Seagate Technology Holdings PLC $STX Shares Bought by Barclays PLC

Barclays PLC grew its holdings in shares of Seagate Technology Holdings PLC (NASDAQ:STX) by 44.6% during the 4th quarter, HoldingsChannel reports. The firm owned 779,811 shares of the data storage provider’s stock after buying an additional 240,345 shares during the period. Barclays PLC’s holdings in Seagate Technology were worth $214,752,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Integrated Wealth Concepts LLC boosted its position in shares of Seagate Technology by 168.0% during the 1st quarter. Integrated Wealth Concepts LLC now owns 7,177 shares of the data storage provider’s stock valued at $610,000 after acquiring an additional 4,499 shares during the last quarter. Sivia Capital Partners LLC acquired a new position in shares of Seagate Technology during the 2nd quarter valued at about $262,000. Cerity Partners LLC boosted its position in shares of Seagate Technology by 25.8% during the 2nd quarter. Cerity Partners LLC now owns 36,682 shares of the data storage provider’s stock valued at $5,294,000 after acquiring an additional 7,517 shares during the last quarter. Sei Investments Co. boosted its position in shares of Seagate Technology by 64.8% during the 2nd quarter. Sei Investments Co. now owns 8,543 shares of the data storage provider’s stock valued at $1,233,000 after acquiring an additional 3,358 shares during the last quarter. Finally, The Manufacturers Life Insurance Company boosted its position in shares of 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 valued at $18,458,000 after acquiring an additional 462 shares during the last quarter. Institutional investors and hedge funds own 92.87% of the company’s stock.

Key Seagate Technology News

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

• Positive Sentiment: Seagate announced it will redeem all outstanding 3.50% Exchangeable Senior Notes due 2028, a move investors view as a balance-sheet strengthening step. Seagate Announces Redemption of Exchangeable Notes
• Positive Sentiment: Analysts remained bullish, with JPMorgan raising its price target to $920 and keeping an Overweight rating, while China Renaissance lifted its target to $983, reinforcing momentum in the stock. JPMorgan raises price target on Seagate Technology to 920 from 775, maintains overweight rating
• Positive Sentiment: Reports highlighted surging free cash flow and record AI-related demand, suggesting Seagate is benefiting from cloud and data-center storage expansion. Seagate’s Strengthening Free Cash Flow: Can Growth Continue?
• Positive Sentiment: Another update said Seagate has most of its nearline storage capacity allocated through 2027 and raised its long-term annual revenue growth target to at least 20%, pointing to sustained demand from large cloud customers. Seagate Locks In Nearline Demand And Lifts Long Term Growth Outlook
• Neutral Sentiment: Several Seagate executives sold shares this week, including the CFO and CEO, which may weigh on sentiment a bit, but the sales were relatively small versus their remaining holdings. Insider Selling: Seagate Technology (NASDAQ:STX) EVP Sells 574 Shares of Stock

Wall Street Analyst Weigh In

A number of research firms have commented on STX. Susquehanna upped their target price on shares of Seagate Technology from $485.00 to $615.00 and gave the company a “neutral” rating in a research report on Wednesday, April 29th. Rosenblatt Securities upped their target price on shares of Seagate Technology from $500.00 to $1,000.00 and gave the company a “buy” rating in a research report on Wednesday, April 29th. Zacks Research raised shares of Seagate Technology from a “hold” rating to a “strong-buy” rating in a research report on Friday, May 1st. TD Cowen upped their target price on shares of Seagate Technology from $500.00 to $850.00 and gave the company a “buy” rating in a research report on Wednesday, April 29th. Finally, China Renaissance upped their target price on shares of Seagate Technology from $802.00 to $983.00 in a research report on Friday. One analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, Seagate Technology has a consensus rating of “Moderate Buy” and a consensus price target of $820.63.

Seagate Technology Price Performance

STX stock opened at $931.04 on Monday. The company’s 50 day moving average price is $709.54 and its 200 day moving average price is $477.38. The company has a debt-to-equity ratio of 3.16, a quick ratio of 0.85 and a current ratio of 1.33. Seagate Technology Holdings PLC has a fifty-two week low of $124.63 and a fifty-two week high of $966.80. The firm has a market capitalization of $208.77 billion, a price-to-earnings ratio of 88.33 and a beta of 2.04.

Seagate Technology (NASDAQ:STX) last released its earnings results on Tuesday, April 28th. The data storage provider reported $4.10 earnings per share for the quarter, topping analysts’ consensus estimates of $3.51 by $0.59. The firm had revenue of $3.11 billion for 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 period in the prior year, the firm earned $1.90 earnings per share. Seagate Technology has set its Q4 2026 guidance at 4.800-5.200 EPS. On average, equities research analysts anticipate that Seagate Technology Holdings PLC will post 14.14 EPS for the current fiscal year.

Seagate Technology Announces Dividend

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

Insiders Place Their Bets

In related news, Director Shankar Arumugavelu sold 1,000 shares of the stock in a transaction on Thursday, June 4th. The stock was sold at an average price of $927.68, for a total transaction of $927,680.00. Following the completion of the sale, the director directly owned 6,626 shares of the company’s stock, valued at $6,146,807.68. This trade represents a 13.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Gianluca Romano sold 1,350 shares of the stock in a transaction on Wednesday, June 10th. The stock was sold at an average price of $821.76, for a total value of $1,109,376.00. Following the sale, the chief financial officer directly owned 41,380 shares of the company’s stock, valued at approximately $34,004,428.80. This represents a 3.16% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 160,629 shares of company stock valued at $112,739,671. 0.79% of the stock is owned by insiders.

Seagate Technology 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.