Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. reduced its holdings in shares of Seagate Technology Holdings PLC (NASDAQ:STX – Free Report) by 55.0% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 2,475 shares of the data storage provider’s stock after selling 3,021 shares during the period. Seagate Technology makes up 2.4% of Mitsubishi UFJ Morgan Stanley Securities Co. Ltd.’s holdings, making the stock its 3rd biggest holding. Mitsubishi UFJ Morgan Stanley Securities Co. Ltd.’s holdings in Seagate Technology were worth $970,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors have also bought and sold shares of the company. Salomon & Ludwin LLC grew its position in Seagate Technology by 124.4% during the 4th quarter. Salomon & Ludwin LLC now owns 92 shares of the data storage provider’s stock worth $27,000 after acquiring an additional 51 shares during the last quarter. Rakuten Securities Inc. raised its position in Seagate Technology by 884.2% in the second quarter. Rakuten Securities Inc. now owns 187 shares of the data storage provider’s stock valued at $27,000 after purchasing an additional 168 shares during the last quarter. Armstrong Advisory Group Inc. acquired a new stake in shares of Seagate Technology during the fourth quarter valued at about $28,000. Avion Wealth grew its holdings in shares of Seagate Technology by 343.5% during the fourth quarter. Avion Wealth now owns 102 shares of the data storage provider’s stock worth $28,000 after purchasing an additional 79 shares during the last quarter. Finally, Concord Wealth Partners bought a new stake in shares of Seagate Technology during the fourth quarter worth about $28,000. 92.87% of the stock is owned by institutional investors and hedge funds.
Insider Activity at Seagate Technology
In related news, EVP Ban Seng Teh sold 8,003 shares of the business’s stock in a transaction dated Thursday, May 14th. The stock was sold at an average price of $817.28, for a total value of $6,540,691.84. Following the completion of the sale, the executive vice president directly owned 3,691 shares of the company’s stock, valued at $3,016,580.48. The trade was a 68.44% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP John Christopher Morris sold 5,626 shares of the company’s stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $738.37, for a total value of $4,154,069.62. Following the transaction, the executive vice president directly owned 11,954 shares in the company, valued at approximately $8,826,474.98. This trade represents a 32.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 151,069 shares of company stock worth $126,191,753 over the last three months. 0.79% of the stock is currently owned by company insiders.
Key Stories Impacting Seagate Technology
- Positive Sentiment: New coverage and commentary from Melius Research and other market observers are adding to the bullish case for Seagate by framing it as a key beneficiary of AI storage demand. Melius Research Starts Coverage of Seagate Technology Holdings plc (STX)
- Positive Sentiment: Several momentum and screen-based articles named STX as a top July momentum stock, citing strong one-year gains, earnings beats, and growth expectations. Zacks.com featured highlights include Micron Technology, Seagate and TD SYNNEX
- Positive Sentiment: Analysts and commentators continue to argue that Seagate’s massive run may not be over, pointing to ongoing strength in the hyperscaler storage cycle and AI infrastructure spending. Seagate’s 485% Run Isn’t Over and Our Target Proves It
- Neutral Sentiment: Susquehanna raised its price target on Seagate from $615 to $775 while keeping a neutral rating, signaling higher fair value expectations but also some caution after the stock’s sharp rally. Benzinga report on Susquehanna price target increase
- Neutral Sentiment: Additional coverage says Seagate may beat estimates again next quarter, helped by a strong earnings-surprise record and favorable demand trends, which supports investor confidence ahead of results. Will Seagate (STX) Beat Estimates Again in Its Next Earnings Report?
- Neutral Sentiment: One valuation-focused piece noted that STX trades at a premium after its huge multi-year run, suggesting investors are balancing strong fundamentals against a richer price tag. Seagate (STX) Stock Trades At A Premium As Its 14x Run Tests Fair Value
Seagate Technology Price Performance
Seagate Technology stock opened at $860.02 on Thursday. The stock has a market capitalization of $192.84 billion, a price-to-earnings ratio of 81.60 and a beta of 2.04. Seagate Technology Holdings PLC has a 52-week low of $138.30 and a 52-week high of $1,145.00. The company has a debt-to-equity ratio of 3.16, a quick ratio of 0.85 and a current ratio of 1.33. The stock’s 50 day moving average price is $869.04 and its two-hundred day moving average price is $564.15.
Seagate Technology (NASDAQ:STX – Get Free Report) last released its quarterly earnings data on Tuesday, April 28th. The data storage provider reported $4.10 earnings per share for the quarter, beating the consensus estimate of $3.51 by $0.59. Seagate Technology had a net margin of 21.60% and a return on equity of 1,005.65%. The company had revenue of $3.11 billion during the quarter, compared to analyst estimates of $2.96 billion. During the same quarter in the previous year, the business posted $1.90 EPS. Seagate Technology’s revenue for the quarter 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 analysts predict that Seagate Technology Holdings PLC will post 14.14 earnings per share for the current year.
Seagate Technology Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Tuesday, July 7th. Shareholders of record on Wednesday, June 24th were paid a $0.74 dividend. This represents a $2.96 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend was Wednesday, June 24th. Seagate Technology’s payout ratio is 28.08%.
Analyst Upgrades and Downgrades
A number of brokerages recently issued reports on STX. BNP Paribas Exane raised their price objective on shares of Seagate Technology from $530.00 to $860.00 and gave the company an “outperform” rating in a report on Wednesday, April 29th. Wedbush boosted their target price on shares of Seagate Technology from $700.00 to $825.00 and gave the stock an “outperform” rating in a report on Monday, April 27th. The Goldman Sachs Group upped their price target on shares of Seagate Technology from $385.00 to $700.00 and gave the company a “buy” rating in a research report on Wednesday, April 29th. Bank of America lifted their price target on shares of Seagate Technology from $1,000.00 to $1,150.00 and gave the stock a “buy” rating in a report on Wednesday, July 1st. Finally, Morgan Stanley increased their price objective on Seagate Technology from $767.00 to $1,035.00 and gave the company an “overweight” rating in a report on Monday, June 15th. Twenty-one analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $886.92.
Check Out Our Latest Report on STX
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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