Meitav Investment House Ltd. Acquires New Position in Seagate Technology Holdings PLC $STX

Meitav Investment House Ltd. acquired a new stake in shares of Seagate Technology Holdings PLC (NASDAQ:STX) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 11,124 shares of the data storage provider’s stock, valued at approximately $2,626,000.

A number of other institutional investors also recently modified their holdings of the business. State Street Corp raised its holdings in Seagate Technology by 5.0% during the 2nd quarter. State Street Corp now owns 9,001,365 shares of the data storage provider’s stock valued at $1,305,499,000 after acquiring an additional 432,455 shares during the period. Geode Capital Management LLC increased its position in shares of Seagate Technology by 1.9% during the second quarter. Geode Capital Management LLC now owns 4,567,181 shares of the data storage provider’s stock valued at $656,066,000 after buying an additional 85,660 shares during the period. Soroban Capital Partners LP boosted its position in shares of 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 acquiring an additional 1,327,197 shares during the period. Charles Schwab Investment Management Inc. grew its stake in Seagate Technology by 1.5% during the second quarter. Charles Schwab Investment Management Inc. now owns 1,386,524 shares of the data storage provider’s stock valued at $200,117,000 after acquiring an additional 20,618 shares in the last quarter. Finally, Norges Bank bought a new stake in Seagate Technology during the 2nd quarter worth approximately $197,027,000. 92.87% of the stock is currently owned by hedge funds and other institutional investors.

Seagate Technology News Roundup

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

• Positive Sentiment: China Renaissance raised its price target to $452 and maintained a “buy” rating — a large upside (~41% from recent levels) that supports further upside expectations for STX. China Renaissance raises PT to $452
• Positive Sentiment: Barclays bumped its target to $370 and kept an “equal weight” rating — another notable upgrade that adds institutional validation to the stock’s rally. Barclays raises PT to $370
• Positive Sentiment: Wells Fargo raised its target to $360 (still “equal weight”), signaling broader analyst re‑rating of Seagate amid stronger end‑market demand expectations. Wells Fargo raises PT to $360
• Positive Sentiment: Media coverage and analyst commentary point to an AI‑driven memory/mass‑storage rally benefiting STX and peers — Susquehanna and others highlighted the sector strength on a recent segment. STX & WDC Gain Analyst Support Amid Surging Memory Chip Rally
• Neutral Sentiment: A Zacks piece lists Seagate among technology solutions beneficiaries (multi‑cloud and integrated systems demand) — supportive context but not company‑specific new data. 4 Stocks to Watch From a Prospering Technology Solutions Industry
• Neutral Sentiment: Susquehanna formally moved Seagate from “negative” to “neutral” with a $280 target — an upgrade in tone but a target below current market levels, creating a mixed signal for investors. Susquehanna moves STX to neutral, PT $280
• Negative Sentiment: Insider activity: EVP Ban Seng Teh sold 1,412 shares (~$299 avg), trimming his stake. Insider sales can weigh on sentiment even if not large relative to holdings. SEC Form 4: Ban Seng Teh sale

Seagate Technology Trading Up 1.8%

Shares of NASDAQ STX opened at $326.23 on Friday. The stock’s 50-day moving average is $283.10 and its 200 day moving average is $223.37. The stock has a market cap of $69.67 billion, a price-to-earnings ratio of 41.88, a P/E/G ratio of 1.28 and a beta of 1.60. Seagate Technology Holdings PLC has a 1-year low of $63.19 and a 1-year high of $335.02.

Seagate Technology Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 9th. Stockholders of record on Wednesday, December 24th were paid a $0.74 dividend. This is a positive change from Seagate Technology’s previous quarterly dividend of $0.72. The ex-dividend date of this dividend was Wednesday, December 24th. This represents a $2.96 dividend on an annualized basis and a dividend yield of 0.9%. Seagate Technology’s dividend payout ratio is currently 38.00%.

Insider Buying and Selling

In other Seagate Technology news, Director Yolanda Lee Conyers sold 750 shares of the company’s stock in a transaction dated Tuesday, December 2nd. The shares were sold at an average price of $272.91, for a total transaction of $204,682.50. Following the completion of the sale, the director directly owned 5,601 shares in the company, valued at $1,528,568.91. This represents a 11.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Ban Seng Teh sold 1,412 shares of the firm’s stock in a transaction dated Monday, January 12th. The shares were sold at an average price of $299.31, for a total value of $422,625.72. Following the transaction, the executive vice president directly owned 13,693 shares in the company, valued at $4,098,451.83. This trade represents a 9.35% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 132,557 shares of company stock worth $36,847,793 in the last ninety days. 0.79% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

STX has been the subject of several analyst reports. Wells Fargo & Company raised their price target on shares of Seagate Technology from $250.00 to $360.00 and gave the company an “equal weight” rating in a report on Thursday. Weiss Ratings restated a “buy (b)” rating on shares of Seagate Technology in a research report on Monday, December 29th. Evercore ISI upped their target price on Seagate Technology from $160.00 to $330.00 and gave the stock an “outperform” rating in a research note on Monday, October 13th. Fox Advisors lifted their price target on Seagate Technology from $245.00 to $270.00 in a research report on Wednesday, October 29th. Finally, Robert W. Baird upped their price objective on shares of Seagate Technology from $188.00 to $270.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 29th. Two analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $320.39.

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.