Seagate Technology Holdings PLC $STX Stock Acquired by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. lifted its stake in Seagate Technology Holdings PLC (NASDAQ:STX) by 10.2% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 13,566 shares of the data storage provider’s stock after buying an additional 1,257 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Seagate Technology were worth $12,512,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Center for Financial Planning Inc. lifted its holdings in Seagate Technology by 90.0% in the third quarter. Center for Financial Planning Inc. now owns 152 shares of the data storage provider’s stock valued at $140,000 after acquiring an additional 72 shares during the period. Insight Wealth Partners LLC boosted its position in Seagate Technology by 245.1% in the 3rd quarter. Insight Wealth Partners LLC now owns 1,094 shares of the data storage provider’s stock worth $1,009,000 after purchasing an additional 777 shares in the last quarter. VUB Generali dochodkova spravcovska spolocnost a.s. purchased a new stake in Seagate Technology in the 3rd quarter worth approximately $507,000. Leo Wealth LLC acquired a new stake in shares of Seagate Technology during the 3rd quarter worth approximately $598,000. Finally, Hilton Head Capital Partners LLC grew its stake in shares of Seagate Technology by 155.2% during the 3rd quarter. Hilton Head Capital Partners LLC now owns 74 shares of the data storage provider’s stock worth $68,000 after purchasing an additional 45 shares during the period. Hedge funds and other institutional investors own 92.87% of the company’s stock.

Analyst Ratings Changes

STX has been the subject of several recent research reports. TD Cowen lifted their target price on shares of Seagate Technology from $850.00 to $1,000.00 and gave the company a “buy” rating in a report on Wednesday, July 29th. Bank of America increased their price target on shares of Seagate Technology from $1,150.00 to $1,200.00 and gave the stock a “buy” rating in a report on Wednesday, October 21st. Zacks Research downgraded shares of Seagate Technology from a “strong-buy” rating to a “hold” rating in a report on Monday, September 28th. Susquehanna raised their price target on shares of Seagate Technology from $775.00 to $875.00 and gave the company a “neutral” rating in a research report on Wednesday, July 29th. Finally, Cantor Fitzgerald cut their price objective on shares of Seagate Technology from $1,300.00 to $1,000.00 and set an “overweight” rating for the company in a report on Monday. Twenty-two investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $951.92.

Key Seagate Technology News

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

• Positive Sentiment: Seagate reported fiscal Q1 2027 adjusted earnings of $7.68 per share, above the roughly $7.44–$7.45 consensus, while revenue reached $4.23 billion, topping estimates near $4.15 billion. Earnings more than doubled from the year-ago period, supported by stronger demand and pricing for high-capacity hard drives. Seagate Beats Q1 Earnings and Revenue Estimates
• Positive Sentiment: Management’s outlook was also stronger than expected, with next-quarter revenue guidance reportedly centered around $4.8 billion. The forecast reinforces expectations that artificial-intelligence infrastructure and cloud data-center expansion will continue driving storage demand. Seagate Results and Guidance Top Estimates
• Positive Sentiment: Seagate expanded interoperability for its HAMR and SMR technologies with Broadcom systems, with validation at Microsoft Azure. The milestone could improve adoption of the company’s Mozaic high-capacity drives among hyperscale and AI customers. Seagate Simplifies High-Capacity Storage Scaling
• Neutral Sentiment: Analysts remain broadly constructive: Seagate was highlighted as a momentum stock, while Cantor Fitzgerald retained an “overweight” rating even after cutting its price target to $1,000 from $1,300. The target reduction reflects valuation or near-term risk concerns despite the long-term growth outlook.
• Negative Sentiment: The post-earnings decline suggests the beat was not sufficient to exceed the market’s very high expectations following STX’s powerful run. Investors may also be locking in gains amid the stock’s recent volatility and sharp retreat from its 52-week high. Seagate Stock Falls as Earnings Are Not Enough
• Negative Sentiment: An executive recently sold approximately $351,000 of STX shares, reducing his direct holdings by about 35%. Although an individual insider sale is not necessarily fundamental, it adds a modest sentiment headwind. Seagate Executive Stock Sale

Seagate Technology Trading Up 3.7%

Shares of STX stock opened at $667.85 on Wednesday. Seagate Technology Holdings PLC has a 12-month low of $217.67 and a 12-month high of $1,145.00. The business’s 50 day moving average is $809.95 and its two-hundred day moving average is $682.75.

Seagate Technology (NASDAQ:STX) last posted its quarterly earnings data on Tuesday, October 27th. The data storage provider reported $7.68 EPS for the quarter, beating analysts’ consensus estimates of $7.45 by $0.23. The business had revenue of $4.23 billion during the quarter, compared to analysts’ expectations of $4.15 billion. The firm’s quarterly revenue was up 61.0% compared to the same quarter last year. During the same quarter last year, the firm earned $2.61 earnings per share. On average, equities analysts predict that Seagate Technology Holdings PLC will post 35.79 earnings per share for the current year.

Seagate Technology Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 7th. Stockholders of record on Wednesday, December 23rd will be given a dividend of $0.76 per share. This is a positive change from Seagate Technology’s previous quarterly dividend of $0.74. The ex-dividend date is Wednesday, December 23rd. This represents a $3.04 dividend on an annualized basis and a dividend yield of 0.5%.

Insider Transactions at Seagate Technology

In related news, EVP John Morris sold 9,354 shares of the business’s stock in a transaction on Monday, September 21st. The shares were sold at an average price of $877.91, for a total value of $8,211,970.14. Following the completion of the sale, the executive vice president owned 22,693 shares of the company’s stock, valued at approximately $19,922,411.63. The trade was a 29.19% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Ban Teh sold 52,730 shares of the company’s stock in a transaction on Tuesday, September 15th. The stock was sold at an average price of $782.08, for a total transaction of $41,239,078.40. Following the transaction, the executive vice president owned 5,810 shares of the company’s stock, valued at $4,543,884.80. This represents a 90.08% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 467,506 shares of company stock worth $379,191,992 in the last ninety days. Company insiders own 0.51% of the company’s stock.

Seagate Technology Profile

Seagate Technology Holdings plc (NASDAQ: STX) is a data storage company that develops and manufactures mass-capacity storage products and solutions. Its portfolio is centered on hard disk drives (HDDs) used in cloud data centers, enterprise systems, network-attached storage, video and imaging applications, and personal computers.

The company also provides storage-related services and solutions designed to help organizations store, manage, protect, and access large volumes of digital information.