California Public Employees Retirement System Has $84.19 Million Holdings in Seagate Technology Holdings PLC $STX

California Public Employees Retirement System lifted its stake in shares of Seagate Technology Holdings PLC (NASDAQ:STX) by 3.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 356,652 shares of the data storage provider’s stock after acquiring an additional 12,182 shares during the period. California Public Employees Retirement System’s holdings in Seagate Technology were worth $84,191,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Rakuten Securities Inc. increased its holdings in Seagate Technology by 884.2% during the 2nd quarter. Rakuten Securities Inc. now owns 187 shares of the data storage provider’s stock worth $27,000 after purchasing an additional 168 shares in the last quarter. MTM Investment Management LLC acquired a new stake in shares of Seagate Technology in the 2nd quarter valued at about $29,000. First Horizon Corp bought a new stake in shares of Seagate Technology in the third quarter valued at about $33,000. Raiffeisen Bank International AG bought a new stake in shares of Seagate Technology in the third quarter valued at about $33,000. Finally, Physician Wealth Advisors Inc. boosted its position in shares of Seagate Technology by 43.7% during the third quarter. Physician Wealth Advisors Inc. now owns 148 shares of the data storage provider’s stock worth $35,000 after buying an additional 45 shares during the period. 92.87% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

STX has been the subject of a number of analyst reports. Bank of America raised their target price on shares of Seagate Technology from $320.00 to $400.00 and gave the company a “buy” rating in a research report on Tuesday, January 20th. Evercore raised their price objective on Seagate Technology from $330.00 to $450.00 and gave the company an “outperform” rating in a report on Wednesday, January 28th. UBS Group lifted their target price on Seagate Technology from $385.00 to $440.00 and gave the company a “neutral” rating in a research report on Monday, February 9th. Cantor Fitzgerald upped their target price on Seagate Technology from $500.00 to $650.00 and gave the stock an “overweight” rating in a report on Wednesday, February 4th. Finally, Mizuho increased their price target on Seagate Technology from $440.00 to $475.00 and gave the company an “outperform” rating in a research report on Tuesday, February 17th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, Seagate Technology has an average rating of “Moderate Buy” and a consensus target price of $447.35.

Insider Transactions at Seagate Technology

In other Seagate Technology news, Director Jay L. Geldmacher sold 925 shares of the stock in a transaction dated Friday, January 30th. The shares were sold at an average price of $448.02, for a total value of $414,418.50. Following the transaction, the director directly owned 223 shares of the company’s stock, valued at $99,908.46. This represents a 80.57% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP James Ci Lee sold 673 shares of the firm’s stock in a transaction that occurred on Monday, January 26th. The stock was sold at an average price of $348.85, for a total transaction of $234,776.05. Following the sale, the executive vice president owned 257 shares of the company’s stock, valued at $89,654.45. This trade represents a 72.37% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 89,051 shares of company stock worth $34,430,409. 0.79% of the stock is currently owned by insiders.

Seagate Technology Trading Up 3.9%

Shares of Seagate Technology stock opened at $398.78 on Tuesday. The company has a debt-to-equity ratio of 7.63, a current ratio of 1.12 and a quick ratio of 0.72. The business has a fifty day simple moving average of $380.42 and a two-hundred day simple moving average of $293.80. Seagate Technology Holdings PLC has a 1 year low of $63.19 and a 1 year high of $459.84. The company has a market capitalization of $86.96 billion, a price-to-earnings ratio of 45.11, a P/E/G ratio of 0.85 and a beta of 1.61.

Seagate Technology (NASDAQ:STX) last released 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. The firm had revenue of $2.83 billion for the quarter, compared to the consensus estimate of $2.73 billion. Seagate Technology had a net margin of 19.59% and a negative return on equity of 936.38%. The company’s quarterly revenue was up 21.5% on a year-over-year basis. During the same period in the previous year, the company earned $2.03 earnings per share. Seagate Technology has set its Q3 2026 guidance at 3.200-3.600 EPS. Research analysts forecast that Seagate Technology Holdings PLC will post 6.83 EPS for the current year.

Seagate Technology Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 8th. Investors of record on Wednesday, March 25th will be paid a $0.74 dividend. The ex-dividend date is Wednesday, March 25th. This represents a $2.96 dividend on an annualized basis and a yield of 0.7%. Seagate Technology’s dividend payout ratio is 33.48%.

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.