State of Wyoming Trims Position in Seagate Technology Holdings PLC $STX

State of Wyoming lessened its position in shares of Seagate Technology Holdings PLC (NASDAQ:STX) by 69.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 3,041 shares of the data storage provider’s stock after selling 6,834 shares during the quarter. State of Wyoming’s holdings in Seagate Technology were worth $837,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of STX. Arrowstreet Capital Limited Partnership increased its position in Seagate Technology by 1,072.5% during the third 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 during the last quarter. Massachusetts Financial Services Co. MA increased its position in Seagate Technology by 1,510.1% during 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 acquiring an additional 1,883,769 shares during the last quarter. Norges Bank purchased a new stake in Seagate Technology during the fourth quarter valued at $498,363,000. Soroban Capital Partners LP increased its position in Seagate Technology by 1,468.1% during 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 acquiring an additional 1,327,197 shares during the last quarter. Finally, National Pension Service increased its position in Seagate Technology by 298.7% in the fourth quarter. National Pension Service now owns 997,223 shares of the data storage provider’s stock worth $274,625,000 after buying an additional 747,102 shares in the last quarter. Hedge funds and other institutional investors own 92.87% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on STX. Cantor Fitzgerald upped their price target on Seagate Technology from $700.00 to $1,000.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 29th. Susquehanna upped their price target on Seagate Technology from $485.00 to $615.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 29th. Citigroup upped their price target on Seagate Technology from $740.00 to $1,150.00 and gave the stock a “buy” rating in a research report on Tuesday. The Goldman Sachs Group upped their price target on Seagate Technology from $385.00 to $700.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. Finally, Bank of America upped their price target on Seagate Technology from $840.00 to $900.00 and gave the stock a “buy” rating in a research report on Tuesday, May 26th. One research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $772.04.

Key Seagate Technology News

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

• Positive Sentiment: Analysts continue to view Seagate as a beneficiary of the AI data-center buildout, with recent coverage naming STX among growth stocks helped by massive infrastructure spending. Buy These 5 Growth Stocks in June Amid Massive AI Infrastructure Boost
• Positive Sentiment: Seagate has also been highlighted as a stock hitting record levels and extending a strong rally, reinforcing momentum-driven buying interest. Data Storage Name Could See More Records
• Positive Sentiment: Wall Street sentiment remains constructive, with multiple recent analyst upgrades and price-target increases signaling expectations for further upside in Seagate shares.
• Neutral Sentiment: Seagate’s recent conference presentation kept the company in the spotlight, but no major new operating guidance was disclosed in the article list provided. Seagate Technology Holdings plc Presents at Bank of America 2026 Global Technology Conference Transcript
• Negative Sentiment: Director Shankar Arumugavelu sold 1,000 shares, and earlier insider sales by other directors may temper enthusiasm, even though these transactions do not necessarily signal a change in fundamentals.
• Negative Sentiment: News of Seagate’s $175 million settlement over Huawei-related claims could keep legal and compliance risk in focus for investors, despite reducing some uncertainty. Seagate Settlement Over Huawei Sales Reframes Risks For Soaring Stock Narrative

Seagate Technology Stock Performance

NASDAQ STX opened at $925.99 on Friday. The firm has a market cap of $207.63 billion, a price-to-earnings ratio of 87.85 and a beta of 2.04. The company has a quick ratio of 0.85, a current ratio of 1.33 and a debt-to-equity ratio of 3.16. The business has a 50-day moving average price of $652.82 and a 200-day moving average price of $451.46. Seagate Technology Holdings PLC has a twelve month low of $124.63 and a twelve month high of $966.80.

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

Seagate Technology Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 7th. Stockholders of record on Wednesday, June 24th will be paid a $0.74 dividend. The ex-dividend date of this dividend is Wednesday, June 24th. This represents a $2.96 dividend on an annualized basis and a dividend yield of 0.3%. Seagate Technology’s dividend payout ratio is 28.08%.

Insiders Place Their Bets

In other news, EVP John Christopher Morris sold 5,626 shares of the company’s stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $738.37, for a total value of $4,154,069.62. Following the completion of the transaction, the executive vice president owned 11,954 shares of the company’s stock, valued at $8,826,474.98. This represents a 32.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Gianluca Romano sold 22,488 shares of the company’s stock in a transaction dated Wednesday, May 6th. The stock was sold at an average price of $774.22, for a total value of $17,410,659.36. Following the completion of the transaction, the chief financial officer directly owned 42,847 shares of the company’s stock, valued at approximately $33,173,004.34. This trade represents a 34.42% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 155,187 shares of company stock worth $108,267,701. 0.79% of the stock is currently owned by insiders.

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.