State of New Jersey Common Pension Fund D Boosts Stock Holdings in Seagate Technology Holdings PLC $STX

State of New Jersey Common Pension Fund D lifted its holdings in Seagate Technology Holdings PLC (NASDAQ:STX) by 7.7% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 74,406 shares of the data storage provider’s stock after purchasing an additional 5,294 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Seagate Technology were worth $17,564,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. National Pension Service raised its position in shares of Seagate Technology by 28.0% during the 3rd quarter. National Pension Service now owns 250,121 shares of the data storage provider’s stock worth $59,044,000 after purchasing an additional 54,722 shares during the last quarter. Vision Financial Markets LLC purchased a new stake in Seagate Technology during the 2nd quarter worth approximately $173,000. Tokio Marine Asset Management Co. Ltd. purchased a new position in shares of Seagate Technology in the third quarter valued at approximately $1,864,000. Nordea Investment Management AB boosted its stake in shares of Seagate Technology by 18.0% in the second quarter. Nordea Investment Management AB now owns 18,422 shares of the data storage provider’s stock worth $2,632,000 after acquiring an additional 2,808 shares during the last quarter. Finally, Central Asset Investments & Management Holdings HK Ltd increased its position in shares of Seagate Technology by 185.8% during the second quarter. Central Asset Investments & Management Holdings HK Ltd now owns 18,734 shares of the data storage provider’s stock worth $2,704,000 after purchasing an additional 12,178 shares in the last quarter. 92.87% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Seagate Technology in a research note on Monday, December 29th. Bank of America raised their price target on shares of Seagate Technology from $320.00 to $400.00 and gave the stock a “buy” rating in a research note on Tuesday, January 20th. Morgan Stanley upped their price objective on shares of Seagate Technology from $337.00 to $372.00 and gave the company an “overweight” rating in a research note on Thursday, January 22nd. Jefferies Financial Group reissued a “hold” rating on shares of Seagate Technology in a research note on Wednesday, February 4th. Finally, Rosenblatt Securities boosted their target price on Seagate Technology from $370.00 to $500.00 and gave the stock a “buy” rating in a report on Wednesday, January 28th. Eighteen analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $444.09.

Insiders Place Their Bets

In related news, CEO William D. Mosley sold 20,000 shares of the stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $429.27, for a total transaction of $8,585,400.00. Following the transaction, the chief executive officer owned 410,056 shares of the company’s stock, valued at approximately $176,024,739.12. This represents a 4.65% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Jay L. Geldmacher sold 925 shares of Seagate Technology stock in a transaction dated Friday, January 30th. The shares were sold at an average price of $448.02, for a total value of $414,418.50. Following the completion of the transaction, the director directly owned 223 shares of the company’s stock, valued at approximately $99,908.46. This represents a 80.57% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 83,955 shares of company stock valued at $29,925,749. Insiders own 0.79% of the company’s stock.

Seagate Technology Trading Down 1.2%

Shares of STX stock opened at $425.99 on Tuesday. Seagate Technology Holdings PLC has a 1-year low of $63.19 and a 1-year high of $459.84. The firm has a market cap of $92.90 billion, a PE ratio of 48.19, a price-to-earnings-growth ratio of 0.95 and a beta of 1.62. The company has a 50-day moving average of $338.27 and a two-hundred day moving average of $260.72. The company has a debt-to-equity ratio of 7.63, a current ratio of 1.12 and a quick ratio of 0.72.

Seagate Technology (NASDAQ:STX) last released its quarterly earnings results on Tuesday, January 27th. The data storage provider reported $3.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.77 by $0.34. The business had revenue of $2.83 billion for the quarter, compared to the consensus estimate of $2.73 billion. Seagate Technology had a net margin of 19.59% and a negative return on equity of 936.38%. The business’s revenue was up 21.5% on a year-over-year basis. During the same period in the previous year, the firm earned $2.03 EPS. Seagate Technology has set its Q3 2026 guidance at 3.200-3.600 EPS. On average, analysts predict that Seagate Technology Holdings PLC will post 6.83 EPS for the current year.

Seagate Technology Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 8th. Stockholders of record on Wednesday, March 25th will be given a dividend of $0.74 per share. This represents a $2.96 annualized dividend and a dividend yield of 0.7%. The ex-dividend date is Wednesday, March 25th. Seagate Technology’s dividend payout ratio (DPR) is currently 33.48%.

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.