Earned Wealth Advisors LLC bought a new position in shares of Seagate Technology Holdings PLC (NASDAQ:STX – Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 912 shares of the data storage provider’s stock, valued at approximately $251,000.
Several other hedge funds and other institutional investors also recently modified their holdings of the business. WCM Investment Management LLC bought a new stake in Seagate Technology during the 3rd quarter valued at $1,187,621,000. Arrowstreet Capital Limited Partnership grew 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 valued at $696,262,000 after purchasing an additional 2,697,957 shares in the last quarter. Massachusetts Financial Services Co. MA raised its stake in shares of Seagate Technology by 1,510.1% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 2,008,516 shares of the data storage provider’s stock valued at $553,125,000 after purchasing an additional 1,883,769 shares during the period. Soroban Capital Partners LP raised its stake in shares of Seagate Technology by 1,468.1% during the 2nd quarter. Soroban Capital Partners LP now owns 1,417,600 shares of the data storage provider’s stock valued at $204,602,000 after purchasing an additional 1,327,197 shares during the period. Finally, Trivest Advisors Ltd purchased a new stake in Seagate Technology during the 3rd quarter worth about $170,435,000. Institutional investors own 92.87% of the company’s stock.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently issued reports on the stock. Argus increased their price target on shares of Seagate Technology from $300.00 to $450.00 and gave the stock a “buy” rating in a report on Thursday, January 29th. Wedbush upped their target price on shares of Seagate Technology from $290.00 to $380.00 and gave the stock an “outperform” rating in a report on Friday, January 23rd. Weiss Ratings reiterated a “buy (b)” rating on shares of Seagate Technology in a research note on Friday, March 27th. Rosenblatt Securities raised their price target on shares of Seagate Technology from $370.00 to $500.00 and gave the company a “buy” rating in a report on Wednesday, January 28th. Finally, Evercore boosted their price target on shares of Seagate Technology from $450.00 to $550.00 and gave the company an “outperform” rating in a research report on Wednesday, April 8th. Nineteen analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, Seagate Technology has an average rating of “Moderate Buy” and an average price target of $505.79.
Insider Buying and Selling
In related news, CEO William D. Mosley sold 20,000 shares of the stock in a transaction on Wednesday, April 1st. The shares were sold at an average price of $420.73, for a total transaction of $8,414,600.00. Following the transaction, the chief executive officer owned 355,591 shares of the company’s stock, valued at approximately $149,607,801.43. This trade represents a 5.32% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Jay L. Geldmacher sold 925 shares of Seagate Technology stock in a transaction on Friday, January 30th. The stock was sold at an average price of $448.02, for a total transaction of $414,418.50. Following the completion of the transaction, the director owned 223 shares in the company, valued at approximately $99,908.46. The trade was a 80.57% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 112,223 shares of company stock worth $46,711,217 in the last ninety days. 0.79% of the stock is currently owned by insiders.
Key Headlines Impacting Seagate Technology
Here are the key news stories impacting Seagate Technology this week:
- Positive Sentiment: Wall Street earnings preview: Analysts expect Seagate to report strong growth and the setup points toward a likely earnings beat when STX reports next week — a near-term catalyst that can support the stock. Seagate (STX) Reports Next Week: Wall Street Expects Earnings Growth
- Positive Sentiment: Bank of America raised its price target to $605 and boosted Seagate’s forward revenue and EPS estimates, signaling increased confidence in sustained demand into fiscal 2026 — a clear analyst endorsement that supports upside. Seagate Technology price target boosted by Bank of America ahead of quarterly report
- Positive Sentiment: AI/data-center theme: Industry pieces name Seagate as a primary beneficiary of the multi-year AI data-center buildout, reinforcing secular demand for storage capacity that underpins revenue visibility. 5 Stocks Positioned to Win the AI Data Center Buildout (STX)
- Positive Sentiment: Sector momentum: Forecasts on AI parts continue to point to upside for storage names like STX as data-center buildouts and component demand trend higher. SNDK, WDC and STX Forecasts – AI Parts Look to Rally
- Neutral Sentiment: Broad-market context: The Nasdaq’s recent win streak ended, creating short-term tech-sector volatility that could temper momentum for high-beta names like STX even as company-specific drivers remain positive. Nasdaq Finally Snaps Longest Win Streak Since 1992
- Negative Sentiment: UBS raised its price target to $515 but kept a Neutral rating — that PT sits below the current market level and may cap near-term upside while signaling some caution from a major desk. Benzinga coverage of UBS price-target move
- Negative Sentiment: Valuation and leverage concerns: Commentary highlighting STX’s large run (reported ~616% Y/Y) warns that the stock’s valuation looks stretched and that the company’s debt profile remains a risk if growth cools — key downsides investors should weigh. Seagate’s Massive 616% Run in a Year: Time to Buy, Sell, or Stay Put?
Seagate Technology Price Performance
STX opened at $559.90 on Wednesday. The company has a current ratio of 1.12, a quick ratio of 0.72 and a debt-to-equity ratio of 7.63. The stock has a market capitalization of $122.10 billion, a P/E ratio of 63.34, a PEG ratio of 1.17 and a beta of 1.61. The stock has a 50-day moving average price of $428.10 and a 200-day moving average price of $339.13. Seagate Technology Holdings PLC has a 12-month low of $74.60 and a 12-month high of $567.70.
Seagate Technology (NASDAQ:STX – Get Free Report) last announced its quarterly earnings data on Tuesday, January 27th. The data storage provider reported $3.11 earnings per share for the quarter, beating analysts’ consensus estimates of $2.77 by $0.34. The company 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%.Seagate Technology’s revenue for the quarter was up 21.5% compared to the same quarter last year. During the same period last year, the firm posted $2.03 EPS. Seagate Technology has set its Q3 2026 guidance at 3.200-3.600 EPS. Equities analysts predict that Seagate Technology Holdings PLC will post 12.13 earnings per share for the current fiscal year.
Seagate Technology Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 8th. Stockholders of record on Wednesday, March 25th were paid a $0.74 dividend. The ex-dividend date of this dividend was Wednesday, March 25th. This represents a $2.96 dividend on an annualized basis and a dividend yield of 0.5%. Seagate Technology’s dividend payout ratio is 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.
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