimmed its Seagate stake by 12.9% in Q4, selling 3,664 shares and leaving 24,668 shares worth about $6.79 million; Seagate is MWA's 4th largest holding at 3.8% of its portfolio.
• Seagate beat expectations — Q earnings of $3.11 EPS (vs. $2.77 est.) and $2.83B revenue (+21.5% YoY) — and set Q3 2026 guidance of 3.200–3.600 EPS, while analysts have raised price targets and maintain a generally bullish "Moderate Buy" consensus (avg PT $518.29).
• Significant insider selling (112,223 shares worth ~$46.7M over 90 days; insiders now own 0.79%) and the recent launch of leveraged STX ETFs could boost short‑term volatility despite positive broker upgrades.

MWA Asset Management trimmed its position in Seagate Technology Holdings PLC (NASDAQ:STX - Free Report) by 12.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 24,668 shares of the data storage provider's stock after selling 3,664 shares during the quarter. Seagate Technology makes up 3.8% of MWA Asset Management's holdings, making the stock its 4th largest position. MWA Asset Management's holdings in Seagate Technology were worth $6,793,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Rakuten Securities Inc. raised its holdings in shares of Seagate Technology by 884.2% in the 2nd quarter. Rakuten Securities Inc. now owns 187 shares of the data storage provider's stock valued at $27,000 after purchasing an additional 168 shares during the period. Salomon & Ludwin LLC grew its stake in Seagate Technology by 124.4% in the 4th quarter. Salomon & Ludwin LLC now owns 92 shares of the data storage provider's stock valued at $27,000 after buying an additional 51 shares during the last quarter. Armstrong Advisory Group Inc. acquired a new position in Seagate Technology in the 4th quarter valued at about $28,000. Avion Wealth grew its stake in Seagate Technology by 343.5% in the 4th quarter. Avion Wealth now owns 102 shares of the data storage provider's stock valued at $28,000 after buying an additional 79 shares during the last quarter. Finally, First Horizon Corp acquired a new position in Seagate Technology in the 3rd quarter valued at about $33,000. 92.87% of the stock is owned by institutional investors.

Seagate Technology Stock Performance

Shares of NASDAQ:STX opened at $586.25 on Friday. The company's 50 day simple moving average is $437.89 and its 200 day simple moving average is $344.91. The stock has a market capitalization of $127.84 billion, a price-to-earnings ratio of 66.32, a price-to-earnings-growth ratio of 0.98 and a beta of 1.61. The company has a debt-to-equity ratio of 7.63, a current ratio of 1.12 and a quick ratio of 0.72. Seagate Technology Holdings PLC has a 1 year low of $80.56 and a 1 year high of $607.89.

Seagate Technology (NASDAQ:STX - Get Free Report) last announced its quarterly earnings data on Tuesday, January 27th. The data storage provider reported $3.11 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.77 by $0.34. The business had revenue of $2.83 billion for the quarter, compared to analysts' expectations of $2.73 billion. Seagate Technology had a net margin of 19.59% and a negative return on equity of 936.38%. The firm's quarterly revenue was up 21.5% compared to the same quarter last year. During the same period last year, the firm posted $2.03 earnings per share. 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 12.13 EPS for the current fiscal year.

Seagate Technology Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 8th. Investors of record on Wednesday, March 25th were paid a $0.74 dividend. The ex-dividend date of this dividend was Wednesday, March 25th. This represents a $2.96 annualized dividend and a yield of 0.5%. Seagate Technology's dividend payout ratio is presently 33.48%.

Insiders Place Their Bets

In related news, EVP Ban Seng Teh sold 20,195 shares of the stock in a transaction that occurred on Thursday, January 29th. The shares were sold at an average price of $442.29, for a total value of $8,932,046.55. Following the completion of the transaction, the executive vice president owned 3,092 shares of the company's stock, valued at $1,367,560.68. This represents a 86.72% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP James Ci Lee sold 673 shares of the stock in a transaction that occurred on Monday, January 26th. The shares were sold at an average price of $348.85, for a total transaction of $234,776.05. Following the completion of the transaction, the executive vice president directly owned 257 shares of the company's stock, valued at approximately $89,654.45. The trade was a 72.37% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 112,223 shares of company stock worth $46,711,217 over the last 90 days. Insiders own 0.79% of the company's stock.

Trending Headlines about Seagate Technology

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

• Positive Sentiment: Barclays upgraded STX to a Buy, citing additional upside in an AI‑driven rally and suggesting there's "another leg" to the move — a key driver of today’s bullish sentiment. Seagate Stock Upgraded To Buy
• Positive Sentiment: Loop Capital raised its price target on Seagate from $700 to $800 and maintained a Buy rating — a material upward revision that supports higher analyst-driven demand. Loop Capital Adjusts Price Target
• Positive Sentiment: Additional broker upgrades and positive notes (UBS/other outlets) are reinforcing the buy-side view that Seagate can capture share of growing data-storage demand tied to AI, gaming and creator workflows. Seagate Raised to Overweight at Barclays / UBS coverage
• Positive Sentiment: Seagate unveiled new high‑capacity consumer and prosumer storage products targeted at AI, gaming and creators — positioning the company to monetize rising data-demand and potentially lift revenue growth. Product details and positioning covered across BusinessWire, Forbes, Zacks and Yahoo. Seagate Introduces Storage Built for Consumer Data Explosion
• Neutral Sentiment: New single‑stock leveraged ETFs (Defiance’s 2x STXL and Tradr’s 200% ETFs) on STX were launched this week — these products increase speculative flows and intraday liquidity/volatility but don't change Seagate's fundamentals. Traders should expect larger short-term swings. Defiance Launches STXL
• Neutral Sentiment: Broader tech/mega-cap momentum (Apple and other Magnificent Seven names in earnings focus) is supporting sector sentiment; this macro tailwind can lift STX but is not a company‑specific catalyst. Apple Stock, Back In Growth Mode

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on STX. Rosenblatt Securities upped their price target on shares of Seagate Technology from $370.00 to $500.00 and gave the company a "buy" rating in a research note on Wednesday, January 28th. Morgan Stanley upped their price target on shares of Seagate Technology from $468.00 to $582.00 and gave the company an "overweight" rating in a research note on Monday, April 6th. KeyCorp set a $500.00 price target on shares of Seagate Technology in a research note on Wednesday, January 28th. Bank of America upped their price target on shares of Seagate Technology from $450.00 to $605.00 and gave the company a "buy" rating in a research note on Monday, April 20th. Finally, BNP Paribas Exane upped their price target on shares of Seagate Technology from $430.00 to $530.00 and gave the company an "outperform" rating in a research note on Wednesday, February 4th. Twenty equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $518.29.

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.

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