Horizon Investments LLC Raises Stock Holdings in Seagate Technology Holdings PLC $STX

Horizon Investments LLC raised its holdings in Seagate Technology Holdings PLC (NASDAQ:STX) by 46.1% during the 4th quarter, Holdings Channel reports. The firm owned 5,737 shares of the data storage provider’s stock after buying an additional 1,811 shares during the quarter. Horizon Investments LLC’s holdings in Seagate Technology were worth $1,580,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in STX. Salomon & Ludwin LLC raised its position in Seagate Technology by 124.4% during the fourth quarter. Salomon & Ludwin LLC now owns 92 shares of the data storage provider’s stock worth $27,000 after acquiring an additional 51 shares during the period. Armstrong Advisory Group Inc. acquired a new stake in shares of Seagate Technology in the fourth quarter valued at about $28,000. Concord Wealth Partners purchased a new stake in shares of Seagate Technology during the fourth quarter worth about $28,000. Avion Wealth increased its stake in shares of Seagate Technology by 343.5% during the fourth quarter. Avion Wealth now owns 102 shares of the data storage provider’s stock worth $28,000 after purchasing an additional 79 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Seagate Technology during the 4th quarter worth about $37,000. 92.87% of the stock is owned by institutional investors and hedge funds.

Seagate Technology News Summary

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

• Positive Sentiment: Seagate launched an AI?focused storage suite (consumer and professional lines, up to 256TB, Thunderbolt 5 support) aimed at creators, gamers and AI workflows — a product update that can support higher ASPs and reinforce Seagate’s AI growth story. Seagate’s New AI Storage Suite Meets Rapidly Rising STX Valuation
• Positive Sentiment: Media and analyst pieces are framing STX as a momentum/AI beneficiary, helping investor sentiment and validating Seagate’s premium re?rating. Seagate Stock’s Rally Is No Accident: 3 Reasons Wall Street Is Optimistic
• Positive Sentiment: Zacks published a momentum?oriented bullish piece on STX, which can attract momentum traders and retail flows. Seagate (STX) is a Great Momentum Stock: Should You Buy?
• Positive Sentiment: Broader market risk appetite is improving as the VIX drifts lower, which typically supports tech and cyclical names like Seagate. CBOE VIX Slides Toward 17 as Oil Retreat and Tech Stock Surge Restore Risk Appetite
• Neutral Sentiment: Long?time Lead Independent Director Mike Cannon announced he will retire at the end of his term in Oct?2026 — a governance change but expected and orderly given his tenure. Seagate Announces the Retirement of Michael R. Cannon, Lead Independent Director
• Neutral Sentiment: A broader fintech/AI narrative piece referenced top AI performers; its inclusion underscores investor focus on AI exposure but impact on STX is indirect. The Best?Performing AI Stock Nobody Is Talking About Has Outrun Nvidia by a Mile
• Negative Sentiment: EVP James Ci Lee sold 697 shares at an average $741.17 under a pre?arranged Rule 10b5?1 plan (filed with the SEC); while routine, insider selling can be viewed negatively by some investors. SEC Filing – James Ci Lee Form 4
• Negative Sentiment: EVP John Christopher Morris sold 5,626 shares at ~$738.37 under a Rule 10b5?1 plan (SEC filing); a sizeable cash?out that may catch investor attention. SEC Filing – John Christopher Morris Form 4
• Negative Sentiment: Director Stephanie Tilenius sold 1,580 shares at ~$766.61; while disclosed, multiple recent insider sales collectively add short?term headline risk. SEC Filing – Stephanie Tilenius Form 4

Insiders Place Their Bets

In other Seagate Technology news, EVP Kian Fatt Chong sold 5,846 shares of the firm’s stock in a transaction on Monday, February 23rd. The stock was sold at an average price of $416.48, for a total value of $2,434,742.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Stephanie Tilenius sold 1,580 shares of Seagate Technology stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $766.61, for a total value of $1,211,243.80. Following the transaction, the director owned 10,664 shares in the company, valued at approximately $8,175,129.04. This represents a 12.90% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 78,333 shares of company stock worth $34,426,485. 0.79% of the stock is currently owned by company insiders.

Seagate Technology Stock Up 2.0%

STX stock opened at $786.42 on Thursday. The company has a current ratio of 1.33, a quick ratio of 0.85 and a debt-to-equity ratio of 3.16. The firm has a 50-day moving average of $469.01 and a two-hundred day moving average of $365.87. Seagate Technology Holdings PLC has a 12 month low of $93.32 and a 12 month high of $792.01. The company has a market cap of $176.34 billion, a price-to-earnings ratio of 74.61 and a beta of 1.98.

Seagate Technology (NASDAQ:STX) last issued 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. Seagate Technology had a return on equity of 1,005.65% and a net margin of 21.60%.The business had revenue of $3.11 billion for the quarter, compared to analysts’ expectations of $2.96 billion. During the same period in the previous year, the firm posted $1.90 EPS. The business’s revenue for the quarter was up 44.1% compared to the same quarter last year. Seagate Technology has set its Q4 2026 guidance at 4.800-5.200 EPS. As a group, analysts forecast that Seagate Technology Holdings PLC will post 14.1 earnings per share for the current fiscal year.

Seagate Technology Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 7th. Shareholders of record on Wednesday, June 24th will be issued a $0.74 dividend. This represents a $2.96 annualized dividend and a yield of 0.4%. The ex-dividend date is Wednesday, June 24th. Seagate Technology’s dividend payout ratio is presently 28.08%.

Analysts Set New Price Targets

STX has been the topic of several research analyst reports. UBS Group lifted their price objective on Seagate Technology from $515.00 to $545.00 and gave the stock a “neutral” rating in a report on Wednesday, April 29th. The Goldman Sachs Group increased their target price on Seagate Technology from $385.00 to $700.00 and gave the company a “buy” rating in a report on Wednesday, April 29th. China Renaissance raised their target price on Seagate Technology from $325.00 to $452.00 and gave the company a “buy” rating in a research report on Thursday, January 15th. JPMorgan Chase & Co. lifted their price target on Seagate Technology from $525.00 to $775.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 29th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Seagate Technology in a research report on Friday, March 27th. One analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $709.13.

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.