Pictet Asset Management Holding SA Has $36.71 Million Stock Holdings in Seagate Technology Holdings PLC $STX

Pictet Asset Management Holding SA raised its stake in Seagate Technology Holdings PLC (NASDAQ:STX) by 3.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 133,255 shares of the data storage provider’s stock after purchasing an additional 4,553 shares during the quarter. Pictet Asset Management Holding SA’s holdings in Seagate Technology were worth $36,713,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in STX. National Pension Service grew its holdings in Seagate Technology by 28.0% during the third quarter. National Pension Service now owns 250,121 shares of the data storage provider’s stock worth $59,044,000 after purchasing an additional 54,722 shares during the period. Tokio Marine Asset Management Co. Ltd. bought a new stake in Seagate Technology in the third quarter valued at approximately $1,864,000. Sumitomo Mitsui Trust Group Inc. lifted its position in shares of Seagate Technology by 1.2% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 518,806 shares of the data storage provider’s stock valued at $142,874,000 after buying an additional 6,028 shares during the last quarter. Keystone Investors PTE Ltd. lifted its position in shares of Seagate Technology by 55.7% in the third quarter. Keystone Investors PTE Ltd. now owns 50,321 shares of the data storage provider’s stock valued at $11,879,000 after buying an additional 18,000 shares during the last quarter. Finally, Estate Counselors LLC bought a new position in shares of Seagate Technology during the 3rd quarter worth approximately $2,557,000. Institutional investors own 92.87% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on STX. Jefferies Financial Group restated a “hold” rating on shares of Seagate Technology in a research note on Wednesday, February 4th. Cantor Fitzgerald increased their price objective on shares of Seagate Technology from $700.00 to $1,000.00 and gave the company an “overweight” rating in a research report on Wednesday. Morgan Stanley lifted their target price on shares of Seagate Technology from $582.00 to $767.00 and gave the stock an “overweight” rating in a report on Wednesday. TD Cowen upped their price target on shares of Seagate Technology from $500.00 to $850.00 and gave the company a “buy” rating in a research note on Wednesday. Finally, Evercore increased their price target on shares of Seagate Technology from $550.00 to $750.00 and gave the company an “outperform” rating in a report on Wednesday. Twenty equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $680.79.

Seagate Technology Trading Up 11.1%

Shares of Seagate Technology stock opened at $643.30 on Thursday. The company has a debt-to-equity ratio of 7.63, a quick ratio of 0.72 and a current ratio of 1.12. The firm has a 50-day moving average of $448.93 and a 200-day moving average of $353.84. Seagate Technology Holdings PLC has a 52-week low of $85.47 and a 52-week high of $697.00. The stock has a market cap of $140.29 billion, a PE ratio of 72.77, a PEG ratio of 0.99 and a beta of 1.61.

Seagate Technology (NASDAQ:STX) last released its quarterly earnings results on Tuesday, April 28th. The data storage provider reported $4.10 EPS for the quarter, topping analysts’ consensus estimates of $3.47 by $0.63. The business had revenue of $3.11 billion for the quarter, compared to analyst estimates of $2.94 billion. Seagate Technology had a net margin of 19.59% and a negative return on equity of 936.38%. Seagate Technology’s revenue for the quarter was up 44.1% compared to the same quarter last year. During the same period last year, the firm earned $1.90 earnings per share. Seagate Technology has set its Q4 2026 guidance at 4.800-5.200 EPS. As a group, sell-side analysts forecast that Seagate Technology Holdings PLC will post 12.13 EPS for the current year.

Seagate Technology Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 7th. Stockholders of record on Wednesday, June 24th will be given a $0.74 dividend. This represents a $2.96 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date is Wednesday, June 24th. Seagate Technology’s payout ratio is presently 33.48%.

Insider Activity at Seagate Technology

In other Seagate Technology news, Director Jay L. Geldmacher sold 925 shares of Seagate Technology stock in a transaction on Friday, January 30th. The stock was sold at an average price of $448.02, for a total value of $414,418.50. Following the completion of the transaction, the director directly owned 223 shares of the company’s stock, valued at $99,908.46. The trade was a 80.57% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Kian Fatt Chong sold 5,846 shares of the company’s stock in a transaction on Monday, February 23rd. The shares were sold at an average price of $416.48, for a total value of $2,434,742.08. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 91,355 shares of company stock worth $37,544,394. Company insiders own 0.79% of the company’s stock.

Seagate Technology News Roundup

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

• Positive Sentiment: Q3 beat and strong guidance — Seagate reported $4.10 EPS and $3.11B revenue (both above consensus), generated roughly $1B in free cash flow, and guided Q4 EPS to $4.80–$5.20 and revenue to $3.4–$3.6B, well above Street estimates. This is the primary catalyst for the stock’s move higher. Seagate Q3 Press Release
• Positive Sentiment: AI-driven demand and pricing strength — Multiple reports and analyst commentary point to sustained enterprise spending on AI infrastructure that favors Seagate’s mass‑capacity nearline HDDs and strengthens pricing/margins, supporting a re‑rating of the stock. Reuters: Storage stocks jump
• Positive Sentiment: Wall Street lifts targets — A wave of price-target increases (including Rosenblatt to $1,000, JPMorgan to $775, Barclays to $750 and others) boosted sentiment and provided fresh buying interest, reinforcing the upside narrative. Rosenblatt $1,000 target
• Neutral Sentiment: Dividend declared — Seagate announced a quarterly dividend of $0.74/share (record June 24, payable July 7); modest yield and mostly signals capital return discipline rather than a major catalyst.
• Neutral Sentiment: Sector momentum context — Broad coverage notes the memory/storage group is rallying on AI optimism, which helps Seagate but also raises expectations for peers (reads: Investopedia and sector pieces). Investopedia: Memory stocks rally
• Negative Sentiment: Some caution remains — A few firms maintained neutral ratings or set targets below the intraday price (e.g., UBS, Susquehanna), highlighting valuation and execution risk if AI spending softens. Benzinga: analyst notes

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.