US Bancorp DE Has $11.06 Million Stock Position in Seagate Technology Holdings PLC $STX

US Bancorp DE lifted its position in shares of Seagate Technology Holdings PLC (NASDAQ:STX) by 2.7% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 40,153 shares of the data storage provider’s stock after buying an additional 1,073 shares during the quarter. US Bancorp DE’s holdings in Seagate Technology were worth $11,058,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. WCM Investment Management LLC acquired a new position in Seagate Technology in the third quarter valued at about $1,187,621,000. Arrowstreet Capital Limited Partnership raised 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 purchasing an additional 2,697,957 shares in the last quarter. Massachusetts Financial Services Co. MA raised its stake in Seagate Technology by 1,510.1% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 2,008,516 shares of the data storage provider’s stock valued at $553,125,000 after purchasing an additional 1,883,769 shares in the last quarter. Soroban Capital Partners LP raised its stake in Seagate Technology by 1,468.1% in the second 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 in the last quarter. Finally, Trivest Advisors Ltd acquired a new position in Seagate Technology in the third quarter valued at about $170,435,000. Institutional investors and hedge funds own 92.87% of the company’s stock.

More Seagate Technology News

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

• Positive Sentiment: Q3 earnings beat and AI-driven guidance—Seagate reported a big EPS/revenue beat and raised forward outlook, which investors interpret as confirmation that AI data-center spending is lifting demand for high-performance HDD and enterprise storage. Seagate stock surges after Q3 earnings — why the rally may continue
• Positive Sentiment: Large price-target upgrades—Sanford C. Bernstein lifted its PT to $1,000 (outperform) and Argus bumped its PT to $750 (buy), signaling strong sell‑side conviction that STX will benefit from the AI capex cycle. Bernstein adjusts Seagate price target to $1,000 Argus raises Seagate PT to $750
• Positive Sentiment: Industry confirmation of AI storage demand—Peers (Sandisk, Western Digital) and multiple analyst notes say Big Tech will spend heavily on AI infrastructure through 2026, boosting demand for storage components. That macro tailwind is central to the bullish thesis for STX. Sandisk joins Western Digital, Seagate in signaling strong AI storage demand
• Positive Sentiment: High-profile endorsements and coverage—Jim Cramer and multiple analyst blogs are spotlighting Seagate as a direct beneficiary of constrained supply vs. booming demand for AI storage, attracting retail and institutional attention. Jim Cramer Says “Seagate’s Been a Horse for Ages Now”
• Neutral Sentiment: Company product/service news—Seagate refreshed storage product lines aimed at high-resolution media and AI workflows, reinforcing the growth story but not an immediate earnings surprise. Seagate launches refreshed storage lineup
• Neutral Sentiment: Sector volatility—After Seagate-led rallies, peers have shown volatile post-earnings trading (e.g., Sandisk/WDC slipped despite strong forecasts), highlighting event-driven swings even as structural demand remains. Red-Hot AI Stock Western Digital Slides Late Despite Earnings Beat
• Neutral Sentiment: Media/attention items—Stories on “AI tokens” and pieces asking whether it’s too late to buy reflect heightened retail interest and sentiment momentum, which can amplify moves but add noise. Seagate stock has everyone talking about AI tokens Is It Too Late To Consider Seagate After Its Recent AI Storage-Fueled Surge?
• Negative Sentiment: Valuation and cycle risk—Analyst commentaries warn Seagate may be trading at peak earnings multiples tied to a hyperscaler capex cycle that could slow after FY26/FY27; that raises downside risk if AI capex moderates. Seagate: The Biggest Risk Is Buying At The Top Of The Industry Capex Cycle

Insider Activity

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 transaction of $2,434,742.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible 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 stock was sold at an average price of $406.77, for a total value of $10,000,033.68. Following 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 position. The SEC filing for this sale provides additional information. In the last three months, insiders have 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 7.9%

Shares of NASDAQ STX opened at $726.93 on Friday. The company has a current ratio of 1.33, a quick ratio of 0.72 and a debt-to-equity ratio of 3.16. The company has a market cap of $163.00 billion, a price-to-earnings ratio of 68.97, a PEG ratio of 1.17 and a beta of 1.98. Seagate Technology Holdings PLC has a 12 month low of $91.29 and a 12 month high of $728.00. The stock has a 50-day moving average price of $454.23 and a two-hundred day moving average price of $357.02.

Seagate Technology (NASDAQ:STX) last issued its earnings results on Tuesday, April 28th. The data storage provider reported $4.10 EPS for the quarter, topping the consensus estimate of $3.51 by $0.59. The firm had revenue of $3.11 billion during the quarter, compared to the consensus estimate of $2.96 billion. Seagate Technology had a return on equity of 1,005.65% and a net margin of 21.60%.The business’s quarterly revenue was up 44.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.90 earnings per share. Seagate Technology has set its Q4 2026 guidance at 4.800-5.200 EPS. As a group, analysts forecast that Seagate Technology Holdings PLC will post 14.1 earnings per share for the current fiscal year.

Seagate Technology Dividend Announcement

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 dividend of $0.74 per share. The ex-dividend date of this dividend is Wednesday, June 24th. This represents a $2.96 annualized dividend and a yield of 0.4%. Seagate Technology’s payout ratio is presently 28.08%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on STX shares. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Seagate Technology in a research note on Friday, March 27th. The Goldman Sachs Group boosted their price target on Seagate Technology from $385.00 to $700.00 and gave the company a “buy” rating in a research note on Wednesday. Wells Fargo & Company boosted their price target on Seagate Technology from $450.00 to $700.00 and gave the company an “equal weight” rating in a research note on Wednesday. Morgan Stanley boosted their price target on Seagate Technology from $582.00 to $767.00 and gave the company an “overweight” rating in a research note on Wednesday. Finally, Bank of America boosted their price target on Seagate Technology from $700.00 to $840.00 and gave the company a “buy” rating in a research note on Monday, April 27th. Twenty equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, Seagate Technology currently has an average rating of “Moderate Buy” and an average target price of $709.13.

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.