Horizon Investments LLC Increases Stock Holdings in Seagate Technology Holdings PLC $STX

Key Points

• Horizon Investments increased its stake in Seagate by 46.1% in Q4, holding 5,737 shares worth about $1.58 million per its SEC filing.
• Seagate beat estimates with $4.10 EPS and $3.11B revenue (up 44.1% YoY), raised guidance and launched an AI‑focused storage suite, prompting multiple analysts to lift price targets and a "Moderate Buy" consensus.
• Significant insider selling has occurred recently—insiders sold 78,333 shares (~$34.4M) last quarter, including several Rule 10b5‑1 trades, creating potential short‑term headline risk.

Horizon Investments LLC boosted its holdings in shares of Seagate Technology Holdings PLC (NASDAQ:STX - Free Report) by 46.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,737 shares of the data storage provider's stock after buying an additional 1,811 shares during the period. Horizon Investments LLC's holdings in Seagate Technology were worth $1,580,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Salomon & Ludwin LLC increased its holdings in shares of Seagate Technology by 124.4% during the fourth quarter. Salomon & Ludwin LLC now owns 92 shares of the data storage provider's stock valued at $27,000 after acquiring an additional 51 shares in the last quarter. Rakuten Securities Inc. boosted its stake in Seagate Technology by 884.2% in the 2nd quarter. Rakuten Securities Inc. now owns 187 shares of the data storage provider's stock worth $27,000 after purchasing an additional 168 shares in the last quarter. Armstrong Advisory Group Inc. purchased a new stake in Seagate Technology during the 4th quarter worth approximately $28,000. Avion Wealth increased its stake in Seagate Technology by 343.5% during the 4th quarter. Avion Wealth now owns 102 shares of the data storage provider's stock valued at $28,000 after purchasing an additional 79 shares in the last quarter. Finally, Concord Wealth Partners acquired a new position in Seagate Technology during the 4th quarter valued at approximately $28,000. 92.87% of the stock is currently owned by hedge funds and other institutional investors.

Key Stories Impacting Seagate Technology

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

• Positive Sentiment: Seagate launched an AI‑focused storage suite (consumer and professional lines, up to 256TB, Thunderbolt 5 support) aimed at creators, gamers and AI workflows — a product update that can support higher ASPs and reinforce Seagate’s AI growth story. Seagate’s New AI Storage Suite Meets Rapidly Rising STX Valuation
• Positive Sentiment: Media and analyst pieces are framing STX as a momentum/AI beneficiary, helping investor sentiment and validating Seagate’s premium re‑rating. Seagate Stock’s Rally Is No Accident: 3 Reasons Wall Street Is Optimistic
• Positive Sentiment: Zacks published a momentum‑oriented bullish piece on STX, which can attract momentum traders and retail flows. Seagate (STX) is a Great Momentum Stock: Should You Buy?
• Positive Sentiment: Broader market risk appetite is improving as the VIX drifts lower, which typically supports tech and cyclical names like Seagate. CBOE VIX Slides Toward 17 as Oil Retreat and Tech Stock Surge Restore Risk Appetite
• Neutral Sentiment: Long‑time Lead Independent Director Mike Cannon announced he will retire at the end of his term in Oct‑2026 — a governance change but expected and orderly given his tenure. Seagate Announces the Retirement of Michael R. Cannon, Lead Independent Director
• Neutral Sentiment: A broader fintech/AI narrative piece referenced top AI performers; its inclusion underscores investor focus on AI exposure but impact on STX is indirect. The Best‑Performing AI Stock Nobody Is Talking About Has Outrun Nvidia by a Mile
• Negative Sentiment: EVP James Ci Lee sold 697 shares at an average $741.17 under a pre‑arranged Rule 10b5‑1 plan (filed with the SEC); while routine, insider selling can be viewed negatively by some investors. SEC Filing - James Ci Lee Form 4
• Negative Sentiment: EVP John Christopher Morris sold 5,626 shares at ~$738.37 under a Rule 10b5‑1 plan (SEC filing); a sizeable cash‑out that may catch investor attention. SEC Filing - John Christopher Morris Form 4
• Negative Sentiment: Director Stephanie Tilenius sold 1,580 shares at ~$766.61; while disclosed, multiple recent insider sales collectively add short‑term headline risk. SEC Filing - Stephanie Tilenius Form 4

Seagate Technology Price Performance

NASDAQ:STX opened at $786.42 on Thursday. The firm's fifty day moving average is $469.01 and its two-hundred day moving average is $365.87. The firm has a market cap of $176.34 billion, a price-to-earnings ratio of 74.61 and a beta of 1.98. The company has a debt-to-equity ratio of 3.16, a quick ratio of 0.85 and a current ratio of 1.33. Seagate Technology Holdings PLC has a one year low of $93.32 and a one year high of $792.01.

Seagate Technology (NASDAQ:STX - Get Free Report) last released its quarterly earnings data on Tuesday, April 28th. The data storage provider reported $4.10 earnings per share for the quarter, beating analysts' consensus estimates of $3.51 by $0.59. Seagate Technology had a return on equity of 1,005.65% and a net margin of 21.60%.The business had revenue of $3.11 billion during the quarter, compared to analyst estimates of $2.96 billion. During the same quarter last year, the business posted $1.90 EPS. The company's revenue was up 44.1% on a year-over-year basis. Seagate Technology has set its Q4 2026 guidance at 4.800-5.200 EPS. Research analysts expect that Seagate Technology Holdings PLC will post 14.1 EPS for the current year.

Seagate Technology Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 7th. Shareholders 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 yield of 0.4%. Seagate Technology's payout ratio is presently 28.08%.

Insiders Place Their Bets

In other news, EVP Kian Fatt Chong sold 5,846 shares of the firm's stock in a transaction that occurred on Monday, February 23rd. The shares were sold at an average price of $416.48, for a total transaction of $2,434,742.08. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP James Ci Lee sold 697 shares of Seagate Technology stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $741.17, for a total transaction of $516,595.49. Following the transaction, the executive vice president directly owned 324 shares of the company's stock, valued at approximately $240,139.08. This trade represents a 68.27% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 78,333 shares of company stock worth $34,426,485. Corporate insiders own 0.79% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. Rosenblatt Securities lifted their price objective on shares of Seagate Technology from $500.00 to $1,000.00 and gave the stock a "buy" rating in a research note on Wednesday, April 29th. Weiss Ratings restated a "buy (b)" rating on shares of Seagate Technology in a research note on Friday, March 27th. Barclays lifted their price target on Seagate Technology from $625.00 to $750.00 and gave the stock an "overweight" rating in a research report on Wednesday, April 29th. BNP Paribas Exane boosted their price target on Seagate Technology from $530.00 to $860.00 and gave the company an "outperform" rating in a research note on Wednesday, April 29th. Finally, Sanford C. Bernstein increased their price objective on Seagate Technology from $620.00 to $1,000.00 and gave the company an "outperform" rating in a report on Wednesday, April 29th. One research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and four have given a Hold rating to the company's stock. Based on data from MarketBeat, Seagate Technology presently has a consensus rating of "Moderate Buy" and a consensus price target of $709.13.

About Seagate Technology

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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