Versor Investments LP Makes New Investment in Seagate Technology Holdings PLC $STX

Versor Investments LP purchased a new position in shares of Seagate Technology Holdings PLC (NASDAQ:STX) in the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 2,146 shares of the data storage provider’s stock, valued at approximately $591,000.

Several other hedge funds have also recently added to or reduced their stakes in STX. Salomon & Ludwin LLC lifted its stake in Seagate Technology by 124.4% during the fourth quarter. Salomon & Ludwin LLC now owns 92 shares of the data storage provider’s stock worth $27,000 after purchasing an additional 51 shares during the last quarter. Rakuten Securities Inc. lifted its stake in Seagate Technology by 884.2% during the second quarter. Rakuten Securities Inc. now owns 187 shares of the data storage provider’s stock worth $27,000 after purchasing an additional 168 shares during the last quarter. Armstrong Advisory Group Inc. bought a new stake in Seagate Technology during the fourth quarter worth about $28,000. Avion Wealth lifted its stake in Seagate Technology by 343.5% during the fourth quarter. Avion Wealth now owns 102 shares of the data storage provider’s stock worth $28,000 after purchasing an additional 79 shares during the last quarter. Finally, Concord Wealth Partners bought a new stake in Seagate Technology during the fourth quarter worth about $28,000. Institutional investors own 92.87% of the company’s stock.

Insider Buying and Selling at Seagate Technology

In other Seagate Technology news, EVP Kian Fatt Chong sold 5,846 shares of the company’s stock in a transaction that occurred on Monday, February 23rd. The stock was sold at an average price of $416.48, for a total transaction of $2,434,742.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP John Christopher Morris sold 5,626 shares of the stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $738.37, for a total value of $4,154,069.62. Following the completion of the transaction, the executive vice president directly owned 11,954 shares of the company’s stock, valued at $8,826,474.98. This represents a 32.00% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 102,723 shares of company stock worth $53,301,684 over the last three months. 0.79% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on STX shares. Wells Fargo & Company boosted their target price on Seagate Technology from $450.00 to $700.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 29th. KeyCorp set a $500.00 target price on Seagate Technology in a research note on Wednesday, January 28th. Morgan Stanley boosted their target price on Seagate Technology from $582.00 to $767.00 and gave the company an “overweight” rating in a research note on Wednesday, April 29th. Cantor Fitzgerald boosted their target price on Seagate Technology from $700.00 to $1,000.00 and gave the company an “overweight” rating in a research note on Wednesday, April 29th. Finally, Citigroup boosted their target price on Seagate Technology from $595.00 to $740.00 and gave the company a “buy” rating in a research note on Wednesday, April 29th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $719.54.

Key Seagate Technology News

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

• Positive Sentiment: Evercore raised its price target on Seagate Technology Holdings PLC (STX) to $1,000 and reiterated an outperform rating, signaling additional upside after an investor meeting focused on HAMR growth and AI-related storage demand. Seagate gets new $1,000 price target at Evercore after investor meeting
• Positive Sentiment: Another Evercore note also lifted the target to $1,000, highlighting HAMR technology as a key growth driver and reinforcing the bullish view on Seagate’s earnings power. Evercore ISI raises its Seagate stock price target to $1,000. HAMR technology growth is the major trigger
• Positive Sentiment: Seagate’s strong fiscal Q3 results and rising AI infrastructure optimism continue to support the stock, with reports noting record margins and about $1 billion in free cash flow. A Look At Seagate Technology Holdings (STX) Valuation After Strong Q3 Results And Growing AI Infrastructure Optimism
• Neutral Sentiment: Several articles highlighted Seagate’s long-term stock performance and market-cap growth, reflecting strong investor momentum but not adding new operating news. If You Invested $1000 In Seagate Technology Hldgs Stock 20 Years Ago, You Would Have This Much Today

Seagate Technology Trading Up 1.1%

STX opened at $817.35 on Thursday. The business has a 50 day simple moving average of $508.89 and a two-hundred day simple moving average of $386.39. The firm has a market capitalization of $183.27 billion, a price-to-earnings ratio of 77.55 and a beta of 1.98. The company has a debt-to-equity ratio of 3.16, a current ratio of 1.33 and a quick ratio of 0.85. Seagate Technology Holdings PLC has a one year low of $103.73 and a one year high of $841.31.

Seagate Technology (NASDAQ:STX) last released its quarterly earnings results on Tuesday, April 28th. The data storage provider reported $4.10 EPS for the quarter, beating analysts’ consensus estimates of $3.51 by $0.59. The business had revenue of $3.11 billion during the quarter, compared to analyst estimates of $2.96 billion. Seagate Technology had a return on equity of 1,005.65% and a net margin of 21.60%.Seagate Technology’s quarterly revenue was up 44.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.90 EPS. Seagate Technology has set its Q4 2026 guidance at 4.800-5.200 EPS. Analysts predict that Seagate Technology Holdings PLC will post 14.1 EPS for the current year.

Seagate Technology Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 7th. Shareholders of record on Wednesday, June 24th will be given a dividend of $0.74 per share. The ex-dividend date of this dividend is Wednesday, June 24th. This represents a $2.96 dividend on an annualized basis and a yield of 0.4%. Seagate Technology’s dividend payout ratio is presently 28.08%.

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.