Ritholtz Wealth Management Buys 3,500 Shares of Seagate Technology Holdings PLC $STX

Ritholtz Wealth Management increased its stake in Seagate Technology Holdings PLC (NASDAQ:STX) by 37.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,963 shares of the data storage provider’s stock after purchasing an additional 3,500 shares during the period. Ritholtz Wealth Management’s holdings in Seagate Technology were worth $3,060,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. State Street Corp increased its stake in shares of Seagate Technology by 5.0% in 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 buying an additional 432,455 shares during the period. Geode Capital Management LLC increased its position in Seagate Technology by 1.9% in the second quarter. Geode Capital Management LLC now owns 4,567,181 shares of the data storage provider’s stock worth $656,066,000 after purchasing an additional 85,660 shares during the period. Soroban Capital Partners LP raised its holdings 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 during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in 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 worth $200,117,000 after purchasing an additional 20,618 shares during the last quarter. Finally, Norges Bank acquired a new position in Seagate Technology during the 2nd quarter valued at about $197,027,000. Institutional investors and hedge funds own 92.87% of the company’s stock.

Analysts Set New Price Targets

STX has been the topic of several analyst reports. Weiss Ratings restated a “buy (b)” rating on shares of Seagate Technology in a report on Monday, December 29th. Citigroup raised their price target on Seagate Technology from $275.00 to $320.00 and gave the stock a “buy” rating in a research report on Tuesday, December 2nd. BNP Paribas Exane dropped their price objective on Seagate Technology from $240.00 to $230.00 and set a “neutral” rating for the company in a report on Wednesday, October 29th. Rosenblatt Securities lifted their price objective on shares of Seagate Technology from $250.00 to $270.00 and gave the stock a “buy” rating in a research note on Wednesday, October 29th. Finally, Loop Capital raised their price target on Seagate Technology from $350.00 to $465.00 and gave the stock a “buy” rating in a research report on Monday, November 10th. Two equities research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $320.39.

Seagate Technology Stock Performance

NASDAQ STX opened at $326.23 on Friday. Seagate Technology Holdings PLC has a 52 week low of $63.19 and a 52 week high of $335.02. The stock’s 50 day moving average price is $283.10 and its two-hundred day moving average price is $222.83. The stock has a market capitalization of $69.67 billion, a price-to-earnings ratio of 41.88, a PEG ratio of 1.25 and a beta of 1.60.

Seagate Technology Increases Dividend

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

Insiders Place Their Bets

In related news, CFO Gianluca Romano sold 54,021 shares of Seagate Technology stock in a transaction dated Wednesday, November 12th. The stock was sold at an average price of $285.16, for a total value of $15,404,628.36. Following the sale, the chief financial officer owned 56,293 shares of the company’s stock, valued at approximately $16,052,511.88. The trade was a 48.97% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Stephanie Tilenius sold 2,046 shares of the company’s stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $266.41, for a total value of $545,074.86. Following the sale, the director owned 12,244 shares in the company, valued at $3,261,924.04. The trade was a 14.32% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 132,557 shares of company stock valued at $36,847,793 in the last quarter. Company insiders own 0.79% of the company’s stock.

Seagate Technology News Summary

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 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.