Kercheville Advisors LLC Invests $372,000 in Seagate Technology Holdings PLC $STX

Kercheville Advisors LLC acquired a new position in shares of Seagate Technology Holdings PLC (NASDAQ:STX) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 950 shares of the data storage provider’s stock, valued at approximately $372,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Arrowstreet Capital Limited Partnership raised its holdings in shares of Seagate Technology by 1,072.5% during the third quarter. Arrowstreet Capital Limited Partnership now owns 2,949,512 shares of the data storage provider’s stock valued at $696,262,000 after purchasing an additional 2,697,957 shares during the period. Massachusetts Financial Services Co. MA grew its stake in shares of Seagate Technology by 1,510.1% in the 4th 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 during the period. Norges Bank bought a new stake in Seagate Technology in the 4th quarter valued at about $498,363,000. Soroban Capital Partners LP increased its position in Seagate Technology by 1,468.1% in the 2nd quarter. Soroban Capital Partners LP now owns 1,417,600 shares of the data storage provider’s stock valued at $204,602,000 after buying an additional 1,327,197 shares in the last quarter. Finally, Deutsche Bank AG raised its stake in Seagate Technology by 102.0% during the 4th quarter. Deutsche Bank AG now owns 1,599,962 shares of the data storage provider’s stock worth $440,614,000 after buying an additional 807,962 shares during the period. 92.87% of the stock is owned by institutional investors.

Seagate Technology Stock Down 5.1%

Seagate Technology stock opened at $1,038.59 on Wednesday. Seagate Technology Holdings PLC has a fifty-two week low of $133.85 and a fifty-two week high of $1,145.00. The stock has a market cap of $232.88 billion, a PE ratio of 98.54 and a beta of 2.04. The firm’s 50-day simple moving average is $791.71 and its 200 day simple moving average is $516.18. The company has a debt-to-equity ratio of 3.16, a quick ratio of 0.85 and a current ratio of 1.33.

Seagate Technology (NASDAQ:STX) last posted 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 firm had revenue of $3.11 billion during the quarter, compared to analyst estimates of $2.96 billion. During the same quarter last year, the business posted $1.90 EPS. The company’s revenue for the quarter was up 44.1% on a year-over-year basis. Seagate Technology has set its Q4 2026 guidance at 4.800-5.200 EPS. Research analysts predict that Seagate Technology Holdings PLC will post 14.14 EPS 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. Shareholders 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 yield of 0.3%. The ex-dividend date is Wednesday, June 24th. Seagate Technology’s dividend payout ratio is 28.08%.

Analyst Ratings Changes

Several research analysts have issued reports on STX shares. Weiss Ratings reiterated a “buy (b)” rating on shares of Seagate Technology in a report on Friday, March 27th. UBS Group boosted their price objective on Seagate Technology from $515.00 to $545.00 and gave the company a “neutral” rating in a report on Wednesday, April 29th. Barclays upped their target price on Seagate Technology from $750.00 to $1,000.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 27th. The Goldman Sachs Group lifted their price target on shares of Seagate Technology from $385.00 to $700.00 and gave the company a “buy” rating in a research report on Wednesday, April 29th. Finally, Mizuho boosted their price target on shares of Seagate Technology from $875.00 to $1,090.00 and gave the company an “outperform” rating in a research note on Monday, June 8th. One research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, Seagate Technology currently has a consensus rating of “Moderate Buy” and an average price target of $831.79.

More Seagate Technology News

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

• Positive Sentiment: Mizuho raised its price target on Seagate to $1,090 from $875 and kept an Outperform rating, citing higher estimates after the company’s AI-related results, which supports the bull case for continued upside. Mizuho Lifts PT on Seagate Technology Holdings (STX)
• Positive Sentiment: Multiple articles highlighted Seagate as a top AI memory/storage stock, with investors focusing on strong demand for nearline hard drives and data storage needed for AI workloads, a theme that has helped drive the stock’s sharp rally. Mizuho Lifts PT on Seagate Technology Holdings (STX)
• Neutral Sentiment: Commentary from 247WallSt noted that Seagate’s valuation now looks stretched after its parabolic run, and suggested the risk/reward is less attractive without a pullback, which may temper enthusiasm even though the longer-term AI story remains intact. Buy, Hold, or Sell: Wall Street Fears Tech Compression, but This AI Storage Monster Has a Hidden Weapon
• Neutral Sentiment: Market chatter also focused on how much further STX can rally after rising roughly 290% year to date, indicating strong momentum but also raising expectations that could limit near-term gains. Up 290% YTD, How High Can Seagate Rally?
• Negative Sentiment: Fox Advisors downgraded Seagate from Overweight to Equal Weight, suggesting some analysts think much of the good news is already reflected in the stock price. Finviz downgrade mention
• Negative Sentiment: A broader selloff in memory-related stocks briefly pressured sentiment across the group, as investors reacted to macro and geopolitical risk; that kind of weakness can spill over into Seagate even when the company-specific outlook remains strong. Memory Stock Rout Hits Popular DRAM ETF

Insider Activity

In related news, CEO William D. Mosley sold 1,768 shares of the stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $880.19, for a total transaction of $1,556,175.92. Following the completion of the transaction, the chief executive officer owned 327,517 shares in the company, valued at approximately $288,277,188.23. This represents a 0.54% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP John Christopher Morris sold 1,364 shares of Seagate Technology stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $880.19, for a total transaction of $1,200,579.16. Following the completion of the sale, the executive vice president directly owned 12,088 shares in the company, valued at approximately $10,639,736.72. This represents a 10.14% decrease in their position. 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 quarter, insiders sold 141,069 shares of company stock worth $107,161,712. 0.79% of the stock is owned by insiders.

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.