Saudi Central Bank Acquires 7,248 Shares of Seagate Technology Holdings PLC $STX

Saudi Central Bank increased its holdings in Seagate Technology Holdings PLC (NASDAQ:STX) by 90.1% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 15,290 shares of the data storage provider’s stock after purchasing an additional 7,248 shares during the quarter. Saudi Central Bank’s holdings in Seagate Technology were worth $14,755,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the business. Retirement Wealth Solutions LLC increased its holdings in shares of Seagate Technology by 70.6% in the second quarter. Retirement Wealth Solutions LLC now owns 29 shares of the data storage provider’s stock worth $28,000 after buying an additional 12 shares during the period. Jones Financial Companies Lllp purchased a new stake in Seagate Technology during the 2nd quarter valued at about $39,000. Trust Co. of Vermont purchased a new stake in Seagate Technology during the 2nd quarter valued at about $54,000. Triumph Capital Management grew its position in Seagate Technology by 93.5% during the 2nd quarter. Triumph Capital Management now owns 60 shares of the data storage provider’s stock worth $58,000 after acquiring an additional 29 shares during the last quarter. Finally, Annis Gardner Whiting Capital Advisors LLC grew its position in Seagate Technology by 23.1% during the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 80 shares of the data storage provider’s stock worth $31,000 after acquiring an additional 15 shares during the last quarter. 92.87% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on STX shares. Wedbush boosted their price objective on Seagate Technology from $825.00 to $1,000.00 and gave the company an “outperform” rating in a research report on Wednesday, July 29th. Wells Fargo & Company upped their price target on shares of Seagate Technology from $1,100.00 to $1,180.00 and gave the company an “overweight” rating in a report on Wednesday, July 29th. Barclays increased their price target on shares of Seagate Technology from $1,000.00 to $1,250.00 and gave the company an “overweight” rating in a research report on Thursday, July 30th. Weiss Ratings reissued a “buy (b)” rating on shares of Seagate Technology in a report on Wednesday, June 24th. Finally, China Renaissance boosted their price objective on shares of Seagate Technology from $802.00 to $983.00 in a research report on Friday, June 12th. One analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, Seagate Technology currently has a consensus rating of “Moderate Buy” and an average target price of $986.00.

Seagate Technology Stock Performance

Shares of STX stock opened at $849.28 on Friday. The stock has a fifty day moving average of $851.92 and a 200 day moving average of $709.75. Seagate Technology Holdings PLC has a 52 week low of $183.02 and a 52 week high of $1,145.00. The firm has a market capitalization of $192.49 billion, a price-to-earnings ratio of 61.19 and a beta of 2.06. The company has a quick ratio of 1.17, a current ratio of 1.67 and a debt-to-equity ratio of 1.56.

Seagate Technology (NASDAQ:STX) last released its quarterly earnings results on Tuesday, July 28th. The data storage provider reported $5.71 earnings per share for the quarter, beating the consensus estimate of $5.10 by $0.61. The business had revenue of $3.63 billion for the quarter, compared to analysts’ expectations of $3.50 billion. Seagate Technology had a net margin of 26.11% and a return on equity of 369.98%. The firm’s revenue for the quarter was up 48.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.59 earnings per share. Seagate Technology has set its Q1 2027 guidance at 7.100-7.500 EPS. As a group, research analysts expect that Seagate Technology Holdings PLC will post 35.7 earnings per share for the current year.

Seagate Technology Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 7th. Stockholders of record on Thursday, September 24th will be paid a dividend of $0.74 per share. The ex-dividend date of this dividend is Thursday, September 24th. This represents a $2.96 dividend on an annualized basis and a dividend yield of 0.3%. Seagate Technology’s payout ratio is presently 21.33%.

Key Seagate Technology News

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

• Positive Sentiment: A rally that began in NAND memory broadened across the storage complex, with Seagate benefiting alongside SK Hynix and other memory-linked companies. The strength suggests investors are increasing exposure to companies positioned to supply AI data centers and expanding storage capacity. SK Hynix Surges 7% as Memory Bid Widens Beyond NAND; Seagate Rallies 5%
• Positive Sentiment: The broader AI trade remained a leading market theme, supporting semiconductor and storage shares. Seagate’s recent results reinforce the bullish case: quarterly revenue rose 48.5% year over year to $3.63 billion, while EPS of $5.71 exceeded estimates and management guided to $7.10–$7.50 in fiscal first-quarter 2027 EPS. Memory, Other AI-Related Stocks Lead the Market’s Top Performers Friday
• Neutral Sentiment: Director Yolanda Lee Conyers sold 750 shares for approximately $611,000, but the transaction was executed under a pre-arranged Rule 10b5-1 plan. The sale is therefore a limited signal of changing insider sentiment.
• Negative Sentiment: CEO William Mosley separately sold 30,000 shares valued at approximately $24.5 million under a 10b5-1 plan. Although he retained a substantial stake, the sizable insider sale may weigh modestly on sentiment, particularly after STX’s strong run and elevated valuation.

Insider Activity

In related news, EVP James Lee sold 9,013 shares of the business’s stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $794.84, for a total transaction of $7,163,892.92. Following the transaction, the executive vice president owned 347 shares in the company, valued at $275,809.48. The trade was a 96.29% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Yolanda Conyers sold 750 shares of the stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of $815.11, for a total transaction of $611,332.50. Following the completion of the transaction, the director directly owned 3,351 shares of the company’s stock, valued at approximately $2,731,433.61. The trade was a 18.29% decrease in their ownership of the stock. 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. In the last three months, insiders have sold 191,765 shares of company stock worth $161,865,249. 0.79% of the stock is owned by company 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.