Pitcairn Co. Invests $2.01 Million in Seagate Technology Holdings PLC $STX

Pitcairn Co. purchased a new stake in Seagate Technology Holdings PLC (NASDAQ:STX) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 8,517 shares of the data storage provider’s stock, valued at approximately $2,011,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Rakuten Securities Inc. increased its stake in shares of Seagate Technology by 884.2% during the 2nd quarter. Rakuten Securities Inc. now owns 187 shares of the data storage provider’s stock worth $27,000 after purchasing an additional 168 shares during the last quarter. MTM Investment Management LLC bought a new stake in Seagate Technology in the second quarter worth $29,000. First Horizon Corp acquired a new position in Seagate Technology during the third quarter worth $33,000. Raiffeisen Bank International AG bought a new position in Seagate Technology during the third quarter valued at about $33,000. Finally, Physician Wealth Advisors Inc. lifted its position in shares of Seagate Technology by 43.7% in the third quarter. Physician Wealth Advisors Inc. now owns 148 shares of the data storage provider’s stock worth $35,000 after buying an additional 45 shares during the last quarter. Institutional investors own 92.87% of the company’s stock.

Seagate Technology News Summary

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. Seagate Technology Holdings PLC has a twelve month low of $63.19 and a twelve month high of $459.84. The company has a quick ratio of 0.72, a current ratio of 1.12 and a debt-to-equity ratio of 7.63. The company has a market cap of $80.11 billion, a PE ratio of 41.55, a price-to-earnings-growth ratio of 0.84 and a beta of 1.61. The business’s 50-day simple moving average is $366.86 and its 200 day simple moving average is $281.41.

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

Seagate Technology Announces Dividend

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

Insider Transactions at Seagate Technology

In other news, EVP Kian Fatt Chong sold 5,846 shares of the stock in a transaction on Monday, February 23rd. The shares were sold at an average price of $416.48, for a total value of $2,434,742.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Ban Seng Teh sold 20,195 shares of the firm’s stock in a transaction dated Thursday, January 29th. The stock was sold at an average price of $442.29, for a total transaction of $8,932,046.55. Following the transaction, the executive vice president directly owned 3,092 shares of the company’s stock, valued at $1,367,560.68. The trade was a 86.72% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 89,051 shares of company stock worth $34,430,409. 0.79% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on STX. Loop Capital increased their price objective on Seagate Technology from $465.00 to $700.00 and gave the company a “buy” rating in a report on Monday, February 9th. Jefferies Financial Group reiterated a “hold” rating on shares of Seagate Technology in a report on Wednesday, February 4th. UBS Group lifted their price target on shares of Seagate Technology from $385.00 to $440.00 and gave the company a “neutral” rating in a research report on Monday, February 9th. China Renaissance lifted their target price on shares of Seagate Technology from $325.00 to $452.00 and gave the stock a “buy” rating in a report on Thursday, January 15th. Finally, Argus upped their price target on shares of Seagate Technology from $300.00 to $450.00 and gave the company a “buy” rating in a report on Thursday, January 29th. One research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $447.35.

Seagate Technology Profile

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.