National Pension Service lifted its stake in Seagate Technology Holdings PLC (NASDAQ:STX – Free Report) by 298.7% in the fourth quarter, Holdings Channel.com reports. The fund owned 997,223 shares of the data storage provider’s stock after purchasing an additional 747,102 shares during the period. National Pension Service’s holdings in Seagate Technology were worth $274,625,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors have also recently made changes to their positions in the stock. Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. bought a new position in shares of Seagate Technology in the fourth quarter worth $1,514,000. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Seagate Technology by 85.4% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 41,400 shares of the data storage provider’s stock worth $11,401,000 after acquiring an additional 19,070 shares during the period. Intech Investment Management LLC boosted its holdings in shares of Seagate Technology by 719.2% in the fourth quarter. Intech Investment Management LLC now owns 52,968 shares of the data storage provider’s stock worth $14,587,000 after acquiring an additional 46,502 shares during the period. Foundations Investment Advisors LLC boosted its holdings in shares of Seagate Technology by 42.7% in the fourth quarter. Foundations Investment Advisors LLC now owns 2,184 shares of the data storage provider’s stock worth $601,000 after acquiring an additional 654 shares during the period. Finally, Baker Avenue Asset Management LP boosted its holdings in shares of Seagate Technology by 1,255.8% in the fourth quarter. Baker Avenue Asset Management LP now owns 9,327 shares of the data storage provider’s stock worth $2,569,000 after acquiring an additional 10,134 shares during the period. 92.87% of the stock is owned by institutional investors.
More Seagate Technology News
Here are the key news stories impacting Seagate Technology this week:
- Positive Sentiment: Barclays raised its price target on Seagate Technology Holdings PLC (STX) to $1,000 from $750 and kept an overweight rating, signaling further upside as demand remains strong. Seagate Tech (STX) Receives a Buy from Barclays
- Positive Sentiment: Multiple reports highlighted Seagate’s AI storage opportunity, with commentary pointing to accelerating hyperscale demand, HAMR adoption, and strong margin performance as key growth drivers. Seagate: Micron And SK Hynix Gave The Greenlight To Buy More
- Positive Sentiment: Seagate closed a privately negotiated exchange of $185.9 million of exchangeable notes, a balance-sheet and capital-structure move that may be viewed favorably by investors. Seagate Announces Closing of Exchanges with Holders of $185.908 Million Principal Amount of Exchangeable Notes
- Neutral Sentiment: Several articles revisited why STX has been up sharply since its last earnings report, reflecting continued investor focus on the company’s strong post-earnings momentum rather than a new catalyst. Why Is Seagate (STX) Up 35.3% Since Last Earnings Report?
- Neutral Sentiment: Seagate’s recent conference presentation and broader analyst coverage underscore ongoing optimism, but these items are more confirmatory than fresh catalysts for the stock. Seagate Technology Holdings plc Presents at TD Cowen’s 54th Annual Technology, Media & Telecom Conference Transcript
- Negative Sentiment: There were no major company-specific negative headlines in the provided articles; the main risk is that the stock’s strong run could leave it vulnerable if AI storage demand or margins cool.
Insider Buying and Selling at Seagate Technology
Seagate Technology Trading Up 1.2%
Shares of STX stock opened at $880.72 on Friday. 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 $116.28 and a 52-week high of $905.39. The company has a market capitalization of $197.48 billion, a PE ratio of 83.56 and a beta of 1.98. The business’s fifty day moving average is $602.56 and its 200 day moving average is $428.87.
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. Seagate Technology had a return on equity of 1,005.65% and a net margin of 21.60%.The company had revenue of $3.11 billion for the quarter, compared to the consensus estimate of $2.96 billion. During the same quarter last year, the business posted $1.90 earnings per share. The firm’s revenue was up 44.1% compared to the same quarter last year. Seagate Technology has set its Q4 2026 guidance at 4.800-5.200 EPS. On average, equities research analysts anticipate that Seagate Technology Holdings PLC will post 14.1 EPS for the current fiscal year.
Seagate Technology Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 7th. Shareholders of record on Wednesday, June 24th will be given a dividend of $0.74 per share. The ex-dividend date is Wednesday, June 24th. This represents a $2.96 dividend on an annualized basis and a yield of 0.3%. Seagate Technology’s dividend payout ratio (DPR) is presently 28.08%.
Wall Street Analyst Weigh In
A number of research firms have recently commented on STX. Sanford C. Bernstein raised their price target on Seagate Technology from $620.00 to $1,000.00 and gave the stock an “outperform” rating in a report on Wednesday, April 29th. Barclays raised their price target on Seagate Technology from $750.00 to $1,000.00 and gave the stock an “overweight” rating in a report on Wednesday. BNP Paribas Exane increased their price objective on Seagate Technology from $530.00 to $860.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 29th. Morgan Stanley increased their price objective on Seagate Technology from $582.00 to $767.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 29th. Finally, Cantor Fitzgerald increased their price objective on Seagate Technology from $700.00 to $1,000.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 29th. One research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $746.63.
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.
Read More
- Five stocks we like better than Seagate Technology
- 3 Stocks Rallying on Micron’s Price Boost: Substance or Hype?
- Snowflake and the Snowballing Impact of its AI Flywheel
- AI’s Biggest Bottleneck Could Make These 2 Stocks Soar
- These 3 Beaten-Down Stocks Just Saw $25 Million in Insider Buying
Want to see what other hedge funds are holding STX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Seagate Technology Holdings PLC (NASDAQ:STX – Free Report).
Receive News & Ratings for Seagate Technology Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Seagate Technology and related companies with MarketBeat.com's FREE daily email newsletter.
