Seagate Technology Holdings PLC $STX Stake Decreased by Parkway Wealth Management Group LLC

20 Oct 2026, 11:29 by Tristan Rich · The Markets Daily

Parkway Wealth Management Group LLC cut its position in shares of Seagate Technology Holdings PLC (NASDAQ:STX – Free Report) by 41.2% during the third quarter, Holdings Channel reports. The institutional investor owned 5,310 shares of the data storage provider’s stock after selling 3,728 shares during the quarter. Parkway Wealth Management Group LLC’s holdings in Seagate Technology were worth $4,898,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in STX. Retirement Wealth Solutions LLC raised its holdings in Seagate Technology by 70.6% in the 2nd quarter. Retirement Wealth Solutions LLC now owns 29 shares of the data storage provider’s stock valued at $28,000 after acquiring an additional 12 shares in the last quarter. Jones Financial Companies Lllp acquired a new stake in shares of Seagate Technology during the 2nd quarter worth approximately $39,000. Trust Co. of Vermont acquired a new stake in shares of Seagate Technology during the 2nd quarter worth approximately $54,000. Triumph Capital Management increased its position in shares of Seagate Technology by 93.5% during the second quarter. Triumph Capital Management now owns 60 shares of the data storage provider’s stock valued at $58,000 after purchasing an additional 29 shares during the period. Finally, Cornerstone Financial Management LLC increased its position in shares of Seagate Technology by 109.7% during the second quarter. Cornerstone Financial Management LLC now owns 65 shares of the data storage provider’s stock valued at $63,000 after purchasing an additional 34 shares during the period. 92.87% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts recently commented on STX shares. Wedbush upped their target price on Seagate Technology from $825.00 to $1,000.00 and gave the company an “outperform” rating in a research note on Wednesday, July 29th. Fox Advisors downgraded shares of Seagate Technology from an “overweight” rating to an “equal weight” rating in a research note on Monday, June 22nd. Zacks Research downgraded shares of Seagate Technology from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 28th. Cantor Fitzgerald reissued an “overweight” rating and issued a $1,300.00 price target on shares of Seagate Technology in a report on Wednesday, July 29th. Finally, Morgan Stanley boosted their price target on shares of Seagate Technology from $1,035.00 to $1,187.00 and gave the company an “overweight” rating in a report on Wednesday, July 29th. Twenty-two equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $973.40.

Get Our Latest Research Report on Seagate Technology

Insider Buying and Selling

In related news, EVP John Morris sold 15,466 shares of the business’s stock in a transaction on Tuesday, September 15th. The stock was sold at an average price of $772.15, for a total value of $11,942,071.90. Following the sale, the executive vice president owned 31,132 shares of the company’s stock, valued at $24,038,573.80. The trade was a 33.19% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, EVP Ban Teh sold 52,730 shares of the business’s stock in a transaction on Tuesday, September 15th. The shares were sold at an average price of $782.08, for a total value of $41,239,078.40. Following the completion of the sale, the executive vice president directly owned 5,810 shares in the company, valued at approximately $4,543,884.80. This represents a 90.08% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 466,959 shares of company stock worth $378,840,741 over the last 90 days. Corporate insiders own 0.51% of the company’s stock.

Seagate Technology Stock Up 3.4%

Shares of STX opened at $660.81 on Tuesday. The stock has a market cap of $150.26 billion, a price-to-earnings ratio of 47.61 and a beta of 2.06. The company has a quick ratio of 1.17, a current ratio of 1.67 and a debt-to-equity ratio of 1.56. Seagate Technology Holdings PLC has a 12 month low of $209.00 and a 12 month high of $1,145.00. The company has a 50-day moving average price of $839.57 and a two-hundred day moving average price of $806.45.

Seagate Technology (NASDAQ:STX – Get Free Report) last released its quarterly earnings data on Tuesday, July 28th. The data storage provider reported $5.71 earnings per share for the quarter, beating analysts’ consensus estimates of $5.10 by $0.61. Seagate Technology had a return on equity of 369.98% and a net margin of 26.11%. The company had revenue of $3.63 billion for the quarter, compared to the consensus estimate of $3.50 billion. During the same period in the previous year, the business earned $2.59 earnings per share. The company’s quarterly revenue was up 48.5% on a year-over-year basis. Seagate Technology has set its Q1 2027 guidance at 7.100-7.500 EPS. Equities analysts predict that Seagate Technology Holdings PLC will post 35.70 EPS for the current fiscal year.

Seagate Technology Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 7th. Investors of record on Thursday, September 24th were given a dividend of $0.74 per share. This represents a $2.96 annualized dividend and a dividend yield of 0.4%. The ex-dividend date was Thursday, September 24th. Seagate Technology’s dividend payout ratio (DPR) is 21.33%.

Seagate Technology Profile

(Free Report)

Seagate Technology Holdings plc (NASDAQ: STX) is a data storage company that develops and manufactures mass-capacity storage products and solutions. Its portfolio is centered on hard disk drives (HDDs) used in cloud data centers, enterprise systems, network-attached storage, video and imaging applications, and personal computers.

The company also provides storage-related services and solutions designed to help organizations store, manage, protect, and access large volumes of digital information.