Navellier & Associates Inc. Takes $11.52 Million Position in Seagate Technology Holdings PLC $STX

Key Points

• Navellier & Associates bought a new stake of 41,847 Seagate shares valued at $11.52 million, making STX ~1.3% of its portfolio and its 15th-largest holding.
• Company insiders have been net sellers — CEO William Mosley sold 24,584 shares (~$10.0M) and insiders disposed of 70,430 shares worth about $28.5M in the last quarter, leaving insiders with 0.79% ownership.
• Seagate beat quarterly estimates with EPS $4.10 vs. $3.51 and revenue up 44.1% YoY, prompting multiple analyst price-target raises (average target $709.13, top target $1,000) and positive market sentiment.

Navellier & Associates Inc. bought a new stake in shares of Seagate Technology Holdings PLC (NASDAQ:STX - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 41,847 shares of the data storage provider's stock, valued at approximately $11,524,000. Seagate Technology makes up approximately 1.3% of Navellier & Associates Inc.'s portfolio, making the stock its 15th biggest position.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Sovereign Financial Group Inc. raised its holdings in Seagate Technology by 3.2% in the fourth quarter. Sovereign Financial Group Inc. now owns 1,063 shares of the data storage provider's stock worth $293,000 after purchasing an additional 33 shares in the last quarter. Pallas Capital Advisors LLC boosted its position in shares of Seagate Technology by 0.6% during the fourth quarter. Pallas Capital Advisors LLC now owns 5,446 shares of the data storage provider's stock valued at $1,500,000 after buying an additional 33 shares during the last quarter. Mutual Advisors LLC boosted its position in shares of Seagate Technology by 3.1% during the fourth quarter. Mutual Advisors LLC now owns 1,213 shares of the data storage provider's stock valued at $334,000 after buying an additional 36 shares during the last quarter. West Family Investments Inc. boosted its position in shares of Seagate Technology by 2.7% during the third quarter. West Family Investments Inc. now owns 1,428 shares of the data storage provider's stock valued at $337,000 after buying an additional 37 shares during the last quarter. Finally, Capital Investment Advisors LLC boosted its position in Seagate Technology by 1.9% in the fourth quarter. Capital Investment Advisors LLC now owns 1,950 shares of the data storage provider's stock worth $537,000 after purchasing an additional 37 shares during the last quarter. Institutional investors own 92.87% of the company's stock.

Insider Buying and Selling

In other news, CEO William D. Mosley sold 24,584 shares of the firm's stock in a transaction that occurred on Thursday, March 19th. The stock was sold at an average price of $406.77, for a total value of $10,000,033.68. Following the transaction, the chief executive officer owned 375,591 shares in the company, valued at $152,779,151.07. This trade represents a 6.14% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Kian Fatt Chong sold 5,846 shares of the stock in a transaction that occurred on Monday, February 23rd. The shares were sold at an average price of $416.48, for a total value of $2,434,742.08. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 70,430 shares of company stock worth $28,544,576 in the last quarter. 0.79% of the stock is currently owned by company insiders.

Seagate Technology Trading Up 4.4%

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

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

Trending Headlines about Seagate Technology

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 Upgrades and Downgrades

Several research analysts have recently commented on the company. TD Cowen raised their price objective on Seagate Technology from $500.00 to $850.00 and gave the stock a "buy" rating in a research note on Wednesday, April 29th. Morgan Stanley lifted their target price on Seagate Technology from $582.00 to $767.00 and gave the company an "overweight" rating in a research note on Wednesday, April 29th. Wedbush lifted their price objective on Seagate Technology from $700.00 to $825.00 and gave the stock an "outperform" rating in a research note on Monday, April 27th. JPMorgan Chase & Co. lifted their price objective on Seagate Technology from $525.00 to $775.00 and gave the stock an "overweight" rating in a research note on Wednesday, April 29th. Finally, Sanford C. Bernstein lifted their target price on Seagate Technology from $620.00 to $1,000.00 and gave the stock an "outperform" rating in a report on Wednesday, April 29th. One analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and four have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $709.13.

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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