Citizens Financial Group Inc. RI Has $1.18 Million Holdings in Seagate Technology Holdings PLC $STX

Citizens Financial Group Inc. RI grew its position in Seagate Technology Holdings PLC (NASDAQ:STX - Free Report) by 60.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,279 shares of the data storage provider's stock after purchasing an additional 1,605 shares during the period. Citizens Financial Group Inc. RI's holdings in Seagate Technology were worth $1,178,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. New York State Teachers Retirement System increased its holdings in shares of Seagate Technology by 5.0% during the 4th quarter. New York State Teachers Retirement System now owns 187,044 shares of the data storage provider's stock valued at $51,510,000 after acquiring an additional 8,991 shares during the last quarter. US Bancorp DE increased its holdings in shares of Seagate Technology by 2.7% during the 4th quarter. US Bancorp DE now owns 40,153 shares of the data storage provider's stock valued at $11,058,000 after acquiring an additional 1,073 shares during the last quarter. Interchange Capital Partners LLC acquired a new position in shares of Seagate Technology during the 4th quarter valued at about $235,000. Oakworth Capital Inc. increased its holdings in shares of Seagate Technology by 158.5% during the 4th quarter. Oakworth Capital Inc. now owns 1,034 shares of the data storage provider's stock valued at $285,000 after acquiring an additional 634 shares during the last quarter. Finally, Wealthfront Advisers LLC increased its holdings in shares of Seagate Technology by 6.9% during the 4th quarter. Wealthfront Advisers LLC now owns 44,451 shares of the data storage provider's stock valued at $12,241,000 after acquiring an additional 2,870 shares during the last quarter. 92.87% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, EVP Kian Fatt Chong sold 5,846 shares of the stock in a transaction that occurred on Monday, February 23rd. The stock was sold at an average price of $416.48, for a total value of $2,434,742.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO William D. Mosley sold 24,584 shares of the 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 completion of the transaction, the chief executive officer directly owned 375,591 shares of the company's stock, valued at approximately $152,779,151.07. The trade was a 6.14% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 70,430 shares of company stock valued at $28,544,576. 0.79% of the stock is currently owned by insiders.

Seagate Technology Stock Performance

Seagate Technology stock opened at $726.93 on Monday. The business has a 50 day moving average price of $454.23 and a two-hundred day moving average price of $358.04. 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 stock has a market cap of $163.00 billion, a price-to-earnings ratio of 68.97 and a beta of 1.98. Seagate Technology Holdings PLC has a 12 month low of $91.29 and a 12 month high of $728.00.

Seagate Technology (NASDAQ:STX - Get Free Report) last posted its quarterly earnings results 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. The firm had revenue of $3.11 billion during the quarter, compared to analysts' expectations of $2.96 billion. Seagate Technology had a return on equity of 1,005.65% and a net margin of 21.60%.The company's revenue for the quarter was up 44.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.90 EPS. Seagate Technology has set its Q4 2026 guidance at 4.800-5.200 EPS. As a group, equities analysts forecast that Seagate Technology Holdings PLC will post 14.1 EPS for the current year.

Seagate Technology Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 7th. Stockholders of record on Wednesday, June 24th will be issued a $0.74 dividend. The ex-dividend date of this dividend is Wednesday, June 24th. This represents a $2.96 dividend on an annualized basis and a dividend yield of 0.4%. Seagate Technology's dividend payout ratio is presently 28.08%.

Key Headlines Impacting 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

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on STX shares. BNP Paribas Exane increased their price objective on Seagate Technology from $530.00 to $860.00 and gave the company an "outperform" rating in a report on Wednesday, April 29th. Bank of America increased their price objective on Seagate Technology from $700.00 to $840.00 and gave the company a "buy" rating in a report on Monday, April 27th. Evercore increased their price objective on Seagate Technology from $550.00 to $750.00 and gave the company an "outperform" rating in a report on Wednesday, April 29th. Loop Capital increased their price objective on Seagate Technology from $700.00 to $800.00 and gave the company a "buy" rating in a report on Thursday, April 23rd. Finally, Cantor Fitzgerald increased their price objective on Seagate Technology from $700.00 to $1,000.00 and gave the company an "overweight" rating in a report on Wednesday, April 29th. Twenty equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $709.13.

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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