Deutsche Bank AG Raises Position in Seagate Technology Holdings PLC $STX

Deutsche Bank AG increased its holdings in Seagate Technology Holdings PLC (NASDAQ:STX) by 102.0% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,599,962 shares of the data storage provider’s stock after buying an additional 807,962 shares during the period. Deutsche Bank AG’s holdings in Seagate Technology were worth $440,614,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in STX. PFA Pension Forsikringsaktieselskab bought a new position in shares of Seagate Technology during the fourth quarter valued at about $23,882,000. New York State Teachers Retirement System grew its stake in shares of Seagate Technology by 5.0% during the fourth quarter. New York State Teachers Retirement System now owns 187,044 shares of the data storage provider’s stock valued at $51,510,000 after buying an additional 8,991 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. grew its stake in shares of Seagate Technology by 1.2% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 518,806 shares of the data storage provider’s stock valued at $142,874,000 after buying an additional 6,028 shares during the last quarter. Praxis Investment Management Inc. grew its stake in shares of Seagate Technology by 56.5% during the fourth quarter. Praxis Investment Management Inc. now owns 6,615 shares of the data storage provider’s stock valued at $1,822,000 after buying an additional 2,389 shares during the last quarter. Finally, Keystone Investors PTE Ltd. grew its stake in shares of Seagate Technology by 55.7% during the third quarter. Keystone Investors PTE Ltd. now owns 50,321 shares of the data storage provider’s stock valued at $11,879,000 after buying an additional 18,000 shares during the last quarter. Hedge funds and other institutional investors own 92.87% of the company’s stock.

Seagate Technology Stock Performance

Seagate Technology stock opened at $815.99 on Thursday. The company has a current ratio of 1.33, a quick ratio of 0.85 and a debt-to-equity ratio of 3.16. The firm has a 50-day moving average of $689.85 and a 200-day moving average of $468.16. The firm has a market cap of $182.97 billion, a P/E ratio of 77.42 and a beta of 2.04. Seagate Technology Holdings PLC has a 1-year low of $124.63 and a 1-year high of $966.80.

Seagate Technology (NASDAQ:STX) last issued its quarterly earnings data on Tuesday, April 28th. The data storage provider reported $4.10 EPS for the quarter, topping the consensus estimate of $3.51 by $0.59. Seagate Technology had a net margin of 21.60% and a return on equity of 1,005.65%. The business had revenue of $3.11 billion during the quarter, compared to analyst estimates of $2.96 billion. During the same period last year, the business posted $1.90 earnings per share. Seagate Technology’s quarterly revenue was up 44.1% compared to the same quarter last year. Seagate Technology has set its Q4 2026 guidance at 4.800-5.200 EPS. Sell-side analysts expect that Seagate Technology Holdings PLC will post 14.1 EPS for the current year.

Seagate Technology Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 7th. Shareholders of record on Wednesday, June 24th will be issued a $0.74 dividend. The ex-dividend date is Wednesday, June 24th. This represents a $2.96 annualized dividend and a yield of 0.4%. Seagate Technology’s dividend payout ratio (DPR) is 28.08%.

Insiders Place Their Bets

In other Seagate Technology news, EVP Ban Seng Teh sold 8,003 shares of the firm’s stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $817.28, for a total value of $6,540,691.84. Following the completion of the sale, the executive vice president directly owned 3,691 shares in the company, valued at $3,016,580.48. This trade represents a 68.44% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO William D. Mosley sold 13,780 shares of the firm’s stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $924.99, for a total transaction of $12,746,362.20. Following the completion of the sale, the chief executive officer owned 323,591 shares of the company’s stock, valued at $299,318,439.09. This trade represents a 4.08% decrease in their ownership of the stock. 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 a total of 155,187 shares of company stock valued at $108,267,701 over the last ninety days. 0.79% of the stock is owned by corporate insiders.

Seagate Technology News Roundup

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

• Positive Sentiment: Mizuho raised its price target on Seagate to $1,090, citing AI-related growth potential and implying additional upside if demand trends continue. Mizuho raises its Seagate stock price target to $1,090 on AI growth. My models show 130% gains are possible over the next 4 years
• Positive Sentiment: Yahoo Finance highlighted Seagate as gaining on “unprecedented AI-driven demand,” with analysts expecting strong EPS growth over the next several years and recent bullish calls reinforcing the growth story. Seagate Technology (STX) Gaining on Unprecedented AI-Driven Demand
• Positive Sentiment: Recent coverage from Citi and Bank of America also stayed constructive on Seagate, including a BofA target hike to $1,000, signaling continued analyst confidence in the company’s AI storage opportunity. Citi Remains Bullish on Seagate Technology (STX) – Here’s Why
• Neutral Sentiment: Several recent articles frame Seagate as an AI infrastructure beneficiary with Mozaic/HAMR technology and improving revenue and cash flow, but these are mostly reiterations of the bullish thesis rather than new company-specific catalysts. Is Seagate (STX) Quietly Becoming an AI Infrastructure Linchpin Through Its Mozaic Storage Strategy?
• Neutral Sentiment: Some headlines note STX is trading down alongside other semiconductor and storage names due to broader sector weakness and geopolitical/macro worries, which may be weighing on the stock in the short term. Seagate, Amtech, and Lattice Semiconductor Shares Are Falling, What You Need To Know
• Negative Sentiment: One Zacks piece cautioned that despite Seagate’s sharp recent run, valuation risk has risen after the stock’s big surge, which could limit near-term upside. STX Stock Tops Industry Returns in 3 Months: A Smart Investment Now?

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Seagate Technology in a research note on Friday, March 27th. Argus increased their target price on shares of Seagate Technology from $450.00 to $750.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. Rosenblatt Securities increased their target price on shares of Seagate Technology from $500.00 to $1,000.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th. Mizuho increased their target price on shares of Seagate Technology from $875.00 to $1,090.00 and gave the stock an “outperform” rating in a report on Monday. Finally, Loop Capital increased their target price on shares of Seagate Technology from $950.00 to $1,140.00 and gave the stock a “buy” rating in a report on Friday, May 15th. One investment analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $792.46.

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.