Rheos Capital Works Inc. Buys New Shares in Seagate Technology Holdings PLC $STX

Rheos Capital Works Inc. bought a new stake in Seagate Technology Holdings PLC (NASDAQ:STX) in the fourth quarter, HoldingsChannel reports. The fund bought 70,000 shares of the data storage provider’s stock, valued at approximately $19,277,000. Seagate Technology accounts for 1.2% of Rheos Capital Works Inc.’s portfolio, making the stock its 29th biggest position.

A number of other institutional investors have also recently bought and sold shares of STX. WCM Investment Management LLC purchased a new stake in Seagate Technology during the third quarter worth approximately $1,187,621,000. Arrowstreet Capital Limited Partnership grew its stake in Seagate Technology by 1,072.5% during the third quarter. Arrowstreet Capital Limited Partnership now owns 2,949,512 shares of the data storage provider’s stock worth $696,262,000 after buying an additional 2,697,957 shares during the period. Soroban Capital Partners LP grew its stake in Seagate Technology by 1,468.1% during the second quarter. Soroban Capital Partners LP now owns 1,417,600 shares of the data storage provider’s stock worth $204,602,000 after buying an additional 1,327,197 shares during the period. Trivest Advisors Ltd purchased a new stake in Seagate Technology during the third quarter worth approximately $170,435,000. Finally, Maple Rock Capital Partners Inc. grew its stake in Seagate Technology by 85.3% during the second quarter. Maple Rock Capital Partners Inc. now owns 1,131,752 shares of the data storage provider’s stock worth $163,346,000 after buying an additional 520,846 shares during the period. 92.87% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have issued reports on STX. Morgan Stanley boosted their price objective on shares of Seagate Technology from $468.00 to $582.00 and gave the stock an “overweight” rating in a research note on Monday. Sanford C. Bernstein boosted their price objective on shares of Seagate Technology from $500.00 to $620.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 31st. Mizuho boosted their price objective on shares of Seagate Technology from $440.00 to $475.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 17th. Susquehanna upgraded shares of Seagate Technology from a “negative” rating to a “neutral” rating and boosted their price objective for the stock from $150.00 to $280.00 in a research note on Friday, January 16th. Finally, Evercore boosted their price objective on shares of Seagate Technology from $330.00 to $450.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 28th. Nineteen analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $469.75.

Trending Headlines about Seagate Technology

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

• Positive Sentiment: Morgan Stanley elevated Seagate to a top pick and raised its price target substantially (to $582), calling it an underappreciated AI/data‑center play — a high‑profile upgrade that attracts institutional buying and drove part of the rally. Article Title
• Positive Sentiment: Seagate is being highlighted as a primary beneficiary of the AI data‑center buildout (storage bottleneck thesis). Analysts and investors are rotating capital into infrastructure names tied to NVIDIA’s roadmap, supporting higher demand visibility and multiple expansion. Article Title
• Positive Sentiment: Technical/momentum signals: coverage pieces note Seagate pushing above key resistance and testing breakout territory — momentum trading can accelerate inflows on short‑term strength. Article Title
• Neutral Sentiment: Market breadth/support — Seagate helped lift US indices alongside other memory/storage names amid optimism on macro headlines; broader market moves are providing tailwinds but aren’t company‑specific. Article Title
• Neutral Sentiment: Analyst & media attention more broadly: multiple outlets are spotlighting Seagate in lists of AI infrastructure beneficiaries and tech top picks, which supports continued visibility but may already be priced in. Article Title
• Negative Sentiment: Risk factors that could weigh on the stock later: some analysts warn the AI/data‑center buildout is cyclical and demand could decelerate in 2027 as initial orders clear; Seagate’s valuation and high leverage amplify downside if growth slows. Article Title

Seagate Technology Trading Up 5.6%

NASDAQ STX opened at $453.30 on Tuesday. The company’s fifty day simple moving average is $406.24 and its 200-day simple moving average is $316.98. Seagate Technology Holdings PLC has a 52 week low of $63.19 and a 52 week high of $470.23. The company has a current ratio of 1.12, a quick ratio of 0.72 and a debt-to-equity ratio of 7.63. The stock has a market cap of $98.85 billion, a P/E ratio of 51.28, a PEG ratio of 0.95 and a beta of 1.61.

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

Seagate Technology Dividend Announcement

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

Insider Buying and Selling at Seagate Technology

In other news, EVP Kian Fatt Chong sold 5,846 shares of the business’s stock in a transaction on Monday, February 23rd. The shares were sold at an average price of $416.48, for a total transaction of $2,434,742.08. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO William D. Mosley sold 24,584 shares of the business’s stock in a transaction on Thursday, March 19th. The stock was sold at an average price of $406.77, for a total transaction of $10,000,033.68. Following the transaction, the chief executive officer directly owned 375,591 shares in the company, valued at approximately $152,779,151.07. The trade was a 6.14% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 113,635 shares of company stock valued at $47,133,843. 0.79% of the stock is owned by company insiders.

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.