8,453 Seagate Technology Holdings PLC $STX Shares Purchased by Gunderson Capital Management LLC

Gunderson Capital Management LLC boosted its position in shares of Seagate Technology Holdings PLC (NASDAQ:STX) by 67.5% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 20,971 shares of the data storage provider’s stock after acquiring an additional 8,453 shares during the quarter. Seagate Technology comprises about 5.2% of Gunderson Capital Management LLC’s portfolio, making the stock its largest position. Gunderson Capital Management LLC’s holdings in Seagate Technology were worth $19,342,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the company. Retirement Wealth Solutions LLC raised its stake in shares of 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. Jones Financial Companies Lllp purchased a new stake in Seagate Technology in the second quarter valued at approximately $39,000. Trust Co. of Vermont purchased a new stake in Seagate Technology in the second quarter valued at approximately $54,000. Triumph Capital Management boosted its position in Seagate Technology by 93.5% in the second quarter. Triumph Capital Management now owns 60 shares of the data storage provider’s stock valued at $58,000 after buying an additional 29 shares during the last quarter. Finally, Cornerstone Financial Management LLC increased its holdings in Seagate Technology by 109.7% in the 2nd quarter. Cornerstone Financial Management LLC now owns 65 shares of the data storage provider’s stock worth $63,000 after buying an additional 34 shares during the period. Hedge funds and other institutional investors own 92.87% of the company’s stock.

Seagate Technology Price Performance

Shares of Seagate Technology stock traded down $40.88 on Thursday, hitting $672.66. The company’s stock had a trading volume of 3,691,561 shares, compared to its average volume of 4,381,869. 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 1 year low of $209.00 and a 1 year high of $1,145.00. The firm has a fifty day moving average price of $849.09 and a 200-day moving average price of $800.42. The company has a market capitalization of $152.96 billion, a price-to-earnings ratio of 48.49 and a beta of 2.06.

Seagate Technology (NASDAQ:STX) last released its quarterly 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 company had revenue of $3.63 billion during the quarter, compared to analysts’ expectations of $3.50 billion. Seagate Technology had a return on equity of 369.98% and a net margin of 26.11%. Seagate Technology’s quarterly revenue was up 48.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.59 EPS. Seagate Technology has set its Q1 2027 guidance at 7.100-7.500 EPS. As a group, sell-side analysts anticipate that Seagate Technology Holdings PLC will post 35.70 earnings per share for the current fiscal year.

Seagate Technology Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 7th. Stockholders of record on Thursday, September 24th were paid a dividend of $0.74 per share. This represents a $2.96 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend was Thursday, September 24th. Seagate Technology’s dividend payout ratio is presently 21.33%.

Seagate Technology News Summary

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

• Positive Sentiment: Seagate may have a long-term growth runway as cloud providers and AI data centers generate rapidly expanding storage requirements. The company’s own demand trends appear stronger than the recent sector sell-off suggests. Seagate Could Have a Long Runway as Data Storage Demand Explodes
• Positive Sentiment: Analysts continue to point to Seagate’s improving earnings, AI exposure and HAMR technology as longer-term positives. Higher-capacity drives, including 44TB products and planned 100TB drives, could help data centers store more information while reducing equipment and operating requirements. Fiscal 2026 sales rose 34% to $12.2 billion, adjusted operating margin reached 36.5%, and free cash flow increased sharply. Seagate’s Improving Earnings Support a Cautious Upside
• Neutral Sentiment: Seagate is scheduled to report fiscal first-quarter 2027 results after the market closes on October 27. Investors will focus on whether demand, pricing and guidance support the company’s previously strong outlook. Seagate Technology to Report Fiscal First Quarter 2027 Financial Results on October 27, 2026
• Negative Sentiment: Recent reports of technological breakthroughs in China and concerns about future chip and memory supply have triggered a broad sell-off in Seagate and Western Digital. A rival’s move also rattled the hard-drive sector, increasing concerns about competition, supply dynamics and elevated valuation despite unchanged earnings estimates. Seagate and Western Digital Shares Plummet, What You Need To Know

Analyst Ratings Changes

A number of equities analysts have issued reports on STX shares. Susquehanna raised their price target on shares of Seagate Technology from $775.00 to $875.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 29th. Wells Fargo & Company upped their price objective on shares of Seagate Technology from $1,100.00 to $1,180.00 and gave the company an “overweight” rating in a report on Wednesday, July 29th. Rosenblatt Securities upped their price target on shares of Seagate Technology from $1,300.00 to $1,400.00 and gave the company a “buy” rating in a report on Wednesday, July 29th. Zacks Research lowered Seagate Technology from a “strong-buy” rating to a “hold” rating in a report on Monday, September 28th. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating and set a $1,350.00 price objective on shares of Seagate Technology in a research note on Wednesday, July 29th. Twenty-two equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Seagate Technology currently has an average rating of “Moderate Buy” and a consensus price target of $986.00.

Insiders Place Their Bets

In related news, EVP Ban Teh sold 52,730 shares of the firm’s 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 approximately $4,543,884.80. This trade represents a 90.08% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP John Morris sold 15,466 shares of Seagate Technology 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 completion of the sale, the executive vice president owned 31,132 shares in the company, valued at approximately $24,038,573.80. The trade was a 33.19% decrease in their ownership of the stock. 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 90 days, insiders sold 466,959 shares of company stock valued at $378,840,741. Corporate 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.