Impax Asset Management Group plc Buys Shares of 24,323 Seagate Technology Holdings PLC $STX

Key Points

• Impax Asset Management Group plc established a new stake in Seagate, purchasing 24,323 shares (≈$6.70M) in the fourth quarter, per its SEC disclosure.
• Broker sentiment has turned bullish—Barclays upgraded STX to a Buy and Loop Capital raised its target to $800—driven by expected AI‑related data‑storage demand and Seagate's new high‑capacity products.
• Contrasting the buy signals, company insiders sold heavily last quarter (totaling 112,223 shares, ≈$46.7M), while institutional investors still own about 92.87% of the stock.

Impax Asset Management Group plc bought a new stake in Seagate Technology Holdings PLC (NASDAQ:STX - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm bought 24,323 shares of the data storage provider's stock, valued at approximately $6,698,000.

A number of other large investors have also recently modified their holdings of STX. Integrated Wealth Concepts LLC boosted its holdings in shares of Seagate Technology by 168.0% in the 1st quarter. Integrated Wealth Concepts LLC now owns 7,177 shares of the data storage provider's stock valued at $610,000 after purchasing an additional 4,499 shares in the last quarter. Sivia Capital Partners LLC acquired a new stake in shares of Seagate Technology in the 2nd quarter valued at $262,000. Cerity Partners LLC boosted its holdings in shares of Seagate Technology by 25.8% in the 2nd quarter. Cerity Partners LLC now owns 36,682 shares of the data storage provider's stock valued at $5,294,000 after purchasing an additional 7,517 shares in the last quarter. Sei Investments Co. boosted its holdings in shares of Seagate Technology by 64.8% in the 2nd quarter. Sei Investments Co. now owns 8,543 shares of the data storage provider's stock valued at $1,233,000 after purchasing an additional 3,358 shares in the last quarter. Finally, The Manufacturers Life Insurance Company boosted its holdings in shares of Seagate Technology by 0.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 127,887 shares of the data storage provider's stock valued at $18,458,000 after purchasing an additional 462 shares in the last quarter. Institutional investors and hedge funds own 92.87% of the company's stock.

Insider Buying and Selling

In other news, EVP Ban Seng Teh sold 20,195 shares of the stock in a transaction dated Thursday, January 29th. The stock was 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 owned 3,092 shares of the company's stock, valued at approximately $1,367,560.68. This represents a 86.72% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP James Ci Lee sold 673 shares of the stock in a transaction dated Monday, January 26th. The shares were sold at an average price of $348.85, for a total value of $234,776.05. Following the completion of the sale, the executive vice president directly owned 257 shares of the company's stock, valued at approximately $89,654.45. The trade was a 72.37% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 112,223 shares of company stock valued at $46,711,217. Corporate insiders own 0.79% of the company's stock.

More Seagate Technology News

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

Analyst Ratings Changes

A number of equities research analysts have weighed in on STX shares. Susquehanna raised their target price on Seagate Technology from $420.00 to $485.00 and gave the company a "neutral" rating in a report on Friday, April 10th. Sanford C. Bernstein increased their price target on Seagate Technology from $500.00 to $620.00 and gave the company an "outperform" rating in a research note on Thursday, April 9th. KeyCorp set a $500.00 price target on Seagate Technology in a research note on Wednesday, January 28th. Weiss Ratings reiterated a "buy (b)" rating on shares of Seagate Technology in a research note on Friday, March 27th. Finally, Jefferies Financial Group reiterated a "hold" rating on shares of Seagate Technology in a research note on Wednesday, February 4th. Twenty analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, Seagate Technology currently has a consensus rating of "Moderate Buy" and a consensus target price of $518.29.

Seagate Technology Stock Down 0.2%

Shares of STX opened at $586.25 on Friday. The stock has a market capitalization of $127.85 billion, a price-to-earnings ratio of 66.32, a PEG ratio of 0.98 and a beta of 1.61. The company has a debt-to-equity ratio of 7.63, a quick ratio of 0.72 and a current ratio of 1.12. Seagate Technology Holdings PLC has a 52 week low of $80.56 and a 52 week high of $607.89. The stock has a fifty day moving average of $437.89 and a 200-day moving average of $345.75.

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

Seagate Technology Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 8th. Stockholders of record on Wednesday, March 25th were paid a $0.74 dividend. The ex-dividend date of this dividend was Wednesday, March 25th. This represents a $2.96 annualized dividend and a dividend yield of 0.5%. Seagate Technology's dividend payout ratio is presently 33.48%.

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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