Seagate Technology Holdings PLC $STX Shares Bought by New Mexico Educational Retirement Board

New Mexico Educational Retirement Board lifted its position in shares of Seagate Technology Holdings PLC (NASDAQ:STX) by 9.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,850 shares of the data storage provider’s stock after purchasing an additional 900 shares during the quarter. New Mexico Educational Retirement Board’s holdings in Seagate Technology were worth $10,470,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the company. State Street Corp lifted its holdings in Seagate Technology by 1.0% during the fourth quarter. State Street Corp now owns 9,370,805 shares of the data storage provider’s stock valued at $2,587,535,000 after purchasing an additional 94,527 shares in the last quarter. Morgan Stanley boosted its holdings 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 purchasing an additional 258,151 shares during the last quarter. Geode Capital Management LLC grew its holdings in Seagate Technology by 5.0% in the 4th 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 buying an additional 234,436 shares in the last quarter. Arrowstreet Capital Limited Partnership increased 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 worth $879,338,000 after purchasing an additional 243,551 shares during the last quarter. Finally, Wellington Management Group LLP grew its stake in shares of Seagate Technology by 2,655.9% in the 2nd quarter. Wellington Management Group LLP now owns 2,414,136 shares of the data storage provider’s stock valued at $2,329,641,000 after buying an additional 2,326,538 shares during the period. Institutional investors and hedge funds own 92.87% of the company’s stock.

Seagate Technology Price Performance

STX stock opened at $829.76 on Friday. The company has a debt-to-equity ratio of 1.56, a current ratio of 1.67 and a quick ratio of 1.17. The firm has a market capitalization of $188.07 billion, a P/E ratio of 59.78 and a beta of 2.06. The business’s 50-day moving average is $870.89 and its two-hundred day moving average is $695.65. Seagate Technology Holdings PLC has a 1 year low of $163.86 and a 1 year high of $1,145.00.

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

Seagate Technology Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 7th. Shareholders of record on Thursday, September 24th will be given a dividend of $0.74 per share. The ex-dividend date is Thursday, September 24th. This represents a $2.96 dividend on an annualized basis and a yield of 0.4%. Seagate Technology’s dividend payout ratio is presently 21.33%.

Seagate Technology News Roundup

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

• Positive Sentiment: One bullish analysis argues that the pullback creates an attractive entry point, with strong hyperscaler demand, increasing adoption of Seagate’s heat-assisted magnetic recording (HAMR) technology and improving margins supporting continued earnings growth. The article estimates as much as 36% potential upside. Seagate buy-the-dip analysis
• Positive Sentiment: NVIDIA’s strong quarterly results and continuing AI infrastructure spending were cited as potential catalysts for storage companies, including STX. Rising data-center workloads could increase demand for Seagate’s high-capacity hard drives. Zacks storage stocks analysis
• Positive Sentiment: Seagate accepted Change Agents Corporation into its partner program, expanding access to its AI infrastructure ecosystem. The announcement is strategically supportive, although the immediate financial contribution is not disclosed. Seagate Partner Program announcement
• Neutral Sentiment: Management’s upcoming investor appearances, including The Six Five Summit: AI Unleashed 2026, could provide additional details on AI-related products, partnerships and demand, but no new financial guidance was announced. Six Five Summit presentation
• Negative Sentiment: A more cautious Seeking Alpha view says it is not yet time to be aggressive, warning that consolidation may continue after STX’s major run-up. The stock’s elevated valuation and high volatility leave it vulnerable to profit-taking if growth expectations moderate. Seagate consolidation analysis
• Negative Sentiment: Executive James Ci Lee sold 9,013 shares worth approximately $7.16 million, reducing his direct position by more than 96%. The sale occurred under a pre-arranged Rule 10b5-1 plan, which limits its value as a discretionary bearish signal but may still weigh on sentiment. SEC insider sale filing

Insider Buying and Selling

In other news, CEO William D. Mosley sold 20,657 shares of the firm’s stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $910.48, for a total value of $18,807,785.36. Following the completion of the sale, the chief executive officer directly owned 320,860 shares of the company’s stock, valued at $292,136,612.80. This trade represents a 6.05% decrease in their position. The transaction 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, EVP Ban Seng Teh sold 9,862 shares of the firm’s stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $852.97, for a total transaction of $8,411,990.14. Following the completion of the sale, the executive vice president owned 5,210 shares of the company’s stock, valued at $4,443,973.70. This trade represents a 65.43% 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. Insiders sold 193,765 shares of company stock valued at $166,634,842 over the last ninety days. Corporate insiders own 0.79% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. Sanford C. Bernstein reiterated an “outperform” rating and set a $1,350.00 price target on shares of Seagate Technology in a research report on Wednesday, July 29th. Cantor Fitzgerald restated an “overweight” rating and issued a $1,300.00 price objective on shares of Seagate Technology in a report on Wednesday, July 29th. TD Cowen upped their target price on shares of Seagate Technology from $850.00 to $1,000.00 and gave the stock a “buy” rating in a research note on Wednesday, July 29th. China Renaissance increased their target price on shares of Seagate Technology from $802.00 to $983.00 in a report on Friday, June 12th. Finally, Argus raised their price target on shares of Seagate Technology from $750.00 to $900.00 and gave the company a “buy” rating in a research report on Thursday, July 30th. One research 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 company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $986.00.

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.