IFM Investors Pty Ltd Has $18.06 Million Holdings in Seagate Technology Holdings PLC $STX

IFM Investors Pty Ltd grew its position in shares of Seagate Technology Holdings PLC (NASDAQ:STX) by 4.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 46,093 shares of the data storage provider’s stock after acquiring an additional 2,100 shares during the quarter. IFM Investors Pty Ltd’s holdings in Seagate Technology were worth $18,057,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of STX. Alley Investment Management Company LLC acquired a new stake in Seagate Technology in the 1st quarter valued at $246,000. iA Global Asset Management Inc. increased its stake in Seagate Technology by 40.4% during the 1st quarter. iA Global Asset Management Inc. now owns 71,918 shares of the data storage provider’s stock valued at $28,175,000 after purchasing an additional 20,677 shares in the last quarter. Harbor Investment Advisory LLC raised its holdings in Seagate Technology by 237.7% during the first quarter. Harbor Investment Advisory LLC now owns 1,101 shares of the data storage provider’s stock worth $431,000 after buying an additional 775 shares during the last quarter. Perkins Capital Management Inc. acquired a new position in Seagate Technology during the first quarter worth $215,000. Finally, Premier Path Wealth Partners LLC lifted its stake in shares of Seagate Technology by 44.9% in the first quarter. Premier Path Wealth Partners LLC now owns 1,553 shares of the data storage provider’s stock valued at $608,000 after buying an additional 481 shares in the last quarter. 92.87% of the stock is owned by institutional investors and hedge funds.

Seagate Technology News Roundup

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

• Positive Sentiment: Cantor Fitzgerald raised its price target on Seagate Technology to $1,300 from $1,000 and reiterated an overweight rating, signaling confidence that the company still has meaningful upside. Benzinga report on Cantor Fitzgerald target increase
• Positive Sentiment: Melius Research initiated coverage with a buy rating and a $1,600 price target, reflecting a very constructive view on Seagate’s earnings power and demand outlook. Benzinga report on Melius initiation
• Positive Sentiment: Several recent articles highlight Seagate as a top AI infrastructure and storage beneficiary, citing strong demand for high-capacity drives, HAMR product wins, and repeated earnings beats as key growth drivers. Zacks AI infrastructure article
• Neutral Sentiment: Some recent coverage remains positive but warns the stock has already rerated dramatically, with one Seeking Alpha piece downgrading the rating from Strong Buy to Buy because a lot of the upside may already be reflected in the current price. Seeking Alpha downgrade article
• Neutral Sentiment: Another article framed Seagate as “too hot to handle,” emphasizing that AI-driven growth is strong but cyclical risks remain, which may temper expectations after the stock’s huge run. Seeking Alpha cyclical risks article
• Negative Sentiment: One Zacks note compared Seagate with Micron and suggested Micron may offer better AI-storage upside, which could shift some investor preference away from STX. Zacks comparison article

Seagate Technology Stock Performance

NASDAQ STX opened at $965.00 on Wednesday. The company has a fifty day moving average price of $835.80 and a 200-day moving average price of $540.40. The firm has a market cap of $216.38 billion, a price-to-earnings ratio of 91.56 and a beta of 2.04. The company has a debt-to-equity ratio of 3.16, a current ratio of 1.33 and a quick ratio of 0.85. Seagate Technology Holdings PLC has a 1 year low of $138.30 and a 1 year high of $1,145.00.

Seagate Technology (NASDAQ:STX) last released its quarterly earnings results on Tuesday, April 28th. The data storage provider reported $4.10 earnings per share for the quarter, beating analysts’ consensus estimates of $3.51 by $0.59. Seagate Technology had a net margin of 21.60% and a return on equity of 1,005.65%. The company had revenue of $3.11 billion for the quarter, compared to analyst estimates of $2.96 billion. During the same period last year, the firm earned $1.90 earnings per share. The firm’s revenue was up 44.1% on a year-over-year basis. Seagate Technology has set its Q4 2026 guidance at 4.800-5.200 EPS. As a group, equities research analysts predict that Seagate Technology Holdings PLC will post 14.14 EPS for the current fiscal year.

Seagate Technology Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 7th. Shareholders of record on Wednesday, June 24th will be given a dividend of $0.74 per share. The ex-dividend date of this dividend is Wednesday, June 24th. This represents a $2.96 annualized dividend and a dividend yield of 0.3%. Seagate Technology’s dividend payout ratio (DPR) is currently 28.08%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on STX shares. JPMorgan Chase & Co. boosted their target price on shares of Seagate Technology from $775.00 to $920.00 and gave the stock an “overweight” rating in a research report on Thursday, June 11th. BNP Paribas Exane raised their price target on shares of Seagate Technology from $530.00 to $860.00 and gave the company an “outperform” rating in a research report on Wednesday, April 29th. UBS Group lifted their price target on Seagate Technology from $515.00 to $545.00 and gave the company a “neutral” rating in a research note on Wednesday, April 29th. Morgan Stanley boosted their price objective on Seagate Technology from $767.00 to $1,035.00 and gave the stock an “overweight” rating in a report on Monday, June 15th. Finally, China Renaissance increased their price objective on Seagate Technology from $802.00 to $983.00 in a research note on Friday, June 12th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, Seagate Technology presently has a consensus rating of “Moderate Buy” and an average price target of $874.52.

Insiders Place Their Bets

In other Seagate Technology news, EVP Ban Seng Teh sold 8,003 shares of the business’s stock in a transaction on Thursday, May 14th. The stock was sold at an average price of $817.28, for a total value of $6,540,691.84. Following the transaction, the executive vice president owned 3,691 shares of the company’s stock, valued at approximately $3,016,580.48. The trade was a 68.44% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO William D. Mosley sold 30,000 shares of the business’s stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $751.29, for a total value of $22,538,700.00. Following the completion of the transaction, the chief executive officer directly owned 339,591 shares in the company, valued at approximately $255,131,322.39. This represents a 8.12% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 121,069 shares of company stock worth $98,747,112 over the last 90 days. 0.79% of the stock is currently owned by corporate insiders.

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.