Seagate Technology Holdings PLC $STX Shares Sold by Hanson & Doremus Investment Management

Hanson & Doremus Investment Management lowered its position in Seagate Technology Holdings PLC (NASDAQ:STX) by 5.1% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 29,885 shares of the data storage provider’s stock after selling 1,603 shares during the period. Seagate Technology comprises approximately 2.8% of Hanson & Doremus Investment Management’s investment portfolio, making the stock its 8th biggest position. Hanson & Doremus Investment Management’s holdings in Seagate Technology were worth $27,564,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in STX. Aspiriant LLC raised its holdings in shares of Seagate Technology by 13.0% during the third quarter. Aspiriant LLC now owns 677 shares of the data storage provider’s stock valued at $624,000 after acquiring an additional 78 shares during the last quarter. Perryman Financial Advisory Inc. AD boosted its position in shares of Seagate Technology by 79.0% during the 3rd quarter. Perryman Financial Advisory Inc. AD now owns 931 shares of the data storage provider’s stock worth $859,000 after purchasing an additional 411 shares during the period. Pension & Wealth Management Advisors Inc. acquired a new stake in shares of Seagate Technology in the third quarter valued at $993,000. Goldstein Advisors LLC acquired a new position in shares of Seagate Technology in the third quarter valued at approximately $369,000. Finally, NFSG Corp raised its stake in shares of Seagate Technology by 58,328.6% in the third quarter. NFSG Corp now owns 4,090 shares of the data storage provider’s stock valued at $3,772,000 after acquiring an additional 4,083 shares in the last quarter. 92.87% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have issued reports on STX. Citigroup lifted their price target on Seagate Technology from $1,240.00 to $1,300.00 and gave the stock a “buy” rating in a report on Wednesday, July 29th. TD Cowen upped their target price on shares of Seagate Technology from $850.00 to $1,000.00 and gave the stock a “buy” rating in a research report on Wednesday, July 29th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $1,300.00 target price on shares of Seagate Technology in a research note on Wednesday, July 29th. Rosenblatt Securities increased their price objective on shares of Seagate Technology from $1,300.00 to $1,400.00 and gave the stock a “buy” rating in a report on Wednesday, July 29th. Finally, Melius Research initiated coverage on shares of Seagate Technology in a research report on Monday, June 29th. They set a “buy” rating and a $1,600.00 target price for the company. Twenty-two research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, Seagate Technology has an average rating of “Moderate Buy” and an average target price of $973.40.

Seagate Technology News Roundup

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

• Positive Sentiment: Wells Fargo lowered its price target to $865 from $1,180 but retained an “overweight” rating, implying substantial upside from current levels. The reduced target reflects a more cautious outlook, while the continued bullish rating suggests analysts believe market fears have become overdone. Seagate and Western Digital Stocks Have Tanked on Toshiba Fears. Wells Fargo Is Still Bullish.
• Positive Sentiment: Seagate’s 44TB Mozaic 4 drives could support further gross-margin expansion through higher storage density, improved cost efficiency and strong cloud-storage demand. This strengthens the potential earnings benefit from artificial-intelligence-related data growth. Can Seagate’s 44TB Mozaic 4 Drives Lift Gross Margins Further?
• Positive Sentiment: Despite the sector selloff, commentary points to a potentially long runway for data-storage demand as cloud providers and AI systems require increasing capacity. Seagate Could Have a Long Runway as Data Storage Demand Explodes
• Neutral Sentiment: The Wells Fargo target reduction highlights greater uncertainty around industry pricing, competition and the pace of AI-related spending, even though the firm sees an attractive risk-reward profile.
• Negative Sentiment: Investors remain concerned that Toshiba-related developments and rising competition could pressure Seagate and Western Digital, while a broader technology and AI-trade selloff is adding to the sector’s volatility. These fears are the main drivers weighing on STX today. WDC, STX Stocks Headed For Third Straight Weekly Loss

Insider Buying and Selling

In related news, EVP John Morris sold 15,466 shares of Seagate Technology stock in a transaction dated Tuesday, September 15th. The stock was sold at an average price of $772.15, for a total value of $11,942,071.90. Following the transaction, the executive vice president owned 31,132 shares of the company’s stock, valued at approximately $24,038,573.80. This trade represents a 33.19% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, EVP Ban Teh sold 52,730 shares of the firm’s stock in a transaction on Tuesday, September 15th. The stock was sold at an average price of $782.08, for a total value of $41,239,078.40. Following the completion of the sale, the executive vice president directly owned 5,810 shares of the company’s stock, valued at approximately $4,543,884.80. This trade represents a 90.08% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 466,959 shares of company stock worth $378,840,741. Company insiders own 0.51% of the company’s stock.

Seagate Technology Price Performance

Shares of STX opened at $639.01 on Friday. The stock has a fifty day moving average price of $842.38 and a 200 day moving average price of $801.46. The company has a market cap of $145.30 billion, a P/E ratio of 46.04 and a beta of 2.06. The company has a debt-to-equity ratio of 1.56, a current ratio of 1.67 and a quick ratio of 1.17. Seagate Technology Holdings PLC has a 12 month low of $209.00 and a 12 month high of $1,145.00.

Seagate Technology (NASDAQ:STX) last released its quarterly earnings results on Tuesday, July 28th. The data storage provider reported $5.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.10 by $0.61. The company had revenue of $3.63 billion during the quarter, compared to analysts’ expectations of $3.50 billion. Seagate Technology had a return on equity of 369.98% and a net margin of 26.11%. The company’s revenue for the quarter was up 48.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.59 earnings per share. Seagate Technology has set its Q1 2027 guidance at 7.100-7.500 EPS. On average, research analysts forecast that Seagate Technology Holdings PLC will post 35.70 earnings per share for the current year.

Seagate Technology Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 7th. Shareholders of record on Thursday, September 24th were issued a $0.74 dividend. The ex-dividend date of this dividend was Thursday, September 24th. This represents a $2.96 annualized dividend and a dividend yield of 0.5%. Seagate Technology’s dividend payout ratio is currently 21.33%.

About Seagate Technology

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.