Seagate Technology Holdings PLC $STX Holdings Cut by Keybank National Association OH

Keybank National Association OH cut its stake in shares of Seagate Technology Holdings PLC (NASDAQ:STX) by 8.5% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 40,269 shares of the data storage provider’s stock after selling 3,743 shares during the period. Keybank National Association OH’s holdings in Seagate Technology were worth $37,142,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in STX. Csenge Advisory Group increased its holdings in shares of Seagate Technology by 6.8% in the third quarter. Csenge Advisory Group now owns 2,015 shares of the data storage provider’s stock valued at $1,858,000 after purchasing an additional 128 shares during the period. 71 West Capital Partners raised its stake in shares of Seagate Technology by 3.7% during the third quarter. 71 West Capital Partners now owns 1,699 shares of the data storage provider’s stock worth $1,567,000 after purchasing an additional 60 shares during the last quarter. United Capital Management of KS Inc. raised its stake in shares of Seagate Technology by 3.2% during the third quarter. United Capital Management of KS Inc. now owns 13,390 shares of the data storage provider’s stock worth $12,350,000 after purchasing an additional 420 shares during the last quarter. Pinion Investment Advisors LLC lifted its holdings in shares of Seagate Technology by 39.8% during the third quarter. Pinion Investment Advisors LLC now owns 1,039 shares of the data storage provider’s stock worth $958,000 after purchasing an additional 296 shares during the period. Finally, AEGON ASSET MANAGEMENT UK Plc lifted its holdings in shares of Seagate Technology by 697.5% during the third quarter. AEGON ASSET MANAGEMENT UK Plc now owns 28,903 shares of the data storage provider’s stock worth $26,658,000 after purchasing an additional 25,279 shares during the period. 92.87% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on STX shares. Morgan Stanley lowered their price objective on shares of Seagate Technology from $1,200.00 to $1,148.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 28th. Barclays upped their price objective on shares of Seagate Technology from $1,000.00 to $1,250.00 and gave the stock an “overweight” rating in a research report on Thursday, July 30th. Citigroup cut their price objective on shares of Seagate Technology from $1,300.00 to $1,050.00 and set a “buy” rating for the company in a research report on Wednesday, October 28th. TD Cowen reduced their target price on shares of Seagate Technology from $1,000.00 to $900.00 and set a “buy” rating for the company in a research note on Wednesday, October 28th. Finally, UBS Group reaffirmed a “buy” rating on shares of Seagate Technology in a report on Monday, November 2nd. Twenty-three research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $1,000.88.

Insider Buying and Selling

In other Seagate Technology news, EVP Ban Teh sold 52,730 shares of the business’s stock in a transaction on Tuesday, September 15th. The shares were sold at an average price of $782.08, for a total transaction of $41,239,078.40. Following the sale, the executive vice president directly owned 5,810 shares in the company, valued at approximately $4,543,884.80. The trade was a 90.08% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO William D. Mosley sold 6,720 shares of the business’s stock in a transaction on Monday, November 2nd. The stock was sold at an average price of $622.82, for a total transaction of $4,185,350.40. Following the sale, the chief executive officer owned 346,108 shares in the company, valued at $215,562,984.56. The trade was a 1.90% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 439,747 shares of company stock valued at $349,271,735 in the last quarter. Corporate insiders own 0.51% of the company’s stock.

Seagate Technology News Roundup

Investors following STX have been watching these news items:

• Positive Sentiment: CoreWeave results eased AI-spending concerns. The cloud provider beat expectations and raised its 2026 guidance, prompting investors to reconsider fears that AI infrastructure investment—and demand for nearline storage—was slowing. The results helped revive interest in storage and memory stocks, including STX. Seagate Stocks Jump as CoreWeave Results Revive Nearline Storage Demand
• Positive Sentiment: Morgan Stanley sees substantial recovery potential. The bullish view points to Seagate’s strong sales growth despite a steep recent share-price pullback, suggesting the selloff may have outpaced concerns about the business outlook. This is an analyst thesis, not a guarantee of a rebound. Morgan Stanley sees rebound potential
• Neutral Sentiment: Durability of the AI-driven rebound remains uncertain. Recent gains follow a difficult stretch for storage stocks, and coverage notes that the outlook depends partly on how AI buildouts are financed and whether spending continues. Storage stocks and the revived AI trade

Seagate Technology Stock Performance

Shares of STX stock opened at $551.72 on Thursday. The company has a market cap of $126.65 billion, a price-to-earnings ratio of 28.98 and a beta of 2.16. The stock has a 50 day simple moving average of $751.28 and a 200-day simple moving average of $696.43. 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 current ratio of 1.82, a quick ratio of 1.25 and a debt-to-equity ratio of 0.68.

Seagate Technology (NASDAQ:STX) last posted its quarterly earnings results on Tuesday, October 27th. The data storage provider reported $7.68 EPS for the quarter, beating the consensus estimate of $7.44 by $0.24. Seagate Technology had a return on equity of 252.47% and a net margin of 31.86%. 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 firm earned $2.61 EPS. The company’s quarterly revenue was up 61.0% compared to the same quarter last year. On average, equities analysts forecast that Seagate Technology Holdings PLC will post 37.96 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. Shareholders of record on Wednesday, December 23rd will be given a $0.76 dividend. The ex-dividend date is Wednesday, December 23rd. This is a positive change from Seagate Technology’s previous quarterly dividend of $0.74. This represents a $3.04 annualized dividend and a yield of 0.6%. Seagate Technology’s dividend payout ratio (DPR) is currently 15.55%.

Seagate Technology Profile

Seagate Technology develops and supplies data-storage products and solutions for businesses and consumers. Its portfolio includes hard disk drives (HDDs), solid-state drives, and storage systems designed for applications ranging from personal computing to large-scale data centers. The company’s products support cloud and enterprise storage, network-attached storage, video surveillance, gaming, and other uses that require digital data to be stored and accessed. Seagate also offers data-management and storage services through its Lyve platform.