2,000 Shares in Seagate Technology Holdings PLC $STX Purchased by N10 Wealth LLC

N10 Wealth LLC bought a new stake in Seagate Technology Holdings PLC (NASDAQ:STX) during the third quarter, Holdings Channel.com reports. The firm bought 2,000 shares of the data storage provider’s stock, valued at approximately $1,845,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of STX. First Citizens Bank & Trust Co. lifted its stake in shares of Seagate Technology by 2.0% in the 3rd quarter. First Citizens Bank & Trust Co. now owns 1,462 shares of the data storage provider’s stock valued at $1,348,000 after acquiring an additional 29 shares during the last quarter. Signal Advisors Wealth LLC grew its position in Seagate Technology by 13.7% during the 3rd quarter. Signal Advisors Wealth LLC now owns 907 shares of the data storage provider’s stock worth $836,000 after acquiring an additional 109 shares during the last quarter. Krilogy Financial LLC grew its position in Seagate Technology by 6.7% during the 3rd quarter. Krilogy Financial LLC now owns 4,913 shares of the data storage provider’s stock worth $4,531,000 after acquiring an additional 308 shares during the last quarter. Salvus Wealth Management LLC grew its position in Seagate Technology by 4.6% during the 3rd quarter. Salvus Wealth Management LLC now owns 3,780 shares of the data storage provider’s stock worth $3,486,000 after acquiring an additional 165 shares during the last quarter. Finally, Heffernan Advisory Inc. increased its holdings in Seagate Technology by 83.3% in the 3rd quarter. Heffernan Advisory Inc. now owns 1,650 shares of the data storage provider’s stock worth $1,522,000 after purchasing an additional 750 shares in the last quarter. Institutional investors own 92.87% of the company’s stock.

Seagate Technology Trading Down 3.9%

Shares of NASDAQ:STX traded down $29.19 during mid-day trading on Wednesday, reaching $718.01. 2,329,453 shares of the company’s stock were exchanged, compared to its average volume of 4,375,903. The firm has a market capitalization of $163.27 billion, a price-to-earnings ratio of 51.59 and a beta of 2.06. The business’s fifty day moving average price is $851.58 and its 200-day moving average price is $798.06. The company has a debt-to-equity ratio of 1.56, a quick ratio of 1.17 and a current ratio of 1.67. Seagate Technology Holdings PLC has a twelve month low of $209.00 and a twelve month high of $1,145.00.

Seagate Technology (NASDAQ:STX) last issued its quarterly earnings data on Tuesday, July 28th. The data storage provider reported $5.71 earnings per share for the quarter, topping the consensus estimate of $5.10 by $0.61. The company had revenue of $3.63 billion for the quarter, compared to analysts’ expectations of $3.50 billion. Seagate Technology had a net margin of 26.11% and a return on equity of 369.98%. Seagate Technology’s revenue for the quarter was up 48.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.59 earnings per share. Seagate Technology has set its Q1 2027 guidance at 7.100-7.500 EPS. On average, research analysts predict that Seagate Technology Holdings PLC will post 35.70 EPS for the current fiscal year.

Seagate Technology Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 7th. Shareholders of record on Thursday, September 24th were issued a dividend of $0.74 per share. The ex-dividend date of this dividend was Thursday, September 24th. This represents a $2.96 annualized dividend and a yield of 0.4%. Seagate Technology’s payout ratio is presently 21.33%.

Insider Buying and Selling

In other Seagate Technology news, CEO William D. Mosley sold 97,889 shares of the company’s stock in a transaction dated Tuesday, September 15th. The stock was sold at an average price of $772.14, for a total value of $75,584,012.46. Following the sale, the chief executive officer owned 378,108 shares in the company, valued at approximately $291,952,311.12. The trade was a 20.57% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Gianluca Romano sold 49,984 shares of the stock in a transaction dated Tuesday, September 15th. The shares were sold at an average price of $772.16, for a total value of $38,595,645.44. Following the completion of the sale, the chief financial officer directly owned 70,756 shares of the company’s stock, valued at approximately $54,634,952.96. The trade was a 41.40% 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. Insiders sold a total of 466,959 shares of company stock valued at $378,840,741 over the last 90 days. 0.51% of the stock is owned by corporate insiders.

Seagate Technology News Summary

Here are the key news stories impacting Seagate Technology this week:

• Positive Sentiment: Seagate’s improving fundamentals continue to support the long-term investment case. Fiscal 2026 sales reportedly rose 34% to $12.2 billion, adjusted operating margin reached 36.5%, and free cash flow increased sharply. Its HAMR technology, including 44TB drives and a roadmap toward 100TB products, could benefit from the continued growth of AI-related data-center storage demand. Seagate’s Improving Earnings Support A Cautious Upside
• Positive Sentiment: Analysts have reportedly maintained their earnings estimates despite the recent selloff, leaving a substantial gap between the current valuation and the average price target. This suggests some investors view the decline as a potential opportunity, although the stock’s high volatility makes that upside uncertain. Rapid Growth, High Volatility, and Near 50% Upside Confound Seagate Technology Investors
• Neutral Sentiment: Seagate will report fiscal first-quarter 2027 results after the market closes on October 27. Investors are likely to focus on demand from cloud customers, pricing, margins and whether the company can support its previously issued earnings outlook. Seagate Technology to Report Fiscal First Quarter 2027 Financial Results
• Negative Sentiment: Reports of design breakthroughs by Chinese memory companies have intensified concerns about future competition and pressured the broader memory complex. Investors appear to be reducing exposure to storage-related stocks, even though Seagate does not produce the DRAM products at the center of the concern. Seagate and Western Digital Shares Plummet
• Negative Sentiment: Seagate is also facing valuation and supply-chain concerns after a very strong multiyear rally. The combination of elevated expectations, sector-wide risk reduction and uncertainty about Chinese competition is weighing on near-term sentiment. Seagate Technology Holdings Tests Valuation as Supply Chain Fears Hit Sentiment

Analyst Ratings Changes

STX has been the subject of several research reports. Wall Street Zen upgraded Seagate Technology from a “buy” rating to a “strong-buy” rating in a research report on Saturday, September 26th. Zacks Research cut Seagate Technology from a “strong-buy” rating to a “hold” rating in a report on Monday, September 28th. Wedbush boosted their price target on Seagate Technology from $825.00 to $1,000.00 and gave the stock an “outperform” rating in a report on Wednesday, July 29th. JPMorgan Chase & Co. upped their price objective on Seagate Technology from $1,095.00 to $1,240.00 and gave the company an “overweight” rating in a research note on Wednesday, July 29th. Finally, 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 research note on Thursday, July 30th. Twenty-two research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $986.00.

Seagate Technology Profile

Seagate Technology Holdings plc is a data storage technology company that designs, manufactures and supplies solutions for storing, managing and accessing digital information. Its product portfolio is centered on hard disk drives (HDDs), including high-capacity drives used in cloud data centers, enterprise environments, surveillance systems, network-attached storage and personal computing.

The company also offers solid-state drives (SSDs), storage systems, external storage products and related services.