Clearstead Trust LLC Sells 1,502 Shares of Seagate Technology Holdings PLC $STX

Clearstead Trust LLC trimmed its stake in Seagate Technology Holdings PLC (NASDAQ:STX) by 6.3% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,505 shares of the data storage provider’s stock after selling 1,502 shares during the period. Seagate Technology accounts for approximately 1.4% of Clearstead Trust LLC’s holdings, making the stock its 14th largest position. Clearstead Trust LLC’s holdings in Seagate Technology were worth $8,816,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. State Street Corp grew its holdings in Seagate Technology by 1.0% during the fourth quarter. State Street Corp now owns 9,370,805 shares of the data storage provider’s stock valued at $2,587,535,000 after purchasing an additional 94,527 shares during the period. Morgan Stanley increased its position in Seagate Technology by 5.1% in the fourth quarter. Morgan Stanley now owns 5,317,516 shares of the data storage provider’s stock worth $1,464,391,000 after buying an additional 258,151 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Seagate Technology by 5.0% in the fourth quarter. Geode Capital Management LLC now owns 4,896,815 shares of the data storage provider’s stock worth $1,343,683,000 after buying an additional 234,436 shares during the period. Arrowstreet Capital Limited Partnership raised its stake in shares of Seagate Technology by 8.3% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,193,063 shares of the data storage provider’s stock worth $879,338,000 after buying an additional 243,551 shares during the period. Finally, Massachusetts Financial Services Co. MA lifted its position in shares of Seagate Technology by 1,510.1% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 2,008,516 shares of the data storage provider’s stock valued at $553,125,000 after buying an additional 1,883,769 shares in the last quarter. 92.87% of the stock is owned by institutional investors.

Insider Activity at Seagate Technology

In other news, CFO Gianluca Romano sold 903 shares of the business’s stock in a transaction on Friday, June 12th. The shares were sold at an average price of $880.19, for a total value of $794,811.57. Following the transaction, the chief financial officer owned 42,860 shares of the company’s stock, valued at approximately $37,724,943.40. The trade was a 2.06% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP John Christopher Morris sold 1,364 shares of the firm’s stock in a transaction on Friday, June 12th. The shares were sold at an average price of $880.19, for a total transaction of $1,200,579.16. Following the transaction, the executive vice president directly owned 12,088 shares of the company’s stock, valued at $10,639,736.72. The trade was a 10.14% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 151,069 shares of company stock worth $126,191,753. 0.79% of the stock is currently owned by corporate insiders.

Seagate Technology Stock Performance

NASDAQ STX opened at $745.49 on Friday. The company has a quick ratio of 0.85, a current ratio of 1.33 and a debt-to-equity ratio of 3.16. Seagate Technology Holdings PLC has a twelve month low of $138.30 and a twelve month high of $1,145.00. The business has a 50-day moving average price of $886.91 and a 200-day moving average price of $588.06. The firm has a market cap of $167.16 billion, a price-to-earnings ratio of 70.73 and a beta of 2.04.

Seagate Technology (NASDAQ:STX) last issued its earnings results on Tuesday, April 28th. The data storage provider reported $4.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.51 by $0.59. Seagate Technology had a return on equity of 1,005.65% and a net margin of 21.60%.The company had revenue of $3.11 billion for the quarter, compared to the consensus estimate of $2.96 billion. During the same quarter last year, the company earned $1.90 EPS. The firm’s quarterly revenue was up 44.1% on a year-over-year basis. Seagate Technology has set its Q4 2026 guidance at 4.800-5.200 EPS. As a group, equities research analysts predict that Seagate Technology Holdings PLC will post 14.14 EPS for the current fiscal year.

Seagate Technology Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 7th. Stockholders of record on Wednesday, June 24th were given a dividend of $0.74 per share. The ex-dividend date was Wednesday, June 24th. This represents a $2.96 annualized dividend and a dividend yield of 0.4%. Seagate Technology’s dividend payout ratio (DPR) is presently 28.08%.

Key Stories Impacting Seagate Technology

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

• Positive Sentiment: Analysts and market commentary highlighted Seagate as one of the AI storage beneficiaries, citing strong revenue outlooks, expanding margins, and earnings growth potential from rising AI-driven data storage demand. Article: Everyone’s Buying NVIDIA, but 2 Smaller AI Stocks Could Soar Higher
• Positive Sentiment: Several articles argued Seagate may be well positioned in the “AI memory war,” with mostly Buy ratings and expectations for further upside as storage demand stays strong. Article: Which Storage Stock Is Best Positioned to Win the AI Memory War? (STX)
• Positive Sentiment: Commentary from investors also praised Seagate’s cost advantage and hyperscaler storage economics, reinforcing the bull case that the company can benefit from large-scale AI infrastructure spending. Article: I Keep Buying Seagate Because It Has One Massive Cost Advantage Others Don’t
• Neutral Sentiment: Seagate said it will report fiscal fourth-quarter and full-year 2026 results on July 28, keeping investors focused on upcoming earnings for confirmation of the growth story. Article: Seagate Technology to Report Fiscal Fourth Quarter and Fiscal Year 2026 Financial Results on July 28, 2026
• Neutral Sentiment: Media coverage noted that Seagate has at times outperformed other stock market peers even when the broader market was weak, suggesting relative strength rather than a company-specific catalyst. Article: Seagate Technology Holdings PLC stock outperforms competitors despite losses on the day
• Negative Sentiment: The tech and semiconductor sectors were broadly lower, and investors continued to rotate away from the AI trade, which can drag Seagate lower even if company fundamentals remain solid. Article: Sector Update: Tech Stocks Fall Thursday Afternoon
• Negative Sentiment: Separate market commentary said the chip-stock slide is not over, with the SOX index under pressure, signaling ongoing weakness across AI-related equities that could weigh on STX. Article: The Chip-Stock Slide Isn’t Over. The AI Trade Is Still Under Pressure.
• Negative Sentiment: The SOX index fell sharply in a recent session, showing that semiconductor weakness is still spreading through the AI ecosystem and weighing on sentiment for related stocks. Article: The SOX Index Fell 16% in Less Than a Month

Analysts Set New Price Targets

A number of brokerages recently issued reports on STX. BNP Paribas Exane boosted their price objective on Seagate Technology from $530.00 to $860.00 and gave the company an “outperform” rating in a research note on Wednesday, April 29th. Wedbush raised their target price on shares of Seagate Technology from $700.00 to $825.00 and gave the stock an “outperform” rating in a research note on Monday, April 27th. Barclays lifted their price target on shares of Seagate Technology from $750.00 to $1,000.00 and gave the company an “overweight” rating in a report on Wednesday, May 27th. Susquehanna upped their price target on shares of Seagate Technology from $615.00 to $775.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 8th. Finally, Wells Fargo & Company raised shares of Seagate Technology from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $900.00 to $1,100.00 in a research note on Friday, July 10th. Twenty-two research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $898.52.

Seagate Technology Company Profile

Seagate Technology (NASDAQ: STX) is a global data storage company that designs, manufactures and sells a broad range of storage products and systems. The firm’s product portfolio includes traditional hard disk drives (HDDs), solid-state drives (SSDs), hybrid storage devices and integrated storage systems aimed at enterprise, cloud, OEM and consumer markets. Seagate also provides services that support its hardware offerings, including data recovery and storage management solutions.

Seagate’s products are used in a wide array of applications, from large-scale data centers and cloud infrastructure to desktop and portable consumer devices.