Connective Portfolio Management LLC Buys New Stake in Seagate Technology Holdings PLC $STX

Connective Portfolio Management LLC purchased a new position in shares of Seagate Technology Holdings PLC (NASDAQ:STX) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 2,800 shares of the data storage provider’s stock, valued at approximately $771,000. Seagate Technology accounts for approximately 1.4% of Connective Portfolio Management LLC’s investment portfolio, making the stock its 26th largest position.

Several other large investors have also recently added to or reduced their stakes in the stock. Sovereign Financial Group Inc. lifted its stake in shares of Seagate Technology by 3.2% during the fourth quarter. Sovereign Financial Group Inc. now owns 1,063 shares of the data storage provider’s stock worth $293,000 after purchasing an additional 33 shares in the last quarter. West Family Investments Inc. grew its stake in shares of Seagate Technology by 2.7% in the third quarter. West Family Investments Inc. now owns 1,428 shares of the data storage provider’s stock valued at $337,000 after buying an additional 37 shares in the last quarter. United Community Bank grew its stake in shares of Seagate Technology by 35.2% in the third quarter. United Community Bank now owns 169 shares of the data storage provider’s stock valued at $40,000 after buying an additional 44 shares in the last quarter. Physician Wealth Advisors Inc. raised its holdings in shares of Seagate Technology by 43.7% during the 3rd quarter. Physician Wealth Advisors Inc. now owns 148 shares of the data storage provider’s stock valued at $35,000 after buying an additional 45 shares during the period. Finally, Sivia Capital Partners LLC raised its holdings in shares of Seagate Technology by 2.6% during the 3rd quarter. Sivia Capital Partners LLC now owns 1,865 shares of the data storage provider’s stock valued at $440,000 after buying an additional 47 shares during the period. 92.87% of the stock is currently owned by institutional investors and hedge funds.

Seagate Technology Stock Down 2.8%

NASDAQ:STX opened at $413.22 on Thursday. The company has a debt-to-equity ratio of 7.63, a quick ratio of 0.72 and a current ratio of 1.12. The company has a market capitalization of $90.11 billion, a price-to-earnings ratio of 46.74, a price-to-earnings-growth ratio of 0.95 and a beta of 1.61. Seagate Technology Holdings PLC has a one year low of $63.19 and a one year high of $459.84. The stock has a 50-day simple moving average of $395.15 and a 200 day simple moving average of $304.77.

Seagate Technology (NASDAQ:STX) last released its earnings results on Tuesday, January 27th. The data storage provider reported $3.11 EPS for the quarter, topping analysts’ consensus estimates of $2.77 by $0.34. Seagate Technology had a negative return on equity of 936.38% and a net margin of 19.59%.The company had revenue of $2.83 billion for the quarter, compared to the consensus estimate of $2.73 billion. During the same quarter last year, the business posted $2.03 EPS. Seagate Technology’s quarterly revenue was up 21.5% compared to the same quarter last year. Seagate Technology has set its Q3 2026 guidance at 3.200-3.600 EPS. Sell-side analysts predict that Seagate Technology Holdings PLC will post 6.83 EPS for the current fiscal year.

Seagate Technology Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 8th. Shareholders of record on Wednesday, March 25th will be paid a dividend of $0.74 per share. The ex-dividend date is Wednesday, March 25th. This represents a $2.96 annualized dividend and a yield of 0.7%. Seagate Technology’s payout ratio is presently 33.48%.

Seagate Technology News Summary

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

• Positive Sentiment: Analyst upgrades and higher price targets. Multiple firms have raised targets and ratings this quarter, and MarketBeat notes Seagate among the most-upgraded names — supporting longer-term bullish sentiment and providing upside thesis for investors. Read More.
• Positive Sentiment: Memory/storage demand from AI/data centers remains a tailwind. Bloomberg coverage highlighted memory and storage names (including Seagate) as Wall Street favorites as AI spending drives outsized demand for data-center storage — a key fundamental driver for revenue and margins. Read More.
• Positive Sentiment: Dividend declaration/ex‑dividend date: Seagate recently declared a quarterly dividend (record/ex-dividend timing noted in filings), which supports income-focused buyers and can stabilize demand at current price levels. (See company filings summarized in recent coverage.)
• Neutral Sentiment: Very high implied volatility (IV Rank ~80%) — creates trading opportunities but also larger short-term price swings; options strategies like iron condors are being highlighted as possible ways to generate returns if volatility calms. Read More.
• Neutral Sentiment: Valuation/momentum checks: recent strong multi-month returns have prompted fresh valuation analysis — some see continued upside, others warn of re‑rating risk if growth expectations slip. Useful context for investors weighing longer-term buys vs. near-term profit-taking. Read More.
• Neutral Sentiment: Ideas about intrinsic value: broader market write-ups have included Seagate as a candidate for potential undervaluation in a pullback — relevant for value-minded investors doing discounted cash‑flow or relative valuation work. Read More.
• Neutral Sentiment: Short-interest reports are inconsistent/appear to show zero in recent feeds — the data looks unreliable across sources, so don’t rely on those prints until confirmed by the exchange’s official release.
• Negative Sentiment: Insider selling: CEO William Mosley sold ~24,584 shares (~$10M) in mid‑March. Insider sales can trigger short-term selling pressure and are being cited by traders as a reason for pullback. Read More.

Insider Activity

In other Seagate Technology news, EVP Kian Fatt Chong sold 5,846 shares of the stock in a transaction on Monday, February 23rd. The shares were sold at an average price of $416.48, for a total transaction of $2,434,742.08. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO William D. Mosley sold 24,584 shares of the firm’s stock in a transaction dated Thursday, March 19th. The stock was sold at an average price of $406.77, for a total transaction of $10,000,033.68. Following the completion of the transaction, the chief executive officer owned 375,591 shares in the company, valued at approximately $152,779,151.07. The trade was a 6.14% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 113,635 shares of company stock valued at $44,430,443 over the last quarter. 0.79% of the stock is owned by company insiders.

Analyst Ratings Changes

STX has been the subject of a number of analyst reports. Susquehanna upgraded Seagate Technology from a “negative” rating to a “neutral” rating and upped their price target for the stock from $150.00 to $280.00 in a report on Friday, January 16th. The Goldman Sachs Group boosted their target price on shares of Seagate Technology from $310.00 to $385.00 and gave the stock a “buy” rating in a research report on Wednesday, January 28th. Wells Fargo & Company upped their target price on shares of Seagate Technology from $360.00 to $450.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 28th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Seagate Technology in a report on Monday, December 29th. Finally, Loop Capital lifted their price target on shares of Seagate Technology from $465.00 to $700.00 and gave the stock a “buy” rating in a research note on Monday, February 9th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, Seagate Technology currently has a consensus rating of “Moderate Buy” and an average price target of $447.35.

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.