Citizens Financial Group Inc. RI Has $1.18 Million Holdings in Seagate Technology Holdings PLC $STX

Citizens Financial Group Inc. RI lifted its stake in Seagate Technology Holdings PLC (NASDAQ:STX) by 60.0% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 4,279 shares of the data storage provider’s stock after buying an additional 1,605 shares during the quarter. Citizens Financial Group Inc. RI’s holdings in Seagate Technology were worth $1,178,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. New York State Teachers Retirement System increased its holdings in Seagate Technology by 5.0% during the 4th quarter. New York State Teachers Retirement System now owns 187,044 shares of the data storage provider’s stock valued at $51,510,000 after purchasing an additional 8,991 shares in the last quarter. US Bancorp DE increased its holdings in Seagate Technology by 2.7% during the 4th quarter. US Bancorp DE now owns 40,153 shares of the data storage provider’s stock valued at $11,058,000 after purchasing an additional 1,073 shares in the last quarter. Interchange Capital Partners LLC acquired a new stake in Seagate Technology during the 4th quarter valued at $235,000. Oakworth Capital Inc. increased its holdings in Seagate Technology by 158.5% during the 4th quarter. Oakworth Capital Inc. now owns 1,034 shares of the data storage provider’s stock valued at $285,000 after purchasing an additional 634 shares in the last quarter. Finally, Wealthfront Advisers LLC increased its holdings in Seagate Technology by 6.9% during the 4th quarter. Wealthfront Advisers LLC now owns 44,451 shares of the data storage provider’s stock valued at $12,241,000 after purchasing an additional 2,870 shares in the last quarter. 92.87% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Seagate Technology news, EVP Kian Fatt Chong sold 5,846 shares of the stock in a transaction on Monday, February 23rd. The stock was sold at an average price of $416.48, for a total value of $2,434,742.08. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO William D. Mosley sold 24,584 shares of the stock in a transaction on 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 owned 375,591 shares in the company, valued at $152,779,151.07. The trade was a 6.14% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 70,430 shares of company stock worth $28,544,576 over the last quarter. Corporate insiders own 0.79% of the company’s stock.

Seagate Technology Price Performance

Shares of STX opened at $726.93 on Monday. The firm has a market capitalization of $163.00 billion, a price-to-earnings ratio of 68.97 and a beta of 1.98. 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 business’s fifty day moving average price is $454.23 and its two-hundred day moving average price is $358.04. Seagate Technology Holdings PLC has a 52 week low of $91.29 and a 52 week high of $728.00.

Seagate Technology (NASDAQ:STX) last announced its quarterly earnings data 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 firm had revenue of $3.11 billion for 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%.The business’s quarterly revenue was up 44.1% compared to the same quarter last year. During the same period last year, the company earned $1.90 EPS. Seagate Technology has set its Q4 2026 guidance at 4.800-5.200 EPS. On average, analysts predict that Seagate Technology Holdings PLC will post 14.1 earnings per share for the current year.

Seagate Technology Dividend Announcement

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

Analyst Ratings Changes

STX has been the subject of a number of recent analyst reports. Mizuho raised their price target on Seagate Technology from $565.00 to $700.00 and gave the company an “outperform” rating in a report on Wednesday, April 29th. KeyCorp set a $500.00 price target on Seagate Technology in a report on Wednesday, January 28th. Wedbush raised their price target on Seagate Technology from $700.00 to $825.00 and gave the company an “outperform” rating in a report on Monday, April 27th. Wall Street Zen raised Seagate Technology from a “hold” rating to a “buy” rating in a report on Saturday. Finally, Cantor Fitzgerald raised their price target on Seagate Technology from $700.00 to $1,000.00 and gave the company an “overweight” rating in a report on Wednesday, April 29th. Twenty investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $709.13.

Key Headlines Impacting Seagate Technology

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

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.