VIRGINIA RETIREMENT SYSTEMS ET Al Invests $117.90 Million in Seagate Technology Holdings PLC $STX

VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in shares of Seagate Technology Holdings PLC (NASDAQ:STX) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 122,179 shares of the data storage provider’s stock, valued at approximately $117,903,000. Seagate Technology makes up approximately 0.7% of VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings, making the stock its 24th biggest position. VIRGINIA RETIREMENT SYSTEMS ET Al owned 0.05% of Seagate Technology as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. California State Teachers Retirement System grew its position in Seagate Technology by 102,975.8% during the second quarter. California State Teachers Retirement System now owns 316,744,845 shares of the data storage provider’s stock worth $305,658,775,000 after buying an additional 316,437,552 shares in the last quarter. Wellington Management Group LLP raised its holdings in Seagate Technology by 2,655.9% in the 2nd 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 in the last quarter. Norges Bank acquired a new position in Seagate Technology in the 4th quarter valued at $498,363,000. Soroban Capital Partners LP lifted its position in shares of Seagate Technology by 1,468.1% during the 2nd quarter. Soroban Capital Partners LP now owns 1,417,600 shares of the data storage provider’s stock valued at $204,602,000 after acquiring an additional 1,327,197 shares during the period. Finally, Janus Henderson Group PLC grew its holdings in shares of Seagate Technology by 3,872.1% during the 1st 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 in the last quarter. Institutional investors and hedge funds own 92.87% of the company’s stock.

Insiders Place Their Bets

In other news, CEO William D. Mosley sold 30,000 shares of the company’s stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of $816.28, for a total transaction of $24,488,400.00. Following the transaction, the chief executive officer owned 295,168 shares in the company, valued at approximately $240,939,735.04. This represents a 9.23% decrease in their ownership of the stock. The sale 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, EVP Ban Teh sold 9,862 shares of the company’s stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $852.97, for a total value of $8,411,990.14. Following the transaction, the executive vice president directly owned 5,210 shares in the company, valued at $4,443,973.70. The trade was a 65.43% decrease in their ownership of the stock. 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 a total of 191,765 shares of company stock valued at $161,865,249 over the last 90 days. 0.79% of the stock is currently owned by corporate insiders.

Key Headlines Impacting Seagate Technology

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

• Positive Sentiment: A rally that began in NAND memory broadened across the storage complex, with Seagate benefiting alongside SK Hynix and other memory-linked companies. The strength suggests investors are increasing exposure to companies positioned to supply AI data centers and expanding storage capacity. SK Hynix Surges 7% as Memory Bid Widens Beyond NAND; Seagate Rallies 5%
• Positive Sentiment: The broader AI trade remained a leading market theme, supporting semiconductor and storage shares. Seagate’s recent results reinforce the bullish case: quarterly revenue rose 48.5% year over year to $3.63 billion, while EPS of $5.71 exceeded estimates and management guided to $7.10–$7.50 in fiscal first-quarter 2027 EPS. Memory, Other AI-Related Stocks Lead the Market’s Top Performers Friday
• Neutral Sentiment: Director Yolanda Lee Conyers sold 750 shares for approximately $611,000, but the transaction was executed under a pre-arranged Rule 10b5-1 plan. The sale is therefore a limited signal of changing insider sentiment.
• Negative Sentiment: CEO William Mosley separately sold 30,000 shares valued at approximately $24.5 million under a 10b5-1 plan. Although he retained a substantial stake, the sizable insider sale may weigh modestly on sentiment, particularly after STX’s strong run and elevated valuation.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on STX. JPMorgan Chase & Co. increased their price objective on shares of Seagate Technology from $1,095.00 to $1,240.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 29th. Zacks Research upgraded shares of Seagate Technology from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 28th. Mizuho upped their price target on shares of Seagate Technology from $875.00 to $1,090.00 and gave the stock an “outperform” rating in a report on Monday, June 8th. Weiss Ratings reiterated a “buy (b)” rating on shares of Seagate Technology in a research report on Wednesday, June 24th. Finally, Wall Street Zen cut shares of Seagate Technology from a “strong-buy” rating to a “buy” rating in a research note on Sunday. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $986.00.

Seagate Technology Stock Performance

Shares of STX stock opened at $849.28 on Monday. The business’s 50-day moving average price is $851.92 and its 200-day moving average price is $711.74. Seagate Technology Holdings PLC has a 12 month low of $183.02 and a 12 month high of $1,145.00. The firm has a market capitalization of $192.49 billion, a price-to-earnings ratio of 61.19 and a beta of 2.06. The company has a current ratio of 1.67, a quick ratio of 1.17 and a debt-to-equity ratio of 1.56.

Seagate Technology (NASDAQ:STX) last announced its quarterly earnings results on Tuesday, July 28th. The data storage provider reported $5.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.10 by $0.61. Seagate Technology had a net margin of 26.11% and a return on equity of 369.98%. The firm had revenue of $3.63 billion during the quarter, compared to analysts’ expectations of $3.50 billion. During the same period in the prior year, the company posted $2.59 EPS. The company’s revenue was up 48.5% on a year-over-year basis. Seagate Technology has set its Q1 2027 guidance at 7.100-7.500 EPS. Equities research analysts forecast that Seagate Technology Holdings PLC will post 35.7 EPS for the current year.

Seagate Technology Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 7th. Shareholders of record on Thursday, September 24th will be issued a dividend of $0.74 per share. This represents a $2.96 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date is Thursday, September 24th. Seagate Technology’s dividend payout ratio is presently 21.33%.

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.