Windward Capital Management Co. CA Sells 3,637 Shares of Seagate Technology Holdings PLC $STX

Key Points

• Windward Capital reduced its Seagate stake by 6.5% in Q4, selling 3,637 shares and leaving it with 52,255 shares worth $14.39 million (1.1% of the fund; its 27th-largest holding).
• Insiders have been net sellers: EVP Ban Seng Teh sold 20,195 shares for about $8.93 million, and insiders disposed of 112,223 shares valued at $46.7 million over the past three months, leaving insiders with roughly 0.79% ownership.
• Analysts are increasingly bullish—several firms raised targets (e.g., Cantor Fitzgerald to $650, Bernstein to $620) and the consensus is a Moderate Buy with a $518.29 target, as shares trade near 52‑week highs following an earnings beat and raised guidance.

Windward Capital Management Co. CA lowered its position in shares of Seagate Technology Holdings PLC (NASDAQ:STX - Free Report) by 6.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 52,255 shares of the data storage provider's stock after selling 3,637 shares during the quarter. Seagate Technology accounts for 1.1% of Windward Capital Management Co. CA's holdings, making the stock its 27th biggest position. Windward Capital Management Co. CA's holdings in Seagate Technology were worth $14,390,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Salomon & Ludwin LLC boosted its holdings in Seagate Technology by 124.4% during the fourth quarter. Salomon & Ludwin LLC now owns 92 shares of the data storage provider's stock worth $27,000 after purchasing an additional 51 shares during the last quarter. Rakuten Securities Inc. increased its stake in Seagate Technology by 884.2% in the 2nd quarter. Rakuten Securities Inc. now owns 187 shares of the data storage provider's stock valued at $27,000 after buying an additional 168 shares during the last quarter. Armstrong Advisory Group Inc. bought a new stake in Seagate Technology during the 4th quarter worth about $28,000. Avion Wealth boosted its stake in shares of Seagate Technology by 343.5% during the 4th quarter. Avion Wealth now owns 102 shares of the data storage provider's stock worth $28,000 after buying an additional 79 shares during the last quarter. Finally, First Horizon Corp acquired a new position in shares of Seagate Technology during the 3rd quarter worth about $33,000. 92.87% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, EVP Ban Seng Teh sold 20,195 shares of the firm's stock in a transaction dated Thursday, January 29th. The shares were sold at an average price of $442.29, for a total transaction of $8,932,046.55. Following the transaction, the executive vice president directly owned 3,092 shares of the company's stock, valued at approximately $1,367,560.68. This trade represents a 86.72% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jay L. Geldmacher sold 925 shares of Seagate Technology stock in a transaction dated Friday, January 30th. The stock was sold at an average price of $448.02, for a total transaction of $414,418.50. Following the completion of the sale, the director owned 223 shares of the company's stock, valued at $99,908.46. This trade represents a 80.57% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 112,223 shares of company stock valued at $46,711,217 in the last three months. Insiders own 0.79% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Cantor Fitzgerald lifted their target price on Seagate Technology from $500.00 to $650.00 and gave the company an "overweight" rating in a research report on Wednesday, February 4th. Sanford C. Bernstein increased their price target on Seagate Technology from $500.00 to $620.00 and gave the company an "outperform" rating in a research report on Thursday, April 9th. Bank of America raised their price target on Seagate Technology from $450.00 to $605.00 and gave the company a "buy" rating in a research note on Monday. Robert W. Baird upped their price objective on Seagate Technology from $270.00 to $505.00 and gave the stock an "outperform" rating in a research note on Thursday, January 29th. Finally, Rosenblatt Securities boosted their target price on shares of Seagate Technology from $370.00 to $500.00 and gave the stock a "buy" rating in a report on Wednesday, January 28th. Twenty analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $518.29.

Seagate Technology Stock Performance

Shares of STX stock opened at $587.62 on Friday. Seagate Technology Holdings PLC has a 52 week low of $79.14 and a 52 week high of $607.89. The company has a market capitalization of $128.14 billion, a price-to-earnings ratio of 66.47, a PEG ratio of 0.96 and a beta of 1.61. The company has a 50-day simple moving average of $434.69 and a 200 day simple moving average of $342.52. The company has a debt-to-equity ratio of 7.63, a quick ratio of 0.72 and a current ratio of 1.12.

Seagate Technology (NASDAQ:STX - Get Free Report) last issued its quarterly earnings data on Tuesday, January 27th. The data storage provider reported $3.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.77 by $0.34. Seagate Technology had a net margin of 19.59% and a negative return on equity of 936.38%. The firm had revenue of $2.83 billion during the quarter, compared to the consensus estimate of $2.73 billion. During the same period last year, the business posted $2.03 earnings per share. The business's revenue for the quarter was up 21.5% compared to the same quarter last year. Seagate Technology has set its Q3 2026 guidance at 3.200-3.600 EPS. On average, sell-side analysts predict that Seagate Technology Holdings PLC will post 12.13 earnings per share for the current year.

Seagate Technology Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 8th. Stockholders of record on Wednesday, March 25th were given a $0.74 dividend. This represents a $2.96 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend was Wednesday, March 25th. Seagate Technology's payout ratio is presently 33.48%.

Key Seagate Technology News

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

• Positive Sentiment: Barclays upgraded STX to Overweight and raised its price target to $625 (from $425), citing more runway for AI‑driven HDD demand — this is the main catalyst lifting sentiment. Seagate Technology NASDAQ: STX Raised to Overweight at Barclays
• Positive Sentiment: Additional analyst upgrades and positive notes (including UBS and other outlets) are increasing buy‑side conviction and short‑term demand. Seagate Technology NASDAQ: STX Stock Price Up 3.6% on Analyst Upgrade
• Positive Sentiment: Seagate unveiled new consumer/prosumer high‑capacity drives positioned for AI‑driven creative workflows, gaming and the consumer data explosion — supports revenue/growth thesis tied to AI storage demand. Seagate Introduces Storage Built for Consumer Data Explosion
• Neutral Sentiment: Defiance launched STXL, a 2x leveraged single‑stock ETF tracking STX — this can amplify trading flows and volatility in STX shares but does not change fundamentals. Defiance Launches STXL: 2X Leveraged ETF on Seagate Technology Holdings plc
• Neutral Sentiment: Broader media coverage (features, listicles and TV mentions) is amplifying retail/institutional attention; helpful for momentum but mixed on timing/valuation implications. 1 Mooning Stock with Exciting Potential and 2 We Turn Down

Seagate Technology Profile

Seagate Technology NASDAQ: STX is a global data storage company that designs, manufactures and sells a broad range of storage products and systems. The firm's product portfolio includes traditional hard disk drives (HDDs), solid-state drives (SSDs), hybrid storage devices and integrated storage systems aimed at enterprise, cloud, OEM and consumer markets. Seagate also provides services that support its hardware offerings, including data recovery and storage management solutions.

Seagate's products are used in a wide array of applications, from large-scale data centers and cloud infrastructure to desktop and portable consumer devices.

Want to see what other hedge funds are holding STX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Seagate Technology Holdings PLC (NASDAQ:STX - Free Report).

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.