Seagate Technology Holdings PLC $STX Shares Purchased by First Trust Advisors LP

Key Points

• First Trust Advisors LP increased its stake in Seagate by 8.7% in Q3 to 450,783 shares (about 0.21% of the company), adding 36,075 shares and valuing its position at roughly $106.4 million.
• Institutional ownership is very high at 92.87%, with major holders like Vanguard and State Street raising positions and Soroban Capital increasing its stake 1,468% to 1,417,600 shares, while insiders have sold 89,051 shares (~$34.4M) over the past three months.
• Analysts have turned generally bullish—Seagate carries an average rating of Moderate Buy with an average price target of $447.35 after several upgrades (e.g., Cantor Fitzgerald to $650), and the company recently beat quarterly EPS estimates ($3.11 vs. $2.77) with revenue up 21.5% and Q3 2026 EPS guidance of 3.20–3.60.

First Trust Advisors LP grew its stake in Seagate Technology Holdings PLC (NASDAQ:STX - Free Report) by 8.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 450,783 shares of the data storage provider's stock after acquiring an additional 36,075 shares during the quarter. First Trust Advisors LP owned about 0.21% of Seagate Technology worth $106,412,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in Seagate Technology by 1.6% in the third quarter. Vanguard Group Inc. now owns 28,140,287 shares of the data storage provider's stock valued at $6,642,796,000 after purchasing an additional 442,749 shares during the last quarter. State Street Corp boosted its stake in Seagate Technology by 5.0% in the 2nd quarter. State Street Corp now owns 9,001,365 shares of the data storage provider's stock worth $1,305,499,000 after buying an additional 432,455 shares during the last quarter. WCM Investment Management LLC acquired a new stake in Seagate Technology in the 3rd quarter worth about $1,187,621,000. Geode Capital Management LLC grew its holdings in Seagate Technology by 1.9% in the 2nd quarter. Geode Capital Management LLC now owns 4,567,181 shares of the data storage provider's stock valued at $656,066,000 after buying an additional 85,660 shares during the period. Finally, Soroban Capital Partners LP increased its stake in shares of 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 acquiring an additional 1,327,197 shares during the last quarter. Institutional investors and hedge funds own 92.87% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on STX shares. Evercore boosted their price objective on shares of Seagate Technology from $330.00 to $450.00 and gave the company an "outperform" rating in a research note on Wednesday, January 28th. Jefferies Financial Group reaffirmed a "hold" rating on shares of Seagate Technology in a research report on Wednesday, February 4th. Zacks Research raised Seagate Technology from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, February 17th. Cantor Fitzgerald upped their price target on Seagate Technology from $500.00 to $650.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 4th. Finally, Morgan Stanley raised their price objective on Seagate Technology from $337.00 to $372.00 and gave the stock an "overweight" rating in a report on Thursday, January 22nd. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and five have given a Hold rating to the company's stock. Based on data from MarketBeat.com, Seagate Technology currently has an average rating of "Moderate Buy" and an average price target of $447.35.

Insider Activity

In other Seagate Technology news, EVP James Ci Lee sold 673 shares of Seagate Technology stock in a transaction on Monday, January 26th. The shares were sold at an average price of $348.85, for a total value of $234,776.05. Following the completion of the transaction, the executive vice president owned 257 shares of the company's stock, valued at $89,654.45. The trade was a 72.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Kian Fatt Chong sold 5,846 shares of the business's stock in a transaction 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 SEC filing for this sale provides additional information. Insiders sold a total of 89,051 shares of company stock valued at $34,430,409 over the last three months. 0.79% of the stock is currently owned by company insiders.

Seagate Technology Stock Performance

Shares of STX stock opened at $352.80 on Monday. The stock has a market capitalization of $76.94 billion, a price-to-earnings ratio of 39.91, a PEG ratio of 0.78 and a beta of 1.61. Seagate Technology Holdings PLC has a one year low of $63.19 and a one year high of $459.84. The company's 50-day simple moving average is $368.19 and its 200-day simple moving average is $284.51. The company has a debt-to-equity ratio of 7.63, a quick ratio of 0.72 and a current ratio of 1.12.

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 the consensus estimate of $2.77 by $0.34. Seagate Technology had a negative return on equity of 936.38% and a net margin of 19.59%.The firm had revenue of $2.83 billion for the quarter, compared to analysts' expectations of $2.73 billion. During the same quarter in the prior year, the firm posted $2.03 earnings per share. Seagate Technology's revenue for the quarter was up 21.5% compared to the same quarter last year. Seagate Technology has set its Q3 2026 guidance at 3.200-3.600 EPS. Equities analysts anticipate that Seagate Technology Holdings PLC will post 6.83 earnings per share for the current fiscal year.

Seagate Technology Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 8th. Investors of record on Wednesday, March 25th will be given a dividend of $0.74 per share. This represents a $2.96 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend is Wednesday, March 25th. Seagate Technology's dividend payout ratio is currently 33.48%.

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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