Parthenon LLC Takes Position in Seagate Technology Holdings PLC $STX

Key Points

• Parthenon LLC bought a new position of 2,000 Seagate shares worth about $551,000, joining other institutions that now own roughly 92.87% of the stock.
• Wall Street sentiment has turned bullish with multiple price-target raises (e.g., Loop Capital to $700, Evercore to $550) and a consensus rating of Moderate Buy with a $486.21 average target.
• Seagate beat quarterly expectations (EPS $3.11 vs. $2.77) and revenue rose 21.5% YoY, and the company set Q3 2026 guidance of 3.20–3.60 EPS, underpinning the analyst optimism.

Parthenon LLC bought a new position in Seagate Technology Holdings PLC (NASDAQ:STX - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 2,000 shares of the data storage provider's stock, valued at approximately $551,000.

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

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Evercore raised their price target on shares of Seagate Technology from $450.00 to $550.00 and gave the stock an "outperform" rating in a research report on Wednesday. Loop Capital raised their price target on shares of Seagate Technology from $465.00 to $700.00 and gave the stock a "buy" rating in a research report on Monday, February 9th. TD Cowen raised their price target on shares of Seagate Technology from $340.00 to $500.00 and gave the stock a "buy" rating in a research report on Wednesday, January 28th. UBS Group raised their price target on shares of Seagate Technology from $385.00 to $440.00 and gave the stock a "neutral" rating in a research report on Monday, February 9th. Finally, Robert W. Baird raised their price target on shares of Seagate Technology from $270.00 to $505.00 and gave the stock an "outperform" rating in a research report on Thursday, January 29th. Nineteen investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, Seagate Technology presently has a consensus rating of "Moderate Buy" and a consensus price target of $486.21.

Insider Buying and Selling at Seagate Technology

In other news, EVP Kian Fatt Chong sold 5,846 shares of Seagate Technology stock in a transaction dated Monday, February 23rd. The shares were sold at an average price of $416.48, for a total transaction of $2,434,742.08. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Jay L. Geldmacher sold 925 shares of Seagate Technology stock in a transaction dated Friday, January 30th. The shares were sold at an average price of $448.02, for a total transaction of $414,418.50. Following the sale, the director owned 223 shares in the company, valued at approximately $99,908.46. This trade represents a 80.57% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 113,635 shares of company stock worth $47,133,843 in the last 90 days. 0.79% of the stock is currently owned by insiders.

Seagate Technology Price Performance

Shares of Seagate Technology stock opened at $503.13 on Friday. The company has a debt-to-equity ratio of 7.63, a quick ratio of 0.72 and a current ratio of 1.12. The firm's 50-day simple moving average is $412.23 and its 200-day simple moving average is $323.12. Seagate Technology Holdings PLC has a twelve month low of $67.63 and a twelve month high of $517.18. The firm has a market cap of $109.72 billion, a P/E ratio of 56.92, a price-to-earnings-growth ratio of 1.09 and a beta of 1.61.

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

Seagate Technology Dividend Announcement

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

Seagate Technology News Summary

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

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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