QRG Capital Management Inc. Acquires 30,436 Shares of Seagate Technology Holdings PLC $STX

QRG Capital Management Inc. boosted its holdings in shares of Seagate Technology Holdings PLC (NASDAQ:STX) by 583.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 35,650 shares of the data storage provider’s stock after acquiring an additional 30,436 shares during the period. QRG Capital Management Inc.’s holdings in Seagate Technology were worth $9,818,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the business. WCM Investment Management LLC bought a new position in shares of Seagate Technology during the third quarter valued at approximately $1,187,621,000. Arrowstreet Capital Limited Partnership boosted its position in shares of Seagate Technology by 1,072.5% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 2,949,512 shares of the data storage provider’s stock worth $696,262,000 after purchasing an additional 2,697,957 shares in the last quarter. Massachusetts Financial Services Co. MA grew its stake in shares of Seagate Technology by 1,510.1% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 2,008,516 shares of the data storage provider’s stock worth $553,125,000 after buying an additional 1,883,769 shares during the last quarter. Soroban Capital Partners LP grew its stake in shares of Seagate Technology by 1,468.1% in the 2nd quarter. Soroban Capital Partners LP now owns 1,417,600 shares of the data storage provider’s stock worth $204,602,000 after buying an additional 1,327,197 shares during the last quarter. Finally, Trivest Advisors Ltd bought a new position in Seagate Technology during the 3rd quarter valued at approximately $170,435,000. Institutional investors own 92.87% of the company’s stock.

More Seagate Technology News

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

• Positive Sentiment: Wall Street optimism: MSN outlines three reasons for Seagate’s rally, citing demand dynamics and analyst enthusiasm that help explain the stock’s recent surge. Seagate Stocks’s Rally Is No Accident: 3 Reasons Wall Street Is Optimistic
• Positive Sentiment: Momentum profile: Zacks argues STX is a top momentum stock, highlighting strong price action, upgrade/estimate trends and momentum indicators that can attract momentum-focused buyers. Seagate (STX) is a Great Momentum Stock: Should You Buy?
• Positive Sentiment: AI demand narrative: 247WallSt spotlights Seagate as an under-the-radar AI beneficiary that has outperformed larger names, reinforcing investor interest in STX as AI/cloud storage tailwinds persist. The Best-Performing AI Stock Nobody Is Talking About Has Outrun Nvidia by a Mile
• Positive Sentiment: Earnings-estimate revisions: Coverage notes that analysts have been raising earnings estimates for Seagate, supporting the case for further upside and underpinning valuation re-rating. Earnings Estimates Moving Higher for Seagate (STX): Time to Buy?
• Positive Sentiment: Management visibility: Seagate confirmed presentations at JP Morgan and TD Cowen conferences later this month — a chance to reinforce guidance and engage institutional investors. Seagate to Participate in Upcoming Investor Events
• Neutral Sentiment: Momentum lists & rankings: Multiple Zacks/Yahoo pieces include STX on “best momentum” or Zacks Rank #1 lists, which can drive interest from model-following funds but are less directly tied to fundamentals. Best Momentum Stock to Buy for May 4th
• Neutral Sentiment: Long-term performance story: Feature pieces on Yahoo show exceptional multi-year returns for Seagate, reinforcing the narrative for long-term investors but offering limited incremental near-term catalyst. Here’s How Much a $1000 Investment in Seagate Made 10 Years Ago Would Be Worth Today
• Negative Sentiment: Valuation caution: Jim Cramer commented that stocks like Seagate look “really overextended” to him, a sentiment that could encourage some profit-taking or caution among retail/institutional traders. Jim Cramer Says Stocks Like Seagate “Are Really Overextended” For Him

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on STX shares. Robert W. Baird lifted their price objective on Seagate Technology from $270.00 to $505.00 and gave the company an “outperform” rating in a research note on Thursday, January 29th. UBS Group raised their price target on Seagate Technology from $515.00 to $545.00 and gave the company a “neutral” rating in a report on Wednesday, April 29th. Susquehanna lifted their price target on Seagate Technology from $485.00 to $615.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 29th. Wedbush upped their price target on shares of Seagate Technology from $700.00 to $825.00 and gave the stock an “outperform” rating in a research note on Monday, April 27th. Finally, KeyCorp set a $500.00 price objective on shares of Seagate Technology in a research report on Wednesday, January 28th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $709.13.

Seagate Technology Stock Performance

STX stock opened at $771.01 on Wednesday. The stock’s 50 day simple moving average is $461.42 and its 200 day simple moving average is $361.93. The company has a current ratio of 1.33, a quick ratio of 0.85 and a debt-to-equity ratio of 3.16. Seagate Technology Holdings PLC has a 12-month low of $91.92 and a 12-month high of $792.01. The stock has a market capitalization of $172.88 billion, a PE ratio of 73.15 and a beta of 1.98.

Seagate Technology (NASDAQ:STX) last posted its earnings results on Tuesday, April 28th. The data storage provider reported $4.10 EPS for the quarter, topping analysts’ consensus estimates of $3.51 by $0.59. Seagate Technology had a return on equity of 1,005.65% and a net margin of 21.60%.The business had revenue of $3.11 billion during the quarter, compared to analyst estimates of $2.96 billion. During the same quarter last year, the company earned $1.90 EPS. The company’s quarterly revenue was up 44.1% compared to the same quarter last year. Seagate Technology has set its Q4 2026 guidance at 4.800-5.200 EPS. As a group, research analysts forecast that Seagate Technology Holdings PLC will post 14.1 earnings per share for the current fiscal year.

Seagate Technology Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 7th. Investors of record on Wednesday, June 24th will be issued a $0.74 dividend. This represents a $2.96 annualized dividend and a yield of 0.4%. The ex-dividend date is Wednesday, June 24th. Seagate Technology’s dividend payout ratio (DPR) is presently 28.08%.

Insider Transactions at Seagate Technology

In other news, EVP Kian Fatt Chong sold 5,846 shares of Seagate Technology stock in a transaction that occurred on Monday, February 23rd. The shares were sold at an average price of $416.48, for a total value of $2,434,742.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO William D. Mosley sold 24,584 shares of the business’s stock in a transaction that occurred on Thursday, March 19th. The shares were sold at an average price of $406.77, for a total transaction of $10,000,033.68. Following the transaction, the chief executive officer directly owned 375,591 shares of the company’s stock, valued at $152,779,151.07. The trade was a 6.14% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 70,430 shares of company stock valued at $28,544,576. 0.79% of the stock is owned by insiders.

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.