Seagate Technology Holdings PLC $STX Shares Sold by Donoghue Forlines LLC

Donoghue Forlines LLC reduced its stake in Seagate Technology Holdings PLC (NASDAQ:STX) by 42.6% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 18,956 shares of the data storage provider’s stock after selling 14,058 shares during the period. Seagate Technology comprises approximately 1.4% of Donoghue Forlines LLC’s investment portfolio, making the stock its 7th largest position. Donoghue Forlines LLC’s holdings in Seagate Technology were worth $4,475,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Sivia Capital Partners LLC raised its stake in shares of Seagate Technology by 2.6% in the 3rd quarter. Sivia Capital Partners LLC now owns 1,865 shares of the data storage provider’s stock valued at $440,000 after acquiring an additional 47 shares during the period. Magnus Financial Group LLC increased its holdings in Seagate Technology by 2.9% in the 3rd quarter. Magnus Financial Group LLC now owns 1,755 shares of the data storage provider’s stock valued at $414,000 after purchasing an additional 49 shares during the last quarter. Lee Johnson Capital Management LLC raised its position in Seagate Technology by 0.9% in the third quarter. Lee Johnson Capital Management LLC now owns 5,546 shares of the data storage provider’s stock valued at $1,309,000 after purchasing an additional 50 shares during the period. Dynamic Advisor Solutions LLC lifted its stake in Seagate Technology by 3.8% during the third quarter. Dynamic Advisor Solutions LLC now owns 1,446 shares of the data storage provider’s stock worth $341,000 after purchasing an additional 53 shares in the last quarter. Finally, Salvus Wealth Management LLC boosted its position in shares of Seagate Technology by 2.0% during the second quarter. Salvus Wealth Management LLC now owns 3,416 shares of the data storage provider’s stock worth $493,000 after buying an additional 68 shares during the period. Hedge funds and other institutional investors own 92.87% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on STX. The Goldman Sachs Group boosted their price objective on Seagate Technology from $280.00 to $310.00 and gave the company a “buy” rating in a report on Friday, January 9th. Robert W. Baird lifted their target price on Seagate Technology from $188.00 to $270.00 and gave the company an “outperform” rating in a research report on Wednesday, October 29th. Evercore ISI increased their price target on shares of Seagate Technology from $160.00 to $330.00 and gave the stock an “outperform” rating in a research report on Monday, October 13th. Barclays raised their price objective on shares of Seagate Technology from $240.00 to $370.00 and gave the company an “equal weight” rating in a research note on Thursday. Finally, Wedbush upped their target price on shares of Seagate Technology from $260.00 to $290.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 29th. Two investment analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, Seagate Technology has an average rating of “Moderate Buy” and a consensus price target of $320.39.

Insider Buying and Selling at Seagate Technology

In other news, Director Yolanda Lee Conyers sold 750 shares of the company’s stock in a transaction dated Tuesday, December 2nd. The stock was sold at an average price of $272.91, for a total transaction of $204,682.50. Following the completion of the transaction, the director directly owned 5,601 shares of the company’s stock, valued at approximately $1,528,568.91. This represents a 11.81% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Stephanie Tilenius sold 2,046 shares of the stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $266.41, for a total value of $545,074.86. Following the completion of the transaction, the director owned 12,244 shares in the company, valued at approximately $3,261,924.04. The trade was a 14.32% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 132,557 shares of company stock worth $36,847,793. 0.79% of the stock is currently owned by company insiders.

Seagate Technology Stock Up 1.8%

Shares of NASDAQ:STX opened at $326.23 on Friday. Seagate Technology Holdings PLC has a fifty-two week low of $63.19 and a fifty-two week high of $335.02. The firm’s 50 day moving average price is $283.10 and its 200 day moving average price is $223.37. The stock has a market cap of $69.67 billion, a price-to-earnings ratio of 41.88, a price-to-earnings-growth ratio of 1.28 and a beta of 1.60.

Seagate Technology Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 9th. Stockholders of record on Wednesday, December 24th were issued a $0.74 dividend. This represents a $2.96 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date was Wednesday, December 24th. This is a positive change from Seagate Technology’s previous quarterly dividend of $0.72. Seagate Technology’s dividend payout ratio (DPR) is 38.00%.

Key Seagate Technology News

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

• Positive Sentiment: China Renaissance raised its price target to $452 and maintained a “buy” rating — a large upside (~41% from recent levels) that supports further upside expectations for STX. China Renaissance raises PT to $452
• Positive Sentiment: Barclays bumped its target to $370 and kept an “equal weight” rating — another notable upgrade that adds institutional validation to the stock’s rally. Barclays raises PT to $370
• Positive Sentiment: Wells Fargo raised its target to $360 (still “equal weight”), signaling broader analyst re‑rating of Seagate amid stronger end‑market demand expectations. Wells Fargo raises PT to $360
• Positive Sentiment: Media coverage and analyst commentary point to an AI‑driven memory/mass‑storage rally benefiting STX and peers — Susquehanna and others highlighted the sector strength on a recent segment. STX & WDC Gain Analyst Support Amid Surging Memory Chip Rally
• Neutral Sentiment: A Zacks piece lists Seagate among technology solutions beneficiaries (multi‑cloud and integrated systems demand) — supportive context but not company‑specific new data. 4 Stocks to Watch From a Prospering Technology Solutions Industry
• Neutral Sentiment: Susquehanna formally moved Seagate from “negative” to “neutral” with a $280 target — an upgrade in tone but a target below current market levels, creating a mixed signal for investors. Susquehanna moves STX to neutral, PT $280
• Negative Sentiment: Insider activity: EVP Ban Seng Teh sold 1,412 shares (~$299 avg), trimming his stake. Insider sales can weigh on sentiment even if not large relative to holdings. SEC Form 4: Ban Seng Teh sale

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.