PFA Pension Forsikringsaktieselskab Makes New $23.88 Million Investment in Seagate Technology Holdings PLC $STX

PFA Pension Forsikringsaktieselskab bought a new position in Seagate Technology Holdings PLC (NASDAQ:STX) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 85,267 shares of the data storage provider’s stock, valued at approximately $23,882,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Horizon Investments LLC grew its stake in Seagate Technology by 46.1% in the fourth quarter. Horizon Investments LLC now owns 5,737 shares of the data storage provider’s stock valued at $1,580,000 after acquiring an additional 1,811 shares during the period. HTG Investment Advisors Inc. acquired a new stake in Seagate Technology in the fourth quarter valued at approximately $220,000. One Wealth Advisors LLC grew its stake in Seagate Technology by 35.6% in the fourth quarter. One Wealth Advisors LLC now owns 2,462 shares of the data storage provider’s stock valued at $678,000 after acquiring an additional 647 shares during the period. Mutual Advisors LLC grew its stake in Seagate Technology by 3.1% in the fourth quarter. Mutual Advisors LLC now owns 1,213 shares of the data storage provider’s stock valued at $334,000 after acquiring an additional 36 shares during the period. Finally, Sigma Planning Corp grew its stake in Seagate Technology by 11.2% in the fourth quarter. Sigma Planning Corp now owns 3,455 shares of the data storage provider’s stock valued at $951,000 after acquiring an additional 347 shares during the period. Institutional investors and hedge funds own 92.87% of the company’s stock.

Key Headlines Impacting Seagate Technology

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

• Positive Sentiment: Q3 earnings beat and AI-driven guidance—Seagate reported a big EPS/revenue beat and raised forward outlook, which investors interpret as confirmation that AI data-center spending is lifting demand for high-performance HDD and enterprise storage. Seagate stock surges after Q3 earnings — why the rally may continue
• Positive Sentiment: Large price-target upgrades—Sanford C. Bernstein lifted its PT to $1,000 (outperform) and Argus bumped its PT to $750 (buy), signaling strong sell‑side conviction that STX will benefit from the AI capex cycle. Bernstein adjusts Seagate price target to $1,000 Argus raises Seagate PT to $750
• Positive Sentiment: Industry confirmation of AI storage demand—Peers (Sandisk, Western Digital) and multiple analyst notes say Big Tech will spend heavily on AI infrastructure through 2026, boosting demand for storage components. That macro tailwind is central to the bullish thesis for STX. Sandisk joins Western Digital, Seagate in signaling strong AI storage demand
• Positive Sentiment: High-profile endorsements and coverage—Jim Cramer and multiple analyst blogs are spotlighting Seagate as a direct beneficiary of constrained supply vs. booming demand for AI storage, attracting retail and institutional attention. Jim Cramer Says “Seagate’s Been a Horse for Ages Now”
• Neutral Sentiment: Company product/service news—Seagate refreshed storage product lines aimed at high-resolution media and AI workflows, reinforcing the growth story but not an immediate earnings surprise. Seagate launches refreshed storage lineup
• Neutral Sentiment: Sector volatility—After Seagate-led rallies, peers have shown volatile post-earnings trading (e.g., Sandisk/WDC slipped despite strong forecasts), highlighting event-driven swings even as structural demand remains. Red-Hot AI Stock Western Digital Slides Late Despite Earnings Beat
• Neutral Sentiment: Media/attention items—Stories on “AI tokens” and pieces asking whether it’s too late to buy reflect heightened retail interest and sentiment momentum, which can amplify moves but add noise. Seagate stock has everyone talking about AI tokens Is It Too Late To Consider Seagate After Its Recent AI Storage-Fueled Surge?
• Negative Sentiment: Valuation and cycle risk—Analyst commentaries warn Seagate may be trading at peak earnings multiples tied to a hyperscaler capex cycle that could slow after FY26/FY27; that raises downside risk if AI capex moderates. Seagate: The Biggest Risk Is Buying At The Top Of The Industry Capex Cycle

Analysts Set New Price Targets

A number of brokerages have commented on STX. UBS Group raised their price objective on Seagate Technology from $515.00 to $545.00 and gave the company a “neutral” rating in a research note on Wednesday, April 29th. KeyCorp set a $500.00 price objective on Seagate Technology in a research note on Wednesday, January 28th. BNP Paribas Exane raised their price objective on Seagate Technology from $530.00 to $860.00 and gave the company an “outperform” rating in a research note on Wednesday, April 29th. Jefferies Financial Group reissued a “hold” rating on shares of Seagate Technology in a research note on Wednesday, February 4th. Finally, Wedbush raised their price objective on Seagate Technology from $700.00 to $825.00 and gave the company an “outperform” rating in a research note on Monday, April 27th. Twenty equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, Seagate Technology currently has a consensus rating of “Moderate Buy” and an average price target of $709.13.

Insider Activity at Seagate Technology

In related news, EVP Kian Fatt Chong sold 5,846 shares of Seagate Technology stock in a transaction that occurred on Monday, February 23rd. The stock was sold at an average price of $416.48, for a total transaction of $2,434,742.08. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO William D. Mosley sold 24,584 shares of Seagate Technology stock in a transaction on Thursday, March 19th. The stock was 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 $152,779,151.07. This trade represents a 6.14% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 70,430 shares of company stock worth $28,544,576. 0.79% of the stock is owned by insiders.

Seagate Technology Price Performance

Shares of NASDAQ:STX opened at $726.93 on Monday. The stock has a market cap of $163.00 billion, a price-to-earnings ratio of 68.97 and a beta of 1.98. The company has a quick ratio of 0.85, a current ratio of 1.33 and a debt-to-equity ratio of 3.16. Seagate Technology Holdings PLC has a 12-month low of $91.29 and a 12-month high of $728.00. The business’s 50 day moving average is $454.23 and its 200 day moving average is $358.04.

Seagate Technology (NASDAQ:STX) last announced its earnings results on Tuesday, April 28th. The data storage provider reported $4.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.51 by $0.59. The company had revenue of $3.11 billion for the quarter, compared to analysts’ expectations of $2.96 billion. Seagate Technology had a return on equity of 1,005.65% and a net margin of 21.60%.Seagate Technology’s quarterly revenue was up 44.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.90 earnings per share. Seagate Technology has set its Q4 2026 guidance at 4.800-5.200 EPS. On average, sell-side analysts forecast that Seagate Technology Holdings PLC will post 14.1 earnings per share for the current fiscal year.

Seagate Technology Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 7th. Investors of record on Wednesday, June 24th will be given a dividend of $0.74 per share. The ex-dividend date of this dividend is Wednesday, June 24th. This represents a $2.96 annualized dividend and a dividend yield of 0.4%. Seagate Technology’s payout ratio is presently 28.08%.

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.