Taikang Asset Management Hong Kong Co Ltd Sells 12,080 Shares of Seagate Technology Holdings PLC $STX

Taikang Asset Management Hong Kong Co Ltd decreased its holdings in Seagate Technology Holdings PLC (NASDAQ:STX) by 25.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 35,777 shares of the data storage provider’s stock after selling 12,080 shares during the quarter. Taikang Asset Management Hong Kong Co Ltd’s holdings in Seagate Technology were worth $9,853,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Gateway Investment Advisers LLC raised its position in shares of Seagate Technology by 1.8% in the fourth quarter. Gateway Investment Advisers LLC now owns 1,399 shares of the data storage provider’s stock valued at $385,000 after buying an additional 25 shares in the last quarter. Trajan Wealth LLC grew its position in Seagate Technology by 1.9% during the fourth quarter. Trajan Wealth LLC now owns 1,325 shares of the data storage provider’s stock worth $365,000 after buying an additional 25 shares in the last quarter. Fortis Capital Management LLC increased its stake in Seagate Technology by 1.1% during the 4th quarter. Fortis Capital Management LLC now owns 2,557 shares of the data storage provider’s stock worth $704,000 after acquiring an additional 27 shares during the period. EWA LLC raised its holdings in Seagate Technology by 2.1% in the 4th quarter. EWA LLC now owns 1,370 shares of the data storage provider’s stock valued at $377,000 after acquiring an additional 28 shares in the last quarter. Finally, Icon Wealth Advisors LLC raised its holdings in Seagate Technology by 2.7% in the 4th quarter. Icon Wealth Advisors LLC now owns 1,060 shares of the data storage provider’s stock valued at $292,000 after acquiring an additional 28 shares in the last quarter. Institutional investors and hedge funds own 92.87% of the company’s stock.

More Seagate Technology News

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

• Positive Sentiment: Morgan Stanley raised its price target on Seagate Technology (STX) and reiterated Overweight, citing stronger HDD pricing and prolonged supply tightness tied to AI data-center demand. Benzinga reference
• Positive Sentiment: Multiple reports highlighted Seagate as a beneficiary of the AI storage boom, with memory and storage stocks broadly rising as investors rotate into the sector on improving demand and pricing. Yahoo Finance reference
• Positive Sentiment: Analyst commentary also pointed to Seagate’s Mozaic HAMR platform and higher-capacity drives as longer-term competitive advantages that could support growth. Zacks reference
• Positive Sentiment: Broader sector momentum helped the move, as easing geopolitical risk and a rally in tech/memory stocks improved sentiment across storage names. Yahoo Finance reference
• Neutral Sentiment: Seagate disclosed several insider stock sales by executives, including the CEO and CFO. The transactions were largely pre-planned and, by themselves, do not necessarily signal weakening fundamentals.

Analyst Ratings Changes

STX has been the topic of several analyst reports. China Renaissance increased their target price on Seagate Technology from $802.00 to $983.00 in a report on Friday, June 12th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Seagate Technology in a research report on Friday, March 27th. The Goldman Sachs Group increased their price objective on shares of Seagate Technology from $385.00 to $700.00 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. Bank of America upped their target price on Seagate Technology from $900.00 to $1,000.00 in a research note on Monday, June 8th. Finally, Citigroup raised their target price on Seagate Technology from $740.00 to $1,150.00 and gave the company a “buy” rating in a report on Tuesday, June 2nd. One analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $831.79.

Insider Activity at Seagate Technology

In related news, EVP Ban Seng Teh sold 989 shares of the business’s stock in a transaction on Friday, June 12th. The stock was sold at an average price of $880.19, for a total transaction of $870,507.91. Following the sale, the executive vice president owned 4,290 shares in the company, valued at $3,776,015.10. The trade was a 18.73% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO William D. Mosley sold 1,768 shares of the company’s stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $880.19, for a total value of $1,556,175.92. Following the completion of the transaction, the chief executive officer directly owned 327,517 shares of the company’s stock, valued at approximately $288,277,188.23. The trade was a 0.54% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 165,653 shares of company stock worth $117,161,746 over the last 90 days. 0.79% of the stock is currently owned by company insiders.

Seagate Technology Trading Up 1.2%

Shares of Seagate Technology stock opened at $1,031.34 on Wednesday. The firm’s 50 day moving average is $733.37 and its 200 day moving average is $488.05. The firm has a market capitalization of $231.26 billion, a PE ratio of 97.85 and a beta of 2.04. Seagate Technology Holdings PLC has a 1 year low of $130.00 and a 1 year high of $1,097.00. 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 (NASDAQ:STX) last issued its quarterly earnings data on Tuesday, April 28th. The data storage provider reported $4.10 EPS for the quarter, beating the consensus estimate of $3.51 by $0.59. Seagate Technology had a net margin of 21.60% and a return on equity of 1,005.65%. The business had revenue of $3.11 billion during the quarter, compared to the consensus estimate of $2.96 billion. During the same quarter in the prior year, the firm earned $1.90 EPS. The firm’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. Equities research analysts forecast that Seagate Technology Holdings PLC will post 14.14 earnings per share for the current fiscal year.

Seagate Technology Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 7th. Stockholders of record on Wednesday, June 24th will be paid a $0.74 dividend. This represents a $2.96 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date is Wednesday, June 24th. Seagate Technology’s dividend payout ratio is presently 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.