State of New Jersey Common Pension Fund D Grows Position in Seagate Technology Holdings PLC $STX

State of New Jersey Common Pension Fund D boosted its stake in shares of Seagate Technology Holdings PLC (NASDAQ:STX) by 7.7% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 74,406 shares of the data storage provider’s stock after acquiring an additional 5,294 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Seagate Technology were worth $17,564,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of STX. State Street Corp increased its holdings in shares of Seagate Technology by 5.0% in the second quarter. State Street Corp now owns 9,001,365 shares of the data storage provider’s stock worth $1,305,499,000 after purchasing an additional 432,455 shares during the last quarter. WCM Investment Management LLC bought a new position in Seagate Technology during the third quarter valued at approximately $1,187,621,000. Geode Capital Management LLC grew its holdings in Seagate Technology by 1.9% during the 2nd 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 in the last quarter. Soroban Capital Partners LP raised its holdings in shares of Seagate Technology by 1,468.1% during the 2nd quarter. Soroban Capital Partners LP now owns 1,417,600 shares of the data storage provider’s stock worth $204,602,000 after acquiring an additional 1,327,197 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Seagate Technology by 1.5% during the 2nd 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 during the last quarter. 92.87% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, CEO William D. Mosley sold 20,000 shares of Seagate Technology stock in a transaction that occurred on Friday, January 2nd. The shares were sold at an average price of $285.56, for a total transaction of $5,711,200.00. Following the completion of the sale, the chief executive officer owned 429,895 shares of the company’s stock, valued at approximately $122,760,816.20. The trade was a 4.45% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP James Ci Lee sold 673 shares of the business’s stock in a transaction that occurred on Monday, January 26th. The shares were sold at an average price of $348.85, for a total value of $234,776.05. Following the completion of the sale, the executive vice president owned 257 shares of the company’s stock, valued at $89,654.45. The trade was a 72.37% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 83,955 shares of company stock worth $29,925,749. 0.79% of the stock is owned by company insiders.

Analysts Set New Price Targets

STX has been the topic of several research reports. Argus boosted their price target on shares of Seagate Technology from $300.00 to $450.00 and gave the stock a “buy” rating in a research report on Thursday, January 29th. Evercore upped their target price on shares of Seagate Technology from $330.00 to $450.00 and gave the company an “outperform” rating in a research report on Wednesday, January 28th. Bank of America increased their price target on shares of Seagate Technology from $320.00 to $400.00 and gave the company a “buy” rating in a report on Tuesday, January 20th. TD Cowen boosted their price objective on Seagate Technology from $340.00 to $500.00 and gave the stock a “buy” rating in a research note on Wednesday, January 28th. Finally, Benchmark raised their price objective on Seagate Technology from $255.00 to $325.00 and gave the company a “buy” rating in a research note on Tuesday, December 16th. Eighteen research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, Seagate Technology has an average rating of “Moderate Buy” and a consensus price target of $444.09.

Seagate Technology Stock Performance

Shares of Seagate Technology stock opened at $425.99 on Tuesday. The company has a quick ratio of 0.72, a current ratio of 1.12 and a debt-to-equity ratio of 7.63. The stock’s fifty day moving average is $338.27 and its two-hundred day moving average is $260.72. Seagate Technology Holdings PLC has a 52 week low of $63.19 and a 52 week high of $459.84. The company has a market capitalization of $92.90 billion, a PE ratio of 48.19, a price-to-earnings-growth ratio of 0.95 and a beta of 1.62.

Seagate Technology (NASDAQ:STX) last released its earnings results on Tuesday, January 27th. The data storage provider reported $3.11 earnings per share for the quarter, topping the consensus estimate of $2.77 by $0.34. The business had revenue of $2.83 billion during the quarter, compared to the consensus estimate of $2.73 billion. Seagate Technology had a negative return on equity of 936.38% and a net margin of 19.59%.The business’s revenue for the quarter was up 21.5% compared to the same quarter last year. During the same period last year, the company earned $2.03 earnings per share. Seagate Technology has set its Q3 2026 guidance at 3.200-3.600 EPS. As a group, analysts expect that Seagate Technology Holdings PLC will post 6.83 earnings per share for the current year.

Seagate Technology Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 8th. Shareholders of record on Wednesday, March 25th will be paid a $0.74 dividend. This represents a $2.96 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Wednesday, March 25th. Seagate Technology’s dividend payout ratio is currently 33.48%.

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.