Seagate Technology Holdings PLC $STX Shares Purchased by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans boosted its holdings in Seagate Technology Holdings PLC (NASDAQ:STX) by 42.5% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 13,842 shares of the data storage provider’s stock after buying an additional 4,131 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Seagate Technology were worth $3,817,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in STX. WCM Investment Management LLC purchased a new position in Seagate Technology during the 3rd quarter worth approximately $1,187,621,000. Arrowstreet Capital Limited Partnership grew its position in Seagate Technology by 1,072.5% during 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 purchasing an additional 2,697,957 shares in the last quarter. Massachusetts Financial Services Co. MA grew its position in Seagate Technology by 1,510.1% during 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 purchasing an additional 1,883,769 shares in the last quarter. Soroban Capital Partners LP grew its position in 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 purchasing an additional 1,327,197 shares in the last quarter. Finally, Trivest Advisors Ltd purchased a new position in Seagate Technology during the 3rd quarter worth approximately $170,435,000. 92.87% of the stock is currently owned by hedge funds and other institutional investors.

Seagate Technology Trading Up 0.3%

Shares of NASDAQ:STX opened at $812.73 on Friday. The firm has a fifty day moving average of $565.92 and a two-hundred day moving average of $411.46. The firm has a market capitalization of $182.24 billion, a P/E ratio of 77.11 and a beta of 1.98. Seagate Technology Holdings PLC has a 12-month low of $108.28 and a 12-month high of $841.31. The company has a quick ratio of 0.85, a current ratio of 1.33 and a debt-to-equity ratio of 3.16.

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

Seagate Technology Announces Dividend

The business 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 dividend on an annualized basis and a dividend yield of 0.4%. Seagate Technology’s dividend payout ratio (DPR) is 28.08%.

Insider Activity at Seagate Technology

In other Seagate Technology news, CFO Gianluca Romano sold 1,902 shares of Seagate Technology stock in a transaction on Thursday, May 7th. The shares were sold at an average price of $770.00, for a total transaction of $1,464,540.00. Following the completion of the sale, the chief financial officer owned 40,945 shares of the company’s stock, valued at $31,527,650. This trade represents a 4.44% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP James Ci Lee sold 697 shares of Seagate Technology stock in a transaction on Monday, May 4th. The shares were sold at an average price of $741.17, for a total transaction of $516,595.49. Following the sale, the executive vice president directly owned 324 shares of the company’s stock, valued at $240,139.08. This trade represents a 68.27% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 148,283 shares of company stock worth $88,528,318. 0.79% of the stock is currently owned by company insiders.

Trending Headlines about Seagate Technology

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

• Positive Sentiment: Seagate’s latest margin and revenue trends show strong execution, with record gross margins, tight supply, and pricing support pointing to continued earnings upside. Can Seagate Sustain Its Gross Margin Expansion Momentum?
• Positive Sentiment: AI infrastructure spending remains a tailwind for memory and storage stocks, including STX, after Nvidia’s strong results. Seagate Stock, Western Digital Bounce Back After Nvidia Results
• Positive Sentiment: Seagate’s exchange of $185.9 million in notes could support balance-sheet flexibility and reduce financial risk. Seagate Announces Exchanges with Holders of $185.908 Million Principal Amount of Exchangeable Notes
• Neutral Sentiment: CEO William Mosley sold 30,000 shares under a pre-arranged 10b5-1 plan; routine insider selling does not necessarily signal a fundamental change, but it can still weigh on sentiment. SEC filing
• Neutral Sentiment: Some analysts and commentators are questioning valuation, with Jim Cramer calling Seagate “too pricey,” which could limit further upside unless earnings keep accelerating. Jim Cramer on Seagate: “Too Pricey”
• Negative Sentiment: There is also growing caution that the AI memory/storage boom could slow later in the cycle, raising concerns about future supply, pricing, and demand. Advanced Energy, Vishay Precision, and Bel Fuse Shares Plummet, What You Need To Know

Analyst Upgrades and Downgrades

STX has been the topic of several research analyst reports. Wall Street Zen upgraded shares of Seagate Technology from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. Zacks Research upgraded shares of Seagate Technology from a “hold” rating to a “strong-buy” rating in a research report on Friday, May 1st. TD Cowen lifted their price objective on shares of Seagate Technology from $500.00 to $850.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. Evercore lifted their price objective on shares of Seagate Technology from $750.00 to $1,000.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 12th. Finally, Citigroup lifted their price objective on shares of Seagate Technology from $595.00 to $740.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. One analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $733.71.

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.