Seagate Technology Holdings PLC $STX Shares Sold by Kwmg LLC

Kwmg LLC trimmed its position in shares of Seagate Technology Holdings PLC (NASDAQ:STX) by 11.9% in the third quarter, Holdings Channel reports. The fund owned 38,210 shares of the data storage provider’s stock after selling 5,161 shares during the quarter. Seagate Technology comprises approximately 2.6% of Kwmg LLC’s investment portfolio, making the stock its 9th biggest holding. Kwmg LLC’s holdings in Seagate Technology were worth $35,243,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in STX. Retirement Wealth Solutions LLC boosted its holdings in Seagate Technology by 70.6% during the 2nd quarter. Retirement Wealth Solutions LLC now owns 29 shares of the data storage provider’s stock worth $28,000 after acquiring an additional 12 shares during the last quarter. Bridgewater Advisors Inc. raised its holdings in shares of Seagate Technology by 0.9% in the first quarter. Bridgewater Advisors Inc. now owns 1,477 shares of the data storage provider’s stock valued at $579,000 after purchasing an additional 13 shares during the last quarter. Baker Tilly Wealth Management LLC raised its holdings in shares of Seagate Technology by 4.6% in the third quarter. Baker Tilly Wealth Management LLC now owns 319 shares of the data storage provider’s stock valued at $295,000 after purchasing an additional 14 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC lifted its position in shares of Seagate Technology by 23.1% during the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 80 shares of the data storage provider’s stock valued at $31,000 after purchasing an additional 15 shares in the last quarter. Finally, Blalock Williams LLC grew its holdings in shares of Seagate Technology by 2.6% in the second quarter. Blalock Williams LLC now owns 636 shares of the data storage provider’s stock valued at $614,000 after acquiring an additional 16 shares in the last quarter. 92.87% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Seagate Technology news, CFO Gianluca Romano sold 49,984 shares of the firm’s stock in a transaction dated Tuesday, September 15th. The stock was sold at an average price of $772.16, for a total value of $38,595,645.44. Following the completion of the transaction, the chief financial officer owned 70,756 shares in the company, valued at $54,634,952.96. This trade represents a 41.40% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, EVP Ban Teh sold 52,730 shares of Seagate Technology stock in a transaction dated Tuesday, September 15th. The shares were sold at an average price of $782.08, for a total value of $41,239,078.40. Following the transaction, the executive vice president directly owned 5,810 shares of the company’s stock, valued at $4,543,884.80. The trade was a 90.08% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 466,959 shares of company stock worth $378,840,741. Company insiders own 0.51% of the company’s stock.

Seagate Technology Stock Performance

Shares of NASDAQ STX traded down $4.92 during midday trading on Wednesday, hitting $800.72. The company’s stock had a trading volume of 3,059,712 shares, compared to its average volume of 4,367,381. The firm has a market capitalization of $182.07 billion, a price-to-earnings ratio of 57.60 and a beta of 2.06. The company has a current ratio of 1.67, a quick ratio of 1.17 and a debt-to-equity ratio of 1.56. The stock has a fifty day moving average price of $857.23 and a 200 day moving average price of $785.54. Seagate Technology Holdings PLC has a one year low of $209.00 and a one year high of $1,145.00.

Seagate Technology (NASDAQ:STX) last released its quarterly earnings data on Tuesday, July 28th. The data storage provider reported $5.71 earnings per share for the quarter, beating analysts’ consensus estimates of $5.10 by $0.61. The business had revenue of $3.63 billion during the quarter, compared to analyst estimates of $3.50 billion. Seagate Technology had a net margin of 26.11% and a return on equity of 369.98%. Seagate Technology’s revenue was up 48.5% compared to the same quarter last year. During the same period in the previous year, the business earned $2.59 EPS. Seagate Technology has set its Q1 2027 guidance at 7.100-7.500 EPS. On average, research analysts forecast that Seagate Technology Holdings PLC will post 35.7 EPS for the current fiscal year.

Seagate Technology Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Wells Fargo & Company lifted their price target on Seagate Technology from $1,100.00 to $1,180.00 and gave the stock an “overweight” rating in a report on Wednesday, July 29th. Morgan Stanley increased their price target on shares of Seagate Technology from $1,035.00 to $1,187.00 and gave the company an “overweight” rating in a research report on Wednesday, July 29th. Susquehanna increased their target price on shares of Seagate Technology from $775.00 to $875.00 and gave the company a “neutral” rating in a research report on Wednesday, July 29th. Sanford C. Bernstein reiterated an “outperform” rating and issued a $1,350.00 price objective on shares of Seagate Technology in a research note on Wednesday, July 29th. Finally, Zacks Research lowered Seagate Technology from a “strong-buy” rating to a “hold” rating in a report on Monday, September 28th. Twenty-two investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $986.00.

Trending Headlines about Seagate Technology

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

• Positive Sentiment: AI data-center construction is driving strong demand for high-capacity HDDs, which offer lower-cost storage for the massive datasets created by AI workloads. This supports Seagate’s nearline-drive business and its growth outlook. Seagate vs. Western Digital: Which HDD Stock Has More Room to Run?
• Positive Sentiment: Some analysts argue that the earlier selloff was excessive because Seagate reportedly has nearline-drive contracts extending into 2027, potentially providing visibility despite near-term competitive concerns. Morgan Stanley also reportedly maintained a Buy rating. Morgan Stanley Remains a Buy on Seagate Tech
• Neutral Sentiment: Seagate is reportedly competing with Toshiba to acquire TDK’s magnetic-heads business. The deal could strengthen Seagate’s supply chain and technology position, but a bidding contest could require several billion dollars and increase execution and financial risks. Seagate, Western Digital stocks are falling again
• Negative Sentiment: Toshiba’s plan to double HDD production has revived fears that additional supply will weaken pricing, reduce scarcity and erode Seagate’s elevated margins. The news also pressured Western Digital, signaling a broader sector repricing. Seagate Stock Is Falling: The Hot Memory Play Has a Big Toshiba Problem
• Negative Sentiment: Chief Executive William Mosley’s reported sale of approximately $17.4 million in STX shares shortly before the Toshiba announcement has added to investor unease, even though the transaction does not by itself indicate a change in business fundamentals. Seagate CEO Sold $17.4 Million Before Toshiba Drop

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.