Seagate Technology Holdings PLC $STX Position Increased by Swedbank AB

Key Points

• Swedbank AB boosted its Seagate stake by 828.5%, adding 377,630 shares to hold 423,211 shares worth $116.55M, and institutional ownership is high at about 92.9% with several other funds also increasing positions.
• Seagate topped quarterly estimates with $4.10 EPS (vs. $3.51) and $3.11B revenue (up 44.1% YoY), launched an AI‑focused storage suite, and has drawn bullish analyst upgrades (targets up to $1,000) with a consensus target near $709.
• Notable insider selling — CEO William Mosley sold 24,584 shares (~$10M) and insiders sold 78,333 shares (~$34.4M) in the quarter, posing potential short‑term headline risk.

Swedbank AB boosted its position in shares of Seagate Technology Holdings PLC (NASDAQ:STX - Free Report) by 828.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 423,211 shares of the data storage provider's stock after purchasing an additional 377,630 shares during the period. Swedbank AB owned 0.20% of Seagate Technology worth $116,548,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in shares of Seagate Technology by 10.8% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 477,658 shares of the data storage provider's stock valued at $137,346,000 after buying an additional 46,753 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd grew its stake in shares of Seagate Technology by 9.8% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 51,532 shares of the data storage provider's stock valued at $14,191,000 after buying an additional 4,598 shares in the last quarter. SBI Securities Co. Ltd. increased its holdings in Seagate Technology by 44.5% in the fourth quarter. SBI Securities Co. Ltd. now owns 4,809 shares of the data storage provider's stock worth $1,324,000 after buying an additional 1,481 shares during the last quarter. Principal Financial Group Inc. increased its holdings in Seagate Technology by 5.8% in the fourth quarter. Principal Financial Group Inc. now owns 242,898 shares of the data storage provider's stock worth $66,892,000 after buying an additional 13,304 shares during the last quarter. Finally, Allegheny Financial Group bought a new position in Seagate Technology during the fourth quarter valued at approximately $220,000. 92.87% of the stock is owned by institutional investors and hedge funds.

Key Stories Impacting Seagate Technology

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

• Positive Sentiment: Seagate launched an AI‑focused storage suite (consumer and professional lines, up to 256TB, Thunderbolt 5 support) aimed at creators, gamers and AI workflows — a product update that can support higher ASPs and reinforce Seagate’s AI growth story. Seagate’s New AI Storage Suite Meets Rapidly Rising STX Valuation
• Positive Sentiment: Media and analyst pieces are framing STX as a momentum/AI beneficiary, helping investor sentiment and validating Seagate’s premium re‑rating. Seagate Stock’s Rally Is No Accident: 3 Reasons Wall Street Is Optimistic
• Positive Sentiment: Zacks published a momentum‑oriented bullish piece on STX, which can attract momentum traders and retail flows. Seagate (STX) is a Great Momentum Stock: Should You Buy?
• Positive Sentiment: Broader market risk appetite is improving as the VIX drifts lower, which typically supports tech and cyclical names like Seagate. CBOE VIX Slides Toward 17 as Oil Retreat and Tech Stock Surge Restore Risk Appetite
• Neutral Sentiment: Long‑time Lead Independent Director Mike Cannon announced he will retire at the end of his term in Oct‑2026 — a governance change but expected and orderly given his tenure. Seagate Announces the Retirement of Michael R. Cannon, Lead Independent Director
• Neutral Sentiment: A broader fintech/AI narrative piece referenced top AI performers; its inclusion underscores investor focus on AI exposure but impact on STX is indirect. The Best‑Performing AI Stock Nobody Is Talking About Has Outrun Nvidia by a Mile
• Negative Sentiment: EVP James Ci Lee sold 697 shares at an average $741.17 under a pre‑arranged Rule 10b5‑1 plan (filed with the SEC); while routine, insider selling can be viewed negatively by some investors. SEC Filing - James Ci Lee Form 4
• Negative Sentiment: EVP John Christopher Morris sold 5,626 shares at ~$738.37 under a Rule 10b5‑1 plan (SEC filing); a sizeable cash‑out that may catch investor attention. SEC Filing - John Christopher Morris Form 4
• Negative Sentiment: Director Stephanie Tilenius sold 1,580 shares at ~$766.61; while disclosed, multiple recent insider sales collectively add short‑term headline risk. SEC Filing - Stephanie Tilenius Form 4

Insider Activity at Seagate Technology

In other news, CEO William D. Mosley sold 24,584 shares of the firm'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 sale, the chief executive officer owned 375,591 shares in the company, valued at approximately $152,779,151.07. This trade represents a 6.14% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Stephanie Tilenius sold 1,580 shares of the business's stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $766.61, for a total transaction of $1,211,243.80. Following the transaction, the director directly owned 10,664 shares in the company, valued at $8,175,129.04. This trade represents a 12.90% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 78,333 shares of company stock valued at $34,426,485. 0.79% of the stock is owned by corporate insiders.

Seagate Technology Stock Up 2.0%

STX stock opened at $786.42 on Thursday. The company has a debt-to-equity ratio of 3.16, a current ratio of 1.33 and a quick ratio of 0.85. Seagate Technology Holdings PLC has a 52-week low of $93.32 and a 52-week high of $792.01. The company has a 50-day moving average of $469.01 and a two-hundred day moving average of $365.87. The stock has a market capitalization of $176.34 billion, a price-to-earnings ratio of 74.61 and a beta of 1.98.

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

Seagate Technology Dividend Announcement

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

Analyst Ratings Changes

A number of analysts have issued reports on STX shares. China Renaissance lifted their target price on shares of Seagate Technology from $325.00 to $452.00 and gave the company a "buy" rating in a research note on Thursday, January 15th. Zacks Research upgraded shares of Seagate Technology from a "hold" rating to a "strong-buy" rating in a report on Friday, May 1st. Sanford C. Bernstein lifted their price objective on shares of Seagate Technology from $620.00 to $1,000.00 and gave the company an "outperform" rating in a research note on Wednesday, April 29th. Cantor Fitzgerald upped their price objective on shares of Seagate Technology from $700.00 to $1,000.00 and gave the stock an "overweight" rating in a report on Wednesday, April 29th. Finally, The Goldman Sachs Group increased their target price on shares of Seagate Technology from $385.00 to $700.00 and gave the stock a "buy" rating in a research report on Wednesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and four 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 a consensus target price of $709.13.

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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