North Dallas Bank & Trust Co. Purchases New Position in Seagate Technology Holdings PLC $STX

North Dallas Bank & Trust Co. purchased a new stake in Seagate Technology Holdings PLC (NASDAQ:STX) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 853 shares of the data storage provider’s stock, valued at approximately $235,000.

Other large investors have also made changes to their positions in the company. PFA Pension Forsikringsaktieselskab bought a new stake in Seagate Technology during the fourth quarter worth approximately $23,882,000. New York State Teachers Retirement System boosted its position in Seagate Technology by 5.0% during the fourth quarter. New York State Teachers Retirement System now owns 187,044 shares of the data storage provider’s stock worth $51,510,000 after purchasing an additional 8,991 shares during the period. Sumitomo Mitsui Trust Group Inc. boosted its position in Seagate Technology by 1.2% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 518,806 shares of the data storage provider’s stock worth $142,874,000 after purchasing an additional 6,028 shares during the period. Praxis Investment Management Inc. boosted its position in Seagate Technology by 56.5% during the fourth quarter. Praxis Investment Management Inc. now owns 6,615 shares of the data storage provider’s stock worth $1,822,000 after purchasing an additional 2,389 shares during the period. Finally, Keystone Investors PTE Ltd. boosted its position in Seagate Technology by 55.7% during the third quarter. Keystone Investors PTE Ltd. now owns 50,321 shares of the data storage provider’s stock worth $11,879,000 after purchasing an additional 18,000 shares during the period. Institutional investors own 92.87% of the company’s stock.

Seagate Technology News Summary

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

• Positive Sentiment: Bank of America raised its price target on Seagate Technology to $1,000 from $900, signaling continued upside potential and reinforcing a constructive view on the shares.
• Positive Sentiment: Mizuho also boosted its target on Seagate to $1,090 from $875 and kept an outperform rating, citing favorable demand trends tied to data centers and AI-driven memory/storage demand.
• Positive Sentiment: Citi remained bullish on Seagate Technology, adding to the recent wave of favorable analyst sentiment around the company.
• Positive Sentiment: Recent coverage on AI demand suggests tightening supply across storage names, which supports the investment case for Seagate and other memory/storage suppliers.
• Neutral Sentiment: Short interest data showed no reported short interest as of June 9, so this update does not appear to be a meaningful stock catalyst.
• Negative Sentiment: Shares fell along with other semiconductor stocks after a geopolitical incident in the Strait of Hormuz weakened the broader risk backdrop and weighed on the sector.

Seagate Technology Stock Down 3.5%

STX opened at $846.01 on Wednesday. Seagate Technology Holdings PLC has a 1-year low of $124.63 and a 1-year high of $966.80. The company has a current ratio of 1.33, a quick ratio of 0.85 and a debt-to-equity ratio of 3.16. The stock has a market capitalization of $189.70 billion, a price-to-earnings ratio of 80.27 and a beta of 2.04. The business has a 50 day moving average of $680.78 and a 200-day moving average of $464.11.

Seagate Technology (NASDAQ:STX) last issued its 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 revenue was up 44.1% on a year-over-year basis. During the same period in the prior year, the company posted $1.90 earnings per share. Seagate Technology has set its Q4 2026 guidance at 4.800-5.200 EPS. As a group, sell-side analysts anticipate that Seagate Technology Holdings PLC will post 14.1 earnings per share for the current year.

Seagate Technology Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 7th. Investors 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 dividend yield of 0.3%. The ex-dividend date is Wednesday, June 24th. Seagate Technology’s dividend payout ratio is presently 28.08%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on STX shares. UBS Group upped their target price on Seagate Technology from $515.00 to $545.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 29th. TD Cowen increased their price objective on Seagate Technology from $500.00 to $850.00 and gave the company a “buy” rating in a research report on Wednesday, April 29th. Citigroup increased their price objective on Seagate Technology from $740.00 to $1,150.00 and gave the company a “buy” rating in a research report on Tuesday, June 2nd. Morgan Stanley increased their price objective on Seagate Technology from $582.00 to $767.00 and gave the company an “overweight” rating in a research report on Wednesday, April 29th. Finally, Bank of America increased their price objective on Seagate Technology from $900.00 to $1,000.00 in a research report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, Seagate Technology has a consensus rating of “Moderate Buy” and a consensus target price of $792.46.

Insider Transactions at Seagate Technology

In related news, EVP Ban Seng Teh sold 8,003 shares of the company’s stock in a transaction on Thursday, May 14th. The stock was sold at an average price of $817.28, for a total value of $6,540,691.84. Following the completion of the transaction, the executive vice president directly owned 3,691 shares in the company, valued at approximately $3,016,580.48. This represents a 68.44% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Gianluca Romano sold 22,488 shares of the company’s stock in a transaction on Wednesday, May 6th. The shares were sold at an average price of $774.22, for a total value of $17,410,659.36. Following the completion of the transaction, the chief financial officer owned 42,847 shares of the company’s stock, valued at $33,173,004.34. The trade was a 34.42% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 155,187 shares of company stock valued at $108,267,701. Company insiders own 0.79% of the company’s stock.

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.