Seagate Technology Holdings PLC $STX Stock Bought by Russell Investments Group Ltd.

Key Points

• Russell Investments increased its Seagate stake by 8% in the third quarter, adding 55,404 shares to hold 748,798 shares worth about $690.3 million. Seagate represents 0.6% of Russell’s portfolio.
• Other investors also added to or initiated positions in Seagate; institutional investors collectively own 92.87% of the company. Insiders sold shares recently, with the article noting the executive sales were to cover tax withholding on vested equity awards.
• Seagate beat quarterly earnings and revenue expectations, with revenue up 61% year over year, and raised its quarterly dividend from $0.74 to $0.76 per share. Analysts’ consensus rating is “Moderate Buy,” with an average price target of $1,000.88.

Russell Investments Group Ltd. boosted its stake in shares of Seagate Technology Holdings PLC (NASDAQ:STX - Free Report) by 8.0% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 748,798 shares of the data storage provider's stock after purchasing an additional 55,404 shares during the period. Seagate Technology comprises about 0.6% of Russell Investments Group Ltd.'s investment portfolio, making the stock its 16th biggest position. Russell Investments Group Ltd. owned approximately 0.33% of Seagate Technology worth $690,316,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of STX. NewEdge Advisors LLC raised its stake in Seagate Technology by 85.9% during the 1st quarter. NewEdge Advisors LLC now owns 22,046 shares of the data storage provider's stock worth $8,637,000 after acquiring an additional 10,190 shares during the period. UNICOM Systems Inc. boosted its position in shares of Seagate Technology by 18.2% in the second quarter. UNICOM Systems Inc. now owns 43,500 shares of the data storage provider's stock worth $41,978,000 after purchasing an additional 6,700 shares during the period. USA Financial Formulas bought a new position in shares of Seagate Technology in the first quarter worth approximately $1,328,000. Silverleafe Capital Partners LLC bought a new position in shares of Seagate Technology in the third quarter worth approximately $820,000. Finally, Financial Insights Inc. purchased a new stake in shares of Seagate Technology in the second quarter worth $706,000. Institutional investors own 92.87% of the company's stock.

More Seagate Technology News

Here's some of the latest news about STX:

• Positive Sentiment: CoreWeave beat expectations and raised its 2026 guidance, reviving confidence that AI data-center construction will sustain demand for Seagate’s nearline storage products. Seagate Stocks Jump as CoreWeave Results Revive Nearline Storage Demand
• Positive Sentiment: Seagate launched the FireCuda Forge, a product combining SSD speed with HDD capacity, broadening its portfolio as demand for high-capacity storage grows. Seagate Expands Storage Portfolio With FireCuda Forge Launch
• Positive Sentiment: A Morgan Stanley analysis points to potential recovery upside, citing the gap between Seagate’s strong sales growth and its recent share-price decline. Morgan Stanley Sees Potential Rebound

Insider Activity at Seagate Technology

In other Seagate Technology news, CFO Gianluca Romano sold 49,984 shares of Seagate Technology stock in a transaction on Tuesday, September 15th. The shares were sold at an average price of $772.16, for a total value of $38,595,645.44. Following the sale, the chief financial officer directly owned 70,756 shares in the company, valued at approximately $54,634,952.96. The trade was a 41.40% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO William D. Mosley sold 97,889 shares of Seagate Technology stock in a transaction on Tuesday, September 15th. The shares were sold at an average price of $772.14, for a total transaction of $75,584,012.46. Following the completion of the sale, the chief executive officer owned 378,108 shares in the company, valued at approximately $291,952,311.12. This represents a 20.57% decrease in their ownership of the stock. 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. Over the last ninety days, insiders sold 439,747 shares of company stock valued at $349,271,735. Insiders own 0.51% of the company's stock.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Cantor Fitzgerald decreased their price objective on shares of Seagate Technology from $1,300.00 to $1,000.00 and set an "overweight" rating on the stock in a research report on Monday, October 26th. JPMorgan Chase & Co. upped 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. UBS Group reiterated a "buy" rating on shares of Seagate Technology in a research note on Monday, November 2nd. Zacks Research cut Seagate Technology from a "strong-buy" rating to a "hold" rating in a report on Monday, September 28th. Finally, Wells Fargo & Company decreased their price target on Seagate Technology from $865.00 to $820.00 and set an "overweight" rating on the stock in a report on Wednesday, October 28th. Twenty-three investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. According to MarketBeat.com, Seagate Technology has an average rating of "Moderate Buy" and an average target price of $1,000.88.

Seagate Technology Trading Down 1.2%

STX stock opened at $545.14 on Friday. Seagate Technology Holdings PLC has a 1-year low of $228.61 and a 1-year high of $1,145.00. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.82 and a quick ratio of 1.25. The company has a market capitalization of $125.14 billion, a price-to-earnings ratio of 28.63 and a beta of 2.16. The business has a 50 day simple moving average of $746.01 and a two-hundred day simple moving average of $697.37.

Seagate Technology (NASDAQ:STX - Get Free Report) last released its quarterly earnings data on Tuesday, October 27th. The data storage provider reported $7.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.44 by $0.24. The firm had revenue of $4.23 billion for the quarter, compared to analysts' expectations of $4.15 billion. Seagate Technology had a net margin of 31.86% and a return on equity of 252.47%. The company's revenue for the quarter was up 61.0% compared to the same quarter last year. During the same quarter last year, the business posted $2.61 earnings per share. Research analysts anticipate that Seagate Technology Holdings PLC will post 37.96 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 paid a dividend of $0.76 per share. The ex-dividend date of this dividend is Wednesday, December 23rd. This is a positive change from Seagate Technology's previous quarterly dividend of $0.74. This represents a $3.04 annualized dividend and a yield of 0.6%. Seagate Technology's dividend payout ratio is 15.55%.

Seagate Technology Profile

Seagate Technology develops and supplies data-storage products and solutions for businesses and consumers. Its portfolio includes hard disk drives (HDDs), solid-state drives, and storage systems designed for applications ranging from personal computing to large-scale data centers. The company's products support cloud and enterprise storage, network-attached storage, video surveillance, gaming, and other uses that require digital data to be stored and accessed. Seagate also offers data-management and storage services through its Lyve platform.

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