Seagate Technology Holdings PLC $STX Stock Holdings Lifted by China Universal Asset Management Co. Ltd.

China Universal Asset Management Co. Ltd. increased its stake in Seagate Technology Holdings PLC (NASDAQ:STX) by 63.5% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 11,037 shares of the data storage provider’s stock after acquiring an additional 4,285 shares during the quarter. China Universal Asset Management Co. Ltd.’s holdings in Seagate Technology were worth $10,090,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Wellington Management Group LLP boosted its position in Seagate Technology by 2,655.9% in the 2nd quarter. Wellington Management Group LLP now owns 2,414,136 shares of the data storage provider’s stock valued at $2,329,641,000 after buying an additional 2,326,538 shares during the period. Janus Henderson Group PLC grew its stake in Seagate Technology by 3,872.1% in the 1st quarter. Janus Henderson Group PLC now owns 967,528 shares of the data storage provider’s stock worth $378,985,000 after acquiring an additional 943,170 shares in the last quarter. Swedbank AB increased its position in shares of Seagate Technology by 67.6% during the first quarter. Swedbank AB now owns 709,160 shares of the data storage provider’s stock worth $277,821,000 after acquiring an additional 285,949 shares during the period. Amundi increased its position in shares of Seagate Technology by 32.2% during the first quarter. Amundi now owns 965,565 shares of the data storage provider’s stock worth $378,267,000 after acquiring an additional 235,359 shares during the period. Finally, Hsbc Holdings PLC increased its position in shares of Seagate Technology by 119.7% during the first quarter. Hsbc Holdings PLC now owns 378,527 shares of the data storage provider’s stock worth $147,753,000 after acquiring an additional 206,196 shares during the period. Institutional investors own 92.87% of the company’s stock.

Insider Buying and Selling

In other news, EVP John Morris sold 15,466 shares of the stock in a transaction dated Tuesday, September 15th. The shares were sold at an average price of $772.15, for a total transaction of $11,942,071.90. Following the sale, the executive vice president directly owned 31,132 shares of the company’s stock, valued at $24,038,573.80. This represents a 33.19% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO William Mosley sold 97,889 shares of the firm’s stock in a transaction that occurred on Tuesday, September 15th. The shares were sold at an average price of $772.14, for a total value of $75,584,012.46. Following the completion of the sale, the chief executive officer directly owned 378,108 shares in the company, valued at approximately $291,952,311.12. The trade was a 20.57% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last three months, insiders sold 466,812 shares of company stock valued at $378,583,042. Insiders own 0.51% of the company’s stock.

Key Seagate Technology News

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

• Positive Sentiment: Results exceeded expectations: Fiscal Q1 revenue rose 61% year over year to $4.23 billion, while EPS of $7.68 topped the $7.45 consensus estimate. Data-center revenue increased 63%, and record free cash flow strengthened the earnings quality. STX Q1 Earnings and Revenues Beat
• Positive Sentiment: AI infrastructure demand remains robust: Cloud and other data-center customers represented about 90% of shipped capacity. Nearline supply is largely committed through 2028 or 2030, while HAMR technology, favorable pricing and double-digit sequential growth are expected to support fiscal Q2 revenue of approximately $4.8 billion and non-GAAP EPS of $9.20. Seagate Technology Key Takeaways
• Positive Sentiment: Analysts remain constructive: Wells Fargo maintained an overweight rating, while TD Cowen, Citigroup and other firms kept buy or overweight recommendations despite reducing price targets. Commentary comparing Seagate with Western Digital also favors STX because of its higher return on equity, lower forward P/E and record cash generation. Western Digital versus Seagate
• Positive Sentiment: Shareholder returns improved: Seagate raised its quarterly dividend 2.7% to $0.76 per share and indicated that strong cash generation could support additional share repurchases. Seagate Dividend Increase
• Neutral Sentiment: Valuation and expectations are elevated: The earnings beat and AI outlook were largely anticipated, increasing the risk that further gains require continued execution and stronger-than-expected demand.
• Negative Sentiment: Growth concerns triggered selling: Investors focused on slower exabyte shipment growth and the possibility of margin deceleration, causing the stock to decline despite record results and upbeat guidance. Why Seagate Stock Is Falling
• Negative Sentiment: Price-target reductions reflect caution: Susquehanna cut its target to $765 and moved to neutral, while several other firms lowered targets even while retaining positive ratings. Summit Insights separately downgraded STX to hold.

Seagate Technology Price Performance

Shares of STX opened at $700.47 on Friday. 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 company’s fifty day moving average price is $803.20 and its 200-day moving average price is $686.80. The firm has a market capitalization of $159.28 billion, a PE ratio of 36.79 and a beta of 2.06. Seagate Technology Holdings PLC has a 1-year low of $228.61 and a 1-year high of $1,145.00.

Seagate Technology (NASDAQ:STX) last announced its quarterly earnings data on Tuesday, October 27th. The data storage provider reported $7.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.44 by $0.24. Seagate Technology had a return on equity of 252.47% and a net margin of 31.86%. The firm had revenue of $4.23 billion during the quarter, compared to analysts’ expectations of $4.15 billion. During the same period last year, the business posted $2.61 earnings per share. The company’s revenue for the quarter was up 61.0% compared to the same quarter last year. On average, equities research analysts predict that Seagate Technology Holdings PLC will post 35.79 EPS for the current year.

Seagate Technology Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 7th. Shareholders of record on Wednesday, December 23rd will be paid a dividend of $0.76 per share. This represents a $3.04 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date is Wednesday, December 23rd. This is an increase from Seagate Technology’s previous quarterly dividend of $0.74. Seagate Technology’s dividend payout ratio (DPR) is 15.97%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on STX. Weiss Ratings raised shares of Seagate Technology from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, October 16th. Zacks Research cut Seagate Technology from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 28th. Rosenblatt Securities reduced their price objective on Seagate Technology from $1,400.00 to $1,100.00 and set a “buy” rating on the stock in a report on Monday. Wells Fargo & Company decreased their target price on Seagate Technology from $865.00 to $820.00 and set an “overweight” rating for the company in a research report on Wednesday. Finally, Morgan Stanley reduced their price objective on shares of Seagate Technology from $1,200.00 to $1,148.00 and set an “overweight” rating for the company in a research note on Wednesday. Twenty-two analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $1,000.88.

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.