Seagate Technology Holdings PLC $STX Shares Newly Purchased by N10 Wealth LLC

Key Points

• N10 Wealth LLC purchased 2,000 Seagate shares worth approximately $1.845 million, while institutional investors and hedge funds collectively own 92.87% of the company.
• Seagate exceeded quarterly expectations with $5.71 in EPS and $3.63 billion in revenue, up 48.5% year over year. The company also issued a quarterly dividend of $0.74 per share.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $986, although insiders sold substantial shares and STX recently traded at $718.01, reflecting significant volatility.

N10 Wealth LLC bought a new position in shares of Seagate Technology Holdings PLC (NASDAQ:STX - Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 2,000 shares of the data storage provider's stock, valued at approximately $1,845,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in STX. Wellington Management Group LLP raised 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 valued at $2,329,641,000 after buying 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 first quarter. Janus Henderson Group PLC now owns 967,528 shares of the data storage provider's stock worth $378,985,000 after buying an additional 943,170 shares in the last quarter. Amanah Holdings Trust acquired a new stake in Seagate Technology during the fourth quarter worth approximately $79,801,000. Swedbank AB grew its position in Seagate Technology by 67.6% during 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 in the last quarter. Finally, Amundi increased its stake in Seagate Technology by 32.2% during the 1st quarter. Amundi now owns 965,565 shares of the data storage provider's stock worth $378,267,000 after acquiring an additional 235,359 shares during the period. Institutional investors and hedge funds own 92.87% of the company's stock.

Seagate Technology Price Performance

Shares of NASDAQ STX traded down $29.19 during trading hours on Wednesday, hitting $718.01. 2,329,453 shares of the stock were exchanged, compared to its average volume of 4,375,903. 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 cap of $163.27 billion, a PE ratio of 51.59 and a beta of 2.06. The company's fifty day simple moving average is $851.58 and its two-hundred day simple moving average is $798.06. Seagate Technology Holdings PLC has a 1-year low of $209.00 and a 1-year high of $1,145.00.

Seagate Technology (NASDAQ:STX - Get Free Report) last announced 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 net margin of 26.11% and a return on equity of 369.98%. The business had revenue of $3.63 billion for the quarter, compared to analysts' expectations of $3.50 billion. During the same period last year, the firm posted $2.59 earnings per share. The firm's quarterly revenue was up 48.5% compared to the same quarter last year. Seagate Technology has set its Q1 2027 guidance at 7.100-7.500 EPS. On average, sell-side analysts predict that Seagate Technology Holdings PLC will post 35.70 EPS for the current year.

Seagate Technology Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on STX. Zacks Research cut Seagate Technology from a "strong-buy" rating to a "hold" rating in a report on Monday, September 28th. Fox Advisors lowered Seagate Technology from an "overweight" rating to an "equal weight" rating in a report on Monday, June 22nd. Wall Street Zen raised Seagate Technology from a "buy" rating to a "strong-buy" rating in a report on Saturday, September 26th. Wedbush raised their price target on Seagate Technology from $825.00 to $1,000.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 29th. Finally, Melius Research began coverage on Seagate Technology in a research note on Monday, June 29th. They issued a "buy" rating and a $1,600.00 price target for the company. Twenty-two equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $986.00.

Insiders Place Their Bets

In other news, CEO William D. Mosley sold 97,889 shares of the business's stock in a transaction on Tuesday, September 15th. The stock was sold at an average price of $772.14, for a total transaction of $75,584,012.46. Following the completion of the transaction, the chief executive officer owned 378,108 shares of the company's stock, valued at approximately $291,952,311.12. The trade was a 20.57% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, EVP John Morris sold 15,466 shares of the business's stock in a transaction on Tuesday, September 15th. The stock was sold at an average price of $772.15, for a total value of $11,942,071.90. Following the transaction, the executive vice president directly owned 31,132 shares of the company's stock, valued at $24,038,573.80. This trade represents a 33.19% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last quarter, insiders have sold 466,959 shares of company stock worth $378,840,741. 0.51% of the stock is currently owned by company insiders.

Key Stories Impacting Seagate Technology

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

• Positive Sentiment: Seagate’s improving fundamentals continue to support the long-term investment case. Fiscal 2026 sales reportedly rose 34% to $12.2 billion, adjusted operating margin reached 36.5%, and free cash flow increased sharply. Its HAMR technology, including 44TB drives and a roadmap toward 100TB products, could benefit from the continued growth of AI-related data-center storage demand. Seagate's Improving Earnings Support A Cautious Upside
• Positive Sentiment: Analysts have reportedly maintained their earnings estimates despite the recent selloff, leaving a substantial gap between the current valuation and the average price target. This suggests some investors view the decline as a potential opportunity, although the stock’s high volatility makes that upside uncertain. Rapid Growth, High Volatility, and Near 50% Upside Confound Seagate Technology Investors
• Neutral Sentiment: Seagate will report fiscal first-quarter 2027 results after the market closes on October 27. Investors are likely to focus on demand from cloud customers, pricing, margins and whether the company can support its previously issued earnings outlook. Seagate Technology to Report Fiscal First Quarter 2027 Financial Results
• Negative Sentiment: Reports of design breakthroughs by Chinese memory companies have intensified concerns about future competition and pressured the broader memory complex. Investors appear to be reducing exposure to storage-related stocks, even though Seagate does not produce the DRAM products at the center of the concern. Seagate and Western Digital Shares Plummet
• Negative Sentiment: Seagate is also facing valuation and supply-chain concerns after a very strong multiyear rally. The combination of elevated expectations, sector-wide risk reduction and uncertainty about Chinese competition is weighing on near-term sentiment. Seagate Technology Holdings Tests Valuation as Supply Chain Fears Hit Sentiment

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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