Patton Fund Management Inc. Boosts Stake in Seagate Technology Holdings PLC $STX

Key Points

• Patton Fund Management boosted its Seagate stake by 56.3% in Q4 to 27,445 shares (about $7.56M), and institutional investors now own roughly 92.87% of the company's stock.
• Analysts have become noticeably bullish: Seagate has a consensus rating of "Moderate Buy" with an average price target of $491 and multiple recent target increases (examples: Loop Capital $700, JPMorgan $525, Citi $595).
• Seagate beat Q results (EPS $3.11 vs. $2.77 expected) with revenue up 21.5% YoY; the stock trades near its 52‑week high (~$513), has a ~$112B market cap, and pays a $0.74 quarterly dividend (≈0.6% yield).

Patton Fund Management Inc. boosted its stake in Seagate Technology Holdings PLC (NASDAQ:STX - Free Report) by 56.3% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 27,445 shares of the data storage provider's stock after buying an additional 9,881 shares during the quarter. Seagate Technology makes up about 1.0% of Patton Fund Management Inc.'s holdings, making the stock its 28th biggest position. Patton Fund Management Inc.'s holdings in Seagate Technology were worth $7,558,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. National Pension Service lifted its stake in shares of Seagate Technology by 28.0% during the 3rd 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. purchased a new position in shares of Seagate Technology during the 3rd quarter worth $1,864,000. Keystone Investors PTE Ltd. lifted its stake in shares of Seagate Technology by 55.7% during the 3rd quarter. Keystone Investors PTE Ltd. now owns 50,321 shares of the data storage provider's stock worth $11,879,000 after purchasing an additional 18,000 shares during the period. Estate Counselors LLC purchased a new position in shares of Seagate Technology during the 3rd quarter worth $2,557,000. Finally, Vision Financial Markets LLC lifted its stake 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 purchasing an additional 4,100 shares during the period. Hedge funds and other institutional investors own 92.87% of the company's stock.

Analyst Upgrades and Downgrades

STX has been the topic of a number of recent analyst reports. Wells Fargo & Company increased their price target on Seagate Technology from $360.00 to $450.00 and gave the stock an "equal weight" rating in a research note on Wednesday, January 28th. Loop Capital increased their price target on Seagate Technology from $465.00 to $700.00 and gave the stock a "buy" rating in a research note on Monday, February 9th. UBS Group raised their target price on Seagate Technology from $385.00 to $440.00 and gave the company a "neutral" rating in a research note on Monday, February 9th. KeyCorp set a $500.00 target price on shares of Seagate Technology in a report on Wednesday, January 28th. Finally, JPMorgan Chase & Co. began coverage on shares of Seagate Technology in a report on Monday, March 30th. They issued an "overweight" rating and a $525.00 target price on the stock. Nineteen investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, Seagate Technology presently has an average rating of "Moderate Buy" and a consensus price target of $491.00.

Insider Activity

In other news, EVP James Ci Lee sold 673 shares of the business's stock in a transaction dated Monday, January 26th. The shares were sold at an average price of $348.85, for a total transaction of $234,776.05. Following the transaction, the executive vice president owned 257 shares in the company, valued at approximately $89,654.45. The trade was a 72.37% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO William D. Mosley sold 24,584 shares of the company's stock in a transaction dated Thursday, March 19th. The shares were sold at an average price of $406.77, for a total transaction of $10,000,033.68. Following the completion of the sale, the chief executive officer directly owned 375,591 shares in the company, valued at approximately $152,779,151.07. The trade was a 6.14% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 112,223 shares of company stock worth $46,711,217. 0.79% of the stock is owned by corporate insiders.

Seagate Technology Stock Performance

STX opened at $513.28 on Tuesday. The business's 50 day moving average is $413.84 and its 200-day moving average is $326.56. The stock has a market cap of $111.93 billion, a PE ratio of 58.06, a price-to-earnings-growth ratio of 1.09 and a beta of 1.61. The company has a current ratio of 1.12, a quick ratio of 0.72 and a debt-to-equity ratio of 7.63. Seagate Technology Holdings PLC has a twelve month low of $71.29 and a twelve month high of $517.18.

Seagate Technology (NASDAQ:STX - Get Free Report) last released its quarterly earnings results on Tuesday, January 27th. The data storage provider reported $3.11 earnings per share for the quarter, beating analysts' consensus estimates of $2.77 by $0.34. The company had revenue of $2.83 billion for the quarter, compared to analysts' expectations of $2.73 billion. Seagate Technology had a negative return on equity of 936.38% and a net margin of 19.59%.The business's revenue for the quarter was up 21.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.03 earnings per share. Seagate Technology has set its Q3 2026 guidance at 3.200-3.600 EPS. On average, analysts predict that Seagate Technology Holdings PLC will post 6.83 earnings per share for the current 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. The ex-dividend date was Wednesday, March 25th. This represents a $2.96 annualized dividend and a yield of 0.6%. 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: Citi raised Seagate’s price target to $595 and kept a Buy rating, citing AI-driven data demand that supports higher storage pricing and margin upside; that upgrade helped lift the stock earlier in the session. Citi Raises Targets
• Positive Sentiment: Other outlets reported fresh price-target bumps (AmericanBankingNews noted raises to $565 and $485), reinforcing analyst optimism and adding momentum to the rally. Price Target $565 Price Target $485
• Positive Sentiment: Seagate sold its Lyve Cloud business to Wasabi and will take a stake in Wasabi, a move investors view as a strategic refocus onto core HDD capacity platforms (HAMR/Mozaic) where the company sees the biggest margins and scale benefits. Seagate Sells Lyve Cloud
• Positive Sentiment: Industry tailwinds: a new DRAM-focused ETF story highlights surging memory and storage demand from AI infrastructure; that narrative supports higher pricing and capex for data centers, which benefits Seagate as a mass-storage supplier. DRAM ETF Article
• Neutral Sentiment: Preview pieces outline what to watch in Seagate’s next earnings (revenue mix, HDD pricing, margin leverage and buyback/capex plans); these are informational but could swing sentiment at the report. Earnings Preview
• Neutral Sentiment: General market roundups list Seagate as a large-cap to consider; useful background but not immediately price-moving. Large-Cap Stocks Article
• Negative Sentiment: Comparative analyses suggest Western Digital has outpaced Seagate on recent gains, valuation and capital returns in the AI-storage cycle, raising competitive and market-share questions that could cap further upside for STX if sustained. Seagate vs Western Digital (Yahoo) Seagate vs Western Digital (Zacks)

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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