Varma Mutual Pension Insurance Co Invests $12.97 Million in Seagate Technology Holdings PLC $STX

Key Points

• Varma Mutual Pension Insurance Co opened a new position in Seagate (NASDAQ:STX), buying 47,100 shares in Q4 valued at about $12.97 million amid heavy institutional ownership (≈92.87%).
• Strong quarterly results and guidance: Seagate reported $4.10 EPS vs. $3.51 expected and $3.11B revenue (up 44.1% YoY), set Q4 2026 EPS guidance of $4.80–$5.20, and has seen multiple analyst price-target raises leading to a consensus "Moderate Buy."
• Corporate moves: Seagate declared a $0.74 quarterly dividend (≈0.4% yield) while insiders, including the CEO, have sold shares recently under a Rule 10b5-1 plan.

Varma Mutual Pension Insurance Co purchased a new position in shares of Seagate Technology Holdings PLC (NASDAQ:STX - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 47,100 shares of the data storage provider's stock, valued at approximately $12,971,000.

A number of other institutional investors and hedge funds have also made changes to their positions in STX. 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 grew 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 purchasing an additional 2,697,957 shares during the period. Massachusetts Financial Services Co. MA grew its stake in Seagate Technology by 1,510.1% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 2,008,516 shares of the data storage provider's stock valued at $553,125,000 after acquiring an additional 1,883,769 shares during the last quarter. Soroban Capital Partners LP grew its stake in Seagate Technology by 1,468.1% in the 2nd quarter. Soroban Capital Partners LP now owns 1,417,600 shares of the data storage provider's stock valued at $204,602,000 after acquiring an additional 1,327,197 shares during the last quarter. Finally, Trivest Advisors Ltd acquired a new stake in Seagate Technology in the 3rd quarter valued at about $170,435,000. 92.87% of the stock is owned by institutional investors and hedge funds.

More Seagate Technology News

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

• Positive Sentiment: Management scheduled to present at major conferences (J.P. Morgan May 18; TD Cowen May 27) — gives Seagate a platform to reinforce recent results and guidance, supporting continued retail and institutional interest. Seagate to Participate in Upcoming Investor Events
• Positive Sentiment: Earnings estimates moving higher — analysts have raised near-term EPS forecasts for STX, which often precedes further price gains as expectations catch up with strong results. Earnings Estimates Moving Higher for Seagate (STX): Time to Buy?
• Positive Sentiment: Zacks added STX to its #1 (Strong Buy) momentum list — a near-term technical/quant-driven endorsement that can attract momentum funds and traders. Best Momentum Stock to Buy for May 4th
• Positive Sentiment: Analyst outlooks improving — recent coverage notes that Seagate’s business prospects have “improved drastically,” which supports higher target prices and buy-side conviction. Forecast: Analysts Think Seagate Technology Holdings plc's NASDAQ: STX Business Prospects Have Improved Drastically
• Neutral Sentiment: Positive features on long-term returns and growth case — articles highlighting 10‑year returns and “3 reasons” growth arguments bolster investor narrative but are informational rather than immediate catalysts. Here's How Much a $1000 Investment in Seagate Made 10 Years Ago Would Be Worth Today
• Negative Sentiment: High-profile caution from Jim Cramer — while he acknowledged Seagate’s strong quarter, he called the stock “really overextended” for him, a sentiment that can trigger profit‑taking by some investors. Jim Cramer Says Stocks Like Seagate “Are Really Overextended” For Him

Seagate Technology Price Performance

Seagate Technology stock opened at $738.17 on Tuesday. Seagate Technology Holdings PLC has a 12-month low of $91.92 and a 12-month high of $749.00. The stock has a market capitalization of $165.52 billion, a P/E ratio of 70.04 and a beta of 1.98. The firm's 50-day moving average is $454.23 and its two-hundred day moving average is $358.04. 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 (NASDAQ:STX - Get Free Report) last released its quarterly 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 company had revenue of $3.11 billion for the quarter, compared to analysts' expectations of $2.96 billion. During the same period last year, the company earned $1.90 EPS. The firm's revenue for the quarter was up 44.1% compared to the same quarter last year. Seagate Technology has set its Q4 2026 guidance at 4.800-5.200 EPS. Equities 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 declared a quarterly dividend, which will be paid on Tuesday, July 7th. Shareholders of record on Wednesday, June 24th will be paid a dividend of $0.74 per share. This represents a $2.96 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend is Wednesday, June 24th. Seagate Technology's dividend payout ratio (DPR) is currently 28.08%.

Insider Activity

In other Seagate Technology news, CEO William D. Mosley sold 20,000 shares of the firm's stock in a transaction dated Wednesday, April 1st. The shares were sold at an average price of $420.73, for a total transaction of $8,414,600.00. Following the sale, the chief executive officer directly owned 355,591 shares of the company's stock, valued at $149,607,801.43. This trade represents a 5.32% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Kian Fatt Chong sold 5,846 shares of the firm's stock in a transaction dated Monday, February 23rd. The stock was sold at an average price of $416.48, for a total transaction of $2,434,742.08. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 70,430 shares of company stock worth $28,544,576 over the last ninety days. 0.79% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages recently commented on STX. Wedbush increased their price objective on shares of Seagate Technology from $700.00 to $825.00 and gave the company an "outperform" rating in a research note on Monday, April 27th. Wall Street Zen upgraded shares of Seagate Technology from a "hold" rating to a "buy" rating in a research report on Saturday. Morgan Stanley lifted their price objective on Seagate Technology from $582.00 to $767.00 and gave the stock an "overweight" rating in a research report on Wednesday, April 29th. Barclays lifted their price objective on Seagate Technology from $625.00 to $750.00 and gave the stock an "overweight" rating in a research report on Wednesday, April 29th. Finally, Susquehanna lifted their price objective on Seagate Technology from $485.00 to $615.00 and gave the stock a "neutral" rating in a research report 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 issued a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average 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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