Seagate Technology Holdings PLC $STX Stock Acquired by Russell Investments Group Ltd.

Russell Investments Group Ltd. grew its position in shares of Seagate Technology Holdings PLC (NASDAQ:STX) by 8.0% in the third quarter, according to its most recent filing with the SEC. The fund owned 748,798 shares of the data storage provider’s stock after acquiring an additional 55,404 shares during the quarter. Seagate Technology comprises approximately 0.6% of Russell Investments Group Ltd.’s holdings, making the stock its 16th largest holding. Russell Investments Group Ltd.’s holdings in Seagate Technology were worth $690,316,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Retirement Wealth Solutions LLC increased its position in Seagate Technology by 70.6% in the second quarter. Retirement Wealth Solutions LLC now owns 29 shares of the data storage provider’s stock worth $28,000 after purchasing an additional 12 shares during the last quarter. Signature Equity Partners LLC raised its stake in Seagate Technology by 383.3% during the third quarter. Signature Equity Partners LLC now owns 29 shares of the data storage provider’s stock valued at $27,000 after purchasing an additional 23 shares in the last quarter. Jones Financial Companies Lllp purchased a new stake in Seagate Technology during the second quarter valued at $39,000. One River Asset Management LLC lifted its position in Seagate Technology by 50.0% during the third quarter. One River Asset Management LLC now owns 45 shares of the data storage provider’s stock valued at $42,000 after purchasing an additional 15 shares during the last quarter. Finally, Creative Capital Management Investments LLC lifted its position in Seagate Technology by 104.5% during the third quarter. Creative Capital Management Investments LLC now owns 45 shares of the data storage provider’s stock valued at $42,000 after purchasing an additional 23 shares during the last quarter. 92.87% of the stock is currently owned by institutional investors.

Seagate Technology Stock Performance

NASDAQ:STX opened at $545.14 on Friday. The stock’s fifty day moving average is $746.01 and its 200 day moving average is $697.37. Seagate Technology Holdings PLC has a fifty-two week low of $228.61 and a fifty-two week high of $1,145.00. The firm has a market capitalization of $125.14 billion, a PE ratio of 28.63 and a beta of 2.16. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.25 and a current ratio of 1.82.

Seagate Technology (NASDAQ:STX) last issued its quarterly earnings results on Tuesday, October 27th. The data storage provider reported $7.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $7.44 by $0.24. The company had revenue of $4.23 billion during 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%. Seagate Technology’s revenue was up 61.0% on a year-over-year basis. During the same period last year, the company earned $2.61 earnings per share. On average, sell-side analysts anticipate that Seagate Technology Holdings PLC will post 37.96 earnings per share for the current year.

Seagate Technology Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 7th. Stockholders of record on Wednesday, December 23rd will be issued a $0.76 dividend. This is a boost from Seagate Technology’s previous quarterly dividend of $0.74. The ex-dividend date is Wednesday, December 23rd. This represents a $3.04 annualized dividend and a dividend yield of 0.6%. Seagate Technology’s dividend payout ratio (DPR) is 15.55%.

More Seagate Technology News

Investors following STX have been watching these news items:

• Positive Sentiment: CoreWeave beat expectations and raised its 2026 guidance, reviving confidence that AI data-center construction will sustain demand for Seagate’s nearline storage products. Seagate Stocks Jump as CoreWeave Results Revive Nearline Storage Demand
• Positive Sentiment: A Morgan Stanley analysis points to potential recovery upside, citing the gap between Seagate’s strong sales growth and its recent share-price decline. Morgan Stanley Sees Potential Rebound
• Negative Sentiment: The rally follows a sharp multi-month selloff, and investors remain divided on whether the AI-related bounce can last; its durability may depend on how data-center investment is financed. Storage Stocks Rebound as CoreWeave Revives AI Trade

Insider Transactions at Seagate Technology

In related news, EVP James Lee sold 547 shares of Seagate Technology stock in a transaction dated Friday, October 23rd. The shares were sold at an average price of $642.14, for a total transaction of $351,250.58. Following the completion of the transaction, the executive vice president directly owned 1,037 shares of the company’s stock, valued at approximately $665,899.18. The trade was a 34.53% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP John Morris sold 2,675 shares of the company’s stock in a transaction dated Friday, October 30th. The shares were sold at an average price of $650.15, for a total transaction of $1,739,151.25. Following the transaction, the executive vice president owned 20,933 shares in the company, valued at $13,609,589.95. The trade was a 11.33% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 439,747 shares of company stock worth $349,271,735. 0.51% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on STX shares. Susquehanna dropped their price objective on shares of Seagate Technology from $925.00 to $765.00 and set a “neutral” rating for the company in a research note on Wednesday, October 28th. TD Cowen decreased their target price on shares of Seagate Technology from $1,000.00 to $900.00 and set a “buy” rating on the stock in a research report on Wednesday, October 28th. Citigroup decreased their target price on shares of Seagate Technology from $1,300.00 to $1,050.00 and set a “buy” rating on the stock in a research report on Wednesday, October 28th. Evercore reaffirmed an “outperform” rating on shares of Seagate Technology in a report on Wednesday, October 28th. Finally, Weiss Ratings lowered Seagate Technology from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, November 2nd. Twenty-three equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $1,000.88.

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.