USS Investment Management Ltd Buys 1,675 Shares of Seagate Technology Holdings PLC $STX

USS Investment Management Ltd raised its stake in Seagate Technology Holdings PLC (NASDAQ:STX) by 4.1% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 42,928 shares of the data storage provider’s stock after purchasing an additional 1,675 shares during the period. USS Investment Management Ltd’s holdings in Seagate Technology were worth $16,810,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of the company. State Street Corp boosted its holdings in shares of Seagate Technology by 1.0% in the 4th quarter. State Street Corp now owns 9,370,805 shares of the data storage provider’s stock valued at $2,587,535,000 after buying an additional 94,527 shares in the last quarter. Morgan Stanley raised its stake in shares of Seagate Technology by 5.1% during the 4th quarter. Morgan Stanley now owns 5,317,516 shares of the data storage provider’s stock worth $1,464,391,000 after acquiring an additional 258,151 shares in the last quarter. Geode Capital Management LLC lifted its position in Seagate Technology by 5.0% during the fourth quarter. Geode Capital Management LLC now owns 4,896,815 shares of the data storage provider’s stock valued at $1,343,683,000 after acquiring an additional 234,436 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its position in Seagate Technology by 8.3% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,193,063 shares of the data storage provider’s stock valued at $879,338,000 after acquiring an additional 243,551 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its stake in Seagate Technology by 1,510.1% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 2,008,516 shares of the data storage provider’s stock valued at $553,125,000 after acquiring an additional 1,883,769 shares in the last quarter. 92.87% of the stock is owned by hedge funds and other institutional investors.

Seagate Technology News Summary

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

• Positive Sentiment: Bank of America raised its price target on Seagate to $1,150 from $1,000 and reiterated a Buy rating, signaling confidence in further upside tied to AI storage demand and strong data-center fundamentals. Benzinga
• Positive Sentiment: Recent articles highlight Seagate as a strong momentum and long-term growth name, with investors still focused on its AI-driven storage tailwind, HAMR wins, and serial earnings beats. Zacks
• Positive Sentiment: Broader industry coverage remains favorable for storage suppliers as AI infrastructure spending and rising data-center demand keep pricing power and revenue growth in focus. 24/7 Wall St.
• Neutral Sentiment: Seagate was also mentioned in a comparison piece versus Micron, with the debate centered on which AI storage play has more upside rather than any company-specific negative development. Zacks
• Neutral Sentiment: Despite the bullish backdrop, Zacks Research downgraded Seagate from Strong Buy to Hold, suggesting valuation may be stretching after the stock’s huge run. Zacks
• Neutral Sentiment: Seeking Alpha and other commentary noted that while the AI demand story remains intact, some of the stock’s future gains may already be reflected after its sharp year-to-date rally. Seeking Alpha

Analyst Ratings Changes

A number of brokerages have recently issued reports on STX. Bank of America upped their price target on Seagate Technology from $1,000.00 to $1,150.00 and gave the stock a “buy” rating in a research report on Wednesday. Zacks Research cut Seagate Technology from a “strong-buy” rating to a “hold” rating in a research report on Monday. Citigroup boosted their target price on Seagate Technology from $740.00 to $1,150.00 and gave the stock a “buy” rating in a research note on Tuesday, June 2nd. Fox Advisors lowered Seagate Technology from an “overweight” rating to an “equal weight” rating in a research report on Monday, June 22nd. Finally, Wedbush increased their price target on Seagate Technology from $700.00 to $825.00 and gave the company an “outperform” rating in a research note on Monday, April 27th. Twenty-one research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Seagate Technology has a consensus rating of “Moderate Buy” and an average target price of $880.52.

Seagate Technology Stock Down 5.2%

Seagate Technology stock opened at $915.19 on Thursday. The business’s 50-day simple moving average is $843.31 and its two-hundred day simple moving average is $544.68. The company has a debt-to-equity ratio of 3.16, a quick ratio of 0.85 and a current ratio of 1.33. The company has a market cap of $205.21 billion, a PE ratio of 86.83 and a beta of 2.04. Seagate Technology Holdings PLC has a fifty-two week low of $138.30 and a fifty-two week high of $1,145.00.

Seagate Technology (NASDAQ:STX) last announced its quarterly earnings data on Tuesday, April 28th. The data storage provider reported $4.10 earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm had revenue of $3.11 billion during the quarter, compared to analysts’ expectations of $2.96 billion. During the same period last year, the business posted $1.90 earnings per share. The company’s revenue for the quarter 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. Equities analysts anticipate that Seagate Technology Holdings PLC will post 14.14 EPS for the current year.

Seagate Technology Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 7th. Shareholders of record on Wednesday, June 24th will be given a dividend of $0.74 per share. The ex-dividend date of this dividend is Wednesday, June 24th. This represents a $2.96 dividend on an annualized basis and a yield of 0.3%. Seagate Technology’s dividend payout ratio (DPR) is currently 28.08%.

Insider Buying and Selling at Seagate Technology

In other news, CFO Gianluca Romano sold 22,488 shares of the stock in a transaction on Wednesday, May 6th. The shares were sold at an average price of $774.22, for a total value of $17,410,659.36. Following the sale, the chief financial officer owned 42,847 shares in the company, valued at $33,173,004.34. This represents a 34.42% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO William D. Mosley sold 30,000 shares of the firm’s stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $751.29, for a total transaction of $22,538,700.00. Following the transaction, the chief executive officer directly owned 339,591 shares of the company’s stock, valued at approximately $255,131,322.39. This trade represents a 8.12% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 121,069 shares of company stock valued at $98,747,112. 0.79% of the stock is owned by corporate insiders.

Seagate Technology Company Profile

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.