State of New Jersey Common Pension Fund D Has $20.22 Million Stake in Seagate Technology Holdings PLC $STX

State of New Jersey Common Pension Fund D trimmed its holdings in Seagate Technology Holdings PLC (NASDAQ:STX) by 1.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 73,431 shares of the data storage provider’s stock after selling 975 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Seagate Technology were worth $20,222,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Salomon & Ludwin LLC lifted its holdings in shares of 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 purchasing an additional 51 shares in the last quarter. Armstrong Advisory Group Inc. bought a new stake in shares of Seagate Technology in the fourth quarter valued at about $28,000. Concord Wealth Partners bought a new stake in shares of Seagate Technology in the fourth quarter valued at about $28,000. Avion Wealth lifted its holdings in shares of 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 purchasing an additional 79 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Seagate Technology in the fourth quarter valued at about $37,000. 92.87% of the stock is currently owned by institutional investors.

Seagate Technology News Summary

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

• Positive Sentiment: Q3 beat and strong guidance — Seagate reported an EPS and revenue beat for the quarter (EPS $4.10; revenue ~$3.11B) and set FY guidance implying continued strength (Q4 EPS guidance around $4.80–$5.20), which drove the initial share re-rating. STX Q3 Earnings Beat
• Positive Sentiment: AI demand confirmation across peers — SanDisk and other storage vendors signaled strong enterprise/hyperscaler spending for AI storage, reinforcing the view that Seagate’s nearline/HDD products are in sustained demand. Sandisk Joins Western Digital, Seagate
• Positive Sentiment: Wall Street bullishness and multiple price-target raises — Numerous firms hiked targets and ratings after the quarter (notably Bernstein and Rosenblatt to $1,000, plus big increases from JPMorgan, Morgan Stanley, Cantor, etc.), which amplifies buying momentum and legitimizes a higher valuation. Bernstein Raises STX Target Rosenblatt $1,000 Target
• Positive Sentiment: New product lineup — Seagate refreshed storage products aimed at high?resolution media and AI workflows, supporting revenue mix improvements and customer wallet share in AI infrastructure. Seagate Product Launch
• Positive Sentiment: Shareholder returns — Seagate declared a quarterly dividend ($0.74/share), a small but positive signal for income-focused holders and confidence in cash flow.
• Neutral Sentiment: Momentum trade context — April saw an outsized “HDD trade” and broad gains for memory/storage names; part of STX’s move is sector rotation and momentum rather than company-specific news alone. HDD Trade Momentum
• Negative Sentiment: Valuation and cycle risk — Analysts and commentators warn the stock now prices in a sustained hyperscaler capex cycle; buying at the peak of that cycle risks disappointment if AI capex slows. Expect higher multiple risk and sensitivity to future guidance/shipments. Valuation / Capex Cycle Risk

Analyst Ratings Changes

A number of brokerages have recently commented on STX. Evercore boosted their price target on Seagate Technology from $550.00 to $750.00 and gave the company an “outperform” rating in a report on Wednesday. Bank of America boosted their price target on Seagate Technology from $700.00 to $840.00 and gave the company a “buy” rating in a report on Monday. Weiss Ratings restated a “buy (b)” rating on shares of Seagate Technology in a report on Friday, March 27th. Jefferies Financial Group restated a “hold” rating on shares of Seagate Technology in a report on Wednesday, February 4th. Finally, Barclays boosted their price target on Seagate Technology from $625.00 to $750.00 and gave the company an “overweight” rating in a report on Wednesday. Twenty research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $696.63.

Seagate Technology Stock Performance

STX opened at $673.64 on Friday. Seagate Technology Holdings PLC has a 52-week low of $89.89 and a 52-week high of $697.00. The firm has a market capitalization of $146.90 billion, a PE ratio of 63.91, a PEG ratio of 1.06 and a beta of 1.61. The company has a debt-to-equity ratio of 3.16, a quick ratio of 0.72 and a current ratio of 1.33. The business’s 50-day simple moving average is $454.23 and its 200 day simple moving average is $356.06.

Seagate Technology (NASDAQ:STX) last released its earnings results 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 for the quarter, compared to analyst estimates of $2.96 billion. During the same quarter in the prior year, the company posted $1.90 earnings per share. Seagate Technology’s revenue was up 44.1% on a year-over-year basis. Seagate Technology has set its Q4 2026 guidance at 4.800-5.200 EPS. As a group, sell-side analysts expect that Seagate Technology Holdings PLC will post 12.26 earnings per share for the current fiscal year.

Seagate Technology Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 7th. Investors of record on Wednesday, June 24th will be issued a dividend of $0.74 per share. This represents a $2.96 annualized dividend and a yield of 0.4%. The ex-dividend date is Wednesday, June 24th. Seagate Technology’s dividend payout ratio is presently 33.48%.

Insider Activity

In related news, EVP Kian Fatt Chong sold 5,846 shares of the company’s stock in a transaction dated Monday, February 23rd. The stock was sold at an average price of $416.48, for a total transaction of $2,434,742.08. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO William D. Mosley sold 20,000 shares of the company’s stock in a transaction dated Wednesday, April 1st. The stock was sold at an average price of $420.73, for a total value of $8,414,600.00. Following the sale, the chief executive officer owned 355,591 shares in the company, valued at $149,607,801.43. The trade was a 5.32% 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 90,430 shares of company stock worth $37,129,976 in the last quarter. 0.79% of the stock is currently owned by corporate insiders.

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.