Seagate Technology Holdings PLC (NASDAQ:STX) Short Interest Update

Key Points

• Short interest fell 19.4% to 9,846,971 shares as of Feb. 27, leaving a short-interest ratio of 3.5 days and roughly 4.6% of the float shorted.
• Quarterly results beat expectations — Seagate reported $3.11 EPS vs $2.77 expected and $2.83B revenue (up 21.5% YoY) and set Q3 2026 guidance of $3.200–$3.600 EPS, with analysts forecasting about 6.83 EPS for the year.
• The company declared a $0.74 quarterly dividend (annualized $2.96, ~0.8% yield; ex-dividend Mar. 25), while insiders have recently sold material stakes (89,051 shares sold in the past 90 days; insiders own 0.79% of shares).

Seagate Technology Holdings PLC (NASDAQ:STX - Get Free Report) was the target of a significant drop in short interest in the month of February. As of February 27th, there was short interest totaling 9,846,971 shares, a drop of 19.4% from the February 12th total of 12,210,944 shares. Based on an average daily trading volume, of 2,800,521 shares, the short-interest ratio is currently 3.5 days. Currently, 4.6% of the company's shares are short sold. Currently, 4.6% of the company's shares are short sold. Based on an average daily trading volume, of 2,800,521 shares, the short-interest ratio is currently 3.5 days.

Seagate Technology Stock Up 2.6%

Seagate Technology stock opened at $383.71 on Friday. The company has a current ratio of 1.12, a quick ratio of 0.72 and a debt-to-equity ratio of 7.63. Seagate Technology has a twelve month low of $63.19 and a twelve month high of $459.84. The stock has a market capitalization of $83.68 billion, a price-to-earnings ratio of 43.41, a PEG ratio of 0.85 and a beta of 1.61. The stock has a 50 day moving average of $378.24 and a two-hundred day moving average of $291.33.

Seagate Technology (NASDAQ:STX - Get Free Report) last released 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 negative return on equity of 936.38% and a net margin of 19.59%.The firm had revenue of $2.83 billion during the quarter, compared to analysts' expectations of $2.73 billion. During the same quarter in the prior year, the business posted $2.03 earnings per share. Seagate Technology's revenue 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. As a group, research analysts expect that Seagate Technology will post 6.83 earnings per share for the current year.

Seagate Technology Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 8th. Stockholders of record on Wednesday, March 25th will be given a $0.74 dividend. The ex-dividend date is Wednesday, March 25th. This represents a $2.96 annualized dividend and a dividend yield of 0.8%. Seagate Technology's dividend payout ratio is currently 33.48%.

Insider Buying and Selling at Seagate Technology

In related news, Director Jay L. Geldmacher sold 925 shares of the firm's 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 transaction, the director directly owned 223 shares in the company, valued at $99,908.46. This trade represents a 80.57% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Ban Seng Teh sold 20,195 shares of the stock in a transaction dated Thursday, January 29th. The stock was sold at an average price of $442.29, for a total transaction of $8,932,046.55. Following the sale, the executive vice president directly owned 3,092 shares in the company, valued at $1,367,560.68. This represents a 86.72% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 89,051 shares of company stock valued at $34,430,409. Corporate insiders own 0.79% of the company's stock.

Institutional Investors Weigh In On Seagate Technology

A number of large investors have recently bought and sold shares of the stock. WCM Investment Management LLC acquired a new stake in shares of Seagate Technology during the third quarter valued at $1,187,621,000. Arrowstreet Capital Limited Partnership boosted its stake in shares of Seagate Technology by 1,072.5% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 2,949,512 shares of the data storage provider's stock worth $696,262,000 after purchasing an additional 2,697,957 shares during the last quarter. Massachusetts Financial Services Co. MA grew its holdings in shares of Seagate Technology by 1,510.1% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 2,008,516 shares of the data storage provider's stock worth $553,125,000 after buying an additional 1,883,769 shares in the last quarter. Norges Bank acquired a new position in shares of Seagate Technology in the fourth quarter valued at approximately $498,363,000. Finally, Soroban Capital Partners LP lifted its stake in shares of Seagate Technology by 1,468.1% during the second quarter. Soroban Capital Partners LP now owns 1,417,600 shares of the data storage provider's stock valued at $204,602,000 after buying an additional 1,327,197 shares during the period. Institutional investors and hedge funds own 92.87% of the company's stock.

Analyst Ratings Changes

STX has been the topic of several recent research reports. KeyCorp set a $500.00 price target on Seagate Technology in a report on Wednesday, January 28th. Wells Fargo & Company upped their target price on shares of Seagate Technology from $360.00 to $450.00 and gave the stock an "equal weight" rating in a research note on Wednesday, January 28th. Wedbush raised their target price on shares of Seagate Technology from $290.00 to $380.00 and gave the company an "outperform" rating in a report on Friday, January 23rd. UBS Group boosted their price target on shares of Seagate Technology from $385.00 to $440.00 and gave the stock a "neutral" rating in a report on Monday, February 9th. Finally, Zacks Research raised shares of Seagate Technology from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, February 17th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, Seagate Technology currently has an average rating of "Moderate Buy" and a consensus price target of $447.35.

Seagate Technology Company 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.

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