Bank of New York Mellon Corp Acquires 26,636 Shares of Seagate Technology Holdings PLC $STX

Bank of New York Mellon Corp boosted its stake in Seagate Technology Holdings PLC (NASDAQ:STX) by 2.6% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,045,828 shares of the data storage provider’s stock after purchasing an additional 26,636 shares during the period. Bank of New York Mellon Corp owned about 0.49% of Seagate Technology worth $246,878,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of STX. Harbor Asset Planning Inc. bought a new position in shares of Seagate Technology during the second quarter worth about $27,000. Rakuten Securities Inc. increased its position in 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 purchasing an additional 168 shares during the period. MTM Investment Management LLC bought a new position in Seagate Technology during the 2nd quarter worth approximately $29,000. First Horizon Corp acquired a new position in shares of Seagate Technology in the 3rd quarter worth approximately $33,000. Finally, GoalVest Advisory LLC boosted its stake in shares of Seagate Technology by 30.6% in the 2nd 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 institutional investors and hedge funds.

Seagate Technology Stock Up 0.8%

STX stock opened at $446.57 on Friday. The stock’s 50 day simple moving average is $301.25 and its 200 day simple moving average is $236.62. The company has a market cap of $95.37 billion, a P/E ratio of 50.52, a price-to-earnings-growth ratio of 1.29 and a beta of 1.60. The company has a debt-to-equity ratio of 7.63, a quick ratio of 0.62 and a current ratio of 1.12. Seagate Technology Holdings PLC has a fifty-two week low of $63.19 and a fifty-two week high of $457.84.

Seagate Technology (NASDAQ:STX) last announced 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. Seagate Technology had a negative return on equity of 936.38% and a net margin of 19.59%.The firm had revenue of $2.83 billion during the quarter, compared to analysts’ expectations of $2.73 billion. During the same quarter last year, the firm posted $2.03 earnings per share. The company’s revenue for the quarter was up 21.5% compared to the same quarter last year. Seagate Technology has set its Q3 2026 guidance at 3.200-3.600 EPS. On average, research analysts expect that Seagate Technology Holdings PLC will post 6.83 earnings per share for the current fiscal year.

Seagate Technology Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 8th. Shareholders of record on Wednesday, March 25th will be issued a dividend of $0.74 per share. The ex-dividend date is Wednesday, March 25th. This represents a $2.96 annualized dividend and a 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 beat and raised guidance — Seagate reported $3.11 EPS and $2.83B revenue (both above consensus), delivered record margins and issued Q3 EPS guidance of $3.20–$3.60 (above Street estimates); this fundamental beat and stronger outlook are the main catalysts lifting the stock. Seagate Q2 Highlights
• Positive Sentiment: Demand commentary — Management said Seagate is effectively sold out through 2026 as AI-led data-center demand ramps, supporting visibility into revenue and pricing power for nearline capacity. Seagate Sold Out Through 2026
• Positive Sentiment: Large analyst target upgrades — Multiple firms raised price targets and ratings after the print (examples: Robert W. Baird to $505, Cantor/Rosenblatt/TD Cowen to $500+, Evercore to $450 and Citigroup to $460), which likely amplified buying from momentum and institutional flows. Evercore Price Target Update
• Neutral Sentiment: Mixed analyst positioning — Some houses raised targets but a few major banks still have neutral/discounted targets relative to the rally (Goldman/UBS/Barclays still below the intraday highs), signaling differing views on sustainable valuation. Analyst Rating Coverage
• Neutral Sentiment: Dividend maintained — Seagate declared a quarterly dividend (modest yield ~0.7%), a shareholder-friendly item but unlikely to be a primary driver of the share move.
• Negative Sentiment: Insider sale — EVP James Ci Lee sold 673 shares recently, reducing his holdings materially; insider sales can be interpreted negatively by some investors even though the sale size is small relative to the market cap. SEC Form 4

Insider Transactions at Seagate Technology

In related news, Director Yolanda Lee Conyers sold 750 shares of the company’s stock in a transaction on 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 sale, the director owned 5,601 shares in the company, valued at approximately $1,528,568.91. This represents a 11.81% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Gianluca Romano sold 54,021 shares of the stock in a transaction on 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 of the company’s stock, valued at $16,052,511.88. The trade was a 48.97% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 124,902 shares of company stock valued at $34,819,987. Corporate insiders own 0.79% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Fox Advisors lifted their target price on shares of Seagate Technology from $245.00 to $270.00 in a research note on Wednesday, October 29th. Wedbush lifted their price objective on Seagate Technology from $290.00 to $380.00 and gave the stock an “outperform” rating in a research report on Friday, January 23rd. UBS Group upped their target price on Seagate Technology from $335.00 to $385.00 and gave the company a “neutral” rating in a research report on Wednesday. TD Cowen raised their target price on Seagate Technology from $340.00 to $500.00 and gave the stock a “buy” rating in a research note on Wednesday. Finally, Rosenblatt Securities boosted their price target on Seagate Technology from $370.00 to $500.00 and gave the company a “buy” rating in a research note on Wednesday. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $411.04.

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.