Arizona State Retirement System Has $16.11 Million Stake in Seagate Technology Holdings PLC $STX

Key Points

• Arizona State Retirement System trimmed its Seagate position by 6.6%, selling 4,104 shares and now holding 58,493 shares valued at about $16.11 million.
• Multiple analysts have raised price targets and ratings (Morgan Stanley, China Renaissance, Argus, Loop Capital), leaving a consensus of Moderate Buy with an average target of $518.29.
• Seagate recently beat quarterly EPS ($3.11 vs. $2.77) with revenue up 21.5%, set Q3 2026 guidance of 3.200–3.600 EPS, and trades near $586 with a market cap around $127.8 billion.

Arizona State Retirement System decreased its stake in Seagate Technology Holdings PLC (NASDAQ:STX - Free Report) by 6.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 58,493 shares of the data storage provider's stock after selling 4,104 shares during the quarter. Arizona State Retirement System's holdings in Seagate Technology were worth $16,108,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in STX. Rakuten Securities Inc. raised its position in shares of Seagate Technology by 884.2% during the second 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 period. Salomon & Ludwin LLC grew its stake in Seagate Technology by 124.4% in the fourth quarter. Salomon & Ludwin LLC now owns 92 shares of the data storage provider's stock valued at $27,000 after purchasing an additional 51 shares in the last quarter. Armstrong Advisory Group Inc. bought a new position in Seagate Technology in the fourth quarter valued at approximately $28,000. Avion Wealth grew its stake in Seagate Technology by 343.5% in the fourth quarter. Avion Wealth now owns 102 shares of the data storage provider's stock valued at $28,000 after purchasing an additional 79 shares in the last quarter. Finally, First Horizon Corp bought a new position in Seagate Technology in the third quarter valued at approximately $33,000. Institutional investors and hedge funds own 92.87% of the company's stock.

Analyst Ratings Changes

A number of research analysts have weighed in on STX shares. Morgan Stanley raised their price target on Seagate Technology from $468.00 to $582.00 and gave the company an "overweight" rating in a research note on Monday, April 6th. Zacks Research cut Seagate Technology from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 30th. China Renaissance raised their price objective on Seagate Technology from $325.00 to $452.00 and gave the company a "buy" rating in a research report on Thursday, January 15th. KeyCorp set a $500.00 price objective on Seagate Technology in a research report on Wednesday, January 28th. Finally, Argus raised their price objective on Seagate Technology from $300.00 to $450.00 and gave the company 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 assigned a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $518.29.

Seagate Technology Trading Down 0.2%

Shares of STX opened at $586.25 on Friday. Seagate Technology Holdings PLC has a 52-week low of $80.56 and a 52-week high of $607.89. The business's fifty day moving average is $437.89 and its 200-day moving average is $344.91. The company has a debt-to-equity ratio of 7.63, a quick ratio of 0.72 and a current ratio of 1.12. The firm has a market cap of $127.84 billion, a price-to-earnings ratio of 66.32, a PEG ratio of 0.98 and a beta of 1.61.

Seagate Technology (NASDAQ:STX - Get Free Report) last issued 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 negative return on equity of 936.38% and a net margin of 19.59%.The company's revenue for the quarter was up 21.5% compared to the same quarter last year. During the same quarter last year, the company posted $2.03 EPS. Seagate Technology has set its Q3 2026 guidance at 3.200-3.600 EPS. Equities analysts anticipate that Seagate Technology Holdings PLC will post 12.13 EPS for the current fiscal year.

Seagate Technology Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 8th. Investors of record on Wednesday, March 25th were given a dividend of $0.74 per share. The ex-dividend date was Wednesday, March 25th. This represents a $2.96 dividend on an annualized basis and a yield of 0.5%. Seagate Technology's payout ratio is currently 33.48%.

Insider Buying and Selling at Seagate Technology

In related news, EVP Ban Seng Teh sold 20,195 shares of the business's stock in a transaction on 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 sale, the executive vice president owned 3,092 shares in the company, valued at $1,367,560.68. The trade was a 86.72% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP James Ci Lee sold 673 shares of the business's stock in a transaction on Monday, January 26th. The stock was sold at an average price of $348.85, for a total value of $234,776.05. Following the sale, the executive vice president owned 257 shares in the company, valued at $89,654.45. This represents a 72.37% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 112,223 shares of company stock worth $46,711,217 over the last three months. 0.79% of the stock is owned by corporate insiders.

Key Stories Impacting Seagate Technology

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

• Positive Sentiment: Barclays upgraded STX to a Buy, citing additional upside in an AI‑driven rally and suggesting there's "another leg" to the move — a key driver of today’s bullish sentiment. Seagate Stock Upgraded To Buy
• Positive Sentiment: Loop Capital raised its price target on Seagate from $700 to $800 and maintained a Buy rating — a material upward revision that supports higher analyst-driven demand. Loop Capital Adjusts Price Target
• Positive Sentiment: Additional broker upgrades and positive notes (UBS/other outlets) are reinforcing the buy-side view that Seagate can capture share of growing data-storage demand tied to AI, gaming and creator workflows. Seagate Raised to Overweight at Barclays / UBS coverage
• Positive Sentiment: Seagate unveiled new high‑capacity consumer and prosumer storage products targeted at AI, gaming and creators — positioning the company to monetize rising data-demand and potentially lift revenue growth. Product details and positioning covered across BusinessWire, Forbes, Zacks and Yahoo. Seagate Introduces Storage Built for Consumer Data Explosion
• Neutral Sentiment: New single‑stock leveraged ETFs (Defiance’s 2x STXL and Tradr’s 200% ETFs) on STX were launched this week — these products increase speculative flows and intraday liquidity/volatility but don't change Seagate's fundamentals. Traders should expect larger short-term swings. Defiance Launches STXL
• Neutral Sentiment: Broader tech/mega-cap momentum (Apple and other Magnificent Seven names in earnings focus) is supporting sector sentiment; this macro tailwind can lift STX but is not a company‑specific catalyst. Apple Stock, Back In Growth Mode

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.

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