Ariose Capital Management Ltd Makes New Investment in Seagate Technology Holdings PLC $STX

Ariose Capital Management Ltd acquired a new stake in shares of Seagate Technology Holdings PLC (NASDAQ:STX) during the first quarter, Holdings Channel.com reports. The firm acquired 96,600 shares of the data storage provider’s stock, valued at approximately $37,844,000. Seagate Technology comprises about 25.4% of Ariose Capital Management Ltd’s portfolio, making the stock its 2nd biggest position.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Praxis Investment Management Inc. boosted its position in shares of Seagate Technology by 35.2% during the first quarter. Praxis Investment Management Inc. now owns 8,943 shares of the data storage provider’s stock valued at $3,504,000 after buying an additional 2,328 shares during the period. Koshinski Asset Management Inc. purchased a new stake in shares of Seagate Technology in the first quarter worth approximately $224,000. V Square Quantitative Management LLC raised its holdings in shares of Seagate Technology by 9.1% in the first quarter. V Square Quantitative Management LLC now owns 4,347 shares of the data storage provider’s stock worth $1,703,000 after buying an additional 363 shares during the period. HB Wealth Management LLC lifted its stake in shares of Seagate Technology by 31.4% during the 1st quarter. HB Wealth Management LLC now owns 7,012 shares of the data storage provider’s stock worth $2,747,000 after acquiring an additional 1,674 shares during the last quarter. Finally, Baer Investment Advisory LLC purchased a new position in Seagate Technology during the 1st quarter valued at $297,000. Hedge funds and other institutional investors own 92.87% of the company’s stock.

Key Headlines Impacting Seagate Technology

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

• Positive Sentiment: Zacks upgraded Seagate to Strong Buy, citing improving earnings expectations and bullish momentum around the company’s outlook. Seagate (STX) Upgraded to Strong Buy: Here’s What You Should Know
• Positive Sentiment: Another Zacks note argued Seagate remains an attractive growth stock, pointing to strong business fundamentals and potential for continued upside. Seagate (STX) is an Incredible Growth Stock: 3 Reasons Why
• Positive Sentiment: Analysts also highlighted Seagate’s surging data center business, helped by cloud demand, Mozaic adoption, and long-term supply agreements that could support revenue growth through fiscal 2027. Can Seagate’s Data Center Business Maintain its Growth Momentum?

Insider Buying and Selling at Seagate Technology

In other Seagate Technology news, CEO William D. Mosley sold 30,000 shares of the company’s stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $751.29, for a total transaction of $22,538,700.00. Following the completion of the sale, the chief executive officer owned 339,591 shares in the company, valued at $255,131,322.39. This represents a 8.12% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at 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 company’s stock in a transaction on Wednesday, May 6th. The stock was sold at an average price of $774.22, for a total value of $17,410,659.36. Following the sale, the chief financial officer owned 42,847 shares of the company’s stock, valued at approximately $33,173,004.34. This represents a 34.42% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 151,069 shares of company stock worth $126,191,753. 0.79% of the stock is currently owned by corporate insiders.

Seagate Technology Price Performance

NASDAQ:STX opened at $820.16 on Friday. The company has a debt-to-equity ratio of 3.16, a current ratio of 1.33 and a quick ratio of 0.85. Seagate Technology Holdings PLC has a 1-year low of $138.30 and a 1-year high of $1,145.00. The company has a 50-day moving average of $853.32 and a 200 day moving average of $550.33. The firm has a market cap of $183.90 billion, a PE ratio of 77.81 and a beta of 2.04.

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

Seagate Technology Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 7th. Investors of record on Wednesday, June 24th will be issued a dividend of $0.74 per share. This represents a $2.96 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend is Wednesday, June 24th. Seagate Technology’s dividend payout ratio (DPR) is presently 28.08%.

Wall Street Analyst Weigh In

Several brokerages have commented on STX. Susquehanna upped their price objective on Seagate Technology from $485.00 to $615.00 and gave the company a “neutral” rating in a research report on Wednesday, April 29th. Zacks Research downgraded Seagate Technology from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 29th. Evercore boosted their target price on shares of Seagate Technology from $750.00 to $1,000.00 and gave the company an “outperform” rating in a research note on Tuesday, May 12th. Fox Advisors downgraded shares of Seagate Technology from an “overweight” rating to an “equal weight” rating in a research note on Monday, June 22nd. Finally, The Goldman Sachs Group lifted their price objective on shares of Seagate Technology from $385.00 to $700.00 and gave the company a “buy” rating in a report on Wednesday, April 29th. Twenty-one equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $880.52.

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.