2,219 Seagate Technology Holdings PLC $STX Shares Acquired by Knights of Columbus Asset Advisors LLC

Knights of Columbus Asset Advisors LLC raised its stake in shares of Seagate Technology Holdings PLC (NASDAQ:STX) by 413.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,756 shares of the data storage provider’s stock after purchasing an additional 2,219 shares during the quarter. Knights of Columbus Asset Advisors LLC’s holdings in Seagate Technology were worth $2,542,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Wellington Management Group LLP raised its position in shares of Seagate Technology by 2,655.9% during 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 in the last quarter. Janus Henderson Group PLC grew its position in Seagate Technology by 3,872.1% in the first quarter. Janus Henderson Group PLC now owns 967,528 shares of the data storage provider’s stock worth $378,985,000 after acquiring an additional 943,170 shares in the last quarter. Amundi grew its position in Seagate Technology by 32.2% in the first quarter. Amundi now owns 965,565 shares of the data storage provider’s stock worth $378,267,000 after acquiring an additional 235,359 shares in the last quarter. National Pension Service grew its position in Seagate Technology by 0.8% in the second quarter. National Pension Service now owns 834,705 shares of the data storage provider’s stock worth $805,490,000 after acquiring an additional 6,944 shares in the last quarter. Finally, Swiss National Bank increased its stake in Seagate Technology by 9.6% in the first quarter. Swiss National Bank now owns 639,400 shares of the data storage provider’s stock valued at $250,491,000 after acquiring an additional 55,900 shares during the last quarter. Hedge funds and other institutional investors own 92.87% of the company’s stock.

Key Seagate Technology News

Here’s some of the latest news about STX:

• Positive Sentiment: CoreWeave results eased AI-spending concerns. The cloud provider beat expectations and raised its 2026 guidance, prompting investors to reconsider fears that AI infrastructure investment—and demand for nearline storage—was slowing. The results helped revive interest in storage and memory stocks, including STX. Seagate Stocks Jump as CoreWeave Results Revive Nearline Storage Demand
• Positive Sentiment: Morgan Stanley sees substantial recovery potential. The bullish view points to Seagate’s strong sales growth despite a steep recent share-price pullback, suggesting the selloff may have outpaced concerns about the business outlook. This is an analyst thesis, not a guarantee of a rebound. Morgan Stanley sees rebound potential
• Neutral Sentiment: Durability of the AI-driven rebound remains uncertain. Recent gains follow a difficult stretch for storage stocks, and coverage notes that the outlook depends partly on how AI buildouts are financed and whether spending continues. Storage stocks and the revived AI trade

Seagate Technology Trading Up 10.0%

Shares of STX opened at $551.72 on Thursday. Seagate Technology Holdings PLC has a fifty-two week low of $228.61 and a fifty-two week high of $1,145.00. The firm has a market cap of $126.65 billion, a price-to-earnings ratio of 28.98 and a beta of 2.16. The firm has a 50 day moving average price of $751.28 and a 200-day moving average price of $696.43. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.25 and a current ratio of 1.82.

Seagate Technology (NASDAQ:STX) last released its earnings results on Tuesday, October 27th. The data storage provider reported $7.68 EPS for the quarter, beating the consensus estimate of $7.44 by $0.24. The company had revenue of $4.23 billion for the quarter, compared to analyst estimates of $4.15 billion. Seagate Technology had a net margin of 31.86% and a return on equity of 252.47%. The firm’s quarterly revenue was up 61.0% compared to the same quarter last year. During the same quarter last year, the firm earned $2.61 EPS. As a group, equities research analysts forecast that Seagate Technology Holdings PLC will post 37.96 earnings per share for the current year.

Seagate Technology Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 7th. Shareholders of record on Wednesday, December 23rd will be given a dividend of $0.76 per share. The ex-dividend date is Wednesday, December 23rd. This is a positive change from Seagate Technology’s previous quarterly dividend of $0.74. This represents a $3.04 annualized dividend and a yield of 0.6%. Seagate Technology’s dividend payout ratio (DPR) is currently 15.55%.

Insider Buying and Selling at Seagate Technology

In other news, EVP Ban Teh sold 52,730 shares of Seagate Technology stock in a transaction dated Tuesday, September 15th. The stock was sold at an average price of $782.08, for a total value of $41,239,078.40. Following the transaction, the executive vice president owned 5,810 shares in the company, valued at approximately $4,543,884.80. The trade was a 90.08% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP James Lee sold 547 shares of the business’s stock in a transaction dated Friday, October 23rd. The shares were sold at an average price of $642.14, for a total value of $351,250.58. Following the completion of the sale, the executive vice president directly owned 1,037 shares of the company’s stock, valued at approximately $665,899.18. This trade represents a 34.53% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 439,747 shares of company stock valued at $349,271,735. 0.51% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Zacks Research downgraded Seagate Technology from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 28th. JPMorgan Chase & Co. lifted their price target on Seagate Technology from $1,095.00 to $1,240.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 29th. Bank of America upped their price objective on Seagate Technology from $1,150.00 to $1,200.00 and gave the stock a “buy” rating in a report on Wednesday, October 21st. Rosenblatt Securities reduced their price objective on Seagate Technology from $1,400.00 to $1,100.00 and set a “buy” rating on the stock in a research report on Monday, October 26th. Finally, TD Cowen decreased their price objective on Seagate Technology from $1,000.00 to $900.00 and set a “buy” rating on the stock in a report on Wednesday, October 28th. Twenty-three research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,000.88.

About Seagate Technology

Seagate Technology develops and supplies data-storage products and solutions for businesses and consumers. Its portfolio includes hard disk drives (HDDs), solid-state drives, and storage systems designed for applications ranging from personal computing to large-scale data centers. The company’s products support cloud and enterprise storage, network-attached storage, video surveillance, gaming, and other uses that require digital data to be stored and accessed. Seagate also offers data-management and storage services through its Lyve platform.