Ratan Capital Management LP Acquires Shares of 3,750 Seagate Technology Holdings PLC $STX

Key Points

• Ratan Capital Management acquired 3,750 Seagate shares worth approximately $3.62 million, making STX its 20th-largest holding. Institutional investors collectively own 92.87% of the company.
• Seagate reported quarterly EPS of $5.71, beating estimates of $5.10, while revenue rose 48.5% year over year to $3.63 billion. Analysts maintain a “Moderate Buy” consensus with an average price target of $986.
• Company insiders sold 193,765 shares worth about $166.6 million over the past three months under pre-arranged trading plans, while Seagate declared a quarterly dividend of $0.74 per share, yielding approximately 0.4%.

Ratan Capital Management LP acquired a new stake in Seagate Technology Holdings PLC (NASDAQ:STX - Free Report) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor acquired 3,750 shares of the data storage provider's stock, valued at approximately $3,619,000. Seagate Technology accounts for approximately 1.2% of Ratan Capital Management LP's investment portfolio, making the stock its 20th largest holding.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Integrated Wealth Concepts LLC raised its stake in Seagate Technology by 168.0% during the first quarter. Integrated Wealth Concepts LLC now owns 7,177 shares of the data storage provider's stock worth $610,000 after acquiring an additional 4,499 shares in the last quarter. Sivia Capital Partners LLC acquired a new stake in shares of Seagate Technology in the 2nd quarter valued at $262,000. Cerity Partners LLC grew its holdings in shares of Seagate Technology by 25.8% in the 2nd quarter. Cerity Partners LLC now owns 36,682 shares of the data storage provider's stock worth $5,294,000 after purchasing an additional 7,517 shares during the last quarter. Sei Investments Co. grew its holdings in shares of Seagate Technology by 64.8% in the 2nd quarter. Sei Investments Co. now owns 8,543 shares of the data storage provider's stock worth $1,233,000 after purchasing an additional 3,358 shares during the last quarter. Finally, The Manufacturers Life Insurance Company increased its position in shares of Seagate Technology by 0.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 127,887 shares of the data storage provider's stock worth $18,458,000 after purchasing an additional 462 shares in the last quarter. Institutional investors own 92.87% of the company's stock.

Insider Buying and Selling at Seagate Technology

In related news, CEO William D. Mosley sold 20,657 shares of the business's stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $910.48, for a total transaction of $18,807,785.36. Following the completion of the sale, the chief executive officer directly owned 320,860 shares of the company's stock, valued at $292,136,612.80. The trade was a 6.05% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Gianluca Romano sold 14,091 shares of the stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $811.25, for a total transaction of $11,431,323.75. Following the completion of the transaction, the chief financial officer owned 21,543 shares in the company, valued at $17,476,758.75. This represents a 39.54% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 193,765 shares of company stock worth $166,634,842. Company insiders own 0.79% of the company's stock.

Seagate Technology Stock Down 2.1%

Shares of STX opened at $829.76 on Friday. The business's fifty day moving average price is $870.89 and its two-hundred day moving average price is $695.65. The firm has a market capitalization of $188.07 billion, a price-to-earnings ratio of 59.78 and a beta of 2.06. Seagate Technology Holdings PLC has a 52 week low of $163.86 and a 52 week high of $1,145.00. The company has a debt-to-equity ratio of 1.56, a quick ratio of 1.17 and a current ratio of 1.67.

Seagate Technology (NASDAQ:STX - Get Free Report) last released its earnings results on Tuesday, July 28th. The data storage provider reported $5.71 earnings per share for the quarter, topping analysts' consensus estimates of $5.10 by $0.61. Seagate Technology had a return on equity of 369.98% and a net margin of 26.11%.The company had revenue of $3.63 billion during the quarter, compared to the consensus estimate of $3.50 billion. During the same quarter in the previous year, the company posted $2.59 earnings per share. The firm's quarterly revenue was up 48.5% on a year-over-year basis. Seagate Technology has set its Q1 2027 guidance at 7.100-7.500 EPS. On average, analysts predict that Seagate Technology Holdings PLC will post 35.7 earnings per share for the current year.

Seagate Technology Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 7th. Shareholders of record on Thursday, September 24th will be issued a dividend of $0.74 per share. This represents a $2.96 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend is Thursday, September 24th. Seagate Technology's payout ratio is currently 21.33%.

Analyst Ratings Changes

Several analysts have weighed in on the stock. Morgan Stanley upped their price objective on shares of Seagate Technology from $1,035.00 to $1,187.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 29th. Cantor Fitzgerald reiterated an "overweight" rating and issued a $1,300.00 target price on shares of Seagate Technology in a research note on Wednesday, July 29th. Loop Capital boosted their target price on Seagate Technology from $950.00 to $1,140.00 and gave the stock a "buy" rating in a report on Friday, May 15th. Fox Advisors lowered Seagate Technology from an "overweight" rating to an "equal weight" rating in a research report on Monday, June 22nd. Finally, Wedbush raised their price target on Seagate Technology from $825.00 to $1,000.00 and gave the company an "outperform" rating in a report on Wednesday, July 29th. One analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and four have issued a Hold rating to the company's stock. According to MarketBeat.com, Seagate Technology presently has an average rating of "Moderate Buy" and a consensus target price of $986.00.

Key Seagate Technology News

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

• Positive Sentiment: One bullish analysis argues that the pullback creates an attractive entry point, with strong hyperscaler demand, increasing adoption of Seagate’s heat-assisted magnetic recording (HAMR) technology and improving margins supporting continued earnings growth. The article estimates as much as 36% potential upside. Seagate buy-the-dip analysis
• Positive Sentiment: NVIDIA’s strong quarterly results and continuing AI infrastructure spending were cited as potential catalysts for storage companies, including STX. Rising data-center workloads could increase demand for Seagate’s high-capacity hard drives. Zacks storage stocks analysis
• Positive Sentiment: Seagate accepted Change Agents Corporation into its partner program, expanding access to its AI infrastructure ecosystem. The announcement is strategically supportive, although the immediate financial contribution is not disclosed. Seagate Partner Program announcement
• Neutral Sentiment: Management’s upcoming investor appearances, including The Six Five Summit: AI Unleashed 2026, could provide additional details on AI-related products, partnerships and demand, but no new financial guidance was announced. Six Five Summit presentation
• Negative Sentiment: A more cautious Seeking Alpha view says it is not yet time to be aggressive, warning that consolidation may continue after STX’s major run-up. The stock’s elevated valuation and high volatility leave it vulnerable to profit-taking if growth expectations moderate. Seagate consolidation analysis
• Negative Sentiment: Executive James Ci Lee sold 9,013 shares worth approximately $7.16 million, reducing his direct position by more than 96%. The sale occurred under a pre-arranged Rule 10b5-1 plan, which limits its value as a discretionary bearish signal but may still weigh on sentiment. SEC insider sale filing

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.

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.

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