AustralianSuper Pty Ltd Buys 1,547 Shares of Seagate Technology Holdings PLC $STX

AustralianSuper Pty Ltd increased its stake in Seagate Technology Holdings PLC (NASDAQ:STX) by 6.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 24,093 shares of the data storage provider’s stock after purchasing an additional 1,547 shares during the quarter. AustralianSuper Pty Ltd’s holdings in Seagate Technology were worth $5,687,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. National Pension Service increased its holdings in Seagate Technology by 28.0% in the 3rd quarter. National Pension Service now owns 250,121 shares of the data storage provider’s stock worth $59,044,000 after acquiring an additional 54,722 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. bought a new position in shares of Seagate Technology in the third quarter worth approximately $1,864,000. Central Asset Investments & Management Holdings HK Ltd increased its stake in shares of Seagate Technology by 185.8% in the second quarter. Central Asset Investments & Management Holdings HK Ltd now owns 18,734 shares of the data storage provider’s stock worth $2,704,000 after purchasing an additional 12,178 shares in the last quarter. Estate Counselors LLC bought a new stake in shares of Seagate Technology during the 3rd quarter valued at $2,557,000. Finally, Vision Financial Markets LLC lifted its stake in shares of Seagate Technology by 341.7% during the 3rd quarter. Vision Financial Markets LLC now owns 5,300 shares of the data storage provider’s stock valued at $1,251,000 after buying an additional 4,100 shares in the last quarter. 92.87% of the stock is currently owned by hedge funds and other institutional investors.

Seagate Technology Price Performance

Seagate Technology stock opened at $357.62 on Wednesday. Seagate Technology Holdings PLC has a 52-week low of $63.19 and a 52-week high of $459.84. The company has a quick ratio of 0.72, a current ratio of 1.12 and a debt-to-equity ratio of 7.63. The firm’s fifty day moving average is $363.42 and its 200 day moving average is $280.15. The company has a market cap of $77.99 billion, a price-to-earnings ratio of 40.45, a PEG ratio of 0.85 and a beta of 1.61.

Seagate Technology (NASDAQ:STX) last posted its earnings results on Tuesday, January 27th. The data storage provider reported $3.11 earnings per share for the quarter, topping analysts’ consensus estimates of $2.77 by $0.34. Seagate Technology had a net margin of 19.59% and a negative return on equity of 936.38%. The firm had revenue of $2.83 billion for the quarter, compared to the consensus estimate of $2.73 billion. During the same period in the previous year, the firm posted $2.03 EPS. The business’s quarterly revenue was up 21.5% on a year-over-year basis. Seagate Technology has set its Q3 2026 guidance at 3.200-3.600 EPS. Sell-side analysts forecast that Seagate Technology Holdings PLC will post 6.83 EPS for the current fiscal year.

Seagate Technology Dividend Announcement

The business also recently announced 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 is Wednesday, March 25th. This represents a $2.96 dividend on an annualized basis and a dividend yield of 0.8%. Seagate Technology’s payout ratio is 33.48%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. Barclays increased their price target on Seagate Technology from $370.00 to $425.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 28th. Evercore increased their target price on Seagate Technology from $330.00 to $450.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 28th. BNP Paribas Exane lifted their target price on Seagate Technology from $430.00 to $530.00 and gave the company an “outperform” rating in a research note on Wednesday, February 4th. TD Cowen upped their price target on Seagate Technology from $340.00 to $500.00 and gave the stock a “buy” rating in a research note on Wednesday, January 28th. Finally, Cantor Fitzgerald increased their price objective on shares of Seagate Technology from $500.00 to $650.00 and gave the company an “overweight” rating in a report on Wednesday, February 4th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, Seagate Technology presently has a consensus rating of “Moderate Buy” and an average target price of $447.35.

Insider Activity

In other Seagate Technology news, EVP James Ci Lee sold 673 shares of Seagate Technology stock in a transaction on Monday, January 26th. The shares were sold at an average price of $348.85, for a total transaction of $234,776.05. Following the completion of the transaction, the executive vice president directly owned 257 shares of the company’s stock, valued at $89,654.45. The trade was a 72.37% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO William D. Mosley sold 20,000 shares of the stock in a transaction on Friday, January 2nd. The shares were sold at an average price of $285.56, for a total transaction of $5,711,200.00. Following the completion of the sale, the chief executive officer directly owned 429,895 shares in the company, valued at approximately $122,760,816.20. This represents a 4.45% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 89,051 shares of company stock worth $34,430,409. Company insiders own 0.79% of the company’s stock.

More Seagate Technology News

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

• Positive Sentiment: Seagate launched its next‑generation Mozaic 4+ HAMR platform (up to 44TB) and is in production with two hyperscale cloud customers — a direct revenue and share-gain catalyst for higher-capacity enterprise storage. Seagate Delivers Industry’s Highest Capacity Hard Drives with Next-Generation Mozaic 4+
• Positive Sentiment: Bernstein raised its STX price target to $500 (from $370), citing HAMR-driven cost savings and durable demand — an analyst upgrade that supports upside to the stock’s consensus valuation. Seagate Technology Holdings plc (STX) Price Target Raised, HAMR Technology Drives Cost Savings
• Positive Sentiment: UBS raised memory pricing forecasts and price targets after industry meetings, arguing supply will remain tight — a favorable macro tailwind for storage vendors like Seagate if higher component prices support HDD demand and pricing. UBS raises memory chip price targets as supply crunch deepens, defying sector sell-off
• Neutral Sentiment: Seagate presented at the Morgan Stanley TMT conference — provides investor visibility into strategy and execution but contains no single material surprise to immediately change the outlook. Seagate Technology Holdings plc (STX) Presents at Morgan Stanley Technology, Media & Telecom Conference 2026 Transcript
• Neutral Sentiment: Consensus brokerage coverage remains constructive (average “Moderate Buy”), reflecting goodwill from recent earnings beats and guidance but not eliminating near‑term volatility. Seagate Technology Holdings PLC (NASDAQ:STX) Given Average Rating of “Moderate Buy” by Brokerages
• Neutral Sentiment: Seagate appeared in a market roundup of cash‑producing stocks — useful context for long‑term investors but not an immediate price driver. 2 Cash-Producing Stocks to Research Further and 1 We Avoid
• Negative Sentiment: CEO William Mosley sold 20,000 shares (~$7.7M) on March 2, reducing his stake ~4.8% — an insider sale that can trigger short‑term selling pressure and signal executive profit-taking. SEC Form 4
• Negative Sentiment: Valuation and leverage remain market concerns — STX trades at a high P/E (~40) and carries elevated debt (debt/equity ~7.6), which can amplify downside if macro conditions or demand soften.

Seagate Technology 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.