Bangor Savings Bank Has $30,000 Stake in Seagate Technology Holdings PLC $STX

Posted by Defense World Staff on Jan 14th, 2026

Bangor Savings Bank reduced its stake in Seagate Technology Holdings PLC (NASDAQ:STX – Free Report) by 98.4% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 125 shares of the data storage provider’s stock after selling 7,453 shares during the quarter. Bangor Savings Bank’s holdings in Seagate Technology were worth $30,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. State Street Corp raised its position in shares of Seagate Technology by 5.0% in the second quarter. State Street Corp now owns 9,001,365 shares of the data storage provider’s stock valued at $1,305,499,000 after purchasing an additional 432,455 shares during the period. Geode Capital Management LLC grew its stake in Seagate Technology by 1.9% in the 2nd quarter. Geode Capital Management LLC now owns 4,567,181 shares of the data storage provider’s stock valued at $656,066,000 after buying an additional 85,660 shares during the last quarter. Soroban Capital Partners LP raised its holdings in Seagate Technology by 1,468.1% in the 2nd quarter. Soroban Capital Partners LP now owns 1,417,600 shares of the data storage provider’s stock worth $204,602,000 after acquiring an additional 1,327,197 shares during the period. Charles Schwab Investment Management Inc. lifted its position in Seagate Technology by 1.5% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 1,386,524 shares of the data storage provider’s stock worth $200,117,000 after acquiring an additional 20,618 shares during the last quarter. Finally, Norges Bank bought a new stake in Seagate Technology during the second quarter valued at about $197,027,000. Institutional investors own 92.87% of the company’s stock.

Insider Activity

In other news, EVP Ban Seng Teh sold 6,000 shares of the stock in a transaction that occurred on Wednesday, November 5th. The stock was sold at an average price of $270.00, for a total value of $1,620,000.00. Following the completion of the transaction, the executive vice president directly owned 12,041 shares of the company’s stock, valued at approximately $3,251,070. This represents a 33.26% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Stephanie Tilenius sold 2,046 shares of the firm’s stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $266.41, for a total value of $545,074.86. Following the transaction, the director owned 12,244 shares of the company’s stock, valued at $3,261,924.04. This trade represents a 14.32% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 131,145 shares of company stock valued at $36,425,168. 0.79% of the stock is owned by company insiders.

Seagate Technology Price Performance

Shares of Seagate Technology stock opened at $318.44 on Wednesday. Seagate Technology Holdings PLC has a 52-week low of $63.19 and a 52-week high of $332.00. The firm has a market capitalization of $68.01 billion, a PE ratio of 40.88, a price-to-earnings-growth ratio of 1.26 and a beta of 1.60. The company’s fifty day moving average price is $280.60 and its two-hundred day moving average price is $220.23.

Seagate Technology Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 9th. Investors of record on Wednesday, December 24th were given a $0.74 dividend. This represents a $2.96 annualized dividend and a yield of 0.9%. This is a boost from Seagate Technology’s previous quarterly dividend of $0.72. The ex-dividend date of this dividend was Wednesday, December 24th. Seagate Technology’s dividend payout ratio (DPR) is currently 38.00%.

Seagate Technology News Roundup

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

Positive Sentiment: Seagate launched 32TB drives across Exos, SkyHawk AI and IronWolf Pro, positioning the company to capture growing AI video-analytics and edge-to-cloud storage demand. Seagate’s 32TB HDDs Launch Expands Its Reach in AI Video Analytics
Positive Sentiment: Company announcement that 32TB capacities are now shipping globally to channel and retail partners should help near-term revenue capture as enterprise and AI workloads scale. Seagate 32TB Capacities Now Shipping to Channel and Retail Partners Globally
Positive Sentiment: Analysts point to strengthening data-center demand (the business drives ~80% of revenue) that helped recent revenue growth and supports margin improvements and a constructive outlook. Data Center Momentum Accelerates Seagate’s Revenue Growth
Positive Sentiment: Brokerage consensus sits at a “Moderate Buy,” which can support investor confidence heading into results. Seagate Technology Holdings PLC (NASDAQ:STX) Receives Consensus Recommendation of “Moderate Buy” from Brokerages
Neutral Sentiment: Seagate will report fiscal Q2 FY26 results on January 27; earnings and guidance can drive short-term volatility depending on revenue, margins and demand commentary. Seagate Technology to Report Fiscal Second Quarter 2026 Financial Results on January 27, 2026
Neutral Sentiment: Coverage pieces note Seagate’s massive one‑year run (~242%) and argue the stock faces both upside from HAMR/high-capacity adoption and the risk of mean reversion after the rally. What’s Next for Seagate Stock After a 241.8% Stellar Run in a Year?
Negative Sentiment: Broader market commentary warns of a rotation from growth to value amid Fed-rate uncertainty; such sector-wide pressure on tech and high‑duration names could weigh on STX despite its hardware exposure. Tech Wreck or Valuation Reset? Rotating to Value in 2026 (STX)

Analyst Ratings Changes

A number of research firms have recently commented on STX. Morgan Stanley lifted their price objective on Seagate Technology from $270.00 to $337.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 17th. Wedbush lifted their price target on Seagate Technology from $260.00 to $290.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 29th. Barclays increased their price objective on Seagate Technology from $200.00 to $240.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 29th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Seagate Technology in a research report on Monday, December 29th. Finally, Bank of America upped their target price on shares of Seagate Technology from $275.00 to $320.00 and gave the company a “buy” rating in a research note on Thursday, November 20th. Two investment analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $293.13.

View Our Latest Report on Seagate Technology

Seagate Technology Profile

(Free Report)

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.