First Citizens Bank & Trust Co. Acquires Shares of 1,296 Seagate Technology Holdings PLC $STX

First Citizens Bank & Trust Co. purchased a new stake in shares of Seagate Technology Holdings PLC (NASDAQ:STX) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 1,296 shares of the data storage provider’s stock, valued at approximately $306,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in STX. Harbor Asset Planning Inc. purchased a new stake in Seagate Technology during the second quarter worth about $27,000. Rakuten Securities Inc. grew its position in shares of Seagate Technology by 884.2% during the 2nd quarter. Rakuten Securities Inc. now owns 187 shares of the data storage provider’s stock valued at $27,000 after acquiring an additional 168 shares during the period. MTM Investment Management LLC purchased a new stake in shares of Seagate Technology during the 2nd quarter worth approximately $29,000. First Horizon Corp bought a new stake in shares of Seagate Technology in the 3rd quarter worth approximately $33,000. Finally, GoalVest Advisory LLC lifted its stake in Seagate Technology by 30.6% in the second quarter. GoalVest Advisory LLC now owns 320 shares of the data storage provider’s stock valued at $46,000 after purchasing an additional 75 shares during the last quarter. 92.87% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Seagate Technology news, CEO William D. Mosley sold 20,000 shares of the firm’s stock in a transaction dated Friday, January 2nd. The stock was sold at an average price of $285.56, for a total value of $5,711,200.00. Following the sale, the chief executive officer owned 429,895 shares of the company’s stock, valued at $122,760,816.20. This trade represents a 4.45% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Gianluca Romano sold 54,021 shares of the firm’s stock in a transaction dated Wednesday, November 12th. The shares were sold at an average price of $285.16, for a total value of $15,404,628.36. Following the completion of the sale, the chief financial officer directly owned 56,293 shares in the company, valued at approximately $16,052,511.88. The trade was a 48.97% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 125,479 shares of company stock valued at $34,921,586 in the last ninety days. 0.79% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of analysts have issued reports on STX shares. Wells Fargo & Company raised their target price on Seagate Technology from $360.00 to $450.00 and gave the stock an “equal weight” rating in a research report on Wednesday. Barclays lifted their price objective on Seagate Technology from $370.00 to $425.00 and gave the stock an “equal weight” rating in a report on Wednesday. Bank of America upped their price objective 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. KeyCorp set a $500.00 target price on shares of Seagate Technology in a research note on Wednesday. Finally, Wedbush boosted their price target on shares of Seagate Technology from $290.00 to $380.00 and gave the company an “outperform” rating in a research report on Friday, January 23rd. Two research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, Seagate Technology currently has a consensus rating of “Moderate Buy” and an average price target of $392.35.

Seagate Technology Stock Up 19.1%

Shares of STX opened at $442.93 on Thursday. Seagate Technology Holdings PLC has a twelve month low of $63.19 and a twelve month high of $449.50. The stock has a market cap of $94.59 billion, a PE ratio of 56.86, a P/E/G ratio of 1.08 and a beta of 1.60. The business’s 50-day moving average price is $297.13 and its 200-day moving average price is $235.15.

Seagate Technology (NASDAQ:STX) last issued its quarterly earnings data on Tuesday, January 27th. The data storage provider reported $3.11 EPS for the quarter, beating the consensus estimate of $2.77 by $0.34. The company had revenue of $2.83 billion during the quarter, compared to analysts’ expectations of $2.73 billion. Seagate Technology had a net margin of 19.59% and a negative return on equity of 462.62%. Seagate Technology’s revenue for the quarter was up 21.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.03 earnings per share. Seagate Technology has set its Q3 2026 guidance at 3.200-3.600 EPS. Analysts expect that Seagate Technology Holdings PLC will post 6.83 earnings per share for the current fiscal year.

Seagate Technology Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 8th. Stockholders of record on Wednesday, March 25th will be issued a $0.74 dividend. The ex-dividend date of this dividend is Wednesday, March 25th. This represents a $2.96 annualized dividend and a dividend yield of 0.7%. Seagate Technology’s dividend payout ratio is presently 38.00%.

Seagate Technology News Summary

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

• Positive Sentiment: Q2 results beat expectations — EPS $3.11 and revenue $2.83B, with record gross and operating margins; management raised Q3 EPS and revenue guidance, underpinning the rally. Seagate Reports Fiscal Second Quarter 2026 Financial Results
• Positive Sentiment: Management says demand is surging on AI-related storage needs and the company is effectively “sold out” through 2026, implying strong near-term revenue visibility and pricing power. Seagate Is Sold Out Through 2026, CEO Says
• Positive Sentiment: Multiple analysts bumped price targets and issued upgrades following the results; several shops (Cantor, Rosenblatt, TD Cowen) raised targets to $500, adding upward analyst momentum. Analyst Coverage & Price Target Moves
• Positive Sentiment: Market reaction: STX hit record highs and topped the S&P 500 performance amid the earnings/guidance news and analyst praise. Seagate surge tops S&P 500
• Neutral Sentiment: Seagate declared a $0.74 quarterly dividend (record March 25 / pay April 8) — modest yield that supports income-minded holders but is not a major valuation driver.
• Neutral Sentiment: Some firms raised targets but maintained neutral/equal-weight ratings (Wells Fargo, Barclays, UBS), reflecting a mix of enthusiasm for demand and caution about near-term valuation. Analyst Updates
• Negative Sentiment: Not all price targets moved above the current price — a few post-earnings targets (e.g., GS/UBS at ~385) remain below the market, highlighting divergent analyst views and potential downside if sentiment cools. Analyst Target Notes
• Negative Sentiment: Some coverage notes short-term “cooling off”/profit-taking after the sharp run-up, so momentum-dependent traders face volatility risk even with strong fundamentals. Seagate cools off despite strong Q2

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.