Seagate Technology Holdings PLC $STX Shares Sold by Western Financial Corp CA

Western Financial Corp CA trimmed its holdings in Seagate Technology Holdings PLC (NASDAQ:STX) by 81.0% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,835 shares of the data storage provider’s stock after selling 7,799 shares during the period. Western Financial Corp CA’s holdings in Seagate Technology were worth $1,692,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of STX. NewEdge Advisors LLC lifted its stake in Seagate Technology by 85.9% in the 1st quarter. NewEdge Advisors LLC now owns 22,046 shares of the data storage provider’s stock worth $8,637,000 after purchasing an additional 10,190 shares in the last quarter. UNICOM Systems Inc. boosted its holdings in shares of Seagate Technology by 18.2% during the 2nd quarter. UNICOM Systems Inc. now owns 43,500 shares of the data storage provider’s stock worth $41,978,000 after purchasing an additional 6,700 shares during the last quarter. USA Financial Formulas purchased a new stake in shares of Seagate Technology in the first quarter valued at approximately $1,328,000. Financial Insights Inc. purchased a new stake in shares of Seagate Technology in the second quarter valued at approximately $706,000. Finally, Silverleafe Capital Partners LLC purchased a new stake in shares of Seagate Technology in the third quarter valued at approximately $820,000. 92.87% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Morgan Stanley increased their price target on Seagate Technology from $1,035.00 to $1,187.00 and gave the company an “overweight” rating in a report on Wednesday, July 29th. Barclays boosted their price objective on Seagate Technology from $1,000.00 to $1,250.00 and gave the stock an “overweight” rating in a research note on Thursday, July 30th. TD Cowen upped their target price on Seagate Technology from $850.00 to $1,000.00 and gave the company a “buy” rating in a report on Wednesday, July 29th. Argus upped their target price on Seagate Technology from $750.00 to $900.00 and gave the company a “buy” rating in a report on Thursday, July 30th. Finally, JPMorgan Chase & Co. raised their target price on Seagate Technology from $1,095.00 to $1,240.00 and gave the stock an “overweight” rating in a research note 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. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $986.00.

Seagate Technology Trading Down 4.5%

Shares of Seagate Technology stock traded down $33.66 during mid-day trading on Wednesday, hitting $713.54. The stock had a trading volume of 4,194,171 shares, compared to its average volume of 4,386,348. The firm has a 50-day moving average of $851.58 and a two-hundred day moving average of $798.06. Seagate Technology Holdings PLC has a 12-month low of $209.00 and a 12-month 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 firm has a market cap of $162.25 billion, a P/E ratio of 51.41 and a beta of 2.06.

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

Seagate Technology Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 7th. Investors of record on Thursday, September 24th were given a $0.74 dividend. This represents a $2.96 annualized dividend and a yield of 0.4%. The ex-dividend date was Thursday, September 24th. Seagate Technology’s dividend payout ratio is presently 21.33%.

Insiders Place Their Bets

In related news, EVP John Morris sold 9,354 shares of Seagate Technology stock in a transaction that occurred on Monday, September 21st. The shares were sold at an average price of $877.91, for a total value of $8,211,970.14. Following the completion of the sale, the executive vice president owned 22,693 shares in the company, valued at approximately $19,922,411.63. This trade represents a 29.19% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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 business’s stock in a transaction on Tuesday, September 15th. The shares were sold at an average price of $772.16, for a total value of $38,595,645.44. Following the completion of the sale, the chief financial officer owned 70,756 shares in the company, valued at $54,634,952.96. This represents 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. Insiders sold 466,959 shares of company stock worth $378,840,741 in the last three months. 0.51% of the stock is owned by insiders.

More Seagate Technology News

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

• Positive Sentiment: AI-driven demand supports the long-term outlook. Seagate is positioned to benefit from the rapid growth of data-center storage needs. Its HAMR technology enables higher-capacity hard drives, including 44TB products currently available and a stated path toward 100TB drives by 2032, potentially reducing the number of drives and operating costs required by customers. Seagate’s Improving Earnings Support a Cautious Upside
• Positive Sentiment: Recent financial performance remains strong. Fiscal 2026 sales reportedly increased 34% to $12.2 billion, adjusted operating margin reached 36.5%, and free cash flow grew substantially. The company also previously exceeded quarterly EPS and revenue expectations, reinforcing the bullish case for earnings growth. Seagate’s Improving Earnings Support a Cautious Upside
• Neutral Sentiment: Investors are awaiting the next major catalyst. Seagate is scheduled to release fiscal first-quarter 2027 results after the market closes on October 27, followed by an investor conference call. The report will provide updated evidence on demand, pricing, margins and whether AI-related storage growth is offsetting supply concerns. Seagate to Report Fiscal First Quarter 2027 Results
• Negative Sentiment: China-related competition and supply fears are weighing on sentiment. Reports of design breakthroughs in China prompted investors to reassess expectations for tight memory and chip supplies, sending Seagate and Western Digital lower alongside other memory stocks. The pressure reflects concerns that improved supply or competing technology could weaken pricing power and industry growth expectations. Seagate and Western Digital Shares Plummet
• Negative Sentiment: Valuation and volatility amplify the selloff. Seagate has experienced a sharp recent decline despite analysts largely maintaining earnings estimates. With a high valuation and a beta above 2, investors appear to be taking profits and demanding more evidence that rapid AI-related growth can justify the stock’s previous gains. Seagate Tests Valuation as Supply Chain Fears Hit Sentiment

Seagate Technology Company Profile

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.