Pitcairn Co. Takes $2.01 Million Position in Seagate Technology Holdings PLC $STX

Pitcairn Co. purchased a new stake in Seagate Technology Holdings PLC (NASDAQ:STX) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 8,517 shares of the data storage provider’s stock, valued at approximately $2,011,000.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. WCM Investment Management LLC bought a new position in shares of Seagate Technology in the third quarter worth about $1,187,621,000. Norges Bank bought a new position in Seagate Technology in the 2nd quarter worth approximately $197,027,000. Boston Partners acquired a new position in Seagate Technology during the 2nd quarter worth $193,500,000. Soroban Capital Partners LP lifted its holdings in Seagate Technology by 1,468.1% during the 2nd quarter. Soroban Capital Partners LP now owns 1,417,600 shares of the data storage provider’s stock worth $204,602,000 after buying an additional 1,327,197 shares in the last quarter. Finally, Trivest Advisors Ltd bought a new position in Seagate Technology in the 3rd quarter valued at $170,435,000. Institutional investors own 92.87% of the company’s stock.

Insider Transactions at Seagate Technology

In related news, CEO William D. Mosley sold 20,000 shares of Seagate Technology stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $384.76, for a total value of $7,695,200.00. Following the sale, the chief executive officer owned 395,897 shares of the company’s stock, valued at approximately $152,325,329.72. This trade represents a 4.81% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Jay L. Geldmacher sold 925 shares of the company’s stock in a transaction that occurred on Friday, January 30th. The stock was sold at an average price of $448.02, for a total value of $414,418.50. Following the transaction, the director directly owned 223 shares of the company’s stock, valued at approximately $99,908.46. This trade represents a 80.57% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 89,051 shares of company stock worth $34,430,409. 0.79% of the stock is currently owned by company insiders.

Seagate Technology News Roundup

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

• Positive Sentiment: Seagate began volume production and qualification of its Mozaic 4+ HAMR platform with two hyperscale cloud customers, supporting up to 44TB drives and signaling meaningful share‑gain potential in AI/cloud storage workloads. Seagate Mozaic 4 Plus HAMR Rollout Tests AI Storage Growth Story
• Positive Sentiment: Analysts are lifting targets and optimism around HAMR-driven margins and durable demand — Bernstein recently raised STX’s price target materially, supporting upside to consensus valuation. Seagate Technology Holdings plc (STX) Price Target Raised, HAMR Technology Drives Cost Savings
• Positive Sentiment: Zacks added STX to its Rank #1 (Strong Buy) growth lists on March 4 and March 5, reflecting favorable analyst momentum and reinforcing buy-side interest. Best Growth Stocks to Buy for March 5th
• Neutral Sentiment: Coverage and media mentions (market mover roundups, institutional commentary) keep STX in investor view but do not by themselves change fundamentals. These Stocks Are Today’s Movers
• Negative Sentiment: CEO William Mosley sold 20,000 shares (~$7.7M) on March 2 — an insider sale that can prompt short‑term selling and be read as executive profit‑taking. SEC Form 4
• Negative Sentiment: Broader sector risk hit storage names after a geopolitical/energy shock and semiconductor sell‑off; that market flow is pressuring STX despite company‑specific wins. Western Digital vs Seagate After the Sell-Off
• Negative Sentiment: Valuation and balance‑sheet considerations remain a concern — STX trades at a high P/E and carries elevated leverage, which can amplify downside if macro demand or pricing weakens.

Wall Street Analyst Weigh In

STX has been the topic of several research reports. TD Cowen upped their price target on Seagate Technology from $340.00 to $500.00 and gave the company a “buy” rating in a research note on Wednesday, January 28th. UBS Group increased their price objective on shares of Seagate Technology from $385.00 to $440.00 and gave the company a “neutral” rating in a report on Monday, February 9th. Citigroup raised their price objective on shares of Seagate Technology from $460.00 to $480.00 and gave the company a “buy” rating in a research note on Friday, February 6th. Jefferies Financial Group reiterated a “hold” rating on shares of Seagate Technology in a research report on Wednesday, February 4th. Finally, Wells Fargo & Company increased their price target on Seagate Technology from $360.00 to $450.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 28th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $447.35.

Seagate Technology Trading Down 2.0%

Shares of NASDAQ STX opened at $367.34 on Friday. Seagate Technology Holdings PLC has a twelve month low of $63.19 and a twelve month high of $459.84. The stock has a market cap of $80.11 billion, a price-to-earnings ratio of 41.55, a P/E/G ratio of 0.84 and a beta of 1.61. The company has a quick ratio of 0.72, a current ratio of 1.12 and a debt-to-equity ratio of 7.63. The company’s fifty day moving average is $366.86 and its 200-day moving average is $281.41.

Seagate Technology (NASDAQ:STX) last issued its quarterly earnings data on Tuesday, January 27th. The data storage provider reported $3.11 EPS for the quarter, topping the consensus estimate of $2.77 by $0.34. The business had revenue of $2.83 billion for the quarter, compared to the consensus estimate of $2.73 billion. Seagate Technology had a negative return on equity of 936.38% and a net margin of 19.59%.The firm’s revenue was up 21.5% compared to the same quarter last year. During the same quarter last year, the business posted $2.03 EPS. Seagate Technology has set its Q3 2026 guidance at 3.200-3.600 EPS. Equities research analysts predict that Seagate Technology Holdings PLC will post 6.83 EPS for the current year.

Seagate Technology Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 8th. Shareholders of record on Wednesday, March 25th will be issued a dividend of $0.74 per share. This represents a $2.96 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date is Wednesday, March 25th. Seagate Technology’s dividend payout ratio is 33.48%.

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.