Sumitomo Mitsui Trust Group Inc. Buys 3,538 Shares of Seagate Technology Holdings PLC $STX

Sumitomo Mitsui Trust Group Inc. lifted its stake in Seagate Technology Holdings PLC (NASDAQ:STX) by 0.7% in the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 522,344 shares of the data storage provider’s stock after purchasing an additional 3,538 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in Seagate Technology were worth $204,633,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the stock. Salomon & Ludwin LLC boosted its stake in Seagate Technology by 124.4% during the fourth quarter. Salomon & Ludwin LLC now owns 92 shares of the data storage provider’s stock worth $27,000 after buying an additional 51 shares during the period. Rakuten Securities Inc. raised its stake in shares of Seagate Technology by 884.2% in the second quarter. Rakuten Securities Inc. now owns 187 shares of the data storage provider’s stock valued at $27,000 after acquiring an additional 168 shares during the period. Armstrong Advisory Group Inc. bought a new stake in shares of Seagate Technology in the 4th quarter worth about $28,000. Avion Wealth lifted its holdings in shares of Seagate Technology by 343.5% in the 4th quarter. Avion Wealth now owns 102 shares of the data storage provider’s stock worth $28,000 after acquiring an additional 79 shares during the last quarter. Finally, Concord Wealth Partners purchased a new position in shares of Seagate Technology during the 4th quarter worth about $28,000. Institutional investors own 92.87% of the company’s stock.

Insider Activity at Seagate Technology

In other Seagate Technology news, CFO Gianluca Romano sold 22,488 shares of the firm’s 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 completion of the transaction, the chief financial officer owned 42,847 shares of the company’s stock, valued at approximately $33,173,004.34. This trade represents a 34.42% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible 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 value of $22,538,700.00. Following the completion of the transaction, the chief executive officer owned 339,591 shares of the company’s stock, valued at $255,131,322.39. This trade represents a 8.12% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 151,069 shares of company stock worth $126,191,753. 0.79% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Fox Advisors downgraded shares of Seagate Technology from an “overweight” rating to an “equal weight” rating in a report on Monday, June 22nd. Argus boosted their target price on Seagate Technology from $450.00 to $750.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. Evercore upped their target price on Seagate Technology from $750.00 to $1,000.00 and gave the company an “outperform” rating in a research note on Tuesday, May 12th. The Goldman Sachs Group increased their target price on Seagate Technology from $385.00 to $700.00 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. Finally, Melius Research began coverage on shares of Seagate Technology in a research note on Monday, June 29th. They set a “buy” rating and a $1,600.00 price target for the company. Twenty-one investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $886.92.

More Seagate Technology News

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

• Positive Sentiment: Seagate and other storage names are rebounding after a sector selloff as investors refocus on AI-driven data center spending and storage demand. Seagate (STX) Stock Rebounds As AI Data Center Demand Lifts Storage Names
• Positive Sentiment: Analysts raised Seagate’s fair value estimate to $959.48 per share from $847.68, citing tighter HDD supply, AI storage demand, and pricing power from contract renewals. Seagate (STX) Stock Fair Value Rises After AI Storage Driven Analyst Target Increases
• Positive Sentiment: Recent market commentary says Seagate’s sharp run may not be over, with AI infrastructure demand and hyperscaler storage needs continuing to support the stock’s long-term story. Seagate’s 485% Run Isn’t Over and Our Target Proves It
• Neutral Sentiment: Susquehanna raised its price target to $775 from $615 but kept a neutral rating, suggesting the stock may already reflect some of the good news. Seagate Technology had its price target raised by Susquehanna from $615.00 to $775.00.
• Neutral Sentiment: Additional coverage and momentum-screen mentions from Zacks and other outlets reinforce that STX remains a favored AI/storage trade, though these are more supportive than catalyst-driven. AI Storage Tailwinds Lift STX Shares 506% in a Year: More Upside Left?

Seagate Technology Price Performance

STX opened at $890.09 on Friday. The business’s 50-day moving average is $875.26 and its two-hundred day moving average is $568.33. The company has a debt-to-equity ratio of 3.16, a current ratio of 1.33 and a quick ratio of 0.85. Seagate Technology Holdings PLC has a 1 year low of $138.30 and a 1 year high of $1,145.00. The firm has a market capitalization of $199.58 billion, a PE ratio of 84.45 and a beta of 2.04.

Seagate Technology (NASDAQ:STX) last posted its quarterly earnings data on Tuesday, April 28th. The data storage provider reported $4.10 EPS for the quarter, topping the consensus estimate of $3.51 by $0.59. The firm had revenue of $3.11 billion during the quarter, compared to analyst estimates of $2.96 billion. Seagate Technology had a net margin of 21.60% and a return on equity of 1,005.65%. Seagate Technology’s revenue was up 44.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.90 EPS. Seagate Technology has set its Q4 2026 guidance at 4.800-5.200 EPS. Research analysts anticipate that Seagate Technology Holdings PLC will post 14.14 earnings per share for the current fiscal year.

Seagate Technology Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 7th. Stockholders of record on Wednesday, June 24th were issued a dividend of $0.74 per share. The ex-dividend date was Wednesday, June 24th. This represents a $2.96 annualized dividend and a dividend yield of 0.3%. Seagate Technology’s dividend payout ratio is 28.08%.

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.