Seagate Technology Holdings PLC $STX Shares Acquired by Kathmere Capital Management LLC

Kathmere Capital Management LLC increased its stake in shares of Seagate Technology Holdings PLC (NASDAQ:STX) by 47.6% during the 1st quarter, Holdings Channel.com reports. The fund owned 3,451 shares of the data storage provider’s stock after purchasing an additional 1,113 shares during the quarter. Kathmere Capital Management LLC’s holdings in Seagate Technology were worth $1,352,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of STX. Arrowstreet Capital Limited Partnership boosted its stake in Seagate Technology by 1,072.5% in the third quarter. Arrowstreet Capital Limited Partnership now owns 2,949,512 shares of the data storage provider’s stock valued at $696,262,000 after acquiring an additional 2,697,957 shares in the last quarter. Massachusetts Financial Services Co. MA increased its position in shares of Seagate Technology by 1,510.1% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 2,008,516 shares of the data storage provider’s stock worth $553,125,000 after purchasing an additional 1,883,769 shares in the last quarter. Norges Bank purchased a new stake in shares of Seagate Technology in the 4th quarter valued at about $498,363,000. Soroban Capital Partners LP lifted its holdings in shares of Seagate Technology by 1,468.1% in the 2nd quarter. Soroban Capital Partners LP now owns 1,417,600 shares of the data storage provider’s stock valued at $204,602,000 after purchasing an additional 1,327,197 shares during the last quarter. Finally, Deutsche Bank AG boosted its position in shares of Seagate Technology by 102.0% in the 4th quarter. Deutsche Bank AG now owns 1,599,962 shares of the data storage provider’s stock valued at $440,614,000 after purchasing an additional 807,962 shares during the period. 92.87% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Seagate Technology

In other news, CEO William D. Mosley sold 9,343 shares of the company’s stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $924.42, for a total transaction of $8,636,856.06. Following the transaction, the chief executive officer directly owned 311,517 shares of the company’s stock, valued at $287,972,545.14. This represents a 2.91% decrease in their position. The transaction 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, EVP Ban Seng Teh sold 989 shares of the stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $880.19, for a total transaction of $870,507.91. Following the completion of the transaction, the executive vice president owned 4,290 shares of the company’s stock, valued at $3,776,015.10. This represents a 18.73% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 151,069 shares of company stock valued at $126,191,753 over the last 90 days. Company insiders own 0.79% of the company’s stock.

Wall Street Analyst Weigh In

STX has been the topic of several research analyst reports. BNP Paribas Exane lifted their price target on Seagate Technology from $530.00 to $860.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 29th. Wedbush increased their price objective on Seagate Technology from $700.00 to $825.00 and gave the company an “outperform” rating in a report on Monday, April 27th. Morgan Stanley raised their target price on shares of Seagate Technology from $767.00 to $1,035.00 and gave the stock an “overweight” rating in a research report on Monday, June 15th. Mizuho lifted their target price on shares of Seagate Technology from $875.00 to $1,090.00 and gave the company an “outperform” rating in a report on Monday, June 8th. Finally, Citigroup upped their price target on shares of Seagate Technology from $740.00 to $1,150.00 and gave the company a “buy” rating in a research report on Tuesday, June 2nd. Twenty-one investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, Seagate Technology has an average rating of “Moderate Buy” and a consensus target price of $880.52.

Key Seagate Technology News

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

• Positive Sentiment: Bank of America raised its price target on Seagate Technology (STX) to $1,150 and kept a Buy rating, reinforcing bullish sentiment around the stock. Is Seagate (STX) the Best Pick and Shovel AI Stock to Invest In?
• Positive Sentiment: Melius Research initiated coverage of Seagate Technology with a Buy rating and a $1,600 price target, adding another bullish catalyst for the shares. Melius Research Initiates Coverage of Seagate Technology (STX)
• Positive Sentiment: Analysts and market commentators say memory and storage stocks are rebounding on improving pricing trends and sustained AI demand, which is lifting Seagate along with peers. Memory stocks rebound as analysts flag a buying opportunity
• Positive Sentiment: Seagate was highlighted as a top growth pick for July and as a beneficiary of demand for integrated technology solutions, supporting the stock’s upside narrative. 4 Stocks to Buy From a Prospering Technology Solutions Industry
• Neutral Sentiment: Seagate continues to receive broadly favorable broker sentiment, with consensus ratings pointing to a “Moderate Buy.” Seagate Technology Holdings PLC Receives Consensus Recommendation of “Moderate Buy”
• Neutral Sentiment: The company’s strong quarterly results and raised guidance remain a supportive backdrop, but they are already well known to investors and are mostly serving to reinforce the bullish setup. Seagate Technology earnings report

Seagate Technology Stock Performance

STX traded down $64.66 during trading on Tuesday, reaching $803.60. The company’s stock had a trading volume of 1,140,094 shares, compared to its average volume of 4,215,271. The company has a debt-to-equity ratio of 3.16, a quick ratio of 0.85 and a current ratio of 1.33. The company’s fifty day moving average price is $858.93 and its 200-day moving average price is $556.28. Seagate Technology Holdings PLC has a 52-week low of $138.30 and a 52-week high of $1,145.00. The company has a market capitalization of $180.19 billion, a price-to-earnings ratio of 76.27 and a beta of 2.04.

Seagate Technology (NASDAQ:STX) last posted its quarterly earnings results on Tuesday, April 28th. The data storage provider reported $4.10 EPS for the quarter, beating the consensus estimate 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 business had revenue of $3.11 billion during the quarter, compared to analysts’ expectations of $2.96 billion. During the same period last year, the firm earned $1.90 EPS. The company’s quarterly revenue was up 44.1% compared to the same quarter last year. Seagate Technology has set its Q4 2026 guidance at 4.800-5.200 EPS. On average, equities analysts forecast that Seagate Technology Holdings PLC will post 14.14 earnings per share for the current fiscal year.

Seagate Technology Announces Dividend

The business also recently announced 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. This represents a $2.96 annualized dividend and a dividend yield of 0.4%. The ex-dividend date is Wednesday, June 24th. Seagate Technology’s payout ratio is presently 28.08%.

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.