Seagate Technology Holdings PLC $STX Shares Bought by Navellier & Associates Inc.

Navellier & Associates Inc. lifted its position in Seagate Technology Holdings PLC (NASDAQ:STX) by 6.5% in the second quarter, Holdings Channel.com reports. The institutional investor owned 47,267 shares of the data storage provider’s stock after buying an additional 2,887 shares during the period. Seagate Technology makes up about 3.6% of Navellier & Associates Inc.’s portfolio, making the stock its 2nd largest position. Navellier & Associates Inc.’s holdings in Seagate Technology were worth $45,613,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Wellington Management Group LLP grew its stake in Seagate Technology by 2,655.9% in the second quarter. Wellington Management Group LLP now owns 2,414,136 shares of the data storage provider’s stock valued at $2,329,641,000 after acquiring an additional 2,326,538 shares during the period. Norges Bank bought a new stake in shares of Seagate Technology in the fourth quarter worth about $498,363,000. Soroban Capital Partners LP raised its position in shares of 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 purchasing an additional 1,327,197 shares during the period. Janus Henderson Group PLC raised its position in shares of Seagate Technology by 3,872.1% during the first quarter. Janus Henderson Group PLC now owns 967,528 shares of the data storage provider’s stock worth $378,985,000 after purchasing an additional 943,170 shares during the period. Finally, Deutsche Bank AG lifted its holdings in shares of Seagate Technology by 102.0% during the 4th quarter. Deutsche Bank AG now owns 1,599,962 shares of the data storage provider’s stock valued at $440,614,000 after purchasing an additional 807,962 shares in the last quarter. Institutional investors and hedge funds own 92.87% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Cantor Fitzgerald reiterated an “overweight” rating and issued a $1,300.00 price objective on shares of Seagate Technology in a research report on Wednesday, July 29th. China Renaissance raised their target price on shares of Seagate Technology from $802.00 to $983.00 in a report on Friday, June 12th. Morgan Stanley lifted their price target on shares of Seagate Technology from $1,035.00 to $1,187.00 and gave the company an “overweight” rating in a research note on Wednesday, July 29th. Sanford C. Bernstein reiterated an “outperform” rating and issued a $1,350.00 price target on shares of Seagate Technology in a report on Wednesday, July 29th. Finally, Argus increased their price objective on shares of Seagate Technology from $750.00 to $900.00 and gave the stock a “buy” rating in a research report on Thursday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and four 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 price target of $986.00.

Key Stories Impacting Seagate Technology

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

• Positive Sentiment: One bullish analysis argues that the pullback creates an attractive entry point, with strong hyperscaler demand, increasing adoption of Seagate’s heat-assisted magnetic recording (HAMR) technology and improving margins supporting continued earnings growth. The article estimates as much as 36% potential upside. Seagate buy-the-dip analysis
• Positive Sentiment: NVIDIA’s strong quarterly results and continuing AI infrastructure spending were cited as potential catalysts for storage companies, including STX. Rising data-center workloads could increase demand for Seagate’s high-capacity hard drives. Zacks storage stocks analysis
• Positive Sentiment: Seagate accepted Change Agents Corporation into its partner program, expanding access to its AI infrastructure ecosystem. The announcement is strategically supportive, although the immediate financial contribution is not disclosed. Seagate Partner Program announcement
• Neutral Sentiment: Management’s upcoming investor appearances, including The Six Five Summit: AI Unleashed 2026, could provide additional details on AI-related products, partnerships and demand, but no new financial guidance was announced. Six Five Summit presentation
• Negative Sentiment: A more cautious Seeking Alpha view says it is not yet time to be aggressive, warning that consolidation may continue after STX’s major run-up. The stock’s elevated valuation and high volatility leave it vulnerable to profit-taking if growth expectations moderate. Seagate consolidation analysis
• Negative Sentiment: Executive James Ci Lee sold 9,013 shares worth approximately $7.16 million, reducing his direct position by more than 96%. The sale occurred under a pre-arranged Rule 10b5-1 plan, which limits its value as a discretionary bearish signal but may still weigh on sentiment. SEC insider sale filing

Seagate Technology Stock Down 2.1%

STX stock opened at $829.76 on Friday. The company has a debt-to-equity ratio of 1.56, a current ratio of 1.67 and a quick ratio of 1.17. The stock has a market capitalization of $188.07 billion, a P/E ratio of 59.78 and a beta of 2.06. Seagate Technology Holdings PLC has a fifty-two week low of $163.86 and a fifty-two week high of $1,145.00. The business has a 50-day moving average of $870.89 and a 200-day moving average of $695.65.

Seagate Technology (NASDAQ:STX) last announced its earnings results on Tuesday, July 28th. The data storage provider reported $5.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.10 by $0.61. The business had revenue of $3.63 billion for the quarter, compared to analyst estimates of $3.50 billion. Seagate Technology had a return on equity of 369.98% and a net margin of 26.11%.Seagate Technology’s revenue for the quarter was up 48.5% compared to the same quarter last year. During the same quarter last year, the firm earned $2.59 EPS. Seagate Technology has set its Q1 2027 guidance at 7.100-7.500 EPS. On average, sell-side analysts anticipate that Seagate Technology Holdings PLC will post 35.7 earnings per share for the current fiscal year.

Seagate Technology Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 7th. Stockholders of record on Thursday, September 24th will be issued a $0.74 dividend. The ex-dividend date is Thursday, September 24th. This represents a $2.96 dividend on an annualized basis and a dividend yield of 0.4%. Seagate Technology’s dividend payout ratio (DPR) is 21.33%.

Insider Buying and Selling

In related news, EVP Ban Seng Teh sold 9,862 shares of the firm’s stock in a transaction on Friday, August 21st. The shares were sold at an average price of $852.97, for a total value of $8,411,990.14. Following the completion of the transaction, the executive vice president owned 5,210 shares of the company’s stock, valued at approximately $4,443,973.70. This trade represents a 65.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Gianluca Romano sold 9,076 shares of Seagate Technology stock in a transaction on Friday, August 21st. The shares were sold at an average price of $849.35, for a total transaction of $7,708,700.60. Following the completion of the sale, the chief financial officer owned 22,997 shares in the company, valued at $19,532,501.95. The trade was a 28.30% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 193,765 shares of company stock valued at $166,634,842 over the last ninety days. 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.