Rheos Capital Works Inc. Buys Shares of 70,000 Seagate Technology Holdings PLC $STX

Rheos Capital Works Inc. bought a new stake in shares of Seagate Technology Holdings PLC (NASDAQ:STX) in the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 70,000 shares of the data storage provider’s stock, valued at approximately $19,277,000. Seagate Technology makes up about 1.2% of Rheos Capital Works Inc.’s portfolio, making the stock its 29th biggest position.

Several other hedge funds have also recently added to or reduced their stakes in STX. WCM Investment Management LLC purchased a new position in Seagate Technology during the 3rd quarter valued at about $1,187,621,000. Arrowstreet Capital Limited Partnership increased its holdings in Seagate Technology by 1,072.5% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 2,949,512 shares of the data storage provider’s stock valued at $696,262,000 after acquiring an additional 2,697,957 shares in the last quarter. Soroban Capital Partners LP increased 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 valued at $204,602,000 after acquiring an additional 1,327,197 shares in the last quarter. Trivest Advisors Ltd purchased a new position in Seagate Technology during the 3rd quarter valued at about $170,435,000. Finally, Maple Rock Capital Partners Inc. increased its holdings in Seagate Technology by 85.3% during the 2nd quarter. Maple Rock Capital Partners Inc. now owns 1,131,752 shares of the data storage provider’s stock valued at $163,346,000 after acquiring an additional 520,846 shares in the last quarter. 92.87% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Seagate Technology

In related news, CEO William D. Mosley sold 20,000 shares of the business’s stock in a transaction that occurred on Wednesday, April 1st. The shares were sold at an average price of $420.73, for a total value of $8,414,600.00. Following the completion of the sale, the chief executive officer directly owned 355,591 shares in the company, valued at approximately $149,607,801.43. The trade was a 5.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Jay L. Geldmacher sold 925 shares of the business’s stock in a transaction that occurred on Friday, January 30th. The shares were sold at an average price of $448.02, for a total transaction of $414,418.50. Following the completion of the sale, the director owned 223 shares of the company’s stock, valued at approximately $99,908.46. The trade was a 80.57% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 113,635 shares of company stock valued at $47,133,843 in the last quarter. Insiders own 0.79% of the company’s stock.

Trending Headlines about Seagate Technology

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

• Positive Sentiment: Morgan Stanley elevated Seagate to a top pick and raised its price target substantially (to $582), calling it an underappreciated AI/data‑center play — a high‑profile upgrade that attracts institutional buying and drove part of the rally. Article Title
• Positive Sentiment: Seagate is being highlighted as a primary beneficiary of the AI data‑center buildout (storage bottleneck thesis). Analysts and investors are rotating capital into infrastructure names tied to NVIDIA’s roadmap, supporting higher demand visibility and multiple expansion. Article Title
• Positive Sentiment: Technical/momentum signals: coverage pieces note Seagate pushing above key resistance and testing breakout territory — momentum trading can accelerate inflows on short‑term strength. Article Title
• Neutral Sentiment: Market breadth/support — Seagate helped lift US indices alongside other memory/storage names amid optimism on macro headlines; broader market moves are providing tailwinds but aren’t company‑specific. Article Title
• Neutral Sentiment: Analyst & media attention more broadly: multiple outlets are spotlighting Seagate in lists of AI infrastructure beneficiaries and tech top picks, which supports continued visibility but may already be priced in. Article Title
• Negative Sentiment: Risk factors that could weigh on the stock later: some analysts warn the AI/data‑center buildout is cyclical and demand could decelerate in 2027 as initial orders clear; Seagate’s valuation and high leverage amplify downside if growth slows. Article Title

Wall Street Analyst Weigh In

Several research firms have weighed in on STX. Bank of America raised their target price on shares of Seagate Technology from $320.00 to $400.00 and gave the company a “buy” rating in a report on Tuesday, January 20th. Benchmark raised their target price on shares of Seagate Technology from $255.00 to $325.00 and gave the company a “buy” rating in a report on Tuesday, December 16th. Weiss Ratings reiterated a “buy (b)” rating on shares of Seagate Technology in a report on Friday, March 27th. BNP Paribas Exane lifted their price target on shares of Seagate Technology from $430.00 to $530.00 and gave the stock an “outperform” rating in a report on Wednesday, February 4th. Finally, JPMorgan Chase & Co. initiated coverage on shares of Seagate Technology in a report on Monday, March 30th. They set an “overweight” rating and a $525.00 price target for the company. Nineteen research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, Seagate Technology has an average rating of “Moderate Buy” and a consensus target price of $469.75.

Seagate Technology Stock Performance

Shares of NASDAQ STX opened at $453.30 on Tuesday. The company has a market cap of $98.85 billion, a PE ratio of 51.28, a price-to-earnings-growth ratio of 0.95 and a beta of 1.61. Seagate Technology Holdings PLC has a 12 month low of $63.19 and a 12 month high of $470.23. The company has a debt-to-equity ratio of 7.63, a current ratio of 1.12 and a quick ratio of 0.72. The company has a 50-day simple moving average of $406.24 and a 200-day simple moving average of $316.98.

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

Seagate Technology Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 8th. Investors of record on Wednesday, March 25th will be issued a $0.74 dividend. This represents a $2.96 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Wednesday, March 25th. Seagate Technology’s payout ratio is presently 33.48%.

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.