Geode Capital Management LLC Has $1.34 Billion Stock Holdings in Seagate Technology Holdings PLC $STX

Geode Capital Management LLC grew its holdings in Seagate Technology Holdings PLC (NASDAQ:STX) by 5.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 4,896,815 shares of the data storage provider’s stock after buying an additional 234,436 shares during the quarter. Geode Capital Management LLC’s holdings in Seagate Technology were worth $1,343,683,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in STX. Salomon & Ludwin LLC boosted its holdings in Seagate Technology by 124.4% in the fourth quarter. Salomon & Ludwin LLC now owns 92 shares of the data storage provider’s stock valued at $27,000 after acquiring an additional 51 shares during the last quarter. Armstrong Advisory Group Inc. bought a new position in Seagate Technology in the fourth quarter valued at about $28,000. Concord Wealth Partners bought a new position in Seagate Technology in the fourth quarter valued at about $28,000. Avion Wealth boosted its holdings in Seagate Technology by 343.5% in the fourth quarter. Avion Wealth now owns 102 shares of the data storage provider’s stock valued at $28,000 after acquiring an additional 79 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new position in Seagate Technology in the fourth quarter valued at about $37,000. 92.87% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Seagate Technology news, CFO Gianluca Romano sold 22,488 shares of the firm’s stock in a transaction dated Wednesday, May 6th. The stock was sold at an average price of $774.22, for a total transaction of $17,410,659.36. Following the transaction, the chief financial officer owned 42,847 shares in the company, valued at approximately $33,173,004.34. This trade represents a 34.42% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Stephanie Tilenius sold 1,580 shares of the firm’s stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of $766.61, for a total value of $1,211,243.80. Following the transaction, the director owned 10,664 shares in the company, valued at approximately $8,175,129.04. This trade represents a 12.90% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 142,437 shares of company stock valued at $86,093,575. Insiders own 0.79% of the company’s stock.

Seagate Technology Price Performance

Shares of STX opened at $880.72 on Friday. 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 Holdings PLC has a 1 year low of $116.28 and a 1 year high of $905.39. The stock has a market cap of $197.48 billion, a P/E ratio of 83.56 and a beta of 1.98. The stock’s 50-day moving average price is $602.56 and its two-hundred day moving average price is $428.87.

Seagate Technology (NASDAQ:STX) last issued its earnings results on Tuesday, April 28th. The data storage provider reported $4.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.51 by $0.59. Seagate Technology had a return on equity of 1,005.65% and a net margin of 21.60%.The firm had revenue of $3.11 billion for the quarter, compared to analysts’ expectations of $2.96 billion. During the same quarter last year, the business earned $1.90 earnings per share. The company’s 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. On average, equities analysts predict that Seagate Technology Holdings PLC will post 14.1 earnings per share for the current year.

Seagate Technology Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 7th. Shareholders of record on Wednesday, June 24th will be issued a dividend of $0.74 per share. The ex-dividend date is Wednesday, June 24th. This represents a $2.96 dividend on an annualized basis and a yield of 0.3%. Seagate Technology’s dividend payout ratio (DPR) is 28.08%.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Sanford C. Bernstein raised their price target on Seagate Technology from $620.00 to $1,000.00 and gave the company an “outperform” rating in a report on Wednesday, April 29th. Barclays raised their price target on Seagate Technology from $750.00 to $1,000.00 and gave the company an “overweight” rating in a report on Wednesday. Zacks Research upgraded Seagate Technology from a “hold” rating to a “strong-buy” rating in a report on Friday, May 1st. The Goldman Sachs Group raised their price target on Seagate Technology from $385.00 to $700.00 and gave the company a “buy” rating in a report on Wednesday, April 29th. Finally, JPMorgan Chase & Co. raised their price target on Seagate Technology from $525.00 to $775.00 and gave the company an “overweight” rating in a report on Wednesday, April 29th. One research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $746.63.

Key Stories Impacting Seagate Technology

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

• Positive Sentiment: Barclays raised its price target on Seagate Technology Holdings PLC (STX) to $1,000 from $750 and kept an overweight rating, signaling further upside as demand remains strong. Seagate Tech (STX) Receives a Buy from Barclays
• Positive Sentiment: Multiple reports highlighted Seagate’s AI storage opportunity, with commentary pointing to accelerating hyperscale demand, HAMR adoption, and strong margin performance as key growth drivers. Seagate: Micron And SK Hynix Gave The Greenlight To Buy More
• Positive Sentiment: Seagate closed a privately negotiated exchange of $185.9 million of exchangeable notes, a balance-sheet and capital-structure move that may be viewed favorably by investors. Seagate Announces Closing of Exchanges with Holders of $185.908 Million Principal Amount of Exchangeable Notes
• Neutral Sentiment: Several articles revisited why STX has been up sharply since its last earnings report, reflecting continued investor focus on the company’s strong post-earnings momentum rather than a new catalyst. Why Is Seagate (STX) Up 35.3% Since Last Earnings Report?
• Neutral Sentiment: Seagate’s recent conference presentation and broader analyst coverage underscore ongoing optimism, but these items are more confirmatory than fresh catalysts for the stock. Seagate Technology Holdings plc Presents at TD Cowen’s 54th Annual Technology, Media & Telecom Conference Transcript
• Negative Sentiment: There were no major company-specific negative headlines in the provided articles; the main risk is that the stock’s strong run could leave it vulnerable if AI storage demand or margins cool.

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.