Seagate Technology Holdings PLC $STX Shares Acquired by MBL Wealth LLC

MBL Wealth LLC grew its position in Seagate Technology Holdings PLC (NASDAQ:STX) by 131.2% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,829 shares of the data storage provider’s stock after buying an additional 1,038 shares during the period. MBL Wealth LLC’s holdings in Seagate Technology were worth $1,687,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Wellington Management Group LLP grew its position in shares of Seagate Technology by 2,655.9% in 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 raised its stake in shares of Seagate Technology by 3,872.1% during the 1st 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 in the last quarter. Swedbank AB lifted its position in Seagate Technology by 67.6% during the first quarter. Swedbank AB now owns 709,160 shares of the data storage provider’s stock valued at $277,821,000 after acquiring an additional 285,949 shares during the last quarter. Amundi lifted its position in Seagate Technology by 32.2% during the first quarter. Amundi now owns 965,565 shares of the data storage provider’s stock valued at $378,267,000 after acquiring an additional 235,359 shares during the last quarter. Finally, Hsbc Holdings PLC lifted its position in Seagate Technology by 119.7% during the first quarter. Hsbc Holdings PLC now owns 378,527 shares of the data storage provider’s stock valued at $147,753,000 after acquiring an additional 206,196 shares during the last quarter. 92.87% of the stock is currently owned by institutional investors.

Seagate Technology News Summary

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

• Positive Sentiment: Bank of America raised its price target on Seagate to $1,200 from $1,150 and reiterated a Buy rating, citing HDD demand that is exceeding long-term expectations. The bank expects fiscal Q1 2027 revenue near the high end of guidance and earnings above management’s projected range. Seagate price target raised as Bank of America sees strong demand for hard drives
• Positive Sentiment: J.P. Morgan and other analysts issued bullish views, while Morgan Stanley reportedly expects further share-price appreciation. Zacks also upgraded STX to a Buy and added it to its Strong Buy list, reflecting improving earnings expectations. Seagate Tech Gets a Buy from J.P. Morgan
• Positive Sentiment: The earnings preview highlights favorable storage pricing, constrained HDD capacity, and rising nearline and AI-oriented demand. Analysts are looking for Seagate to build on its recent earnings beat, including its latest $5.71-per-share result versus a $5.10 consensus estimate. STX Stock Earnings Preview
• Neutral Sentiment: Seagate’s strong rally—reported at roughly 155% for the year—has prompted investors to consider taking profits. This creates near-term volatility even though the fundamental outlook remains constructive. Micron and Seagate profit-taking analysis

Insider Activity at Seagate Technology

In other Seagate Technology news, EVP Ban Teh sold 52,730 shares of the firm’s stock in a transaction on Tuesday, September 15th. The shares were sold at an average price of $782.08, for a total value of $41,239,078.40. Following the completion of the transaction, the executive vice president 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO William D. Mosley sold 97,889 shares of the firm’s stock in a transaction on Tuesday, September 15th. The stock was sold at an average price of $772.14, for a total transaction of $75,584,012.46. Following the completion of the transaction, the chief executive officer directly owned 378,108 shares of the company’s stock, valued at approximately $291,952,311.12. This represents a 20.57% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last 90 days, insiders have sold 466,959 shares of company stock worth $378,840,741. 0.51% of the stock is owned by company insiders.

Seagate Technology Stock Performance

STX opened at $642.14 on Friday. Seagate Technology Holdings PLC has a 52-week low of $217.67 and a 52-week high of $1,145.00. The company has a quick ratio of 1.17, a current ratio of 1.67 and a debt-to-equity ratio of 1.56. The company has a market cap of $146.02 billion, a P/E ratio of 46.26 and a beta of 2.06. The firm’s 50-day moving average price is $827.45 and its 200-day moving average price is $811.60.

Seagate Technology (NASDAQ:STX) last announced its quarterly earnings data on Tuesday, July 28th. The data storage provider reported $5.71 EPS for the quarter, beating the consensus estimate of $5.10 by $0.61. The firm had revenue of $3.63 billion during the quarter, compared to analyst estimates of $3.50 billion. Seagate Technology had a net margin of 26.11% and a return on equity of 369.98%. Seagate Technology’s revenue was up 48.5% on a year-over-year basis. During the same period last year, the firm posted $2.59 EPS. Seagate Technology has set its Q1 2027 guidance at 7.100-7.500 EPS. As a group, equities analysts anticipate that Seagate Technology Holdings PLC will post 35.79 EPS for the current fiscal year.

Seagate Technology Announces Dividend

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

Wall Street Analyst Weigh In

STX has been the subject of several recent analyst reports. Wall Street Zen upgraded shares of Seagate Technology from a “buy” rating to a “strong-buy” rating in a research note on Saturday, September 26th. Zacks Research lowered shares of Seagate Technology from a “strong-buy” rating to a “hold” rating in a report on Monday, September 28th. Wells Fargo & Company reduced their price target on Seagate Technology from $1,180.00 to $865.00 and set an “overweight” rating on the stock in a research report on Friday, October 16th. JPMorgan Chase & Co. increased their price objective on Seagate Technology from $1,095.00 to $1,240.00 and gave the company an “overweight” rating in a report on Wednesday, July 29th. Finally, Citigroup raised their price objective on 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. Twenty-two investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $975.92.

Seagate Technology Company 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.