Teacher Retirement System of Texas Grows Stock Holdings in Seagate Technology Holdings PLC $STX

Teacher Retirement System of Texas boosted its holdings in Seagate Technology Holdings PLC (NASDAQ:STX) by 293.8% in the fourth quarter, Holdings Channel reports. The institutional investor owned 135,737 shares of the data storage provider’s stock after acquiring an additional 101,266 shares during the quarter. Teacher Retirement System of Texas’ holdings in Seagate Technology were worth $37,381,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of STX. Integrated Wealth Concepts LLC grew its stake in 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 buying an additional 4,499 shares in the last quarter. Sivia Capital Partners LLC bought a new position in Seagate Technology in the 2nd quarter valued at $262,000. Cerity Partners LLC boosted its holdings in 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 purchasing an additional 7,517 shares during the period. Sei Investments Co. boosted its holdings in 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 purchasing an additional 3,358 shares during the period. Finally, The Manufacturers Life Insurance Company boosted its holdings in 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 purchasing an additional 462 shares during the period. 92.87% of the stock is currently owned by hedge funds and other institutional investors.

Seagate Technology Stock Performance

Seagate Technology stock opened at $587.62 on Friday. The firm’s fifty day moving average price is $434.69 and its 200-day moving average price is $342.52. The company has a debt-to-equity ratio of 7.63, a quick ratio of 0.72 and a current ratio of 1.12. The stock has a market cap of $128.14 billion, a P/E ratio of 66.47, a price-to-earnings-growth ratio of 0.96 and a beta of 1.61. Seagate Technology Holdings PLC has a fifty-two week low of $79.14 and a fifty-two week high of $607.89.

Seagate Technology (NASDAQ:STX) last posted its quarterly earnings data on Tuesday, January 27th. The data storage provider reported $3.11 earnings per share for the quarter, beating the consensus estimate of $2.77 by $0.34. The firm had revenue of $2.83 billion for the quarter, compared to analysts’ expectations of $2.73 billion. Seagate Technology had a net margin of 19.59% and a negative return on equity of 936.38%. The business’s quarterly revenue was up 21.5% on a year-over-year basis. During the same quarter last year, the company posted $2.03 EPS. Seagate Technology has set its Q3 2026 guidance at 3.200-3.600 EPS. On average, equities research analysts expect that Seagate Technology Holdings PLC will post 12.13 earnings per share for the current fiscal year.

Seagate Technology Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 8th. Stockholders of record on Wednesday, March 25th were given a dividend of $0.74 per share. The ex-dividend date was Wednesday, March 25th. This represents a $2.96 annualized dividend and a dividend yield of 0.5%. Seagate Technology’s dividend payout ratio (DPR) is 33.48%.

Insider Activity

In other news, Director Jay L. Geldmacher sold 925 shares of the firm’s stock in a transaction 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 sale, the director owned 223 shares in the company, valued at approximately $99,908.46. This trade represents a 80.57% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP James Ci Lee sold 673 shares of the firm’s stock in a transaction on Monday, January 26th. The shares were sold at an average price of $348.85, for a total transaction of $234,776.05. Following the sale, the executive vice president owned 257 shares in the company, valued at approximately $89,654.45. This trade represents a 72.37% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 112,223 shares of company stock worth $46,711,217. Corporate insiders own 0.79% of the company’s stock.

More Seagate Technology News

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

• Positive Sentiment: Barclays upgraded STX to Overweight and raised its price target to $625, citing more runway in the HDD/AI cycle and room for further gains — a high-profile upgrade that likely prompted buying and lifted sentiment. Barclays Just Lifted Seagate Price Target From $425 to $625
• Positive Sentiment: Other broker bullishness (Bank of America, UBS and average broker sentiment moving toward “moderate buy”) has reinforced the upgrade momentum and raised investor conviction on STX’s earnings leverage to AI/data growth. Seagate Receives Average Recommendation of “Moderate Buy”
• Positive Sentiment: Seagate unveiled new high-capacity consumer and prosumer storage aimed at gaming and AI-driven creative workloads — product wins that support revenue growth narratives and the company’s positioning in expanding data-center and edge storage markets. Seagate Introduces Storage Built for Consumer Data Explosion
• Positive Sentiment: Recent coverage highlights Seagate’s strong top-line momentum and AI-driven demand (analysts pointing to another leg of the rally after big revenue beats), which supports higher multiple expansion. Why Seagate (STX) Stock Is Trading Up Today
• Neutral Sentiment: Defiance launched a 2x single-stock ETF (STXL) for STX, which can boost short-term volume and volatility by making leveraged exposure easier for traders — increases liquidity but also risk. Defiance Launches STXL: 2X Leveraged ETF on Seagate Technology Holdings plc
• Neutral Sentiment: Media/TV mentions (e.g., CNBC/Cramer roundups) keep Seagate in the spotlight; useful for retail interest but not a direct fundamental driver. Cramer Names ‘The Stocks That Got Away’
• Negative Sentiment: Valuation and leverage are potential headwinds — STX now trades at a high P/E and carries significant net leverage (debt-to-equity materially elevated), which raises downside risk if AI storage demand normalizes or growth disappoints.

Analysts Set New Price Targets

Several brokerages have commented on STX. Evercore raised their price target on shares of Seagate Technology from $450.00 to $550.00 and gave the company an “outperform” rating in a report on Wednesday, April 8th. Bank of America raised their price target on shares of Seagate Technology from $450.00 to $605.00 and gave the company a “buy” rating in a report on Monday. Rosenblatt Securities raised their price target on shares of Seagate Technology from $370.00 to $500.00 and gave the company a “buy” rating in a report on Wednesday, January 28th. Robert W. Baird raised their price target on shares of Seagate Technology from $270.00 to $505.00 and gave the company an “outperform” rating in a report on Thursday, January 29th. Finally, Argus raised their price target on shares of Seagate Technology from $300.00 to $450.00 and gave the company a “buy” rating in a report on Thursday, January 29th. Twenty research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $514.13.

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.