Seagate Technology Holdings PLC $STX Stock Sold by National Wealth Management Group LLC

National Wealth Management Group LLC lowered its holdings in Seagate Technology Holdings PLC (NASDAQ:STX) by 28.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,988 shares of the data storage provider’s stock after selling 805 shares during the period. National Wealth Management Group LLC’s holdings in Seagate Technology were worth $1,834,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of STX. Wellington Management Group LLP raised its stake in shares of Seagate Technology by 2,655.9% during the 2nd quarter. Wellington Management Group LLP now owns 2,414,136 shares of the data storage provider’s stock worth $2,329,641,000 after purchasing an additional 2,326,538 shares during the period. Janus Henderson Group PLC grew its position in Seagate Technology by 3,872.1% during the first quarter. Janus Henderson Group PLC now owns 967,528 shares of the data storage provider’s stock valued at $378,985,000 after buying an additional 943,170 shares during the period. Swedbank AB grew its position in Seagate Technology by 67.6% during the first quarter. Swedbank AB now owns 709,160 shares of the data storage provider’s stock valued at $277,821,000 after buying an additional 285,949 shares during the period. Amundi grew its position in Seagate Technology by 32.2% during the first quarter. Amundi now owns 965,565 shares of the data storage provider’s stock valued at $378,267,000 after buying an additional 235,359 shares during the period. Finally, Hsbc Holdings PLC increased its holdings in Seagate Technology by 119.7% during the first quarter. Hsbc Holdings PLC now owns 378,527 shares of the data storage provider’s stock worth $147,753,000 after buying an additional 206,196 shares during the last quarter. Institutional investors own 92.87% of the company’s stock.

Trending Headlines about Seagate Technology

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

• Positive Sentiment: Analysts expect Seagate to potentially beat its fiscal first-quarter 2027 outlook, supported by strong hard-disk-drive demand, higher pricing, and growth in its Mozaic technology. The company’s guidance calls for earnings per share of $7.10 to $7.50. Seagate Technology Q1 preview: Analysts project earnings beat amid strong HDD demand
• Positive Sentiment: Seagate announced expanded interoperability between its high-capacity HAMR and SMR storage technologies and Broadcom’s systems, with validation at Microsoft Azure. The development could help hyperscale cloud and AI customers scale storage more efficiently. Seagate Simplifies High-Capacity Storage Scaling for AI and Cloud Infrastructure
• Positive Sentiment: Cantor Fitzgerald maintained an “overweight” rating despite reducing its price target to $1,000 from $1,300. The revised target still implies significant upside from the referenced share price, suggesting the firm views the recent decline as excessive relative to Seagate’s long-term prospects. Cantor Fitzgerald stock recommendations

Analysts Set New Price Targets

Several analysts have commented on the stock. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $1,350.00 price objective on shares of Seagate Technology in a research report on Wednesday, July 29th. TD Cowen boosted their target price on shares of Seagate Technology from $850.00 to $1,000.00 and gave the company a “buy” rating in a research note on Wednesday, July 29th. Cantor Fitzgerald reduced their target price on shares of Seagate Technology from $1,300.00 to $1,000.00 and set an “overweight” rating for the company in a research report on Monday. Citigroup raised their price target on shares of Seagate Technology from $1,240.00 to $1,300.00 and gave the stock a “buy” rating in a research note on Wednesday, July 29th. Finally, Zacks Research cut shares of Seagate Technology from a “strong-buy” rating to a “hold” rating in a report on Monday, September 28th. Twenty-two analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, Seagate Technology has a consensus rating of “Moderate Buy” and an average target price of $951.92.

Insider Buying and Selling at Seagate Technology

In other news, EVP James Lee sold 547 shares of Seagate Technology stock in a transaction dated Friday, October 23rd. The shares were sold at an average price of $642.14, for a total value of $351,250.58. Following the completion of the transaction, the executive vice president owned 1,037 shares in the company, valued at $665,899.18. This trade represents a 34.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Gianluca Romano sold 49,984 shares of Seagate Technology stock in a transaction dated Tuesday, September 15th. The stock was sold at an average price of $772.16, for a total transaction of $38,595,645.44. Following the completion of the transaction, the chief financial officer owned 70,756 shares of the company’s stock, valued at $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. Over the last 90 days, insiders sold 467,506 shares of company stock valued at $379,191,992. Insiders own 0.51% of the company’s stock.

Seagate Technology Stock Up 2.2%

Shares of NASDAQ STX opened at $644.21 on Tuesday. Seagate Technology Holdings PLC has a one year low of $217.67 and a one year high of $1,145.00. The company has a debt-to-equity ratio of 1.56, a current ratio of 1.67 and a quick ratio of 1.17. The business’s fifty day moving average price is $816.49 and its 200-day moving average price is $680.95. The stock has a market capitalization of $146.49 billion, a PE ratio of 46.41 and a beta of 2.06.

Seagate Technology (NASDAQ:STX) last posted its quarterly earnings results on Tuesday, July 28th. The data storage provider reported $5.71 earnings per share for the quarter, topping the consensus estimate of $5.10 by $0.61. Seagate Technology had a return on equity of 369.98% and a net margin of 26.11%. The company had revenue of $3.63 billion during the quarter, compared to the consensus estimate of $3.50 billion. During the same quarter in the prior year, the company earned $2.59 EPS. The firm’s quarterly revenue was up 48.5% compared to the same quarter last year. On average, equities research analysts anticipate that Seagate Technology Holdings PLC will post 35.79 EPS for the current year.

Seagate Technology Company Profile

Seagate Technology Holdings plc (NASDAQ: STX) is a data storage company that develops and manufactures mass-capacity storage products and solutions. Its portfolio is centered on hard disk drives (HDDs) used in cloud data centers, enterprise systems, network-attached storage, video and imaging applications, and personal computers.

The company also provides storage-related services and solutions designed to help organizations store, manage, protect, and access large volumes of digital information.