Evergreen Quality Fund GP Ltd. bought a new position in shares of Seagate Technology Holdings PLC (NASDAQ:STX – Free Report) during the fourth quarter, Holdings Channel.com reports. The firm bought 5,100 shares of the data storage provider’s stock, valued at approximately $1,404,000.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Centennial Bank AR bought a new stake in Seagate Technology during the 4th quarter worth about $551,000. Armistice Capital LLC bought a new stake in Seagate Technology during the 4th quarter worth about $5,395,000. Align Financial LLC bought a new stake in Seagate Technology during the 4th quarter worth about $432,000. American Trust bought a new stake in Seagate Technology during the 4th quarter worth about $255,000. Finally, Caisse de depot et placement du Quebec bought a new stake in Seagate Technology during the 4th quarter worth about $31,834,000. 92.87% of the stock is owned by institutional investors.
Seagate Technology Stock Performance
Shares of Seagate Technology stock opened at $1,066.07 on Thursday. The company has a market capitalization of $239.04 billion, a PE ratio of 101.15 and a beta of 2.04. Seagate Technology Holdings PLC has a 12 month low of $130.32 and a 12 month high of $1,097.00. The company has a current ratio of 1.33, a quick ratio of 0.85 and a debt-to-equity ratio of 3.16. The stock’s fifty day simple moving average is $745.62 and its 200 day simple moving average is $493.64.
Seagate Technology Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 7th. Shareholders of record on Wednesday, June 24th will be issued a dividend of $0.74 per share. This represents a $2.96 annualized dividend and a yield of 0.3%. The ex-dividend date is Wednesday, June 24th. Seagate Technology’s dividend payout ratio (DPR) is 28.08%.
Wall Street Analyst Weigh In
Several analysts have weighed in on the company. Morgan Stanley boosted their price objective on Seagate Technology from $767.00 to $1,035.00 and gave the stock an “overweight” rating in a report on Monday. BNP Paribas Exane lifted their price objective on Seagate Technology from $530.00 to $860.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 29th. Cantor Fitzgerald lifted their price objective on Seagate Technology from $700.00 to $1,000.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 29th. JPMorgan Chase & Co. lifted their price objective on Seagate Technology from $775.00 to $920.00 and gave the stock an “overweight” rating in a research note on Thursday, June 11th. Finally, Rosenblatt Securities lifted their price objective on Seagate Technology from $500.00 to $1,000.00 and gave the stock a “buy” rating in a research note 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 issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $831.79.
Read Our Latest Stock Analysis on Seagate Technology
Insider Activity
In other Seagate Technology news, CEO William D. Mosley sold 1,768 shares of the firm’s stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $880.19, for a total transaction of $1,556,175.92. Following the sale, the chief executive officer directly owned 327,517 shares in the company, valued at approximately $288,277,188.23. This trade represents a 0.54% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Ban Seng Teh sold 989 shares of the firm’s stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $880.19, for a total transaction of $870,507.91. Following the sale, the executive vice president owned 4,290 shares in the company, valued at $3,776,015.10. This trade represents a 18.73% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 141,069 shares of company stock worth $107,161,712. Corporate insiders own 0.79% of the company’s stock.
Trending Headlines about Seagate Technology
Here are the key news stories impacting Seagate Technology this week:
- Positive Sentiment: Morgan Stanley’s bullish call helped reinforce the view that Seagate is a key beneficiary of AI infrastructure spending, with analysts citing pricing power and supply shortages that could support earnings for years. Article Title
- Positive Sentiment: Recent coverage has highlighted Seagate as one of the top-performing memory/storage names in 2026, as investors continue to favor companies tied to AI data-center buildout and rising storage demand. Article Title
- Positive Sentiment: Additional reports this week said Seagate’s Mozaic HAMR platform and higher-capacity drives could strengthen its competitive position as AI-driven storage needs expand. Article Title
- Positive Sentiment: Seagate also got a lift from broader sector optimism after the U.S.-Iran ceasefire reduced geopolitical risk and improved sentiment toward memory and storage stocks. Article Title
- Neutral Sentiment: Several insiders, including the CEO and CFO, sold shares recently, but the transactions were relatively small versus their holdings and may simply reflect pre-planned trading activity.
- Neutral Sentiment: Some articles noted Seagate is already in a strong technical run and has reached new highs, which may attract momentum investors but also raises valuation concerns.
- Negative Sentiment: Because the stock has surged sharply already, some analysts and commentators warned the market may be pricing in a lot of perfection, leaving less room for error if storage pricing or AI demand cools. Article Title
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.
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