Havemeyer Place LP Makes New $187,000 Investment in Seagate Technology Holdings PLC $STX

Havemeyer Place LP bought a new stake in shares of Seagate Technology Holdings PLC (NASDAQ:STX) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 678 shares of the data storage provider’s stock, valued at approximately $187,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in STX. 111 Capital bought a new stake in shares of Seagate Technology in the fourth quarter valued at about $489,000. OneAscent Financial Services LLC purchased a new position in Seagate Technology during the 4th quarter valued at about $265,000. Prudential PLC increased its position in Seagate Technology by 564.1% during the 4th quarter. Prudential PLC now owns 31,804 shares of the data storage provider’s stock valued at $8,759,000 after purchasing an additional 27,015 shares during the period. Vise Technologies Inc. raised its holdings in shares of Seagate Technology by 62.2% in the 4th quarter. Vise Technologies Inc. now owns 6,128 shares of the data storage provider’s stock valued at $1,688,000 after purchasing an additional 2,350 shares in the last quarter. Finally, Daiwa Securities Group Inc. lifted its position in shares of Seagate Technology by 48.9% in the 4th quarter. Daiwa Securities Group Inc. now owns 54,073 shares of the data storage provider’s stock worth $14,891,000 after purchasing an additional 17,752 shares during the period. Institutional investors own 92.87% of the company’s stock.

Insider Activity

In other Seagate Technology news, Director Prat Bhatt sold 1,000 shares of Seagate Technology stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $929.88, for a total transaction of $929,880.00. Following the completion of the sale, the director directly owned 12,869 shares in the company, valued at approximately $11,966,625.72. The trade was a 7.21% decrease in their position. The sale was disclosed in a legal 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, CEO William D. Mosley sold 13,780 shares of the company’s stock in a transaction on Monday, June 1st. The shares were sold at an average price of $924.99, for a total transaction of $12,746,362.20. Following the completion of the sale, the chief executive officer directly owned 323,591 shares in the company, valued at $299,318,439.09. This trade represents a 4.08% 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. Over the last three months, insiders have sold 155,187 shares of company stock valued at $108,267,701. 0.79% of the stock is owned by insiders.

Seagate Technology Trading Down 3.5%

NASDAQ:STX opened at $815.99 on Thursday. The company has a market capitalization of $182.97 billion, a P/E ratio of 77.42 and a beta of 2.04. The company has a current ratio of 1.33, a quick ratio of 0.85 and a debt-to-equity ratio of 3.16. Seagate Technology Holdings PLC has a 12 month low of $124.63 and a 12 month high of $966.80. The firm has a fifty day simple moving average of $689.85 and a 200-day simple moving average of $468.16.

Seagate Technology (NASDAQ:STX) last issued its earnings results 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 during the quarter, compared to analyst estimates of $2.96 billion. During the same quarter last year, the business posted $1.90 EPS. The firm’s quarterly revenue was up 44.1% on a year-over-year basis. 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 earnings per share for the current year.

Seagate Technology Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 7th. Stockholders of record on Wednesday, June 24th will be paid a $0.74 dividend. This represents a $2.96 annualized dividend and a dividend yield of 0.4%. The ex-dividend date is Wednesday, June 24th. Seagate Technology’s dividend payout ratio (DPR) is presently 28.08%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on STX shares. Weiss Ratings reissued a “buy (b)” rating on shares of Seagate Technology in a report on Friday, March 27th. Wells Fargo & Company increased their target price on Seagate Technology from $700.00 to $900.00 and gave the company an “equal weight” rating in a research report on Monday, June 1st. Susquehanna lifted their price target on Seagate Technology from $485.00 to $615.00 and gave the company a “neutral” rating in a report on Wednesday, April 29th. BNP Paribas Exane boosted their price target on Seagate Technology from $530.00 to $860.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 29th. Finally, Loop Capital upped their price objective on Seagate Technology from $950.00 to $1,140.00 and gave the stock a “buy” rating in a research note on Friday, May 15th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $792.46.

Seagate Technology News Roundup

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

• Positive Sentiment: Mizuho raised its price target on Seagate to $1,090, citing AI-related growth potential and implying additional upside if demand trends continue. Mizuho raises its Seagate stock price target to $1,090 on AI growth. My models show 130% gains are possible over the next 4 years
• Positive Sentiment: Yahoo Finance highlighted Seagate as gaining on “unprecedented AI-driven demand,” with analysts expecting strong EPS growth over the next several years and recent bullish calls reinforcing the growth story. Seagate Technology (STX) Gaining on Unprecedented AI-Driven Demand
• Positive Sentiment: Recent coverage from Citi and Bank of America also stayed constructive on Seagate, including a BofA target hike to $1,000, signaling continued analyst confidence in the company’s AI storage opportunity. Citi Remains Bullish on Seagate Technology (STX) – Here’s Why
• Neutral Sentiment: Several recent articles frame Seagate as an AI infrastructure beneficiary with Mozaic/HAMR technology and improving revenue and cash flow, but these are mostly reiterations of the bullish thesis rather than new company-specific catalysts. Is Seagate (STX) Quietly Becoming an AI Infrastructure Linchpin Through Its Mozaic Storage Strategy?
• Neutral Sentiment: Some headlines note STX is trading down alongside other semiconductor and storage names due to broader sector weakness and geopolitical/macro worries, which may be weighing on the stock in the short term. Seagate, Amtech, and Lattice Semiconductor Shares Are Falling, What You Need To Know
• Negative Sentiment: One Zacks piece cautioned that despite Seagate’s sharp recent run, valuation risk has risen after the stock’s big surge, which could limit near-term upside. STX Stock Tops Industry Returns in 3 Months: A Smart Investment Now?

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.