Seagate Technology Holdings PLC $STX Holdings Increased by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund grew its stake in Seagate Technology Holdings PLC (NASDAQ:STX) by 27.2% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 24,935 shares of the data storage provider’s stock after purchasing an additional 5,330 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Seagate Technology were worth $22,999,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Retirement Wealth Solutions LLC grew its stake in shares of Seagate Technology by 70.6% during the second quarter. Retirement Wealth Solutions LLC now owns 29 shares of the data storage provider’s stock worth $28,000 after purchasing an additional 12 shares during the period. Bridgewater Advisors Inc. increased its holdings in Seagate Technology by 0.9% in the first quarter. Bridgewater Advisors Inc. now owns 1,477 shares of the data storage provider’s stock valued at $579,000 after purchasing an additional 13 shares during the last quarter. Baker Tilly Wealth Management LLC increased its holdings in Seagate Technology by 4.6% in the third quarter. Baker Tilly Wealth Management LLC now owns 319 shares of the data storage provider’s stock valued at $295,000 after purchasing an additional 14 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC lifted its stake in Seagate Technology by 23.1% in the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 80 shares of the data storage provider’s stock valued at $31,000 after buying an additional 15 shares during the period. Finally, One River Asset Management LLC lifted its stake in Seagate Technology by 50.0% in the third quarter. One River Asset Management LLC now owns 45 shares of the data storage provider’s stock valued at $42,000 after buying an additional 15 shares during the period. Institutional investors and hedge funds own 92.87% of the company’s stock.

Seagate Technology Price Performance

Shares of STX stock opened at $501.62 on Wednesday. The company has a quick ratio of 1.25, a current ratio of 1.82 and a debt-to-equity ratio of 0.68. Seagate Technology Holdings PLC has a 12-month low of $228.61 and a 12-month high of $1,145.00. The firm has a fifty day moving average of $756.58 and a 200-day moving average of $695.40. The firm has a market capitalization of $115.15 billion, a price-to-earnings ratio of 26.35 and a beta of 2.16.

Seagate Technology (NASDAQ:STX) last issued its quarterly earnings data on Tuesday, October 27th. The data storage provider reported $7.68 EPS for the quarter, topping the consensus estimate of $7.44 by $0.24. The business had revenue of $4.23 billion for the quarter, compared to the consensus estimate of $4.15 billion. Seagate Technology had a return on equity of 252.47% and a net margin of 31.86%. The firm’s revenue was up 61.0% compared to the same quarter last year. During the same quarter last year, the business posted $2.61 EPS. On average, equities research analysts forecast that Seagate Technology Holdings PLC will post 37.96 earnings per share for the current year.

Seagate Technology Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 7th. Shareholders of record on Wednesday, December 23rd will be paid a $0.76 dividend. The ex-dividend date of this dividend is Wednesday, December 23rd. This is a positive change from Seagate Technology’s previous quarterly dividend of $0.74. This represents a $3.04 dividend on an annualized basis and a yield of 0.6%. Seagate Technology’s payout ratio is presently 15.97%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. JPMorgan Chase & Co. raised their target price on Seagate Technology from $1,095.00 to $1,240.00 and gave the stock an “overweight” rating in a report on Wednesday, July 29th. Barclays upped their price target on Seagate Technology from $1,000.00 to $1,250.00 and gave the company an “overweight” rating in a research note on Thursday, July 30th. Susquehanna lowered their price target on Seagate Technology from $925.00 to $765.00 and set a “neutral” rating for the company in a research note on Wednesday, October 28th. Wall Street Zen upgraded shares of Seagate Technology from a “buy” rating to a “strong-buy” rating in a research report on Saturday, September 26th. Finally, TD Cowen reduced their price objective on shares of Seagate Technology from $1,000.00 to $900.00 and set a “buy” rating on the stock in a research note on Wednesday, October 28th. Twenty-three analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $1,000.88.

More Seagate Technology News

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

• Positive Sentiment: Seagate launched the FireCuda Forge, an external drive using its new Alkemi intelligent storage platform. The company says dynamic caching is designed to combine SSD-like responsiveness with HDD capacity, targeting gamers and content creators. The launch expands its product offering, though its effect on revenue is not yet clear. Seagate FireCuda Forge announcement
• Positive Sentiment: A Morgan Stanley outlook cited strong fundamentals despite weak investor sentiment and maintained a $1,148 price target, suggesting substantial potential upside in the analyst’s view. The article also noted STX had dropped about 15% over the prior week, highlighting volatility and the gap between recent performance and that bullish forecast. Morgan Stanley outlook on Seagate
• Positive Sentiment: Recent coverage points to record first-quarter fiscal 2027 profit and rising earnings estimates for fiscal 2027 and 2028. Continued AI-related storage demand is a potential growth driver, although expectations are already an important part of the investment case. Seagate earnings and AI storage demand
• Neutral Sentiment: A short-interest report describes a large increase but gives the total short interest as zero shares, an internally inconsistent figure that offers no dependable signal about investor positioning.
• Negative Sentiment: STX has recently been volatile and faced a sharp pullback, which may keep near-term sentiment fragile even as analysts point to strong fundamentals. The new product announcement does not yet establish how much near-term earnings it could generate.

Insider Buying and Selling

In other Seagate Technology news, CEO William D. Mosley sold 6,720 shares of the stock in a transaction dated Monday, November 2nd. The stock was sold at an average price of $622.82, for a total value of $4,185,350.40. Following the completion of the sale, the chief executive officer directly owned 346,108 shares in the company, valued at $215,562,984.56. This represents a 1.90% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP James Lee sold 547 shares of the firm’s stock in a transaction dated Friday, October 23rd. The stock was sold at an average price of $642.14, for a total value of $351,250.58. Following the sale, the executive vice president directly owned 1,037 shares in the company, valued at approximately $665,899.18. This represents a 34.53% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 447,108 shares of company stock valued at $356,049,743. 0.51% of the stock is owned by company insiders.

Seagate Technology Profile

Seagate Technology develops and supplies data-storage products and solutions for businesses and consumers. Its portfolio includes hard disk drives (HDDs), solid-state drives, and storage systems designed for applications ranging from personal computing to large-scale data centers. The company’s products support cloud and enterprise storage, network-attached storage, video surveillance, gaming, and other uses that require digital data to be stored and accessed. Seagate also offers data-management and storage services through its Lyve platform.