Teacher Retirement System of Texas Boosts Stake in Seagate Technology Holdings PLC $STX

Teacher Retirement System of Texas lifted its holdings in shares of Seagate Technology Holdings PLC (NASDAQ:STX) by 7.2% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 34,471 shares of the data storage provider’s stock after purchasing an additional 2,328 shares during the quarter. Teacher Retirement System of Texas’ holdings in Seagate Technology were worth $8,137,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of the stock. Sivia Capital Partners LLC increased its position in shares of Seagate Technology by 2.6% in the 3rd quarter. Sivia Capital Partners LLC now owns 1,865 shares of the data storage provider’s stock valued at $440,000 after purchasing an additional 47 shares during the last quarter. Magnus Financial Group LLC lifted its stake in Seagate Technology by 2.9% during the third quarter. Magnus Financial Group LLC now owns 1,755 shares of the data storage provider’s stock worth $414,000 after purchasing an additional 49 shares during the last quarter. Lee Johnson Capital Management LLC increased its stake in Seagate Technology by 0.9% in the third quarter. Lee Johnson Capital Management LLC now owns 5,546 shares of the data storage provider’s stock valued at $1,309,000 after purchasing an additional 50 shares during the last quarter. Dynamic Advisor Solutions LLC raised its stake in Seagate Technology by 3.8% during the 3rd quarter. Dynamic Advisor Solutions LLC now owns 1,446 shares of the data storage provider’s stock worth $341,000 after acquiring an additional 53 shares in the last quarter. Finally, Cornerstone Wealth Group LLC boosted its holdings in shares of Seagate Technology by 1.7% in the third quarter. Cornerstone Wealth Group LLC now owns 3,510 shares of the data storage provider’s stock valued at $829,000 after acquiring an additional 57 shares during the period. 92.87% of the stock is currently owned by institutional investors and hedge funds.

Key Seagate Technology News

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

• Positive Sentiment: Wedbush raised its price target to $380 and kept an “outperform” rating, citing continued strength in AI/data-center HDD demand and pushing upside versus prior targets. Wedbush Raises Price Target on Seagate
• Positive Sentiment: Exane BNP Paribas upgraded STX to “strong-buy” (from hold), reinforcing bullish analyst momentum that has contributed to recent upside. Seagate Raised to Outperform at BNP Paribas Exane
• Positive Sentiment: Multiple broker notes (Rosenblatt, BofA, UBS) and an analyst-led upgrade pushed STX to a 12‑month high, signaling broad institutional conviction in near-term demand. Seagate Hits New 12-Month High After Analyst Upgrade
• Positive Sentiment: Macro narrative: investors are rotating into storage as AI models shift the bottleneck from compute to capacity—benefiting HDD makers like Seagate. This thematic move underpins rising multiples. Forget the Chips, Buy Memory
• Neutral Sentiment: Zacks previews Seagate’s Q2 (reporting Jan. 27), with consensus expecting ~16% revenue growth y/y driven by AI data-center demand and healthy margins—an upcoming catalyst but not a guaranteed beat. Seagate Stock Ahead of Q2 Earnings Release
• Neutral Sentiment: Technical/engineering progress: Seagate’s areal-density roadmap and HAMR/Mozaic drives keep cost-per-TB competitive for hyperscalers, supporting longer-term capacity demand. Seagate Elevates HDD Performance
• Neutral Sentiment: A recent take reassesses Seagate after a ~226% one‑year surge, useful context for investors but primarily descriptive rather than new fundamental news. Reassessing Seagate After Its 226% Surge
• Negative Sentiment: Critical view: Seeking Alpha warns STX now trades at ~29x forward P/E with nearline production committed through 2026, which could cap upside even as demand remains strong—raising valuation risk. Seagate: Outlandish Valuation
• Negative Sentiment: Analyst views are not unanimous—some coverage flagged in The Globe and Mail reflects mixed opinions, which can increase volatility as investors digest competing forecasts. Analysts’ Opinions Are Mixed

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on STX shares. Wedbush increased their target price on shares of Seagate Technology from $290.00 to $380.00 and gave the stock an “outperform” rating in a research note on Friday. UBS Group increased their price objective on Seagate Technology from $230.00 to $335.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 20th. Susquehanna raised Seagate Technology from a “negative” rating to a “neutral” rating and boosted their target price for the company from $150.00 to $280.00 in a report on Friday, January 16th. Evercore ISI boosted their target price on Seagate Technology from $160.00 to $330.00 and gave the company an “outperform” rating in a report on Monday, October 13th. Finally, BNP Paribas Exane upgraded Seagate Technology from a “neutral” rating to an “outperform” rating and set a $380.00 price target for the company in a research note on Wednesday, January 21st. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, Seagate Technology presently has a consensus rating of “Moderate Buy” and an average price target of $356.09.

Seagate Technology Stock Performance

Shares of STX stock opened at $346.10 on Monday. The stock has a fifty day moving average price of $289.16 and a 200 day moving average price of $230.60. The stock has a market cap of $73.91 billion, a PE ratio of 44.43, a P/E/G ratio of 1.04 and a beta of 1.60. Seagate Technology Holdings PLC has a 1 year low of $63.19 and a 1 year high of $350.05.

Seagate Technology Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 9th. Stockholders of record on Wednesday, December 24th were paid a dividend of $0.74 per share. This is a boost from Seagate Technology’s previous quarterly dividend of $0.72. The ex-dividend date of this dividend was Wednesday, December 24th. This represents a $2.96 annualized dividend and a dividend yield of 0.9%. Seagate Technology’s dividend payout ratio is presently 38.00%.

Insiders Place Their Bets

In related news, EVP Ban Seng Teh sold 1,412 shares of the stock in a transaction dated Monday, January 12th. The shares were sold at an average price of $299.31, for a total value of $422,625.72. Following the sale, the executive vice president directly owned 13,693 shares of the company’s stock, valued at approximately $4,098,451.83. This represents a 9.35% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO William D. Mosley sold 20,000 shares of Seagate Technology stock in a transaction dated Friday, January 2nd. The stock was sold at an average price of $285.56, for a total transaction of $5,711,200.00. Following the transaction, the chief executive officer owned 429,895 shares of the company’s stock, valued at approximately $122,760,816.20. The trade was a 4.45% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 132,557 shares of company stock worth $36,847,793. 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.