Seagate Technology Holdings PLC $STX Shares Bought by Principal Financial Group Inc.

Principal Financial Group Inc. lifted its holdings in Seagate Technology Holdings PLC (NASDAQ:STX) by 2.3% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 229,594 shares of the data storage provider’s stock after purchasing an additional 5,091 shares during the quarter. Principal Financial Group Inc.’s holdings in Seagate Technology were worth $54,198,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of STX. State Street Corp grew its position in Seagate Technology by 5.0% in the 2nd quarter. State Street Corp now owns 9,001,365 shares of the data storage provider’s stock valued at $1,305,499,000 after buying an additional 432,455 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of Seagate Technology by 1.9% in the 2nd quarter. Geode Capital Management LLC now owns 4,567,181 shares of the data storage provider’s stock worth $656,066,000 after acquiring an additional 85,660 shares during the period. Soroban Capital Partners LP boosted its holdings in shares of Seagate Technology by 1,468.1% in the second quarter. Soroban Capital Partners LP now owns 1,417,600 shares of the data storage provider’s stock valued at $204,602,000 after acquiring an additional 1,327,197 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Seagate Technology by 1.5% during the second quarter. Charles Schwab Investment Management Inc. now owns 1,386,524 shares of the data storage provider’s stock valued at $200,117,000 after acquiring an additional 20,618 shares during the period. Finally, Norges Bank bought a new stake in Seagate Technology during the second quarter worth approximately $197,027,000. 92.87% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on STX. Sanford C. Bernstein upped their price objective on Seagate Technology from $275.00 to $370.00 and gave the company an “outperform” rating in a report on Thursday, November 6th. Argus boosted their price target on shares of Seagate Technology from $300.00 to $450.00 and gave the company a “buy” rating in a report on Thursday, January 29th. Jefferies Financial Group reissued a “hold” rating on shares of Seagate Technology in a research report on Wednesday. Loop Capital boosted their price objective on shares of Seagate Technology from $350.00 to $465.00 and gave the company a “buy” rating in a research report on Monday, November 10th. Finally, Wedbush increased their price objective on Seagate Technology from $290.00 to $380.00 and gave the stock an “outperform” rating in a report on Friday, January 23rd. One investment analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, Seagate Technology has an average rating of “Moderate Buy” and a consensus target price of $424.09.

Seagate Technology Stock Down 5.8%

STX stock opened at $418.63 on Thursday. The firm has a market cap of $91.29 billion, a PE ratio of 47.36, a PEG ratio of 0.99 and a beta of 1.62. Seagate Technology Holdings PLC has a 1 year low of $63.19 and a 1 year high of $459.41. The company has a fifty day simple moving average of $314.83 and a 200 day simple moving average of $245.01. The company has a current ratio of 1.12, a quick ratio of 0.72 and a debt-to-equity ratio of 7.63.

Seagate Technology (NASDAQ:STX) last posted its earnings results on Tuesday, January 27th. The data storage provider reported $3.11 EPS for the quarter, topping the consensus estimate of $2.77 by $0.34. Seagate Technology had a net margin of 19.59% and a negative return on equity of 936.38%. The firm had revenue of $2.83 billion for the quarter, compared to the consensus estimate of $2.73 billion. During the same period in the prior year, the business posted $2.03 earnings per share. The business’s quarterly revenue was up 21.5% on a year-over-year basis. Seagate Technology has set its Q3 2026 guidance at 3.200-3.600 EPS. Sell-side analysts anticipate that Seagate Technology Holdings PLC will post 6.83 EPS for the current fiscal year.

Seagate Technology Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 8th. Investors of record on Wednesday, March 25th will be paid a $0.74 dividend. This represents a $2.96 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend is Wednesday, March 25th. Seagate Technology’s dividend payout ratio (DPR) is presently 33.48%.

Insider Transactions at Seagate Technology

In other Seagate Technology news, EVP Ban Seng Teh sold 20,195 shares of the company’s stock in a transaction that occurred on Thursday, January 29th. The stock was sold at an average price of $442.29, for a total transaction of $8,932,046.55. Following the completion of the sale, the executive vice president owned 3,092 shares of the company’s stock, valued at $1,367,560.68. This represents a 86.72% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Yolanda Lee Conyers sold 750 shares of the stock in a transaction that occurred on Tuesday, December 2nd. The shares were sold at an average price of $272.91, for a total value of $204,682.50. Following the transaction, the director owned 5,601 shares in the company, valued at approximately $1,528,568.91. This trade represents a 11.81% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 137,976 shares of company stock worth $45,330,378. 0.79% of the stock is currently owned by company insiders.

Seagate Technology News Summary

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

• Positive Sentiment: Q4 results and AI tailwind — Seagate beat estimates (EPS $3.11 vs $2.77; revenue $2.83B vs $2.73B) and gave robust near‑term guidance (Q3 FY26 EPS $3.20–$3.60), citing AI-driven demand and long‑term HAMR visibility — a clear fundamental driver of the rally. Read More.
• Positive Sentiment: Cantor Fitzgerald boost — Cantor raised its price target sharply (from $500 to $650) and put an “overweight” rating on STX, signaling sizable upside versus the recent price and helping fuel momentum. Read More.
• Positive Sentiment: Broader analyst re‑ratings — Multiple firms have raised targets (including recent MSN/other reports raising targets into the $400s), supporting valuation re‑rating and increased buy‑side interest. Read More.
• Positive Sentiment: Dividend & shareholder returns — Seagate declared a quarterly dividend ($0.74), which supports income/semi‑value investor interest and slightly cushions sentiment. Read More.
• Neutral Sentiment: Media & momentum coverage — Zacks and other outlets are spotlighting STX as a momentum/growth pick tied to AI storage demand; useful for retail flows but secondary to earnings and guidance. Read More.
• Negative Sentiment: Insider selling — Several insiders sold shares recently (CEO William Mosley sold 20,000 shares at ~ $429.27; other executives/directors also sold), which can trigger short‑term caution and amplify profit‑taking after the run to 52‑week highs. Read More. Read More.

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.