Czech National Bank Grows Stake in Seagate Technology Holdings PLC $STX

Key Points

• Czech National Bank increased its stake in Seagate by 6.4% in Q4, owning 57,449 shares valued at about $15.82 million after acquiring an additional 3,433 shares.
• Several analysts raised price targets (Loop Capital to $700, BNP Paribas to $530, UBS to $440, Morgan Stanley to $372), leaving Seagate with a consensus rating of "Moderate Buy" and an average target of $447.35.
• Seagate beat expectations with EPS $3.11 vs. $2.77 and revenue of $2.83B (up 21.5% YoY), set Q3 2026 guidance of $3.20–$3.60 EPS, and declared a $0.74 quarterly dividend.

Czech National Bank grew its stake in shares of Seagate Technology Holdings PLC (NASDAQ:STX - Free Report) by 6.4% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 57,449 shares of the data storage provider's stock after acquiring an additional 3,433 shares during the period. Czech National Bank's holdings in Seagate Technology were worth $15,821,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of STX. National Pension Service lifted its position in shares of Seagate Technology by 28.0% during the 3rd quarter. National Pension Service now owns 250,121 shares of the data storage provider's stock valued at $59,044,000 after buying an additional 54,722 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. purchased a new stake in Seagate Technology in the 3rd quarter worth about $1,864,000. Keystone Investors PTE Ltd. increased its holdings in Seagate Technology by 55.7% in the 3rd quarter. Keystone Investors PTE Ltd. now owns 50,321 shares of the data storage provider's stock worth $11,879,000 after acquiring an additional 18,000 shares during the last quarter. Estate Counselors LLC bought a new stake in Seagate Technology in the 3rd quarter valued at about $2,557,000. Finally, Vision Financial Markets LLC raised its stake in Seagate Technology by 341.7% in the 3rd quarter. Vision Financial Markets LLC now owns 5,300 shares of the data storage provider's stock valued at $1,251,000 after acquiring an additional 4,100 shares during the period. Hedge funds and other institutional investors own 92.87% of the company's stock.

Analysts Set New Price Targets

STX has been the subject of a number of research reports. Loop Capital increased their target price on shares of Seagate Technology from $465.00 to $700.00 and gave the stock a "buy" rating in a research report on Monday, February 9th. Morgan Stanley upped their price target on shares of Seagate Technology from $337.00 to $372.00 and gave the company an "overweight" rating in a research note on Thursday, January 22nd. Jefferies Financial Group reaffirmed a "hold" rating on shares of Seagate Technology in a report on Wednesday, February 4th. BNP Paribas Exane lifted their price objective on shares of Seagate Technology from $430.00 to $530.00 and gave the company an "outperform" rating in a research note on Wednesday, February 4th. Finally, UBS Group boosted their target price on shares of Seagate Technology from $385.00 to $440.00 and gave the company a "neutral" rating in a report on Monday, February 9th. One research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and five have given a Hold rating to the company's stock. According to MarketBeat.com, Seagate Technology has an average rating of "Moderate Buy" and an average target price of $447.35.

Seagate Technology Trading Down 8.3%

Shares of Seagate Technology stock opened at $378.79 on Friday. Seagate Technology Holdings PLC has a 12-month low of $63.19 and a 12-month high of $459.84. The company has a market cap of $82.60 billion, a price-to-earnings ratio of 42.85, a PEG ratio of 0.92 and a beta of 1.61. The company has a current ratio of 1.12, a quick ratio of 0.72 and a debt-to-equity ratio of 7.63. The company's 50-day moving average price is $396.32 and its 200-day moving average price is $305.28.

Seagate Technology (NASDAQ:STX - Get Free Report) last issued its quarterly earnings data on Tuesday, January 27th. The data storage provider reported $3.11 EPS for the quarter, beating the consensus estimate of $2.77 by $0.34. The company had revenue of $2.83 billion during the quarter, compared to analysts' expectations of $2.73 billion. Seagate Technology had a net margin of 19.59% and a negative return on equity of 936.38%. Seagate Technology's revenue for the quarter was up 21.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.03 earnings per share. Seagate Technology has set its Q3 2026 guidance at 3.200-3.600 EPS. On average, equities analysts expect that Seagate Technology Holdings PLC will post 6.83 earnings per share for the current fiscal year.

Seagate Technology Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 8th. Stockholders of record on Wednesday, March 25th will be given a dividend of $0.74 per share. This represents a $2.96 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date is Wednesday, March 25th. Seagate Technology's payout ratio is 33.48%.

Insider Activity

In other news, EVP James Ci Lee sold 673 shares of the company's stock in a transaction on Monday, January 26th. The shares were sold at an average price of $348.85, for a total value of $234,776.05. Following the transaction, the executive vice president owned 257 shares of the company's stock, valued at approximately $89,654.45. This represents a 72.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Jay L. Geldmacher sold 925 shares of the stock in a transaction on Friday, January 30th. The stock was sold at an average price of $448.02, for a total value of $414,418.50. Following the completion of the sale, the director owned 223 shares in the company, valued at $99,908.46. This trade represents a 80.57% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 113,635 shares of company stock worth $44,430,443. Company insiders own 0.79% of the company's stock.

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.

Want to see what other hedge funds are holding STX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Seagate Technology Holdings PLC (NASDAQ:STX - Free Report).

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.