Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. Purchases Shares of 5,496 Seagate Technology Holdings PLC $STX

Key Points

• Mitsubishi UFJ Morgan Stanley Securities disclosed a new 13F position in Seagate Technology, buying 5,496 shares valued at about $1.51 million. The stake makes Seagate its 6th-largest holding and roughly 2.4% of the portfolio.
• Seagate reported strong quarterly results, with EPS of $4.10 topping estimates and revenue of $3.11 billion beating forecasts. The company also issued upbeat Q4 2026 guidance of $4.80 to $5.20 EPS.
• Institutional and analyst sentiment remain constructive, with major funds adding to positions and several firms lifting price targets, including Barclays to $1,000. Seagate also announced a quarterly dividend of $0.74 per share, payable July 7.

Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. purchased 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 SEC. The institutional investor purchased 5,496 shares of the data storage provider's stock, valued at approximately $1,514,000. Seagate Technology accounts for about 2.4% of Mitsubishi UFJ Morgan Stanley Securities Co. Ltd.'s portfolio, making the stock its 6th biggest position.

Several other large investors have also recently bought and sold shares of the stock. Vanguard Group Inc. raised its holdings in 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 valued at $6,642,796,000 after acquiring an additional 442,749 shares during the period. State Street Corp raised its holdings in 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 valued at $2,196,420,000 after acquiring an additional 274,913 shares during the period. WCM Investment Management LLC bought a new position in Seagate Technology in the 3rd quarter valued at about $1,187,621,000. Geode Capital Management LLC raised its holdings in Seagate Technology by 5.0% in the 4th quarter. Geode Capital Management LLC now owns 4,896,815 shares of the data storage provider's stock valued at $1,343,683,000 after acquiring an additional 234,436 shares during the period. Finally, Arrowstreet Capital Limited Partnership raised its holdings in 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 valued at $696,262,000 after acquiring an additional 2,697,957 shares during the period. 92.87% of the stock is owned by institutional investors.

Insider Transactions at Seagate Technology

In other Seagate Technology news, EVP James Ci Lee sold 697 shares of the firm's stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $741.17, for a total value of $516,595.49. Following the sale, the executive vice president owned 324 shares in the company, valued at $240,139.08. This trade represents a 68.27% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO William D. Mosley sold 30,000 shares of the firm's stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $751.29, for a total transaction of $22,538,700.00. Following the completion of the sale, the chief executive officer owned 339,591 shares in the company, valued at $255,131,322.39. This represents a 8.12% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 142,437 shares of company stock valued at $86,093,575. Corporate insiders own 0.79% of the company's stock.

Seagate Technology Stock Performance

NASDAQ STX opened at $880.72 on Friday. The company has a current ratio of 1.33, a quick ratio of 0.85 and a debt-to-equity ratio of 3.16. The firm has a market capitalization of $197.48 billion, a price-to-earnings ratio of 83.56 and a beta of 1.98. The firm's 50 day simple moving average is $602.56 and its 200 day simple moving average is $428.87. Seagate Technology Holdings PLC has a 1 year low of $116.28 and a 1 year high of $905.39.

Seagate Technology (NASDAQ:STX - Get Free Report) last posted its quarterly earnings results 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 net margin of 21.60% and a return on equity of 1,005.65%. The business had revenue of $3.11 billion for the quarter, compared to analyst estimates of $2.96 billion. During the same quarter last year, the business posted $1.90 EPS. 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. As a group, research analysts expect that Seagate Technology Holdings PLC will post 14.1 earnings per share for the current fiscal year.

Seagate Technology Dividend Announcement

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 given a $0.74 dividend. The ex-dividend date is Wednesday, June 24th. This represents a $2.96 dividend on an annualized basis and a yield of 0.3%. Seagate Technology's dividend payout ratio (DPR) is currently 28.08%.

Analyst Upgrades and Downgrades

STX has been the topic of several recent research reports. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Seagate Technology in a report on Friday, March 27th. Zacks Research raised shares of Seagate Technology from a "hold" rating to a "strong-buy" rating in a report on Friday, May 1st. Evercore raised their target price on shares of Seagate Technology from $750.00 to $1,000.00 and gave the stock an "outperform" rating in a report on Tuesday, May 12th. Bank of America raised their target price on shares of Seagate Technology from $840.00 to $900.00 and gave the stock a "buy" rating in a report on Tuesday. Finally, Mizuho raised their target price on shares of Seagate Technology from $565.00 to $700.00 and gave the stock an "outperform" rating in a 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 company's stock. According to MarketBeat, Seagate Technology currently has an average rating of "Moderate Buy" and a consensus price target of $746.63.

Trending Headlines about Seagate Technology

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

• Positive Sentiment: Barclays raised its price target on Seagate Technology Holdings PLC (STX) to $1,000 from $750 and kept an overweight rating, signaling further upside as demand remains strong. Seagate Tech (STX) Receives a Buy from Barclays
• Positive Sentiment: Multiple reports highlighted Seagate’s AI storage opportunity, with commentary pointing to accelerating hyperscale demand, HAMR adoption, and strong margin performance as key growth drivers. Seagate: Micron And SK Hynix Gave The Greenlight To Buy More
• Positive Sentiment: Seagate closed a privately negotiated exchange of $185.9 million of exchangeable notes, a balance-sheet and capital-structure move that may be viewed favorably by investors. Seagate Announces Closing of Exchanges with Holders of $185.908 Million Principal Amount of Exchangeable Notes
• Neutral Sentiment: Several articles revisited why STX has been up sharply since its last earnings report, reflecting continued investor focus on the company’s strong post-earnings momentum rather than a new catalyst. Why Is Seagate (STX) Up 35.3% Since Last Earnings Report?
• Neutral Sentiment: Seagate’s recent conference presentation and broader analyst coverage underscore ongoing optimism, but these items are more confirmatory than fresh catalysts for the stock. Seagate Technology Holdings plc Presents at TD Cowen's 54th Annual Technology, Media & Telecom Conference Transcript
• Negative Sentiment: There were no major company-specific negative headlines in the provided articles; the main risk is that the stock’s strong run could leave it vulnerable if AI storage demand or margins cool.

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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