V Square Quantitative Management LLC Acquires New Stake in Seagate Technology Holdings PLC $STX

Key Points

• V Square Quantitative Management initiated a new position in Seagate, buying 3,984 shares in Q4 worth approximately $1.10 million.
• Seagate reported a strong quarter, with $3.11 EPS versus a $2.77 estimate and revenue up 21.5% YoY, while analysts have raised price targets (average target ~$473.92) amid AI/datacenter-driven HDD demand.
• Notable insider selling: CEO William D. Mosley sold 24,584 shares (~$10.0M) and insiders disposed of 113,635 shares (~$47.1M) last quarter, leaving insiders with about 0.79% ownership.

V Square Quantitative Management LLC purchased a new stake in Seagate Technology Holdings PLC (NASDAQ:STX - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 3,984 shares of the data storage provider's stock, valued at approximately $1,097,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. Armstrong Advisory Group Inc. acquired a new position in Seagate Technology in the 4th quarter valued at about $28,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Seagate Technology in the fourth quarter valued at approximately $37,000. First Horizon Corp acquired a new stake in Seagate Technology in the third quarter valued at approximately $33,000. Raiffeisen Bank International AG bought a new position in shares of Seagate Technology during the third quarter valued at $33,000. Finally, Physician Wealth Advisors Inc. raised its stake in shares of Seagate Technology by 43.7% during the third quarter. Physician Wealth Advisors Inc. now owns 148 shares of the data storage provider's stock valued at $35,000 after acquiring an additional 45 shares during the last quarter. 92.87% of the stock is owned by institutional investors.

Seagate Technology Stock Up 0.9%

Shares of NASDAQ STX opened at $500.77 on Friday. Seagate Technology Holdings PLC has a 1 year low of $67.63 and a 1 year high of $517.18. The company has a debt-to-equity ratio of 7.63, a current ratio of 1.12 and a quick ratio of 0.72. The stock has a market capitalization of $109.20 billion, a P/E ratio of 56.65, a P/E/G ratio of 1.08 and a beta of 1.61. The company has a 50-day moving average price of $410.33 and a 200-day moving average price of $321.22.

Seagate Technology (NASDAQ:STX - Get Free Report) last posted its earnings results 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. Seagate Technology had a net margin of 19.59% and a negative return on equity of 936.38%. The firm had revenue of $2.83 billion during the quarter, compared to analyst estimates of $2.73 billion. During the same quarter in the prior year, the business posted $2.03 EPS. The business's revenue was up 21.5% compared to the same quarter last year. Seagate Technology has set its Q3 2026 guidance at 3.200-3.600 EPS. On average, equities research analysts forecast that Seagate Technology Holdings PLC will post 6.83 EPS for the current fiscal year.

Seagate Technology Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 8th. Investors of record on Wednesday, March 25th were issued a dividend of $0.74 per share. The ex-dividend date was Wednesday, March 25th. This represents a $2.96 annualized dividend and a yield of 0.6%. Seagate Technology's payout ratio is 33.48%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. China Renaissance lifted their target price on shares of Seagate Technology from $325.00 to $452.00 and gave the stock a "buy" rating in a research note on Thursday, January 15th. Argus raised their price target on shares of Seagate Technology from $300.00 to $450.00 and gave the stock a "buy" rating in a report on Thursday, January 29th. The Goldman Sachs Group raised their price target on shares of Seagate Technology from $310.00 to $385.00 and gave the stock a "buy" rating in a report on Wednesday, January 28th. Rosenblatt Securities raised their price target on shares of Seagate Technology from $370.00 to $500.00 and gave the stock a "buy" rating in a report on Wednesday, January 28th. Finally, Weiss Ratings restated a "buy (b)" rating on shares of Seagate Technology in a report on Friday, March 27th. Nineteen analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, Seagate Technology presently has an average rating of "Moderate Buy" and an average price target of $473.92.

Insider Buying and Selling at Seagate Technology

In related news, CEO William D. Mosley sold 24,584 shares of the business's stock in a transaction dated Thursday, March 19th. The shares were sold at an average price of $406.77, for a total transaction of $10,000,033.68. Following the transaction, the chief executive officer directly owned 375,591 shares in the company, valued at approximately $152,779,151.07. The trade was a 6.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP James Ci Lee sold 673 shares of the business's stock in a transaction dated Monday, January 26th. The stock was sold at an average price of $348.85, for a total transaction of $234,776.05. Following the transaction, the executive vice president owned 257 shares in the company, valued at approximately $89,654.45. This trade represents a 72.37% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 113,635 shares of company stock valued at $47,133,843 in the last quarter. 0.79% of the stock is owned by company insiders.

Key Stories Impacting Seagate Technology

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

• Positive Sentiment: AI/datacenter demand is lifting HDD pricing and margins — analysts and commentators say stronger pricing power for high‑capacity drives is boosting revenue and gross margins, an important tailwind for Seagate’s core HDD business. Read More.
• Positive Sentiment: Broker upgrades and higher price targets (Evercore to $550; Bernstein to $620; JPMorgan coverage initiation) are reinforcing bullish sentiment and institutional demand, supporting the recent run in the stock. Read More.
• Positive Sentiment: Seagate is seen as a beneficiary of NVIDIA‑led data center buildouts — coverage pieces highlight Seagate among hardware suppliers gaining from the AI storage cycle, underpinning expectations for multi‑year demand. Read More.
• Neutral Sentiment: Seagate sold its Lyve Cloud business to Wasabi Technologies and received equity in Wasabi — this simplifies Seagate’s portfolio and preserves upside via an equity stake, but financial terms weren’t disclosed so near‑term impact on EPS and cash flow is unclear. Read More.
• Neutral Sentiment: Recent price momentum and coverage pieces highlighting strong multi‑period returns draw attention but are descriptive — they explain why momentum is strong but don’t guarantee continued gains. Read More.
• Negative Sentiment: Valuation and execution risk after the rally — the stock’s sizable run and a relatively high trailing PE increase the risk of a pullback if HDD pricing or AI capex expectations disappoint. Read More.

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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