Keystone Investors PTE Ltd. Raises Stock Position in Seagate Technology Holdings PLC $STX

Keystone Investors PTE Ltd. grew its holdings in Seagate Technology Holdings PLC (NASDAQ:STX) by 39.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 70,051 shares of the data storage provider’s stock after acquiring an additional 19,730 shares during the period. Seagate Technology comprises approximately 1.7% of Keystone Investors PTE Ltd.’s holdings, making the stock its 16th biggest holding. Keystone Investors PTE Ltd.’s holdings in Seagate Technology were worth $19,291,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in STX. Integrated Wealth Concepts LLC raised its stake in shares of Seagate Technology by 168.0% in the 1st quarter. Integrated Wealth Concepts LLC now owns 7,177 shares of the data storage provider’s stock valued at $610,000 after acquiring an additional 4,499 shares during the period. Sivia Capital Partners LLC purchased a new position in shares of Seagate Technology in the 2nd quarter valued at $262,000. Cerity Partners LLC raised its stake in shares of Seagate Technology by 25.8% in the 2nd quarter. Cerity Partners LLC now owns 36,682 shares of the data storage provider’s stock valued at $5,294,000 after acquiring an additional 7,517 shares during the period. Sei Investments Co. raised its stake in shares of Seagate Technology by 64.8% in the 2nd quarter. Sei Investments Co. now owns 8,543 shares of the data storage provider’s stock valued at $1,233,000 after acquiring an additional 3,358 shares during the period. Finally, The Manufacturers Life Insurance Company raised its stake in shares of Seagate Technology by 0.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 127,887 shares of the data storage provider’s stock valued at $18,458,000 after acquiring an additional 462 shares during the period. Hedge funds and other institutional investors own 92.87% of the company’s stock.

Trending Headlines about Seagate Technology

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

• Positive Sentiment: Seagate announced it will redeem all outstanding 3.50% Exchangeable Senior Notes due 2028, a move investors view as a balance-sheet strengthening step. Seagate Announces Redemption of Exchangeable Notes
• Positive Sentiment: Analysts remained bullish, with JPMorgan raising its price target to $920 and keeping an Overweight rating, while China Renaissance lifted its target to $983, reinforcing momentum in the stock. JPMorgan raises price target on Seagate Technology to 920 from 775, maintains overweight rating
• Positive Sentiment: Reports highlighted surging free cash flow and record AI-related demand, suggesting Seagate is benefiting from cloud and data-center storage expansion. Seagate’s Strengthening Free Cash Flow: Can Growth Continue?
• Positive Sentiment: Another update said Seagate has most of its nearline storage capacity allocated through 2027 and raised its long-term annual revenue growth target to at least 20%, pointing to sustained demand from large cloud customers. Seagate Locks In Nearline Demand And Lifts Long Term Growth Outlook
• Neutral Sentiment: Several Seagate executives sold shares this week, including the CFO and CEO, which may weigh on sentiment a bit, but the sales were relatively small versus their remaining holdings. Insider Selling: Seagate Technology (NASDAQ:STX) EVP Sells 574 Shares of Stock

Analyst Upgrades and Downgrades

Several research firms recently issued reports on STX. JPMorgan Chase & Co. lifted their price target on shares of Seagate Technology from $775.00 to $920.00 and gave the stock an “overweight” rating in a research note on Thursday. Evercore lifted their price target on shares of Seagate Technology from $750.00 to $1,000.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 12th. China Renaissance lifted their price target on shares of Seagate Technology from $802.00 to $983.00 in a research note on Friday. UBS Group lifted their price target on shares of Seagate Technology from $515.00 to $545.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 29th. Finally, Wedbush lifted their price target on shares of Seagate Technology from $700.00 to $825.00 and gave the stock an “outperform” rating in a research note on Monday, April 27th. One analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $820.63.

Insider Buying and Selling

In other news, CFO Gianluca Romano sold 1,350 shares of the business’s stock in a transaction dated Wednesday, June 10th. The shares were sold at an average price of $821.76, for a total value of $1,109,376.00. Following the completion of the sale, the chief financial officer owned 41,380 shares of the company’s stock, valued at approximately $34,004,428.80. The trade was a 3.16% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO William D. Mosley sold 2,855 shares of the business’s stock in a transaction dated Wednesday, June 10th. The stock was sold at an average price of $821.74, for a total transaction of $2,346,067.70. Following the completion of the sale, the chief executive officer directly owned 324,870 shares of the company’s stock, valued at $266,958,673.80. The trade was a 0.87% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 160,629 shares of company stock worth $112,739,671. 0.79% of the stock is currently owned by insiders.

Seagate Technology Stock Performance

Seagate Technology stock opened at $931.04 on Friday. The firm’s fifty day moving average price is $709.54 and its 200 day moving average price is $475.81. The company has a market capitalization of $208.77 billion, a price-to-earnings ratio of 88.33 and a beta of 2.04. Seagate Technology Holdings PLC has a 12-month low of $124.63 and a 12-month high of $966.80. The company has a debt-to-equity ratio of 3.16, a current ratio of 1.33 and a quick ratio of 0.85.

Seagate Technology (NASDAQ:STX) last released its earnings results on Tuesday, April 28th. The data storage provider reported $4.10 earnings per share for the quarter, topping the consensus estimate of $3.51 by $0.59. The company had revenue of $3.11 billion during the quarter, compared to the consensus estimate of $2.96 billion. Seagate Technology had a net margin of 21.60% and a return on equity of 1,005.65%. The company’s revenue was up 44.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.90 EPS. Seagate Technology has set its Q4 2026 guidance at 4.800-5.200 EPS. On average, research analysts forecast that Seagate Technology Holdings PLC will post 14.1 EPS for the current fiscal year.

Seagate Technology Announces Dividend

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

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.