Interchange Capital Partners LLC Acquires Shares of 851 Seagate Technology Holdings PLC $STX

Interchange Capital Partners LLC bought a new position in Seagate Technology Holdings PLC (NASDAQ:STX) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 851 shares of the data storage provider’s stock, valued at approximately $235,000.

A number of other institutional investors have also recently made changes to their positions in STX. Integrated Wealth Concepts LLC grew its stake in shares of Seagate Technology by 168.0% during the 1st quarter. Integrated Wealth Concepts LLC now owns 7,177 shares of the data storage provider’s stock worth $610,000 after acquiring an additional 4,499 shares during the period. Sivia Capital Partners LLC bought a new stake in Seagate Technology in the 2nd quarter valued at about $262,000. Cerity Partners LLC lifted its holdings in Seagate Technology by 25.8% during the second quarter. Cerity Partners LLC now owns 36,682 shares of the data storage provider’s stock valued at $5,294,000 after purchasing an additional 7,517 shares during the last quarter. Sei Investments Co. lifted its holdings in Seagate Technology by 64.8% during the second quarter. Sei Investments Co. now owns 8,543 shares of the data storage provider’s stock valued at $1,233,000 after purchasing an additional 3,358 shares during the last quarter. Finally, The Manufacturers Life Insurance Company boosted its position in Seagate Technology by 0.4% during the second quarter. The Manufacturers Life Insurance Company now owns 127,887 shares of the data storage provider’s stock worth $18,458,000 after purchasing an additional 462 shares during the period. Hedge funds and other institutional investors own 92.87% of the company’s stock.

Insider Activity

In related news, EVP Kian Fatt Chong sold 5,846 shares of the business’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 legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO William D. Mosley sold 24,584 shares of the business’s stock in a transaction dated Thursday, March 19th. The stock was sold at an average price of $406.77, for a total value of $10,000,033.68. Following the transaction, the chief executive officer owned 375,591 shares of the company’s stock, valued at approximately $152,779,151.07. The trade was a 6.14% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 90,430 shares of company stock valued at $37,129,976. 0.79% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research firms have recently issued reports on STX. China Renaissance boosted their price target on shares of Seagate Technology from $325.00 to $452.00 and gave the company a “buy” rating in a research report on Thursday, January 15th. Morgan Stanley raised their price objective on shares of Seagate Technology from $582.00 to $767.00 and gave the stock an “overweight” rating in a report on Wednesday. Zacks Research lowered shares of Seagate Technology from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 30th. Robert W. Baird boosted their target price on shares of Seagate Technology from $270.00 to $505.00 and gave the company an “outperform” rating in a report on Thursday, January 29th. Finally, Argus increased their target price on Seagate Technology from $300.00 to $450.00 and gave the stock a “buy” rating in a research report on Thursday, January 29th. Twenty equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $696.63.

Seagate Technology Price Performance

STX stock opened at $673.64 on Friday. The firm has a 50 day moving average of $454.23 and a 200-day moving average of $356.06. The company has a current ratio of 1.33, a quick ratio of 0.72 and a debt-to-equity ratio of 3.16. Seagate Technology Holdings PLC has a 12 month low of $89.89 and a 12 month high of $697.00. The firm has a market capitalization of $146.90 billion, a P/E ratio of 63.91, a price-to-earnings-growth ratio of 1.06 and a beta of 1.61.

Seagate Technology (NASDAQ:STX) last released its quarterly earnings data on Tuesday, April 28th. The data storage provider reported $4.10 EPS for the quarter, beating analysts’ consensus estimates 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 company had revenue of $3.11 billion during the quarter, compared to analyst estimates of $2.96 billion. During the same period last year, the business earned $1.90 earnings per share. Seagate Technology’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. As a group, sell-side analysts predict that Seagate Technology Holdings PLC will post 12.26 earnings per share for the current fiscal year.

Seagate Technology Announces Dividend

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

Key Headlines Impacting Seagate Technology

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

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.