PFA Pension Forsikringsaktieselskab Acquires New Shares in Seagate Technology Holdings PLC $STX

PFA Pension Forsikringsaktieselskab acquired a new stake in Seagate Technology Holdings PLC (NASDAQ:STX - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 85,267 shares of the data storage provider's stock, valued at approximately $23,882,000.

Other large investors have also bought and sold shares of the company. National Pension Service raised its position in Seagate Technology by 28.0% in the third quarter. National Pension Service now owns 250,121 shares of the data storage provider's stock valued at $59,044,000 after purchasing an additional 54,722 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. bought a new position in Seagate Technology in the third quarter valued at about $1,864,000. Sumitomo Mitsui Trust Group Inc. raised its position in Seagate Technology by 1.2% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 518,806 shares of the data storage provider's stock valued at $142,874,000 after purchasing an additional 6,028 shares during the last quarter. New York State Teachers Retirement System raised its position in Seagate Technology by 5.0% in the fourth quarter. New York State Teachers Retirement System now owns 187,044 shares of the data storage provider's stock valued at $51,510,000 after purchasing an additional 8,991 shares during the last quarter. Finally, Keystone Investors PTE Ltd. raised its position in 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 valued at $11,879,000 after purchasing an additional 18,000 shares during the last quarter. 92.87% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

STX has been the subject of several research reports. Susquehanna increased their target price on Seagate Technology from $485.00 to $615.00 and gave the company a "neutral" rating in a research report on Wednesday, April 29th. Barclays increased their target price on Seagate Technology from $625.00 to $750.00 and gave the company an "overweight" rating in a research report on Wednesday, April 29th. China Renaissance raised 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. JPMorgan Chase & Co. raised their price objective on Seagate Technology from $525.00 to $775.00 and gave the stock an "overweight" rating in a research report on Wednesday, April 29th. Finally, Cantor Fitzgerald raised their price objective on Seagate Technology from $700.00 to $1,000.00 and gave the stock an "overweight" rating in a research report on Wednesday, April 29th. Twenty investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $709.13.

Seagate Technology News Roundup

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

• Positive Sentiment: Q3 earnings beat and AI-driven guidance—Seagate reported a big EPS/revenue beat and raised forward outlook, which investors interpret as confirmation that AI data-center spending is lifting demand for high-performance HDD and enterprise storage. Seagate stock surges after Q3 earnings — why the rally may continue
• Positive Sentiment: Large price-target upgrades—Sanford C. Bernstein lifted its PT to $1,000 (outperform) and Argus bumped its PT to $750 (buy), signaling strong sell‑side conviction that STX will benefit from the AI capex cycle. Bernstein adjusts Seagate price target to $1,000 Argus raises Seagate PT to $750
• Positive Sentiment: Industry confirmation of AI storage demand—Peers (Sandisk, Western Digital) and multiple analyst notes say Big Tech will spend heavily on AI infrastructure through 2026, boosting demand for storage components. That macro tailwind is central to the bullish thesis for STX. Sandisk joins Western Digital, Seagate in signaling strong AI storage demand
• Positive Sentiment: High-profile endorsements and coverage—Jim Cramer and multiple analyst blogs are spotlighting Seagate as a direct beneficiary of constrained supply vs. booming demand for AI storage, attracting retail and institutional attention. Jim Cramer Says “Seagate’s Been a Horse for Ages Now”
• Neutral Sentiment: Company product/service news—Seagate refreshed storage product lines aimed at high-resolution media and AI workflows, reinforcing the growth story but not an immediate earnings surprise. Seagate launches refreshed storage lineup
• Neutral Sentiment: Sector volatility—After Seagate-led rallies, peers have shown volatile post-earnings trading (e.g., Sandisk/WDC slipped despite strong forecasts), highlighting event-driven swings even as structural demand remains. Red-Hot AI Stock Western Digital Slides Late Despite Earnings Beat
• Neutral Sentiment: Media/attention items—Stories on “AI tokens” and pieces asking whether it’s too late to buy reflect heightened retail interest and sentiment momentum, which can amplify moves but add noise. Seagate stock has everyone talking about AI tokens Is It Too Late To Consider Seagate After Its Recent AI Storage-Fueled Surge?
• Negative Sentiment: Valuation and cycle risk—Analyst commentaries warn Seagate may be trading at peak earnings multiples tied to a hyperscaler capex cycle that could slow after FY26/FY27; that raises downside risk if AI capex moderates. Seagate: The Biggest Risk Is Buying At The Top Of The Industry Capex Cycle

Seagate Technology Price Performance

Shares of STX opened at $726.93 on Monday. Seagate Technology Holdings PLC has a 1 year low of $91.29 and a 1 year high of $728.00. The company has a debt-to-equity ratio of 3.16, a current ratio of 1.33 and a quick ratio of 0.85. The company has a market capitalization of $163.00 billion, a price-to-earnings ratio of 68.97 and a beta of 1.98. The business has a 50-day moving average of $454.23 and a 200-day moving average of $358.04.

Seagate Technology (NASDAQ:STX - Get Free Report) last issued its earnings results on Tuesday, April 28th. The data storage provider reported $4.10 earnings per share for the quarter, topping analysts' consensus estimates of $3.51 by $0.59. The business had revenue of $3.11 billion during the quarter, compared to the consensus estimate of $2.96 billion. Seagate Technology had a return on equity of 1,005.65% and a net margin of 21.60%.The firm's revenue for the quarter was up 44.1% on a year-over-year basis. During the same period in the previous year, the company posted $1.90 earnings per share. 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 year.

Seagate Technology Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 7th. Shareholders of record on Wednesday, June 24th will be issued a $0.74 dividend. This represents a $2.96 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date is Wednesday, June 24th. Seagate Technology's payout ratio is presently 28.08%.

Insider Buying and Selling

In other Seagate Technology news, EVP Kian Fatt Chong sold 5,846 shares of Seagate Technology stock in a transaction that occurred on Monday, February 23rd. The stock was sold at an average price of $416.48, for a total value of $2,434,742.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO William D. Mosley sold 20,000 shares of Seagate Technology stock in a transaction that occurred on Wednesday, April 1st. The stock was sold at an average price of $420.73, for a total value of $8,414,600.00. Following the completion of the sale, the chief executive officer owned 355,591 shares of the company's stock, valued at approximately $149,607,801.43. The trade was a 5.32% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 70,430 shares of company stock valued at $28,544,576. 0.79% of the stock is currently owned by corporate insiders.

About Seagate Technology

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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