Sanctuary Advisors LLC Trims Stock Position in Seagate Technology Holdings PLC $STX

Key Points

• Sanctuary Advisors LLC trimmed its stake in Seagate by 6.0% in Q4, selling 2,080 shares and leaving it with 32,853 shares worth $9.05 million, while institutional investors now own about 92.87% of the stock.
• Seagate beat expectations with Q3 EPS of $4.10 (vs. $3.47 est.) and revenue of $3.11B (+44% y/y), issued upbeat Q4 guidance (EPS $4.80–5.20, revenue ~$3.4–3.6B), and has seen multiple analyst price-target upgrades supporting a consensus "Moderate Buy" target near $535.58.
• Risk signals remain: insiders sold 111,550 shares (~$46.5M) last quarter, and the company has elevated leverage (debt/equity 7.63) and a rich valuation (P/E 65.5 and a reported anomalous negative ROE), which could amplify downside if demand weakens.

Sanctuary Advisors LLC cut its holdings in Seagate Technology Holdings PLC (NASDAQ:STX - Free Report) by 6.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 32,853 shares of the data storage provider's stock after selling 2,080 shares during the period. Sanctuary Advisors LLC's holdings in Seagate Technology were worth $9,048,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. National Pension Service boosted its position in shares of Seagate Technology by 28.0% during the 3rd quarter. National Pension Service now owns 250,121 shares of the data storage provider's stock worth $59,044,000 after purchasing an additional 54,722 shares during the period. Tokio Marine Asset Management Co. Ltd. purchased a new position in shares of Seagate Technology during the third quarter worth $1,864,000. Sumitomo Mitsui Trust Group Inc. boosted its position in shares of Seagate Technology by 1.2% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 518,806 shares of the data storage provider's stock worth $142,874,000 after buying an additional 6,028 shares during the period. Keystone Investors PTE Ltd. grew its stake in shares of Seagate Technology by 55.7% in the third quarter. Keystone Investors PTE Ltd. now owns 50,321 shares of the data storage provider's stock valued at $11,879,000 after buying an additional 18,000 shares in the last quarter. Finally, Estate Counselors LLC purchased a new stake in shares of Seagate Technology in the 3rd quarter valued at $2,557,000. Institutional investors and hedge funds own 92.87% of the company's stock.

Seagate Technology Stock Performance

NASDAQ STX opened at $579.03 on Wednesday. The company has a fifty day moving average of $444.55 and a two-hundred day moving average of $351.81. The company has a market capitalization of $126.27 billion, a PE ratio of 65.50, a P/E/G ratio of 0.99 and a beta of 1.61. Seagate Technology Holdings PLC has a 1 year low of $81.22 and a 1 year high of $607.89. 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 (NASDAQ:STX - Get Free Report) last posted its quarterly earnings data on Tuesday, April 28th. The data storage provider reported $4.10 earnings per share for the quarter, beating analysts' consensus estimates of $3.47 by $0.63. The firm had revenue of $3.11 billion for the quarter, compared to analyst estimates of $2.94 billion. Seagate Technology had a net margin of 19.59% and a negative return on equity of 936.38%. Seagate Technology's quarterly revenue was up 44.1% on a year-over-year basis. During the same period last year, the firm posted $1.90 EPS. Seagate Technology has set its Q4 2026 guidance at 4.800-5.200 EPS. As a group, analysts expect that Seagate Technology Holdings PLC will post 12.13 earnings per share for the current year.

Seagate Technology Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 7th. Stockholders of record on Wednesday, June 24th will be paid a dividend of $0.74 per share. The ex-dividend date of this dividend is Wednesday, June 24th. This represents a $2.96 dividend on an annualized basis and a dividend yield of 0.5%. Seagate Technology's dividend payout ratio is 33.48%.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Robert W. Baird increased their target price on Seagate Technology from $270.00 to $505.00 and gave the stock an "outperform" rating in a research note on Thursday, January 29th. BNP Paribas Exane increased their price target on shares of Seagate Technology from $430.00 to $530.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 4th. Morgan Stanley upped their target price on shares of Seagate Technology from $468.00 to $582.00 and gave the stock an "overweight" rating in a research note on Monday, April 6th. Susquehanna increased their target price on shares of Seagate Technology from $420.00 to $485.00 and gave the stock a "neutral" rating in a report on Friday, April 10th. Finally, Zacks Research cut shares of Seagate Technology from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 30th. Twenty equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $535.58.

Trending Headlines about Seagate Technology

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

• Positive Sentiment: Q3 results materially beat expectations — EPS $4.10 vs. Street ~3.47 and revenue $3.11B (up ~44% y/y); Seagate reported record margins and nearly $1B of free cash flow, supporting near‑term profitability and cash metrics. Seagate Technology Reports Fiscal Third Quarter 2026 Financial Results
• Positive Sentiment: Management issued very upbeat guidance for the next quarter — EPS guide of 4.800–5.200 and revenue guide ~$3.4–3.6B well above consensus, which underpins the AI/data‑center demand story and lifted storage peers in extended trading. Seagate forecasts upbeat quarter as AI boom powers strong data-storage demand
• Positive Sentiment: Analysts are raising targets and ratings (Bank of America, Wedbush and others lifted targets toward $700), which can support further upside if secular demand and supply dynamics persist. Wedbush raises price target on Seagate to $700
• Neutral Sentiment: Company materials and the earnings call/slide deck are available for detail; investors should review management’s commentary on product mix, inventory and customer pacing for better forward visibility. Seagate earnings transcript and materials
• Negative Sentiment: Valuation and balance‑sheet/returns flags — the stock trades at a rich multiple versus history/peers and reported an anomalous negative return on equity; Seagate also has elevated leverage metrics that could amplify downside if demand softens. SNDK, STX and WDC Forecasts – AI Hype Meets Reality
• Negative Sentiment: Short‑term market dynamics: the post‑earnings rally drew quick profit‑taking and there are voices warning that AI capex could be lumpy — any signs of customer pacing or broader tech sell‑off would likely pressure shares. Storage stocks jump as Seagate's upbeat forecast fuels confidence in AI spending

Insider Activity at Seagate Technology

In other news, Director Jay L. Geldmacher sold 925 shares of the stock in a transaction dated Friday, January 30th. The shares were sold at an average price of $448.02, for a total value of $414,418.50. Following the completion of the transaction, the director owned 223 shares in the company, valued at $99,908.46. This trade represents a 80.57% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Ban Seng Teh sold 20,195 shares of the business's stock in a transaction dated 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 sale, the executive vice president directly owned 3,092 shares in the company, valued at approximately $1,367,560.68. This represents a 86.72% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 111,550 shares of company stock valued at $46,476,441. Company insiders own 0.79% of the company's stock.

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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