Seagate Technology Holdings PLC $STX Shares Bought by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA raised its position in shares of Seagate Technology Holdings PLC (NASDAQ:STX) by 1.6% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 135,379 shares of the data storage provider’s stock after buying an additional 2,124 shares during the period. Pictet Asset Management Holding SA’s holdings in Seagate Technology were worth $52,985,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of STX. Salomon & Ludwin LLC raised its holdings in shares of Seagate Technology by 124.4% in the 4th quarter. Salomon & Ludwin LLC now owns 92 shares of the data storage provider’s stock valued at $27,000 after buying an additional 51 shares during the period. Armstrong Advisory Group Inc. purchased a new position in Seagate Technology during the 4th quarter valued at about $28,000. Concord Wealth Partners acquired a new position in Seagate Technology in the 4th quarter valued at about $28,000. Avion Wealth grew its position in Seagate Technology by 343.5% in the 4th quarter. Avion Wealth now owns 102 shares of the data storage provider’s stock valued at $28,000 after acquiring an additional 79 shares in the last quarter. Finally, Quarry LP purchased a new stake in Seagate Technology during the fourth quarter worth about $31,000. 92.87% of the stock is owned by institutional investors and hedge funds.

Trending Headlines about Seagate Technology

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

• Positive Sentiment: Cantor Fitzgerald raised its price target on Seagate Technology to $1,300 from $1,000 and kept an overweight rating, signaling confidence that the stock still has room to run. Benzinga report on Cantor Fitzgerald upgrade
• Positive Sentiment: Melius Research initiated coverage with a buy rating and a $1,600 price target, reinforcing the view that Seagate could benefit further from AI infrastructure spending and tight memory supply. Yahoo Finance company news for Jun 29, 2026
• Positive Sentiment: Multiple articles highlighted Seagate as one of the leading AI infrastructure and memory stocks, with commentary pointing to strong earnings trends and structural demand from cloud and AI customers. Zacks article on AI infrastructure stocks
• Positive Sentiment: Seagate’s plan to redeem $150.7 million of exchangeable notes due 2028 should modestly improve the balance sheet and reduce future debt-related risk. Yahoo Finance article on debt redemption
• Neutral Sentiment: Some commentary suggested the stock may already reflect a lot of the good news, with one Seeking Alpha piece arguing Seagate is performing well but leaves limited upside from current levels. Seeking Alpha article on Seagate valuation
• Neutral Sentiment: Another market note said Seagate has benefited from a broader memory shortage and stronger pricing, but the article focused more on the industry backdrop than on a new company-specific catalyst. MarketBeat article on memory stocks

Seagate Technology Stock Up 7.6%

STX stock opened at $968.53 on Tuesday. The company’s 50 day moving average price is $827.45 and its 200 day moving average price is $535.71. The firm has a market capitalization of $217.17 billion, a price-to-earnings ratio of 91.89 and a beta of 2.04. Seagate Technology Holdings PLC has a fifty-two week low of $138.30 and a fifty-two week high of $1,145.00. The company has a debt-to-equity ratio of 3.16, a quick ratio of 0.85 and a current ratio of 1.33.

Seagate Technology (NASDAQ:STX) last issued its quarterly earnings results on Tuesday, April 28th. The data storage provider reported $4.10 earnings per share (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 company had revenue of $3.11 billion during the quarter, compared to the consensus estimate of $2.96 billion. During the same quarter in the previous year, the firm earned $1.90 earnings per share. The firm’s quarterly revenue was up 44.1% on a year-over-year basis. Seagate Technology has set its Q4 2026 guidance at 4.800-5.200 EPS. On average, equities research analysts anticipate that Seagate Technology Holdings PLC will post 14.14 EPS for the current fiscal year.

Seagate Technology Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 7th. Stockholders 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 dividend yield of 0.3%. The ex-dividend date of this dividend is Wednesday, June 24th. Seagate Technology’s payout ratio is 28.08%.

Wall Street Analysts Forecast Growth

STX has been the topic of several research reports. Evercore increased their price target on shares of Seagate Technology from $750.00 to $1,000.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 12th. Barclays upped their target price on shares of Seagate Technology from $750.00 to $1,000.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 27th. The Goldman Sachs Group increased their target price on shares of Seagate Technology from $385.00 to $700.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th. Sanford C. Bernstein raised their price target on shares of Seagate Technology from $620.00 to $1,000.00 and gave the company an “outperform” rating in a research report on Wednesday, April 29th. Finally, BNP Paribas Exane boosted their price target on shares of Seagate Technology from $530.00 to $860.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $874.52.

Insider Activity

In related news, CFO Gianluca Romano sold 22,488 shares of the stock in a transaction on Wednesday, May 6th. The stock was sold at an average price of $774.22, for a total value of $17,410,659.36. Following the transaction, the chief financial officer owned 42,847 shares of the company’s stock, valued at $33,173,004.34. This represents a 34.42% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP John Christopher Morris sold 5,626 shares of the firm’s stock in a transaction on 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 sale, the executive vice president owned 11,954 shares in the company, valued at approximately $8,826,474.98. This represents a 32.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 141,069 shares of company stock worth $107,161,712. 0.79% of the stock is currently owned by company insiders.

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.