Zurcher Kantonalbank Zurich Cantonalbank Increases Stock Position in Seagate Technology Holdings PLC $STX

Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Seagate Technology Holdings PLC (NASDAQ:STX) by 1.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 56,229 shares of the data storage provider’s stock after buying an additional 911 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Seagate Technology were worth $15,485,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. National Pension Service boosted its stake in Seagate Technology by 28.0% during the third quarter. National Pension Service now owns 250,121 shares of the data storage provider’s stock worth $59,044,000 after buying an additional 54,722 shares during the period. Tokio Marine Asset Management Co. Ltd. acquired a new stake in shares of Seagate Technology during the third quarter worth about $1,864,000. Sumitomo Mitsui Trust Group Inc. lifted its position in shares of Seagate Technology by 1.2% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 518,806 shares of the data storage provider’s stock worth $142,874,000 after purchasing an additional 6,028 shares in the last quarter. Keystone Investors PTE Ltd. lifted its position in shares of Seagate Technology by 55.7% during the third quarter. Keystone Investors PTE Ltd. now owns 50,321 shares of the data storage provider’s stock worth $11,879,000 after purchasing an additional 18,000 shares in the last quarter. Finally, Estate Counselors LLC acquired a new stake in shares of Seagate Technology during the third quarter worth about $2,557,000. Hedge funds and other institutional investors own 92.87% of the company’s stock.

Seagate Technology Stock Up 3.6%

Shares of NASDAQ:STX opened at $579.88 on Thursday. The firm’s 50 day moving average price is $431.56 and its 200 day moving average price is $340.81. The stock has a market cap of $126.46 billion, a price-to-earnings ratio of 65.60, a price-to-earnings-growth ratio of 0.93 and a beta of 1.61. Seagate Technology Holdings PLC has a fifty-two week low of $77.56 and a fifty-two week high of $586.00. The company has a quick ratio of 0.72, a current ratio of 1.12 and a debt-to-equity ratio of 7.63.

Seagate Technology (NASDAQ:STX) last issued its earnings results on Tuesday, January 27th. The data storage provider reported $3.11 earnings per share for the quarter, beating the consensus estimate of $2.77 by $0.34. The firm had revenue of $2.83 billion for the quarter, compared to analysts’ expectations of $2.73 billion. Seagate Technology had a net margin of 19.59% and a negative return on equity of 936.38%. The firm’s revenue was up 21.5% compared to the same quarter last year. During the same quarter last year, the company earned $2.03 earnings per share. Seagate Technology has set its Q3 2026 guidance at 3.200-3.600 EPS. As a group, equities research analysts predict that Seagate Technology Holdings PLC will post 12.13 earnings per share for the current fiscal year.

Seagate Technology Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 8th. Investors of record on Wednesday, March 25th were issued a $0.74 dividend. The ex-dividend date of this dividend was Wednesday, March 25th. This represents a $2.96 annualized dividend and a yield of 0.5%. Seagate Technology’s dividend payout ratio (DPR) is 33.48%.

Insider Transactions at Seagate Technology

In related news, EVP Ban Seng Teh sold 20,195 shares of the firm’s stock in a transaction that occurred on Thursday, January 29th. The shares were sold at an average price of $442.29, for a total value of $8,932,046.55. Following the sale, the executive vice president owned 3,092 shares of the company’s stock, valued at $1,367,560.68. This trade represents a 86.72% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Jay L. Geldmacher sold 925 shares of the firm’s stock in a transaction that occurred on Friday, January 30th. The shares were sold at an average price of $448.02, for a total transaction of $414,418.50. Following the completion of the sale, the director directly owned 223 shares in the company, valued at approximately $99,908.46. This trade represents a 80.57% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 112,223 shares of company stock valued at $46,711,217 over the last quarter. Insiders own 0.79% of the company’s stock.

Trending Headlines about Seagate Technology

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

• Positive Sentiment: Big analyst upgrade and higher price target from Barclays — Barclays moved STX to Overweight (buy) and lifted its price target to $625, signaling more upside tied to the HDD/AI cycle. Barclays Just Lifted Seagate Price Target From $425 to $625
• Positive Sentiment: Additional bullish analyst moves — Bank of America and other brokers raised price targets and coverage consensus has moved toward a “moderate buy,” adding upward momentum. Seagate Receives Average Recommendation of “Moderate Buy” from Brokerages
• Positive Sentiment: Fundamentals and AI demand — Recent commentary and reports point to strong AI-driven storage demand and revenue/earnings upside (recent quarters showed double?digit revenue growth), underpinning the rally to record highs. Seagate Stock Upgraded To Buy Rating. Here’s Why There Is ‘Another Leg’ To AI-Fueled Rally.
• Neutral Sentiment: Momentum and market coverage — Multiple market outlets (Zacks, MSN, Benzinga) are highlighting STX as a top momentum/growth stock, which can extend runs but also attracts short-term traders. Here’s Why Seagate (STX) is a Strong Growth Stock
• Neutral Sentiment: Upcoming earnings and guidance scrutiny — Wall Street expects further earnings growth and Seagate has near-term guidance that investors will parse closely; beats could reinforce the rally, misses could reverse it. Seagate (STX) Reports Next Week: Wall Street Expects Earnings Growth
• Negative Sentiment: Valuation and balance-sheet risks — Commentators warn the stock is richly valued after a multi-hundred-percent run; Seagate’s high debt-to-equity ratio and atypical ROE metrics are risk factors if demand or pricing softens. Is Western Digital Stock a Buy, Sell, or Hold After Hitting a 52-Week High?
• Negative Sentiment: Mixed analyst signals — Some firms (UBS noted in recent coverage) remain neutral or show less upside, leaving the path dependent on execution and AI capacity demand sustaining high growth. Benzinga coverage (UBS price-target mention)

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. Susquehanna increased their price target on shares of Seagate Technology from $420.00 to $485.00 and gave the stock a “neutral” rating in a research report on Friday, April 10th. KeyCorp set a $500.00 price target on shares of Seagate Technology in a research report on Wednesday, January 28th. Cantor Fitzgerald increased their price target on shares of Seagate Technology from $500.00 to $650.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 4th. Sanford C. Bernstein increased their price target on shares of Seagate Technology from $500.00 to $620.00 and gave the stock an “outperform” rating in a research report on Thursday, April 9th. Finally, JPMorgan Chase & Co. increased their price target on shares of Seagate Technology from $525.00 to $600.00 and gave the stock an “overweight” rating in a research report on Thursday, April 16th. Twenty research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $514.13.

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.