Inscription Capital LLC Makes New $671,000 Investment in Seagate Technology Holdings PLC $STX

Inscription Capital LLC acquired a new stake in shares of Seagate Technology Holdings PLC (NASDAQ:STX) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 2,841 shares of the data storage provider’s stock, valued at approximately $671,000.

Other large investors have also recently made changes to their positions in the company. Harbor Asset Planning Inc. purchased a new position in Seagate Technology during the 2nd quarter valued at approximately $27,000. Rakuten Securities Inc. raised its holdings in shares of Seagate Technology by 884.2% during the 2nd quarter. Rakuten Securities Inc. now owns 187 shares of the data storage provider’s stock worth $27,000 after acquiring an additional 168 shares in the last quarter. MTM Investment Management LLC bought a new position in shares of Seagate Technology during the 2nd quarter valued at approximately $29,000. First Horizon Corp purchased a new position in shares of Seagate Technology in the third quarter valued at $33,000. Finally, GoalVest Advisory LLC increased its position in Seagate Technology by 30.6% in the second quarter. GoalVest Advisory LLC now owns 320 shares of the data storage provider’s stock worth $46,000 after purchasing an additional 75 shares during the last quarter. 92.87% of the stock is owned by institutional investors.

Insider Buying and Selling at Seagate Technology

In other Seagate Technology news, CFO Gianluca Romano sold 54,021 shares of the business’s stock in a transaction dated Wednesday, November 12th. The shares were sold at an average price of $285.16, for a total value of $15,404,628.36. Following the completion of the sale, the chief financial officer directly owned 56,293 shares of the company’s stock, valued at $16,052,511.88. The trade was a 48.97% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Stephanie Tilenius sold 2,046 shares of the company’s stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $266.41, for a total transaction of $545,074.86. Following the completion of the transaction, the director owned 12,244 shares in the company, valued at $3,261,924.04. This represents a 14.32% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 132,557 shares of company stock valued at $36,847,793. 0.79% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Citigroup increased their price objective on shares of Seagate Technology from $320.00 to $385.00 and gave the company a “buy” rating in a research report on Tuesday. Wedbush increased their price target on shares of Seagate Technology from $260.00 to $290.00 and gave the company an “outperform” rating in a report on Wednesday, October 29th. Rosenblatt Securities lifted their price target on Seagate Technology from $270.00 to $370.00 and gave the stock a “buy” rating in a research report on Tuesday. Mizuho lifted their target price on Seagate Technology from $290.00 to $370.00 and gave the stock an “outperform” rating in a report on Friday, January 9th. Finally, BNP Paribas Exane upgraded Seagate Technology from a “neutral” rating to an “outperform” rating and set a $380.00 price target on the stock in a report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $350.41.

Seagate Technology News Roundup

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

• Positive Sentiment: Bank of America reiterated a Buy on STX and raised its target to $400, citing stronger visibility into revenue and margin growth and forecasting a robust fiscal Q2 driven by data?center demand. Bank of America note / Proactive
• Positive Sentiment: Citigroup raised its price target to $385 and maintained a Buy rating, signaling analyst conviction that Seagate will capture AI/data?center storage spending. Citigroup raise / Benzinga
• Positive Sentiment: BNP Paribas Exane upgraded STX from Neutral to Outperform with a $380 target — another upward revision that helped lift market sentiment. BNP Paribas upgrade / Finviz
• Positive Sentiment: Sector narrative: analysts and market pieces are shifting attention from GPUs to storage as AI workloads increase demand for both hot?tier SSDs and large?capacity HDDs — a structural tailwind for Seagate’s enterprise/data?center business. Yahoo: Seagate rises after upgrade
• Neutral Sentiment: Rosenblatt and UBS raised targets (Rosenblatt to $370 buy; UBS raised its PT to $335 but kept a Neutral rating), reflecting higher earnings/valuation expectations while showing some variation in conviction. Rosenblatt/UBS / Benzinga
• Neutral Sentiment: Recent writeups looked at Seagate’s valuation after the rounds of upgrades and AI storage commentary — useful context for investors reassessing multiples amid faster revenue/margin visibility. Yahoo Finance valuation piece
• Negative Sentiment: Not all coverage is uniformly bullish: Zacks trimmed its rating from Strong?Buy to Hold, introducing a countervailing view on near?term upside and reminding investors some analysts see less immediate upside. Zacks downgrade TickerReport

Seagate Technology Stock Performance

STX opened at $344.22 on Thursday. The stock’s 50 day moving average price is $285.72 and its 200-day moving average price is $227.19. Seagate Technology Holdings PLC has a one year low of $63.19 and a one year high of $349.55. The stock has a market cap of $73.51 billion, a price-to-earnings ratio of 44.19, a P/E/G ratio of 1.28 and a beta of 1.60.

Seagate Technology Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 9th. Shareholders of record on Wednesday, December 24th were paid a $0.74 dividend. The ex-dividend date was Wednesday, December 24th. This is a positive change from Seagate Technology’s previous quarterly dividend of $0.72. This represents a $2.96 dividend on an annualized basis and a yield of 0.9%. Seagate Technology’s payout ratio is 38.00%.

About Seagate Technology

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.