Seagate Technology Holdings PLC $STX Stake Lessened by Western Financial Corp CA

Western Financial Corp CA lowered its position in Seagate Technology Holdings PLC (NASDAQ:STX) by 81.0% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,835 shares of the data storage provider’s stock after selling 7,799 shares during the quarter. Western Financial Corp CA’s holdings in Seagate Technology were worth $1,692,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Retirement Wealth Solutions LLC raised its holdings in Seagate Technology by 70.6% during the second quarter. Retirement Wealth Solutions LLC now owns 29 shares of the data storage provider’s stock worth $28,000 after purchasing an additional 12 shares in the last quarter. Bridgewater Advisors Inc. boosted its stake in shares of Seagate Technology by 0.9% during the first quarter. Bridgewater Advisors Inc. now owns 1,477 shares of the data storage provider’s stock worth $579,000 after buying an additional 13 shares during the period. Baker Tilly Wealth Management LLC grew its stake in shares of Seagate Technology by 4.6% in the 3rd quarter. Baker Tilly Wealth Management LLC now owns 319 shares of the data storage provider’s stock valued at $295,000 after purchasing an additional 14 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC lifted its holdings in shares of Seagate Technology by 23.1% during the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 80 shares of the data storage provider’s stock worth $31,000 after purchasing an additional 15 shares during the period. Finally, Blalock Williams LLC boosted its holdings in shares of Seagate Technology by 2.6% in the second quarter. Blalock Williams LLC now owns 636 shares of the data storage provider’s stock valued at $614,000 after acquiring an additional 16 shares in the last quarter. Hedge funds and other institutional investors own 92.87% of the company’s stock.

More Seagate Technology News

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

• Positive Sentiment: AI-driven demand supports the long-term outlook. Seagate is positioned to benefit from the rapid growth of data-center storage needs. Its HAMR technology enables higher-capacity hard drives, including 44TB products currently available and a stated path toward 100TB drives by 2032, potentially reducing the number of drives and operating costs required by customers. Seagate’s Improving Earnings Support a Cautious Upside
• Positive Sentiment: Recent financial performance remains strong. Fiscal 2026 sales reportedly increased 34% to $12.2 billion, adjusted operating margin reached 36.5%, and free cash flow grew substantially. The company also previously exceeded quarterly EPS and revenue expectations, reinforcing the bullish case for earnings growth. Seagate’s Improving Earnings Support a Cautious Upside
• Neutral Sentiment: Investors are awaiting the next major catalyst. Seagate is scheduled to release fiscal first-quarter 2027 results after the market closes on October 27, followed by an investor conference call. The report will provide updated evidence on demand, pricing, margins and whether AI-related storage growth is offsetting supply concerns. Seagate to Report Fiscal First Quarter 2027 Results
• Negative Sentiment: China-related competition and supply fears are weighing on sentiment. Reports of design breakthroughs in China prompted investors to reassess expectations for tight memory and chip supplies, sending Seagate and Western Digital lower alongside other memory stocks. The pressure reflects concerns that improved supply or competing technology could weaken pricing power and industry growth expectations. Seagate and Western Digital Shares Plummet
• Negative Sentiment: Valuation and volatility amplify the selloff. Seagate has experienced a sharp recent decline despite analysts largely maintaining earnings estimates. With a high valuation and a beta above 2, investors appear to be taking profits and demanding more evidence that rapid AI-related growth can justify the stock’s previous gains. Seagate Tests Valuation as Supply Chain Fears Hit Sentiment

Wall Street Analyst Weigh In

Several research analysts have issued reports on STX shares. Morgan Stanley increased their price objective on Seagate Technology from $1,035.00 to $1,187.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 29th. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $1,350.00 price objective on shares of Seagate Technology in a research note on Wednesday, July 29th. JPMorgan Chase & Co. lifted their target price on shares of Seagate Technology from $1,095.00 to $1,240.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 29th. Rosenblatt Securities lifted their price target on Seagate Technology from $1,300.00 to $1,400.00 and gave the company a “buy” rating in a report on Wednesday, July 29th. Finally, Wells Fargo & Company upped their price objective on Seagate Technology from $1,100.00 to $1,180.00 and gave the stock an “overweight” rating in a report on Wednesday, July 29th. Twenty-two analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $986.00.

Insider Buying and Selling

In related news, CFO Gianluca Romano sold 49,984 shares of the business’s stock in a transaction that occurred on Tuesday, September 15th. The stock was sold at an average price of $772.16, for a total transaction of $38,595,645.44. Following the transaction, 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 transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, EVP John Morris sold 15,466 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the executive vice president owned 31,132 shares of the company’s stock, valued at approximately $24,038,573.80. This represents a 33.19% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last quarter, insiders sold 466,959 shares of company stock valued at $378,840,741. Insiders own 0.51% of the company’s stock.

Seagate Technology Stock Down 4.5%

NASDAQ STX traded down $33.66 during trading hours on Wednesday, hitting $713.54. The company had a trading volume of 4,194,171 shares, compared to its average volume of 4,386,348. The firm’s 50 day moving average is $851.58 and its 200 day moving average is $798.06. The company has a debt-to-equity ratio of 1.56, a current ratio of 1.67 and a quick ratio of 1.17. Seagate Technology Holdings PLC has a fifty-two week low of $209.00 and a fifty-two week high of $1,145.00. The company has a market capitalization of $162.25 billion, a price-to-earnings ratio of 51.41 and a beta of 2.06.

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

Seagate Technology Announces Dividend

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

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.