1,338 Shares in Seagate Technology Holdings PLC $STX Bought by John G Ullman & Associates Inc.

John G Ullman & Associates Inc. purchased a new stake in Seagate Technology Holdings PLC (NASDAQ:STX) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 1,338 shares of the data storage provider’s stock, valued at approximately $316,000.

Several other institutional investors have also recently made changes to their positions in the stock. WCM Investment Management LLC acquired a new stake in shares of Seagate Technology in the 3rd quarter valued at about $1,187,621,000. Norges Bank bought a new position in Seagate Technology in the second quarter worth approximately $197,027,000. Boston Partners acquired a new stake in Seagate Technology in the second quarter valued at approximately $193,500,000. Soroban Capital Partners LP increased its holdings in shares of Seagate Technology by 1,468.1% during the second 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 in the last quarter. Finally, Maple Rock Capital Partners Inc. increased its holdings in shares of Seagate Technology by 85.3% during 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 acquiring an additional 520,846 shares in 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: Major broker Citigroup raised its price target to $480 and maintained a “buy” rating, signaling incremental analyst conviction and supporting upside expectations. MarketScreener: Citigroup adjusts Seagate price target to $480
• Positive Sentiment: BNP Paribas Exane lifted its target sharply to $530 and kept an “outperform” rating, a sizable bullish signal that likely boosted investor confidence. MarketScreener: BNP Paribas adjusts Seagate price target to $530
• Positive Sentiment: Cantor Fitzgerald reportedly set a $650 price target—an aggressive bull-case that adds to the narrative of strong long-term upside from AI-related storage demand. AmericanBankingNews: Seagate Given New $650.00 Price Target at Cantor Fitzgerald
• Positive Sentiment: Industry media (Zacks) is including STX on growth and momentum lists, citing AI-driven memory/storage demand and strong earnings growth — reinforcing investor interest in Seagate as an AI beneficiary. Zacks: 5 Growth Stocks to Buy in February to Enhance Your Portfolio Returns
• Neutral Sentiment: Zacks also highlighted STX in pieces about stocks that could beat earnings and show price strength; useful signals but not direct catalysts. Zacks: These 2 Computer and Technology Stocks Could Beat Earnings
• Negative Sentiment: Analysis in Forbes pointed to a recent sharp one-day decline driven by renewed worries over AI chip export restrictions to China and notable insider selling — issues that can pressure valuation and sentiment. Forbes: How Low Can Seagate Stock Go?
• Negative Sentiment: A Yahoo Finance piece flagged a CEO share sale, prompting fresh scrutiny of insider selling and the AI-storage valuation story; investor concern over timing and optics can be a headwind. Yahoo Finance: Seagate CEO Share Sale Prompts Fresh Look At AI Storage Valuation

Seagate Technology Stock Up 5.9%

Seagate Technology stock opened at $429.32 on Friday. Seagate Technology Holdings PLC has a fifty-two week low of $63.19 and a fifty-two week high of $459.41. The company has a debt-to-equity ratio of 7.63, a quick ratio of 0.72 and a current ratio of 1.12. The firm’s 50-day simple moving average is $320.55 and its 200 day simple moving average is $248.06. The stock has a market cap of $93.62 billion, a PE ratio of 48.57, a price-to-earnings-growth ratio of 0.91 and a beta of 1.62.

Seagate Technology (NASDAQ:STX) last posted its quarterly earnings data on Tuesday, January 27th. The data storage provider reported $3.11 EPS for the quarter, beating the consensus estimate of $2.77 by $0.34. Seagate Technology had a net margin of 19.59% and a negative return on equity of 936.38%. The firm had revenue of $2.83 billion during the quarter, compared to analyst estimates of $2.73 billion. During the same quarter last year, the business posted $2.03 EPS. The company’s revenue for the quarter was up 21.5% on a year-over-year basis. Seagate Technology has set its Q3 2026 guidance at 3.200-3.600 EPS. Research analysts predict that Seagate Technology Holdings PLC will post 6.83 EPS for the current fiscal year.

Seagate Technology Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 8th. Shareholders of record on Wednesday, March 25th will be given a $0.74 dividend. The ex-dividend date of this dividend is Wednesday, March 25th. This represents a $2.96 annualized dividend and a yield of 0.7%. Seagate Technology’s payout ratio is currently 33.48%.

Insider Transactions at Seagate Technology

In related news, Director Yolanda Lee Conyers sold 750 shares of the business’s stock in a transaction dated Tuesday, December 2nd. The shares were sold at an average price of $272.91, for a total value of $204,682.50. Following the transaction, the director directly owned 5,601 shares of the company’s stock, valued at approximately $1,528,568.91. The trade was a 11.81% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Ban Seng Teh sold 20,195 shares of the firm’s stock in a transaction dated Thursday, January 29th. The stock was sold at an average price of $442.29, for a total transaction of $8,932,046.55. Following the sale, the executive vice president owned 3,092 shares of the company’s stock, valued at $1,367,560.68. This trade represents a 86.72% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 137,976 shares of company stock worth $45,330,378. Company insiders own 0.79% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Benchmark increased their target price on Seagate Technology from $255.00 to $325.00 and gave the stock a “buy” rating in a report on Tuesday, December 16th. Barclays raised their price objective on shares of Seagate Technology from $370.00 to $425.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 28th. BNP Paribas Exane lifted their price objective on shares of Seagate Technology from $430.00 to $530.00 and gave the company an “outperform” rating in a report on Wednesday. Wells Fargo & Company upped their target price on shares of Seagate Technology from $360.00 to $450.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 28th. Finally, Sanford C. Bernstein lifted their price target on Seagate Technology from $275.00 to $370.00 and gave the company an “outperform” rating in a research note on Thursday, November 6th. Eighteen research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, Seagate Technology presently has an average rating of “Moderate Buy” and an average target price of $431.48.

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.