Czech National Bank Boosts Stock Position in Seagate Technology Holdings PLC $STX

Czech National Bank increased its holdings in Seagate Technology Holdings PLC (NASDAQ:STX) by 7.5% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 63,824 shares of the data storage provider’s stock after purchasing an additional 4,433 shares during the period. Czech National Bank’s holdings in Seagate Technology were worth $61,590,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Annis Gardner Whiting Capital Advisors LLC increased its holdings in shares of Seagate Technology by 23.1% in the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 80 shares of the data storage provider’s stock worth $31,000 after buying an additional 15 shares during the last quarter. Salomon & Ludwin LLC lifted its holdings in shares of Seagate Technology by 124.4% in the 4th quarter. Salomon & Ludwin LLC now owns 92 shares of the data storage provider’s stock valued at $27,000 after acquiring an additional 51 shares during the last quarter. WealthCollab LLC lifted its holdings in shares of Seagate Technology by 27.4% in the 1st quarter. WealthCollab LLC now owns 93 shares of the data storage provider’s stock valued at $36,000 after acquiring an additional 20 shares during the last quarter. Catalyst Capital Advisors LLC purchased a new position in Seagate Technology in the first quarter worth about $39,000. Finally, Concord Wealth Partners purchased a new position in Seagate Technology in the fourth quarter worth about $28,000. Institutional investors own 92.87% of the company’s stock.

Key Seagate Technology News

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

• Positive Sentiment: Analysts raised Seagate’s fair-value estimate. New assumptions around hard-disk-drive pricing power, AI-driven storage demand, margins and cash generation lifted a reported fair-value estimate from $959.48 to $1,115.87, reinforcing the long-term bullish case for STX. Seagate Stock Fair Value Rises
• Positive Sentiment: STX remains a favored AI-growth stock. Seagate was included among highly ranked August growth ideas, with analysts citing continued AI infrastructure spending and demand for data-center storage. The company also recently exceeded quarterly EPS and revenue expectations and issued strong forward EPS guidance. Top-Ranked Growth Stocks for August
• Neutral Sentiment: An executive sale was disclosed. EVP John Christopher Morris sold 168 shares for about $137,000 under a pre-arranged Rule 10b5-1 trading plan. Because the transaction was scheduled in advance and represented only a 1.39% reduction in his holdings, it is a limited signal of management sentiment. Seagate Insider Sale
• Negative Sentiment: Sector guidance failed to meet elevated expectations. Western Digital beat quarterly estimates but its outlook disappointed investors, while Sandisk similarly failed to provide the “knockout” guidance the AI-memory trade has come to expect. Seagate, Micron, SK Hynix and Samsung consequently moved lower in sympathy. Why Western Digital Stock Is Sinking
• Negative Sentiment: High valuation increases sensitivity to sentiment. With STX trading at an elevated earnings multiple and carrying a beta of 2.06, investors may be particularly quick to lock in gains when peer guidance raises concerns about the pace or durability of AI-related storage demand.

Insider Buying and Selling at Seagate Technology

In other news, CEO William D. Mosley sold 17,080 shares of the stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $827.30, for a total transaction of $14,130,284.00. Following the transaction, the chief executive officer owned 295,517 shares of the company’s stock, valued at approximately $244,481,214.10. This represents a 5.46% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP James Ci Lee sold 694 shares of the stock in a transaction dated Thursday, July 30th. The stock was sold at an average price of $877.45, for a total transaction of $608,950.30. Following the transaction, the executive vice president owned 347 shares in the company, valued at approximately $304,475.15. The trade was a 66.67% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 149,638 shares of company stock worth $126,692,095 over the last quarter. Insiders own 0.79% of the company’s stock.

Analyst Upgrades and Downgrades

STX has been the topic of a number of recent research reports. Zacks Research upgraded Seagate Technology from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 28th. Rosenblatt Securities lifted their target price on Seagate Technology from $1,300.00 to $1,400.00 and gave the stock a “buy” rating in a report on Wednesday, July 29th. Argus boosted their target price on Seagate Technology from $750.00 to $900.00 and gave the company a “buy” rating in a research report on Thursday, July 30th. Bank of America increased their price target on Seagate Technology from $1,000.00 to $1,150.00 and gave the company a “buy” rating in a report on Wednesday, July 1st. Finally, Morgan Stanley raised their price target on Seagate Technology from $1,035.00 to $1,187.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 29th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $986.00.

Seagate Technology Trading Up 1.8%

STX opened at $852.95 on Friday. The company has a debt-to-equity ratio of 1.56, a quick ratio of 1.17 and a current ratio of 1.67. The stock’s 50 day moving average price is $896.05 and its 200-day moving average price is $644.70. Seagate Technology Holdings PLC has a one year low of $144.75 and a one year high of $1,145.00. The stock has a market cap of $193.32 billion, a price-to-earnings ratio of 61.45 and a beta of 2.06.

Seagate Technology (NASDAQ:STX) last announced its quarterly earnings data on Tuesday, July 28th. The data storage provider reported $5.71 earnings per share for the quarter, beating analysts’ consensus estimates of $5.10 by $0.61. The company had revenue of $3.63 billion during the quarter, compared to analyst estimates of $3.50 billion. Seagate Technology had a net margin of 26.11% and a return on equity of 369.98%. The firm’s revenue for the quarter was up 48.5% on a year-over-year basis. During the same quarter last year, the business posted $2.59 EPS. Seagate Technology has set its Q1 2027 guidance at 7.100-7.500 EPS. On average, equities analysts forecast that Seagate Technology Holdings PLC will post 33.08 EPS for the current year.

Seagate Technology Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 7th. Shareholders of record on Thursday, September 24th will be issued a dividend of $0.74 per share. This represents a $2.96 annualized dividend and a yield of 0.3%. The ex-dividend date is Thursday, September 24th. Seagate Technology’s dividend payout ratio (DPR) is presently 21.33%.

Seagate Technology 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.