AustralianSuper Pty Ltd Increases Stock Position in Seagate Technology Holdings PLC $STX

AustralianSuper Pty Ltd increased its position in shares of Seagate Technology Holdings PLC (NASDAQ:STX) by 6.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 24,093 shares of the data storage provider’s stock after purchasing an additional 1,547 shares during the quarter. AustralianSuper Pty Ltd’s holdings in Seagate Technology were worth $5,687,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in STX. First Horizon Corp bought a new position in shares of Seagate Technology during the 3rd quarter worth approximately $33,000. Harbor Asset Planning Inc. purchased a new stake in shares of Seagate Technology during the second quarter valued at approximately $27,000. Rakuten Securities Inc. increased its position in shares of Seagate Technology by 884.2% during the second quarter. Rakuten Securities Inc. now owns 187 shares of the data storage provider’s stock valued at $27,000 after acquiring an additional 168 shares during the last quarter. MTM Investment Management LLC bought a new stake in Seagate Technology during the second quarter worth $29,000. Finally, True Wealth Design LLC boosted its position in Seagate Technology by 665.7% in the third quarter. True Wealth Design LLC now owns 268 shares of the data storage provider’s stock worth $63,000 after purchasing an additional 233 shares during the last quarter. Hedge funds and other institutional investors own 92.87% of the company’s stock.

Insider Activity at Seagate Technology

In other Seagate Technology news, Director Yolanda Lee Conyers sold 750 shares of Seagate Technology stock in a transaction dated Tuesday, December 2nd. The stock was sold at an average price of $272.91, for a total transaction of $204,682.50. Following the completion of the transaction, the director owned 5,601 shares of the company’s stock, valued at $1,528,568.91. The trade was a 11.81% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Ban Seng Teh sold 1,412 shares of the company’s stock in a transaction dated Monday, January 12th. The shares were sold at an average price of $299.31, for a total value of $422,625.72. Following the sale, the executive vice president owned 13,693 shares in the company, valued at approximately $4,098,451.83. This represents a 9.35% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 124,902 shares of company stock worth $34,819,987 in the last 90 days. 0.79% of the stock is owned by company insiders.

Seagate Technology Price Performance

STX opened at $446.57 on Friday. The firm has a 50-day moving average price of $301.25 and a 200-day moving average price of $236.62. Seagate Technology Holdings PLC has a twelve month low of $63.19 and a twelve month high of $457.84. The company has a quick ratio of 0.62, a current ratio of 1.12 and a debt-to-equity ratio of 7.63. The company has a market capitalization of $95.37 billion, a price-to-earnings ratio of 50.52, a PEG ratio of 1.29 and a beta of 1.60.

Seagate Technology (NASDAQ:STX) last announced its quarterly earnings results on Tuesday, January 27th. The data storage provider reported $3.11 EPS for the quarter, beating analysts’ consensus estimates of $2.77 by $0.34. Seagate Technology had a net margin of 19.59% and a negative return on equity of 936.38%. The company had revenue of $2.83 billion for the quarter, compared to analysts’ expectations of $2.73 billion. During the same period in the prior year, the company posted $2.03 EPS. Seagate Technology’s 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. Equities analysts expect that Seagate Technology Holdings PLC will post 6.83 EPS for the current year.

Seagate Technology Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 8th. Stockholders of record on Wednesday, March 25th will be given a $0.74 dividend. The ex-dividend date is Wednesday, March 25th. This represents a $2.96 annualized dividend and a dividend yield of 0.7%. Seagate Technology’s payout ratio is 38.00%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. TD Cowen raised their target price on Seagate Technology from $340.00 to $500.00 and gave the company a “buy” rating in a research report on Wednesday. Benchmark increased their price target on shares of Seagate Technology from $255.00 to $325.00 and gave the company a “buy” rating in a research report on Tuesday, December 16th. Citigroup lifted their price objective on shares of Seagate Technology from $385.00 to $460.00 and gave the stock a “buy” rating in a research report on Thursday. China Renaissance boosted their target price on shares of Seagate Technology from $325.00 to $452.00 and gave the company a “buy” rating in a research note on Thursday, January 15th. Finally, Wedbush raised their price target on shares of Seagate Technology from $290.00 to $380.00 and gave the stock an “outperform” rating in a research note on Friday, January 23rd. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, Seagate Technology has a consensus rating of “Moderate Buy” and a consensus price target of $411.04.

Trending Headlines about Seagate Technology

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

• Positive Sentiment: Q2 beat and raised guidance — Seagate reported $3.11 EPS and $2.83B revenue (both above consensus), delivered record margins and issued Q3 EPS guidance of $3.20–$3.60 (above Street estimates); this fundamental beat and stronger outlook are the main catalysts lifting the stock. Seagate Q2 Highlights
• Positive Sentiment: Demand commentary — Management said Seagate is effectively sold out through 2026 as AI-led data-center demand ramps, supporting visibility into revenue and pricing power for nearline capacity. Seagate Sold Out Through 2026
• Positive Sentiment: Large analyst target upgrades — Multiple firms raised price targets and ratings after the print (examples: Robert W. Baird to $505, Cantor/Rosenblatt/TD Cowen to $500+, Evercore to $450 and Citigroup to $460), which likely amplified buying from momentum and institutional flows. Evercore Price Target Update
• Neutral Sentiment: Mixed analyst positioning — Some houses raised targets but a few major banks still have neutral/discounted targets relative to the rally (Goldman/UBS/Barclays still below the intraday highs), signaling differing views on sustainable valuation. Analyst Rating Coverage
• Neutral Sentiment: Dividend maintained — Seagate declared a quarterly dividend (modest yield ~0.7%), a shareholder-friendly item but unlikely to be a primary driver of the share move.
• Negative Sentiment: Insider sale — EVP James Ci Lee sold 673 shares recently, reducing his holdings materially; insider sales can be interpreted negatively by some investors even though the sale size is small relative to the market cap. SEC Form 4

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.