Fideuram Intesa Sanpaolo Private Banking S.P.A. Invests $3 Million in Seagate Technology Holdings PLC $STX

Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new stake in shares of Seagate Technology Holdings PLC (NASDAQ:STX) during the 1st quarter, HoldingsChannel.com reports. The institutional investor purchased 7,648 shares of the data storage provider’s stock, valued at approximately $2,996,000.

Other hedge funds have also recently added to or reduced their stakes in the company. TSG Advice Partners LLC raised its holdings in shares of Seagate Technology by 1.9% during the first quarter. TSG Advice Partners LLC now owns 1,448 shares of the data storage provider’s stock worth $567,000 after purchasing an additional 27 shares during the period. Root Financial Partners LLC lifted its position in shares of Seagate Technology by 7.3% in the 1st quarter. Root Financial Partners LLC now owns 678 shares of the data storage provider’s stock worth $266,000 after buying an additional 46 shares during the last quarter. Jacobsen Capital Management acquired a new position in shares of Seagate Technology in the 1st quarter valued at about $259,000. USS Investment Management Ltd boosted its holdings in shares of Seagate Technology by 4.1% in the 1st quarter. USS Investment Management Ltd now owns 42,928 shares of the data storage provider’s stock valued at $16,810,000 after buying an additional 1,675 shares during the period. Finally, IFM Investors Pty Ltd grew its position in shares of Seagate Technology by 4.8% during the 1st quarter. IFM Investors Pty Ltd now owns 46,093 shares of the data storage provider’s stock valued at $18,057,000 after buying an additional 2,100 shares during the last quarter. Institutional investors and hedge funds own 92.87% of the company’s stock.

Seagate Technology Price Performance

Shares of NASDAQ:STX opened at $820.16 on Friday. The stock has a market cap of $183.90 billion, a price-to-earnings ratio of 77.81 and a beta of 2.04. The company has a debt-to-equity ratio of 3.16, a current ratio of 1.33 and a quick ratio of 0.85. Seagate Technology Holdings PLC has a 12 month low of $138.30 and a 12 month high of $1,145.00. The stock’s 50 day moving average price is $853.32 and its 200 day moving average price is $550.33.

Seagate Technology (NASDAQ:STX) last issued its quarterly earnings results on Tuesday, April 28th. The data storage provider reported $4.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.51 by $0.59. The firm had revenue of $3.11 billion during the quarter, compared to analyst estimates of $2.96 billion. Seagate Technology had a return on equity of 1,005.65% and a net margin of 21.60%.The firm’s quarterly revenue was up 44.1% on a year-over-year basis. During the same period last year, the company posted $1.90 EPS. Seagate Technology has set its Q4 2026 guidance at 4.800-5.200 EPS. Equities research analysts anticipate that Seagate Technology Holdings PLC will post 14.14 earnings per share for the current fiscal year.

Seagate Technology Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 7th. Investors of record on Wednesday, June 24th will be paid a $0.74 dividend. The ex-dividend date of this dividend is Wednesday, June 24th. This represents a $2.96 annualized dividend and a dividend yield of 0.4%. Seagate Technology’s payout ratio is presently 28.08%.

Trending Headlines about Seagate Technology

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

• Positive Sentiment: Zacks upgraded Seagate to Strong Buy, citing improving earnings expectations and bullish momentum around the company’s outlook. Seagate (STX) Upgraded to Strong Buy: Here’s What You Should Know
• Positive Sentiment: Another Zacks note argued Seagate remains an attractive growth stock, pointing to strong business fundamentals and potential for continued upside. Seagate (STX) is an Incredible Growth Stock: 3 Reasons Why
• Positive Sentiment: Analysts also highlighted Seagate’s surging data center business, helped by cloud demand, Mozaic adoption, and long-term supply agreements that could support revenue growth through fiscal 2027. Can Seagate’s Data Center Business Maintain its Growth Momentum?

Analysts Set New Price Targets

STX has been the topic of several research reports. Loop Capital increased their price objective on shares of Seagate Technology from $950.00 to $1,140.00 and gave the stock a “buy” rating in a research note on Friday, May 15th. Wall Street Zen upgraded Seagate Technology from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. TD Cowen upped their target price on Seagate Technology from $500.00 to $850.00 and gave the company a “buy” rating in a report on Wednesday, April 29th. Rosenblatt Securities increased their price target on Seagate Technology from $500.00 to $1,000.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. Finally, Barclays raised their price target on Seagate Technology from $750.00 to $1,000.00 and gave the stock an “overweight” rating in a report on Wednesday, May 27th. Twenty-one research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, Seagate Technology has a consensus rating of “Moderate Buy” and an average target price of $880.52.

Insider Transactions at Seagate Technology

In related news, EVP Ban Seng Teh sold 8,003 shares of Seagate Technology stock in a transaction on 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 owned 3,691 shares of the company’s stock, valued at approximately $3,016,580.48. The trade was a 68.44% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO William D. Mosley sold 30,000 shares of the stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $751.29, for a total transaction of $22,538,700.00. Following the transaction, the chief executive officer directly owned 339,591 shares in the company, valued at $255,131,322.39. The trade was a 8.12% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 151,069 shares of company stock worth $126,191,753. Corporate insiders own 0.79% of the company’s stock.

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.