4,356 Shares in Seagate Technology Holdings PLC $STX Bought by FACT Capital LP

FACT Capital LP acquired a new stake in Seagate Technology Holdings PLC (NASDAQ:STX) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 4,356 shares of the data storage provider’s stock, valued at approximately $1,707,000. Seagate Technology makes up 1.1% of FACT Capital LP’s portfolio, making the stock its 16th largest position.

Several other institutional investors have also recently made changes to their positions in STX. Integrated Wealth Concepts LLC grew its holdings in Seagate Technology by 168.0% during the 1st quarter. Integrated Wealth Concepts LLC now owns 7,177 shares of the data storage provider’s stock valued at $610,000 after buying an additional 4,499 shares in the last quarter. Sivia Capital Partners LLC purchased a new position in Seagate Technology during the second quarter valued at $262,000. Cerity Partners LLC increased its holdings in Seagate Technology by 25.8% in the 2nd quarter. Cerity Partners LLC now owns 36,682 shares of the data storage provider’s stock valued at $5,294,000 after acquiring an additional 7,517 shares during the last quarter. Sei Investments Co. lifted its stake in 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 purchasing an additional 3,358 shares in the last quarter. Finally, The Manufacturers Life Insurance Company boosted its holdings in shares of Seagate Technology by 0.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 127,887 shares of the data storage provider’s stock valued at $18,458,000 after purchasing an additional 462 shares during the last quarter. Hedge funds and other institutional investors own 92.87% of the company’s stock.

Trending Headlines about Seagate Technology

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

• Positive Sentiment: Strong AI-related demand remains the key bullish factor. Analysts are focusing on rising nearline hard-disk-drive demand from data centers, increasing exabyte shipments and continued momentum for Seagate’s Mozaic platform. Morgan Stanley analyst Erik Woodring reportedly remains highly constructive, saying the hard-drive market has strengthened. Can Increasing HDD Exabyte Shipments Bolster Seagate’s Q4 Earnings?
• Positive Sentiment: Prior operating performance provides support. Seagate’s latest reported quarter exceeded consensus expectations, with revenue rising 44.1% year over year, while management’s fourth-quarter earnings guidance of $4.80–$5.20 per share sets a relatively strong bar for the upcoming report.
• Neutral Sentiment: Options traders anticipate significant volatility. With earnings due Tuesday, market participants expect a large post-report move, making the results, forward guidance and commentary on AI infrastructure spending especially important for STX’s near-term direction. Here’s How Much Traders See Seagate Stock Moving After Earnings
• Negative Sentiment: Valuation and profit-taking are weighing on the stock. The pullback follows a sharp long-term advance, leaving investors concerned that strong expectations may already be reflected in the share price. Seagate is also trading amid weakness across AI, memory and hardware stocks.
• Negative Sentiment: Tariff uncertainty adds pressure. New U.S. tariffs affecting key semiconductor trading partners have contributed to sector-wide selling and raised concerns about costs, supply chains and international demand ahead of earnings. Seagate Technology Holdings Falls On Tariffs As Fair Value Stays In Focus

Insider Transactions at Seagate Technology

In other Seagate Technology news, EVP John Christopher Morris sold 1,364 shares of the firm’s stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $880.19, for a total transaction of $1,200,579.16. Following the transaction, the executive vice president owned 12,088 shares of the company’s stock, valued at approximately $10,639,736.72. This trade represents a 10.14% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Gianluca Romano sold 903 shares of the stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $880.19, for a total transaction of $794,811.57. Following the transaction, the chief financial officer owned 42,860 shares in the company, valued at approximately $37,724,943.40. This represents a 2.06% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 151,069 shares of company stock worth $126,191,753 over the last three months. Company insiders own 0.79% of the company’s stock.

Seagate Technology Stock Down 4.1%

Shares of STX opened at $816.99 on Tuesday. The firm has a market capitalization of $183.19 billion, a P/E ratio of 77.51 and a beta of 2.04. Seagate Technology Holdings PLC has a 12-month low of $138.30 and a 12-month high of $1,145.00. The firm has a fifty day moving average price of $894.67 and a 200-day moving average price of $615.89. The company has a current ratio of 1.33, a quick ratio of 0.85 and a debt-to-equity ratio of 3.16.

Seagate Technology (NASDAQ:STX) last released its quarterly earnings data on Tuesday, April 28th. The data storage provider reported $4.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.51 by $0.59. The company had revenue of $3.11 billion during the quarter, compared to analysts’ expectations of $2.96 billion. Seagate Technology had a net margin of 21.60% and a return on equity of 1,005.65%. The firm’s quarterly revenue was up 44.1% on a year-over-year basis. During the same period in the previous year, the company earned $1.90 EPS. Equities research analysts expect that Seagate Technology Holdings PLC will post 14.14 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on STX shares. Susquehanna boosted their target price on Seagate Technology from $615.00 to $775.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 8th. JPMorgan Chase & Co. raised their target price on shares of Seagate Technology from $775.00 to $920.00 and gave the company an “overweight” rating in a report on Thursday, June 11th. Sanford C. Bernstein increased their price objective on shares of Seagate Technology from $620.00 to $1,000.00 and gave the company an “outperform” rating in a research report on Wednesday, April 29th. Fox Advisors downgraded shares of Seagate Technology from an “overweight” rating to an “equal weight” rating in a report on Monday, June 22nd. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Seagate Technology in a report on Wednesday, June 24th. Twenty-two analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $898.52.

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.