Seagate Technology Holdings PLC $STX Stock Purchased by Saxony Capital Management LLC

Key Points

• Saxony Capital Management increased its Seagate stake by 338.3% in the third quarter, bringing its holdings to 1,955 shares valued at approximately $1.8 million. Institutional investors collectively own 92.87% of the company.
• Seagate reported quarterly EPS of $5.71, exceeding estimates of $5.10, while revenue rose 48.5% year over year to $3.63 billion. The company also declared a quarterly dividend of $0.74 per share, representing a 0.4% annualized yield.
• Despite generally positive analyst sentiment—with a consensus “Moderate Buy” rating and a $986 price target—insiders sold 466,959 shares worth about $378.8 million over the past 90 days, including substantial sales by the CEO and an executive vice president.

Saxony Capital Management LLC grew its holdings in Seagate Technology Holdings PLC (NASDAQ:STX - Free Report) by 338.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,955 shares of the data storage provider's stock after acquiring an additional 1,509 shares during the quarter. Saxony Capital Management LLC's holdings in Seagate Technology were worth $1,803,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the business. Retirement Wealth Solutions LLC lifted its holdings in shares of Seagate Technology by 70.6% during the 2nd quarter. Retirement Wealth Solutions LLC now owns 29 shares of the data storage provider's stock valued at $28,000 after purchasing an additional 12 shares in the last quarter. Jones Financial Companies Lllp acquired a new position in shares of Seagate Technology in the 2nd quarter valued at approximately $39,000. Trust Co. of Vermont acquired a new position in shares of Seagate Technology in the 2nd quarter valued at approximately $54,000. Triumph Capital Management grew its position in shares of Seagate Technology by 93.5% in the 2nd quarter. Triumph Capital Management now owns 60 shares of the data storage provider's stock valued at $58,000 after purchasing an additional 29 shares during the period. Finally, Cornerstone Financial Management LLC increased its stake in Seagate Technology by 109.7% during the 2nd quarter. Cornerstone Financial Management LLC now owns 65 shares of the data storage provider's stock worth $63,000 after purchasing an additional 34 shares in the last quarter. Institutional investors and hedge funds own 92.87% of the company's stock.

Seagate Technology Stock Down 3.2%

STX stock opened at $690.81 on Friday. The company has a debt-to-equity ratio of 1.56, a current ratio of 1.67 and a quick ratio of 1.17. The stock has a market capitalization of $157.08 billion, a P/E ratio of 49.77 and a beta of 2.06. The business has a 50-day moving average of $845.85 and a 200-day moving average of $802.60. Seagate Technology Holdings PLC has a fifty-two week low of $209.00 and a fifty-two week high of $1,145.00.

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 (EPS) for the quarter, topping analysts' consensus estimates of $5.10 by $0.61. Seagate Technology had a return on equity of 369.98% and a net margin of 26.11%. The business had revenue of $3.63 billion during the quarter, compared to the consensus estimate of $3.50 billion. During the same period last year, the company earned $2.59 earnings per share. Seagate Technology's quarterly revenue was up 48.5% on a year-over-year basis. Seagate Technology has set its Q1 2027 guidance at 7.100-7.500 EPS. On average, sell-side analysts anticipate that Seagate Technology Holdings PLC will post 35.70 earnings per share for the current fiscal year.

Seagate Technology Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 7th. Shareholders of record on Thursday, September 24th were given 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 yield of 0.4%. Seagate Technology's dividend payout ratio is 21.33%.

Insider Transactions at Seagate Technology

In other news, CEO William D. Mosley sold 97,889 shares of the firm's stock in a transaction that occurred 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 transaction, the chief executive officer directly owned 378,108 shares of the company's stock, valued at $291,952,311.12. This trade represents a 20.57% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 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 Seagate Technology stock in a transaction that occurred on Tuesday, September 15th. The shares were sold at an average price of $782.08, for a total transaction 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 trade 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. In the last 90 days, insiders sold 466,959 shares of company stock worth $378,840,741. Insiders own 0.51% of the company's stock.

Key Stories Impacting 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

Analysts Set New Price Targets

Several analysts have commented on STX shares. TD Cowen raised their target price on shares of Seagate Technology from $850.00 to $1,000.00 and gave the stock a "buy" rating in a report on Wednesday, July 29th. Zacks Research lowered shares of Seagate Technology from a "strong-buy" rating to a "hold" rating in a research note on Monday, September 28th. Wells Fargo & Company lifted their price target on shares of Seagate Technology from $1,100.00 to $1,180.00 and gave the company an "overweight" rating in a research note on Wednesday, July 29th. Morgan Stanley upped 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 report on Wednesday, July 29th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Seagate Technology from $1,095.00 to $1,240.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 29th. Twenty-two analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $986.00.

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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