Artemis Investment Management LLP Has $135.90 Million Position in Seagate Technology Holdings PLC $STX

Key Points

• Artemis Investment Management LLP boosted its stake in Seagate by 136.1% in Q4 to 493,484 shares worth $135.90 million, making STX about 1.6% of Artemis's portfolio and its 14th-largest holding.
• Seagate delivered a strong quarter—$4.10 EPS vs. $3.51 expected and revenue up 44.1% YoY to $3.11B—prompting hefty analyst price‑target upgrades and a consensus rating of “Moderate Buy” (average PT ~$709).
• Institutional ownership is high at 92.87%, while insiders have sold shares recently; the company also announced a quarterly dividend of $0.74 (annualized yield ~0.4%).

Artemis Investment Management LLP boosted its position in shares of Seagate Technology Holdings PLC (NASDAQ:STX - Free Report) by 136.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 493,484 shares of the data storage provider's stock after purchasing an additional 284,434 shares during the quarter. Seagate Technology accounts for about 1.6% of Artemis Investment Management LLP's investment portfolio, making the stock its 14th biggest holding. Artemis Investment Management LLP owned about 0.23% of Seagate Technology worth $135,901,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the company. National Pension Service increased its holdings in shares of Seagate Technology by 28.0% during the third quarter. National Pension Service now owns 250,121 shares of the data storage provider's stock valued at $59,044,000 after purchasing an additional 54,722 shares during the period. Tokio Marine Asset Management Co. Ltd. acquired a new position in shares of Seagate Technology during the third quarter valued at $1,864,000. Sumitomo Mitsui Trust Group Inc. increased its holdings in shares of Seagate Technology by 1.2% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 518,806 shares of the data storage provider's stock valued at $142,874,000 after purchasing an additional 6,028 shares during the period. Keystone Investors PTE Ltd. increased its holdings in shares of Seagate Technology by 55.7% during the third quarter. Keystone Investors PTE Ltd. now owns 50,321 shares of the data storage provider's stock valued at $11,879,000 after purchasing an additional 18,000 shares during the period. Finally, Estate Counselors LLC acquired a new position in shares of Seagate Technology during the third quarter valued at $2,557,000. Institutional investors and hedge funds own 92.87% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on STX. KeyCorp set a $500.00 price target on Seagate Technology in a report on Wednesday, January 28th. Cantor Fitzgerald raised their price target on Seagate Technology from $700.00 to $1,000.00 and gave the company an "overweight" rating in a report on Wednesday. Weiss Ratings reissued a "buy (b)" rating on shares of Seagate Technology in a report on Friday, March 27th. Citigroup raised their price target on Seagate Technology from $595.00 to $740.00 and gave the company a "buy" rating in a report on Wednesday. Finally, China Renaissance raised their target price on Seagate Technology from $325.00 to $452.00 and gave the company a "buy" rating in a research note on Thursday, January 15th. Twenty research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $709.13.

Trending Headlines about Seagate Technology

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

• Positive Sentiment: Q3 earnings beat and AI-driven guidance—Seagate reported a big EPS/revenue beat and raised forward outlook, which investors interpret as confirmation that AI data-center spending is lifting demand for high-performance HDD and enterprise storage. Seagate stock surges after Q3 earnings — why the rally may continue
• Positive Sentiment: Large price-target upgrades—Sanford C. Bernstein lifted its PT to $1,000 (outperform) and Argus bumped its PT to $750 (buy), signaling strong sell‑side conviction that STX will benefit from the AI capex cycle. Bernstein adjusts Seagate price target to $1,000 Argus raises Seagate PT to $750
• Positive Sentiment: Industry confirmation of AI storage demand—Peers (Sandisk, Western Digital) and multiple analyst notes say Big Tech will spend heavily on AI infrastructure through 2026, boosting demand for storage components. That macro tailwind is central to the bullish thesis for STX. Sandisk joins Western Digital, Seagate in signaling strong AI storage demand
• Positive Sentiment: High-profile endorsements and coverage—Jim Cramer and multiple analyst blogs are spotlighting Seagate as a direct beneficiary of constrained supply vs. booming demand for AI storage, attracting retail and institutional attention. Jim Cramer Says “Seagate’s Been a Horse for Ages Now”
• Neutral Sentiment: Company product/service news—Seagate refreshed storage product lines aimed at high-resolution media and AI workflows, reinforcing the growth story but not an immediate earnings surprise. Seagate launches refreshed storage lineup
• Neutral Sentiment: Sector volatility—After Seagate-led rallies, peers have shown volatile post-earnings trading (e.g., Sandisk/WDC slipped despite strong forecasts), highlighting event-driven swings even as structural demand remains. Red-Hot AI Stock Western Digital Slides Late Despite Earnings Beat
• Neutral Sentiment: Media/attention items—Stories on “AI tokens” and pieces asking whether it’s too late to buy reflect heightened retail interest and sentiment momentum, which can amplify moves but add noise. Seagate stock has everyone talking about AI tokens Is It Too Late To Consider Seagate After Its Recent AI Storage-Fueled Surge?
• Negative Sentiment: Valuation and cycle risk—Analyst commentaries warn Seagate may be trading at peak earnings multiples tied to a hyperscaler capex cycle that could slow after FY26/FY27; that raises downside risk if AI capex moderates. Seagate: The Biggest Risk Is Buying At The Top Of The Industry Capex Cycle

Seagate Technology Stock Up 7.9%

STX opened at $726.93 on Friday. Seagate Technology Holdings PLC has a fifty-two week low of $91.29 and a fifty-two week high of $728.00. The business has a 50-day moving average of $454.23 and a 200-day moving average of $356.06. The company has a debt-to-equity ratio of 3.16, a current ratio of 1.33 and a quick ratio of 0.72. The company has a market capitalization of $158.52 billion, a PE ratio of 68.97, a price-to-earnings-growth ratio of 1.09 and a beta of 1.61.

Seagate Technology (NASDAQ:STX - Get Free Report) last posted its quarterly earnings results on Tuesday, April 28th. The data storage provider reported $4.10 earnings per share for the quarter, topping analysts' consensus estimates of $3.51 by $0.59. Seagate Technology had a return on equity of 1,005.65% and a net margin of 21.60%.The company had revenue of $3.11 billion during the quarter, compared to the consensus estimate of $2.96 billion. During the same period last year, the business earned $1.90 EPS. The business's quarterly 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. Equities research analysts forecast that Seagate Technology Holdings PLC will post 12.47 EPS for the current fiscal year.

Seagate Technology Announces Dividend

The business 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 $0.74 dividend. This represents a $2.96 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend is Wednesday, June 24th. Seagate Technology's dividend payout ratio (DPR) is presently 28.08%.

Insider Buying and Selling

In related news, CEO William D. Mosley sold 24,584 shares of the firm's stock in a transaction that occurred on 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 directly owned 375,591 shares of the company's stock, valued at approximately $152,779,151.07. This trade represents a 6.14% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Kian Fatt Chong sold 5,846 shares of the firm's stock in a transaction that occurred 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 SEC filing for this sale provides additional information. Insiders sold a total of 90,430 shares of company stock worth $37,129,976 over the last three months. 0.79% of the stock is owned by company insiders.

Seagate Technology Company 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.

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