Lotus Asset Management LLC Invests $676,000 in Seagate Technology Holdings PLC $STX

Lotus Asset Management LLC purchased a new position in Seagate Technology Holdings PLC (NASDAQ:STX) in the second quarter, HoldingsChannel reports. The fund purchased 700 shares of the data storage provider’s stock, valued at approximately $676,000. Seagate Technology makes up about 0.6% of Lotus Asset Management LLC’s portfolio, making the stock its 18th biggest holding.

Other institutional investors have also recently added to or reduced their stakes in the company. California State Teachers Retirement System grew its holdings in Seagate Technology by 102,975.8% during the 2nd quarter. California State Teachers Retirement System now owns 316,744,845 shares of the data storage provider’s stock worth $305,658,775,000 after acquiring an additional 316,437,552 shares in the last quarter. Wellington Management Group LLP increased its position in shares of Seagate Technology by 2,655.9% in the 2nd quarter. Wellington Management Group LLP now owns 2,414,136 shares of the data storage provider’s stock worth $2,329,641,000 after purchasing an additional 2,326,538 shares during the last quarter. Norges Bank acquired a new stake in shares of Seagate Technology in the 4th quarter valued at about $498,363,000. Soroban Capital Partners LP raised its stake in shares of Seagate Technology by 1,468.1% in the 2nd quarter. Soroban Capital Partners LP now owns 1,417,600 shares of the data storage provider’s stock valued at $204,602,000 after purchasing an additional 1,327,197 shares in the last quarter. Finally, Janus Henderson Group PLC lifted its position in shares of Seagate Technology by 3,872.1% during the first quarter. Janus Henderson Group PLC now owns 967,528 shares of the data storage provider’s stock worth $378,985,000 after purchasing an additional 943,170 shares during the last quarter. 92.87% of the stock is owned by institutional investors and hedge funds.

More Seagate Technology News

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

• Positive Sentiment: Seagate’s HAMR technology and Mozaic platform are increasing drive capacity, exabyte shipments and operating efficiency. Rising demand for high-capacity storage from AI data centers supports the company’s growth outlook. Seagate’s HAMR Bet is Paying Off
• Positive Sentiment: Analysts and market commentators continue to see additional upside, citing strong demand visibility and reports that much of Seagate’s expected drive production is already committed. Bull of the Day: Seagate Technology Here’s the One Storage Stock I’d Buy With $2,000
• Positive Sentiment: A recent price-target discussion argues that Seagate could eventually reach $1,000 if its capacity expansion, AI-driven demand and execution remain on track, reinforcing the bullish long-term narrative. Price Prediction: Seagate Stock Will Hit $1000 on This Date
• Neutral Sentiment: Management’s presentation at Citi’s 2026 Global TMT Conference gives investors another opportunity to assess demand, HAMR adoption and the company’s outlook, but the available report does not identify a material new announcement. Citi’s 2026 Global TMT Conference Transcript
• Neutral Sentiment: Seagate completed redemption of its exchangeable notes. The transaction removes the related debt obligation, although the immediate effect on earnings and valuation is not specified. Seagate Completes Redemption of Exchangeable Notes
• Negative Sentiment: STX has already delivered an exceptional one-year gain and trades at a demanding valuation. That makes the shares vulnerable to profit-taking and less-forgiving reactions even while the long-term AI-storage thesis remains intact.

Analysts Set New Price Targets

A number of research firms recently commented on STX. Loop Capital lifted their price target on Seagate Technology from $950.00 to $1,140.00 and gave the stock a “buy” rating in a research note on Friday, May 15th. Wedbush increased their target price on Seagate Technology from $825.00 to $1,000.00 and gave the stock an “outperform” rating in a report on Wednesday, July 29th. Rosenblatt Securities lifted their target price on Seagate Technology from $1,300.00 to $1,400.00 and gave the stock a “buy” rating in a research report on Wednesday, July 29th. Susquehanna boosted their price target on Seagate Technology from $775.00 to $875.00 and gave the company a “neutral” rating in a report on Wednesday, July 29th. Finally, Argus upped their price target on Seagate Technology from $750.00 to $900.00 and gave the company a “buy” rating in a research report on Thursday, July 30th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, Seagate Technology has an average rating of “Moderate Buy” and an average price target of $986.00.

Seagate Technology Stock Performance

Shares of STX stock opened at $885.92 on Thursday. The company has a quick ratio of 1.17, a current ratio of 1.67 and a debt-to-equity ratio of 1.56. The business has a 50 day moving average of $847.74 and a two-hundred day moving average of $721.54. Seagate Technology Holdings PLC has a 52 week low of $189.90 and a 52 week high of $1,145.00. The company has a market cap of $200.79 billion, a P/E ratio of 63.83 and a beta of 2.06.

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

Seagate Technology Announces Dividend

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

Insider Transactions at Seagate Technology

In other news, EVP John Morris sold 3,516 shares of the company’s stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $849.35, for a total transaction of $2,986,314.60. Following the completion of the transaction, the executive vice president owned 12,805 shares in the company, valued at approximately $10,875,926.75. This represents a 21.54% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO William Mosley sold 30,000 shares of the stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of $816.28, for a total transaction of $24,488,400.00. Following the completion of the sale, the chief executive officer directly owned 295,168 shares in the company, valued at approximately $240,939,735.04. This trade represents a 9.23% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 186,323 shares of company stock valued at $157,393,279 over the last three months. 0.79% of the stock is currently owned by company insiders.

About Seagate Technology

Seagate Technology Holdings plc is a data storage technology company that develops and manufactures mass-capacity storage solutions for businesses and consumers. Its product portfolio is centered on hard disk drives (HDDs), which are used in cloud data centers, enterprise systems, network-attached storage, video and imaging applications, and personal computing.

The company also offers solid-state drives (SSDs), external storage products, storage systems, and related data-management and recovery services.