289,774 Shares in Seagate Technology Holdings PLC $STX Acquired by Amanah Holdings Trust

Amanah Holdings Trust acquired a new stake in Seagate Technology Holdings PLC (NASDAQ:STX) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 289,774 shares of the data storage provider’s stock, valued at approximately $79,801,000. Seagate Technology comprises approximately 11.7% of Amanah Holdings Trust’s investment portfolio, making the stock its 2nd biggest holding.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Integrated Wealth Concepts LLC grew its holdings in shares of Seagate Technology by 168.0% during the first quarter. Integrated Wealth Concepts LLC now owns 7,177 shares of the data storage provider’s stock worth $610,000 after purchasing an additional 4,499 shares during the last quarter. Sivia Capital Partners LLC acquired a new stake in shares of Seagate Technology in the second quarter valued at $262,000. Cerity Partners LLC raised its holdings in shares of Seagate Technology by 25.8% in the second quarter. Cerity Partners LLC now owns 36,682 shares of the data storage provider’s stock valued at $5,294,000 after buying an additional 7,517 shares during the last quarter. Sei Investments Co. lifted its position in Seagate Technology by 64.8% during the 2nd quarter. Sei Investments Co. now owns 8,543 shares of the data storage provider’s stock worth $1,233,000 after buying an additional 3,358 shares in the last quarter. Finally, The Manufacturers Life Insurance Company lifted its position in Seagate Technology by 0.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 127,887 shares of the data storage provider’s stock worth $18,458,000 after buying an additional 462 shares in the last quarter. Institutional investors and hedge funds own 92.87% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on the stock. Argus raised their price objective on shares of Seagate Technology from $450.00 to $750.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. UBS Group upped their target price on shares of Seagate Technology from $515.00 to $545.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 29th. Bank of America increased their price target on shares of Seagate Technology from $900.00 to $1,000.00 in a research note on Monday, June 8th. Citigroup raised their price target on shares of Seagate Technology from $740.00 to $1,150.00 and gave the company a “buy” rating in a report on Tuesday, June 2nd. Finally, The Goldman Sachs Group boosted their price objective on shares of Seagate Technology from $385.00 to $700.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $831.79.

More Seagate Technology News

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

• Positive Sentiment: JPMorgan reiterated an Overweight rating on Seagate and lifted its price target to $920 from $775, citing optimism around pricing and margin expansion as demand remains strong. Why JPMorgan Remains Bullish on Seagate Technology Holdings plc (STX)
• Positive Sentiment: Multiple reports highlighted Seagate as a momentum pick tied to AI data explosion, with analysts saying HAMR-based Mozaic technology positions the company for multi-year storage demand growth. AI’s Data Explosion Creates a Multi-Year Growth Runway for Seagate
• Positive Sentiment: Seagate was also mentioned alongside other memory names as a beneficiary of surging memory prices and elevated demand, including after Apple flagged higher memory costs, which lifted the entire group. MU, WDC, SNDK, STX Stocks Rally Overnight After Apple Flags Memory Cost Surge
• Positive Sentiment: Another Zacks note said Seagate remains attractive as an AI memory stock with strong revenue growth, pricing power, and improving profitability. Micron & Another AI Memory Stock to Buy Now for Big Upside
• Neutral Sentiment: One article noted some insider selling by Seagate executives, but framed it as a routine profit-taking event rather than a negative business signal. Seagate’s C-Suite Just Sold Stock. It’s Not the Signal You Think.
• Neutral Sentiment: Broader market rotation news showed investors moving out of technology and into financials on one trading day, which could create some short-term pressure on tech shares generally. Financials Rose, Tech Fell Before Kevin Warsh Fed Debut

Seagate Technology Trading Up 0.4%

Shares of NASDAQ STX opened at $1,070.23 on Friday. Seagate Technology Holdings PLC has a fifty-two week low of $130.32 and a fifty-two week high of $1,145.00. The firm has a market capitalization of $239.98 billion, a P/E ratio of 101.54 and a beta of 2.04. The company has a debt-to-equity ratio of 3.16, a current ratio of 1.33 and a quick ratio of 0.85. The company’s 50 day simple moving average is $757.65 and its 200 day simple moving average is $499.23.

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

Seagate Technology Dividend Announcement

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

Insiders Place Their Bets

In other Seagate Technology news, Director Shankar Arumugavelu sold 1,000 shares of the firm’s stock in a transaction dated Thursday, June 4th. The stock was sold at an average price of $927.68, for a total transaction of $927,680.00. Following the transaction, the director owned 6,626 shares in the company, valued at approximately $6,146,807.68. This trade represents a 13.11% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Gianluca Romano sold 903 shares of the business’s stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $880.19, for a total value of $794,811.57. Following the transaction, the chief financial officer owned 42,860 shares of the company’s stock, valued at $37,724,943.40. The trade was a 2.06% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 141,069 shares of company stock valued at $107,161,712 in the last ninety days. 0.79% of the stock is currently owned by insiders.

About Seagate Technology

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.