SBI Securities Co. Ltd. Boosts Stake in Seagate Technology Holdings PLC $STX

Key Points

• SBI Securities increased its stake in Seagate by 44.5% in Q4 to 4,809 shares worth about $1.324 million, with institutional investors owning roughly 92.9% of the stock.
• Seagate posted strong Q3 results—EPS $4.10 vs. $3.51 expected and revenue $3.11B (+44.1% YoY)—set Q4 2026 EPS guidance of 4.800–5.200, and announced a quarterly dividend of $0.74 ($2.96 annualized).
• Major analysts have sharply raised targets and ratings (average price target ≈$709.13; notable raises include Cantor Fitzgerald to $1,000 and JPMorgan to $775), although recent insider sales have introduced short‑term headline risk.

SBI Securities Co. Ltd. boosted its position in shares of Seagate Technology Holdings PLC (NASDAQ:STX - Free Report) by 44.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,809 shares of the data storage provider's stock after buying an additional 1,481 shares during the period. SBI Securities Co. Ltd.'s holdings in Seagate Technology were worth $1,324,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. Sovereign Financial Group Inc. raised its holdings in shares of Seagate Technology by 3.2% during the 4th quarter. Sovereign Financial Group Inc. now owns 1,063 shares of the data storage provider's stock worth $293,000 after acquiring an additional 33 shares in the last quarter. Pallas Capital Advisors LLC grew its holdings in shares of Seagate Technology by 0.6% in the fourth quarter. Pallas Capital Advisors LLC now owns 5,446 shares of the data storage provider's stock valued at $1,500,000 after purchasing an additional 33 shares in the last quarter. Mutual Advisors LLC increased its position in Seagate Technology by 3.1% in the fourth quarter. Mutual Advisors LLC now owns 1,213 shares of the data storage provider's stock worth $334,000 after purchasing an additional 36 shares during the last quarter. West Family Investments Inc. increased its position in Seagate Technology by 2.7% in the third quarter. West Family Investments Inc. now owns 1,428 shares of the data storage provider's stock worth $337,000 after purchasing an additional 37 shares during the last quarter. Finally, Capital Investment Advisors LLC raised its stake in Seagate Technology by 1.9% during the fourth quarter. Capital Investment Advisors LLC now owns 1,950 shares of the data storage provider's stock valued at $537,000 after purchasing an additional 37 shares in the last quarter. Institutional investors own 92.87% of the company's stock.

Wall Street Analysts Forecast Growth

STX has been the subject of several research reports. Citigroup increased their price objective on shares of Seagate Technology from $595.00 to $740.00 and gave the company a "buy" rating in a research report on Wednesday, April 29th. China Renaissance upped their target price on shares of Seagate Technology from $325.00 to $452.00 and gave the company a "buy" rating in a research report on Thursday, January 15th. Robert W. Baird increased their price target on shares of Seagate Technology from $270.00 to $505.00 and gave the company an "outperform" rating in a report on Thursday, January 29th. Cantor Fitzgerald lifted their price target 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. Finally, JPMorgan Chase & Co. boosted their price objective on Seagate Technology from $525.00 to $775.00 and gave the stock an "overweight" rating in a research note on Wednesday, April 29th. One research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and four have given a Hold rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $709.13.

Insider Buying and Selling at Seagate Technology

In related news, EVP John Christopher Morris sold 5,626 shares of the firm's stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $738.37, for a total transaction of $4,154,069.62. Following the completion of the sale, the executive vice president directly owned 11,954 shares of the company's stock, valued at approximately $8,826,474.98. This trade represents a 32.00% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO William D. Mosley sold 24,584 shares of the business's stock in a transaction on Thursday, March 19th. The shares were sold at an average price of $406.77, for a total value of $10,000,033.68. Following the transaction, the chief executive officer owned 375,591 shares of the company's stock, 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. Over the last ninety days, insiders have sold 78,333 shares of company stock valued at $34,426,485. 0.79% of the stock is owned by company insiders.

Seagate Technology Stock Down 2.5%

NASDAQ STX opened at $766.44 on Friday. The company has a quick ratio of 0.85, a current ratio of 1.33 and a debt-to-equity ratio of 3.16. Seagate Technology Holdings PLC has a 52 week low of $94.97 and a 52 week high of $792.01. The firm has a market capitalization of $171.86 billion, a price-to-earnings ratio of 72.72 and a beta of 1.98. The company has a fifty day moving average of $476.41 and a two-hundred day moving average of $369.68.

Seagate Technology (NASDAQ:STX - Get Free Report) last released its earnings results on Tuesday, April 28th. The data storage provider reported $4.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.51 by $0.59. Seagate Technology had a net margin of 21.60% and a return on equity of 1,005.65%. The firm had revenue of $3.11 billion during the quarter, compared to analyst estimates of $2.96 billion. During the same quarter last year, the business earned $1.90 EPS. The business's revenue was up 44.1% on a year-over-year basis. Seagate Technology has set its Q4 2026 guidance at 4.800-5.200 EPS. On average, analysts predict that Seagate Technology Holdings PLC will post 14.1 earnings per share for the current year.

Seagate Technology Announces Dividend

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

Key Stories Impacting Seagate Technology

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

• Positive Sentiment: Q3 results materially beat expectations (≈$3.11B revenue, $4.10 EPS), management reiterated capital returns (dividend + buybacks) and set above‑street guidance, supporting the long‑term bull case. Seagate (STX) Is Up 22.2% After Strong Q3 Results And AI Storage Push Has The Bull Case Changed?
• Positive Sentiment: Seagate launched an AI‑focused storage suite (consumer & professional SKUs, Thunderbolt 5, up to 256TB), reinforcing its positioning for AI/data‑center content workflows and potential higher ASPs. Seagate’s New AI Storage Suite Meets Rapidly Rising STX Valuation
• Positive Sentiment: Major sell‑side houses raised targets and ratings (Morgan Stanley bumped its PT to $767 and flagged STX as a top pick), adding momentum and justifying a premium rerating. Morgan Stanley Calls Seagate Technology Holdings (STX) a “Top Pick”
• Positive Sentiment: Other analyst upgrades (Zacks, Goldman etc.) and institutional buying have supported investor conviction that Seagate will capture AI/data center demand. Seagate coverage and analyst notes
• Neutral Sentiment: Lead Independent Director Mike Cannon announced retirement effective Oct‑2026 — orderly governance change but not an immediate operational catalyst. Seagate Announces the Retirement of Michael R. Cannon, Lead Independent Director
• Neutral Sentiment: Seagate declared its quarterly dividend (annualized $2.96; modest yield) — supportive for income investors but limited as a catalyst given valuation move. Dividend and company profile
• Neutral Sentiment: Broader market risk appetite has improved (VIX lower), which helped the prior tech run but also encourages rotation and profit‑taking dynamics. CBOE VIX Slides Toward 17 as Oil Retreat and Tech Stock Surge Restore Risk Appetite
• Negative Sentiment: Multiple recent insider sales (EVP James Ci Lee sold 697 shares under a 10b5‑1 plan) have created headline risk and may amplify short‑term profit‑taking. Form 4 — James Ci Lee sale
• Negative Sentiment: EVP John Christopher Morris sold 5,626 shares (pre‑arranged 10b5‑1) — a larger disposition that attracts investor attention despite being planned. Form 4 — John Christopher Morris sale
• Negative Sentiment: Director Stephanie Tilenius sold 1,580 shares — multiple sales together increase short‑term headline risk even if compliant. Form 4 — Stephanie Tilenius sale

Seagate Technology 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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