Seagate Technology Holdings PLC $STX Stock Sold by VMS Asset Management Limited

VMS Asset Management Limited lowered its position in shares of Seagate Technology Holdings PLC (NASDAQ:STX) by 65.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,251 shares of the data storage provider’s stock after selling 11,620 shares during the quarter. Seagate Technology accounts for about 2.3% of VMS Asset Management Limited’s holdings, making the stock its 18th largest position. VMS Asset Management Limited’s holdings in Seagate Technology were worth $5,766,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in STX. Wellington Management Group LLP boosted its stake in Seagate Technology by 2,655.9% in the 2nd quarter. Wellington Management Group LLP now owns 2,414,136 shares of the data storage provider’s stock worth $2,329,641,000 after purchasing an additional 2,326,538 shares during the period. National Pension Service grew its position in Seagate Technology by 0.8% during the 2nd quarter. National Pension Service now owns 834,705 shares of the data storage provider’s stock worth $805,490,000 after purchasing an additional 6,944 shares in the last quarter. Janus Henderson Group PLC grew its position in Seagate Technology by 3,872.1% during the 1st quarter. Janus Henderson Group PLC now owns 967,528 shares of the data storage provider’s stock worth $378,985,000 after purchasing an additional 943,170 shares in the last quarter. Amundi raised its stake in Seagate Technology by 32.2% during the 1st quarter. Amundi now owns 965,565 shares of the data storage provider’s stock valued at $378,267,000 after purchasing an additional 235,359 shares during the period. Finally, Swedbank AB raised its stake in Seagate Technology by 67.6% during the 1st quarter. Swedbank AB now owns 709,160 shares of the data storage provider’s stock valued at $277,821,000 after purchasing an additional 285,949 shares during the period. Hedge funds and other institutional investors own 92.87% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Barclays increased their target price 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. Argus lifted their price target on Seagate Technology from $750.00 to $900.00 and gave the company a “buy” rating in a report on Thursday, July 30th. Sanford C. Bernstein reissued an “outperform” rating and set a $1,350.00 price target on shares of Seagate Technology in a research report on Wednesday, July 29th. Wall Street Zen raised Seagate Technology from a “buy” rating to a “strong-buy” rating in a research report on Saturday, September 26th. Finally, Bank of America increased their price objective on Seagate Technology from $1,000.00 to $1,150.00 and gave the stock a “buy” rating in a research note on Wednesday, July 1st. Twenty-two analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, Seagate Technology currently has an average rating of “Moderate Buy” and an average price target of $986.00.

Seagate Technology Stock Performance

Shares of STX opened at $713.54 on Thursday. The company’s 50 day moving average price is $849.09 and its 200 day moving average price is $800.42. 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 market capitalization of $162.25 billion, a PE ratio of 51.41 and a beta of 2.06. 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 (NASDAQ:STX) last released its quarterly earnings data on Tuesday, July 28th. The data storage provider reported $5.71 earnings per share for the quarter, beating the consensus estimate of $5.10 by $0.61. Seagate Technology had a net margin of 26.11% and a return on equity of 369.98%. The firm had revenue of $3.63 billion for the quarter, compared to analyst estimates of $3.50 billion. During the same quarter in the prior year, the business earned $2.59 EPS. The company’s revenue for the quarter 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. Research analysts expect that Seagate Technology Holdings PLC will post 35.70 EPS 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 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 payout ratio is currently 21.33%.

Insider Activity at Seagate Technology

In related news, EVP Ban Teh sold 52,730 shares of Seagate Technology stock in a transaction on 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 completion of the sale, the executive vice president owned 5,810 shares of the company’s stock, valued at approximately $4,543,884.80. This trade represents a 90.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO William Mosley sold 97,889 shares of Seagate Technology stock in a transaction 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 sale, the chief executive officer directly owned 378,108 shares of the company’s stock, valued at approximately $291,952,311.12. The trade was a 20.57% 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. Over the last ninety days, insiders sold 466,959 shares of company stock valued at $378,840,741. 0.51% of the stock is owned by insiders.

Key Headlines Impacting Seagate Technology

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

• Positive Sentiment: Strong earnings and cash flow support the bull case. Seagate’s fiscal 2026 sales rose 34% to $12.2 billion, adjusted operating margins reached 36.5%, and free cash flow increased sharply. Its latest quarterly results also exceeded analyst expectations for revenue and earnings. Seagate’s Improving Earnings Support a Cautious Upside
• Positive Sentiment: AI-related data-center demand remains a potential catalyst. Seagate’s mass-capacity hard drives are positioned to benefit from the growth of AI-generated data. Its HAMR technology supports higher-capacity drives, including 44TB products, with substantially larger capacities planned over time. Seagate’s Improving Earnings Support a Cautious Upside
• Neutral Sentiment: The next major company-specific event is approaching. Seagate is scheduled to report fiscal first-quarter 2027 results after the market closes on October 27, followed by an investor conference call. Investors will look for evidence that demand, pricing, margins and supply conditions remain favorable. Seagate Technology to Report Fiscal First Quarter 2027 Financial Results
• Negative Sentiment: Supply-chain and China competition fears are driving the immediate weakness. Reports of technological advances in China, along with a selloff in memory stocks and declines among Asian chipmakers, have raised concerns that future storage and component supplies could become less constrained. Seagate and Western Digital Shares Plummet
• Negative Sentiment: Valuation and volatility amplify investor sensitivity. After a substantial multiyear rally, STX remains a high-beta stock trading at an elevated earnings multiple. A sharp recent pullback, despite analysts largely maintaining earnings estimates, reflects heightened concern that expectations may have outrun near-term fundamentals. Rapid Growth, High Volatility, and Near 50% Upside

Seagate Technology Company 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.