New York State Teachers Retirement System Decreases Holdings in Seagate Technology Holdings PLC $STX

New York State Teachers Retirement System trimmed its position in Seagate Technology Holdings PLC (NASDAQ:STX) by 0.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 185,709 shares of the data storage provider’s stock after selling 1,335 shares during the period. New York State Teachers Retirement System’s holdings in Seagate Technology were worth $72,753,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in STX. PFA Pension Forsikringsaktieselskab acquired a new stake in Seagate Technology in the 4th quarter worth approximately $23,882,000. Sumitomo Mitsui Trust Group Inc. grew its position in Seagate Technology by 1.2% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 518,806 shares of the data storage provider’s stock worth $142,874,000 after purchasing an additional 6,028 shares during the last quarter. Praxis Investment Management Inc. increased its stake in Seagate Technology by 56.5% during the 4th quarter. Praxis Investment Management Inc. now owns 6,615 shares of the data storage provider’s stock valued at $1,822,000 after purchasing an additional 2,389 shares in the last quarter. Ritholtz Wealth Management raised its holdings in shares of Seagate Technology by 64.5% in the fourth quarter. Ritholtz Wealth Management now owns 21,321 shares of the data storage provider’s stock worth $5,872,000 after buying an additional 8,358 shares during the last quarter. Finally, Caprock Group LLC raised its holdings in shares of Seagate Technology by 25.3% in the fourth quarter. Caprock Group LLC now owns 18,248 shares of the data storage provider’s stock worth $5,043,000 after buying an additional 3,680 shares during the last quarter. Hedge funds and other institutional investors own 92.87% of the company’s stock.

Seagate Technology Stock Performance

Shares of NASDAQ STX opened at $820.16 on Friday. The company has a 50 day simple moving average of $848.51 and a two-hundred day simple moving average of $548.43. The stock has a market cap of $183.90 billion, a price-to-earnings ratio of 77.81 and a beta of 2.04. The company has a current ratio of 1.33, a quick ratio of 0.85 and a debt-to-equity ratio of 3.16. Seagate Technology Holdings PLC has a 12 month low of $138.30 and a 12 month high of $1,145.00.

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 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 for the quarter, compared to analyst estimates of $2.96 billion. During the same quarter in the prior year, the business earned $1.90 earnings per share. The business’s quarterly revenue 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. As a group, analysts predict that Seagate Technology Holdings PLC will post 14.26 earnings per share for the current year.

Seagate Technology Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 7th. Shareholders 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 yield of 0.4%. The ex-dividend date of this dividend is Wednesday, June 24th. Seagate Technology’s dividend payout ratio (DPR) is currently 28.08%.

Insider Buying and Selling

In other news, CEO William D. Mosley sold 30,000 shares of the company’s stock in a transaction dated 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 owned 339,591 shares in the company, valued at $255,131,322.39. This 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 through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Ban Seng Teh sold 8,003 shares of the firm’s stock in a transaction dated Thursday, May 14th. The stock was sold at an average price of $817.28, for a total value of $6,540,691.84. Following the sale, the executive vice president directly owned 3,691 shares in the company, valued at approximately $3,016,580.48. This trade represents a 68.44% 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. Over the last 90 days, insiders have sold 151,069 shares of company stock worth $126,191,753. Corporate insiders own 0.79% of the company’s stock.

Trending Headlines about Seagate Technology

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

• Positive Sentiment: Bank of America raised its price target on Seagate to $1,150 from $1,000 and kept a buy rating, signaling confidence in upside potential. Benzinga article
• Positive Sentiment: Zacks upgraded Seagate to a Strong Buy, citing improving earnings expectations and strengthening growth momentum. Zacks article
• Positive Sentiment: Zacks also highlighted Seagate as an “incredible growth stock,” pointing to solid growth attributes and strong momentum. Zacks article
• Neutral Sentiment: Several articles noted Seagate’s data-center business is growing quickly, supported by cloud demand, Mozaic adoption, and long-term supply agreements through fiscal 2027. Zacks article
• Negative Sentiment: Shares fell with the broader memory group as traders worried about a possible supply glut; the weakness was described as a sector-wide pullback rather than a company-specific issue. 247WallSt article
• Negative Sentiment: CEO William D. Mosley disclosed two stock sales totaling more than 30,000 shares, which can weigh on sentiment even though both were made under a pre-arranged 10b5-1 trading plan.
• Negative Sentiment: Zacks Research downgraded Seagate from Strong Buy to Hold, creating a small headwind for bullish investor sentiment. Zacks.com article

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. 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 note on Wednesday, April 29th. BNP Paribas Exane raised their target price on Seagate Technology from $530.00 to $860.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 29th. Argus raised their target price on Seagate Technology from $450.00 to $750.00 and gave the stock a “buy” rating in a research note on Thursday, April 30th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Seagate Technology in a research report on Wednesday, June 24th. Finally, Loop Capital boosted their price target on Seagate Technology from $950.00 to $1,140.00 and gave the company a “buy” rating in a research note on Friday, May 15th. Twenty-one analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $880.52.

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.