Picton Mahoney Asset Management Has $3.61 Million Position in Seagate Technology Holdings PLC $STX

Picton Mahoney Asset Management trimmed its position in Seagate Technology Holdings PLC (NASDAQ:STX) by 35.4% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,285 shares of the data storage provider’s stock after selling 8,384 shares during the quarter. Picton Mahoney Asset Management’s holdings in Seagate Technology were worth $3,608,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Level Four Advisory Services LLC boosted its position in shares of Seagate Technology by 50.8% in the third quarter. Level Four Advisory Services LLC now owns 4,629 shares of the data storage provider’s stock valued at $1,093,000 after acquiring an additional 1,560 shares during the period. CI Investments Inc. raised its stake in Seagate Technology by 31.1% in the 3rd quarter. CI Investments Inc. now owns 1,599 shares of the data storage provider’s stock worth $377,000 after purchasing an additional 379 shares in the last quarter. Elo Mutual Pension Insurance Co boosted its holdings in Seagate Technology by 29.7% in the 3rd quarter. Elo Mutual Pension Insurance Co now owns 22,265 shares of the data storage provider’s stock valued at $5,256,000 after purchasing an additional 5,092 shares during the period. Fisher Asset Management LLC acquired a new position in shares of Seagate Technology during the 3rd quarter worth approximately $290,000. Finally, Bright Futures Wealth Management LLC. bought a new position in shares of Seagate Technology during the third quarter worth approximately $234,000. 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 began volume production and qualification of its Mozaic 4+ HAMR platform with two hyperscale cloud customers, supporting up to 44TB drives and signaling meaningful share?gain potential in AI/cloud storage workloads. Seagate Mozaic 4 Plus HAMR Rollout Tests AI Storage Growth Story
• Positive Sentiment: Analysts are lifting targets and optimism around HAMR-driven margins and durable demand — Bernstein recently raised STX’s price target materially, supporting upside to consensus valuation. Seagate Technology Holdings plc (STX) Price Target Raised, HAMR Technology Drives Cost Savings
• Positive Sentiment: Zacks added STX to its Rank #1 (Strong Buy) growth lists on March 4 and March 5, reflecting favorable analyst momentum and reinforcing buy-side interest. Best Growth Stocks to Buy for March 5th
• Neutral Sentiment: Coverage and media mentions (market mover roundups, institutional commentary) keep STX in investor view but do not by themselves change fundamentals. These Stocks Are Today’s Movers
• Negative Sentiment: CEO William Mosley sold 20,000 shares (~$7.7M) on March 2 — an insider sale that can prompt short?term selling and be read as executive profit?taking. SEC Form 4
• Negative Sentiment: Broader sector risk hit storage names after a geopolitical/energy shock and semiconductor sell?off; that market flow is pressuring STX despite company?specific wins. Western Digital vs Seagate After the Sell-Off
• Negative Sentiment: Valuation and balance?sheet considerations remain a concern — STX trades at a high P/E and carries elevated leverage, which can amplify downside if macro demand or pricing weakens.

Seagate Technology Stock Down 2.0%

STX stock opened at $367.34 on Friday. The firm has a 50-day moving average price of $366.86 and a 200-day moving average price of $281.41. Seagate Technology Holdings PLC has a 12 month low of $63.19 and a 12 month high of $459.84. The company has a current ratio of 1.12, a quick ratio of 0.72 and a debt-to-equity ratio of 7.63. The stock has a market capitalization of $80.11 billion, a P/E ratio of 41.55, a price-to-earnings-growth ratio of 0.84 and a beta of 1.61.

Seagate Technology (NASDAQ:STX) last announced its quarterly earnings results on Tuesday, January 27th. The data storage provider reported $3.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.77 by $0.34. The company had revenue of $2.83 billion for the quarter, compared to analyst estimates of $2.73 billion. Seagate Technology had a net margin of 19.59% and a negative return on equity of 936.38%. The firm’s revenue was up 21.5% on a year-over-year basis. During the same period in the previous year, the firm posted $2.03 EPS. Seagate Technology has set its Q3 2026 guidance at 3.200-3.600 EPS. As a group, equities research analysts anticipate that Seagate Technology Holdings PLC will post 6.83 EPS for the current fiscal year.

Seagate Technology Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 8th. Stockholders of record on Wednesday, March 25th will be paid a $0.74 dividend. This represents a $2.96 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date is Wednesday, March 25th. Seagate Technology’s dividend payout ratio is presently 33.48%.

Insider Activity at Seagate Technology

In related news, EVP Kian Fatt Chong sold 5,846 shares of the firm’s stock in a transaction on 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 filing with the SEC, which is accessible through the SEC website. Also, EVP Ban Seng Teh sold 20,195 shares of the company’s stock in a transaction dated Thursday, January 29th. The stock was sold at an average price of $442.29, for a total value of $8,932,046.55. Following the completion of the transaction, the executive vice president directly owned 3,092 shares of the company’s stock, valued at approximately $1,367,560.68. The trade was a 86.72% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 89,051 shares of company stock worth $34,430,409 over the last 90 days. 0.79% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Loop Capital boosted their price target on Seagate Technology from $465.00 to $700.00 and gave the company a “buy” rating in a research note on Monday, February 9th. Rosenblatt Securities upped their target price on Seagate Technology from $370.00 to $500.00 and gave the company a “buy” rating in a research report on Wednesday, January 28th. Argus raised their price target on Seagate Technology from $300.00 to $450.00 and gave the stock a “buy” rating in a research report on Thursday, January 29th. The Goldman Sachs Group boosted their price target on Seagate Technology from $310.00 to $385.00 and gave the company a “buy” rating in a research note on Wednesday, January 28th. Finally, Bank of America increased their price objective on shares of Seagate Technology from $320.00 to $400.00 and gave the stock a “buy” rating in a research note on Tuesday, January 20th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, Seagate Technology presently has an average rating of “Moderate Buy” and a consensus target price of $447.35.

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.