Night Squared LP Takes Position in Seagate Technology Holdings PLC $STX

Key Points

• Night Squared LP opened a new position in Seagate, buying 13,611 shares (~$3.21M) in Q3, and several other institutions also increased stakes — institutional ownership stands at about 92.87%.
• Company insiders have been net sellers recently: the CEO sold 20,000 shares and an EVP sold 20,195 shares, with insiders offloading 89,051 shares (~$34.4M) over the past 90 days (insiders now own ~0.79%).
• Seagate posted an EPS beat (Q: $3.11 vs $2.77 expected) with revenue up 21.5% YoY, set Q3 2026 EPS guidance of 3.20–3.60, and analysts have raised price targets to a consensus of about $447.35.

Night Squared LP acquired a new stake in Seagate Technology Holdings PLC (NASDAQ:STX - Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 13,611 shares of the data storage provider's stock, valued at approximately $3,213,000.

A number of other large investors have also recently bought and sold shares of the business. National Pension Service boosted its position in Seagate Technology by 28.0% during the third quarter. National Pension Service now owns 250,121 shares of the data storage provider's stock worth $59,044,000 after purchasing an additional 54,722 shares during the period. Tokio Marine Asset Management Co. Ltd. bought a new position in shares of Seagate Technology in the third quarter valued at approximately $1,864,000. Keystone Investors PTE Ltd. lifted its stake in shares of Seagate Technology by 55.7% in the third quarter. Keystone Investors PTE Ltd. now owns 50,321 shares of the data storage provider's stock worth $11,879,000 after buying an additional 18,000 shares during the last quarter. Estate Counselors LLC acquired a new stake in shares of Seagate Technology in the third quarter worth $2,557,000. Finally, Vision Financial Markets LLC boosted its holdings in shares of Seagate Technology by 341.7% during the 3rd quarter. Vision Financial Markets LLC now owns 5,300 shares of the data storage provider's stock worth $1,251,000 after buying an additional 4,100 shares during the period. 92.87% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CEO William D. Mosley sold 20,000 shares of Seagate Technology stock in a transaction that occurred on Friday, January 2nd. The stock was sold at an average price of $285.56, for a total transaction of $5,711,200.00. Following the sale, the chief executive officer owned 429,895 shares of the company's stock, valued at approximately $122,760,816.20. This trade represents a 4.45% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Ban Seng Teh sold 20,195 shares of the business'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 value of $8,932,046.55. Following the sale, the executive vice president owned 3,092 shares in the company, valued at approximately $1,367,560.68. This represents a 86.72% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 89,051 shares of company stock valued at $34,430,409. Corporate insiders own 0.79% of the company's stock.

Seagate Technology Price Performance

Shares of Seagate Technology stock opened at $383.71 on Friday. The company has a debt-to-equity ratio of 7.63, a current ratio of 1.12 and a quick ratio of 0.72. Seagate Technology Holdings PLC has a fifty-two week low of $63.19 and a fifty-two week high of $459.84. The firm has a fifty day moving average price of $378.24 and a two-hundred day moving average price of $290.46. The company has a market cap of $83.68 billion, a PE ratio of 43.41, a price-to-earnings-growth ratio of 0.83 and a beta of 1.61.

Seagate Technology (NASDAQ:STX - Get Free Report) last posted its quarterly earnings data on Tuesday, January 27th. The data storage provider reported $3.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.77 by $0.34. The company had revenue of $2.83 billion for the quarter, compared to the consensus estimate of $2.73 billion. Seagate Technology had a net margin of 19.59% and a negative return on equity of 936.38%. The business's revenue was up 21.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.03 EPS. Seagate Technology has set its Q3 2026 guidance at 3.200-3.600 EPS. Analysts expect that Seagate Technology Holdings PLC will post 6.83 EPS for the current year.

Seagate Technology Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 8th. Investors of record on Wednesday, March 25th will be paid a dividend of $0.74 per share. This represents a $2.96 annualized dividend and a yield of 0.8%. The ex-dividend date is Wednesday, March 25th. Seagate Technology's payout ratio is currently 33.48%.

Analysts Set New Price Targets

Several research analysts recently commented on STX shares. Wells Fargo & Company lifted their target price on shares of Seagate Technology from $360.00 to $450.00 and gave the stock an "equal weight" rating in a report on Wednesday, January 28th. Cantor Fitzgerald upped their price target on shares of Seagate Technology from $500.00 to $650.00 and gave the company an "overweight" rating in a report on Wednesday, February 4th. Morgan Stanley raised their price target on Seagate Technology from $337.00 to $372.00 and gave the company an "overweight" rating in a research report on Thursday, January 22nd. Benchmark lifted their price objective on Seagate Technology from $255.00 to $325.00 and gave the stock a "buy" rating in a research note on Tuesday, December 16th. Finally, China Renaissance boosted their price objective on Seagate Technology from $325.00 to $452.00 and gave the stock a "buy" rating in a research report on Thursday, January 15th. One research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, Seagate Technology has a consensus rating of "Moderate Buy" and a consensus target price of $447.35.

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.

Want to see what other hedge funds are holding STX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Seagate Technology Holdings PLC (NASDAQ:STX - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.