ABN Amro Investment Solutions Makes New Investment in Seagate Technology Holdings PLC $STX

ABN Amro Investment Solutions purchased a new stake in Seagate Technology Holdings PLC (NASDAQ:STX) in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 14,072 shares of the data storage provider’s stock, valued at approximately $5,513,000.

Several other hedge funds also recently made changes to their positions in STX. Oslo Pensjonsforsikring AS acquired a new position in Seagate Technology in the first quarter worth approximately $358,000. Baader Bank Aktiengesellschaft raised its position in shares of Seagate Technology by 263.1% during the first quarter. Baader Bank Aktiengesellschaft now owns 6,140 shares of the data storage provider’s stock worth $2,405,000 after purchasing an additional 4,449 shares during the period. Andra AP fonden purchased a new stake in shares of Seagate Technology during the first quarter valued at $12,805,000. Wilkerson Advisory Group LLC lifted its holdings in shares of Seagate Technology by 95.6% during the first quarter. Wilkerson Advisory Group LLC now owns 133 shares of the data storage provider’s stock valued at $52,000 after purchasing an additional 65 shares during the last quarter. Finally, Florida Financial Advisors LLC boosted its position in shares of Seagate Technology by 23.1% in the 1st quarter. Florida Financial Advisors LLC now owns 8,950 shares of the data storage provider’s stock valued at $3,507,000 after purchasing an additional 1,681 shares during the period. Institutional investors and hedge funds own 92.87% of the company’s stock.

Analyst Ratings Changes

STX has been the topic of several recent analyst reports. Zacks Research downgraded Seagate Technology from a “strong-buy” rating to a “hold” rating in a report on Monday, June 29th. Loop Capital raised their target price on Seagate Technology from $950.00 to $1,140.00 and gave the stock a “buy” rating in a research report on Friday, May 15th. Argus lifted their price target on Seagate Technology from $450.00 to $750.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Mizuho upped their price target on Seagate Technology from $875.00 to $1,090.00 and gave the company an “outperform” rating in a research report on Monday, June 8th. Finally, Susquehanna increased their price objective on Seagate Technology from $615.00 to $775.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 8th. Twenty-two investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $898.52.

Key Seagate Technology News

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

• Positive Sentiment: Seagate is being viewed as undervalued on the back of fresh AI demand news, with one report suggesting the stock could be 34% below fair value as investors reassess its role in the AI infrastructure buildout.
• Positive Sentiment: Analyst coverage is turning supportive, with Zacks noting that Seagate has the ingredients for a possible earnings beat and including it among favored technology names ahead of results.
• Positive Sentiment: A comparison of SanDisk and Seagate’s revenue trends kept attention on memory and storage stocks, reinforcing the idea that AI-driven demand for NAND, SSDs, and related storage products could support Seagate’s growth story.
• Neutral Sentiment: Broader market commentary also pointed to chip stocks leading a rebound and volatility in the AI trade, which may be helping sentiment across the group without adding company-specific news.

Seagate Technology Trading Up 1.8%

Seagate Technology stock opened at $908.10 on Thursday. The company’s fifty day simple moving average is $889.85 and its 200-day simple moving average is $604.10. The company has a quick ratio of 0.85, a current ratio of 1.33 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 stock has a market cap of $203.62 billion, a P/E ratio of 86.16 and a beta of 2.04.

Seagate Technology (NASDAQ:STX) last announced its quarterly earnings data on Tuesday, April 28th. The data storage provider reported $4.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.51 by $0.59. The business 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%.Seagate Technology’s quarterly revenue was up 44.1% compared to the same quarter last year. During the same period last year, the company earned $1.90 earnings per share. Seagate Technology has set its Q4 2026 guidance at 4.800-5.200 EPS. As a group, sell-side 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 declared a quarterly dividend, which was paid on Tuesday, July 7th. Stockholders of record on Wednesday, June 24th were paid a dividend of $0.74 per share. The ex-dividend date of this dividend was Wednesday, June 24th. This represents a $2.96 dividend on an annualized basis and a dividend yield of 0.3%. Seagate Technology’s dividend payout ratio (DPR) is 28.08%.

Insider Transactions at Seagate Technology

In other news, CFO Gianluca Romano sold 903 shares of Seagate Technology stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $880.19, for a total transaction of $794,811.57. Following the completion of the sale, the chief financial officer directly owned 42,860 shares in the company, valued at $37,724,943.40. The trade was a 2.06% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO William D. Mosley sold 9,343 shares of the business’s stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $924.42, for a total value of $8,636,856.06. Following the completion of the sale, the chief executive officer directly owned 311,517 shares of the company’s stock, valued at approximately $287,972,545.14. The trade was a 2.91% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 151,069 shares of company stock valued at $126,191,753 over the last 90 days. Company insiders own 0.79% of the company’s stock.

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.