Lbp Am Sa Has $19.93 Million Stake in Seagate Technology Holdings PLC $STX

Lbp Am Sa reduced its holdings in Seagate Technology Holdings PLC (NASDAQ:STX) by 23.4% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 84,419 shares of the data storage provider’s stock after selling 25,720 shares during the quarter. Lbp Am Sa’s holdings in Seagate Technology were worth $19,928,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the business. Vision Financial Markets LLC acquired a new position in Seagate Technology during the 2nd quarter valued at $173,000. Tokio Marine Asset Management Co. Ltd. bought a new position in shares of Seagate Technology during the 3rd quarter worth about $1,864,000. Nordea Investment Management AB raised its position in shares of Seagate Technology by 18.0% during the second quarter. Nordea Investment Management AB now owns 18,422 shares of the data storage provider’s stock valued at $2,632,000 after buying an additional 2,808 shares during the last quarter. Central Asset Investments & Management Holdings HK Ltd lifted its stake in shares of Seagate Technology by 185.8% in the second quarter. Central Asset Investments & Management Holdings HK Ltd now owns 18,734 shares of the data storage provider’s stock valued at $2,704,000 after buying an additional 12,178 shares during the period. Finally, Channing Capital Management LLC acquired a new stake in Seagate Technology during the second quarter worth about $4,542,000. 92.87% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, CEO William D. Mosley sold 20,000 shares of the stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $262.82, for a total transaction of $5,256,400.00. Following the sale, the chief executive officer owned 465,668 shares in the company, valued at approximately $122,386,863.76. This represents a 4.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Stephanie Tilenius sold 2,046 shares of Seagate Technology stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $266.41, for a total value of $545,074.86. Following the completion of the transaction, the director directly owned 12,244 shares of the company’s stock, valued at $3,261,924.04. This represents a 14.32% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 132,557 shares of company stock valued at $36,847,793. Insiders own 0.79% of the company’s stock.

Seagate Technology Trading Down 0.1%

Shares of Seagate Technology stock opened at $346.10 on Monday. The stock has a market capitalization of $73.91 billion, a price-to-earnings ratio of 44.43, a P/E/G ratio of 1.04 and a beta of 1.60. The firm’s 50-day moving average price is $289.16 and its two-hundred day moving average price is $230.60. Seagate Technology Holdings PLC has a 1-year low of $63.19 and a 1-year high of $350.05.

Seagate Technology Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 9th. Shareholders of record on Wednesday, December 24th were given a $0.74 dividend. This represents a $2.96 annualized dividend and a yield of 0.9%. The ex-dividend date was Wednesday, December 24th. This is a positive change from Seagate Technology’s previous quarterly dividend of $0.72. Seagate Technology’s dividend payout ratio is presently 38.00%.

Seagate Technology News Roundup

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

• Positive Sentiment: Wedbush raised its price target to $380 and kept an “outperform” rating, citing continued strength in AI/data-center HDD demand and pushing upside versus prior targets. Wedbush Raises Price Target on Seagate
• Positive Sentiment: Exane BNP Paribas upgraded STX to “strong-buy” (from hold), reinforcing bullish analyst momentum that has contributed to recent upside. Seagate Raised to Outperform at BNP Paribas Exane
• Positive Sentiment: Multiple broker notes (Rosenblatt, BofA, UBS) and an analyst-led upgrade pushed STX to a 12‑month high, signaling broad institutional conviction in near-term demand. Seagate Hits New 12-Month High After Analyst Upgrade
• Positive Sentiment: Macro narrative: investors are rotating into storage as AI models shift the bottleneck from compute to capacity—benefiting HDD makers like Seagate. This thematic move underpins rising multiples. Forget the Chips, Buy Memory
• Neutral Sentiment: Zacks previews Seagate’s Q2 (reporting Jan. 27), with consensus expecting ~16% revenue growth y/y driven by AI data-center demand and healthy margins—an upcoming catalyst but not a guaranteed beat. Seagate Stock Ahead of Q2 Earnings Release
• Neutral Sentiment: Technical/engineering progress: Seagate’s areal-density roadmap and HAMR/Mozaic drives keep cost-per-TB competitive for hyperscalers, supporting longer-term capacity demand. Seagate Elevates HDD Performance
• Neutral Sentiment: A recent take reassesses Seagate after a ~226% one‑year surge, useful context for investors but primarily descriptive rather than new fundamental news. Reassessing Seagate After Its 226% Surge
• Negative Sentiment: Critical view: Seeking Alpha warns STX now trades at ~29x forward P/E with nearline production committed through 2026, which could cap upside even as demand remains strong—raising valuation risk. Seagate: Outlandish Valuation
• Negative Sentiment: Analyst views are not unanimous—some coverage flagged in The Globe and Mail reflects mixed opinions, which can increase volatility as investors digest competing forecasts. Analysts’ Opinions Are Mixed

Analyst Ratings Changes

A number of brokerages have commented on STX. Citigroup raised their price objective on Seagate Technology from $320.00 to $385.00 and gave the stock a “buy” rating in a research report on Tuesday, January 20th. Sanford C. Bernstein upped their target price on shares of Seagate Technology from $275.00 to $370.00 and gave the company an “outperform” rating in a research note on Thursday, November 6th. Barclays increased their price target on shares of Seagate Technology from $240.00 to $370.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 15th. Wells Fargo & Company lifted their price objective on Seagate Technology from $250.00 to $360.00 and gave the company an “equal weight” rating in a report on Thursday, January 15th. Finally, Loop Capital upped their price objective on Seagate Technology from $350.00 to $465.00 and gave the company a “buy” rating in a research note on Monday, November 10th. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $356.09.

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.