Allspring Global Investments Holdings LLC Buys 623 Shares of Seagate Technology Holdings PLC $STX

Allspring Global Investments Holdings LLC grew its position in Seagate Technology Holdings PLC (NASDAQ:STX) by 2.1% in the first quarter, Holdings Channel reports. The fund owned 30,853 shares of the data storage provider’s stock after acquiring an additional 623 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Seagate Technology were worth $13,055,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Massachusetts Financial Services Co. MA increased its stake in shares of Seagate Technology by 1,510.1% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 2,008,516 shares of the data storage provider’s stock valued at $553,125,000 after buying an additional 1,883,769 shares during the period. Norges Bank acquired a new position in Seagate Technology in the 4th quarter valued at approximately $498,363,000. Soroban Capital Partners LP raised its stake in shares of Seagate Technology by 1,468.1% during the second quarter. Soroban Capital Partners LP now owns 1,417,600 shares of the data storage provider’s stock valued at $204,602,000 after acquiring an additional 1,327,197 shares during the last quarter. Deutsche Bank AG raised its stake in shares of Seagate Technology by 102.0% during the fourth quarter. Deutsche Bank AG now owns 1,599,962 shares of the data storage provider’s stock valued at $440,614,000 after acquiring an additional 807,962 shares during the last quarter. Finally, National Pension Service lifted its holdings in shares of Seagate Technology by 298.7% during the fourth quarter. National Pension Service now owns 997,223 shares of the data storage provider’s stock worth $274,625,000 after purchasing an additional 747,102 shares during the period. Institutional investors own 92.87% of the company’s stock.

Seagate Technology Stock Performance

Shares of STX stock opened at $891.83 on Wednesday. The company has a current ratio of 1.33, a quick ratio of 0.85 and a debt-to-equity ratio of 3.16. Seagate Technology Holdings PLC has a 12 month low of $138.30 and a 12 month high of $1,145.00. The firm has a market capitalization of $199.98 billion, a PE ratio of 84.61 and a beta of 2.04. The firm has a fifty day simple moving average of $888.04 and a two-hundred day simple moving average of $599.64.

Seagate Technology (NASDAQ:STX) last issued its quarterly 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 return on equity of 1,005.65% and a net margin of 21.60%.The company had revenue of $3.11 billion during the quarter, compared to the consensus estimate of $2.96 billion. During the same period last year, the business posted $1.90 earnings per share. Seagate Technology’s revenue was up 44.1% on a year-over-year basis. Seagate Technology has set its Q4 2026 guidance at 4.800-5.200 EPS. Analysts forecast that Seagate Technology Holdings PLC will post 14.14 EPS for the current fiscal year.

Seagate Technology Announces Dividend

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

Analyst Ratings Changes

A number of brokerages have recently issued reports on STX. Citigroup raised their price objective on Seagate Technology from $1,150.00 to $1,240.00 and gave the stock a “buy” rating in a research report on Monday, July 13th. BNP Paribas Exane increased their target price on shares of Seagate Technology from $530.00 to $860.00 and gave the company an “outperform” rating in a research report on Wednesday, April 29th. China Renaissance boosted their price target on shares of Seagate Technology from $802.00 to $983.00 in a research report on Friday, June 12th. Rosenblatt Securities increased their price objective on shares of Seagate Technology from $500.00 to $1,000.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. Finally, Loop Capital lifted their target price on shares of Seagate Technology from $950.00 to $1,140.00 and gave the stock a “buy” rating in a research note on Friday, May 15th. Twenty-two research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $898.52.

Trending Headlines about Seagate Technology

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

• Positive Sentiment: Analysts say Seagate has the right mix of factors for a likely earnings beat in its next report, with expectations for earnings growth ahead of results. Seagate (STX) Earnings Expected to Grow: Should You Buy?
• Positive Sentiment: Seagate was included in a Zacks analyst roundup alongside names tied to strong results, AI demand, and improving growth outlooks, reinforcing bullish sentiment. The Zacks Analyst Blog Highlights Johnson & Johnson, Lam Research, Seagate, KVH Industries and Dawson Geophysical
• Positive Sentiment: Broker commentary and market coverage continue to cite Seagate as a beneficiary of AI infrastructure and memory-related demand trends, which has supported the stock’s recent strength. Banking giant names 7 stocks to buy after memory equities sell-off
• Neutral Sentiment: Jim Cramer suggested trimming Seagate after its strong comeback ahead of July 28 earnings, which may reflect caution about short-term gains despite the constructive longer-term backdrop. Jim Cramer suggests trimming Seagate position after strong comeback ahead of July 28 earnings

Insider Transactions at Seagate Technology

In other news, EVP John Christopher Morris sold 1,364 shares of the company’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 $1,200,579.16. Following the completion of the transaction, the executive vice president directly owned 12,088 shares in the company, valued at approximately $10,639,736.72. This represents a 10.14% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Ban Seng Teh sold 989 shares of the stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $880.19, for a total value of $870,507.91. Following the transaction, the executive vice president owned 4,290 shares in the company, valued at $3,776,015.10. This trade represents a 18.73% 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. In the last three months, insiders sold 151,069 shares of company stock worth $126,191,753. 0.79% of the stock is currently 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.