MJP Associates Inc. ADV Buys New Stake in Seagate Technology Holdings PLC $STX

MJP Associates Inc. ADV bought a new stake in shares of Seagate Technology Holdings PLC (NASDAQ:STX) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 727 shares of the data storage provider’s stock, valued at approximately $200,000.

Several other hedge funds and other institutional investors have also made changes to their positions in STX. WCM Investment Management LLC acquired a new position in shares of Seagate Technology during the 3rd quarter valued at $1,187,621,000. Arrowstreet Capital Limited Partnership lifted its position in Seagate Technology by 1,072.5% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 2,949,512 shares of the data storage provider’s stock worth $696,262,000 after acquiring an additional 2,697,957 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its position in Seagate Technology by 1,510.1% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 2,008,516 shares of the data storage provider’s stock worth $553,125,000 after acquiring an additional 1,883,769 shares in the last quarter. Soroban Capital Partners LP lifted its position 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 acquiring an additional 1,327,197 shares in the last quarter. Finally, Trivest Advisors Ltd acquired a new position in Seagate Technology in the 3rd quarter worth $170,435,000. Institutional investors and hedge funds own 92.87% of the company’s stock.

Insider Activity

In other Seagate Technology news, CEO William D. Mosley sold 30,000 shares of the stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $751.29, for a total value of $22,538,700.00. Following the sale, the chief executive officer directly owned 339,591 shares of the company’s stock, valued at $255,131,322.39. This trade represents a 8.12% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP James Ci Lee sold 697 shares of the stock in a transaction on Monday, May 4th. The stock was 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 directly owned 324 shares in the company, valued at $240,139.08. This represents a 68.27% 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. Insiders have sold 148,283 shares of company stock valued at $88,528,318 over the last quarter. Corporate insiders own 0.79% of the company’s stock.

Seagate Technology Stock Performance

STX stock opened at $810.46 on Friday. The company has a current ratio of 1.33, a quick ratio of 0.85 and a debt-to-equity ratio of 3.16. The firm has a market cap of $181.73 billion, a P/E ratio of 76.89 and a beta of 1.98. Seagate Technology Holdings PLC has a 12-month low of $105.35 and a 12-month high of $841.31. The stock’s 50 day simple moving average is $557.38 and its 200 day simple moving average is $408.64.

Seagate Technology (NASDAQ:STX) last released its quarterly earnings data on Tuesday, April 28th. The data storage provider reported $4.10 earnings per share for the quarter, topping the consensus estimate of $3.51 by $0.59. The firm had revenue of $3.11 billion for the quarter, compared to analyst estimates of $2.96 billion. Seagate Technology had a net margin of 21.60% and a return on equity of 1,005.65%. Seagate Technology’s quarterly revenue was up 44.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.90 earnings per share. Seagate Technology has set its Q4 2026 guidance at 4.800-5.200 EPS. As a group, equities research analysts predict that Seagate Technology Holdings PLC will post 14.1 EPS for the current year.

Seagate Technology Dividend Announcement

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

Trending Headlines about Seagate Technology

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

• Positive Sentiment: Seagate stock gained attention after Nvidia’s strong earnings reinforced the theme of heavy AI infrastructure spending, which supports demand for storage and memory products. Seagate Stock, Western Digital Bounce Back After Nvidia Results
• Positive Sentiment: CEO Dave Mosley’s comments that Seagate is prioritizing technology transitions within existing factories, rather than building new capacity, highlighted potential supply tightness and pricing power as AI storage demand rises. Seagate Capacity Shift Raises AI Supply Questions And Valuation Opportunity
• Positive Sentiment: Billionaire investor Stanley Druckenmiller reportedly rotated into Seagate and other AI memory names, adding a sentiment boost for the stock. Billionaire Stanley Druckenmiller Dumped Every Share of Alphabet. He Bought AI Memory Stocks Up 581% to 3,467% Instead
• Neutral Sentiment: Seagate announced exchanges for $185.9 million of exchangeable notes, a balance-sheet event that may reduce debt-related overhang but is not a direct operating catalyst. Seagate Announces Exchanges with Holders of $185.908 Million Principal Amount of Exchangeable Notes
• Neutral Sentiment: CEO William D. Mosley sold 30,000 shares in a pre-arranged 10b5-1 transaction, which can weigh on sentiment slightly but does not necessarily signal a change in outlook. SEC Form 4 filing
• Negative Sentiment: Some commentary from market watchers questioned Seagate’s valuation, calling the stock “too pricey,” which could create short-term pressure if investors focus on multiples rather than growth. Jim Cramer on Seagate: “Too Pricey”

Wall Street Analyst Weigh In

A number of brokerages have commented on STX. Morgan Stanley boosted their price objective on shares of Seagate Technology from $582.00 to $767.00 and gave the stock an “overweight” rating in a report on Wednesday, April 29th. Mizuho upped their target price on Seagate Technology from $565.00 to $700.00 and gave the company an “outperform” rating in a research report on Wednesday, April 29th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Seagate Technology in a research report on Friday, March 27th. Bank of America upped their target price on Seagate Technology from $700.00 to $840.00 and gave the company a “buy” rating in a research report on Monday, April 27th. Finally, Argus upped their target price on Seagate Technology from $450.00 to $750.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. One investment analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $733.71.

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.