Seagate Technology Holdings PLC $STX Shares Acquired by Wellington Management Group LLP

Wellington Management Group LLP lifted its stake in shares of Seagate Technology Holdings PLC (NASDAQ:STX) by 2,655.9% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 2,414,136 shares of the data storage provider’s stock after buying an additional 2,326,538 shares during the quarter. Wellington Management Group LLP’s holdings in Seagate Technology were worth $2,329,641,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Rakuten Securities Inc. raised its stake in Seagate Technology by 884.2% during the second quarter. Rakuten Securities Inc. now owns 187 shares of the data storage provider’s stock valued at $27,000 after buying an additional 168 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC lifted its holdings in Seagate Technology by 23.1% during the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 80 shares of the data storage provider’s stock worth $31,000 after buying an additional 15 shares during the last quarter. Quarry LP acquired a new position in shares of Seagate Technology in the 4th quarter worth approximately $31,000. WealthCollab LLC grew its position in shares of Seagate Technology by 27.4% in the 1st quarter. WealthCollab LLC now owns 93 shares of the data storage provider’s stock worth $36,000 after acquiring an additional 20 shares in the last quarter. Finally, University of Texas Texas AM Investment Management Co. bought a new stake in shares of Seagate Technology in the 4th quarter valued at approximately $37,000. 92.87% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting Seagate Technology

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

• Positive Sentiment: One bullish analysis argues that the pullback creates an attractive entry point, with strong hyperscaler demand, increasing adoption of Seagate’s heat-assisted magnetic recording (HAMR) technology and improving margins supporting continued earnings growth. The article estimates as much as 36% potential upside. Seagate buy-the-dip analysis
• Positive Sentiment: NVIDIA’s strong quarterly results and continuing AI infrastructure spending were cited as potential catalysts for storage companies, including STX. Rising data-center workloads could increase demand for Seagate’s high-capacity hard drives. Zacks storage stocks analysis
• Positive Sentiment: Seagate accepted Change Agents Corporation into its partner program, expanding access to its AI infrastructure ecosystem. The announcement is strategically supportive, although the immediate financial contribution is not disclosed. Seagate Partner Program announcement
• Neutral Sentiment: Management’s upcoming investor appearances, including The Six Five Summit: AI Unleashed 2026, could provide additional details on AI-related products, partnerships and demand, but no new financial guidance was announced. Six Five Summit presentation
• Negative Sentiment: A more cautious Seeking Alpha view says it is not yet time to be aggressive, warning that consolidation may continue after STX’s major run-up. The stock’s elevated valuation and high volatility leave it vulnerable to profit-taking if growth expectations moderate. Seagate consolidation analysis
• Negative Sentiment: Executive James Ci Lee sold 9,013 shares worth approximately $7.16 million, reducing his direct position by more than 96%. The sale occurred under a pre-arranged Rule 10b5-1 plan, which limits its value as a discretionary bearish signal but may still weigh on sentiment. SEC insider sale filing

Insider Activity at Seagate Technology

In other Seagate Technology news, CFO Gianluca Romano sold 14,091 shares of the company’s stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $811.25, for a total value of $11,431,323.75. Following the completion of the sale, the chief financial officer directly owned 21,543 shares in the company, valued at $17,476,758.75. This represents a 39.54% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO William D. Mosley sold 20,657 shares of the stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $910.48, for a total value of $18,807,785.36. Following the transaction, the chief executive officer directly owned 320,860 shares of the company’s stock, valued at approximately $292,136,612.80. The trade was a 6.05% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 193,765 shares of company stock worth $166,634,842 over the last quarter. 0.79% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Evercore upped their price target on Seagate Technology from $750.00 to $1,000.00 and gave the company an “outperform” rating in a research report on Tuesday, May 12th. Mizuho lifted their price objective on shares of Seagate Technology from $875.00 to $1,090.00 and gave the stock an “outperform” rating in a report on Monday, June 8th. Sanford C. Bernstein reiterated an “outperform” rating and set a $1,350.00 target price on shares of Seagate Technology in a research note on Wednesday, July 29th. TD Cowen increased their target price on shares of Seagate Technology from $850.00 to $1,000.00 and gave the stock a “buy” rating in a report on Wednesday, July 29th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Seagate Technology in a research report on Wednesday, June 24th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $986.00.

Seagate Technology Price Performance

Shares of STX opened at $829.76 on Friday. Seagate Technology Holdings PLC has a one year low of $163.86 and a one year high of $1,145.00. The stock’s fifty day moving average is $870.89 and its 200-day moving average is $695.65. The company has a debt-to-equity ratio of 1.56, a quick ratio of 1.17 and a current ratio of 1.67. The firm has a market capitalization of $188.07 billion, a price-to-earnings ratio of 59.78 and a beta of 2.06.

Seagate Technology (NASDAQ:STX) last released its earnings results on Tuesday, July 28th. The data storage provider reported $5.71 EPS for the quarter, beating the consensus estimate of $5.10 by $0.61. Seagate Technology had a net margin of 26.11% and a return on equity of 369.98%. The firm had revenue of $3.63 billion for the quarter, compared to analysts’ expectations of $3.50 billion. During the same quarter last year, the company earned $2.59 EPS. Seagate Technology’s quarterly revenue was up 48.5% on a year-over-year basis. Seagate Technology has set its Q1 2027 guidance at 7.100-7.500 EPS. Equities analysts anticipate that Seagate Technology Holdings PLC will post 35.7 EPS for the current year.

Seagate Technology Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 7th. Stockholders of record on Thursday, September 24th will be issued a $0.74 dividend. The ex-dividend date is Thursday, September 24th. This represents a $2.96 annualized dividend and a dividend yield of 0.4%. Seagate Technology’s dividend payout ratio (DPR) is 21.33%.

Seagate Technology 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.