2,869 Seagate Technology Holdings PLC $STX Shares Sold by Artemis Investment Management LLP

Artemis Investment Management LLP reduced its stake in Seagate Technology Holdings PLC (NASDAQ:STX) by 2.6% during the third quarter, HoldingsChannel reports. The firm owned 109,550 shares of the data storage provider’s stock after selling 2,869 shares during the quarter. Artemis Investment Management LLP’s holdings in Seagate Technology were worth $101,042,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Apella Capital LLC boosted its holdings in shares of Seagate Technology by 14.9% during the 3rd quarter. Apella Capital LLC now owns 564 shares of the data storage provider’s stock valued at $520,000 after acquiring an additional 73 shares in the last quarter. Avidian Wealth Enterprises LLC increased its holdings in Seagate Technology by 1.0% in the 3rd quarter. Avidian Wealth Enterprises LLC now owns 5,058 shares of the data storage provider’s stock worth $4,665,000 after purchasing an additional 49 shares in the last quarter. Valeo Financial Advisors LLC raised its position in Seagate Technology by 4.8% in the third quarter. Valeo Financial Advisors LLC now owns 2,132 shares of the data storage provider’s stock valued at $1,966,000 after purchasing an additional 97 shares during the last quarter. Venture Visionary Partners LLC boosted its stake in shares of Seagate Technology by 90.6% during the third quarter. Venture Visionary Partners LLC now owns 1,799 shares of the data storage provider’s stock valued at $1,660,000 after purchasing an additional 855 shares in the last quarter. Finally, Retirement Wealth Solutions LLC boosted its stake in shares of Seagate Technology by 44.8% during the third quarter. Retirement Wealth Solutions LLC now owns 42 shares of the data storage provider’s stock valued at $39,000 after purchasing an additional 13 shares in the last quarter. Institutional investors own 92.87% of the company’s stock.

Seagate Technology News Roundup

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

• Positive Sentiment: AI workloads continue to generate substantial demand for economical, high-capacity storage, supporting the case for an HDD upcycle. Analysts comparing Seagate with Western Digital view data-center and AI storage growth as a potential long-term catalyst. Seagate vs. Western Digital: Which HDD Stock Has More Room to Run?
• Positive Sentiment: Seagate recently delivered better-than-expected quarterly results, with revenue up 48.5% year over year and EPS exceeding consensus estimates. Its dividend payment also reinforces the company’s shareholder-return appeal, although income is not the primary driver of today’s trading. HP, Merck, and Seagate Just Paid Their Shareholders
• Neutral Sentiment: Investors are also looking ahead to Seagate’s next quarterly report and guidance for evidence that elevated AI-related storage demand can justify the stock’s high valuation. What to Expect From Seagate Technology’s Next Quarterly Earnings Report
• Negative Sentiment: Toshiba’s reported plan to expand AI-focused HDD production has intensified fears of additional industry supply and price competition. That development is the main catalyst behind the recent sell-off in Seagate and other HDD stocks. Toshiba Just Issued a Major Warning to Seagate Stock
• Negative Sentiment: Reports that Seagate and Toshiba are competing to acquire TDK’s magnetic-head business add uncertainty. Investors may view the bidding activity as a sign of intensifying competition for a strategically important HDD component. Seagate and Western Digital Stocks Are Falling Again
• Negative Sentiment: Weak preliminary results from Samsung have cooled the broader memory trade, encouraging profit-taking in high-flying AI-related semiconductor and storage stocks. Seagate’s elevated valuation makes it particularly sensitive to changes in sector sentiment. The Memory Trade Cools After Samsung’s Preliminary Results Disappoint

Wall Street Analyst Weigh In

Several research firms have recently issued reports on STX. China Renaissance upped their price objective on Seagate Technology from $802.00 to $983.00 in a research note on Friday, June 12th. Wells Fargo & Company lifted their target price on shares of Seagate Technology from $1,100.00 to $1,180.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 29th. Wall Street Zen raised shares of Seagate Technology from a “buy” rating to a “strong-buy” rating in a report on Saturday, September 26th. Fox Advisors cut shares of Seagate Technology from an “overweight” rating to an “equal weight” rating in a research report on Monday, June 22nd. Finally, Melius Research began coverage on shares of Seagate Technology in a report on Monday, June 29th. They set a “buy” rating and a $1,600.00 price target on the stock. Twenty-two analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $986.00.

Seagate Technology Trading Down 3.9%

Shares of NASDAQ STX traded down $31.12 during midday trading on Thursday, reaching $776.45. The stock had a trading volume of 2,282,041 shares, compared to its average volume of 4,362,964. The company’s 50 day moving average price is $858.09 and its 200 day moving average price is $788.17. The company has a debt-to-equity ratio of 1.56, a quick ratio of 1.17 and a current ratio of 1.67. Seagate Technology Holdings PLC has a twelve month low of $209.00 and a twelve month high of $1,145.00. The firm has a market cap of $176.56 billion, a price-to-earnings ratio of 55.70 and a beta of 2.06.

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

Seagate Technology Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 7th. Stockholders of record on Thursday, September 24th were given a $0.74 dividend. The ex-dividend date of this dividend was 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%.

Insiders Place Their Bets

In other news, EVP John Morris sold 15,466 shares of the business’s stock in a transaction dated Tuesday, September 15th. The stock was sold at an average price of $772.15, for a total value of $11,942,071.90. Following the transaction, the executive vice president directly owned 31,132 shares of the company’s stock, valued at $24,038,573.80. The trade was a 33.19% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available 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 the company’s stock in a transaction dated Tuesday, September 15th. The shares were sold at an average price of $772.16, for a total value of $38,595,645.44. Following the sale, the chief financial officer owned 70,756 shares in the company, valued at approximately $54,634,952.96. The trade was a 41.40% decrease in their position. 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. In the last quarter, insiders sold 466,959 shares of company stock valued at $378,840,741. Insiders own 0.51% of the company’s stock.

About Seagate Technology

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.