Vinland Capital Management Gestora de Recursos LTDA. Acquires New Holdings in Seagate Technology Holdings PLC $STX

Vinland Capital Management Gestora de Recursos LTDA. bought a new stake in Seagate Technology Holdings PLC (NASDAQ:STX) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 558 shares of the data storage provider’s stock, valued at approximately $154,000. Seagate Technology comprises approximately 2.2% of Vinland Capital Management Gestora de Recursos LTDA.’s holdings, making the stock its 23rd biggest holding.

Other institutional investors have also made changes to their positions in the company. State Street Corp boosted its position in shares of Seagate Technology by 1.0% during the 4th quarter. State Street Corp now owns 9,370,805 shares of the data storage provider’s stock worth $2,587,535,000 after purchasing an additional 94,527 shares during the period. Morgan Stanley raised its position in Seagate Technology by 5.1% in the fourth quarter. Morgan Stanley now owns 5,317,516 shares of the data storage provider’s stock valued at $1,464,391,000 after purchasing an additional 258,151 shares during the period. Geode Capital Management LLC lifted its stake in Seagate Technology by 5.0% during the fourth quarter. Geode Capital Management LLC now owns 4,896,815 shares of the data storage provider’s stock worth $1,343,683,000 after purchasing an additional 234,436 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its position in shares of Seagate Technology by 8.3% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,193,063 shares of the data storage provider’s stock worth $879,338,000 after buying an additional 243,551 shares during the period. Finally, Massachusetts Financial Services Co. MA grew its stake in shares of Seagate Technology by 1,510.1% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 2,008,516 shares of the data storage provider’s stock valued at $553,125,000 after buying an additional 1,883,769 shares in the last quarter. 92.87% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

STX has been the topic of several research reports. UBS Group increased their target price on Seagate Technology from $515.00 to $545.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 29th. JPMorgan Chase & Co. boosted their price target on shares of Seagate Technology from $775.00 to $920.00 and gave the stock an “overweight” rating in a research note on Thursday, June 11th. Wedbush increased their price target on shares of Seagate Technology from $700.00 to $825.00 and gave the stock an “outperform” rating in a research report on Monday, April 27th. TD Cowen raised their price objective on shares of Seagate Technology from $500.00 to $850.00 and gave the company a “buy” rating in a research note on Wednesday, April 29th. Finally, Sanford C. Bernstein lifted their price objective on shares of Seagate Technology from $620.00 to $1,000.00 and gave the company an “outperform” rating in a report on Wednesday, April 29th. One research 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.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $831.79.

Insiders Place Their Bets

In other Seagate Technology news, EVP John Christopher Morris sold 5,626 shares of the firm’s stock in a transaction on Monday, May 4th. The stock was sold at an average price of $738.37, for a total value of $4,154,069.62. Following the sale, the executive vice president directly owned 11,954 shares in the company, valued at $8,826,474.98. This trade represents a 32.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Ban Seng Teh sold 8,003 shares of Seagate Technology stock in a transaction dated Thursday, May 14th. The stock was sold at an average price of $817.28, for a total value of $6,540,691.84. Following the sale, the executive vice president directly owned 3,691 shares of the company’s stock, valued at $3,016,580.48. This trade represents a 68.44% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 141,069 shares of company stock worth $107,161,712. 0.79% of the stock is owned by corporate insiders.

Seagate Technology Stock Up 0.4%

Shares of NASDAQ:STX opened at $1,070.23 on Friday. Seagate Technology Holdings PLC has a fifty-two week low of $130.32 and a fifty-two week high of $1,145.00. The firm’s 50 day moving average price is $757.65 and its 200 day moving average price is $499.23. The company has a quick ratio of 0.85, a current ratio of 1.33 and a debt-to-equity ratio of 3.16. The stock has a market cap of $239.98 billion, a price-to-earnings ratio of 101.54 and a beta of 2.04.

Seagate Technology (NASDAQ:STX) last posted its quarterly earnings results on Tuesday, April 28th. The data storage provider reported $4.10 EPS for the quarter, topping 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 company had revenue of $3.11 billion during the quarter, compared to analysts’ expectations of $2.96 billion. During the same quarter in the previous year, the business posted $1.90 EPS. The firm’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, equities research analysts predict 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 announced 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 is Wednesday, June 24th. This represents a $2.96 dividend on an annualized basis and a dividend yield of 0.3%. Seagate Technology’s payout ratio is presently 28.08%.

Key Seagate Technology News

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

• Positive Sentiment: JPMorgan reiterated an Overweight rating on Seagate and lifted its price target to $920 from $775, citing optimism around pricing and margin expansion as demand remains strong. Why JPMorgan Remains Bullish on Seagate Technology Holdings plc (STX)
• Positive Sentiment: Multiple reports highlighted Seagate as a momentum pick tied to AI data explosion, with analysts saying HAMR-based Mozaic technology positions the company for multi-year storage demand growth. AI’s Data Explosion Creates a Multi-Year Growth Runway for Seagate
• Positive Sentiment: Seagate was also mentioned alongside other memory names as a beneficiary of surging memory prices and elevated demand, including after Apple flagged higher memory costs, which lifted the entire group. MU, WDC, SNDK, STX Stocks Rally Overnight After Apple Flags Memory Cost Surge
• Positive Sentiment: Another Zacks note said Seagate remains attractive as an AI memory stock with strong revenue growth, pricing power, and improving profitability. Micron & Another AI Memory Stock to Buy Now for Big Upside
• Neutral Sentiment: One article noted some insider selling by Seagate executives, but framed it as a routine profit-taking event rather than a negative business signal. Seagate’s C-Suite Just Sold Stock. It’s Not the Signal You Think.
• Neutral Sentiment: Broader market rotation news showed investors moving out of technology and into financials on one trading day, which could create some short-term pressure on tech shares generally. Financials Rose, Tech Fell Before Kevin Warsh Fed Debut

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.