Seagate Technology Holdings PLC $STX Shares Bought by Caprock Group LLC

Key Points

• Caprock Group LLC increased its stake in Seagate by 25.3%, buying an additional 3,680 shares to hold 18,248 shares worth about $5.04 million.
• Seagate beat quarterly expectations with $3.11 EPS vs. $2.77 expected and $2.83B in revenue (up 21.5% YoY), prompting multiple analyst price-target raises and a consensus target around $514.
• Despite momentum, the stock trades near its highs with a high valuation (P/E 66.47) and substantial leverage (debt-to-equity ~7.63), which the article flags as a downside risk if AI-driven demand cools.

Caprock Group LLC raised its holdings in Seagate Technology Holdings PLC (NASDAQ:STX - Free Report) by 25.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 18,248 shares of the data storage provider's stock after acquiring an additional 3,680 shares during the quarter. Caprock Group LLC's holdings in Seagate Technology were worth $5,043,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. raised its stake in shares of Seagate Technology by 1.6% during the 3rd quarter. Vanguard Group Inc. now owns 28,140,287 shares of the data storage provider's stock worth $6,642,796,000 after buying an additional 442,749 shares during the last quarter. State Street Corp raised its stake in shares of Seagate Technology by 3.1% during the 3rd quarter. State Street Corp now owns 9,276,278 shares of the data storage provider's stock worth $2,196,420,000 after buying an additional 274,913 shares during the last quarter. WCM Investment Management LLC acquired a new position in shares of Seagate Technology during the 3rd quarter worth $1,187,621,000. Arrowstreet Capital Limited Partnership raised its stake in shares of Seagate Technology by 1,072.5% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 2,949,512 shares of the data storage provider's stock worth $696,262,000 after buying an additional 2,697,957 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA raised its stake in shares of Seagate Technology by 1,510.1% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 2,008,516 shares of the data storage provider's stock worth $553,125,000 after buying an additional 1,883,769 shares during the last quarter. Institutional investors and hedge funds own 92.87% of the company's stock.

Seagate Technology Trading Up 1.3%

Seagate Technology stock opened at $587.62 on Friday. The stock has a market cap of $128.14 billion, a PE ratio of 66.47, a P/E/G ratio of 0.96 and a beta of 1.61. The stock has a 50-day moving average price of $434.69 and a 200 day moving average price of $342.52. Seagate Technology Holdings PLC has a 52 week low of $79.14 and a 52 week high of $607.89. The company has a current ratio of 1.12, a quick ratio of 0.72 and a debt-to-equity ratio of 7.63.

Seagate Technology (NASDAQ:STX - Get Free Report) last posted its quarterly earnings data on Tuesday, January 27th. The data storage provider reported $3.11 EPS for the quarter, topping analysts' consensus estimates of $2.77 by $0.34. The firm had revenue of $2.83 billion during the quarter, compared to analysts' expectations of $2.73 billion. Seagate Technology had a negative return on equity of 936.38% and a net margin of 19.59%.The firm's quarterly revenue was up 21.5% compared to the same quarter last year. During the same quarter last year, the business posted $2.03 EPS. Seagate Technology has set its Q3 2026 guidance at 3.200-3.600 EPS. Equities research analysts predict that Seagate Technology Holdings PLC will post 12.13 earnings per share for the current fiscal year.

Seagate Technology Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 8th. Shareholders of record on Wednesday, March 25th were issued a $0.74 dividend. The ex-dividend date was Wednesday, March 25th. This represents a $2.96 annualized dividend and a yield of 0.5%. Seagate Technology's payout ratio is 33.48%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Evercore lifted their price target on Seagate Technology from $450.00 to $550.00 and gave the stock an "outperform" rating in a research note on Wednesday, April 8th. Loop Capital lifted 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. Wedbush lifted their price target on Seagate Technology from $290.00 to $380.00 and gave the stock an "outperform" rating in a research note on Friday, January 23rd. Wells Fargo & Company lifted their price objective on Seagate Technology from $360.00 to $450.00 and gave the stock an "equal weight" rating in a research report on Wednesday, January 28th. Finally, TD Cowen lifted their price objective on Seagate Technology from $340.00 to $500.00 and gave the stock a "buy" rating in a research report on Wednesday, January 28th. Twenty equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $514.13.

More Seagate Technology News

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

• Positive Sentiment: Barclays upgraded STX to Overweight and raised its price target to $625, citing more runway in the HDD/AI cycle and room for further gains — a high-profile upgrade that likely prompted buying and lifted sentiment. Barclays Just Lifted Seagate Price Target From $425 to $625
• Positive Sentiment: Other broker bullishness (Bank of America, UBS and average broker sentiment moving toward "moderate buy") has reinforced the upgrade momentum and raised investor conviction on STX’s earnings leverage to AI/data growth. Seagate Receives Average Recommendation of "Moderate Buy"
• Positive Sentiment: Seagate unveiled new high-capacity consumer and prosumer storage aimed at gaming and AI-driven creative workloads — product wins that support revenue growth narratives and the company's positioning in expanding data-center and edge storage markets. Seagate Introduces Storage Built for Consumer Data Explosion
• Positive Sentiment: Recent coverage highlights Seagate’s strong top-line momentum and AI-driven demand (analysts pointing to another leg of the rally after big revenue beats), which supports higher multiple expansion. Why Seagate (STX) Stock Is Trading Up Today
• Neutral Sentiment: Defiance launched a 2x single-stock ETF (STXL) for STX, which can boost short-term volume and volatility by making leveraged exposure easier for traders — increases liquidity but also risk. Defiance Launches STXL: 2X Leveraged ETF on Seagate Technology Holdings plc
• Neutral Sentiment: Media/TV mentions (e.g., CNBC/Cramer roundups) keep Seagate in the spotlight; useful for retail interest but not a direct fundamental driver. Cramer Names 'The Stocks That Got Away'
• Negative Sentiment: Valuation and leverage are potential headwinds — STX now trades at a high P/E and carries significant net leverage (debt-to-equity materially elevated), which raises downside risk if AI storage demand normalizes or growth disappoints.

Insider Buying and Selling

In other Seagate Technology news, EVP Kian Fatt Chong sold 5,846 shares of Seagate Technology stock in a transaction dated Monday, February 23rd. The stock was sold at an average price of $416.48, for a total value of $2,434,742.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP James Ci Lee sold 673 shares of Seagate Technology stock in a transaction dated Monday, January 26th. The shares were sold at an average price of $348.85, for a total value of $234,776.05. Following the completion of the sale, the executive vice president owned 257 shares of the company's stock, valued at $89,654.45. This trade represents a 72.37% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 112,223 shares of company stock worth $46,711,217 over the last ninety days. Insiders own 0.79% of the company's stock.

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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