Seagate Technology Holdings PLC $STX Shares Sold by Valley Wealth Managers Inc.

Valley Wealth Managers Inc. decreased its stake in shares of Seagate Technology Holdings PLC (NASDAQ:STX) by 14.7% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 139,915 shares of the data storage provider’s stock after selling 24,190 shares during the period. Seagate Technology accounts for about 2.2% of Valley Wealth Managers Inc.’s portfolio, making the stock its 5th largest holding. Valley Wealth Managers Inc. owned 0.07% of Seagate Technology worth $33,028,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. Harbor Asset Planning Inc. bought a new stake in shares of Seagate Technology during the second quarter worth approximately $27,000. Rakuten Securities Inc. increased its stake in shares of Seagate Technology by 884.2% during the second quarter. Rakuten Securities Inc. now owns 187 shares of the data storage provider’s stock worth $27,000 after purchasing an additional 168 shares during the period. MTM Investment Management LLC acquired a new stake in Seagate Technology during the 2nd quarter worth approximately $29,000. First Horizon Corp bought a new stake in Seagate Technology in the 3rd quarter valued at $33,000. Finally, GoalVest Advisory LLC boosted its stake in Seagate Technology by 30.6% in the 2nd quarter. GoalVest Advisory LLC now owns 320 shares of the data storage provider’s stock valued at $46,000 after purchasing an additional 75 shares during the period. 92.87% of the stock is owned by institutional investors.

Key Stories Impacting Seagate Technology

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

• Positive Sentiment: Q2 beat and raised guidance — Seagate reported $3.11 EPS and $2.83B revenue (both above consensus), delivered record margins and issued Q3 EPS guidance of $3.20–$3.60 (above Street estimates); this fundamental beat and stronger outlook are the main catalysts lifting the stock. Seagate Q2 Highlights
• Positive Sentiment: Demand commentary — Management said Seagate is effectively sold out through 2026 as AI-led data-center demand ramps, supporting visibility into revenue and pricing power for nearline capacity. Seagate Sold Out Through 2026
• Positive Sentiment: Large analyst target upgrades — Multiple firms raised price targets and ratings after the print (examples: Robert W. Baird to $505, Cantor/Rosenblatt/TD Cowen to $500+, Evercore to $450 and Citigroup to $460), which likely amplified buying from momentum and institutional flows. Evercore Price Target Update
• Neutral Sentiment: Mixed analyst positioning — Some houses raised targets but a few major banks still have neutral/discounted targets relative to the rally (Goldman/UBS/Barclays still below the intraday highs), signaling differing views on sustainable valuation. Analyst Rating Coverage
• Neutral Sentiment: Dividend maintained — Seagate declared a quarterly dividend (modest yield ~0.7%), a shareholder-friendly item but unlikely to be a primary driver of the share move.
• Negative Sentiment: Insider sale — EVP James Ci Lee sold 673 shares recently, reducing his holdings materially; insider sales can be interpreted negatively by some investors even though the sale size is small relative to the market cap. SEC Form 4

Insider Buying and Selling at Seagate Technology

In other news, Director Stephanie Tilenius sold 2,046 shares of the business’s stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $266.41, for a total transaction of $545,074.86. Following the completion of the transaction, the director owned 12,244 shares of the company’s stock, valued at approximately $3,261,924.04. The trade was a 14.32% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Yolanda Lee Conyers sold 750 shares of the company’s stock in a transaction on Tuesday, December 2nd. The stock was sold at an average price of $272.91, for a total value of $204,682.50. Following the sale, the director owned 5,601 shares of the company’s stock, valued at approximately $1,528,568.91. This represents a 11.81% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 124,902 shares of company stock valued at $34,819,987. 0.79% of the stock is currently owned by insiders.

Seagate Technology Stock Up 0.8%

STX stock opened at $446.57 on Friday. Seagate Technology Holdings PLC has a 52 week low of $63.19 and a 52 week high of $457.84. The business has a 50-day simple moving average of $301.25 and a 200 day simple moving average of $236.62. The company has a quick ratio of 0.62, a current ratio of 1.12 and a debt-to-equity ratio of 7.63. The company has a market cap of $95.37 billion, a PE ratio of 50.52, a price-to-earnings-growth ratio of 1.29 and a beta of 1.60.

Seagate Technology (NASDAQ:STX) last announced its quarterly earnings data on Tuesday, January 27th. The data storage provider reported $3.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.77 by $0.34. The firm had revenue of $2.83 billion for the quarter, compared to the consensus estimate of $2.73 billion. Seagate Technology had a net margin of 19.59% and a negative return on equity of 936.38%. The business’s revenue for the quarter was up 21.5% on a year-over-year basis. During the same period in the prior year, the company posted $2.03 earnings per share. Seagate Technology has set its Q3 2026 guidance at 3.200-3.600 EPS. Sell-side analysts anticipate that Seagate Technology Holdings PLC will post 6.83 EPS for the current fiscal year.

Seagate Technology Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 8th. Investors of record on Wednesday, March 25th will be paid a $0.74 dividend. This represents a $2.96 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend is Wednesday, March 25th. Seagate Technology’s dividend payout ratio (DPR) is 33.48%.

Analysts Set New Price Targets

Several research firms have weighed in on STX. TD Cowen increased their price objective on Seagate Technology from $340.00 to $500.00 and gave the stock a “buy” rating in a research report on Wednesday. Zacks Research downgraded shares of Seagate Technology from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 19th. Loop Capital raised their price target on shares of Seagate Technology from $350.00 to $465.00 and gave the stock a “buy” rating in a research report on Monday, November 10th. Fox Advisors boosted their price objective on shares of Seagate Technology from $245.00 to $270.00 in a report on Wednesday, October 29th. Finally, Benchmark boosted their price objective on shares of Seagate Technology from $255.00 to $325.00 and gave the company a “buy” rating in a report on Tuesday, December 16th. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, Seagate Technology presently has a consensus rating of “Moderate Buy” and a consensus target price of $411.04.

Seagate Technology Company 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.