Keybank National Association OH Sells 8,289 Shares of Seagate Technology Holdings PLC $STX

Keybank National Association OH reduced its position in shares of Seagate Technology Holdings PLC (NASDAQ:STX) by 14.0% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 50,969 shares of the data storage provider’s stock after selling 8,289 shares during the quarter. Keybank National Association OH’s holdings in Seagate Technology were worth $12,032,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Harbor Asset Planning Inc. bought a new stake in shares of Seagate Technology during the 2nd quarter valued at $27,000. Rakuten Securities Inc. grew 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 bought a new stake in Seagate Technology in the second quarter valued at about $29,000. First Horizon Corp acquired a new position in Seagate Technology in the third quarter valued at about $33,000. Finally, GoalVest Advisory LLC boosted its holdings in Seagate Technology by 30.6% during the second quarter. GoalVest Advisory LLC now owns 320 shares of the data storage provider’s stock worth $46,000 after buying an additional 75 shares during the last quarter. 92.87% of the stock is owned by institutional investors.

More Seagate Technology News

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

• Positive Sentiment: Q2 beat and raised guidance — Seagate topped EPS and revenue expectations and issued stronger Q3 EPS guidance, which is the primary fundamental catalyst for the rally. Seagate Q2 Highlights
• Positive Sentiment: “Sold out through 2026” demand commentary — Management said AI-driven data-center demand has Seagate effectively sold out, supporting revenue visibility and pricing power for nearline HDD capacity. Seagate Sold Out Through 2026
• Positive Sentiment: Earnings-estimate momentum — Analysts have been raising earnings estimates for STX, supporting further upside expectations. Earnings Estimates Rising for Seagate (STX)
• Positive Sentiment: Multiple price-target/rating upgrades — Several brokers (Argus, Citigroup, Evercore, Robert W. Baird, Cantor, etc.) raised targets and/or upgraded ratings after the print, amplifying momentum and institutional flows. Argus Adjusts Price Target on Seagate
• Neutral Sentiment: Dividend maintained — Company declared a quarterly dividend (modest yield ~0.7%); shareholder-friendly but not a primary driver of the move.
• Neutral Sentiment: Mixed analyst views remain — while many houses hiked targets, a subset of major banks still show more conservative targets, indicating differing views on how sustainable the rally and valuations are. Analyst Rating Coverage
• Negative Sentiment: Valuation/overbought warnings — Some commentary flags STX as potentially overbought with premium valuations after the run, which could invite profit-taking or a pullback. Seagate Suffers From AI Success
• Negative Sentiment: Insider sale — An EVP recently sold a small block of shares; while small relative to market cap, insider selling can be read negatively by some investors. SEC Form 4

Insider Buying and Selling

In other news, Director Yolanda Lee Conyers sold 750 shares of the business’s stock in a transaction on Tuesday, December 2nd. The shares were 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 $1,528,568.91. The trade was a 11.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Ban Seng Teh sold 1,412 shares of the stock in a transaction on Monday, January 12th. The stock was sold at an average price of $299.31, for a total transaction of $422,625.72. Following the transaction, the executive vice president owned 13,693 shares of the company’s stock, valued at $4,098,451.83. The trade was a 9.35% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 124,902 shares of company stock valued at $34,819,987 over the last ninety days. Insiders own 0.79% of the company’s stock.

Seagate Technology Price Performance

STX stock opened at $407.69 on Friday. The stock has a 50-day moving average price of $304.66 and a two-hundred day moving average price of $239.04. Seagate Technology Holdings PLC has a 1 year low of $63.19 and a 1 year high of $457.84. The stock has a market cap of $87.07 billion, a PE ratio of 46.12, a price-to-earnings-growth ratio of 1.06 and a beta of 1.60. The company has a current ratio of 1.12, a quick ratio of 0.62 and a debt-to-equity ratio of 7.63.

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

Seagate Technology Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Loop Capital upped their price target on Seagate Technology from $350.00 to $465.00 and gave the company a “buy” rating in a research note on Monday, November 10th. Cantor Fitzgerald upped their target price on shares of Seagate Technology from $400.00 to $500.00 and gave the company an “overweight” rating in a research note on Wednesday. Sanford C. Bernstein increased their target price on shares of Seagate Technology from $275.00 to $370.00 and gave the stock an “outperform” rating in a report on Thursday, November 6th. BNP Paribas Exane raised shares of Seagate Technology from a “neutral” rating to an “outperform” rating and set a $380.00 price target for the company in a report on Wednesday, January 21st. Finally, Benchmark raised their price objective on Seagate Technology from $255.00 to $325.00 and gave the stock a “buy” rating in a research note on Tuesday, December 16th. One research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $417.57.

About Seagate Technology

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.