2,800 Shares in Seagate Technology Holdings PLC $STX Purchased by Connective Portfolio Management LLC

Connective Portfolio Management LLC bought a new stake in Seagate Technology Holdings PLC (NASDAQ:STX) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 2,800 shares of the data storage provider’s stock, valued at approximately $771,000. Seagate Technology makes up approximately 1.4% of Connective Portfolio Management LLC’s holdings, making the stock its 26th largest holding.

A number of other hedge funds and other institutional investors also recently modified their holdings of STX. Integrated Wealth Concepts LLC boosted its stake in shares of Seagate Technology by 168.0% during the 1st quarter. Integrated Wealth Concepts LLC now owns 7,177 shares of the data storage provider’s stock worth $610,000 after acquiring an additional 4,499 shares in the last quarter. Sivia Capital Partners LLC purchased a new position in Seagate Technology in the 2nd quarter valued at approximately $262,000. Rhumbline Advisers increased its stake in Seagate Technology by 0.5% in the 2nd quarter. Rhumbline Advisers now owns 246,868 shares of the data storage provider’s stock valued at $35,630,000 after purchasing an additional 1,134 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Seagate Technology by 1.5% during the second quarter. Charles Schwab Investment Management Inc. now owns 1,386,524 shares of the data storage provider’s stock worth $200,117,000 after purchasing an additional 20,618 shares during the last quarter. Finally, Coldstream Capital Management Inc. boosted its position in Seagate Technology by 94.8% during the second quarter. Coldstream Capital Management Inc. now owns 4,886 shares of the data storage provider’s stock worth $707,000 after purchasing an additional 2,378 shares in the last quarter. 92.87% of the stock is currently owned by institutional investors and hedge funds.

Seagate Technology Trading Down 2.8%

Shares of STX opened at $413.22 on Thursday. Seagate Technology Holdings PLC has a fifty-two week low of $63.19 and a fifty-two week high of $459.84. The company has a market capitalization of $90.11 billion, a PE ratio of 46.74, a price-to-earnings-growth ratio of 0.95 and a beta of 1.61. The stock has a fifty day moving average of $395.15 and a two-hundred day moving average of $304.77. The company has a debt-to-equity ratio of 7.63, a quick ratio of 0.72 and a current ratio of 1.12.

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

Seagate Technology Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 8th. Investors of record on Wednesday, March 25th will be given 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 (DPR) is currently 33.48%.

Insider Activity at Seagate Technology

In other news, EVP James Ci Lee sold 673 shares of the company’s stock in a transaction on Monday, January 26th. The stock was sold at an average price of $348.85, for a total transaction of $234,776.05. Following the completion of the sale, the executive vice president directly owned 257 shares in the company, valued at $89,654.45. This represents a 72.37% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO William D. Mosley sold 24,584 shares of the company’s stock in a transaction dated Thursday, March 19th. The stock was sold at an average price of $406.77, for a total value of $10,000,033.68. Following the sale, the chief executive officer owned 375,591 shares of the company’s stock, valued at $152,779,151.07. This represents a 6.14% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 113,635 shares of company stock worth $44,430,443. 0.79% of the stock is owned by corporate insiders.

Seagate Technology News Summary

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

• Positive Sentiment: Analyst upgrades and higher price targets. Multiple firms have raised targets and ratings this quarter, and MarketBeat notes Seagate among the most-upgraded names — supporting longer-term bullish sentiment and providing upside thesis for investors. Read More.
• Positive Sentiment: Memory/storage demand from AI/data centers remains a tailwind. Bloomberg coverage highlighted memory and storage names (including Seagate) as Wall Street favorites as AI spending drives outsized demand for data-center storage — a key fundamental driver for revenue and margins. Read More.
• Positive Sentiment: Dividend declaration/ex‑dividend date: Seagate recently declared a quarterly dividend (record/ex-dividend timing noted in filings), which supports income-focused buyers and can stabilize demand at current price levels. (See company filings summarized in recent coverage.)
• Neutral Sentiment: Very high implied volatility (IV Rank ~80%) — creates trading opportunities but also larger short-term price swings; options strategies like iron condors are being highlighted as possible ways to generate returns if volatility calms. Read More.
• Neutral Sentiment: Valuation/momentum checks: recent strong multi-month returns have prompted fresh valuation analysis — some see continued upside, others warn of re‑rating risk if growth expectations slip. Useful context for investors weighing longer-term buys vs. near-term profit-taking. Read More.
• Neutral Sentiment: Ideas about intrinsic value: broader market write-ups have included Seagate as a candidate for potential undervaluation in a pullback — relevant for value-minded investors doing discounted cash‑flow or relative valuation work. Read More.
• Neutral Sentiment: Short-interest reports are inconsistent/appear to show zero in recent feeds — the data looks unreliable across sources, so don’t rely on those prints until confirmed by the exchange’s official release.
• Negative Sentiment: Insider selling: CEO William Mosley sold ~24,584 shares (~$10M) in mid‑March. Insider sales can trigger short-term selling pressure and are being cited by traders as a reason for pullback. Read More.

Wall Street Analyst Weigh In

Several analysts have weighed in on STX shares. Wedbush upped their target price on Seagate Technology from $290.00 to $380.00 and gave the company an “outperform” rating in a report on Friday, January 23rd. Argus boosted their price objective on shares of Seagate Technology from $300.00 to $450.00 and gave the stock a “buy” rating in a research report on Thursday, January 29th. Bank of America increased their price objective on shares of Seagate Technology from $320.00 to $400.00 and gave the company a “buy” rating in a research note on Tuesday, January 20th. Benchmark raised their target price on shares of Seagate Technology from $255.00 to $325.00 and gave the company a “buy” rating in a report on Tuesday, December 16th. Finally, TD Cowen lifted their target price on shares of Seagate Technology from $340.00 to $500.00 and gave the stock a “buy” rating in a research report on Wednesday, January 28th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $447.35.

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.