Bell Bank reduced its stake in shares of Seagate Technology Holdings PLC (NASDAQ:STX – Free Report) by 12.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 49,368 shares of the data storage provider’s stock after selling 6,985 shares during the quarter. Seagate Technology accounts for approximately 0.6% of Bell Bank’s holdings, making the stock its 21st largest holding. Bell Bank’s holdings in Seagate Technology were worth $13,595,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Integrated Wealth Concepts LLC grew its position in Seagate Technology by 168.0% in the first quarter. Integrated Wealth Concepts LLC now owns 7,177 shares of the data storage provider’s stock valued at $610,000 after acquiring an additional 4,499 shares in the last quarter. Sivia Capital Partners LLC purchased a new stake in shares of Seagate Technology during the second quarter valued at approximately $262,000. Prudential Financial Inc. lifted its position in shares of Seagate Technology by 22.3% during the second quarter. Prudential Financial Inc. now owns 30,811 shares of the data storage provider’s stock worth $4,447,000 after purchasing an additional 5,611 shares in the last quarter. Steward Partners Investment Advisory LLC lifted its position in shares of Seagate Technology by 9.3% during the second quarter. Steward Partners Investment Advisory LLC now owns 13,987 shares of the data storage provider’s stock worth $2,019,000 after purchasing an additional 1,195 shares in the last quarter. Finally, Advisors Asset Management Inc. boosted its stake in shares of Seagate Technology by 16.6% in the second quarter. Advisors Asset Management Inc. now owns 1,068 shares of the data storage provider’s stock valued at $154,000 after purchasing an additional 152 shares during the period. 92.87% of the stock is owned by institutional investors and hedge funds.
Key Seagate Technology News
Here are the key news stories impacting Seagate Technology this week:
- Positive Sentiment: Zacks highlights Seagate as a “strong growth stock,” pointing to its growth scores and investor-friendly metrics that support a growth-oriented thesis for STX. Here’s Why Seagate (STX) is a Strong Growth Stock
- Positive Sentiment: MarketBeat flags Seagate among the most upgraded stocks in 2026, signaling rising analyst optimism which can support upward price momentum and investor interest. Analyst Optimism: MarketBeat’s Most Upgraded Stocks of 2026
- Positive Sentiment: Seagate joined the AR Alliance (SPIE), expanding partnerships across optics/AR suppliers — a strategic tie that could open new enterprise and edge storage opportunities over time. Twelve New Member Companies join the AR Alliance
- Neutral Sentiment: Comparative research pieces (Zacks/Yahoo) weigh Seagate against IBM for enterprise storage exposure — they underline different plays on the AI/data boom (Seagate: HAMR, cash flow; IBM: hybrid cloud/AI platform). This frames STX as a hardware/capacity play versus platform peers. Seagate vs. IBM: Which Enterprise Storage Stock is the Better Bet? Seagate vs. IBM (Zacks)
- Negative Sentiment: Alphabet’s new TurboQuant and related research prompted concerns that models will need less memory, triggering sector selling (Micron and peers) and briefly pressuring STX. Coverage notes an immediate negative read-through for storage/memory demand assumptions. Did Alphabet Just End the AI Memory Boom?
- Negative Sentiment: News pieces report an afternoon slide in STX shares after Google’s TurboQuant disclosure, and broader sell-side/commentary warns macro/interest‑rate pressures continue to weigh on hardware names. These dynamics increase short-term volatility risk. Why Seagate (STX) Shares Are Sliding Today SNDK, WDC and STX Forecasts – FXEmpire
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Wall Street Analyst Weigh In
A number of equities research analysts recently weighed in on STX shares. Bank of America raised their price target on shares of Seagate Technology from $320.00 to $400.00 and gave the company a “buy” rating in a report on Tuesday, January 20th. Robert W. Baird boosted their price objective on shares of Seagate Technology from $270.00 to $505.00 and gave the stock an “outperform” rating in a report on Thursday, January 29th. TD Cowen upped their price objective on shares of Seagate Technology from $340.00 to $500.00 and gave the company a “buy” rating in a research report on Wednesday, January 28th. Barclays raised their target price on Seagate Technology from $370.00 to $425.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 28th. Finally, Wedbush boosted their price target on Seagate Technology from $290.00 to $380.00 and gave the stock an “outperform” rating in a research note on Friday, January 23rd. One analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, Seagate Technology currently has an average rating of “Moderate Buy” and a consensus price target of $447.35.
Read Our Latest Research Report on STX
Seagate Technology Trading Up 0.3%
STX opened at $380.07 on Friday. The stock has a market capitalization of $82.88 billion, a PE ratio of 42.99, a P/E/G ratio of 0.85 and a beta of 1.61. The firm’s fifty day moving average price is $397.40 and its 200 day moving average price is $307.41. The company has a debt-to-equity ratio of 7.63, a current ratio of 1.12 and a quick ratio of 0.72. Seagate Technology Holdings PLC has a 12-month low of $63.19 and a 12-month high of $459.84.
Seagate Technology (NASDAQ:STX – Get Free Report) last posted its quarterly earnings data on Tuesday, January 27th. The data storage provider reported $3.11 EPS for the quarter, beating analysts’ consensus estimates of $2.77 by $0.34. The firm had revenue of $2.83 billion for the quarter, compared to the consensus estimate of $2.73 billion. Seagate Technology had a net margin of 19.59% and a negative return on equity of 936.38%. The firm’s revenue was up 21.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.03 EPS. Seagate Technology has set its Q3 2026 guidance at 3.200-3.600 EPS. As a group, research analysts expect that Seagate Technology Holdings PLC will post 6.83 EPS for the current fiscal year.
Seagate Technology Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 8th. Stockholders of record on Wednesday, March 25th will be given a dividend of $0.74 per share. The ex-dividend date of this dividend is Wednesday, March 25th. This represents a $2.96 annualized dividend and a dividend yield of 0.8%. Seagate Technology’s dividend payout ratio (DPR) is presently 33.48%.
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.
See Also
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