Seagate Technology Holdings PLC $STX Holdings Decreased by Howard Capital Management Inc.

Howard Capital Management Inc. cut its position in shares of Seagate Technology Holdings PLC (NASDAQ:STX) by 77.2% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 914 shares of the data storage provider’s stock after selling 3,101 shares during the quarter. Howard Capital Management Inc.’s holdings in Seagate Technology were worth $216,000 at the end of the most recent reporting period.

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

Insider Buying and Selling

In other news, EVP James Ci Lee sold 673 shares of the firm’s stock in a transaction dated Monday, January 26th. The shares were sold at an average price of $348.85, for a total transaction of $234,776.05. Following the completion of the transaction, the executive vice president owned 257 shares in the company, valued at approximately $89,654.45. This trade represents a 72.37% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 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 transaction of $422,625.72. Following the completion of the sale, the executive vice president 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 102,856 shares of company stock worth $29,018,513 in the last ninety days. Insiders own 0.79% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on STX shares. KeyCorp set a $500.00 price objective on Seagate Technology in a research note on Wednesday. Evercore ISI upped their price target on shares of Seagate Technology from $330.00 to $450.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 28th. Benchmark lifted their price objective on shares of Seagate Technology from $255.00 to $325.00 and gave the company a “buy” rating in a research report on Tuesday, December 16th. China Renaissance boosted their target price on shares of Seagate Technology from $325.00 to $452.00 and gave the company a “buy” rating in a research note on Thursday, January 15th. Finally, Robert W. Baird raised their price target on shares of Seagate Technology from $270.00 to $505.00 and gave the company an “outperform” rating in a research note on Thursday. One research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $417.57.

Seagate Technology Price Performance

NASDAQ STX opened at $407.69 on Monday. Seagate Technology Holdings PLC has a 12 month low of $63.19 and a 12 month high of $457.84. The firm has a market capitalization of $87.07 billion, a PE ratio of 46.12, a P/E/G ratio of 0.94 and a beta of 1.62. The company’s 50 day simple moving average is $304.66 and its 200 day simple moving average is $239.69. The company has a debt-to-equity ratio of 7.63, a current ratio of 1.12 and a quick ratio of 0.72.

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

Seagate Technology Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 8th. Shareholders of record on Wednesday, March 25th will be given a $0.74 dividend. The ex-dividend date is Wednesday, March 25th. This represents a $2.96 annualized dividend and a yield of 0.7%. Seagate Technology’s payout ratio is 33.48%.

Key Stories Impacting Seagate Technology

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

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.