Seagate Technology Holdings PLC $STX Shares Bought by ProShare Advisors LLC

ProShare Advisors LLC boosted its position in Seagate Technology Holdings PLC (NASDAQ:STX) by 3.9% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 265,185 shares of the data storage provider’s stock after buying an additional 9,954 shares during the quarter. ProShare Advisors LLC owned approximately 0.12% of Seagate Technology worth $244,591,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of STX. Retirement Wealth Solutions LLC lifted its position 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 valued at $28,000 after buying an additional 12 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC boosted its holdings in shares of Seagate Technology by 23.1% in the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 80 shares of the data storage provider’s stock valued at $31,000 after purchasing an additional 15 shares in the last quarter. WealthCollab LLC raised its holdings in shares of Seagate Technology by 27.4% during the 1st quarter. WealthCollab LLC now owns 93 shares of the data storage provider’s stock worth $36,000 after buying an additional 20 shares in the last quarter. Catalyst Capital Advisors LLC bought a new stake in shares of Seagate Technology during the 1st quarter valued at approximately $39,000. Finally, Jones Financial Companies Lllp acquired a new position in shares of Seagate Technology during the second quarter worth $39,000. 92.87% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. TD Cowen lowered their target price on Seagate Technology from $1,000.00 to $900.00 and set a “buy” rating for the company in a report on Wednesday. Citigroup reduced their price target on Seagate Technology from $1,300.00 to $1,050.00 and set a “buy” rating on the stock in a report on Wednesday. Morgan Stanley lowered their price objective on Seagate Technology from $1,200.00 to $1,148.00 and set an “overweight” rating for the company in a research note on Wednesday. UBS Group dropped their price objective on shares of Seagate Technology from $780.00 to $750.00 and set a “neutral” rating for the company in a report on Wednesday. Finally, Argus boosted their price objective on shares of Seagate Technology from $750.00 to $900.00 and gave the stock a “buy” rating in a research note on Thursday, July 30th. Twenty-two analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, Seagate Technology has a consensus rating of “Moderate Buy” and a consensus price target of $1,000.88.

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 news, EVP John Morris sold 9,354 shares of the business’s stock in a transaction dated Monday, September 21st. The stock was sold at an average price of $877.91, for a total transaction of $8,211,970.14. Following the completion of the transaction, the executive vice president directly owned 22,693 shares of the company’s stock, valued at approximately $19,922,411.63. The trade was a 29.19% decrease in their ownership of the stock. 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 James Lee sold 547 shares of Seagate Technology stock in a transaction that occurred on Friday, October 23rd. The stock was sold at an average price of $642.14, for a total transaction of $351,250.58. Following the completion of the transaction, the executive vice president owned 1,037 shares of the company’s stock, valued at $665,899.18. This represents a 34.53% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 466,812 shares of company stock valued at $378,583,042. Insiders own 0.51% of the company’s stock.

Seagate Technology Price Performance

Shares of STX opened at $644.58 on Friday. The firm has a 50-day simple moving average of $799.09 and a two-hundred day simple moving average of $688.41. The stock has a market cap of $146.57 billion, a PE ratio of 33.85 and a beta of 2.06. Seagate Technology Holdings PLC has a 1-year low of $228.61 and a 1-year 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.

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

Seagate Technology Increases Dividend

The firm 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 represents a $3.04 dividend on an annualized basis and a dividend yield of 0.5%. This is an increase from Seagate Technology’s previous quarterly dividend of $0.74. The ex-dividend date is Wednesday, December 23rd. Seagate Technology’s dividend payout ratio (DPR) is presently 15.55%.

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.