Seagate Technology Holdings PLC $STX Shares Purchased by International Assets Investment Management LLC

Key Points

• International Assets Investment Management LLC increased its Seagate stake by 604.8% in the third quarter, bringing its holdings to 11,714 shares valued at approximately $10.8 million. Institutional investors collectively own 92.87% of STX.
• Seagate reported quarterly revenue of $4.23 billion, up 61% year over year, while EPS of $7.68 exceeded the $7.44 consensus estimate. The company also raised its quarterly dividend to $0.76 per share.
• Analyst sentiment remains broadly positive, with a “Moderate Buy” consensus and an average price target of $1,000.88, although several firms recently lowered their targets and insiders have sold substantial shares.

International Assets Investment Management LLC lifted its holdings in Seagate Technology Holdings PLC (NASDAQ:STX - Free Report) by 604.8% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 11,714 shares of the data storage provider's stock after purchasing an additional 10,052 shares during the period. International Assets Investment Management LLC's holdings in Seagate Technology were worth $10,804,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in STX. Retirement Wealth Solutions LLC increased its holdings in Seagate Technology by 70.6% during the second quarter. Retirement Wealth Solutions LLC now owns 29 shares of the data storage provider's stock valued at $28,000 after buying an additional 12 shares during the last quarter. Jones Financial Companies Lllp purchased a new stake in Seagate Technology in the second quarter worth about $39,000. One River Asset Management LLC raised its stake in shares of Seagate Technology by 50.0% in the third quarter. One River Asset Management LLC now owns 45 shares of the data storage provider's stock worth $42,000 after buying an additional 15 shares during the period. Creative Capital Management Investments LLC raised its stake in shares of Seagate Technology by 104.5% in the third quarter. Creative Capital Management Investments LLC now owns 45 shares of the data storage provider's stock worth $42,000 after buying an additional 23 shares during the period. Finally, Laurel Wealth Advisors LLC purchased a new position in shares of Seagate Technology during the 3rd quarter valued at about $42,000. Hedge funds and other institutional investors own 92.87% of the company's stock.

Seagate Technology Stock Performance

NASDAQ:STX opened at $644.58 on Friday. The stock has a 50-day moving average price of $799.09 and a 200 day moving average price of $688.41. The stock has a market capitalization of $146.57 billion, a P/E ratio of 33.85 and a beta of 2.06. Seagate Technology Holdings PLC has a 12-month low of $228.61 and a 12-month high of $1,145.00. The company has a current ratio of 1.82, a quick ratio of 1.17 and a debt-to-equity ratio of 0.68.

Seagate Technology (NASDAQ:STX - Get Free Report) last posted its quarterly earnings results on Tuesday, October 27th. The data storage provider reported $7.68 earnings per share for the quarter, topping the consensus estimate of $7.44 by $0.24. Seagate Technology had a return on equity of 252.47% and a net margin of 31.86%. The business had revenue of $4.23 billion during the quarter, compared to the consensus estimate of $4.15 billion. During the same period in the prior year, the company posted $2.61 EPS. The firm's revenue for the quarter was up 61.0% compared to the same quarter last year. Equities research analysts forecast that Seagate Technology Holdings PLC will post 37.44 EPS for the current fiscal year.

Seagate Technology Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 7th. Investors of record on Wednesday, December 23rd will be given a dividend of $0.76 per share. This is a positive change from Seagate Technology's previous quarterly dividend of $0.74. This represents a $3.04 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date is Wednesday, December 23rd. Seagate Technology's dividend payout ratio (DPR) is currently 15.55%.

Insider Activity at Seagate Technology

In other news, EVP John Morris sold 15,466 shares of Seagate Technology stock in a transaction dated 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 sale, the executive vice president directly owned 31,132 shares of the company's stock, valued at approximately $24,038,573.80. The trade was a 33.19% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, EVP Ban Teh sold 52,730 shares of the business's 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 completion of the sale, the executive vice president owned 5,810 shares in the company, valued at $4,543,884.80. This represents a 90.08% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 466,812 shares of company stock worth $378,583,042 in the last three months. Insiders own 0.51% of the company's stock.

Key Seagate Technology News

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

• Positive Sentiment: Seagate reported fiscal Q1 2027 revenue of approximately $4.23 billion, up 61% year over year, and non-GAAP EPS of $7.68, exceeding the $7.44 consensus estimate. Record free cash flow of roughly $1.5 billion, stronger pricing and robust mass-capacity demand support the company’s AI and cloud-storage growth outlook. Seagate Q1 Earnings Ride Record Cash Flow and AI Demand
• Positive Sentiment: Analysts continue to highlight Seagate’s exposure to expanding data-center capacity needs. Some commentary favors STX over Western Digital because of its higher return on equity, lower forward valuation and record cash generation. Western Digital vs. Seagate
• Positive Sentiment: Seagate announced a dividend increase, adding to its appeal for income-oriented investors during market volatility and ongoing inflation and interest-rate uncertainty. Stocks That Declared Dividend Hikes
• Positive Sentiment: Wedbush maintained an “Outperform” rating, while Morgan Stanley reportedly reduced its target but still sees substantial potential upside, indicating that some analysts view the pullback as an opportunity. Wedbush Outperform Rating
• Neutral Sentiment: The earnings response has been muted because elevated expectations appear to have been largely priced into STX after its substantial prior run. Investors are weighing excellent results against valuation, future growth assumptions and the sustainability of AI-driven demand. Post-Earnings Pullback
• Negative Sentiment: Seagate is declining alongside Sandisk, Western Digital and Micron in a broader semiconductor and memory-stock selloff, suggesting sector-wide profit-taking is outweighing the company’s earnings beat. Storage and Memory Stocks Sell Off
• Negative Sentiment: TD Cowen, Morgan Stanley, Citigroup, Susquehanna and Wells Fargo lowered their price targets or forecasts. Summit Insights also downgraded the stock, creating near-term pressure even though several firms remain constructive. TD Cowen Cuts Seagate Price Target

Wall Street Analyst Weigh In

STX has been the subject of several analyst reports. JPMorgan Chase & Co. increased their target price on shares of Seagate Technology from $1,095.00 to $1,240.00 and gave the stock an "overweight" rating in a report on Wednesday, July 29th. Susquehanna lowered their price target on shares of Seagate Technology from $925.00 to $765.00 and set a "neutral" rating on the stock in a report on Wednesday. Wedbush reiterated an "outperform" rating and issued a $1,000.00 price target on shares of Seagate Technology in a research report on Wednesday. Sanford C. Bernstein reissued an "outperform" rating and issued a $1,350.00 price objective on shares of Seagate Technology in a research note on Wednesday, July 29th. Finally, TD Cowen decreased their price objective on shares of Seagate Technology from $1,000.00 to $900.00 and set a "buy" rating on the stock in a research report on Wednesday. Twenty-two analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $1,000.88.

Seagate Technology Company Profile

Seagate Technology Holdings plc NASDAQ: STX is a data storage company that develops and manufactures mass-capacity storage products and solutions. Its portfolio is centered on hard disk drives (HDDs) used in cloud data centers, enterprise systems, network-attached storage, video and imaging applications, and personal computers.

The company also provides storage-related services and solutions designed to help organizations store, manage, protect, and access large volumes of digital information.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.