Seagate Technology Holdings PLC $STX Shares Bought by Ritholtz Wealth Management

Ritholtz Wealth Management grew its position in Seagate Technology Holdings PLC (NASDAQ:STX) by 27.6% in the first quarter, Holdings Channel.com reports. The fund owned 27,197 shares of the data storage provider’s stock after buying an additional 5,876 shares during the period. Ritholtz Wealth Management’s holdings in Seagate Technology were worth $10,655,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Arrowstreet Capital Limited Partnership raised its holdings in shares of Seagate Technology by 1,072.5% during the third quarter. Arrowstreet Capital Limited Partnership now owns 2,949,512 shares of the data storage provider’s stock worth $696,262,000 after purchasing an additional 2,697,957 shares during the period. Massachusetts Financial Services Co. MA grew its stake in Seagate Technology by 1,510.1% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 2,008,516 shares of the data storage provider’s stock worth $553,125,000 after buying an additional 1,883,769 shares during the last quarter. Norges Bank bought a new position in Seagate Technology during the 4th quarter worth $498,363,000. Soroban Capital Partners LP increased its position in Seagate Technology by 1,468.1% in 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 buying an additional 1,327,197 shares during the period. Finally, Deutsche Bank AG increased its position in Seagate Technology by 102.0% in the fourth quarter. Deutsche Bank AG now owns 1,599,962 shares of the data storage provider’s stock worth $440,614,000 after buying an additional 807,962 shares during the period. Institutional investors and hedge funds own 92.87% of the company’s stock.

Key Stories Impacting Seagate Technology

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

• Positive Sentiment: Seagate is still being highlighted as an AI data storage beneficiary, with fresh commentary suggesting the company could continue to gain from rising demand for storage tied to AI infrastructure. Seagate (STX) Gets Fresh Backing As An AI Data Storage Winner
• Positive Sentiment: Investor enthusiasm around AI infrastructure remains supportive for the sector after strong forecasts from Micron and Qualcomm sparked a broad rally in chip and memory stocks, reinforcing the bullish case for Seagate’s storage products. Micron and Qualcomm forecasts ignite $400 billion AI chip stock rally
• Neutral Sentiment: Seagate has been one of the market’s biggest AI-related winners this year, and some recent articles argue the stock may still have room to run after its huge year-to-date advance. The smart money agrees that Seagate stock still has room to surge higher
• Neutral Sentiment: Stanley Druckenmiller’s AI infrastructure bets have kept attention on the broader theme, which can indirectly support investor interest in Seagate as part of the AI hardware supply chain. Stanley Druckenmiller Backs These 3 AI Infrastructure Stocks: Should You Follow?
• Negative Sentiment: Sentiment weakened after reports that SK Hynix is slowing high-bandwidth memory expansion, which rattled the AI-chip complex and pressured Seagate along with other memory/storage names. Why Seagate (STX) Stock Is Falling Today
• Negative Sentiment: The stock is also seeing profit-taking after its massive 2026 rally, with investors increasingly questioning whether valuations can keep up with the speed of the move higher.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Cantor Fitzgerald raised their price target on shares of Seagate Technology from $700.00 to $1,000.00 and gave the company an “overweight” rating in a research note on Wednesday, April 29th. Wall Street Zen upgraded shares of Seagate Technology from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. Argus upped their price objective 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. UBS Group increased their target price on shares of Seagate Technology from $515.00 to $545.00 and gave the company a “neutral” rating in a research report on Wednesday, April 29th. Finally, Citigroup increased their price target on Seagate Technology from $740.00 to $1,150.00 and gave the company a “buy” rating in a research note on Tuesday, June 2nd. One investment analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $831.79.

Insiders Place Their Bets

In other news, EVP John Christopher Morris sold 5,626 shares of the company’s stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $738.37, for a total transaction of $4,154,069.62. Following the completion of the transaction, the executive vice president directly owned 11,954 shares in the company, valued at $8,826,474.98. The trade was a 32.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO William D. Mosley sold 30,000 shares of the company’s stock in a transaction dated Wednesday, May 20th. The shares were 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 of the company’s stock, valued at $255,131,322.39. This represents a 8.12% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 141,069 shares of company stock valued at $107,161,712 in the last three months. 0.79% of the stock is owned by corporate insiders.

Seagate Technology Price Performance

NASDAQ STX opened at $991.65 on Thursday. The company has a 50 day simple moving average of $801.27 and a 200-day simple moving average of $521.30. The company has a debt-to-equity ratio of 3.16, a current ratio of 1.33 and a quick ratio of 0.85. The firm has a market capitalization of $222.36 billion, a price-to-earnings ratio of 94.08 and a beta of 2.04. Seagate Technology Holdings PLC has a 52-week low of $136.28 and a 52-week high of $1,145.00.

Seagate Technology (NASDAQ:STX) last announced its quarterly earnings data on Tuesday, April 28th. The data storage provider reported $4.10 earnings per share (EPS) for the quarter, topping the consensus estimate 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 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 company earned $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. Equities research analysts predict 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. Shareholders of record on Wednesday, June 24th will be issued a dividend of $0.74 per share. This represents a $2.96 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date is Wednesday, June 24th. Seagate Technology’s dividend payout ratio is 28.08%.

About Seagate Technology

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.