10,480 Seagate Technology Holdings PLC $STX Shares Sold by VIRGINIA RETIREMENT SYSTEMS ET Al

VIRGINIA RETIREMENT SYSTEMS ET Al lessened its stake in shares of Seagate Technology Holdings PLC (NASDAQ:STX) by 8.6% during the 3rd quarter, Holdings Channel reports. The fund owned 111,699 shares of the data storage provider’s stock after selling 10,480 shares during the quarter. Seagate Technology comprises 0.6% of VIRGINIA RETIREMENT SYSTEMS ET Al’s portfolio, making the stock its 22nd largest holding. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in Seagate Technology were worth $103,024,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Retirement Wealth Solutions LLC grew its holdings 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 purchasing an additional 12 shares during the period. Jones Financial Companies Lllp purchased a new position in Seagate Technology during the second quarter worth about $39,000. One River Asset Management LLC boosted its holdings in Seagate Technology by 50.0% in the 3rd quarter. One River Asset Management LLC now owns 45 shares of the data storage provider’s stock valued at $42,000 after purchasing an additional 15 shares during the last quarter. Creative Capital Management Investments LLC boosted its holdings in Seagate Technology by 104.5% in the 3rd quarter. Creative Capital Management Investments LLC now owns 45 shares of the data storage provider’s stock valued at $42,000 after purchasing an additional 23 shares during the last quarter. Finally, Laurel Wealth Advisors LLC acquired a new position in Seagate Technology in the 3rd quarter valued at about $42,000. Institutional investors and hedge funds own 92.87% of the company’s stock.

Seagate Technology Trading Down 8.0%

NASDAQ STX opened at $644.58 on Friday. The firm’s 50-day moving average is $799.09 and its two-hundred day moving average is $688.41. Seagate Technology Holdings PLC has a 12 month low of $228.61 and a 12 month 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 stock has a market capitalization of $146.57 billion, a P/E ratio of 33.85 and a beta of 2.06.

Seagate Technology (NASDAQ:STX) last announced its quarterly earnings results on Tuesday, October 27th. The data storage provider reported $7.68 earnings per share for the quarter, beating 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 business had revenue of $4.23 billion during the quarter, compared to analysts’ expectations of $4.15 billion. During the same period last year, the business earned $2.61 earnings per share. The business’s revenue for the quarter was up 61.0% on a year-over-year basis. On average, sell-side analysts anticipate that Seagate Technology Holdings PLC will post 36.37 earnings per share for the current year.

Seagate Technology Increases Dividend

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

Analysts Set New Price Targets

Several research firms have recently weighed in on STX. Wells Fargo & Company dropped their price target on shares of Seagate Technology from $865.00 to $820.00 and set an “overweight” rating for the company in a research note on Wednesday. Robert W. Baird set a $1,350.00 price target on shares of Seagate Technology in a research report on Wednesday. Barclays upped their price objective on Seagate Technology from $1,000.00 to $1,250.00 and gave the company an “overweight” rating in a report on Thursday, July 30th. Rosenblatt Securities lowered their price objective on Seagate Technology from $1,400.00 to $1,100.00 and set a “buy” rating for the company in a research report on Monday. Finally, UBS Group cut their target price on Seagate Technology from $780.00 to $750.00 and set a “neutral” rating for the company in a research note on Wednesday. Twenty-two research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $1,000.88.

Insider Activity at Seagate Technology

In related news, EVP Ban Teh sold 52,730 shares of Seagate Technology stock in a transaction that occurred on Tuesday, September 15th. The shares were sold at an average price of $782.08, for a total value of $41,239,078.40. Following the completion of the sale, the executive vice president owned 5,810 shares in the company, valued at approximately $4,543,884.80. This trade represents a 90.08% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP John Morris sold 15,466 shares of Seagate Technology stock in a transaction that occurred on Tuesday, September 15th. The shares were sold at an average price of $772.15, for a total transaction of $11,942,071.90. Following the completion of the sale, the executive vice president owned 31,132 shares of the company’s stock, valued at $24,038,573.80. This trade represents a 33.19% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last 90 days, insiders sold 466,812 shares of company stock worth $378,583,042. Company insiders own 0.51% of the company’s stock.

Key Seagate Technology News

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

About Seagate Technology

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.