GKV Capital Management Co. Inc. Boosts Position in Seagate Technology Holdings PLC $STX

GKV Capital Management Co. Inc. boosted its position in shares of Seagate Technology Holdings PLC (NASDAQ:STX) by 11.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 6,070 shares of the data storage provider’s stock after purchasing an additional 620 shares during the quarter. GKV Capital Management Co. Inc.’s holdings in Seagate Technology were worth $1,672,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. Gateway Investment Advisers LLC boosted its position in Seagate Technology by 1.8% during the fourth quarter. Gateway Investment Advisers LLC now owns 1,399 shares of the data storage provider’s stock worth $385,000 after purchasing an additional 25 shares in the last quarter. Trajan Wealth LLC boosted its position in Seagate Technology by 1.9% during the fourth quarter. Trajan Wealth LLC now owns 1,325 shares of the data storage provider’s stock worth $365,000 after purchasing an additional 25 shares in the last quarter. EWA LLC boosted its position in Seagate Technology by 2.1% during the fourth quarter. EWA LLC now owns 1,370 shares of the data storage provider’s stock worth $377,000 after purchasing an additional 28 shares in the last quarter. SVB Wealth LLC boosted its position in Seagate Technology by 0.9% during the fourth quarter. SVB Wealth LLC now owns 3,347 shares of the data storage provider’s stock worth $922,000 after purchasing an additional 29 shares in the last quarter. Finally, Fielder Capital Group LLC boosted its position in Seagate Technology by 2.7% during the fourth quarter. Fielder Capital Group LLC now owns 1,217 shares of the data storage provider’s stock worth $335,000 after purchasing an additional 32 shares in the last quarter. 92.87% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Cantor Fitzgerald boosted their price target on Seagate Technology from $700.00 to $1,000.00 and gave the stock an “overweight” rating in a report on Wednesday, April 29th. JPMorgan Chase & Co. boosted their price target on Seagate Technology from $525.00 to $775.00 and gave the stock an “overweight” rating in a report on Wednesday, April 29th. Bank of America boosted their price target on Seagate Technology from $840.00 to $900.00 and gave the stock a “buy” rating in a report on Tuesday, May 26th. Wells Fargo & Company boosted their price target on Seagate Technology from $700.00 to $900.00 and gave the stock an “equal weight” rating in a report on Monday. Finally, Argus boosted their price target on Seagate Technology from $450.00 to $750.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. One research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, Seagate Technology currently has a consensus rating of “Moderate Buy” and an average target price of $772.04.

Seagate Technology News Summary

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

• Positive Sentiment: Citigroup raised its price target on Seagate Technology Holdings PLC (STX) to $1,150 and reiterated a Buy rating, which is likely helping fuel the stock’s recent strength. Article Title
• Positive Sentiment: Seagate also reached a $175 million settlement over Huawei-related shareholder claims, which may reduce a lingering legal overhang and improve sentiment. Article Title
• Positive Sentiment: A Forbes piece highlighted Seagate as a data-storage name making new records, reflecting continued momentum in the stock after strong earnings and guidance. Article Title
• Neutral Sentiment: Seagate presented at Bank of America’s 2026 Global Technology Conference, but no major new operational update was included in the transcript. Article Title
• Negative Sentiment: Multiple insiders, including CEO William D. Mosley and directors Yolanda Lee Conyers and Prat Bhatt, sold shares in pre-arranged transactions. These sales were likely routine, but they can still temper enthusiasm at elevated share prices.

Insiders Place Their Bets

In related news, EVP Ban Seng Teh sold 8,003 shares of the company’s stock in a transaction on 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 completion of the transaction, the executive vice president directly owned 3,691 shares in the company, valued at approximately $3,016,580.48. This represents a 68.44% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP John Christopher Morris sold 5,626 shares of the company’s stock in a transaction on Monday, May 4th. The shares were sold at an average price of $738.37, for a total value of $4,154,069.62. Following the completion of the transaction, the executive vice president owned 11,954 shares of the company’s stock, valued at $8,826,474.98. The trade was a 32.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 154,187 shares of company stock valued at $107,340,021. 0.79% of the stock is owned by company insiders.

Seagate Technology Stock Performance

Seagate Technology stock opened at $940.69 on Thursday. The firm has a market capitalization of $210.93 billion, a P/E ratio of 89.25 and a beta of 2.04. The stock has a fifty day moving average price of $642.80 and a 200 day moving average price of $446.76. Seagate Technology Holdings PLC has a 52 week low of $123.73 and a 52 week high of $966.80. 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 (NASDAQ:STX) last released its earnings results on Tuesday, April 28th. The data storage provider reported $4.10 EPS for the quarter, beating the consensus estimate 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 return on equity of 1,005.65% and a net margin of 21.60%.The business’s quarterly revenue was up 44.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.90 earnings per share. Seagate Technology has set its Q4 2026 guidance at 4.800-5.200 EPS. Equities research analysts anticipate that Seagate Technology Holdings PLC will post 14.1 earnings per share for the current year.

Seagate Technology Announces Dividend

The firm 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. This represents a $2.96 annualized dividend and a yield of 0.3%. The ex-dividend date is Wednesday, June 24th. Seagate Technology’s dividend payout ratio is presently 28.08%.

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.