E Fund Management Hong Kong Co. Ltd. Acquires New Stake in Seagate Technology Holdings PLC $STX

E Fund Management Hong Kong Co. Ltd. acquired a new stake in shares of Seagate Technology Holdings PLC (NASDAQ:STX) in the fourth quarter, HoldingsChannel reports. The firm acquired 718 shares of the data storage provider’s stock, valued at approximately $198,000.

Other large investors also recently bought and sold shares of the company. National Pension Service boosted its holdings in Seagate Technology by 28.0% during the 3rd quarter. National Pension Service now owns 250,121 shares of the data storage provider’s stock valued at $59,044,000 after acquiring an additional 54,722 shares during the period. PFA Pension Forsikringsaktieselskab purchased a new stake in shares of Seagate Technology in the 4th quarter worth $23,882,000. Sumitomo Mitsui Trust Group Inc. lifted its holdings in shares of Seagate Technology by 1.2% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 518,806 shares of the data storage provider’s stock worth $142,874,000 after buying an additional 6,028 shares during the period. New York State Teachers Retirement System lifted its holdings in shares of Seagate Technology by 5.0% in the 4th quarter. New York State Teachers Retirement System now owns 187,044 shares of the data storage provider’s stock worth $51,510,000 after buying an additional 8,991 shares during the period. Finally, Keystone Investors PTE Ltd. lifted its holdings in shares of Seagate Technology by 55.7% in the 3rd quarter. Keystone Investors PTE Ltd. now owns 50,321 shares of the data storage provider’s stock worth $11,879,000 after buying an additional 18,000 shares during the period. Hedge funds and other institutional investors own 92.87% of the company’s stock.

Insiders Place Their Bets

In other news, Director Stephanie Tilenius sold 1,580 shares of the stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of $766.61, for a total value of $1,211,243.80. Following the transaction, the director directly owned 10,664 shares of the company’s stock, valued at approximately $8,175,129.04. This represents a 12.90% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP John Christopher Morris sold 5,626 shares of the stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $738.37, for a total value of $4,154,069.62. Following the completion of the transaction, the executive vice president directly owned 11,954 shares in the company, valued at $8,826,474.98. This represents a 32.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 102,723 shares of company stock valued at $53,301,684. Insiders own 0.79% of the company’s stock.

Seagate Technology Trading Up 1.1%

Shares of NASDAQ:STX opened at $817.35 on Thursday. The business’s 50-day moving average is $508.89 and its 200 day moving average is $386.39. Seagate Technology Holdings PLC has a 1 year low of $103.73 and a 1 year high of $841.31. The firm has a market capitalization of $183.27 billion, a P/E ratio of 77.55 and a beta of 1.98. 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 (NASDAQ:STX) last announced its earnings results on Tuesday, April 28th. The data storage provider reported $4.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.51 by $0.59. Seagate Technology had a return on equity of 1,005.65% and a net margin of 21.60%.The company had revenue of $3.11 billion for the quarter, compared to analyst estimates of $2.96 billion. During the same period in the prior year, the company posted $1.90 EPS. The firm’s quarterly revenue was up 44.1% compared to the same quarter last year. Seagate Technology has set its Q4 2026 guidance at 4.800-5.200 EPS. On average, research analysts predict that Seagate Technology Holdings PLC will post 14.1 earnings per share for the current fiscal year.

Seagate Technology Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 7th. Investors of record on Wednesday, June 24th will be given a dividend of $0.74 per share. This represents a $2.96 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend is Wednesday, June 24th. Seagate Technology’s dividend payout ratio is currently 28.08%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on STX shares. Robert W. Baird upped their target price on Seagate Technology from $270.00 to $505.00 and gave the stock an “outperform” rating in a report on Thursday, January 29th. Wedbush boosted their price target on Seagate Technology from $700.00 to $825.00 and gave the stock an “outperform” rating in a research report on Monday, April 27th. JPMorgan Chase & Co. boosted their price target on Seagate Technology from $525.00 to $775.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 29th. BNP Paribas Exane boosted their price target on Seagate Technology from $530.00 to $860.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 29th. Finally, TD Cowen boosted their price target on Seagate Technology from $500.00 to $850.00 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 given a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, Seagate Technology currently has an average rating of “Moderate Buy” and an average target price of $719.54.

Key Stories Impacting Seagate Technology

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

• Positive Sentiment: Evercore raised its price target on Seagate Technology Holdings PLC (STX) to $1,000 and reiterated an outperform rating, signaling additional upside after an investor meeting focused on HAMR growth and AI-related storage demand. Seagate gets new $1,000 price target at Evercore after investor meeting
• Positive Sentiment: Another Evercore note also lifted the target to $1,000, highlighting HAMR technology as a key growth driver and reinforcing the bullish view on Seagate’s earnings power. Evercore ISI raises its Seagate stock price target to $1,000. HAMR technology growth is the major trigger
• Positive Sentiment: Seagate’s strong fiscal Q3 results and rising AI infrastructure optimism continue to support the stock, with reports noting record margins and about $1 billion in free cash flow. A Look At Seagate Technology Holdings (STX) Valuation After Strong Q3 Results And Growing AI Infrastructure Optimism
• Neutral Sentiment: Several articles highlighted Seagate’s long-term stock performance and market-cap growth, reflecting strong investor momentum but not adding new operating news. If You Invested $1000 In Seagate Technology Hldgs Stock 20 Years Ago, You Would Have This Much Today

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.