2,193 Seagate Technology Holdings PLC $STX Shares Sold by Hosking Partners LLP

Hosking Partners LLP decreased its position in Seagate Technology Holdings PLC (NASDAQ:STX) by 4.1% in the third quarter, Holdings Channel reports. The firm owned 51,662 shares of the data storage provider’s stock after selling 2,193 shares during the period. Seagate Technology accounts for 1.7% of Hosking Partners LLP’s investment portfolio, making the stock its 19th largest holding. Hosking Partners LLP’s holdings in Seagate Technology were worth $47,650,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Guardian Partners Inc. purchased a new position in Seagate Technology during the 3rd quarter worth $461,000. City State Bank raised its position in Seagate Technology by 8.6% during the 3rd quarter. City State Bank now owns 580 shares of the data storage provider’s stock valued at $535,000 after purchasing an additional 46 shares in the last quarter. Bell Bank raised its position in Seagate Technology by 1.4% during the 3rd quarter. Bell Bank now owns 18,038 shares of the data storage provider’s stock valued at $16,637,000 after purchasing an additional 246 shares in the last quarter. One River Asset Management LLC raised its position in Seagate Technology by 50.0% during 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 in the last quarter. Finally, Range Financial Group LLC lifted its holdings in shares of Seagate Technology by 5.5% in the 3rd quarter. Range Financial Group LLC now owns 11,070 shares of the data storage provider’s stock worth $10,210,000 after buying an additional 578 shares during the period. Institutional investors own 92.87% of the company’s stock.

Seagate Technology Stock Performance

Shares of NASDAQ:STX opened at $696.88 on Thursday. The company has a market capitalization of $158.46 billion, a price-to-earnings ratio of 50.21 and a beta of 2.06. Seagate Technology Holdings PLC has a 52 week low of $209.00 and a 52 week high of $1,145.00. The company has a quick ratio of 1.17, a current ratio of 1.67 and a debt-to-equity ratio of 1.56. The firm has a 50 day moving average of $833.04 and a 200 day moving average of $810.11.

Seagate Technology (NASDAQ:STX) last posted its earnings results on Tuesday, July 28th. The data storage provider reported $5.71 earnings per share for the quarter, topping analysts’ consensus estimates of $5.10 by $0.61. The company had revenue of $3.63 billion during the quarter, compared to analyst estimates of $3.50 billion. Seagate Technology had a return on equity of 369.98% and a net margin of 26.11%. Seagate Technology’s revenue was up 48.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.59 earnings per share. Seagate Technology has set its Q1 2027 guidance at 7.100-7.500 EPS. On average, sell-side analysts predict that Seagate Technology Holdings PLC will post 35.75 earnings per share for the current fiscal year.

Seagate Technology Dividend Announcement

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

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Citigroup increased their price target on Seagate Technology from $1,240.00 to $1,300.00 and gave the stock a “buy” rating in a research report on Wednesday, July 29th. Barclays lifted 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. Morgan Stanley upped their price objective on shares of Seagate Technology from $1,187.00 to $1,200.00 and gave the stock an “overweight” rating in a research note on Tuesday. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $1,300.00 price objective on shares of Seagate Technology in a research note on Wednesday, July 29th. Finally, Sanford C. Bernstein reiterated an “outperform” rating and set a $1,350.00 target price on shares of Seagate Technology in a report on Wednesday, July 29th. Twenty-two analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, Seagate Technology has an average rating of “Moderate Buy” and a consensus price target of $975.92.

Key Stories Impacting Seagate Technology

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

• Positive Sentiment: Bank of America raised its price target to $1,200 from $1,150 and reiterated a Buy rating. The bank expects fiscal first-quarter 2027 revenue near the high end of management’s guidance and earnings above the company’s projected range, citing HDD demand that is exceeding Seagate’s long-term expectations. Seagate price target raised as Bank of America sees strong demand for hard drives
• Positive Sentiment: Morgan Stanley also maintained a bullish view and lifted its price target to $1,200 from $1,187. The firm expects strong quarterly results and better-than-expected guidance, making Seagate an aggressive-buy candidate after its recent weakness. Seagate, Western Digital stocks gain as this analyst sees 80% upside
• Positive Sentiment: Zacks upgraded Seagate to Rank #2, or Buy, reflecting improving expectations for earnings. The service also highlighted Seagate’s history of exceeding estimates and the current combination of factors that could support another earnings beat. Seagate upgraded to Buy
• Neutral Sentiment: Growth-focused commentary points to Seagate’s strong revenue and earnings attributes, while investors await the next quarterly report. The company’s latest reported quarter already exceeded expectations, with revenue up 48.5% year over year and earnings above consensus.
• Negative Sentiment: Valuation and profit-taking risks remain. Seagate has delivered a very large gain in 2026, prompting debate over whether investors should lock in profits or continue holding. Earlier share-price pressure also reflected concerns about AI-related financing and competition, although analysts currently expect these issues to be outweighed by demand and guidance strength. Micron and Seagate rally prompts profit-taking debate

Insider Buying and Selling

In related news, EVP Ban Teh sold 52,730 shares of the firm’s stock in a transaction dated Tuesday, September 15th. The stock was sold at an average price of $782.08, for a total transaction of $41,239,078.40. Following the sale, the executive vice president owned 5,810 shares of the company’s stock, valued at $4,543,884.80. This trade represents a 90.08% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP John Morris sold 9,354 shares of Seagate Technology stock in a transaction dated Monday, September 21st. The shares were sold at an average price of $877.91, for a total value of $8,211,970.14. Following the completion of the transaction, the executive vice president owned 22,693 shares in the company, valued at $19,922,411.63. This trade represents a 29.19% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 466,959 shares of company stock valued at $378,840,741. Company insiders own 0.51% of the company’s stock.

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.