Seagate Technology Holdings PLC $STX Shares Bought by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Seagate Technology Holdings PLC (NASDAQ:STX) by 1.6% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 56,229 shares of the data storage provider’s stock after acquiring an additional 911 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Seagate Technology were worth $15,485,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in STX. WCM Investment Management LLC acquired a new position in Seagate Technology during the third quarter worth $1,187,621,000. Arrowstreet Capital Limited Partnership raised its position in Seagate Technology by 1,072.5% during the third quarter. Arrowstreet Capital Limited Partnership now owns 2,949,512 shares of the data storage provider’s stock worth $696,262,000 after acquiring an additional 2,697,957 shares during the period. Massachusetts Financial Services Co. MA raised its position in Seagate Technology by 1,510.1% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 2,008,516 shares of the data storage provider’s stock worth $553,125,000 after acquiring an additional 1,883,769 shares during the period. Soroban Capital Partners LP raised its position in Seagate Technology by 1,468.1% during the second quarter. Soroban Capital Partners LP now owns 1,417,600 shares of the data storage provider’s stock worth $204,602,000 after acquiring an additional 1,327,197 shares during the period. Finally, Trivest Advisors Ltd acquired a new position in Seagate Technology during the third quarter worth $170,435,000. 92.87% of the stock is currently owned by institutional investors and hedge funds.

Seagate Technology Trading Up 3.6%

Shares of STX opened at $579.88 on Thursday. The company has a current ratio of 1.12, a quick ratio of 0.72 and a debt-to-equity ratio of 7.63. Seagate Technology Holdings PLC has a 12-month low of $77.56 and a 12-month high of $586.00. The firm has a 50-day moving average price of $431.56 and a 200 day moving average price of $340.81. The firm has a market capitalization of $126.46 billion, a P/E ratio of 65.60, a P/E/G ratio of 0.93 and a beta of 1.61.

Seagate Technology (NASDAQ:STX) last announced its quarterly earnings data 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. Seagate Technology had a net margin of 19.59% and a negative return on equity of 936.38%. The firm had revenue of $2.83 billion during the quarter, compared to analyst estimates of $2.73 billion. During the same quarter in the prior year, the firm posted $2.03 earnings per share. Seagate Technology’s quarterly revenue was up 21.5% on a year-over-year basis. Seagate Technology has set its Q3 2026 guidance at 3.200-3.600 EPS. Sell-side analysts forecast that Seagate Technology Holdings PLC will post 12.13 EPS for the current year.

Seagate Technology Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 8th. Investors of record on Wednesday, March 25th were issued a $0.74 dividend. The ex-dividend date of this dividend was Wednesday, March 25th. This represents a $2.96 dividend on an annualized basis and a dividend yield of 0.5%. Seagate Technology’s dividend payout ratio is currently 33.48%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on STX. Loop Capital upped their price objective on shares of Seagate Technology from $465.00 to $700.00 and gave the stock a “buy” rating in a research report on Monday, February 9th. Zacks Research lowered shares of Seagate Technology from a “strong-buy” rating to a “hold” rating in a report on Monday, March 30th. UBS Group upped their target price on shares of Seagate Technology from $440.00 to $515.00 and gave the stock a “neutral” rating in a report on Tuesday. Morgan Stanley upped their target price on shares of Seagate Technology from $468.00 to $582.00 and gave the stock an “overweight” rating in a report on Monday, April 6th. Finally, Barclays raised shares of Seagate Technology from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $425.00 to $625.00 in a report on Wednesday. Twenty investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $514.13.

Seagate Technology News Roundup

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

• Positive Sentiment: Big analyst upgrade and higher price target from Barclays — Barclays moved STX to Overweight (buy) and lifted its price target to $625, signaling more upside tied to the HDD/AI cycle. Barclays Just Lifted Seagate Price Target From $425 to $625
• Positive Sentiment: Additional bullish analyst moves — Bank of America and other brokers raised price targets and coverage consensus has moved toward a “moderate buy,” adding upward momentum. Seagate Receives Average Recommendation of “Moderate Buy” from Brokerages
• Positive Sentiment: Fundamentals and AI demand — Recent commentary and reports point to strong AI-driven storage demand and revenue/earnings upside (recent quarters showed double‑digit revenue growth), underpinning the rally to record highs. Seagate Stock Upgraded To Buy Rating. Here’s Why There Is ‘Another Leg’ To AI-Fueled Rally.
• Neutral Sentiment: Momentum and market coverage — Multiple market outlets (Zacks, MSN, Benzinga) are highlighting STX as a top momentum/growth stock, which can extend runs but also attracts short-term traders. Here’s Why Seagate (STX) is a Strong Growth Stock
• Neutral Sentiment: Upcoming earnings and guidance scrutiny — Wall Street expects further earnings growth and Seagate has near-term guidance that investors will parse closely; beats could reinforce the rally, misses could reverse it. Seagate (STX) Reports Next Week: Wall Street Expects Earnings Growth
• Negative Sentiment: Valuation and balance-sheet risks — Commentators warn the stock is richly valued after a multi-hundred-percent run; Seagate’s high debt-to-equity ratio and atypical ROE metrics are risk factors if demand or pricing softens. Is Western Digital Stock a Buy, Sell, or Hold After Hitting a 52-Week High?
• Negative Sentiment: Mixed analyst signals — Some firms (UBS noted in recent coverage) remain neutral or show less upside, leaving the path dependent on execution and AI capacity demand sustaining high growth. Benzinga coverage (UBS price-target mention)

Insider Transactions at Seagate Technology

In related news, CEO William D. Mosley sold 20,000 shares of the company’s stock in a transaction dated Wednesday, April 1st. The shares were sold at an average price of $420.73, for a total value of $8,414,600.00. Following the completion of the sale, the chief executive officer owned 355,591 shares of the company’s stock, valued at approximately $149,607,801.43. This represents a 5.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Kian Fatt Chong sold 5,846 shares of the company’s stock in a transaction dated Monday, February 23rd. The shares were sold at an average price of $416.48, for a total transaction of $2,434,742.08. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 112,223 shares of company stock valued at $46,711,217 in the last three months. 0.79% of the stock is currently owned by corporate insiders.

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.