Commerzbank Aktiengesellschaft FI Invests $1.13 Million in Seagate Technology Holdings PLC $STX

Key Points

• Commerzbank Aktiengesellschaft FI acquired 1,170 Seagate shares worth approximately $1.13 million during the second quarter. Institutional investors and hedge funds collectively own 92.87% of STX.
• Seagate beat quarterly expectations with adjusted EPS of $5.71 versus the $5.10 consensus and revenue of $3.63 billion, up 48.5% year over year. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $986.
• Despite strong AI- and data-center-driven growth prospects, Seagate faces valuation and volatility concerns after a sharp share-price advance. Insiders sold more than $116 million in stock over the past 90 days, while the company announced a quarterly dividend of $0.74 per share.

Commerzbank Aktiengesellschaft FI acquired a new position in shares of Seagate Technology Holdings PLC (NASDAQ:STX - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 1,170 shares of the data storage provider's stock, valued at approximately $1,129,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in STX. Norges Bank acquired a new position in shares of Seagate Technology in the fourth quarter worth $498,363,000. Soroban Capital Partners LP grew its stake 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 valued at $204,602,000 after acquiring an additional 1,327,197 shares in the last quarter. Janus Henderson Group PLC grew its position in shares of Seagate Technology by 3,872.1% during the first quarter. Janus Henderson Group PLC now owns 967,528 shares of the data storage provider's stock worth $378,985,000 after buying an additional 943,170 shares in the last quarter. Deutsche Bank AG increased its holdings in Seagate Technology by 102.0% in the fourth quarter. Deutsche Bank AG now owns 1,599,962 shares of the data storage provider's stock valued at $440,614,000 after buying an additional 807,962 shares during the last quarter. Finally, National Pension Service raised its holdings in shares of Seagate Technology by 298.7% during the fourth quarter. National Pension Service now owns 997,223 shares of the data storage provider's stock worth $274,625,000 after purchasing an additional 747,102 shares during the period. 92.87% of the stock is currently owned by institutional investors and hedge funds.

Seagate Technology Price Performance

Shares of STX stock opened at $903.45 on Wednesday. The company has a quick ratio of 1.17, a current ratio of 1.67 and a debt-to-equity ratio of 1.56. The firm has a market capitalization of $204.77 billion, a price-to-earnings ratio of 65.09 and a beta of 2.06. The firm has a fifty day moving average of $894.87 and a 200-day moving average of $674.58. Seagate Technology Holdings PLC has a 12-month low of $152.50 and a 12-month high of $1,145.00.

Seagate Technology (NASDAQ:STX - Get Free Report) last posted its quarterly earnings data on Tuesday, July 28th. The data storage provider reported $5.71 EPS for the quarter, topping analysts' consensus estimates of $5.10 by $0.61. The company had revenue of $3.63 billion during the quarter, compared to the consensus estimate of $3.50 billion. Seagate Technology had a net margin of 26.11% and a return on equity of 369.98%. The company's quarterly revenue was up 48.5% on a year-over-year basis. During the same period in the prior year, the business posted $2.59 EPS. Seagate Technology has set its Q1 2027 guidance at 7.100-7.500 EPS. On average, equities research analysts forecast that Seagate Technology Holdings PLC will post 34.42 earnings per share for the current year.

Seagate Technology Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 7th. Investors of record on Thursday, September 24th will be given a dividend of $0.74 per share. The ex-dividend date is Thursday, September 24th. This represents a $2.96 annualized dividend and a yield of 0.3%. Seagate Technology's dividend payout ratio (DPR) is currently 21.33%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on STX. Barclays increased their price target on Seagate Technology from $1,000.00 to $1,250.00 and gave the company an "overweight" rating in a research note on Thursday, July 30th. Wells Fargo & Company boosted their target price on shares of Seagate Technology from $1,100.00 to $1,180.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 29th. Bank of America increased their price objective on Seagate Technology from $1,000.00 to $1,150.00 and gave the company a "buy" rating in a report on Wednesday, July 1st. Morgan Stanley boosted their target price on shares of Seagate Technology from $1,035.00 to $1,187.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 29th. Finally, Mizuho increased their price objective on Seagate Technology from $875.00 to $1,090.00 and gave the company an "outperform" rating in a research report on Monday, June 8th. One analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $986.00.

Key Headlines Impacting Seagate Technology

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

• Positive Sentiment: Seagate’s growth outlook is supported by sustained demand for data-center storage tied to artificial intelligence, advances in heat-assisted magnetic recording (HAMR), and disciplined execution. These factors could support revenue growth, margins and free cash flow. Seagate's Growth Engine Gains Momentum Across 3 Fronts
• Positive Sentiment: Recent results reinforce the bullish case: Seagate exceeded quarterly earnings and revenue expectations, while revenue increased sharply year over year. Its outlook for the next quarter also points to continued earnings momentum.
• Positive Sentiment: Jim Cramer included Seagate among memory and storage stocks that may still have room to rise, arguing that AI-related demand is creating an unusually attractive opportunity despite the sector’s historically cyclical boom-and-bust pattern. Jim Cramer says it's not too late to invest in SNDK, MU, STX, WDC
• Positive Sentiment: Other commentary identifies Seagate’s above-average financial growth, record cash-flow potential and favorable positioning for AI infrastructure as reasons growth investors should not overlook STX. 3 Reasons Why Growth Investors Shouldn't Overlook Seagate
• Neutral Sentiment: Seagate’s shares have risen dramatically over the past six months and recently reached a new 52-week high, prompting investors to consider whether the strong operating performance is already reflected in the stock. 3 Reasons We Love Seagate
• Negative Sentiment: Profit-taking and valuation concerns may be contributing to the weaker session. STX carries a high earnings multiple and substantial volatility after its sharp advance, leaving the stock vulnerable when investors rotate among AI, memory and storage names or reassess the sector’s cyclicality.

Insider Transactions at Seagate Technology

In other news, CEO William D. Mosley sold 20,657 shares of Seagate Technology stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $910.48, for a total value of $18,807,785.36. Following the completion of the transaction, the chief executive officer directly owned 320,860 shares of the company's stock, valued at approximately $292,136,612.80. This trade represents a 6.05% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Gianluca Romano sold 14,091 shares of Seagate Technology stock in a transaction on Friday, August 7th. The shares were sold at an average price of $811.25, for a total transaction of $11,431,323.75. Following the completion of the sale, the chief financial officer directly owned 21,543 shares of the company's stock, valued at approximately $17,476,758.75. The trade was a 39.54% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 133,650 shares of company stock worth $116,077,574 over the last ninety days. 0.79% of the stock is owned by insiders.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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