Seagate Technology Holdings PLC $STX Stock: Community Financial Services Group LLC Raises Position

Key Points

• Institutional ownership increased sharply: Community Financial Services Group raised its Seagate position by 11,515.7% to 5,924 shares, while institutional investors collectively own 92.87% of the stock.
• Analysts remain broadly bullish: Twenty-two analysts rate Seagate a Buy and five rate it a Hold, producing a “Moderate Buy” consensus and an average price target of $986.
• Strong results were tempered by insider selling: Seagate exceeded quarterly earnings and revenue expectations, with revenue up 48.5% year over year, but executives sold shares primarily to cover tax obligations tied to equity awards.

Community Financial Services Group LLC increased its stake in shares of Seagate Technology Holdings PLC (NASDAQ:STX - Free Report) by 11,515.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,924 shares of the data storage provider's stock after acquiring an additional 5,873 shares during the period. Community Financial Services Group LLC's holdings in Seagate Technology were worth $5,602,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the stock. Wellington Management Group LLP boosted its position in Seagate Technology by 2,655.9% in the 2nd quarter. Wellington Management Group LLP now owns 2,414,136 shares of the data storage provider's stock worth $2,329,641,000 after purchasing an additional 2,326,538 shares in the last quarter. Janus Henderson Group PLC grew its stake in shares of Seagate Technology by 3,872.1% during the 1st quarter. Janus Henderson Group PLC now owns 967,528 shares of the data storage provider's stock worth $378,985,000 after purchasing an additional 943,170 shares during the period. Amanah Holdings Trust purchased a new position in shares of Seagate Technology during the 4th quarter valued at approximately $79,801,000. Swedbank AB increased its holdings in shares of Seagate Technology by 67.6% during the 1st quarter. Swedbank AB now owns 709,160 shares of the data storage provider's stock valued at $277,821,000 after purchasing an additional 285,949 shares in the last quarter. Finally, Amundi increased its holdings in shares of Seagate Technology by 32.2% during the 1st quarter. Amundi now owns 965,565 shares of the data storage provider's stock valued at $378,267,000 after purchasing an additional 235,359 shares in the last quarter. 92.87% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. Argus boosted their target price on shares of Seagate Technology from $750.00 to $900.00 and gave the company a "buy" rating in a research note on Thursday, July 30th. Morgan Stanley raised their price target on shares of Seagate Technology from $1,035.00 to $1,187.00 and gave the company an "overweight" rating in a research report on Wednesday, July 29th. Wells Fargo & Company lifted their price objective on shares of Seagate Technology from $1,100.00 to $1,180.00 and gave the company an "overweight" rating in a report on Wednesday, July 29th. Melius Research started coverage on shares of Seagate Technology in a report on Monday, June 29th. They issued a "buy" rating and a $1,600.00 price objective for the company. Finally, Sanford C. Bernstein reiterated an "outperform" rating and issued a $1,350.00 price objective on shares of Seagate Technology in a research report on Wednesday, July 29th. Twenty-two research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $986.00.

Trending Headlines about Seagate Technology

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

• Positive Sentiment: Seagate’s 44TB Mozaic 4 hard drives could support further gross-margin expansion. Higher storage density, improving production efficiency and strong cloud-provider demand may increase profitability as data-center storage needs grow. Can Seagate's 44TB Mozaic 4 Drives Lift Gross Margins Further?
• Positive Sentiment: Analysts see a potentially long runway from surging data-storage demand tied to artificial intelligence and cloud computing. Seagate’s recent results, including strong sales growth, expanded operating margins and higher free cash flow, contrast with the sector’s recent share-price weakness. Seagate Could Have a Long Runway as Data Storage Demand Explodes
• Positive Sentiment: Seagate’s HAMR-based, high-capacity drives—including currently available 44TB products and a longer-term 100TB roadmap—could help data centers store more information with fewer drives and lower operating costs. This supports a cautious bullish view of the stock. Seagate's Improving Earnings Support a Cautious Upside
• Neutral Sentiment: Seagate-specific coverage is focused on valuation and supply-chain concerns rather than a new earnings announcement. Investors are weighing the company’s strong operating outlook against elevated valuation risk and volatility.
• Negative Sentiment: A continuing technology and AI-stock sell-off is pressuring memory and storage shares. Broader concerns about competition, including potential Chinese supply, and a rival’s recent move have weakened sentiment across the hard-drive sector. AI Trade Takes Another Hit Thursday as Tech Sell-Off Continues

Insider Activity at Seagate Technology

In related news, EVP John Morris sold 15,466 shares of the company's stock in a transaction dated Tuesday, September 15th. The shares were sold at an average price of $772.15, for a total transaction of $11,942,071.90. Following the completion of the transaction, the executive vice president owned 31,132 shares in the company, valued at $24,038,573.80. This represents a 33.19% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 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 the firm's stock in a transaction dated 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 transaction, the chief executive officer directly owned 378,108 shares in the company, valued at $291,952,311.12. This represents a 20.57% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 466,959 shares of company stock worth $378,840,741 in the last quarter. Company insiders own 0.51% of the company's stock.

Seagate Technology Price Performance

Seagate Technology stock opened at $690.81 on Friday. The company's fifty day moving average price is $845.85 and its 200 day moving average price is $802.60. Seagate Technology Holdings PLC has a 1 year low of $209.00 and a 1 year high of $1,145.00. The stock has a market capitalization of $157.08 billion, a P/E ratio of 48.18 and a beta of 2.06. The company has a debt-to-equity ratio of 1.56, a quick ratio of 1.17 and a current ratio of 1.67.

Seagate Technology (NASDAQ:STX - Get Free Report) last posted its quarterly earnings data on Tuesday, July 28th. The data storage provider reported $5.71 earnings per share for the quarter, topping analysts' consensus estimates of $5.10 by $0.61. The company had revenue of $3.63 billion during the quarter, compared to analysts' expectations of $3.50 billion. Seagate Technology had a net margin of 26.11% and a return on equity of 369.98%. The firm's revenue for the quarter was up 48.5% on a year-over-year basis. During the same period in the prior year, the business posted $2.59 earnings per share. Seagate Technology has set its Q1 2027 guidance at 7.100-7.500 EPS. As a group, equities research analysts anticipate that Seagate Technology Holdings PLC will post 35.70 earnings per share for the current fiscal year.

Seagate Technology Announces Dividend

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

Seagate Technology 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.

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.