Sumitomo Mitsui DS Asset Management Company Ltd Has $14.19 Million Position in Seagate Technology Holdings PLC $STX

Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in shares of Seagate Technology Holdings PLC (NASDAQ:STX) by 9.8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 51,532 shares of the data storage provider’s stock after purchasing an additional 4,598 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Seagate Technology were worth $14,191,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Salomon & Ludwin LLC boosted its position in Seagate Technology by 124.4% during the fourth quarter. Salomon & Ludwin LLC now owns 92 shares of the data storage provider’s stock valued at $27,000 after purchasing an additional 51 shares during the last quarter. Armstrong Advisory Group Inc. acquired a new position in Seagate Technology during the fourth quarter valued at approximately $28,000. Concord Wealth Partners acquired a new position in Seagate Technology during the fourth quarter valued at approximately $28,000. Avion Wealth boosted its position in Seagate Technology by 343.5% during the fourth quarter. Avion Wealth now owns 102 shares of the data storage provider’s stock valued at $28,000 after purchasing an additional 79 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new position in Seagate Technology during the fourth quarter valued at approximately $37,000. 92.87% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. Bank of America increased their price target on Seagate Technology from $700.00 to $840.00 and gave the company a “buy” rating in a research report on Monday, April 27th. Cantor Fitzgerald increased their price target on Seagate Technology from $700.00 to $1,000.00 and gave the company an “overweight” rating in a research report on Wednesday, April 29th. Wall Street Zen raised Seagate Technology from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. Barclays increased their price target on Seagate Technology from $625.00 to $750.00 and gave the company an “overweight” rating in a research report on Wednesday, April 29th. Finally, Robert W. Baird increased their price target on Seagate Technology from $270.00 to $505.00 and gave the company an “outperform” rating in a research report on Thursday, January 29th. One investment analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $709.13.

Seagate Technology Stock Performance

STX opened at $786.42 on Thursday. Seagate Technology Holdings PLC has a 12-month low of $93.32 and a 12-month high of $792.01. The stock has a market cap of $176.34 billion, a price-to-earnings ratio of 74.61 and a beta of 1.98. The business has a 50 day moving average of $469.01 and a 200-day moving average of $365.87. The company has a quick ratio of 0.85, a current ratio of 1.33 and a debt-to-equity ratio of 3.16.

Seagate Technology (NASDAQ:STX) last released its quarterly earnings data on Tuesday, April 28th. The data storage provider reported $4.10 earnings per share (EPS) for the quarter, beating 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 company had revenue of $3.11 billion during the quarter, compared to analysts’ expectations of $2.96 billion. During the same period last year, the firm posted $1.90 earnings per share. The business’s revenue was up 44.1% on a year-over-year basis. Seagate Technology has set its Q4 2026 guidance at 4.800-5.200 EPS. On average, equities research analysts expect that Seagate Technology Holdings PLC will post 14.1 earnings per share for the current year.

Seagate Technology Announces Dividend

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

Insider Buying and Selling

In other news, Director Stephanie Tilenius sold 1,580 shares of the stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $766.61, for a total transaction of $1,211,243.80. Following the transaction, the director owned 10,664 shares in the company, valued at approximately $8,175,129.04. This trade represents a 12.90% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO William D. Mosley sold 20,000 shares of the stock in a transaction that occurred on Wednesday, April 1st. The stock was sold at an average price of $420.73, for a total value of $8,414,600.00. Following the transaction, the chief executive officer owned 355,591 shares in the company, valued at approximately $149,607,801.43. This trade represents a 5.32% 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 90 days, insiders sold 78,333 shares of company stock valued at $34,426,485. Insiders own 0.79% of the company’s stock.

More Seagate Technology News

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

• Positive Sentiment: Seagate launched an AI‑focused storage suite (consumer and professional lines, up to 256TB, Thunderbolt 5 support) aimed at creators, gamers and AI workflows — a product update that can support higher ASPs and reinforce Seagate’s AI growth story. Seagate’s New AI Storage Suite Meets Rapidly Rising STX Valuation
• Positive Sentiment: Media and analyst pieces are framing STX as a momentum/AI beneficiary, helping investor sentiment and validating Seagate’s premium re‑rating. Seagate Stock’s Rally Is No Accident: 3 Reasons Wall Street Is Optimistic
• Positive Sentiment: Zacks published a momentum‑oriented bullish piece on STX, which can attract momentum traders and retail flows. Seagate (STX) is a Great Momentum Stock: Should You Buy?
• Positive Sentiment: Broader market risk appetite is improving as the VIX drifts lower, which typically supports tech and cyclical names like Seagate. CBOE VIX Slides Toward 17 as Oil Retreat and Tech Stock Surge Restore Risk Appetite
• Neutral Sentiment: Long‑time Lead Independent Director Mike Cannon announced he will retire at the end of his term in Oct‑2026 — a governance change but expected and orderly given his tenure. Seagate Announces the Retirement of Michael R. Cannon, Lead Independent Director
• Neutral Sentiment: A broader fintech/AI narrative piece referenced top AI performers; its inclusion underscores investor focus on AI exposure but impact on STX is indirect. The Best‑Performing AI Stock Nobody Is Talking About Has Outrun Nvidia by a Mile
• Negative Sentiment: EVP James Ci Lee sold 697 shares at an average $741.17 under a pre‑arranged Rule 10b5‑1 plan (filed with the SEC); while routine, insider selling can be viewed negatively by some investors. SEC Filing – James Ci Lee Form 4
• Negative Sentiment: EVP John Christopher Morris sold 5,626 shares at ~$738.37 under a Rule 10b5‑1 plan (SEC filing); a sizeable cash‑out that may catch investor attention. SEC Filing – John Christopher Morris Form 4
• Negative Sentiment: Director Stephanie Tilenius sold 1,580 shares at ~$766.61; while disclosed, multiple recent insider sales collectively add short‑term headline risk. SEC Filing – Stephanie Tilenius Form 4

Seagate Technology 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.