State of New Jersey Common Pension Fund D Has $20.22 Million Stock Position in Seagate Technology Holdings PLC $STX

State of New Jersey Common Pension Fund D reduced its position in Seagate Technology Holdings PLC (NASDAQ:STX) by 1.3% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 73,431 shares of the data storage provider’s stock after selling 975 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Seagate Technology were worth $20,222,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in STX. Integrated Wealth Concepts LLC increased its stake in shares of Seagate Technology by 168.0% in the 1st quarter. Integrated Wealth Concepts LLC now owns 7,177 shares of the data storage provider’s stock valued at $610,000 after buying an additional 4,499 shares during the period. Sivia Capital Partners LLC acquired a new stake in shares of Seagate Technology in the 2nd quarter valued at $262,000. Cerity Partners LLC increased its stake in shares of Seagate Technology by 25.8% in the 2nd quarter. Cerity Partners LLC now owns 36,682 shares of the data storage provider’s stock valued at $5,294,000 after buying an additional 7,517 shares during the period. Sei Investments Co. increased its stake in shares of Seagate Technology by 64.8% in the 2nd quarter. Sei Investments Co. now owns 8,543 shares of the data storage provider’s stock valued at $1,233,000 after buying an additional 3,358 shares during the period. Finally, The Manufacturers Life Insurance Company increased its stake in shares of Seagate Technology by 0.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 127,887 shares of the data storage provider’s stock valued at $18,458,000 after buying an additional 462 shares during the period. 92.87% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Seagate Technology

In other Seagate Technology news, EVP Kian Fatt Chong sold 5,846 shares of the business’s stock in a transaction dated Monday, February 23rd. The stock was sold at an average price of $416.48, for a total value of $2,434,742.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO William D. Mosley sold 24,584 shares of the business’s stock in a transaction dated Thursday, March 19th. The shares were sold at an average price of $406.77, for a total value of $10,000,033.68. Following the completion of the transaction, the chief executive officer directly owned 375,591 shares of the company’s stock, valued at approximately $152,779,151.07. The trade was a 6.14% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 90,430 shares of company stock valued at $37,129,976. Insiders own 0.79% of the company’s stock.

Seagate Technology Stock Up 4.7%

Shares of Seagate Technology stock opened at $673.64 on Friday. Seagate Technology Holdings PLC has a 12 month low of $89.89 and a 12 month high of $697.00. The company has a quick ratio of 0.72, a current ratio of 1.33 and a debt-to-equity ratio of 3.16. The stock has a market cap of $146.90 billion, a PE ratio of 63.91, a price-to-earnings-growth ratio of 1.06 and a beta of 1.61. The business has a fifty day simple moving average of $454.23 and a 200 day simple moving average of $356.06.

Seagate Technology (NASDAQ:STX) last posted its earnings results on Tuesday, April 28th. The data storage provider reported $4.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.51 by $0.59. Seagate Technology had a return on equity of 1,005.65% and a net margin of 21.60%.The firm had revenue of $3.11 billion during the quarter, compared to analysts’ expectations of $2.96 billion. During the same period in the previous year, the firm earned $1.90 earnings per share. The company’s revenue was up 44.1% on a year-over-year basis. Seagate Technology has set its Q4 2026 guidance at 4.800-5.200 EPS. Research analysts predict that Seagate Technology Holdings PLC will post 12.26 EPS for the current year.

Seagate Technology Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 7th. Shareholders of record on Wednesday, June 24th will be paid a $0.74 dividend. This represents a $2.96 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend is Wednesday, June 24th. Seagate Technology’s payout ratio is presently 33.48%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on STX shares. China Renaissance lifted their price objective on Seagate Technology from $325.00 to $452.00 and gave the stock a “buy” rating in a research note on Thursday, January 15th. Barclays lifted their price objective on Seagate Technology from $625.00 to $750.00 and gave the stock an “overweight” rating in a research note on Wednesday. Loop Capital lifted their price objective on Seagate Technology from $700.00 to $800.00 and gave the stock a “buy” rating in a research note on Thursday, April 23rd. JPMorgan Chase & Co. lifted their price objective on Seagate Technology from $525.00 to $775.00 and gave the stock an “overweight” rating in a research note on Wednesday. Finally, KeyCorp set a $500.00 price objective on Seagate Technology in a research note on Wednesday, January 28th. Twenty analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $696.63.

Key Stories Impacting Seagate Technology

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

• Positive Sentiment: Q3 beat and strong guidance — Seagate reported an EPS and revenue beat for the quarter (EPS $4.10; revenue ~$3.11B) and set FY guidance implying continued strength (Q4 EPS guidance around $4.80–$5.20), which drove the initial share re-rating. STX Q3 Earnings Beat
• Positive Sentiment: AI demand confirmation across peers — SanDisk and other storage vendors signaled strong enterprise/hyperscaler spending for AI storage, reinforcing the view that Seagate’s nearline/HDD products are in sustained demand. Sandisk Joins Western Digital, Seagate
• Positive Sentiment: Wall Street bullishness and multiple price-target raises — Numerous firms hiked targets and ratings after the quarter (notably Bernstein and Rosenblatt to $1,000, plus big increases from JPMorgan, Morgan Stanley, Cantor, etc.), which amplifies buying momentum and legitimizes a higher valuation. Bernstein Raises STX Target Rosenblatt $1,000 Target
• Positive Sentiment: New product lineup — Seagate refreshed storage products aimed at high‑resolution media and AI workflows, supporting revenue mix improvements and customer wallet share in AI infrastructure. Seagate Product Launch
• Positive Sentiment: Shareholder returns — Seagate declared a quarterly dividend ($0.74/share), a small but positive signal for income-focused holders and confidence in cash flow.
• Neutral Sentiment: Momentum trade context — April saw an outsized “HDD trade” and broad gains for memory/storage names; part of STX’s move is sector rotation and momentum rather than company-specific news alone. HDD Trade Momentum
• Negative Sentiment: Valuation and cycle risk — Analysts and commentators warn the stock now prices in a sustained hyperscaler capex cycle; buying at the peak of that cycle risks disappointment if AI capex slows. Expect higher multiple risk and sensitivity to future guidance/shipments. Valuation / Capex Cycle Risk

Seagate Technology 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.