198,911 Shares in Seagate Technology Holdings PLC $STX Bought by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Seagate Technology Holdings PLC (NASDAQ:STX) during the 3rd quarter, HoldingsChannel reports. The fund bought 198,911 shares of the data storage provider’s stock, valued at approximately $183,464,000.

A number of other large investors have also made changes to their positions in STX. ProShare Advisors LLC boosted its stake in Seagate Technology by 3.9% during the third quarter. ProShare Advisors LLC now owns 265,185 shares of the data storage provider’s stock worth $244,591,000 after buying an additional 9,954 shares during the last quarter. Vise Technologies Inc. increased its stake in shares of Seagate Technology by 14.4% in the 3rd quarter. Vise Technologies Inc. now owns 9,069 shares of the data storage provider’s stock worth $8,365,000 after acquiring an additional 1,145 shares during the last quarter. Global Assets Advisory LLC increased its stake in shares of Seagate Technology by 8.2% in the 3rd quarter. Global Assets Advisory LLC now owns 302 shares of the data storage provider’s stock worth $272,000 after acquiring an additional 23 shares during the last quarter. Americana Partners LLC increased its stake in shares of Seagate Technology by 203.7% in the 3rd quarter. Americana Partners LLC now owns 6,851 shares of the data storage provider’s stock worth $6,319,000 after acquiring an additional 4,595 shares during the last quarter. Finally, Aprio Wealth Management LLC raised its holdings in shares of Seagate Technology by 11.2% during the 3rd quarter. Aprio Wealth Management LLC now owns 1,009 shares of the data storage provider’s stock worth $931,000 after acquiring an additional 102 shares during the period. 92.87% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

STX has been the subject of several recent analyst reports. Wedbush restated an “outperform” rating and set a $1,000.00 price objective on shares of Seagate Technology in a research report on Wednesday. JPMorgan Chase & Co. boosted their target price on shares of Seagate Technology from $1,095.00 to $1,240.00 and gave the company an “overweight” rating in a report on Wednesday, July 29th. Zacks Research lowered shares of Seagate Technology from a “strong-buy” rating to a “hold” rating in a report on Monday, September 28th. Sanford C. Bernstein reissued an “outperform” rating and issued a $1,350.00 price target on shares of Seagate Technology in a research note on Wednesday, July 29th. Finally, Susquehanna cut their price target on shares of Seagate Technology from $925.00 to $765.00 and set a “neutral” rating for the company in a report on Wednesday. Twenty-two equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat, Seagate Technology has a consensus rating of “Moderate Buy” and an average price target of $1,000.88.

Seagate Technology News Summary

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

• Positive Sentiment: Seagate reported fiscal Q1 2027 revenue of approximately $4.23 billion, up 61% year over year, and non-GAAP EPS of $7.68, exceeding the $7.44 consensus estimate. Record free cash flow of roughly $1.5 billion, stronger pricing and robust mass-capacity demand support the company’s AI and cloud-storage growth outlook. Seagate Q1 Earnings Ride Record Cash Flow and AI Demand
• Positive Sentiment: Analysts continue to highlight Seagate’s exposure to expanding data-center capacity needs. Some commentary favors STX over Western Digital because of its higher return on equity, lower forward valuation and record cash generation. Western Digital vs. Seagate
• Positive Sentiment: Seagate announced a dividend increase, adding to its appeal for income-oriented investors during market volatility and ongoing inflation and interest-rate uncertainty. Stocks That Declared Dividend Hikes
• Positive Sentiment: Wedbush maintained an “Outperform” rating, while Morgan Stanley reportedly reduced its target but still sees substantial potential upside, indicating that some analysts view the pullback as an opportunity. Wedbush Outperform Rating
• Neutral Sentiment: The earnings response has been muted because elevated expectations appear to have been largely priced into STX after its substantial prior run. Investors are weighing excellent results against valuation, future growth assumptions and the sustainability of AI-driven demand. Post-Earnings Pullback
• Negative Sentiment: Seagate is declining alongside Sandisk, Western Digital and Micron in a broader semiconductor and memory-stock selloff, suggesting sector-wide profit-taking is outweighing the company’s earnings beat. Storage and Memory Stocks Sell Off
• Negative Sentiment: TD Cowen, Morgan Stanley, Citigroup, Susquehanna and Wells Fargo lowered their price targets or forecasts. Summit Insights also downgraded the stock, creating near-term pressure even though several firms remain constructive. TD Cowen Cuts Seagate Price Target

Insider Activity

In other Seagate Technology news, EVP Ban Teh sold 52,730 shares of the firm’s stock in a transaction that occurred on Tuesday, September 15th. The shares were sold at an average price of $782.08, for a total value of $41,239,078.40. Following the completion of the transaction, the executive vice president owned 5,810 shares of the company’s stock, valued at $4,543,884.80. This trade represents a 90.08% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP James Lee sold 547 shares of the business’s stock in a transaction on Friday, October 23rd. The stock was sold at an average price of $642.14, for a total transaction of $351,250.58. Following the completion of the transaction, the executive vice president owned 1,037 shares of the company’s stock, valued at approximately $665,899.18. This trade represents a 34.53% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 466,812 shares of company stock worth $378,583,042 over the last 90 days. Company insiders own 0.51% of the company’s stock.

Seagate Technology Stock Performance

Shares of Seagate Technology stock opened at $644.58 on Friday. The stock has a market capitalization of $146.57 billion, a price-to-earnings ratio of 33.85 and a beta of 2.06. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.82 and a quick ratio of 1.17. The business has a 50-day moving average of $799.09 and a 200 day moving average of $688.41. Seagate Technology Holdings PLC has a 12 month low of $228.61 and a 12 month high of $1,145.00.

Seagate Technology (NASDAQ:STX) last issued its quarterly earnings results on Tuesday, October 27th. The data storage provider reported $7.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $7.44 by $0.24. The company had revenue of $4.23 billion for the quarter, compared to analyst estimates of $4.15 billion. Seagate Technology had a net margin of 31.86% and a return on equity of 252.47%. The business’s revenue for the quarter was up 61.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.61 earnings per share. As a group, sell-side analysts forecast that Seagate Technology Holdings PLC will post 37.44 earnings per share for the current year.

Seagate Technology Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 7th. Investors of record on Wednesday, December 23rd will be issued a $0.76 dividend. This represents a $3.04 dividend on an annualized basis and a dividend yield of 0.5%. This is an increase from Seagate Technology’s previous quarterly dividend of $0.74. The ex-dividend date is Wednesday, December 23rd. Seagate Technology’s dividend payout ratio (DPR) is presently 15.55%.

Seagate Technology Company Profile

Seagate Technology Holdings plc (NASDAQ: STX) is a data storage company that develops and manufactures mass-capacity storage products and solutions. Its portfolio is centered on hard disk drives (HDDs) used in cloud data centers, enterprise systems, network-attached storage, video and imaging applications, and personal computers.

The company also provides storage-related services and solutions designed to help organizations store, manage, protect, and access large volumes of digital information.