Sequoia Financial Advisors LLC Acquires 1,570 Shares of Seagate Technology Holdings PLC $STX

Sequoia Financial Advisors LLC raised its holdings in shares of Seagate Technology Holdings PLC (NASDAQ:STX) by 29.2% during the third quarter, according to its most recent filing with the SEC. The firm owned 6,939 shares of the data storage provider’s stock after purchasing an additional 1,570 shares during the period. Sequoia Financial Advisors LLC’s holdings in Seagate Technology were worth $1,638,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of STX. Norges Bank purchased a new position in Seagate Technology during the second quarter valued at approximately $197,027,000. Boston Partners purchased a new position in shares of Seagate Technology in the 2nd quarter valued at $193,500,000. Soroban Capital Partners LP raised its position in shares of Seagate Technology by 1,468.1% in the 2nd quarter. Soroban Capital Partners LP now owns 1,417,600 shares of the data storage provider’s stock worth $204,602,000 after acquiring an additional 1,327,197 shares in the last quarter. Maple Rock Capital Partners Inc. lifted its stake in shares of Seagate Technology by 85.3% during the 2nd quarter. Maple Rock Capital Partners Inc. now owns 1,131,752 shares of the data storage provider’s stock worth $163,346,000 after purchasing an additional 520,846 shares during the last quarter. Finally, State Street Corp boosted its position in Seagate Technology by 5.0% during the second quarter. State Street Corp now owns 9,001,365 shares of the data storage provider’s stock valued at $1,305,499,000 after purchasing an additional 432,455 shares in the last quarter. Hedge funds and other institutional investors own 92.87% of the company’s stock.

Seagate Technology Trading Up 5.6%

Shares of Seagate Technology stock opened at $344.22 on Thursday. The firm’s 50 day simple moving average is $285.72 and its two-hundred day simple moving average is $227.19. The firm has a market capitalization of $73.51 billion, a price-to-earnings ratio of 44.19, a PEG ratio of 1.28 and a beta of 1.60. Seagate Technology Holdings PLC has a 12-month low of $63.19 and a 12-month high of $349.55.

Seagate Technology Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 9th. Investors of record on Wednesday, December 24th were given a $0.74 dividend. This represents a $2.96 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend was Wednesday, December 24th. This is a positive change from Seagate Technology’s previous quarterly dividend of $0.72. Seagate Technology’s payout ratio is currently 38.00%.

Insider Activity at Seagate Technology

In other news, CFO Gianluca Romano sold 54,021 shares of the firm’s stock in a transaction dated Wednesday, November 12th. The stock was sold at an average price of $285.16, for a total value of $15,404,628.36. Following the completion of the transaction, the chief financial officer directly owned 56,293 shares in the company, valued at $16,052,511.88. This trade represents a 48.97% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Yolanda Lee Conyers sold 750 shares of Seagate Technology stock in a transaction dated Tuesday, December 2nd. The stock was sold at an average price of $272.91, for a total value of $204,682.50. Following the sale, the director directly owned 5,601 shares of the company’s stock, valued at $1,528,568.91. This trade represents a 11.81% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 132,557 shares of company stock worth $36,847,793 in the last quarter. 0.79% of the stock is owned by insiders.

Key Seagate Technology News

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

• Positive Sentiment: Bank of America reiterated a Buy on STX and raised its target to $400, citing stronger visibility into revenue and margin growth and forecasting a robust fiscal Q2 driven by data‑center demand. Bank of America note / Proactive
• Positive Sentiment: Citigroup raised its price target to $385 and maintained a Buy rating, signaling analyst conviction that Seagate will capture AI/data‑center storage spending. Citigroup raise / Benzinga
• Positive Sentiment: BNP Paribas Exane upgraded STX from Neutral to Outperform with a $380 target — another upward revision that helped lift market sentiment. BNP Paribas upgrade / Finviz
• Positive Sentiment: Sector narrative: analysts and market pieces are shifting attention from GPUs to storage as AI workloads increase demand for both hot‑tier SSDs and large‑capacity HDDs — a structural tailwind for Seagate’s enterprise/data‑center business. Yahoo: Seagate rises after upgrade
• Neutral Sentiment: Rosenblatt and UBS raised targets (Rosenblatt to $370 buy; UBS raised its PT to $335 but kept a Neutral rating), reflecting higher earnings/valuation expectations while showing some variation in conviction. Rosenblatt/UBS / Benzinga
• Neutral Sentiment: Recent writeups looked at Seagate’s valuation after the rounds of upgrades and AI storage commentary — useful context for investors reassessing multiples amid faster revenue/margin visibility. Yahoo Finance valuation piece
• Negative Sentiment: Not all coverage is uniformly bullish: Zacks trimmed its rating from Strong‑Buy to Hold, introducing a countervailing view on near‑term upside and reminding investors some analysts see less immediate upside. Zacks downgrade TickerReport

Analyst Ratings Changes

STX has been the subject of a number of recent research reports. Loop Capital boosted their target price on shares of Seagate Technology from $350.00 to $465.00 and gave the stock a “buy” rating in a report on Monday, November 10th. UBS Group boosted their price objective on shares of Seagate Technology from $230.00 to $335.00 and gave the stock a “neutral” rating in a research note on Tuesday. Susquehanna raised shares of Seagate Technology from a “negative” rating to a “neutral” rating and increased their target price for the company from $150.00 to $280.00 in a research report on Friday, January 16th. TD Cowen lifted their price target on shares of Seagate Technology from $270.00 to $340.00 and gave the stock a “buy” rating in a report on Tuesday, November 11th. Finally, Wedbush increased their price objective on Seagate Technology from $260.00 to $290.00 and gave the company an “outperform” rating in a report on Wednesday, October 29th. One research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $350.41.

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.