Seagate Technology Holdings PLC $STX Position Cut by Curated Wealth Partners LLC

Key Points

• Curated Wealth Partners cut its Seagate position by 99% in the third quarter, selling 102,070 shares and retaining 1,074 shares worth about $991,000. Institutional investors collectively own 92.87% of the company.
• Seagate reported quarterly earnings of $5.71 per share, exceeding analyst estimates of $5.10, while revenue rose 48.5% year over year to $3.63 billion. The company also maintains a quarterly dividend of $0.74 per share, representing a 0.4% yield.
• Analysts remain broadly optimistic, with a consensus “Moderate Buy” rating and an average price target of $986, supported by demand for AI and cloud-storage infrastructure. However, insiders have sold substantial shares recently, including CEO William Mosley’s $10.3 million sale, while valuation and broader technology-sector volatility remain risks.

Curated Wealth Partners LLC lessened its position in Seagate Technology Holdings PLC (NASDAQ:STX - Free Report) by 99.0% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,074 shares of the data storage provider's stock after selling 102,070 shares during the period. Curated Wealth Partners LLC's holdings in Seagate Technology were worth $991,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of STX. Retirement Wealth Solutions LLC raised its holdings in Seagate Technology by 70.6% in the second quarter. Retirement Wealth Solutions LLC now owns 29 shares of the data storage provider's stock worth $28,000 after purchasing an additional 12 shares during the period. Jones Financial Companies Lllp acquired a new position in shares of Seagate Technology in the 2nd quarter valued at $39,000. Trust Co. of Vermont acquired a new position in shares of Seagate Technology in the 2nd quarter valued at $54,000. Triumph Capital Management grew its holdings in shares of Seagate Technology by 93.5% in the 2nd quarter. Triumph Capital Management now owns 60 shares of the data storage provider's stock valued at $58,000 after buying an additional 29 shares during the period. Finally, Cornerstone Financial Management LLC increased its position in shares of Seagate Technology by 109.7% in the 2nd quarter. Cornerstone Financial Management LLC now owns 65 shares of the data storage provider's stock valued at $63,000 after buying an additional 34 shares in the last quarter. Institutional investors own 92.87% of the company's stock.

Seagate Technology Stock Performance

Shares of STX stock opened at $690.81 on Friday. The company has a debt-to-equity ratio of 1.56, a quick ratio of 1.17 and a current ratio of 1.67. The company has a market capitalization of $157.08 billion, a P/E ratio of 49.77 and a beta of 2.06. The company's 50 day moving average price is $845.85 and its two-hundred day moving average price is $802.60. Seagate Technology Holdings PLC has a 52 week low of $209.00 and a 52 week high of $1,145.00.

Seagate Technology (NASDAQ:STX - Get Free Report) last announced its quarterly earnings results on Tuesday, July 28th. The data storage provider reported $5.71 earnings per share for the quarter, beating analysts' consensus estimates of $5.10 by $0.61. The firm had revenue of $3.63 billion for the quarter, compared to analyst estimates of $3.50 billion. Seagate Technology had a net margin of 26.11% and a return on equity of 369.98%. The business's revenue was up 48.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.59 earnings per share. Seagate Technology has set its Q1 2027 guidance at 7.100-7.500 EPS. On average, analysts expect that Seagate Technology Holdings PLC will post 35.70 earnings per share for the current fiscal year.

Seagate Technology Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 7th. Investors of record on Thursday, September 24th were issued a dividend of $0.74 per share. This represents a $2.96 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date was Thursday, September 24th. Seagate Technology's dividend payout ratio (DPR) is presently 21.33%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the stock. TD Cowen raised their price objective on Seagate Technology from $850.00 to $1,000.00 and gave the stock a "buy" rating in a research note on Wednesday, July 29th. JPMorgan Chase & Co. lifted their target price on Seagate Technology from $1,095.00 to $1,240.00 and gave the stock an "overweight" rating in a report on Wednesday, July 29th. Cantor Fitzgerald reiterated an "overweight" rating and set a $1,300.00 target price on shares of Seagate Technology in a report on Wednesday, July 29th. Argus boosted their target price on Seagate Technology from $750.00 to $900.00 and gave the company a "buy" rating in a research note on Thursday, July 30th. Finally, Wall Street Zen upgraded Seagate Technology from a "buy" rating to a "strong-buy" rating in a report on Saturday, September 26th. Twenty-two research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, Seagate Technology currently has a consensus rating of "Moderate Buy" and a consensus price target of $986.00.

Key Seagate Technology News

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

• Positive Sentiment: Seagate’s 44TB Mozaic 4 hard drives could support further gross-margin expansion. Higher storage density, improving production efficiency and strong cloud-provider demand may increase profitability as data-center storage needs grow. Can Seagate's 44TB Mozaic 4 Drives Lift Gross Margins Further?
• Positive Sentiment: Analysts see a potentially long runway from surging data-storage demand tied to artificial intelligence and cloud computing. Seagate’s recent results, including strong sales growth, expanded operating margins and higher free cash flow, contrast with the sector’s recent share-price weakness. Seagate Could Have a Long Runway as Data Storage Demand Explodes
• Positive Sentiment: Seagate’s HAMR-based, high-capacity drives—including currently available 44TB products and a longer-term 100TB roadmap—could help data centers store more information with fewer drives and lower operating costs. This supports a cautious bullish view of the stock. Seagate's Improving Earnings Support a Cautious Upside
• Neutral Sentiment: Seagate-specific coverage is focused on valuation and supply-chain concerns rather than a new earnings announcement. Investors are weighing the company’s strong operating outlook against elevated valuation risk and volatility.
• Negative Sentiment: A continuing technology and AI-stock sell-off is pressuring memory and storage shares. Broader concerns about competition, including potential Chinese supply, and a rival’s recent move have weakened sentiment across the hard-drive sector. AI Trade Takes Another Hit Thursday as Tech Sell-Off Continues

Insider Activity at Seagate Technology

In related news, CEO William Mosley sold 11,002 shares of the company's stock in a transaction on Thursday, October 1st. The shares were sold at an average price of $935.60, for a total value of $10,293,471.20. Following the completion of the transaction, the chief executive officer directly owned 362,108 shares of the company's stock, valued at approximately $338,788,244.80. This represents a 2.95% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Ban Teh sold 52,730 shares of the stock in a transaction dated Tuesday, September 15th. The stock was sold at an average price of $782.08, for a total value of $41,239,078.40. Following the transaction, the executive vice president owned 5,810 shares of the company's stock, valued at approximately $4,543,884.80. This trade represents a 90.08% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 466,959 shares of company stock valued at $378,840,741. Insiders own 0.51% of the company's stock.

About Seagate Technology

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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