Columbia Asset Management Has $260,000 Position in Seagate Technology Holdings PLC $STX

Columbia Asset Management reduced its stake in shares of Seagate Technology Holdings PLC (NASDAQ:STX) by 71.8% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 1,100 shares of the data storage provider’s stock after selling 2,800 shares during the quarter. Columbia Asset Management’s holdings in Seagate Technology were worth $260,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of STX. Sivia Capital Partners LLC increased its position in Seagate Technology by 2.6% in the 3rd quarter. Sivia Capital Partners LLC now owns 1,865 shares of the data storage provider’s stock valued at $440,000 after acquiring an additional 47 shares in the last quarter. Magnus Financial Group LLC lifted its holdings in Seagate Technology by 2.9% during the 3rd quarter. Magnus Financial Group LLC now owns 1,755 shares of the data storage provider’s stock worth $414,000 after buying an additional 49 shares in the last quarter. Lee Johnson Capital Management LLC boosted its position in Seagate Technology by 0.9% in the 3rd quarter. Lee Johnson Capital Management LLC now owns 5,546 shares of the data storage provider’s stock valued at $1,309,000 after buying an additional 50 shares during the last quarter. Dynamic Advisor Solutions LLC increased its stake in shares of Seagate Technology by 3.8% in the 3rd quarter. Dynamic Advisor Solutions LLC now owns 1,446 shares of the data storage provider’s stock valued at $341,000 after buying an additional 53 shares during the period. Finally, Cornerstone Wealth Group LLC lifted its stake in shares of Seagate Technology by 1.7% during the third quarter. Cornerstone Wealth Group LLC now owns 3,510 shares of the data storage provider’s stock valued at $829,000 after acquiring an additional 57 shares during the period. Institutional investors and hedge funds own 92.87% of the company’s stock.

Seagate Technology Stock Performance

Shares of STX opened at $407.69 on Friday. The firm has a market cap of $87.07 billion, a P/E ratio of 46.12, a PEG ratio of 1.06 and a beta of 1.60. Seagate Technology Holdings PLC has a twelve month low of $63.19 and a twelve month high of $457.84. The company has a debt-to-equity ratio of 7.63, a quick ratio of 0.62 and a current ratio of 1.12. The firm’s 50 day moving average price is $304.66 and its two-hundred day moving average price is $238.42.

Seagate Technology (NASDAQ:STX) last announced its earnings results on Tuesday, January 27th. The data storage provider reported $3.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.77 by $0.34. The business had revenue of $2.83 billion for the quarter, compared to analyst estimates of $2.73 billion. Seagate Technology had a negative return on equity of 936.38% and a net margin of 19.59%.Seagate Technology’s revenue for the quarter was up 21.5% compared to the same quarter last year. During the same quarter last year, the firm earned $2.03 EPS. Seagate Technology has set its Q3 2026 guidance at 3.200-3.600 EPS. On average, analysts forecast that Seagate Technology Holdings PLC will post 6.83 EPS for the current fiscal year.

Seagate Technology Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 8th. Investors of record on Wednesday, March 25th will be issued a dividend of $0.74 per share. This represents a $2.96 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Wednesday, March 25th. Seagate Technology’s payout ratio is presently 33.48%.

Analyst Ratings Changes

STX has been the subject of several recent research reports. Sanford C. Bernstein upped their target price on shares of Seagate Technology from $275.00 to $370.00 and gave the company an “outperform” rating in a research report on Thursday, November 6th. Rosenblatt Securities increased their target price on Seagate Technology from $370.00 to $500.00 and gave the company a “buy” rating in a research note on Wednesday. Evercore ISI upped their price target on Seagate Technology from $330.00 to $450.00 and gave the company an “outperform” rating in a research note on Wednesday. Barclays increased their price target on shares of Seagate Technology from $370.00 to $425.00 and gave the company an “equal weight” rating in a research report on Wednesday. Finally, Exane BNP Paribas raised shares of Seagate Technology from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 21st. One investment analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Seagate Technology presently has a consensus rating of “Moderate Buy” and a consensus price target of $417.57.

Key Seagate Technology News

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

• Positive Sentiment: Q2 beat and raised guidance — Seagate topped EPS and revenue expectations and issued stronger Q3 EPS guidance, which is the primary fundamental catalyst for the rally. Seagate Q2 Highlights
• Positive Sentiment: “Sold out through 2026” demand commentary — Management said AI-driven data-center demand has Seagate effectively sold out, supporting revenue visibility and pricing power for nearline HDD capacity. Seagate Sold Out Through 2026
• Positive Sentiment: Earnings-estimate momentum — Analysts have been raising earnings estimates for STX, supporting further upside expectations. Earnings Estimates Rising for Seagate (STX)
• Positive Sentiment: Multiple price-target/rating upgrades — Several brokers (Argus, Citigroup, Evercore, Robert W. Baird, Cantor, etc.) raised targets and/or upgraded ratings after the print, amplifying momentum and institutional flows. Argus Adjusts Price Target on Seagate
• Neutral Sentiment: Dividend maintained — Company declared a quarterly dividend (modest yield ~0.7%); shareholder-friendly but not a primary driver of the move.
• Neutral Sentiment: Mixed analyst views remain — while many houses hiked targets, a subset of major banks still show more conservative targets, indicating differing views on how sustainable the rally and valuations are. Analyst Rating Coverage
• Negative Sentiment: Valuation/overbought warnings — Some commentary flags STX as potentially overbought with premium valuations after the run, which could invite profit-taking or a pullback. Seagate Suffers From AI Success
• Negative Sentiment: Insider sale — An EVP recently sold a small block of shares; while small relative to market cap, insider selling can be read negatively by some investors. SEC Form 4

Insider Buying and Selling

In related news, CFO Gianluca Romano sold 54,021 shares of Seagate Technology stock in a transaction dated Wednesday, November 12th. The stock was sold at an average price of $285.16, for a total transaction of $15,404,628.36. Following the completion of the transaction, the chief financial officer owned 56,293 shares in the company, valued at approximately $16,052,511.88. This trade represents a 48.97% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Ban Seng Teh sold 1,412 shares of the business’s stock in a transaction that occurred on Monday, January 12th. The stock was sold at an average price of $299.31, for a total value of $422,625.72. Following the transaction, the executive vice president directly owned 13,693 shares in the company, valued at $4,098,451.83. The trade was a 9.35% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 124,902 shares of company stock worth $34,819,987 in the last 90 days. 0.79% of the stock is owned by corporate insiders.

About Seagate Technology

Seagate Technology (NASDAQ: STX) is a global data storage company that designs, manufactures and sells a broad range of storage products and systems. The firm’s product portfolio includes traditional hard disk drives (HDDs), solid-state drives (SSDs), hybrid storage devices and integrated storage systems aimed at enterprise, cloud, OEM and consumer markets. Seagate also provides services that support its hardware offerings, including data recovery and storage management solutions.

Seagate’s products are used in a wide array of applications, from large-scale data centers and cloud infrastructure to desktop and portable consumer devices.