Seagate Technology Holdings PLC $STX Position Increased by Aquatic Capital Management LLC

Key Points

• Aquatic Capital Management boosted its Seagate stake by 247.2% in Q3, buying 130,606 shares to hold 183,447 shares worth about $43.3 million, making Seagate its 15th largest position (≈0.8% of the portfolio).
• Seagate beat expectations with Q earnings of $3.11 EPS vs. $2.77 est and revenue of $2.83B (+21.5% YoY), provided Q3 2026 EPS guidance of $3.20–3.60, saw multiple analyst target upgrades (average target ≈ $447), and announced a $0.74 quarterly dividend.

Aquatic Capital Management LLC grew its position in Seagate Technology Holdings PLC (NASDAQ:STX - Free Report) by 247.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 183,447 shares of the data storage provider's stock after buying an additional 130,606 shares during the quarter. Seagate Technology makes up approximately 0.8% of Aquatic Capital Management LLC's portfolio, making the stock its 15th largest position. Aquatic Capital Management LLC owned approximately 0.09% of Seagate Technology worth $43,304,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in STX. National Pension Service increased its holdings in shares of Seagate Technology by 28.0% in the 3rd 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 period. Tokio Marine Asset Management Co. Ltd. acquired a new stake in shares of Seagate Technology during the third quarter worth approximately $1,864,000. Keystone Investors PTE Ltd. boosted its holdings in shares of Seagate Technology by 55.7% during the third 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 acquired a new position in Seagate Technology in the 3rd quarter valued at approximately $2,557,000. Finally, Vision Financial Markets LLC increased its stake 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 valued at $1,251,000 after buying an additional 4,100 shares during the period. Institutional investors and hedge funds own 92.87% of the company's stock.

Seagate Technology Stock Up 2.6%

Shares of Seagate Technology stock opened at $383.71 on Friday. The stock has a market capitalization of $83.68 billion, a P/E ratio of 43.41, a PEG ratio of 0.85 and a beta of 1.61. The company has a quick ratio of 0.72, a current ratio of 1.12 and a debt-to-equity ratio of 7.63. The stock has a 50 day moving average price of $378.24 and a two-hundred day moving average price of $291.33. Seagate Technology Holdings PLC has a 12-month low of $63.19 and a 12-month high of $459.84.

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

Seagate Technology Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 8th. Investors of record on Wednesday, March 25th will be paid a dividend of $0.74 per share. This represents a $2.96 annualized dividend and a yield of 0.8%. The ex-dividend date is Wednesday, March 25th. Seagate Technology's dividend payout ratio is presently 33.48%.

Insider Transactions at Seagate Technology

In related news, EVP Ban Seng Teh sold 20,195 shares of the stock in a transaction dated Thursday, January 29th. The shares were sold at an average price of $442.29, for a total value of $8,932,046.55. Following the completion of the sale, the executive vice president owned 3,092 shares in the company, valued at approximately $1,367,560.68. This trade represents a 86.72% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Kian Fatt Chong sold 5,846 shares of the business's stock in a transaction dated Monday, February 23rd. The shares were sold at an average price of $416.48, for a total value of $2,434,742.08. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 89,051 shares of company stock worth $34,430,409. 0.79% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities analysts have recently commented on STX shares. Bank of America boosted their price target on shares of Seagate Technology from $320.00 to $400.00 and gave the company a "buy" rating in a report on Tuesday, January 20th. Evercore lifted their price objective on Seagate Technology from $330.00 to $450.00 and gave the company an "outperform" rating in a research report on Wednesday, January 28th. Susquehanna upgraded Seagate Technology from a "negative" rating to a "neutral" rating and boosted their target price for the company from $150.00 to $280.00 in a research note on Friday, January 16th. Barclays upped their target price on Seagate Technology from $370.00 to $425.00 and gave the stock an "equal weight" rating in a research report on Wednesday, January 28th. Finally, Loop Capital raised 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. One research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and five have issued a Hold rating to the company's stock. According to MarketBeat, Seagate Technology currently has an average rating of "Moderate Buy" and an average price target of $447.35.

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.

Want to see what other hedge funds are holding STX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Seagate Technology Holdings PLC (NASDAQ:STX - Free Report).

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.