Seagate Technology Holdings PLC $STX Position Cut by Danske Bank A S

Key Points

• Danske Bank trimmed its Seagate stake by 6.4% in Q4 to 107,030 shares (~$29.5M), but other institutions (WCM, Arrowstreet, MFS) opened or dramatically increased positions, leaving institutional ownership at about 92.9%.
• Insider selling accelerated last quarter, with executives offloading a total of 90,430 shares (~$37.1M) including the CEO's 20,000-share sale, and insiders now own just 0.79% of the stock.
• Strong Q‑quarter results and AI-driven demand — Seagate beat April-quarter estimates (EPS $4.10 vs. $3.51; revenue $3.11B, +44.1% YoY), spurring analyst price-target upgrades and a "Moderate Buy" consensus (~$709), though analysts warn of valuation and capex‑cycle risks.

Danske Bank A S trimmed its holdings in Seagate Technology Holdings PLC (NASDAQ:STX - Free Report) by 6.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 107,030 shares of the data storage provider's stock after selling 7,274 shares during the quarter. Danske Bank A S owned about 0.05% of Seagate Technology worth $29,475,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in STX. WCM Investment Management LLC bought a new position in Seagate Technology during the 3rd quarter valued at $1,187,621,000. Arrowstreet Capital Limited Partnership boosted its stake in Seagate Technology by 1,072.5% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 2,949,512 shares of the data storage provider's stock valued at $696,262,000 after purchasing an additional 2,697,957 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its stake in Seagate Technology by 1,510.1% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 2,008,516 shares of the data storage provider's stock valued at $553,125,000 after purchasing an additional 1,883,769 shares in the last quarter. Soroban Capital Partners LP boosted its stake in Seagate Technology by 1,468.1% during the 2nd quarter. Soroban Capital Partners LP now owns 1,417,600 shares of the data storage provider's stock valued at $204,602,000 after purchasing an additional 1,327,197 shares in the last quarter. Finally, Trivest Advisors Ltd bought a new position in Seagate Technology during the 3rd quarter valued at $170,435,000. 92.87% of the stock is owned by institutional investors.

Insider Activity at Seagate Technology

In related news, EVP Kian Fatt Chong sold 5,846 shares of the stock in a transaction that occurred on Monday, February 23rd. The shares were sold at an average price of $416.48, for a total transaction of $2,434,742.08. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO William D. Mosley sold 20,000 shares of the stock in a transaction that occurred on Wednesday, April 1st. The stock was sold at an average price of $420.73, for a total transaction of $8,414,600.00. Following the sale, the chief executive officer owned 355,591 shares in the company, valued at $149,607,801.43. This represents a 5.32% 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. Insiders have sold a total of 90,430 shares of company stock worth $37,129,976 in the last quarter. 0.79% of the stock is currently owned by company insiders.

Seagate Technology Stock Up 7.9%

Shares of STX opened at $726.93 on Friday. Seagate Technology Holdings PLC has a 12 month low of $91.29 and a 12 month high of $728.00. The firm's 50 day moving average is $454.23 and its 200-day moving average is $357.02. The stock has a market capitalization of $163.00 billion, a PE ratio of 68.97, a P/E/G ratio of 1.17 and a beta of 1.98. The company has a current ratio of 1.33, a quick ratio of 0.72 and a debt-to-equity ratio of 3.16.

Seagate Technology (NASDAQ:STX - Get Free Report) last announced its earnings results on Tuesday, April 28th. The data storage provider reported $4.10 EPS for the quarter, topping the consensus estimate of $3.51 by $0.59. The company had revenue of $3.11 billion for the quarter, compared to analysts' expectations of $2.96 billion. Seagate Technology had a net margin of 21.60% and a return on equity of 1,005.65%. The business's revenue for the quarter was up 44.1% on a year-over-year basis. During the same period last year, the firm earned $1.90 earnings per share. Seagate Technology has set its Q4 2026 guidance at 4.800-5.200 EPS. Equities research analysts forecast that Seagate Technology Holdings PLC will post 14.1 EPS for the current year.

Seagate Technology Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 7th. Investors of record on Wednesday, June 24th will be given a dividend of $0.74 per share. The ex-dividend date is Wednesday, June 24th. This represents a $2.96 annualized dividend and a dividend yield of 0.4%. Seagate Technology's dividend payout ratio (DPR) is currently 28.08%.

Analyst Upgrades and Downgrades

STX has been the subject of several research reports. China Renaissance raised their price objective on Seagate Technology from $325.00 to $452.00 and gave the stock a "buy" rating in a research note on Thursday, January 15th. Susquehanna increased their target price on shares of Seagate Technology from $485.00 to $615.00 and gave the stock a "neutral" rating in a research report on Wednesday. Robert W. Baird boosted their price target on Seagate Technology from $270.00 to $505.00 and gave the company an "outperform" rating in a research note on Thursday, January 29th. Evercore lifted their target price on shares of Seagate Technology from $550.00 to $750.00 and gave the company an "outperform" rating in a research note on Wednesday. Finally, KeyCorp set a $500.00 target price on shares of Seagate Technology in a research report on Wednesday, January 28th. Twenty analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $709.13.

Trending Headlines about Seagate Technology

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

• Positive Sentiment: Q3 earnings beat and AI-driven guidance—Seagate reported a big EPS/revenue beat and raised forward outlook, which investors interpret as confirmation that AI data-center spending is lifting demand for high-performance HDD and enterprise storage. Seagate stock surges after Q3 earnings — why the rally may continue
• Positive Sentiment: Large price-target upgrades—Sanford C. Bernstein lifted its PT to $1,000 (outperform) and Argus bumped its PT to $750 (buy), signaling strong sell‑side conviction that STX will benefit from the AI capex cycle. Bernstein adjusts Seagate price target to $1,000 Argus raises Seagate PT to $750
• Positive Sentiment: Industry confirmation of AI storage demand—Peers (Sandisk, Western Digital) and multiple analyst notes say Big Tech will spend heavily on AI infrastructure through 2026, boosting demand for storage components. That macro tailwind is central to the bullish thesis for STX. Sandisk joins Western Digital, Seagate in signaling strong AI storage demand
• Positive Sentiment: High-profile endorsements and coverage—Jim Cramer and multiple analyst blogs are spotlighting Seagate as a direct beneficiary of constrained supply vs. booming demand for AI storage, attracting retail and institutional attention. Jim Cramer Says “Seagate’s Been a Horse for Ages Now”
• Neutral Sentiment: Company product/service news—Seagate refreshed storage product lines aimed at high-resolution media and AI workflows, reinforcing the growth story but not an immediate earnings surprise. Seagate launches refreshed storage lineup
• Neutral Sentiment: Sector volatility—After Seagate-led rallies, peers have shown volatile post-earnings trading (e.g., Sandisk/WDC slipped despite strong forecasts), highlighting event-driven swings even as structural demand remains. Red-Hot AI Stock Western Digital Slides Late Despite Earnings Beat
• Neutral Sentiment: Media/attention items—Stories on “AI tokens” and pieces asking whether it’s too late to buy reflect heightened retail interest and sentiment momentum, which can amplify moves but add noise. Seagate stock has everyone talking about AI tokens Is It Too Late To Consider Seagate After Its Recent AI Storage-Fueled Surge?
• Negative Sentiment: Valuation and cycle risk—Analyst commentaries warn Seagate may be trading at peak earnings multiples tied to a hyperscaler capex cycle that could slow after FY26/FY27; that raises downside risk if AI capex moderates. Seagate: The Biggest Risk Is Buying At The Top Of The Industry Capex Cycle

Seagate Technology 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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