2,031 Shares in Seagate Technology Holdings PLC $STX Acquired by Severin Investments LLC

Severin Investments LLC acquired a new position in shares of Seagate Technology Holdings PLC (NASDAQ:STX) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 2,031 shares of the data storage provider’s stock, valued at approximately $559,000.

Other institutional investors have also recently added to or reduced their stakes in the company. National Pension Service raised its position in Seagate Technology by 28.0% in the third quarter. National Pension Service now owns 250,121 shares of the data storage provider’s stock valued at $59,044,000 after purchasing an additional 54,722 shares during the period. PFA Pension Forsikringsaktieselskab purchased a new stake in Seagate Technology in the fourth quarter valued at $23,882,000. New York State Teachers Retirement System raised its position in Seagate Technology by 5.0% in the fourth quarter. New York State Teachers Retirement System now owns 187,044 shares of the data storage provider’s stock valued at $51,510,000 after purchasing an additional 8,991 shares during the period. Sumitomo Mitsui Trust Group Inc. grew its stake in shares of Seagate Technology by 1.2% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 518,806 shares of the data storage provider’s stock valued at $142,874,000 after buying an additional 6,028 shares in the last quarter. Finally, Keystone Investors PTE Ltd. grew its stake in shares of Seagate Technology by 55.7% in the third quarter. Keystone Investors PTE Ltd. now owns 50,321 shares of the data storage provider’s stock valued at $11,879,000 after buying an additional 18,000 shares in the last quarter. Hedge funds and other institutional investors own 92.87% of the company’s stock.

Insider Activity

In related news, CEO William D. Mosley sold 30,000 shares of the business’s stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $751.29, for a total transaction of $22,538,700.00. Following the completion of the transaction, the chief executive officer directly owned 339,591 shares of the company’s stock, valued at $255,131,322.39. The trade was a 8.12% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Stephanie Tilenius sold 1,580 shares of the business’s stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $766.61, for a total value of $1,211,243.80. Following the transaction, the director directly owned 10,664 shares of the company’s stock, valued at $8,175,129.04. The trade was a 12.90% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 142,437 shares of company stock worth $86,093,575 over the last three months. Company insiders own 0.79% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Zacks Research raised Seagate Technology from a “hold” rating to a “strong-buy” rating in a research note on Friday, May 1st. BNP Paribas Exane lifted their price objective on Seagate Technology from $530.00 to $860.00 and gave the company an “outperform” rating in a research note on Wednesday, April 29th. The Goldman Sachs Group lifted their price objective on Seagate Technology from $385.00 to $700.00 and gave the company a “buy” rating in a research note on Wednesday, April 29th. Wall Street Zen raised Seagate Technology from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. Finally, Evercore lifted their price objective on Seagate Technology from $750.00 to $1,000.00 and gave the company an “outperform” rating in a research note on Tuesday, May 12th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $746.63.

Seagate Technology Trading Up 2.9%

STX opened at $870.66 on Thursday. Seagate Technology Holdings PLC has a 12 month low of $116.28 and a 12 month high of $888.95. The stock has a market capitalization of $195.23 billion, a price-to-earnings ratio of 82.61 and a beta of 1.98. The company has a debt-to-equity ratio of 3.16, a current ratio of 1.33 and a quick ratio of 0.85. The business has a fifty day moving average price of $593.37 and a 200 day moving average price of $424.63.

Seagate Technology (NASDAQ:STX) last released its earnings results on Tuesday, April 28th. The data storage provider reported $4.10 EPS for the quarter, topping the consensus estimate 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 firm had revenue of $3.11 billion during the quarter, compared to analysts’ expectations of $2.96 billion. During the same period in the previous year, the firm posted $1.90 EPS. Seagate Technology’s revenue for the quarter was up 44.1% on a year-over-year basis. Seagate Technology has set its Q4 2026 guidance at 4.800-5.200 EPS. Sell-side analysts expect that Seagate Technology Holdings PLC will post 14.1 earnings per share for the current fiscal year.

Seagate Technology Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 7th. Investors of record on Wednesday, June 24th will be paid a dividend of $0.74 per share. This represents a $2.96 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend is Wednesday, June 24th. Seagate Technology’s payout ratio is presently 28.08%.

Seagate Technology News Roundup

Here are the key news stories impacting Seagate Technology this week:

• Positive Sentiment: Barclays raised its price target on Seagate Technology to $1,000 from $750 and reiterated an overweight rating, signaling continued confidence in the company’s growth outlook and suggesting more upside potential for the shares. Benzinga
• Positive Sentiment: Analysts are highlighting Seagate’s AI-driven storage demand, strong cash flow, and HAMR technology as key growth drivers, with comparisons suggesting STX is better positioned than some peers facing softer IT spending and cloud headwinds. Zacks
• Positive Sentiment: A Zacks piece on memory and storage stocks points to booming AI demand and tighter chip supply as supportive for Seagate, reinforcing the bullish narrative around storage hardware beneficiaries. Zacks
• Neutral Sentiment: Seagate presented at TD Cowen’s technology conference, but no major new catalyst was included in the transcript headline alone, so the near-term stock impact appears limited unless management offered fresh guidance or commentary. Seeking Alpha
• Neutral Sentiment: Seagate’s note exchange activity to retire some convertible debt could improve its capital structure, but the deal also used ordinary shares, making the overall market reaction less clear. Yahoo Finance
• Negative Sentiment: The same debt-related article notes insider selling under pre-arranged plans, which can sometimes weigh on sentiment even if the sales are not necessarily a sign of trouble. Yahoo Finance

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.