Seagate Technology Holdings PLC $STX Shares Sold by Green Alpha Advisors LLC

Green Alpha Advisors LLC reduced its stake in Seagate Technology Holdings PLC (NASDAQ:STX) by 17.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 4,696 shares of the data storage provider’s stock after selling 981 shares during the quarter. Seagate Technology accounts for 2.9% of Green Alpha Advisors LLC’s investment portfolio, making the stock its 7th biggest holding. Green Alpha Advisors LLC’s holdings in Seagate Technology were worth $4,331,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Wellington Management Group LLP raised its position in Seagate Technology by 2,655.9% during the 2nd quarter. Wellington Management Group LLP now owns 2,414,136 shares of the data storage provider’s stock worth $2,329,641,000 after buying an additional 2,326,538 shares during the last quarter. Janus Henderson Group PLC increased its stake in shares of Seagate Technology by 3,872.1% during the first quarter. Janus Henderson Group PLC now owns 967,528 shares of the data storage provider’s stock worth $378,985,000 after acquiring an additional 943,170 shares during the period. Deutsche Bank AG raised its holdings in Seagate Technology by 102.0% during the fourth quarter. Deutsche Bank AG now owns 1,599,962 shares of the data storage provider’s stock worth $440,614,000 after purchasing an additional 807,962 shares in the last quarter. Amanah Holdings Trust acquired a new stake in Seagate Technology in the fourth quarter valued at about $79,801,000. Finally, Swedbank AB lifted its position in Seagate Technology by 67.6% in the first quarter. Swedbank AB now owns 709,160 shares of the data storage provider’s stock valued at $277,821,000 after purchasing an additional 285,949 shares during the period. Hedge funds and other institutional investors own 92.87% of the company’s stock.

Key Seagate Technology News

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

• Positive Sentiment: AI workloads continue to generate substantial demand for cost-efficient, high-capacity storage, supporting the long-term outlook for Seagate’s enterprise HDD business. Analysts are also comparing Seagate favorably with Western Digital as investors assess which storage stock has more upside. Seagate vs. Western Digital: Which HDD Stock Has More Room to Run?
• Positive Sentiment: Seagate recently delivered stronger-than-expected results, with quarterly revenue rising sharply year over year and earnings exceeding analysts’ estimates. Its next-quarter guidance also points to continued profitability, although investors are now focused on whether supply changes could affect that trajectory.
• Positive Sentiment: The company paid a dividend to shareholders, reinforcing its income appeal and highlighting the potential for shareholder returns alongside its growth exposure. HP, Merck, and Seagate Just Paid Their Shareholders

Seagate Technology Price Performance

Shares of Seagate Technology stock traded down $32.74 on Thursday, hitting $774.83. The company’s stock had a trading volume of 5,064,411 shares, compared to its average volume of 4,378,703. The company has a market capitalization of $176.19 billion, a P/E ratio of 55.82 and a beta of 2.06. Seagate Technology Holdings PLC has a 52-week low of $209.00 and a 52-week high of $1,145.00. The firm has a fifty day moving average price of $858.09 and a 200-day moving average price of $788.17. The company has a quick ratio of 1.17, a current ratio of 1.67 and a debt-to-equity ratio of 1.56.

Seagate Technology (NASDAQ:STX) last posted its earnings results on Tuesday, July 28th. The data storage provider reported $5.71 earnings per share for the quarter, beating the consensus estimate of $5.10 by $0.61. Seagate Technology had a net margin of 26.11% and a return on equity of 369.98%. The firm had revenue of $3.63 billion during the quarter, compared to the consensus estimate of $3.50 billion. During the same period last year, the firm posted $2.59 EPS. The firm’s revenue for the quarter was up 48.5% on a year-over-year basis. Seagate Technology has set its Q1 2027 guidance at 7.100-7.500 EPS. On average, equities research analysts expect that Seagate Technology Holdings PLC will post 35.7 earnings per share for the current fiscal year.

Seagate Technology Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 7th. Investors of record on Thursday, September 24th were given a dividend of $0.74 per share. This represents a $2.96 annualized dividend and a dividend yield of 0.4%. The ex-dividend date was Thursday, September 24th. Seagate Technology’s payout ratio is currently 21.33%.

Analyst Ratings Changes

STX has been the topic of several recent analyst reports. Argus boosted their target price on Seagate Technology from $750.00 to $900.00 and gave the stock a “buy” rating in a research report on Thursday, July 30th. Weiss Ratings lowered Seagate Technology from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, October 2nd. Rosenblatt Securities increased their price objective on Seagate Technology from $1,300.00 to $1,400.00 and gave the stock a “buy” rating in a research report on Wednesday, July 29th. Citigroup boosted their target price on shares of Seagate Technology from $1,240.00 to $1,300.00 and gave the stock a “buy” rating in a research report on Wednesday, July 29th. Finally, China Renaissance increased their price target on shares of Seagate Technology from $802.00 to $983.00 in a report on Friday, June 12th. Twenty-two equities research 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 company presently has a consensus rating of “Moderate Buy” and a consensus price target of $986.00.

Insider Buying and Selling

In related news, EVP John Morris sold 9,354 shares of the stock in a transaction on Monday, September 21st. The stock was sold at an average price of $877.91, for a total transaction of $8,211,970.14. Following the sale, the executive vice president owned 22,693 shares of the company’s stock, valued at $19,922,411.63. This trade represents a 29.19% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO William Mosley sold 11,002 shares of Seagate Technology stock in a transaction dated Thursday, October 1st. The stock was sold at an average price of $935.60, for a total value of $10,293,471.20. Following the sale, the chief executive officer owned 362,108 shares of the company’s stock, valued at approximately $338,788,244.80. This represents a 2.95% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 466,959 shares of company stock worth $378,840,741 in the last quarter. Corporate insiders own 0.51% of the company’s stock.

Seagate Technology Company Profile

Seagate Technology Holdings plc is a data storage technology company that designs, manufactures and supplies solutions for storing, managing and accessing digital information. Its product portfolio is centered on hard disk drives (HDDs), including high-capacity drives used in cloud data centers, enterprise environments, surveillance systems, network-attached storage and personal computing.

The company also offers solid-state drives (SSDs), storage systems, external storage products and related services.