Seagate Technology Holdings PLC $STX Stock Position Decreased by Westpac Banking Corp

Westpac Banking Corp lessened its holdings in shares of Seagate Technology Holdings PLC (NASDAQ:STX) by 19.4% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,936 shares of the data storage provider’s stock after selling 950 shares during the period. Westpac Banking Corp’s holdings in Seagate Technology were worth $1,084,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the business. Natixis Advisors LLC boosted its stake in Seagate Technology by 15.3% during the 4th quarter. Natixis Advisors LLC now owns 155,007 shares of the data storage provider’s stock valued at $42,688,000 after purchasing an additional 20,524 shares during the period. AXQ Capital LP lifted its stake in Seagate Technology by 78.6% during the fourth quarter. AXQ Capital LP now owns 3,174 shares of the data storage provider’s stock valued at $874,000 after purchasing an additional 1,397 shares during the last quarter. Fielder Capital Group LLC lifted its stake in Seagate Technology by 2.7% during the fourth quarter. Fielder Capital Group LLC now owns 1,217 shares of the data storage provider’s stock valued at $335,000 after purchasing an additional 32 shares during the last quarter. Root Financial Partners LLC lifted its stake in Seagate Technology by 71.3% during the fourth quarter. Root Financial Partners LLC now owns 632 shares of the data storage provider’s stock valued at $174,000 after purchasing an additional 263 shares during the last quarter. Finally, COFG Advisors LLC acquired a new stake in Seagate Technology during the fourth quarter valued at approximately $278,000. Institutional investors own 92.87% of the company’s stock.

Seagate Technology Trading Up 1.5%

Shares of STX stock opened at $940.69 on Thursday. Seagate Technology Holdings PLC has a 12-month low of $123.73 and a 12-month high of $966.80. The company has a market capitalization of $210.93 billion, a P/E ratio of 89.25 and a beta of 2.04. The firm has a 50-day moving average price of $642.80 and a 200 day moving average price of $446.76. The company has a quick ratio of 0.85, a current ratio of 1.33 and a debt-to-equity ratio of 3.16.

Seagate Technology (NASDAQ:STX) last announced its quarterly earnings results on Tuesday, April 28th. The data storage provider reported $4.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.51 by $0.59. Seagate Technology had a net margin of 21.60% and a return on equity of 1,005.65%. The firm had revenue of $3.11 billion during the quarter, compared to the consensus estimate of $2.96 billion. During the same period last year, the firm posted $1.90 EPS. The firm’s quarterly revenue was up 44.1% on a year-over-year basis. Seagate Technology has set its Q4 2026 guidance at 4.800-5.200 EPS. Research analysts forecast that Seagate Technology Holdings PLC will post 14.1 earnings per share for the current fiscal year.

Seagate Technology Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 7th. Shareholders of record on Wednesday, June 24th will be given a $0.74 dividend. This represents a $2.96 annualized dividend and a yield of 0.3%. The ex-dividend date is Wednesday, June 24th. Seagate Technology’s dividend payout ratio (DPR) is presently 28.08%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on STX shares. Jefferies Financial Group restated a “hold” rating on shares of Seagate Technology in a report on Wednesday, February 4th. Rosenblatt Securities boosted their target price on shares of Seagate Technology from $500.00 to $1,000.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. Cantor Fitzgerald boosted their target price on shares of Seagate Technology from $700.00 to $1,000.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 29th. Wells Fargo & Company boosted their target price on shares of Seagate Technology from $700.00 to $900.00 and gave the stock an “equal weight” rating in a research report on Monday. Finally, The Goldman Sachs Group boosted their target price on shares of Seagate Technology from $385.00 to $700.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $772.04.

Insider Transactions at Seagate Technology

In other Seagate Technology news, Director Prat Bhatt sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $929.88, for a total value of $929,880.00. Following the completion of the sale, the director owned 12,869 shares in the company, valued at approximately $11,966,625.72. This trade represents a 7.21% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Yolanda Lee Conyers sold 750 shares of the firm’s stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $885.33, for a total transaction of $663,997.50. Following the completion of the sale, the director owned 4,101 shares of the company’s stock, valued at $3,630,738.33. The trade was a 15.46% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 154,187 shares of company stock worth $107,340,021. Corporate insiders own 0.79% of the company’s stock.

Seagate Technology News Summary

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

• Positive Sentiment: Citigroup raised its price target on Seagate Technology Holdings PLC (STX) to $1,150 and reiterated a Buy rating, which is likely helping fuel the stock’s recent strength. Article Title
• Positive Sentiment: Seagate also reached a $175 million settlement over Huawei-related shareholder claims, which may reduce a lingering legal overhang and improve sentiment. Article Title
• Positive Sentiment: A Forbes piece highlighted Seagate as a data-storage name making new records, reflecting continued momentum in the stock after strong earnings and guidance. Article Title
• Neutral Sentiment: Seagate presented at Bank of America’s 2026 Global Technology Conference, but no major new operational update was included in the transcript. Article Title
• Negative Sentiment: Multiple insiders, including CEO William D. Mosley and directors Yolanda Lee Conyers and Prat Bhatt, sold shares in pre-arranged transactions. These sales were likely routine, but they can still temper enthusiasm at elevated share prices.

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.