Oregon Public Employees Retirement Fund Purchases 710 Shares of Seagate Technology Holdings PLC $STX

Oregon Public Employees Retirement Fund lifted its position in Seagate Technology Holdings PLC (NASDAQ:STX) by 2.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,940 shares of the data storage provider’s stock after buying an additional 710 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Seagate Technology were worth $6,868,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Ameritas Advisory Services LLC grew its stake in shares of Seagate Technology by 1,620.7% in the fourth quarter. Ameritas Advisory Services LLC now owns 2,581 shares of the data storage provider’s stock valued at $711,000 after buying an additional 2,431 shares in the last quarter. AIFG Consultants Ltd. bought a new position in shares of Seagate Technology in the fourth quarter valued at $218,000. Independent Advisor Alliance grew its stake in shares of Seagate Technology by 505.4% in the fourth quarter. Independent Advisor Alliance now owns 23,495 shares of the data storage provider’s stock valued at $6,470,000 after buying an additional 19,614 shares in the last quarter. Community Bank N.A. bought a new position in shares of Seagate Technology in the fourth quarter valued at $110,000. Finally, World Investment Advisors grew its stake in shares of Seagate Technology by 1.9% in the fourth quarter. World Investment Advisors now owns 11,832 shares of the data storage provider’s stock valued at $3,200,000 after buying an additional 226 shares in the last quarter. 92.87% of the stock is owned by institutional investors.

Key Headlines 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

Analyst Upgrades and Downgrades

Several research firms recently weighed in on STX. Robert W. Baird raised their target price on shares of Seagate Technology from $270.00 to $505.00 and gave the company an “outperform” rating in a research note on Thursday, January 29th. Zacks Research raised shares of Seagate Technology from a “hold” rating to a “strong-buy” rating in a research note on Friday, May 1st. Mizuho raised their target price on shares of Seagate Technology from $565.00 to $700.00 and gave the company an “outperform” rating in a research note on Wednesday, April 29th. Loop Capital raised their target price on shares of Seagate Technology from $700.00 to $800.00 and gave the company a “buy” rating in a research note on Thursday, April 23rd. Finally, The Goldman Sachs Group lifted their price objective on shares of Seagate Technology from $385.00 to $700.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. One research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Seagate Technology presently has an average rating of “Moderate Buy” and an average target price of $719.54.

Insider Buying and Selling

In other news, EVP James Ci Lee sold 697 shares of the business’s stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $741.17, for a total value of $516,595.49. Following the completion of the sale, the executive vice president owned 324 shares of the company’s stock, valued at approximately $240,139.08. The trade was a 68.27% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Gianluca Romano sold 1,902 shares of the business’s stock in a transaction dated Thursday, May 7th. The shares were sold at an average price of $770.00, for a total transaction of $1,464,540.00. Following the completion of the sale, the chief financial officer directly owned 40,945 shares of the company’s stock, valued at approximately $31,527,650. The trade was a 4.44% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 102,723 shares of company stock valued at $53,301,684 in the last 90 days. 0.79% of the stock is currently owned by corporate insiders.

Seagate Technology Trading Up 1.1%

STX stock opened at $817.35 on Thursday. The company has a debt-to-equity ratio of 3.16, a current ratio of 1.33 and a quick ratio of 0.85. The company has a fifty day moving average price of $508.89 and a two-hundred day moving average price of $386.39. Seagate Technology Holdings PLC has a one year low of $103.73 and a one year high of $841.31. The stock has a market cap of $183.27 billion, a price-to-earnings ratio of 77.55 and a beta of 1.98.

Seagate Technology (NASDAQ:STX) last released its quarterly earnings data on Tuesday, April 28th. The data storage provider reported $4.10 EPS for the quarter, topping 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 firm had revenue of $3.11 billion during the quarter, compared to analysts’ expectations of $2.96 billion. During the same period in the previous year, the business posted $1.90 earnings per share. The company’s revenue for the quarter 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. Equities analysts anticipate that Seagate Technology Holdings PLC will post 14.1 EPS for the current year.

Seagate Technology Dividend Announcement

The firm also recently announced 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 0.4%. The ex-dividend date of this dividend is Wednesday, June 24th. Seagate Technology’s payout ratio is presently 28.08%.

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.