China Universal Asset Management Co. Ltd. Invests $1.67 Million in Seagate Technology Holdings PLC $STX

Key Points

• China Universal Asset Management bought a new stake of 6,043 Seagate shares (~$1.67M) in Q4, joining other large institutional buyers in a stock that is ~92.9% owned by hedge funds and institutional investors.
• Multiple brokerages lifted price targets (examples: Goldman to $385, TD Cowen to $500, Loop Capital to $800, Citi to $595), leaving a consensus target of $518.29 and an average rating of "Moderate Buy."
• Seagate beat quarterly expectations (EPS $3.11 vs. $2.77; revenue $2.83B, +21.5% Y/Y), provided Q3 guidance of $3.20–$3.60, and unveiled high‑capacity products aimed at capturing rising AI, gaming and creator data demand.

China Universal Asset Management Co. Ltd. bought a new stake in Seagate Technology Holdings PLC (NASDAQ:STX - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 6,043 shares of the data storage provider's stock, valued at approximately $1,668,000.

Other large investors have also recently added to or reduced their stakes in the company. WCM Investment Management LLC acquired a new position in Seagate Technology during the third quarter worth $1,187,621,000. Arrowstreet Capital Limited Partnership raised its position 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 worth $696,262,000 after acquiring an additional 2,697,957 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in 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 acquiring an additional 1,883,769 shares during the period. Soroban Capital Partners LP boosted its position in shares of Seagate Technology by 1,468.1% during the 2nd 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, Trivest Advisors Ltd purchased a new stake in shares of Seagate Technology during the 3rd quarter worth $170,435,000. 92.87% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have weighed in on STX. The Goldman Sachs Group upped their target price on shares of Seagate Technology from $310.00 to $385.00 and gave the stock a "buy" rating in a research report on Wednesday, January 28th. TD Cowen lifted their price target on shares of Seagate Technology from $340.00 to $500.00 and gave the company a "buy" rating in a research report on Wednesday, January 28th. Wells Fargo & Company boosted their price target on Seagate Technology from $360.00 to $450.00 and gave the stock an "equal weight" rating in a research note on Wednesday, January 28th. Loop Capital upped their price target on Seagate Technology from $700.00 to $800.00 and gave the stock a "buy" rating in a report on Thursday. Finally, Citigroup raised their price objective on Seagate Technology from $480.00 to $595.00 and gave the company a "buy" rating in a research note on Monday, April 13th. Twenty analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $518.29.

Seagate Technology News Roundup

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

Insiders Place Their Bets

In other Seagate Technology news, EVP Ban Seng Teh sold 20,195 shares of Seagate Technology stock in a transaction that occurred on Thursday, January 29th. The shares were sold at an average price of $442.29, for a total value of $8,932,046.55. Following the completion of the sale, the executive vice president directly owned 3,092 shares of the company's stock, valued at approximately $1,367,560.68. The trade was a 86.72% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Kian Fatt Chong sold 5,846 shares of the business's stock in a transaction 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 disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 112,223 shares of company stock valued at $46,711,217. 0.79% of the stock is currently owned by insiders.

Seagate Technology Stock Down 0.2%

Shares of NASDAQ:STX opened at $586.25 on Friday. The company has a quick ratio of 0.72, a current ratio of 1.12 and a debt-to-equity ratio of 7.63. The company has a market capitalization of $127.84 billion, a P/E ratio of 66.32, a P/E/G ratio of 0.98 and a beta of 1.61. Seagate Technology Holdings PLC has a 52-week low of $80.56 and a 52-week high of $607.89. The stock's fifty day simple moving average is $437.89 and its 200-day simple moving average is $344.91.

Seagate Technology (NASDAQ:STX - Get Free Report) last posted its quarterly earnings data on Tuesday, January 27th. The data storage provider reported $3.11 EPS for the quarter, topping analysts' consensus estimates of $2.77 by $0.34. Seagate Technology had a negative return on equity of 936.38% and a net margin of 19.59%.The firm had revenue of $2.83 billion during the quarter, compared to analysts' expectations of $2.73 billion. During the same quarter last year, the business posted $2.03 EPS. The firm's quarterly revenue was up 21.5% compared to the same quarter last year. Seagate Technology has set its Q3 2026 guidance at 3.200-3.600 EPS. As a group, equities research analysts forecast that Seagate Technology Holdings PLC will post 12.13 earnings per share for the current fiscal year.

Seagate Technology Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 8th. Stockholders of record on Wednesday, March 25th were issued 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 dividend yield of 0.5%. Seagate Technology's payout ratio is 33.48%.

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.

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