Seagate Technology Holdings PLC $STX Stock Bought by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. grew its stake in Seagate Technology Holdings PLC (NASDAQ:STX) by 12.4% in the third quarter, Holdings Channel.com reports. The institutional investor owned 90,715 shares of the data storage provider’s stock after buying an additional 10,023 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Seagate Technology were worth $83,670,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Retirement Wealth Solutions LLC increased its holdings in shares of Seagate Technology by 70.6% during the 2nd quarter. Retirement Wealth Solutions LLC now owns 29 shares of the data storage provider’s stock valued at $28,000 after acquiring an additional 12 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC raised its stake in shares of Seagate Technology by 23.1% in the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 80 shares of the data storage provider’s stock valued at $31,000 after acquiring an additional 15 shares in the last quarter. WealthCollab LLC lifted its holdings in Seagate Technology by 27.4% in the 1st quarter. WealthCollab LLC now owns 93 shares of the data storage provider’s stock worth $36,000 after purchasing an additional 20 shares during the last quarter. McMillan Office Inc. acquired a new stake in Seagate Technology in the 1st quarter worth approximately $39,000. Finally, Catalyst Capital Advisors LLC acquired a new stake in Seagate Technology in the 1st quarter worth approximately $39,000. Institutional investors own 92.87% of the company’s stock.

Seagate Technology Trading Up 3.2%

Seagate Technology stock opened at $696.88 on Thursday. The company has a debt-to-equity ratio of 1.56, a quick ratio of 1.17 and a current ratio of 1.67. The business’s 50-day simple moving average is $833.04 and its 200-day simple moving average is $810.11. The firm has a market capitalization of $158.46 billion, a PE 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.

Seagate Technology (NASDAQ:STX) last posted 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. Seagate Technology had a return on equity of 369.98% and a net margin of 26.11%. The business had revenue of $3.63 billion during the quarter, compared to analysts’ expectations of $3.50 billion. During the same quarter in the previous year, the firm earned $2.59 EPS. The firm’s revenue was up 48.5% compared to the same quarter last year. Seagate Technology has set its Q1 2027 guidance at 7.100-7.500 EPS. Equities research analysts forecast that Seagate Technology Holdings PLC will post 35.75 earnings per share for the current year.

Seagate Technology Dividend Announcement

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

Insiders Place Their Bets

In other news, EVP John Morris sold 15,466 shares of the 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 sale, the executive vice president directly owned 31,132 shares of the company’s stock, valued at approximately $24,038,573.80. This represents a 33.19% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO William D. Mosley sold 97,889 shares of the stock in a transaction that occurred on Tuesday, September 15th. The shares were sold at an average price of $772.14, for a total value of $75,584,012.46. Following the completion of the sale, the chief executive officer directly owned 378,108 shares of the company’s stock, valued at $291,952,311.12. This represents a 20.57% decrease in their ownership of the stock. 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. Insiders have sold 466,959 shares of company stock valued at $378,840,741 in the last three months. 0.51% of the stock is owned by corporate insiders.

Seagate Technology News Roundup

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. TD Cowen upped their target price on Seagate Technology from $850.00 to $1,000.00 and gave the stock a “buy” rating in a research report on Wednesday, July 29th. Sanford C. Bernstein reissued an “outperform” rating and issued a $1,350.00 price target on shares of Seagate Technology in a research report on Wednesday, July 29th. JPMorgan Chase & Co. boosted their price objective 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. Wedbush boosted their price objective on shares of Seagate Technology from $825.00 to $1,000.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 29th. Finally, Susquehanna upped their price objective on shares of Seagate Technology from $775.00 to $875.00 and gave the stock a “neutral” rating in a report on Wednesday, July 29th. Twenty-two investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $975.92.

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.