1,301 Seagate Technology Holdings PLC $STX Shares Sold by Profund Advisors LLC

Profund Advisors LLC decreased its holdings in shares of Seagate Technology Holdings PLC (NASDAQ:STX) by 7.0% during the 3rd quarter, Holdings Channel.com reports. The fund owned 17,390 shares of the data storage provider’s stock after selling 1,301 shares during the period. Profund Advisors LLC’s holdings in Seagate Technology were worth $16,039,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Wellington Management Group LLP raised its position 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 stake in Seagate Technology by 3,872.1% during the 1st quarter. Janus Henderson Group PLC now owns 967,528 shares of the data storage provider’s stock worth $378,985,000 after buying an additional 943,170 shares during the last quarter. Swedbank AB increased its position in Seagate Technology by 67.6% in the first quarter. Swedbank AB now owns 709,160 shares of the data storage provider’s stock worth $277,821,000 after buying an additional 285,949 shares during the period. Amundi increased its position in Seagate Technology by 32.2% in the first quarter. Amundi now owns 965,565 shares of the data storage provider’s stock worth $378,267,000 after buying an additional 235,359 shares during the period. Finally, Hsbc Holdings PLC lifted its stake in Seagate Technology by 119.7% in the first quarter. Hsbc Holdings PLC now owns 378,527 shares of the data storage provider’s stock valued at $147,753,000 after buying an additional 206,196 shares during the last quarter. Institutional investors own 92.87% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on STX. Citigroup reduced their target price on shares of Seagate Technology from $1,300.00 to $1,050.00 and set a “buy” rating for the company in a research note on Wednesday. Susquehanna cut their price target on Seagate Technology from $925.00 to $765.00 and set a “neutral” rating on the stock in a report on Wednesday. Evercore reaffirmed an “outperform” rating on shares of Seagate Technology in a research note on Wednesday. Bank of America increased their price target on Seagate Technology from $1,150.00 to $1,200.00 and gave the stock a “buy” rating in a research note on Wednesday, October 21st. Finally, Summit Insights downgraded shares of Seagate Technology from a “buy” rating to a “hold” rating in a report on Wednesday. Twenty-two research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $1,000.88.

Seagate Technology Stock Down 8.0%

STX stock opened at $644.58 on Friday. Seagate Technology Holdings PLC has a 52-week low of $228.61 and a 52-week high of $1,145.00. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.82 and a quick ratio of 1.17. The firm has a market capitalization of $146.57 billion, a P/E ratio of 33.85 and a beta of 2.06. The company’s 50 day simple moving average is $799.09 and its 200-day simple moving average is $688.41.

Seagate Technology (NASDAQ:STX) last issued its earnings results on Tuesday, October 27th. The data storage provider reported $7.68 EPS for the quarter, topping the consensus estimate of $7.44 by $0.24. Seagate Technology had a return on equity of 252.47% and a net margin of 31.86%. The business had revenue of $4.23 billion during the quarter, compared to analysts’ expectations of $4.15 billion. During the same quarter last year, the firm posted $2.61 earnings per share. Seagate Technology’s revenue was up 61.0% compared to the same quarter last year. As a group, equities research analysts anticipate that Seagate Technology Holdings PLC will post 37.44 EPS for the current year.

Seagate Technology Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 7th. Investors of record on Wednesday, December 23rd will be issued a $0.76 dividend. This is an increase from Seagate Technology’s previous quarterly dividend of $0.74. This represents a $3.04 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date is Wednesday, December 23rd. Seagate Technology’s dividend payout ratio is currently 15.55%.

Key Headlines Impacting Seagate Technology

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

• Positive Sentiment: Seagate reported fiscal Q1 2027 revenue of approximately $4.23 billion, up 61% year over year, and non-GAAP EPS of $7.68, exceeding the $7.44 consensus estimate. Record free cash flow of roughly $1.5 billion, stronger pricing and robust mass-capacity demand support the company’s AI and cloud-storage growth outlook. Seagate Q1 Earnings Ride Record Cash Flow and AI Demand
• Positive Sentiment: Analysts continue to highlight Seagate’s exposure to expanding data-center capacity needs. Some commentary favors STX over Western Digital because of its higher return on equity, lower forward valuation and record cash generation. Western Digital vs. Seagate
• Positive Sentiment: Seagate announced a dividend increase, adding to its appeal for income-oriented investors during market volatility and ongoing inflation and interest-rate uncertainty. Stocks That Declared Dividend Hikes
• Positive Sentiment: Wedbush maintained an “Outperform” rating, while Morgan Stanley reportedly reduced its target but still sees substantial potential upside, indicating that some analysts view the pullback as an opportunity. Wedbush Outperform Rating
• Neutral Sentiment: The earnings response has been muted because elevated expectations appear to have been largely priced into STX after its substantial prior run. Investors are weighing excellent results against valuation, future growth assumptions and the sustainability of AI-driven demand. Post-Earnings Pullback
• Negative Sentiment: Seagate is declining alongside Sandisk, Western Digital and Micron in a broader semiconductor and memory-stock selloff, suggesting sector-wide profit-taking is outweighing the company’s earnings beat. Storage and Memory Stocks Sell Off
• Negative Sentiment: TD Cowen, Morgan Stanley, Citigroup, Susquehanna and Wells Fargo lowered their price targets or forecasts. Summit Insights also downgraded the stock, creating near-term pressure even though several firms remain constructive. TD Cowen Cuts Seagate Price Target

Insider Buying and Selling at Seagate Technology

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 transaction of $38,595,645.44. Following the transaction, the chief financial officer directly owned 70,756 shares in the company, valued at $54,634,952.96. This trade represents a 41.40% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, EVP John Morris sold 15,466 shares of the business’s stock in a transaction on Tuesday, September 15th. The stock was sold at an average price of $772.15, for a total transaction of $11,942,071.90. Following the transaction, the executive vice president directly owned 31,132 shares of the company’s stock, valued at approximately $24,038,573.80. This represents a 33.19% 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 90 days, insiders have sold 466,812 shares of company stock worth $378,583,042. Company insiders own 0.51% of the company’s stock.

Seagate Technology 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.