Teacher Retirement System of Texas Buys 101,266 Shares of Seagate Technology Holdings PLC $STX

Teacher Retirement System of Texas grew its stake in shares of Seagate Technology Holdings PLC (NASDAQ:STX) by 293.8% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 135,737 shares of the data storage provider’s stock after purchasing an additional 101,266 shares during the period. Teacher Retirement System of Texas owned about 0.06% of Seagate Technology worth $37,381,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Integrated Wealth Concepts LLC raised its holdings in shares of Seagate Technology by 168.0% in the first quarter. Integrated Wealth Concepts LLC now owns 7,177 shares of the data storage provider’s stock valued at $610,000 after purchasing an additional 4,499 shares during the last quarter. Sivia Capital Partners LLC purchased a new stake in shares of Seagate Technology in the second quarter valued at about $262,000. Cerity Partners LLC raised its holdings in shares of Seagate Technology by 25.8% in the second quarter. Cerity Partners LLC now owns 36,682 shares of the data storage provider’s stock valued at $5,294,000 after purchasing an additional 7,517 shares during the last quarter. Sei Investments Co. boosted its stake in shares of Seagate Technology by 64.8% in the 2nd quarter. Sei Investments Co. now owns 8,543 shares of the data storage provider’s stock worth $1,233,000 after buying an additional 3,358 shares during the last quarter. Finally, The Manufacturers Life Insurance Company boosted its stake in shares of Seagate Technology by 0.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 127,887 shares of the data storage provider’s stock worth $18,458,000 after buying an additional 462 shares during the last quarter. 92.87% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, CEO William D. Mosley sold 24,584 shares of Seagate Technology stock in a transaction that occurred on Thursday, March 19th. The shares were sold at an average price of $406.77, for a total value of $10,000,033.68. Following the completion of the transaction, the chief executive officer directly owned 375,591 shares in the company, valued at approximately $152,779,151.07. The trade was a 6.14% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP James Ci Lee sold 673 shares of Seagate Technology stock in a transaction that occurred on Monday, January 26th. The shares were sold at an average price of $348.85, for a total transaction of $234,776.05. Following the completion of the transaction, the executive vice president owned 257 shares of the company’s stock, valued at $89,654.45. This represents a 72.37% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 112,223 shares of company stock worth $46,711,217 in the last three months. Insiders own 0.79% of the company’s stock.

Analyst Upgrades and Downgrades

STX has been the topic of a number of research analyst reports. Susquehanna boosted their target price on Seagate Technology from $420.00 to $485.00 and gave the stock a “neutral” rating in a research note on Friday, April 10th. Argus boosted their target price on Seagate Technology from $300.00 to $450.00 and gave the stock a “buy” rating in a research note on Thursday, January 29th. Cantor Fitzgerald boosted their target price on Seagate Technology from $500.00 to $650.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 4th. TD Cowen boosted their target price on Seagate Technology from $340.00 to $500.00 and gave the stock a “buy” rating in a research note on Wednesday, January 28th. Finally, Citigroup boosted their target price on Seagate Technology from $480.00 to $595.00 and gave the stock a “buy” rating in a research note on Monday, April 13th. 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, Seagate Technology presently has an average rating of “Moderate Buy” and a consensus target price of $514.13.

Seagate Technology Trading Up 1.3%

NASDAQ:STX opened at $587.62 on Friday. The company has a current ratio of 1.12, a quick ratio of 0.72 and a debt-to-equity ratio of 7.63. The stock has a market capitalization of $128.14 billion, a PE ratio of 66.47, a price-to-earnings-growth ratio of 0.96 and a beta of 1.61. The firm’s 50 day moving average is $434.69 and its 200 day moving average is $342.52. Seagate Technology Holdings PLC has a 12 month low of $79.14 and a 12 month high of $607.89.

Seagate Technology (NASDAQ:STX) last posted its quarterly earnings results on Tuesday, January 27th. The data storage provider reported $3.11 EPS for the quarter, topping analysts’ consensus estimates of $2.77 by $0.34. The company had revenue of $2.83 billion for the quarter, compared to analysts’ expectations of $2.73 billion. Seagate Technology had a net margin of 19.59% and a negative return on equity of 936.38%. Seagate Technology’s revenue was up 21.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.03 EPS. Seagate Technology has set its Q3 2026 guidance at 3.200-3.600 EPS. Sell-side analysts expect that Seagate Technology Holdings PLC will post 12.13 earnings per share for the current year.

Seagate Technology Announces Dividend

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

Seagate Technology News Summary

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

• Positive Sentiment: Barclays upgraded STX to Overweight and raised its price target to $625, citing more runway in the HDD/AI cycle and room for further gains — a high-profile upgrade that likely prompted buying and lifted sentiment. Barclays Just Lifted Seagate Price Target From $425 to $625
• Positive Sentiment: Other broker bullishness (Bank of America, UBS and average broker sentiment moving toward “moderate buy”) has reinforced the upgrade momentum and raised investor conviction on STX’s earnings leverage to AI/data growth. Seagate Receives Average Recommendation of “Moderate Buy”
• Positive Sentiment: Seagate unveiled new high-capacity consumer and prosumer storage aimed at gaming and AI-driven creative workloads — product wins that support revenue growth narratives and the company’s positioning in expanding data-center and edge storage markets. Seagate Introduces Storage Built for Consumer Data Explosion
• Positive Sentiment: Recent coverage highlights Seagate’s strong top-line momentum and AI-driven demand (analysts pointing to another leg of the rally after big revenue beats), which supports higher multiple expansion. Why Seagate (STX) Stock Is Trading Up Today
• Neutral Sentiment: Defiance launched a 2x single-stock ETF (STXL) for STX, which can boost short-term volume and volatility by making leveraged exposure easier for traders — increases liquidity but also risk. Defiance Launches STXL: 2X Leveraged ETF on Seagate Technology Holdings plc
• Neutral Sentiment: Media/TV mentions (e.g., CNBC/Cramer roundups) keep Seagate in the spotlight; useful for retail interest but not a direct fundamental driver. Cramer Names ‘The Stocks That Got Away’
• Negative Sentiment: Valuation and leverage are potential headwinds — STX now trades at a high P/E and carries significant net leverage (debt-to-equity materially elevated), which raises downside risk if AI storage demand normalizes or growth disappoints.

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.