WT Asset Management Ltd Grows Stake in Seagate Technology Holdings PLC $STX

Key Points

• WT Asset Management increased its stake in Seagate by 122.3% in Q4 to 211,200 shares (about 0.10% of the company), valuing the position at $58.16 million and making it the fund's 16th-largest holding.
• Seagate beat expectations in its latest quarter with $3.11 EPS vs. $2.77 estimated and $2.83B revenue (up 21.5% YoY), provided Q3 2026 EPS guidance of 3.200–3.600, and has seen multiple analysts raise price targets amid AI-driven demand (consensus target ~$518).
• Insider selling has been notable recently—insiders sold 112,223 shares worth about $46.7 million in the last 90 days, including CEO sales executed under a Rule 10b5-1 plan—potentially a counterweight to bullish analyst revisions.

WT Asset Management Ltd lifted its stake in shares of Seagate Technology Holdings PLC (NASDAQ:STX - Free Report) by 122.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 211,200 shares of the data storage provider's stock after purchasing an additional 116,200 shares during the period. Seagate Technology accounts for 2.3% of WT Asset Management Ltd's investment portfolio, making the stock its 16th biggest holding. WT Asset Management Ltd owned approximately 0.10% of Seagate Technology worth $58,162,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of STX. Salomon & Ludwin LLC grew its stake in shares of Seagate Technology by 124.4% during the 4th quarter. Salomon & Ludwin LLC now owns 92 shares of the data storage provider's stock worth $27,000 after acquiring an additional 51 shares during the period. Armstrong Advisory Group Inc. purchased a new position in shares of Seagate Technology in the fourth quarter worth about $28,000. Avion Wealth raised its position in shares of Seagate Technology by 343.5% in the fourth quarter. Avion Wealth now owns 102 shares of the data storage provider's stock valued at $28,000 after purchasing an additional 79 shares during the period. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Seagate Technology during the 4th quarter valued at approximately $37,000. Finally, First Horizon Corp purchased a new position in Seagate Technology in the 3rd quarter valued at approximately $33,000. Hedge funds and other institutional investors own 92.87% of the company's stock.

Seagate Technology Stock Performance

Seagate Technology stock opened at $586.25 on Friday. Seagate Technology Holdings PLC has a fifty-two week low of $80.56 and a fifty-two week high of $607.89. The company has a debt-to-equity ratio of 7.63, a quick ratio of 0.72 and a current ratio of 1.12. The stock has a market cap of $127.84 billion, a P/E ratio of 66.32, a price-to-earnings-growth ratio of 0.98 and a beta of 1.61. The firm's fifty day moving average price is $437.89 and its 200-day moving average price is $344.91.

Seagate Technology (NASDAQ:STX - Get Free Report) last announced 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 company had revenue of $2.83 billion during the quarter, compared to analyst estimates of $2.73 billion. During the same period in the previous year, the business earned $2.03 earnings per share. The firm's quarterly 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 expect 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 disclosed a quarterly dividend, which was paid on Wednesday, April 8th. Stockholders of record on Wednesday, March 25th were issued a $0.74 dividend. This represents a $2.96 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date was Wednesday, March 25th. Seagate Technology's payout ratio is presently 33.48%.

Insider Buying and Selling

In other Seagate Technology news, Director Jay L. Geldmacher sold 925 shares of the company's stock in a transaction dated Friday, January 30th. The shares were sold at an average price of $448.02, for a total transaction of $414,418.50. Following the completion of the sale, the director directly owned 223 shares in the company, valued at $99,908.46. This represents a 80.57% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO William D. Mosley sold 20,000 shares of Seagate Technology stock in a transaction dated Wednesday, April 1st. The stock was sold at an average price of $420.73, for a total value of $8,414,600.00. Following the completion of the transaction, the chief executive officer owned 355,591 shares in the company, valued at approximately $149,607,801.43. This represents a 5.32% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 112,223 shares of company stock worth $46,711,217 in the last ninety days. 0.79% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of analysts recently issued reports on STX shares. Sanford C. Bernstein increased their price objective on Seagate Technology from $500.00 to $620.00 and gave the stock an "outperform" rating in a report on Thursday, April 9th. Rosenblatt Securities upped their target price 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. KeyCorp set a $500.00 target price on shares of Seagate Technology in a research note on Wednesday, January 28th. Cantor Fitzgerald raised their price target on shares of Seagate Technology from $500.00 to $650.00 and gave the company an "overweight" rating in a report on Wednesday, February 4th. Finally, Susquehanna upped their price target on shares of Seagate Technology from $420.00 to $485.00 and gave the stock a "neutral" rating in a report on Friday, April 10th. Twenty investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $518.29.

Key Stories Impacting Seagate Technology

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

• Positive Sentiment: Barclays upgraded STX to a Buy, citing additional upside in an AI‑driven rally and suggesting there's "another leg" to the move — a key driver of today’s bullish sentiment. Seagate Stock Upgraded To Buy
• Positive Sentiment: Loop Capital raised its price target on Seagate from $700 to $800 and maintained a Buy rating — a material upward revision that supports higher analyst-driven demand. Loop Capital Adjusts Price Target
• Positive Sentiment: Additional broker upgrades and positive notes (UBS/other outlets) are reinforcing the buy-side view that Seagate can capture share of growing data-storage demand tied to AI, gaming and creator workflows. Seagate Raised to Overweight at Barclays / UBS coverage
• Positive Sentiment: Seagate unveiled new high‑capacity consumer and prosumer storage products targeted at AI, gaming and creators — positioning the company to monetize rising data-demand and potentially lift revenue growth. Product details and positioning covered across BusinessWire, Forbes, Zacks and Yahoo. Seagate Introduces Storage Built for Consumer Data Explosion
• Neutral Sentiment: New single‑stock leveraged ETFs (Defiance’s 2x STXL and Tradr’s 200% ETFs) on STX were launched this week — these products increase speculative flows and intraday liquidity/volatility but don't change Seagate's fundamentals. Traders should expect larger short-term swings. Defiance Launches STXL
• Neutral Sentiment: Broader tech/mega-cap momentum (Apple and other Magnificent Seven names in earnings focus) is supporting sector sentiment; this macro tailwind can lift STX but is not a company‑specific catalyst. Apple Stock, Back In Growth Mode

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.

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