Resona Asset Management Co. Ltd. Lowers Position in Seagate Technology Holdings PLC $STX

Resona Asset Management Co. Ltd. reduced its stake in Seagate Technology Holdings PLC (NASDAQ:STX) by 13.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 57,744 shares of the data storage provider’s stock after selling 9,112 shares during the period. Resona Asset Management Co. Ltd.’s holdings in Seagate Technology were worth $13,631,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. Sivia Capital Partners LLC increased its position in shares of Seagate Technology by 2.6% during the third quarter. Sivia Capital Partners LLC now owns 1,865 shares of the data storage provider’s stock valued at $440,000 after acquiring an additional 47 shares during the last quarter. Magnus Financial Group LLC boosted its position in shares of Seagate Technology by 2.9% during the 3rd quarter. Magnus Financial Group LLC now owns 1,755 shares of the data storage provider’s stock worth $414,000 after purchasing an additional 49 shares during the period. Lee Johnson Capital Management LLC boosted its position in shares of Seagate Technology by 0.9% during the 3rd quarter. Lee Johnson Capital Management LLC now owns 5,546 shares of the data storage provider’s stock worth $1,309,000 after purchasing an additional 50 shares during the period. Dynamic Advisor Solutions LLC increased its holdings in Seagate Technology by 3.8% in the 3rd quarter. Dynamic Advisor Solutions LLC now owns 1,446 shares of the data storage provider’s stock valued at $341,000 after purchasing an additional 53 shares during the last quarter. Finally, Cornerstone Wealth Group LLC raised its position in Seagate Technology by 1.7% in the third quarter. Cornerstone Wealth Group LLC now owns 3,510 shares of the data storage provider’s stock valued at $829,000 after purchasing an additional 57 shares during the period. Institutional investors and hedge funds own 92.87% of the company’s stock.

Seagate Technology Stock Performance

Shares of STX opened at $346.10 on Monday. Seagate Technology Holdings PLC has a 1 year low of $63.19 and a 1 year high of $350.05. The stock has a market capitalization of $73.91 billion, a PE ratio of 44.43, a PEG ratio of 1.04 and a beta of 1.60. The stock has a 50-day simple moving average of $289.16 and a 200-day simple moving average of $230.60.

Seagate Technology Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 9th. Shareholders of record on Wednesday, December 24th were issued a dividend of $0.74 per share. This is a boost from Seagate Technology’s previous quarterly dividend of $0.72. The ex-dividend date was Wednesday, December 24th. This represents a $2.96 annualized dividend and a yield of 0.9%. Seagate Technology’s dividend payout ratio (DPR) is presently 38.00%.

Insider Buying and Selling

In other Seagate Technology news, Director Stephanie Tilenius sold 2,046 shares of the stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $266.41, for a total value of $545,074.86. Following the sale, the director directly owned 12,244 shares of the company’s stock, valued at approximately $3,261,924.04. This represents a 14.32% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Ban Seng Teh sold 1,412 shares of Seagate Technology stock in a transaction on Monday, January 12th. The stock was sold at an average price of $299.31, for a total transaction of $422,625.72. Following the sale, the executive vice president directly owned 13,693 shares of the company’s stock, valued at approximately $4,098,451.83. This trade represents a 9.35% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 132,557 shares of company stock worth $36,847,793. Corporate insiders own 0.79% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently commented on STX. Benchmark raised their price target on Seagate Technology from $255.00 to $325.00 and gave the stock a “buy” rating in a research report on Tuesday, December 16th. Loop Capital increased their target price on Seagate Technology from $350.00 to $465.00 and gave the stock a “buy” rating in a research note on Monday, November 10th. Fox Advisors lifted their target price on Seagate Technology from $245.00 to $270.00 in a research report on Wednesday, October 29th. Wedbush increased their price target on shares of Seagate Technology from $290.00 to $380.00 and gave the stock an “outperform” rating in a research report on Friday. Finally, UBS Group raised their price objective on shares of Seagate Technology from $230.00 to $335.00 and gave the company a “neutral” rating in a research note on Tuesday, January 20th. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, Seagate Technology has a consensus rating of “Moderate Buy” and an average price target of $356.09.

Key Stories Impacting Seagate Technology

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

• Positive Sentiment: Wedbush raised its price target to $380 and kept an “outperform” rating, citing continued strength in AI/data-center HDD demand and pushing upside versus prior targets. Wedbush Raises Price Target on Seagate
• Positive Sentiment: Exane BNP Paribas upgraded STX to “strong-buy” (from hold), reinforcing bullish analyst momentum that has contributed to recent upside. Seagate Raised to Outperform at BNP Paribas Exane
• Positive Sentiment: Multiple broker notes (Rosenblatt, BofA, UBS) and an analyst-led upgrade pushed STX to a 12‑month high, signaling broad institutional conviction in near-term demand. Seagate Hits New 12-Month High After Analyst Upgrade
• Positive Sentiment: Macro narrative: investors are rotating into storage as AI models shift the bottleneck from compute to capacity—benefiting HDD makers like Seagate. This thematic move underpins rising multiples. Forget the Chips, Buy Memory
• Neutral Sentiment: Zacks previews Seagate’s Q2 (reporting Jan. 27), with consensus expecting ~16% revenue growth y/y driven by AI data-center demand and healthy margins—an upcoming catalyst but not a guaranteed beat. Seagate Stock Ahead of Q2 Earnings Release
• Neutral Sentiment: Technical/engineering progress: Seagate’s areal-density roadmap and HAMR/Mozaic drives keep cost-per-TB competitive for hyperscalers, supporting longer-term capacity demand. Seagate Elevates HDD Performance
• Neutral Sentiment: A recent take reassesses Seagate after a ~226% one‑year surge, useful context for investors but primarily descriptive rather than new fundamental news. Reassessing Seagate After Its 226% Surge
• Negative Sentiment: Critical view: Seeking Alpha warns STX now trades at ~29x forward P/E with nearline production committed through 2026, which could cap upside even as demand remains strong—raising valuation risk. Seagate: Outlandish Valuation
• Negative Sentiment: Analyst views are not unanimous—some coverage flagged in The Globe and Mail reflects mixed opinions, which can increase volatility as investors digest competing forecasts. Analysts’ Opinions Are Mixed

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.