Keybank National Association OH Lowers Stake in Seagate Technology Holdings PLC $STX

Keybank National Association OH lessened its position in Seagate Technology Holdings PLC (NASDAQ:STX) by 5.2% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 48,336 shares of the data storage provider’s stock after selling 2,633 shares during the period. Keybank National Association OH’s holdings in Seagate Technology were worth $13,311,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Rakuten Securities Inc. boosted 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 worth $27,000 after buying an additional 168 shares during the last quarter. Salomon & Ludwin LLC grew its stake in shares of Seagate Technology by 124.4% during the 4th quarter. Salomon & Ludwin LLC now owns 92 shares of the data storage provider’s stock valued at $27,000 after buying an additional 51 shares during the period. Armstrong Advisory Group Inc. purchased a new position in shares of Seagate Technology in the 4th quarter worth $28,000. Avion Wealth boosted its holdings in Seagate Technology by 343.5% in the fourth quarter. Avion Wealth now owns 102 shares of the data storage provider’s stock valued at $28,000 after acquiring an additional 79 shares during the last quarter. Finally, Concord Wealth Partners purchased a new stake in Seagate Technology during the fourth quarter valued at about $28,000. Institutional investors and hedge funds own 92.87% of the company’s stock.

Seagate Technology Stock Performance

Seagate Technology stock opened at $643.30 on Thursday. The firm has a market capitalization of $140.29 billion, a PE ratio of 72.77, a price-to-earnings-growth ratio of 0.99 and a beta of 1.61. Seagate Technology Holdings PLC has a one year low of $85.47 and a one year high of $697.00. The stock’s 50 day moving average price is $448.93 and its 200 day moving average price is $353.84. 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) last released its quarterly earnings results on Tuesday, April 28th. The data storage provider reported $4.10 earnings per share for the quarter, topping analysts’ consensus estimates of $3.47 by $0.63. The business had revenue of $3.11 billion during the quarter, compared to the consensus estimate of $2.94 billion. Seagate Technology had a net margin of 19.59% and a negative return on equity of 936.38%. The business’s quarterly revenue was up 44.1% compared to the same quarter last year. During the same quarter last year, the company earned $1.90 earnings per share. Seagate Technology has set its Q4 2026 guidance at 4.800-5.200 EPS. As a group, sell-side analysts expect that Seagate Technology Holdings PLC will post 12.13 EPS for the current fiscal year.

Seagate Technology Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 7th. Stockholders of record on Wednesday, June 24th will be paid 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 is Wednesday, June 24th. Seagate Technology’s dividend payout ratio is 33.48%.

Insider Activity

In other news, Director Jay L. Geldmacher sold 925 shares of the company’s stock in a transaction dated Friday, January 30th. The shares were sold at an average price of $448.02, for a total value of $414,418.50. Following the sale, the director owned 223 shares in the company, valued at approximately $99,908.46. This represents a 80.57% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Kian Fatt Chong sold 5,846 shares of the company’s stock in a transaction dated Monday, February 23rd. The shares were sold at an average price of $416.48, for a total transaction of $2,434,742.08. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 91,355 shares of company stock worth $37,544,394. 0.79% of the stock is currently owned by corporate insiders.

Key Stories Impacting Seagate Technology

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

• Positive Sentiment: Quarterly beat, strong cash generation and aggressive guidance — Seagate beat EPS and revenue estimates, generated near $1B FCF and raised Q4 EPS and revenue guidance well above consensus, which is the primary catalyst for the rally. BusinessWire: Q3 Results
• Positive Sentiment: Market interpretation: AI demand story — Reuters and other outlets highlight Seagate’s commentary that hyperscaler and AI workloads are sustaining strong demand for mass‑capacity storage, reinforcing the re‑rating. Reuters: Upbeat forecast fuels confidence
• Positive Sentiment: Wall Street price‑target upgrades — Dozens of firms raised targets and ratings (examples: JPMorgan, Barclays, Morgan Stanley, BofA, Cantor/Rosenblatt), with some very bullish calls (Rosenblatt to $1,000) that add momentum and buy‑side conviction. 247WallSt: Rosenblatt $1,000 target
• Positive Sentiment: Peer/sector lift — Coverage notes the strong momentum across memory/storage names as AI spending accelerates, which helps multiple stocks including Seagate. Investopedia: Memory stocks rally
• Neutral Sentiment: Valuation questions — Several writeups ask whether current prices already price in peak AI demand and future earnings, urging investors to examine how much upside vs. risk remains. Yahoo Finance: Is it too late?
• Neutral Sentiment: Dividend and capital allocation — Company announced a $0.74 quarterly dividend and emphasized FCF; dividend yield is small but supports shareholder returns. (Company release and call materials provide details.) Q3 Slide Deck
• Negative Sentiment: Cyclical risk: capex peak concerns — Some analysts warn hyperscaler capex could peak by FY26/FY27 and that buying into a stretched cycle risks downside if demand slows. Seeking Alpha: Capex cycle risk
• Negative Sentiment: Valuation stretch — With the stock re‑rated, multiples now reflect elevated, potentially peak earnings (analysts note high forward P/Es), increasing sensitivity to any guidance miss or macro slowdown. Yahoo: Valuation look

Analyst Ratings Changes

Several brokerages have commented on STX. The Goldman Sachs Group upped their price target on Seagate Technology from $385.00 to $700.00 and gave the stock a “buy” rating in a research note on Wednesday. Sanford C. Bernstein increased their target price on shares of Seagate Technology from $500.00 to $620.00 and gave the stock an “outperform” rating in a research report on Thursday, April 9th. Wedbush raised their price target on shares of Seagate Technology from $700.00 to $825.00 and gave the company an “outperform” rating in a report on Monday. Robert W. Baird lifted their price target on shares of Seagate Technology from $270.00 to $505.00 and gave the company an “outperform” rating in a research report on Thursday, January 29th. Finally, Cantor Fitzgerald boosted their price objective on shares of Seagate Technology from $700.00 to $1,000.00 and gave the stock an “overweight” rating in a research note on Wednesday. Twenty analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $680.79.

About Seagate Technology

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.