Royal Bank of Canada Has $397.05 Million Holdings in Seagate Technology Holdings PLC $STX

Royal Bank of Canada cut its position in shares of Seagate Technology Holdings PLC (NASDAQ:STX) by 2.0% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,013,493 shares of the data storage provider’s stock after selling 20,891 shares during the quarter. Royal Bank of Canada’s holdings in Seagate Technology were worth $397,045,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in STX. FACT Capital LP acquired a new position in Seagate Technology in the 1st quarter worth approximately $1,707,000. IMG Wealth Management Inc. grew its holdings in shares of Seagate Technology by 50.0% during the first quarter. IMG Wealth Management Inc. now owns 102 shares of the data storage provider’s stock valued at $40,000 after buying an additional 34 shares in the last quarter. Lazard Asset Management LLC raised its position in Seagate Technology by 3.3% during the first quarter. Lazard Asset Management LLC now owns 29,304 shares of the data storage provider’s stock valued at $11,480,000 after buying an additional 945 shares during the period. Weiss Asset Management LP purchased a new stake in Seagate Technology in the 1st quarter worth about $897,000. Finally, Absolute Gestao de Investimentos Ltda. purchased a new stake in Seagate Technology in the 1st quarter worth about $243,000. 92.87% of the stock is owned by hedge funds and other institutional investors.

Seagate Technology Stock Down 8.5%

STX stock opened at $747.30 on Wednesday. The firm has a market cap of $167.57 billion, a PE ratio of 70.90 and a beta of 2.04. Seagate Technology Holdings PLC has a 1 year low of $138.30 and a 1 year high of $1,145.00. The company has a fifty day simple moving average of $894.95 and a 200 day simple moving average of $618.98. The company has a current ratio of 1.33, a quick ratio of 0.85 and a debt-to-equity ratio of 3.16.

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 return on equity of 1,005.65% and a net margin of 21.60%.The company had revenue of $3.63 billion for the quarter, compared to analyst estimates of $3.50 billion. During the same period last year, the company earned $2.59 earnings per share. The business’s revenue was up 48.5% compared to the same quarter last year. Seagate Technology has set its Q1 2027 guidance at 7.100-7.500 EPS. Sell-side analysts anticipate that Seagate Technology Holdings PLC will post 14.14 EPS for the current fiscal year.

Seagate Technology Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 7th. Stockholders of record on Thursday, September 24th will be issued a dividend of $0.74 per share. The ex-dividend date of this dividend is Thursday, September 24th. This represents a $2.96 dividend on an annualized basis and a dividend yield of 0.4%. Seagate Technology’s dividend payout ratio is currently 28.08%.

Insider Buying and Selling

In other news, CFO Gianluca Romano sold 22,488 shares of the business’s stock in a transaction on Wednesday, May 6th. The shares were sold at an average price of $774.22, for a total value of $17,410,659.36. Following the completion of the sale, the chief financial officer directly owned 42,847 shares in the company, valued at approximately $33,173,004.34. The trade was a 34.42% decrease in their ownership of the stock. The sale was disclosed in a 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 Seng Teh sold 8,003 shares of the company’s stock in a transaction on Thursday, May 14th. The stock was sold at an average price of $817.28, for a total transaction of $6,540,691.84. Following the sale, the executive vice president directly owned 3,691 shares of the company’s stock, valued at approximately $3,016,580.48. This represents a 68.44% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 151,069 shares of company stock valued at $126,191,753 over the last 90 days. 0.79% of the stock is currently owned by insiders.

Seagate Technology News Roundup

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

• Positive Sentiment: Quarterly results exceeded expectations. Seagate reported fiscal fourth-quarter adjusted EPS of $5.71, above the $5.10 consensus estimate, while revenue reached $3.63 billion versus expectations of approximately $3.50 billion. Revenue increased roughly 49% year over year, and GAAP net income rose to $1.29 billion from $488 million a year earlier. Seagate fiscal fourth-quarter and fiscal-year 2026 results
• Positive Sentiment: Outlook comfortably topped Wall Street forecasts. For fiscal first-quarter 2027, management projected revenue of $4.0 billion to $4.2 billion and EPS of $7.10 to $7.50, compared with consensus estimates of $3.7 billion and $5.63, respectively. The guidance points to continued pricing strength and robust data-center demand. Seagate upbeat-quarter forecast
• Positive Sentiment: AI-related storage demand remains the key catalyst. Seagate cited rapid AI infrastructure expansion and strong demand for mass-capacity nearline drives. Its HAMR-based Mozaic technology enables higher storage density without requiring entirely new manufacturing lines. The company also reported fiscal 2026 revenue growth of 34% and record free cash flow of $3.1 billion. Seagate AI-driven storage demand forecast
• Neutral Sentiment: Expectations and valuation remain elevated. STX had already more than doubled during the year, and its recent rally had outpaced some of management’s previous guidance. That raises the risk that investors will demand further upside surprises despite the strong report.
• Negative Sentiment: Sector volatility and external risks persist. The stock had recently pulled back alongside other AI, memory and hardware shares amid tariff concerns and broader profit-taking. Seagate also carries substantial leverage, with a debt-to-equity ratio above 3, which could amplify volatility if data-center spending slows.

Wall Street Analyst Weigh In

STX has been the topic of several research analyst reports. Morgan Stanley lifted their target price on Seagate Technology from $767.00 to $1,035.00 and gave the company an “overweight” rating in a research note on Monday, June 15th. Citigroup raised their price target on shares of Seagate Technology from $1,150.00 to $1,240.00 and gave the stock a “buy” rating in a report on Monday, July 13th. The Goldman Sachs Group boosted their price objective on shares of Seagate Technology from $385.00 to $700.00 and gave the company a “buy” rating in a research report on Wednesday, April 29th. Cantor Fitzgerald upped their price objective on shares of Seagate Technology from $1,000.00 to $1,300.00 and gave the company an “overweight” rating in a research note on Monday, June 29th. Finally, Loop Capital increased their target price on shares of Seagate Technology from $950.00 to $1,140.00 and gave the stock a “buy” rating in a research report on Friday, May 15th. Twenty-two research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $898.52.

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.