Saudi Central Bank Buys 7,248 Shares of Seagate Technology Holdings PLC $STX

Saudi Central Bank lifted its stake in shares of Seagate Technology Holdings PLC (NASDAQ:STX) by 90.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 15,290 shares of the data storage provider’s stock after buying an additional 7,248 shares during the period. Saudi Central Bank’s holdings in Seagate Technology were worth $14,755,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of STX. NI Acquisitions Company LLC bought a new position in Seagate Technology during the 2nd quarter valued at $4,706,000. NBH Bank purchased a new position in Seagate Technology during the 2nd quarter worth $207,000. AlphaGrep UK Ltd bought a new stake in shares of Seagate Technology in the 2nd quarter worth $759,000. William John Sempolinski bought a new stake in shares of Seagate Technology in the 2nd quarter worth $651,000. Finally, Old Mission Investment Co LLC purchased a new stake in shares of Seagate Technology in the second quarter valued at about $410,000. Institutional investors own 92.87% of the company’s stock.

Insider Transactions at Seagate Technology

In other Seagate Technology news, CFO Gianluca Romano sold 14,091 shares of the firm’s stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $811.25, for a total transaction of $11,431,323.75. Following the sale, the chief financial officer owned 21,543 shares in the company, valued at $17,476,758.75. This trade represents a 39.54% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO William D. Mosley sold 30,000 shares of Seagate Technology stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of $816.28, for a total value of $24,488,400.00. Following the sale, the chief executive officer directly owned 295,168 shares of the company’s stock, valued at approximately $240,939,735.04. This trade represents a 9.23% decrease in their position. 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 sold 191,765 shares of company stock worth $161,865,249 in the last three months. Insiders own 0.79% of the company’s stock.

Seagate Technology Trading Up 6.3%

Shares of STX opened at $849.28 on Friday. Seagate Technology Holdings PLC has a 1-year low of $183.02 and a 1-year high of $1,145.00. The company has a market capitalization of $192.49 billion, a P/E ratio of 61.19 and a beta of 2.06. The company has a debt-to-equity ratio of 1.56, a current ratio of 1.67 and a quick ratio of 1.17. The firm’s 50 day simple moving average is $851.92 and its 200 day simple moving average is $709.75.

Seagate Technology (NASDAQ:STX) last released its quarterly earnings results on Tuesday, July 28th. The data storage provider reported $5.71 EPS for the quarter, topping analysts’ consensus estimates of $5.10 by $0.61. The business had revenue of $3.63 billion during the quarter, compared to analysts’ expectations of $3.50 billion. Seagate Technology had a net margin of 26.11% and a return on equity of 369.98%. The business’s quarterly revenue was up 48.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.59 EPS. Seagate Technology has set its Q1 2027 guidance at 7.100-7.500 EPS. Sell-side analysts forecast that Seagate Technology Holdings PLC will post 35.7 earnings per share for the current fiscal year.

Seagate Technology Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 7th. Investors of record on Thursday, September 24th will be given a $0.74 dividend. The ex-dividend date is Thursday, September 24th. This represents a $2.96 annualized dividend and a yield of 0.3%. Seagate Technology’s payout ratio is 21.33%.

Key Stories Impacting Seagate Technology

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

• Positive Sentiment: A rally that began in NAND memory broadened across the storage complex, with Seagate benefiting alongside SK Hynix and other memory-linked companies. The strength suggests investors are increasing exposure to companies positioned to supply AI data centers and expanding storage capacity. SK Hynix Surges 7% as Memory Bid Widens Beyond NAND; Seagate Rallies 5%
• Positive Sentiment: The broader AI trade remained a leading market theme, supporting semiconductor and storage shares. Seagate’s recent results reinforce the bullish case: quarterly revenue rose 48.5% year over year to $3.63 billion, while EPS of $5.71 exceeded estimates and management guided to $7.10–$7.50 in fiscal first-quarter 2027 EPS. Memory, Other AI-Related Stocks Lead the Market’s Top Performers Friday
• Neutral Sentiment: Director Yolanda Lee Conyers sold 750 shares for approximately $611,000, but the transaction was executed under a pre-arranged Rule 10b5-1 plan. The sale is therefore a limited signal of changing insider sentiment.
• Negative Sentiment: CEO William Mosley separately sold 30,000 shares valued at approximately $24.5 million under a 10b5-1 plan. Although he retained a substantial stake, the sizable insider sale may weigh modestly on sentiment, particularly after STX’s strong run and elevated valuation.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. Barclays boosted their price target on shares of Seagate Technology from $1,000.00 to $1,250.00 and gave the stock an “overweight” rating in a report on Thursday, July 30th. Melius Research assumed coverage on Seagate Technology in a research report on Monday, June 29th. They set a “buy” rating and a $1,600.00 price target on the stock. Susquehanna increased their price target on shares of Seagate Technology from $775.00 to $875.00 and gave the stock a “neutral” rating in a report on Wednesday, July 29th. Weiss Ratings restated a “buy (b)” rating on shares of Seagate Technology in a research report on Wednesday, June 24th. Finally, Rosenblatt Securities raised their price target on shares of Seagate Technology from $1,300.00 to $1,400.00 and gave the company a “buy” rating in a report on Wednesday, July 29th. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $986.00.

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.