Massachusetts Financial Services Co. MA Has $553.13 Million Position in Seagate Technology Holdings PLC $STX

Key Points

• Massachusetts Financial Services Co. MA boosted its Seagate stake by 1,510.1% in Q4 to 2,008,516 shares, now worth $553.13 million and representing about 0.94% of the company.
• Seagate topped Q4 estimates with $3.11 EPS (vs. $2.77 expected) and $2.83 billion in revenue (up 21.5% YoY), and set Q3 2026 guidance of $3.20–$3.60 while analysts forecast roughly 6.83 EPS for the year.
• Analysts have raised price targets (average ~$486.21, with some as high as $620) amid rising HDD prices, AI-driven data‑center demand and Seagate’s strategic sale of its Lyve Cloud business to Wasabi, though insiders have recently sold shares.

Massachusetts Financial Services Co. MA grew its position in Seagate Technology Holdings PLC (NASDAQ:STX - Free Report) by 1,510.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,008,516 shares of the data storage provider's stock after buying an additional 1,883,769 shares during the quarter. Massachusetts Financial Services Co. MA owned 0.94% of Seagate Technology worth $553,125,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Rakuten Securities Inc. raised its position in shares of Seagate Technology by 884.2% in the 2nd quarter. Rakuten Securities Inc. now owns 187 shares of the data storage provider's stock valued at $27,000 after buying an additional 168 shares in the last quarter. Armstrong Advisory Group Inc. acquired a new position in shares of Seagate Technology in the 4th quarter valued at approximately $28,000. First Horizon Corp acquired a new position in shares of Seagate Technology in the 3rd quarter valued at approximately $33,000. Raiffeisen Bank International AG acquired a new position in shares of Seagate Technology in the 3rd quarter valued at approximately $33,000. Finally, Physician Wealth Advisors Inc. raised its position in shares of Seagate Technology by 43.7% in the 3rd quarter. Physician Wealth Advisors Inc. now owns 148 shares of the data storage provider's stock valued at $35,000 after buying an additional 45 shares in the last quarter. 92.87% of the stock is currently owned by institutional investors and hedge funds.

Seagate Technology Stock Performance

NASDAQ STX opened at $503.13 on Friday. The firm's fifty day moving average price is $412.23 and its two-hundred day moving average price is $323.78. The stock has a market cap of $109.72 billion, a PE ratio of 56.92, a PEG ratio of 1.09 and a beta of 1.61. Seagate Technology Holdings PLC has a fifty-two week low of $67.63 and a fifty-two week high of $517.18. 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 (NASDAQ:STX - Get Free Report) last posted its earnings results on Tuesday, January 27th. The data storage provider reported $3.11 earnings per share for the quarter, topping analysts' consensus estimates of $2.77 by $0.34. The firm had revenue of $2.83 billion for 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%. The company's revenue was up 21.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $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 EPS for the current fiscal year.

Seagate Technology Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 8th. Shareholders of record on Wednesday, March 25th were given a $0.74 dividend. This represents a $2.96 annualized dividend and a yield of 0.6%. The ex-dividend date was Wednesday, March 25th. Seagate Technology's dividend payout ratio is 33.48%.

Insider Transactions at Seagate Technology

In other Seagate Technology news, CEO William D. Mosley sold 24,584 shares of the company's stock in a transaction that occurred on Thursday, March 19th. The shares were sold at an average price of $406.77, for a total value of $10,000,033.68. Following the completion of the transaction, the chief executive officer directly owned 375,591 shares in the company, valued at approximately $152,779,151.07. This represents a 6.14% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Ban Seng Teh sold 20,195 shares of the company's stock in a transaction that occurred on Thursday, January 29th. The shares were sold at an average price of $442.29, for a total transaction of $8,932,046.55. Following the completion of the transaction, the executive vice president owned 3,092 shares of the company's stock, valued at approximately $1,367,560.68. This trade represents a 86.72% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 113,635 shares of company stock worth $47,133,843. 0.79% of the stock is currently owned by insiders.

Trending Headlines about Seagate Technology

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

• Positive Sentiment: Seagate completed a sale of its Lyve Cloud business to Wasabi, receiving equity in Wasabi and retaining upside as a shareholder while narrowing focus on mass-capacity storage — a move investors view as simplifying the business and concentrating resources on the higher-margin HDD growth opportunity. Wasabi Technologies Acquires Seagate’s Lyve Cloud Business
• Positive Sentiment: BusinessWire also reported the Wasabi acquisition and Seagate’s receipt of equity; the deal is being framed as strategic (cash-lite consideration + equity) that preserves upside while de-emphasizing cloud services. Wasabi Technologies Acquires Seagate's Lyve Cloud Business
• Positive Sentiment: Analysts kept raising targets and reiterating bullish views: Sanford Bernstein to $620 (Outperform), Evercore to $550 (Outperform), and Mizuho to $565 (Outperform) — these larger-firm price-target raises support upside expectations and likely lifted sentiment. Bernstein Raises PT to $620
• Positive Sentiment: Industry and product-tailwind stories highlight rising HDD prices and strong AI-driven demand for mass storage, reinforcing revenue and margin upside expectations for Seagate. These macro/industry notes increase conviction that Seagate will benefit from the data-center buildout. Hard Disk Drive Prices Are Rising
• Positive Sentiment: Coverage calling Seagate a beneficiary of NVIDIA’s data-center boom (alongside Micron and others) underscores durable secular demand for high-capacity storage in AI clusters. These 4 Stocks Are Quietly Riding NVIDIA's Data Center Boom Higher
• Neutral Sentiment: Broader market strength — the S&P 500’s multi-day rally with several chip and storage names leading — is a positive backdrop but reflects general risk-on flows rather than company-specific news. Inside the S&P 500’s 7-Day Rally
• Neutral Sentiment: Analyst Susquehanna raised its price target to $485 but kept a "neutral" rating, signaling the stock may be near fair value per that shop — supportive on the price target but less bullish on further upside. Susquehanna Raises PT to $485, Maintains Neutral
• Negative Sentiment: One caution: a few notes and valuation pieces point to strong recent momentum already being priced in (rapid multi-period share gains), so near-term upside depends on continued HDD price strength and execution; some shops see limited near-term upside from current levels. 3 Growth Stocks to Add to Your Roster

Analysts Set New Price Targets

STX has been the subject of several analyst reports. Argus boosted their target price on shares of Seagate Technology from $300.00 to $450.00 and gave the company a "buy" rating in a research report on Thursday, January 29th. TD Cowen boosted their target price on shares of Seagate Technology from $340.00 to $500.00 and gave the company a "buy" rating in a research report on Wednesday, January 28th. BNP Paribas Exane boosted their target price on shares of Seagate Technology from $430.00 to $530.00 and gave the company an "outperform" rating in a research report on Wednesday, February 4th. Robert W. Baird lifted their price target on shares of Seagate Technology from $270.00 to $505.00 and gave the company an "outperform" rating in a report on Thursday, January 29th. Finally, Susquehanna increased their price objective on shares of Seagate Technology from $420.00 to $485.00 and gave the company a "neutral" rating in a research note on Friday. Nineteen investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, Seagate Technology presently has an average rating of "Moderate Buy" and an average target price of $486.21.

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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