Seagate Technology Holdings PLC $STX Holdings Increased by Vise Technologies Inc.

Vise Technologies Inc. boosted its position in Seagate Technology Holdings PLC (NASDAQ:STX) by 14.4% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 9,069 shares of the data storage provider’s stock after purchasing an additional 1,145 shares during the quarter. Vise Technologies Inc.’s holdings in Seagate Technology were worth $8,365,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in STX. Wellington Management Group LLP grew its holdings in shares of Seagate Technology by 2,655.9% during the second quarter. Wellington Management Group LLP now owns 2,414,136 shares of the data storage provider’s stock worth $2,329,641,000 after buying an additional 2,326,538 shares in the last quarter. Janus Henderson Group PLC lifted its stake in shares of Seagate Technology by 3,872.1% in the first 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 in the last quarter. Swedbank AB raised its holdings in Seagate Technology by 67.6% in the 1st quarter. Swedbank AB now owns 709,160 shares of the data storage provider’s stock valued at $277,821,000 after acquiring an additional 285,949 shares during the last quarter. Amundi raised its holdings in Seagate Technology by 32.2% in the 1st quarter. Amundi now owns 965,565 shares of the data storage provider’s stock valued at $378,267,000 after acquiring an additional 235,359 shares during the last quarter. Finally, Hsbc Holdings PLC raised its holdings in Seagate Technology by 119.7% in the 1st quarter. Hsbc Holdings PLC now owns 378,527 shares of the data storage provider’s stock valued at $147,753,000 after acquiring an additional 206,196 shares during the last quarter. Hedge funds and other institutional investors own 92.87% of the company’s stock.

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

Seagate Technology Price Performance

Shares of STX stock opened at $644.58 on Monday. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.82 and a quick ratio of 1.25. The company has a market capitalization of $146.57 billion, a PE ratio of 33.85 and a beta of 2.06. 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.

Seagate Technology (NASDAQ:STX) last posted its quarterly earnings results on Tuesday, October 27th. The data storage provider reported $7.68 earnings per share for the quarter, beating the consensus estimate of $7.44 by $0.24. The business had revenue of $4.23 billion during the quarter, compared to analysts’ expectations of $4.15 billion. Seagate Technology had a net margin of 31.86% and a return on equity of 252.47%. The business’s revenue for the quarter was up 61.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.61 EPS. Analysts predict that Seagate Technology Holdings PLC will post 37.44 earnings per share 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 is a boost 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 payout ratio is currently 15.97%.

Analysts Set New Price Targets

A number of research firms have recently issued reports on STX. Morgan Stanley dropped their price target on Seagate Technology from $1,200.00 to $1,148.00 and set an “overweight” rating for the company in a research report on Wednesday, October 28th. Zacks Research downgraded Seagate Technology from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 28th. UBS Group reissued a “buy” rating on shares of Seagate Technology in a research note on Monday. Robert W. Baird set a $1,350.00 target price on Seagate Technology in a report on Wednesday. Finally, Rosenblatt Securities dropped their target price on Seagate Technology from $1,400.00 to $1,100.00 and set a “buy” rating for the company in a report on Monday, October 26th. Twenty-three investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, Seagate Technology currently has a consensus rating of “Moderate Buy” and an average price target of $1,000.88.

Insiders Place Their Bets

In other Seagate Technology news, EVP John Morris sold 15,466 shares of Seagate Technology stock in a transaction on Tuesday, September 15th. The stock was sold at an average price of $772.15, for a total value of $11,942,071.90. Following the sale, the executive vice president owned 31,132 shares in the company, valued at $24,038,573.80. The trade was a 33.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO William Mosley sold 97,889 shares of Seagate Technology stock in a transaction on Tuesday, September 15th. The shares were sold at an average price of $772.14, for a total value of $75,584,012.46. Following the completion of the sale, the chief executive officer owned 378,108 shares in the company, valued at $291,952,311.12. This represents a 20.57% 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. Over the last three months, insiders have sold 436,644 shares of company stock valued at $353,934,542. 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.