J. Safra Sarasin Holding AG Has $1.08 Million Stock Position in Seagate Technology Holdings PLC $STX

J. Safra Sarasin Holding AG reduced its holdings in shares of Seagate Technology Holdings PLC (NASDAQ:STX) by 26.9% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,767 shares of the data storage provider’s stock after selling 1,019 shares during the quarter. J. Safra Sarasin Holding AG’s holdings in Seagate Technology were worth $1,083,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the business. Procyon Advisors LLC bought a new stake in Seagate Technology during the 1st quarter worth about $2,585,000. Global Assets Advisory LLC bought a new position in shares of Seagate Technology in the 1st quarter valued at about $103,000. International Assets Investment Management LLC grew its holdings in shares of Seagate Technology by 11.4% in the 1st quarter. International Assets Investment Management LLC now owns 1,399 shares of the data storage provider’s stock valued at $592,000 after acquiring an additional 143 shares in the last quarter. Diversify Wealth Management LLC acquired a new stake in shares of Seagate Technology in the first quarter valued at about $997,000. Finally, Pittenger & Anderson Inc. increased its position in shares of Seagate Technology by 666.7% in the first quarter. Pittenger & Anderson Inc. now owns 345 shares of the data storage provider’s stock valued at $135,000 after acquiring an additional 300 shares during the last quarter. Institutional investors own 92.87% of the company’s stock.

Seagate Technology Price Performance

NASDAQ:STX opened at $878.31 on Wednesday. Seagate Technology Holdings PLC has a 12-month low of $138.30 and a 12-month high of $1,145.00. The firm has a market capitalization of $196.94 billion, a price-to-earnings ratio of 83.33 and a beta of 2.04. The stock’s 50 day moving average price is $886.49 and its two-hundred day moving average price is $581.00. The company has a quick ratio of 0.85, a current ratio of 1.33 and a debt-to-equity ratio of 3.16.

Seagate Technology (NASDAQ:STX) last posted its earnings results on Tuesday, April 28th. The data storage provider reported $4.10 earnings per share 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 business had revenue of $3.11 billion for the quarter, compared to analyst estimates of $2.96 billion. During the same period in the previous year, the firm earned $1.90 EPS. 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, analysts anticipate that Seagate Technology Holdings PLC will post 14.14 earnings per share for the current year.

Seagate Technology Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 7th. Stockholders of record on Wednesday, June 24th were paid a dividend of $0.74 per share. This represents a $2.96 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date was Wednesday, June 24th. Seagate Technology’s dividend payout ratio (DPR) is currently 28.08%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. Evercore increased their price target on Seagate Technology from $750.00 to $1,000.00 and gave the company an “outperform” rating in a research report on Tuesday, May 12th. Rosenblatt Securities boosted their price target on Seagate Technology from $500.00 to $1,000.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. Mizuho upped their price objective on Seagate Technology from $875.00 to $1,090.00 and gave the stock an “outperform” rating in a research note on Monday, June 8th. Weiss Ratings reissued a “buy (b)” rating on shares of Seagate Technology in a report on Wednesday, June 24th. Finally, BNP Paribas Exane upped their price target on shares of Seagate Technology from $530.00 to $860.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 29th. Twenty-two investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $898.52.

More Seagate Technology News

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

• Positive Sentiment: Citigroup raised its price target on Seagate Technology to $1,240 from $1,150 and reiterated a buy rating, signaling continued analyst confidence in the company’s upside. Tickerreport.com
• Positive Sentiment: Zacks highlighted Seagate as one of several memory stocks that look attractive after the recent sell-off, citing AI demand, improving pricing, and lower valuations. Zacks
• Neutral Sentiment: Seagate said it will report fiscal fourth-quarter and full-year 2026 results on July 28, which puts investors in wait-and-see mode ahead of the earnings release. Business Wire
• Neutral Sentiment: Commentary around Seagate’s upcoming earnings focuses on whether AI and cloud demand can offset concerns about inventory levels, cloud capex hesitation, and macro volatility. Yahoo Finance
• Negative Sentiment: Seagate has been caught in a broader memory-stock selloff triggered by weak sentiment around SK Hynix and renewed doubts about AI demand and memory pricing. Yahoo Finance

Insider Activity at Seagate Technology

In related news, EVP John Christopher Morris sold 1,364 shares of Seagate Technology stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $880.19, for a total transaction of $1,200,579.16. Following the completion of the sale, the executive vice president owned 12,088 shares of the company’s stock, valued at approximately $10,639,736.72. The trade was a 10.14% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Gianluca Romano sold 903 shares of the company’s stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $880.19, for a total transaction of $794,811.57. Following the completion of the transaction, the chief financial officer owned 42,860 shares in the company, valued at approximately $37,724,943.40. This trade represents a 2.06% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 151,069 shares of company stock worth $126,191,753. 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.