Central Asset Investments & Management Holdings HK Ltd lifted its stake in shares of Seagate Technology Holdings PLC (NASDAQ:STX – Free Report) by 304.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 88,224 shares of the data storage provider’s stock after buying an additional 66,399 shares during the period. Seagate Technology comprises about 15.8% of Central Asset Investments & Management Holdings HK Ltd’s holdings, making the stock its largest position. Central Asset Investments & Management Holdings HK Ltd’s holdings in Seagate Technology were worth $24,296,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds also recently modified their holdings of the stock. Vanguard Group Inc. boosted its position in shares of Seagate Technology by 1.6% during the third quarter. Vanguard Group Inc. now owns 28,140,287 shares of the data storage provider’s stock valued at $6,642,796,000 after buying an additional 442,749 shares during the last quarter. State Street Corp grew its stake in Seagate Technology by 3.1% in the 3rd quarter. State Street Corp now owns 9,276,278 shares of the data storage provider’s stock valued at $2,196,420,000 after purchasing an additional 274,913 shares during the period. WCM Investment Management LLC bought a new position in Seagate Technology in the 3rd quarter valued at $1,187,621,000. Arrowstreet Capital Limited Partnership grew its stake in Seagate Technology by 1,072.5% in the 3rd 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 during the period. Finally, Massachusetts Financial Services Co. MA grew its stake in Seagate Technology by 1,510.1% in 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. Hedge funds and other institutional investors own 92.87% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of research analysts have issued reports on the company. Citigroup upped their price objective on Seagate Technology from $595.00 to $740.00 and gave the company a “buy” rating in a research note on Wednesday, April 29th. Wells Fargo & Company upped their price objective on Seagate Technology from $450.00 to $700.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 29th. Cantor Fitzgerald upped their price objective on Seagate Technology from $700.00 to $1,000.00 and gave the company an “overweight” rating in a research note on Wednesday, April 29th. Sanford C. Bernstein upped their price objective on Seagate Technology from $620.00 to $1,000.00 and gave the company an “outperform” rating in a research note on Wednesday, April 29th. Finally, Wall Street Zen upgraded Seagate Technology from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. One analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $719.54.
Seagate Technology Stock Performance
Shares of STX opened at $817.35 on Thursday. The stock’s 50-day simple moving average is $508.89 and its 200 day simple moving average is $386.39. The stock has a market capitalization of $183.27 billion, a price-to-earnings ratio of 77.55 and a beta of 1.98. The company has a debt-to-equity ratio of 3.16, a quick ratio of 0.85 and a current ratio of 1.33. Seagate Technology Holdings PLC has a 52-week low of $103.73 and a 52-week high of $841.31.
Seagate Technology (NASDAQ:STX – Get Free Report) last issued its quarterly earnings data on Tuesday, April 28th. The data storage provider reported $4.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.51 by $0.59. The business had revenue of $3.11 billion for the quarter, compared to analysts’ expectations of $2.96 billion. Seagate Technology had a return on equity of 1,005.65% and a net margin of 21.60%.The firm’s quarterly revenue was up 44.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.90 EPS. Seagate Technology has set its Q4 2026 guidance at 4.800-5.200 EPS. Research analysts forecast that Seagate Technology Holdings PLC will post 14.1 EPS for the current fiscal year.
Seagate Technology Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 7th. Investors of record on Wednesday, June 24th will be issued a dividend of $0.74 per share. The ex-dividend date of this dividend is Wednesday, June 24th. This represents a $2.96 dividend on an annualized basis and a yield of 0.4%. Seagate Technology’s dividend payout ratio is 28.08%.
Trending Headlines about Seagate Technology
Here are the key news stories impacting Seagate Technology this week:
- Positive Sentiment: Evercore raised its price target on Seagate Technology Holdings PLC (STX) to $1,000 and reiterated an outperform rating, signaling additional upside after an investor meeting focused on HAMR growth and AI-related storage demand. Seagate gets new $1,000 price target at Evercore after investor meeting
- Positive Sentiment: Another Evercore note also lifted the target to $1,000, highlighting HAMR technology as a key growth driver and reinforcing the bullish view on Seagate’s earnings power. Evercore ISI raises its Seagate stock price target to $1,000. HAMR technology growth is the major trigger
- Positive Sentiment: Seagate’s strong fiscal Q3 results and rising AI infrastructure optimism continue to support the stock, with reports noting record margins and about $1 billion in free cash flow. A Look At Seagate Technology Holdings (STX) Valuation After Strong Q3 Results And Growing AI Infrastructure Optimism
- Neutral Sentiment: Several articles highlighted Seagate’s long-term stock performance and market-cap growth, reflecting strong investor momentum but not adding new operating news. If You Invested $1000 In Seagate Technology Hldgs Stock 20 Years Ago, You Would Have This Much Today
Insider Buying and Selling at Seagate Technology
In related news, CEO William D. Mosley sold 20,000 shares of the stock in a transaction dated Wednesday, April 1st. The stock was sold at an average price of $420.73, for a total transaction of $8,414,600.00. Following the sale, the chief executive officer owned 355,591 shares of the company’s stock, valued at approximately $149,607,801.43. This represents a 5.32% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP James Ci Lee sold 697 shares of the stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $741.17, for a total value of $516,595.49. Following the sale, the executive vice president directly owned 324 shares in the company, valued at $240,139.08. This trade represents a 68.27% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 102,723 shares of company stock worth $53,301,684 in the last three months. 0.79% of the stock is currently owned by corporate insiders.
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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