Seagate Technology Holdings PLC $STX Shares Sold by Keybank National Association OH

Keybank National Association OH lowered its position in Seagate Technology Holdings PLC (NASDAQ:STX) by 8.5% during the third quarter, HoldingsChannel.com reports. The fund owned 40,269 shares of the data storage provider’s stock after selling 3,743 shares during the quarter. Keybank National Association OH’s holdings in Seagate Technology were worth $37,142,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Csenge Advisory Group increased its position in shares of Seagate Technology by 6.8% in the third quarter. Csenge Advisory Group now owns 2,015 shares of the data storage provider’s stock valued at $1,858,000 after buying an additional 128 shares in the last quarter. 71 West Capital Partners raised its stake in shares of Seagate Technology by 3.7% during the 3rd quarter. 71 West Capital Partners now owns 1,699 shares of the data storage provider’s stock worth $1,567,000 after buying an additional 60 shares during the last quarter. United Capital Management of KS Inc. raised its stake in shares of Seagate Technology by 3.2% during the 3rd quarter. United Capital Management of KS Inc. now owns 13,390 shares of the data storage provider’s stock worth $12,350,000 after buying an additional 420 shares during the last quarter. Pinion Investment Advisors LLC boosted its position in shares of Seagate Technology by 39.8% in the 3rd quarter. Pinion Investment Advisors LLC now owns 1,039 shares of the data storage provider’s stock worth $958,000 after buying an additional 296 shares in the last quarter. Finally, AEGON ASSET MANAGEMENT UK Plc boosted its position in shares of Seagate Technology by 697.5% in the 3rd quarter. AEGON ASSET MANAGEMENT UK Plc now owns 28,903 shares of the data storage provider’s stock worth $26,658,000 after buying an additional 25,279 shares in the last quarter. 92.87% of the stock is owned by hedge funds and other institutional investors.

Seagate Technology Stock Performance

NASDAQ STX opened at $551.72 on Thursday. Seagate Technology Holdings PLC has a fifty-two week low of $228.61 and a fifty-two week high of $1,145.00. The stock has a market cap of $126.65 billion, a price-to-earnings ratio of 28.98 and a beta of 2.16. The business has a fifty day moving average of $751.28 and a 200-day 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.

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

Seagate Technology Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 7th. Investors of record on Wednesday, December 23rd will be paid a $0.76 dividend. This represents a $3.04 annualized dividend 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 dividend payout ratio is presently 15.55%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on STX shares. Morgan Stanley lowered their price objective on shares of Seagate Technology from $1,200.00 to $1,148.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 28th. Zacks Research cut shares of Seagate Technology from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 28th. Wall Street Zen upgraded shares of Seagate Technology from a “buy” rating to a “strong-buy” rating in a research report on Saturday, September 26th. Argus upped their price target on shares of Seagate Technology from $750.00 to $900.00 and gave the company a “buy” rating in a report on Thursday, July 30th. Finally, Cantor Fitzgerald lowered their price target on shares of Seagate Technology from $1,300.00 to $1,000.00 and set an “overweight” rating on the stock in a research report on Monday, October 26th. Twenty-three research 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 has an average rating of “Moderate Buy” and an average target price of $1,000.88.

Top Seagate Technology Stories

These are some of the STX stories 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

Insider Activity

In other Seagate Technology news, CEO William Mosley sold 97,889 shares of the firm’s stock in a transaction dated Tuesday, September 15th. The shares were sold at an average price of $772.14, for a total transaction of $75,584,012.46. Following the sale, the chief executive officer directly owned 378,108 shares of the company’s stock, valued at $291,952,311.12. This trade represents a 20.57% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Gianluca Romano sold 49,984 shares of Seagate Technology stock in a transaction dated Tuesday, September 15th. The stock was sold at an average price of $772.16, for a total transaction of $38,595,645.44. Following the sale, the chief financial officer owned 70,756 shares of the company’s stock, valued at approximately $54,634,952.96. This trade represents a 41.40% decrease in their ownership of the stock. 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 quarter, insiders sold 439,747 shares of company stock worth $349,271,735. Company insiders own 0.51% of the company’s stock.

About Seagate Technology

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.