CCM Investment Advisers LLC Decreases Position in Seagate Technology Holdings PLC $STX

CCM Investment Advisers LLC reduced its stake in shares of Seagate Technology Holdings PLC (NASDAQ:STX) by 11.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 102,281 shares of the data storage provider’s stock after selling 13,714 shares during the period. Seagate Technology accounts for 2.7% of CCM Investment Advisers LLC’s portfolio, making the stock its 9th biggest holding. CCM Investment Advisers LLC’s holdings in Seagate Technology were worth $28,167,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. WCM Investment Management LLC bought a new stake in Seagate Technology during the 3rd quarter worth approximately $1,187,621,000. Arrowstreet Capital Limited Partnership boosted its position in shares of Seagate Technology by 1,072.5% in the third quarter. Arrowstreet Capital Limited Partnership now owns 2,949,512 shares of the data storage provider’s stock worth $696,262,000 after purchasing an additional 2,697,957 shares during the period. Norges Bank bought a new position in shares of Seagate Technology in the second quarter worth approximately $197,027,000. Soroban Capital Partners LP increased its stake in shares of Seagate Technology by 1,468.1% in the second quarter. Soroban Capital Partners LP now owns 1,417,600 shares of the data storage provider’s stock worth $204,602,000 after purchasing an additional 1,327,197 shares in the last quarter. Finally, Trivest Advisors Ltd purchased a new stake in shares of Seagate Technology in the third quarter worth $170,435,000. 92.87% of the stock is currently owned by institutional investors.

Key Headlines Impacting Seagate Technology

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.

Insider Buying and Selling

In related news, EVP Kian Fatt Chong sold 5,846 shares of the stock in a transaction that occurred on Monday, February 23rd. The stock was sold at an average price of $416.48, for a total transaction of $2,434,742.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Ban Seng Teh sold 20,195 shares of the firm’s stock in a transaction that occurred on Thursday, January 29th. The shares were sold at an average price of $442.29, for a total value of $8,932,046.55. Following the transaction, the executive vice president owned 3,092 shares of the company’s stock, valued at $1,367,560.68. This represents a 86.72% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 113,635 shares of company stock valued at $44,430,443 in the last ninety days. Company insiders own 0.79% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on STX. KeyCorp set a $500.00 target price on shares of Seagate Technology in a research note on Wednesday, January 28th. Weiss Ratings reiterated a “buy (b)” rating on shares of Seagate Technology in a research note on Monday, December 29th. TD Cowen raised their price target on Seagate Technology from $340.00 to $500.00 and gave the company a “buy” rating in a report on Wednesday, January 28th. Benchmark boosted their price objective on Seagate Technology from $255.00 to $325.00 and gave the company a “buy” rating in a research report on Tuesday, December 16th. Finally, The Goldman Sachs Group upped their price objective on Seagate Technology from $310.00 to $385.00 and gave the stock a “buy” rating in a research note on Wednesday, January 28th. One analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $447.35.

Seagate Technology Price Performance

Shares of NASDAQ:STX opened at $413.22 on Thursday. The firm has a market cap of $90.11 billion, a price-to-earnings ratio of 46.74, a P/E/G ratio of 0.95 and a beta of 1.61. The firm has a fifty day moving average price of $395.15 and a 200 day moving average price of $304.77. 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 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 announced its quarterly earnings results on Tuesday, January 27th. The data storage provider reported $3.11 EPS for the quarter, topping the consensus estimate 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 business had revenue of $2.83 billion for the quarter, compared to analysts’ expectations of $2.73 billion. During the same quarter in the previous year, the company earned $2.03 EPS. The business’s quarterly revenue 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. As a group, sell-side analysts expect that Seagate Technology Holdings PLC will post 6.83 earnings per share for the current fiscal year.

Seagate Technology Announces Dividend

The company 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. This represents a $2.96 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date is Wednesday, March 25th. Seagate Technology’s payout ratio is currently 33.48%.

About Seagate Technology

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.