Seagate Technology Holdings PLC $STX Stock Holdings Lowered by Ritholtz Wealth Management

Ritholtz Wealth Management lowered its stake in Seagate Technology Holdings PLC (NASDAQ:STX) by 10.7% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 24,807 shares of the data storage provider’s stock after selling 2,980 shares during the period. Ritholtz Wealth Management’s holdings in Seagate Technology were worth $22,880,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of STX. Wellington Management Group LLP grew its stake in Seagate Technology by 2,655.9% during the second 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 in the last quarter. Janus Henderson Group PLC raised its position in shares of Seagate Technology by 3,872.1% in the 1st quarter. Janus Henderson Group PLC now owns 967,528 shares of the data storage provider’s stock valued at $378,985,000 after buying an additional 943,170 shares in the last quarter. Amundi raised its position in shares of Seagate Technology by 32.2% in the 1st quarter. Amundi now owns 965,565 shares of the data storage provider’s stock valued at $378,267,000 after buying an additional 235,359 shares in the last quarter. Hsbc Holdings PLC raised its position in shares of Seagate Technology by 119.7% in the 1st quarter. Hsbc Holdings PLC now owns 378,527 shares of the data storage provider’s stock valued at $147,753,000 after buying an additional 206,196 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Seagate Technology during the 3rd quarter worth approximately $183,464,000. Institutional investors and hedge funds own 92.87% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on STX shares. Sanford C. Bernstein reiterated an “outperform” rating and set a $1,350.00 price target on shares of Seagate Technology in a research report on Wednesday, July 29th. Cantor Fitzgerald lowered 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 research report on Monday, October 26th. Bank of America boosted their price objective on shares of Seagate Technology from $1,150.00 to $1,200.00 and gave the company a “buy” rating in a research report on Wednesday, October 21st. Weiss Ratings cut Seagate Technology from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday, November 2nd. Finally, TD Cowen reduced their target price on Seagate Technology from $1,000.00 to $900.00 and set a “buy” rating on the stock in a report on Wednesday, October 28th. Twenty-three research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Seagate Technology currently has an average rating of “Moderate Buy” and a consensus target price of $1,000.88.

Seagate Technology Price Performance

Shares of STX opened at $551.72 on Thursday. Seagate Technology Holdings PLC has a 12-month low of $228.61 and a 12-month high of $1,145.00. The business has a 50-day simple moving average of $751.28 and a two-hundred day simple moving average of $696.43. The company has a quick ratio of 1.25, a current ratio of 1.82 and a debt-to-equity ratio of 0.68. The stock has a market cap of $126.65 billion, a PE ratio of 28.98 and a beta of 2.16.

Seagate Technology (NASDAQ:STX) last announced its quarterly earnings results on Tuesday, October 27th. The data storage provider reported $7.68 EPS for the quarter, beating analysts’ consensus estimates of $7.44 by $0.24. Seagate Technology had a return on equity of 252.47% and a net margin of 31.86%. The firm had revenue of $4.23 billion for the quarter, compared to analyst estimates of $4.15 billion. During the same period last year, the firm posted $2.61 earnings per share. The business’s revenue for the quarter was up 61.0% on a year-over-year basis. Analysts anticipate that Seagate Technology Holdings PLC will post 37.96 earnings per share for the current fiscal year.

Seagate Technology Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 7th. Shareholders of record on Wednesday, December 23rd will be issued a dividend of $0.76 per share. This represents a $3.04 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend is Wednesday, December 23rd. This is a positive change from Seagate Technology’s previous quarterly dividend of $0.74. Seagate Technology’s payout ratio is presently 15.55%.

Insider Activity

In other Seagate Technology news, CEO William D. Mosley sold 6,720 shares of the company’s stock in a transaction that occurred on Monday, November 2nd. The shares were sold at an average price of $622.82, for a total value of $4,185,350.40. Following the completion of the transaction, the chief executive officer directly owned 346,108 shares in the company, valued at approximately $215,562,984.56. This represents a 1.90% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Gianluca Romano sold 49,984 shares of the firm’s stock in a transaction on Tuesday, September 15th. The shares were sold at an average price of $772.16, for a total transaction of $38,595,645.44. Following the transaction, the chief financial officer directly owned 70,756 shares of the company’s stock, valued at $54,634,952.96. The trade was a 41.40% 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 ninety days, insiders sold 439,747 shares of company stock worth $349,271,735. Company insiders own 0.51% of the company’s stock.

Seagate Technology News Roundup

These are some of the STX news items that stood out recently:

• Positive Sentiment: CoreWeave results eased AI-spending concerns. The cloud provider beat expectations and raised its 2026 guidance, prompting investors to reconsider fears that AI infrastructure investment—and demand for nearline storage—was slowing. The results helped revive interest in storage and memory stocks, including STX. Seagate Stocks Jump as CoreWeave Results Revive Nearline Storage Demand
• Positive Sentiment: New FireCuda Forge drive expands Seagate’s product lineup. The drive uses the Alkemi platform to combine SSD-like responsiveness with HDD capacity, targeting gamers and creators who need high-capacity storage. The launch could help Seagate address demand for performance-oriented storage, though its effect on revenue is not yet clear. Seagate launches FireCuda Forge
• Neutral Sentiment: Durability of the AI-driven rebound remains uncertain. Recent gains follow a difficult stretch for storage stocks, and coverage notes that the outlook depends partly on how AI buildouts are financed and whether spending continues. Storage stocks and the revived AI trade

Seagate Technology Profile

Seagate Technology develops and supplies data-storage products and solutions for businesses and consumers. Its portfolio includes hard disk drives (HDDs), solid-state drives, and storage systems designed for applications ranging from personal computing to large-scale data centers. The company’s products support cloud and enterprise storage, network-attached storage, video surveillance, gaming, and other uses that require digital data to be stored and accessed. Seagate also offers data-management and storage services through its Lyve platform.