Talos Eurisko Asset Management LP Sells 6,600 Shares of Seagate Technology Holdings PLC $STX

Talos Eurisko Asset Management LP lowered its holdings in Seagate Technology Holdings PLC (NASDAQ:STX) by 5.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 105,800 shares of the data storage provider’s stock after selling 6,600 shares during the quarter. Seagate Technology comprises about 5.2% of Talos Eurisko Asset Management LP’s investment portfolio, making the stock its 6th largest position. Talos Eurisko Asset Management LP’s holdings in Seagate Technology were worth $29,136,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of STX. Arrowstreet Capital Limited Partnership boosted its stake in Seagate Technology by 1,072.5% in the third quarter. Arrowstreet Capital Limited Partnership now owns 2,949,512 shares of the data storage provider’s stock worth $696,262,000 after purchasing an additional 2,697,957 shares in the last quarter. Massachusetts Financial Services Co. MA increased its holdings in shares of Seagate Technology by 1,510.1% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 2,008,516 shares of the data storage provider’s stock valued at $553,125,000 after purchasing an additional 1,883,769 shares in the last quarter. Norges Bank acquired a new stake in shares of Seagate Technology in the fourth quarter valued at approximately $498,363,000. Soroban Capital Partners LP increased its holdings in shares of Seagate Technology by 1,468.1% in the second quarter. Soroban Capital Partners LP now owns 1,417,600 shares of the data storage provider’s stock valued at $204,602,000 after purchasing an additional 1,327,197 shares in the last quarter. Finally, Deutsche Bank AG increased its holdings in shares of Seagate Technology by 102.0% in the fourth quarter. Deutsche Bank AG now owns 1,599,962 shares of the data storage provider’s stock valued at $440,614,000 after purchasing an additional 807,962 shares in the last quarter. Institutional investors and hedge funds own 92.87% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on STX shares. Cantor Fitzgerald raised their price target on shares of Seagate Technology from $700.00 to $1,000.00 and gave the company an “overweight” rating in a report on Wednesday, April 29th. Zacks Research raised shares of Seagate Technology from a “hold” rating to a “strong-buy” rating in a report on Friday, May 1st. TD Cowen raised their price target on shares of Seagate Technology from $500.00 to $850.00 and gave the company a “buy” rating in a report on Wednesday, April 29th. Citigroup raised their price target on shares of Seagate Technology from $740.00 to $1,150.00 and gave the company a “buy” rating in a report on Tuesday, June 2nd. Finally, JPMorgan Chase & Co. raised their price target on shares of Seagate Technology from $775.00 to $920.00 and gave the company an “overweight” rating in a report on Thursday, June 11th. One analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, Seagate Technology has a consensus rating of “Moderate Buy” and a consensus target price of $831.79.

Insider Activity

In related news, EVP John Christopher Morris sold 5,626 shares of the business’s stock in a transaction on Monday, May 4th. The shares were sold at an average price of $738.37, for a total value of $4,154,069.62. Following the sale, the executive vice president directly owned 11,954 shares of the company’s stock, valued at approximately $8,826,474.98. The trade was a 32.00% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Ban Seng Teh sold 8,003 shares of the business’s stock in a transaction on Thursday, May 14th. The shares were sold at an average price of $817.28, for a total transaction of $6,540,691.84. Following the completion of the sale, the executive vice president directly owned 3,691 shares in the company, valued at $3,016,580.48. This represents a 68.44% 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. In the last three months, insiders sold 165,653 shares of company stock valued at $117,161,746. 0.79% of the stock is owned by company insiders.

Key Stories Impacting Seagate Technology

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

• Positive Sentiment: Morgan Stanley sharply raised its price target on Seagate Technology (STX) to $1,035 from $767 and reiterated an Overweight rating, citing strong earnings, improving hard-disk-drive pricing, and expectations that supply shortages could last through at least 2028. Benzinga reference
• Positive Sentiment: Analysts and market reports highlighted Seagate as a beneficiary of rising AI data-center demand, with broader tech and memory/storage stocks also gaining on improved sector sentiment. Yahoo Finance reference
• Positive Sentiment: Seagate’s recent debt redemption, which removed about $150.7 million of exchangeable notes, may be viewed as a modest balance-sheet positive because it reduces leverage and improves financial flexibility. Yahoo Finance reference
• Neutral Sentiment: Multiple Seagate executives, including CEO William D. Mosley and CFO Gianluca Romano, disclosed insider share sales dated June 12. Several trades were made under pre-arranged 10b5-1 plans, so they are not necessarily a negative signal on fundamentals.

Seagate Technology Trading Up 9.4%

Shares of NASDAQ STX opened at $1,018.80 on Tuesday. The company’s fifty day moving average is $721.33 and its 200-day moving average is $482.71. The stock has a market cap of $228.45 billion, a price-to-earnings ratio of 96.66 and a beta of 2.04. Seagate Technology Holdings PLC has a twelve month low of $127.61 and a twelve month high of $1,032.52. 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 announced its quarterly 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. The company had revenue of $3.11 billion for the quarter, compared to analysts’ expectations of $2.96 billion. Seagate Technology had a net margin of 21.60% and a return on equity of 1,005.65%. The business’s quarterly revenue was up 44.1% compared to the same quarter last year. During the same period last year, the firm posted $1.90 earnings per share. Seagate Technology has set its Q4 2026 guidance at 4.800-5.200 EPS. Equities research analysts predict that Seagate Technology Holdings PLC will post 14.14 EPS for the current year.

Seagate Technology Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 7th. Stockholders of record on Wednesday, June 24th will be given 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 of this dividend is Wednesday, June 24th. Seagate Technology’s dividend payout ratio (DPR) is currently 28.08%.

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.