Indivisible Partners Acquires Shares of 34,637 Seagate Technology Holdings PLC $STX

Key Points

• Indivisible Partners acquired 34,637 shares of Seagate (NASDAQ:STX) in Q4, a stake worth about $9.54 million that represents roughly 1.0% of the fund's holdings and is its 15th-largest position.
• Seagate reported a strong quarter—EPS $4.10 vs. $3.51 estimate and revenue up 44.1% year-over-year—and set Q4 2026 guidance of $4.80–$5.20, while multiple analysts sharply raised price targets, leaving a consensus target near $709 and broad bullishness tied to AI/cloud demand.
• STX shares have rallied to near 12‑month highs (opened $771.01) with a market cap around $173 billion and heavy institutional ownership (~92.9%), though insiders sold about 70,430 shares (~$28.5M) over the last quarter.

Indivisible Partners acquired a new stake in Seagate Technology Holdings PLC (NASDAQ:STX - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 34,637 shares of the data storage provider's stock, valued at approximately $9,539,000. Seagate Technology accounts for approximately 1.0% of Indivisible Partners' holdings, making the stock its 15th biggest holding.

Several other institutional investors also recently made changes to their positions in the stock. Vanguard Group Inc. boosted its position in shares of Seagate Technology by 1.6% in the 3rd quarter. Vanguard Group Inc. now owns 28,140,287 shares of the data storage provider's stock worth $6,642,796,000 after buying an additional 442,749 shares in the last quarter. State Street Corp boosted its position in shares of Seagate Technology by 3.1% in the 3rd quarter. State Street Corp now owns 9,276,278 shares of the data storage provider's stock worth $2,196,420,000 after buying an additional 274,913 shares in the last quarter. WCM Investment Management LLC purchased a new stake in shares of Seagate Technology in the 3rd quarter worth about $1,187,621,000. Arrowstreet Capital Limited Partnership boosted its position in shares of Seagate Technology by 1,072.5% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 2,949,512 shares of the data storage provider's stock worth $696,262,000 after buying an additional 2,697,957 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its position in shares of Seagate Technology by 1,510.1% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 2,008,516 shares of the data storage provider's stock worth $553,125,000 after buying an additional 1,883,769 shares in the last quarter. 92.87% of the stock is currently owned by hedge funds and other institutional investors.

Seagate Technology News Roundup

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

• Positive Sentiment: Wall Street optimism: MSN outlines three reasons for Seagate’s rally, citing demand dynamics and analyst enthusiasm that help explain the stock’s recent surge. Seagate Stocks’s Rally Is No Accident: 3 Reasons Wall Street Is Optimistic
• Positive Sentiment: Momentum profile: Zacks argues STX is a top momentum stock, highlighting strong price action, upgrade/estimate trends and momentum indicators that can attract momentum-focused buyers. Seagate (STX) is a Great Momentum Stock: Should You Buy?
• Positive Sentiment: AI demand narrative: 247WallSt spotlights Seagate as an under-the-radar AI beneficiary that has outperformed larger names, reinforcing investor interest in STX as AI/cloud storage tailwinds persist. The Best-Performing AI Stock Nobody Is Talking About Has Outrun Nvidia by a Mile
• Positive Sentiment: Earnings-estimate revisions: Coverage notes that analysts have been raising earnings estimates for Seagate, supporting the case for further upside and underpinning valuation re-rating. Earnings Estimates Moving Higher for Seagate (STX): Time to Buy?
• Positive Sentiment: Management visibility: Seagate confirmed presentations at JP Morgan and TD Cowen conferences later this month — a chance to reinforce guidance and engage institutional investors. Seagate to Participate in Upcoming Investor Events
• Neutral Sentiment: Momentum lists & rankings: Multiple Zacks/Yahoo pieces include STX on "best momentum" or Zacks Rank #1 lists, which can drive interest from model-following funds but are less directly tied to fundamentals. Best Momentum Stock to Buy for May 4th
• Neutral Sentiment: Long-term performance story: Feature pieces on Yahoo show exceptional multi-year returns for Seagate, reinforcing the narrative for long-term investors but offering limited incremental near-term catalyst. Here's How Much a $1000 Investment in Seagate Made 10 Years Ago Would Be Worth Today
• Negative Sentiment: Valuation caution: Jim Cramer commented that stocks like Seagate look "really overextended" to him, a sentiment that could encourage some profit-taking or caution among retail/institutional traders. Jim Cramer Says Stocks Like Seagate “Are Really Overextended” For Him

Analyst Ratings Changes

STX has been the subject of several analyst reports. Evercore boosted their target price on shares of Seagate Technology from $550.00 to $750.00 and gave the company an "outperform" rating in a research note on Wednesday, April 29th. Robert W. Baird upped their price objective on shares of Seagate Technology from $270.00 to $505.00 and gave the company an "outperform" rating in a research note on Thursday, January 29th. JPMorgan Chase & Co. upped their price objective on shares of Seagate Technology from $525.00 to $775.00 and gave the company an "overweight" rating in a research note on Wednesday, April 29th. Morgan Stanley increased their target price on shares of Seagate Technology from $582.00 to $767.00 and gave the stock an "overweight" rating in a research report on Wednesday, April 29th. Finally, UBS Group increased their price objective on shares of Seagate Technology from $515.00 to $545.00 and gave the company a "neutral" rating in a research report on Wednesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $709.13.

Insiders Place Their Bets

In other Seagate Technology news, EVP Kian Fatt Chong sold 5,846 shares of the firm's stock in a transaction 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 transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO William D. Mosley sold 20,000 shares of the firm's stock in a transaction on Wednesday, April 1st. The shares were sold at an average price of $420.73, for a total value of $8,414,600.00. Following the completion of the sale, the chief executive officer owned 355,591 shares in the company, valued at $149,607,801.43. The trade was a 5.32% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 70,430 shares of company stock worth $28,544,576 over the last quarter. 0.79% of the stock is currently owned by company insiders.

Seagate Technology Stock Performance

Shares of STX opened at $771.01 on Wednesday. The business's fifty day moving average price is $461.42 and its 200 day moving average price is $361.93. Seagate Technology Holdings PLC has a 12-month low of $91.92 and a 12-month high of $792.01. The stock has a market capitalization of $172.88 billion, a PE ratio of 73.15 and a beta of 1.98. The company has a debt-to-equity ratio of 3.16, a current ratio of 1.33 and a quick ratio of 0.85.

Seagate Technology (NASDAQ:STX - Get Free Report) last announced its quarterly earnings data on Tuesday, April 28th. The data storage provider reported $4.10 earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm had revenue of $3.11 billion for the quarter, compared to analysts' expectations of $2.96 billion. During the same period last year, the business posted $1.90 earnings per share. The firm's revenue for the quarter was up 44.1% on a year-over-year basis. Seagate Technology has set its Q4 2026 guidance at 4.800-5.200 EPS. Equities research 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. Shareholders of record on Wednesday, June 24th will be paid a $0.74 dividend. This represents a $2.96 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date is Wednesday, June 24th. Seagate Technology's dividend payout ratio (DPR) is presently 28.08%.

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.

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