Alberta Investment Management Corp Sells 5,200 Shares of Seagate Technology Holdings PLC $STX

Alberta Investment Management Corp lowered its holdings in Seagate Technology Holdings PLC (NASDAQ:STX) by 21.3% during the fourth quarter, Holdings Channel.com reports. The firm owned 19,200 shares of the data storage provider’s stock after selling 5,200 shares during the period. Alberta Investment Management Corp’s holdings in Seagate Technology were worth $5,287,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in STX. University of Texas Texas AM Investment Management Co. acquired a new stake in shares of Seagate Technology during the 4th quarter worth approximately $37,000. Towarzystwo Funduszy Inwestycyjnych PZU SA lifted its holdings in Seagate Technology by 19.4% in the fourth quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 430 shares of the data storage provider’s stock valued at $118,000 after buying an additional 70 shares during the period. Vanguard Personalized Indexing Management LLC boosted its stake in Seagate Technology by 3.4% in the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 38,577 shares of the data storage provider’s stock valued at $10,624,000 after acquiring an additional 1,253 shares during the last quarter. Panagora Asset Management Inc. acquired a new stake in Seagate Technology during the 4th quarter worth $5,032,000. Finally, MML Investors Services LLC raised its position in shares of Seagate Technology by 37.6% during the 4th quarter. MML Investors Services LLC now owns 37,781 shares of the data storage provider’s stock valued at $10,405,000 after acquiring an additional 10,333 shares during the last quarter. Institutional investors own 92.87% of the company’s stock.

Seagate Technology Stock Performance

Shares of Seagate Technology stock opened at $1,031.34 on Wednesday. The stock’s fifty day simple moving average is $733.37 and its 200 day simple moving average is $488.05. The company has a current ratio of 1.33, a quick ratio of 0.85 and a debt-to-equity ratio of 3.16. The company has a market capitalization of $231.26 billion, a PE ratio of 97.85 and a beta of 2.04. Seagate Technology Holdings PLC has a 12 month low of $130.00 and a 12 month high of $1,097.00.

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

Seagate Technology Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 7th. Investors of record on Wednesday, June 24th will be paid a $0.74 dividend. The ex-dividend date of this dividend is Wednesday, June 24th. This represents a $2.96 dividend on an annualized basis and a yield of 0.3%. Seagate Technology’s dividend payout ratio is presently 28.08%.

Insider Transactions at Seagate Technology

In other Seagate Technology news, EVP Ban Seng Teh sold 8,003 shares of Seagate Technology stock in a transaction dated Thursday, May 14th. The stock was sold at an average price of $817.28, for a total value of $6,540,691.84. Following the sale, the executive vice president owned 3,691 shares of the company’s stock, valued at $3,016,580.48. This trade represents a 68.44% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Gianluca Romano sold 22,488 shares of the business’s stock in a transaction dated 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 sale, the chief financial officer owned 42,847 shares in the company, valued at approximately $33,173,004.34. This trade represents a 34.42% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 165,653 shares of company stock worth $117,161,746 in the last 90 days. Company insiders own 0.79% of the company’s stock.

Key Stories Impacting Seagate Technology

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

• Positive Sentiment: Morgan Stanley raised its price target on Seagate Technology (STX) to $1,035 and reiterated an Overweight rating, citing stronger HDD pricing and prolonged supply shortages. Benzinga reference
• Positive Sentiment: Investor enthusiasm remains high for AI-driven storage demand, with Seagate viewed as a major beneficiary of data-center spending and tightening memory supply. Yahoo Finance reference
• Positive Sentiment: Broader gains in tech and memory stocks, plus reduced geopolitical stress after the U.S.-Iran ceasefire, have improved sentiment for Seagate and its peers. Yahoo Finance reference
• Neutral Sentiment: Several Seagate executives disclosed insider sales, including the CEO and CFO, but the transactions were relatively routine and some were made under Rule 10b5-1 plans.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Evercore increased their price target 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. Loop Capital upped their price objective on Seagate Technology from $950.00 to $1,140.00 and gave the company a “buy” rating in a report on Friday, May 15th. Wells Fargo & Company increased their target price on Seagate Technology from $700.00 to $900.00 and gave the company an “equal weight” rating in a research note on Monday, June 1st. UBS Group raised their target price on Seagate Technology from $515.00 to $545.00 and gave the stock a “neutral” rating in a report on Wednesday, April 29th. Finally, Morgan Stanley boosted their target price on Seagate Technology from $767.00 to $1,035.00 and gave the stock an “overweight” rating in a research report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $831.79.

Seagate Technology 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.