Beaconlight Capital LLC Lowers Stock Holdings in Seagate Technology Holdings PLC $STX

Beaconlight Capital LLC reduced its position in shares of Seagate Technology Holdings PLC (NASDAQ:STX - Free Report) by 51.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,651 shares of the data storage provider's stock after selling 13,595 shares during the period. Seagate Technology comprises about 2.0% of Beaconlight Capital LLC's holdings, making the stock its 18th largest holding. Beaconlight Capital LLC's holdings in Seagate Technology were worth $3,484,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of STX. Arrowstreet Capital Limited Partnership boosted its holdings in Seagate Technology by 1,072.5% in 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 increased its position in shares of Seagate Technology by 1,510.1% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 2,008,516 shares of the data storage provider's stock worth $553,125,000 after purchasing an additional 1,883,769 shares in the last quarter. Norges Bank acquired a new stake in shares of Seagate Technology during the fourth quarter worth about $498,363,000. Soroban Capital Partners LP increased its position in shares of Seagate Technology by 1,468.1% during the second quarter. Soroban Capital Partners LP now owns 1,417,600 shares of the data storage provider's stock worth $204,602,000 after purchasing an additional 1,327,197 shares in the last quarter. Finally, Deutsche Bank AG increased its position in Seagate Technology by 102.0% in the 4th quarter. Deutsche Bank AG now owns 1,599,962 shares of the data storage provider's stock valued at $440,614,000 after acquiring an additional 807,962 shares during the period. 92.87% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Seagate Technology

In related news, EVP Ban Seng Teh sold 989 shares of the stock in a transaction on Friday, June 12th. The stock was sold at an average price of $880.19, for a total value of $870,507.91. Following the completion of the sale, the executive vice president directly owned 4,290 shares in the company, valued at approximately $3,776,015.10. This represents a 18.73% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP John Christopher Morris sold 1,364 shares of the stock in a transaction on Friday, June 12th. The shares were sold at an average price of $880.19, for a total value of $1,200,579.16. Following the completion of the sale, the executive vice president owned 12,088 shares of the company's stock, valued at approximately $10,639,736.72. This represents a 10.14% 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. Insiders sold 141,069 shares of company stock worth $107,161,712 in the last quarter. 0.79% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on STX. Morgan Stanley boosted their price target on Seagate Technology from $767.00 to $1,035.00 and gave the company an "overweight" rating in a research report on Monday. Barclays boosted their price target on Seagate Technology from $750.00 to $1,000.00 and gave the stock an "overweight" rating in a research note on Wednesday, May 27th. Wells Fargo & Company boosted their price target on Seagate Technology from $700.00 to $900.00 and gave the stock an "equal weight" rating in a research note on Monday, June 1st. Rosenblatt Securities upped their target price on Seagate Technology from $500.00 to $1,000.00 and gave the company a "buy" rating in a research note on Wednesday, April 29th. Finally, Argus upped their target price on Seagate Technology from $450.00 to $750.00 and gave the company a "buy" rating in a research note on Thursday, April 30th. One investment analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $831.79.

Seagate Technology Trading Up 3.4%

STX stock opened at $1,066.07 on Thursday. The company has a market cap of $239.04 billion, a price-to-earnings ratio of 101.15 and a beta of 2.04. 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 business has a fifty day simple moving average of $745.62 and a 200-day simple moving average of $493.64. Seagate Technology Holdings PLC has a 52 week low of $130.32 and a 52 week high of $1,097.00.

Seagate Technology (NASDAQ:STX - Get Free Report) last released its quarterly earnings data on Tuesday, April 28th. The data storage provider reported $4.10 EPS for the quarter, topping analysts' consensus estimates of $3.51 by $0.59. The business had revenue of $3.11 billion during the quarter, compared to the consensus estimate of $2.96 billion. Seagate Technology had a return on equity of 1,005.65% and a net margin of 21.60%.The business's revenue for the quarter was up 44.1% on a year-over-year basis. During the same period in the prior year, the firm posted $1.90 EPS. Seagate Technology has set its Q4 2026 guidance at 4.800-5.200 EPS. On average, equities research analysts expect that Seagate Technology Holdings PLC will post 14.14 EPS for the current year.

Seagate Technology Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 7th. Stockholders of record on Wednesday, June 24th will be issued a dividend of $0.74 per share. This represents a $2.96 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date is Wednesday, June 24th. Seagate Technology's dividend payout ratio is presently 28.08%.

More Seagate Technology News

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

• Positive Sentiment: Morgan Stanley’s bullish call helped reinforce the view that Seagate is a key beneficiary of AI infrastructure spending, with analysts citing pricing power and supply shortages that could support earnings for years. Article Title
• Positive Sentiment: Recent coverage has highlighted Seagate as one of the top-performing memory/storage names in 2026, as investors continue to favor companies tied to AI data-center buildout and rising storage demand. Article Title
• Positive Sentiment: Additional reports this week said Seagate’s Mozaic HAMR platform and higher-capacity drives could strengthen its competitive position as AI-driven storage needs expand. Article Title
• Positive Sentiment: Seagate also got a lift from broader sector optimism after the U.S.-Iran ceasefire reduced geopolitical risk and improved sentiment toward memory and storage stocks. Article Title
• Neutral Sentiment: Several insiders, including the CEO and CFO, sold shares recently, but the transactions were relatively small versus their holdings and may simply reflect pre-planned trading activity.
• Neutral Sentiment: Some articles noted Seagate is already in a strong technical run and has reached new highs, which may attract momentum investors but also raises valuation concerns.
• Negative Sentiment: Because the stock has surged sharply already, some analysts and commentators warned the market may be pricing in a lot of perfection, leaving less room for error if storage pricing or AI demand cools. Article Title

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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