Sage Mountain Advisors LLC Makes New Investment in Seagate Technology Holdings PLC $STX

Sage Mountain Advisors LLC bought a new position in shares of Seagate Technology Holdings PLC (NASDAQ:STX) during the 3rd quarter, HoldingsChannel reports. The fund bought 1,765 shares of the data storage provider’s stock, valued at approximately $417,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in STX. Norges Bank acquired a new position in Seagate Technology during the second quarter worth $197,027,000. Boston Partners purchased a new position in shares of Seagate Technology during the 2nd quarter worth $193,500,000. Soroban Capital Partners LP boosted its position in shares of Seagate Technology by 1,468.1% during the 2nd 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. Maple Rock Capital Partners Inc. grew its holdings in shares of Seagate Technology by 85.3% in the second quarter. Maple Rock Capital Partners Inc. now owns 1,131,752 shares of the data storage provider’s stock valued at $163,346,000 after purchasing an additional 520,846 shares during the period. Finally, State Street Corp increased its position in Seagate Technology by 5.0% during the second quarter. State Street Corp now owns 9,001,365 shares of the data storage provider’s stock worth $1,305,499,000 after purchasing an additional 432,455 shares during the last quarter. Institutional investors and hedge funds own 92.87% of the company’s stock.

Insider Activity at Seagate Technology

In related news, Director Yolanda Lee Conyers sold 750 shares of Seagate Technology stock in a transaction that occurred on Tuesday, December 2nd. The shares were sold at an average price of $272.91, for a total value of $204,682.50. Following the completion of the transaction, the director owned 5,601 shares in the company, valued at approximately $1,528,568.91. The trade was a 11.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO William D. Mosley sold 20,000 shares of the stock in a transaction that occurred on Friday, January 2nd. The stock was sold at an average price of $285.56, for a total transaction of $5,711,200.00. Following the sale, the chief executive officer owned 429,895 shares in the company, valued at approximately $122,760,816.20. This trade represents a 4.45% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 132,557 shares of company stock valued at $36,847,793. 0.79% of the stock is owned by company insiders.

Key Headlines Impacting Seagate Technology

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

• Positive Sentiment: Bank of America reiterated a Buy on STX and raised its target to $400, citing stronger visibility into revenue and margin growth and forecasting a robust fiscal Q2 driven by data‑center demand. Bank of America note / Proactive
• Positive Sentiment: Citigroup raised its price target to $385 and maintained a Buy rating, signaling analyst conviction that Seagate will capture AI/data‑center storage spending. Citigroup raise / Benzinga
• Positive Sentiment: BNP Paribas Exane upgraded STX from Neutral to Outperform with a $380 target — another upward revision that helped lift market sentiment. BNP Paribas upgrade / Finviz
• Positive Sentiment: Sector narrative: analysts and market pieces are shifting attention from GPUs to storage as AI workloads increase demand for both hot‑tier SSDs and large‑capacity HDDs — a structural tailwind for Seagate’s enterprise/data‑center business. Yahoo: Seagate rises after upgrade
• Neutral Sentiment: Rosenblatt and UBS raised targets (Rosenblatt to $370 buy; UBS raised its PT to $335 but kept a Neutral rating), reflecting higher earnings/valuation expectations while showing some variation in conviction. Rosenblatt/UBS / Benzinga
• Neutral Sentiment: Recent writeups looked at Seagate’s valuation after the rounds of upgrades and AI storage commentary — useful context for investors reassessing multiples amid faster revenue/margin visibility. Yahoo Finance valuation piece
• Negative Sentiment: Not all coverage is uniformly bullish: Zacks trimmed its rating from Strong‑Buy to Hold, introducing a countervailing view on near‑term upside and reminding investors some analysts see less immediate upside. Zacks downgrade TickerReport

Seagate Technology Stock Up 5.6%

STX opened at $344.22 on Thursday. Seagate Technology Holdings PLC has a 52 week low of $63.19 and a 52 week high of $349.55. The business has a fifty day simple moving average of $285.72 and a 200-day simple moving average of $227.19. The firm has a market cap of $73.51 billion, a P/E ratio of 44.19, a P/E/G ratio of 1.28 and a beta of 1.60.

Seagate Technology Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 9th. Shareholders of record on Wednesday, December 24th were given a $0.74 dividend. The ex-dividend date of this dividend was Wednesday, December 24th. This represents a $2.96 annualized dividend and a yield of 0.9%. This is an increase from Seagate Technology’s previous quarterly dividend of $0.72. Seagate Technology’s dividend payout ratio is presently 38.00%.

Analyst Ratings Changes

Several equities analysts have weighed in on STX shares. Loop Capital boosted their target price on shares of Seagate Technology from $350.00 to $465.00 and gave the company a “buy” rating in a report on Monday, November 10th. BNP Paribas Exane upgraded Seagate Technology from a “neutral” rating to an “outperform” rating and set a $380.00 price objective on the stock in a report on Wednesday. Argus increased their price objective on Seagate Technology from $170.00 to $300.00 and gave the stock a “strong-buy” rating in a research report on Thursday, October 30th. Wells Fargo & Company lifted their target price on Seagate Technology from $250.00 to $360.00 and gave the company an “equal weight” rating in a research report on Thursday, January 15th. Finally, Cantor Fitzgerald increased their price target on Seagate Technology from $280.00 to $400.00 and gave the stock an “overweight” rating in a report on Thursday, November 6th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $350.41.

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.