Seagate Technology Holdings PLC $STX Stock: Robeco Institutional Asset Management B.V. Raises Position

Key Points

• Robeco Institutional Asset Management increased its Seagate position by 12.4% in the third quarter to 90,715 shares valued at approximately $83.7 million. Institutional investors collectively own 92.87% of the company.
• Analysts remain broadly bullish, with 22 Buy ratings and five Holds; the consensus price target is $975.92, while recent targets range from $875 to $1,600.
• Seagate recently exceeded earnings expectations, reporting $5.71 in EPS and $3.63 billion in revenue, up 48.5% year over year. However, the stock’s sharp gains have raised valuation and profit-taking concerns, alongside substantial insider selling to cover tax obligations.

Robeco Institutional Asset Management B.V. boosted its position in shares of Seagate Technology Holdings PLC (NASDAQ:STX - Free Report) by 12.4% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 90,715 shares of the data storage provider's stock after purchasing an additional 10,023 shares during the period. Robeco Institutional Asset Management B.V.'s holdings in Seagate Technology were worth $83,670,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. NewEdge Advisors LLC lifted its stake in Seagate Technology by 85.9% in 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 in the last quarter. UNICOM Systems Inc. grew its stake in Seagate Technology by 18.2% during the 2nd quarter. UNICOM Systems Inc. now owns 43,500 shares of the data storage provider's stock valued at $41,978,000 after acquiring an additional 6,700 shares in the last quarter. USA Financial Formulas purchased a new position in Seagate Technology during the 1st quarter valued at about $1,328,000. Financial Insights Inc. purchased a new position in Seagate Technology during the 2nd quarter valued at about $706,000. Finally, Silverleafe Capital Partners LLC acquired a new position in shares of Seagate Technology in the 3rd quarter valued at about $820,000. 92.87% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

STX has been the topic of a number of research reports. TD Cowen upped their target price on Seagate Technology from $850.00 to $1,000.00 and gave the company a "buy" rating in a report on Wednesday, July 29th. Bank of America raised their price target on shares of Seagate Technology from $1,150.00 to $1,200.00 and gave the stock a "buy" rating in a report on Wednesday. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $1,300.00 price objective on shares of Seagate Technology in a research report on Wednesday, July 29th. Susquehanna boosted their price objective on shares of Seagate Technology from $775.00 to $875.00 and gave the company a "neutral" rating in a research report on Wednesday, July 29th. Finally, Melius Research assumed coverage on shares of Seagate Technology in a research note on Monday, June 29th. They issued a "buy" rating and a $1,600.00 price objective on the stock. Twenty-two research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. According to data from MarketBeat, Seagate Technology currently has an average rating of "Moderate Buy" and a consensus price target of $975.92.

Key Seagate Technology News

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

• Positive Sentiment: Bank of America raised its price target to $1,200 from $1,150 and reiterated a Buy rating. The bank expects fiscal first-quarter 2027 revenue near the high end of management’s guidance and earnings above the company’s projected range, citing HDD demand that is exceeding Seagate’s long-term expectations. Seagate price target raised as Bank of America sees strong demand for hard drives
• Positive Sentiment: Morgan Stanley also maintained a bullish view and lifted its price target to $1,200 from $1,187. The firm expects strong quarterly results and better-than-expected guidance, making Seagate an aggressive-buy candidate after its recent weakness. Seagate, Western Digital stocks gain as this analyst sees 80% upside
• Positive Sentiment: Zacks upgraded Seagate to Rank #2, or Buy, reflecting improving expectations for earnings. The service also highlighted Seagate’s history of exceeding estimates and the current combination of factors that could support another earnings beat. Seagate upgraded to Buy
• Neutral Sentiment: Growth-focused commentary points to Seagate’s strong revenue and earnings attributes, while investors await the next quarterly report. The company’s latest reported quarter already exceeded expectations, with revenue up 48.5% year over year and earnings above consensus.
• Negative Sentiment: Valuation and profit-taking risks remain. Seagate has delivered a very large gain in 2026, prompting debate over whether investors should lock in profits or continue holding. Earlier share-price pressure also reflected concerns about AI-related financing and competition, although analysts currently expect these issues to be outweighed by demand and guidance strength. Micron and Seagate rally prompts profit-taking debate

Seagate Technology Price Performance

STX opened at $696.88 on Thursday. The stock has a market cap of $158.46 billion, a price-to-earnings ratio of 50.21 and a beta of 2.06. Seagate Technology Holdings PLC has a 1 year low of $209.00 and a 1 year high of $1,145.00. The company has a current ratio of 1.67, a quick ratio of 1.17 and a debt-to-equity ratio of 1.56. The stock has a fifty day moving average price of $833.04 and a 200 day moving average price of $810.11.

Seagate Technology (NASDAQ:STX - Get Free Report) last issued its earnings results on Tuesday, July 28th. The data storage provider reported $5.71 EPS for the quarter, beating 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 firm had revenue of $3.63 billion for the quarter, compared to the consensus estimate of $3.50 billion. During the same quarter in the previous year, the company posted $2.59 earnings per share. The business's quarterly revenue was up 48.5% compared to the same quarter last year. Seagate Technology has set its Q1 2027 guidance at 7.100-7.500 EPS. Analysts forecast that Seagate Technology Holdings PLC will post 35.75 EPS for the current fiscal year.

Seagate Technology Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 7th. Investors of record on Thursday, September 24th were issued a $0.74 dividend. The ex-dividend date 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 currently 21.33%.

Insider Transactions at Seagate Technology

In related news, CFO Gianluca Romano sold 49,984 shares of the firm's stock in a transaction that occurred on Tuesday, September 15th. The shares were sold at an average price of $772.16, for a total transaction of $38,595,645.44. Following the transaction, the chief financial officer owned 70,756 shares of the company's stock, valued at approximately $54,634,952.96. This trade represents a 41.40% decrease in their ownership of the stock. 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, CEO William D. Mosley sold 97,889 shares of Seagate Technology 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 sale, the chief executive officer owned 378,108 shares of the company's stock, valued at $291,952,311.12. This trade 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. Over the last three months, insiders have sold 466,959 shares of company stock worth $378,840,741. Corporate insiders own 0.51% of the company's stock.

Seagate Technology 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.

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