198,911 Shares of Seagate Technology Holdings PLC $STX Acquired by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Seagate Technology Holdings PLC (NASDAQ:STX) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 198,911 shares of the data storage provider’s stock, valued at approximately $183,464,000. Mirae Asset Global Investments Co. Ltd. owned 0.09% of Seagate Technology as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. ProShare Advisors LLC lifted its position in Seagate Technology by 3.9% during the third quarter. ProShare Advisors LLC now owns 265,185 shares of the data storage provider’s stock valued at $244,591,000 after acquiring an additional 9,954 shares during the last quarter. Vise Technologies Inc. boosted its stake in Seagate Technology by 14.4% in the third quarter. Vise Technologies Inc. now owns 9,069 shares of the data storage provider’s stock valued at $8,365,000 after acquiring an additional 1,145 shares in the last quarter. Global Assets Advisory LLC grew its holdings in Seagate Technology by 8.2% in the third quarter. Global Assets Advisory LLC now owns 302 shares of the data storage provider’s stock worth $272,000 after purchasing an additional 23 shares during the last quarter. Americana Partners LLC grew its holdings in Seagate Technology by 203.7% in the third quarter. Americana Partners LLC now owns 6,851 shares of the data storage provider’s stock worth $6,319,000 after purchasing an additional 4,595 shares during the last quarter. Finally, Aprio Wealth Management LLC grew its holdings in Seagate Technology by 11.2% in the third quarter. Aprio Wealth Management LLC now owns 1,009 shares of the data storage provider’s stock worth $931,000 after purchasing an additional 102 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: Seagate reported fiscal Q1 2027 revenue of approximately $4.23 billion, up 61% year over year, and non-GAAP EPS of $7.68, exceeding the $7.44 consensus estimate. Record free cash flow of roughly $1.5 billion, stronger pricing and robust mass-capacity demand support the company’s AI and cloud-storage growth outlook. Seagate Q1 Earnings Ride Record Cash Flow and AI Demand
• Positive Sentiment: Analysts continue to highlight Seagate’s exposure to expanding data-center capacity needs. Some commentary favors STX over Western Digital because of its higher return on equity, lower forward valuation and record cash generation. Western Digital vs. Seagate
• Positive Sentiment: Seagate announced a dividend increase, adding to its appeal for income-oriented investors during market volatility and ongoing inflation and interest-rate uncertainty. Stocks That Declared Dividend Hikes
• Positive Sentiment: Wedbush maintained an “Outperform” rating, while Morgan Stanley reportedly reduced its target but still sees substantial potential upside, indicating that some analysts view the pullback as an opportunity. Wedbush Outperform Rating
• Neutral Sentiment: The earnings response has been muted because elevated expectations appear to have been largely priced into STX after its substantial prior run. Investors are weighing excellent results against valuation, future growth assumptions and the sustainability of AI-driven demand. Post-Earnings Pullback
• Negative Sentiment: Seagate is declining alongside Sandisk, Western Digital and Micron in a broader semiconductor and memory-stock selloff, suggesting sector-wide profit-taking is outweighing the company’s earnings beat. Storage and Memory Stocks Sell Off
• Negative Sentiment: TD Cowen, Morgan Stanley, Citigroup, Susquehanna and Wells Fargo lowered their price targets or forecasts. Summit Insights also downgraded the stock, creating near-term pressure even though several firms remain constructive. TD Cowen Cuts Seagate Price Target

Seagate Technology Stock Down 8.0%

NASDAQ:STX opened at $644.58 on Friday. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.82 and a quick ratio of 1.17. The company’s fifty day moving average price is $799.09 and its 200-day moving average price is $688.41. Seagate Technology Holdings PLC has a 1-year low of $228.61 and a 1-year high of $1,145.00. The firm has a market capitalization of $146.57 billion, a P/E ratio of 33.85 and a beta of 2.06.

Seagate Technology (NASDAQ:STX) last posted its earnings results on Tuesday, October 27th. The data storage provider reported $7.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $7.44 by $0.24. Seagate Technology had a net margin of 31.86% and a return on equity of 252.47%. The company had revenue of $4.23 billion during the quarter, compared to the consensus estimate of $4.15 billion. During the same period in the previous year, the firm posted $2.61 earnings per share. The firm’s quarterly revenue was up 61.0% on a year-over-year basis. As a group, equities research analysts anticipate that Seagate Technology Holdings PLC will post 37.44 EPS for the current year.

Seagate Technology Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 7th. Stockholders of record on Wednesday, December 23rd will be given a dividend of $0.76 per share. This is a boost from Seagate Technology’s previous quarterly dividend of $0.74. The ex-dividend date is Wednesday, December 23rd. This represents a $3.04 dividend on an annualized basis and a dividend yield of 0.5%. Seagate Technology’s payout ratio is 15.55%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on STX. Summit Insights cut Seagate Technology from a “buy” rating to a “hold” rating in a research report on Wednesday. UBS Group dropped their target price on Seagate Technology from $780.00 to $750.00 and set a “neutral” rating on the stock in a research note on Wednesday. Wall Street Zen raised Seagate Technology from a “buy” rating to a “strong-buy” rating in a research report on Saturday, September 26th. Citigroup decreased their price target on Seagate Technology from $1,300.00 to $1,050.00 and set a “buy” rating for the company in a research note on Wednesday. Finally, JPMorgan Chase & Co. increased their price target on Seagate Technology from $1,095.00 to $1,240.00 and gave the company an “overweight” rating in a research note on Wednesday, July 29th. Twenty-two research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $1,000.88.

Insider Activity

In related news, EVP James Lee sold 547 shares of Seagate Technology stock in a transaction dated Friday, October 23rd. The stock was sold at an average price of $642.14, for a total value of $351,250.58. Following the completion of the transaction, the executive vice president owned 1,037 shares in the company, valued at $665,899.18. The trade was a 34.53% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO William D. Mosley sold 11,002 shares of Seagate Technology stock in a transaction dated Thursday, October 1st. The shares were sold at an average price of $935.60, for a total value of $10,293,471.20. Following the completion of the transaction, the chief executive officer owned 362,108 shares of the company’s stock, valued at approximately $338,788,244.80. This represents a 2.95% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 466,812 shares of company stock worth $378,583,042. 0.51% of the stock is currently owned by corporate insiders.

Seagate Technology Profile

Seagate Technology Holdings plc (NASDAQ: STX) is a data storage company that develops and manufactures mass-capacity storage products and solutions. Its portfolio is centered on hard disk drives (HDDs) used in cloud data centers, enterprise systems, network-attached storage, video and imaging applications, and personal computers.

The company also provides storage-related services and solutions designed to help organizations store, manage, protect, and access large volumes of digital information.