KLP Kapitalforvaltning AS Has $21.79 Million Holdings in Seagate Technology Holdings PLC $STX

KLP Kapitalforvaltning AS lifted its holdings in Seagate Technology Holdings PLC (NASDAQ:STX) by 2.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 78,895 shares of the data storage provider’s stock after acquiring an additional 2,200 shares during the quarter. KLP Kapitalforvaltning AS’s holdings in Seagate Technology were worth $21,785,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Vanguard Group Inc. boosted its holdings in shares of Seagate Technology by 1.6% in the 3rd quarter. Vanguard Group Inc. now owns 28,140,287 shares of the data storage provider’s stock worth $6,642,796,000 after acquiring an additional 442,749 shares in the last quarter. State Street Corp boosted its holdings in shares of Seagate Technology by 3.1% in the 3rd quarter. State Street Corp now owns 9,276,278 shares of the data storage provider’s stock worth $2,196,420,000 after acquiring an additional 274,913 shares in the last quarter. WCM Investment Management LLC acquired a new position in shares of Seagate Technology in the 3rd quarter worth approximately $1,187,621,000. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Seagate Technology by 1,072.5% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 2,949,512 shares of the data storage provider’s stock worth $696,262,000 after acquiring an additional 2,697,957 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its holdings in shares of Seagate Technology by 1,510.1% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 2,008,516 shares of the data storage provider’s stock worth $553,125,000 after acquiring an additional 1,883,769 shares in the last quarter. 92.87% of the stock is owned by institutional investors and hedge funds.

Seagate Technology Stock Performance

Shares of Seagate Technology stock opened at $579.88 on Thursday. The firm has a fifty day moving average of $431.56 and a two-hundred day moving average of $340.81. The stock has a market capitalization of $126.46 billion, a price-to-earnings ratio of 65.60, a PEG ratio of 0.93 and a beta of 1.61. Seagate Technology Holdings PLC has a 52 week low of $77.56 and a 52 week high of $586.00. The company has a debt-to-equity ratio of 7.63, a quick ratio of 0.72 and a current ratio of 1.12.

Seagate Technology (NASDAQ:STX) last issued its earnings results on Tuesday, January 27th. The data storage provider reported $3.11 EPS for the quarter, beating the consensus estimate of $2.77 by $0.34. The company had revenue of $2.83 billion during the quarter, compared to analysts’ expectations of $2.73 billion. Seagate Technology had a net margin of 19.59% and a negative return on equity of 936.38%. The business’s revenue for the quarter was up 21.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.03 EPS. Seagate Technology has set its Q3 2026 guidance at 3.200-3.600 EPS. As a group, equities research analysts predict that Seagate Technology Holdings PLC will post 12.13 EPS for the current year.

Seagate Technology Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 8th. Shareholders of record on Wednesday, March 25th were given a dividend of $0.74 per share. The ex-dividend date was Wednesday, March 25th. This represents a $2.96 annualized dividend and a dividend yield of 0.5%. Seagate Technology’s payout ratio is presently 33.48%.

Insider Activity at Seagate Technology

In other Seagate Technology news, EVP James Ci Lee sold 673 shares of the company’s stock in a transaction on Monday, January 26th. The shares were sold at an average price of $348.85, for a total transaction of $234,776.05. Following the completion of the sale, the executive vice president owned 257 shares in the company, valued at approximately $89,654.45. The trade was a 72.37% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Jay L. Geldmacher sold 925 shares of the company’s stock in a transaction on Friday, January 30th. The shares were sold at an average price of $448.02, for a total transaction of $414,418.50. Following the sale, the director owned 223 shares of the company’s stock, valued at $99,908.46. The trade was a 80.57% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 112,223 shares of company stock worth $46,711,217. 0.79% of the stock is owned by company insiders.

Key Headlines Impacting Seagate Technology

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

• Positive Sentiment: Big analyst upgrade and higher price target from Barclays — Barclays moved STX to Overweight (buy) and lifted its price target to $625, signaling more upside tied to the HDD/AI cycle. Barclays Just Lifted Seagate Price Target From $425 to $625
• Positive Sentiment: Additional bullish analyst moves — Bank of America and other brokers raised price targets and coverage consensus has moved toward a “moderate buy,” adding upward momentum. Seagate Receives Average Recommendation of “Moderate Buy” from Brokerages
• Positive Sentiment: Fundamentals and AI demand — Recent commentary and reports point to strong AI-driven storage demand and revenue/earnings upside (recent quarters showed double‑digit revenue growth), underpinning the rally to record highs. Seagate Stock Upgraded To Buy Rating. Here’s Why There Is ‘Another Leg’ To AI-Fueled Rally.
• Neutral Sentiment: Momentum and market coverage — Multiple market outlets (Zacks, MSN, Benzinga) are highlighting STX as a top momentum/growth stock, which can extend runs but also attracts short-term traders. Here’s Why Seagate (STX) is a Strong Growth Stock
• Neutral Sentiment: Upcoming earnings and guidance scrutiny — Wall Street expects further earnings growth and Seagate has near-term guidance that investors will parse closely; beats could reinforce the rally, misses could reverse it. Seagate (STX) Reports Next Week: Wall Street Expects Earnings Growth
• Negative Sentiment: Valuation and balance-sheet risks — Commentators warn the stock is richly valued after a multi-hundred-percent run; Seagate’s high debt-to-equity ratio and atypical ROE metrics are risk factors if demand or pricing softens. Is Western Digital Stock a Buy, Sell, or Hold After Hitting a 52-Week High?
• Negative Sentiment: Mixed analyst signals — Some firms (UBS noted in recent coverage) remain neutral or show less upside, leaving the path dependent on execution and AI capacity demand sustaining high growth. Benzinga coverage (UBS price-target mention)

Analysts Set New Price Targets

STX has been the topic of several research reports. BNP Paribas Exane upped their price objective on Seagate Technology from $430.00 to $530.00 and gave the stock an “outperform” rating in a report on Wednesday, February 4th. KeyCorp set a $500.00 price objective on Seagate Technology in a report on Wednesday, January 28th. The Goldman Sachs Group upped their price objective on Seagate Technology from $310.00 to $385.00 and gave the stock a “buy” rating in a report on Wednesday, January 28th. Jefferies Financial Group reaffirmed a “hold” rating on shares of Seagate Technology in a report on Wednesday, February 4th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Seagate Technology in a report on Friday, March 27th. Twenty research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $514.13.

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.