Seagate Technology Holdings PLC $STX Shares Sold by Castle Hook Partners LP

Castle Hook Partners LP lowered its holdings in shares of Seagate Technology Holdings PLC (NASDAQ:STX) by 14.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 802,414 shares of the data storage provider’s stock after selling 133,337 shares during the period. Seagate Technology comprises 0.9% of Castle Hook Partners LP’s portfolio, making the stock its 16th largest holding. Castle Hook Partners LP’s holdings in Seagate Technology were worth $220,977,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Salomon & Ludwin LLC grew its holdings in shares of Seagate Technology by 124.4% during the fourth quarter. Salomon & Ludwin LLC now owns 92 shares of the data storage provider’s stock worth $27,000 after buying an additional 51 shares in the last quarter. Armstrong Advisory Group Inc. purchased a new stake in shares of Seagate Technology during the fourth quarter worth about $28,000. Concord Wealth Partners purchased a new stake in shares of Seagate Technology during the fourth quarter worth about $28,000. Avion Wealth grew its holdings in shares of Seagate Technology by 343.5% during the fourth quarter. Avion Wealth now owns 102 shares of the data storage provider’s stock worth $28,000 after buying an additional 79 shares in the last quarter. Finally, Quarry LP purchased a new stake in shares of Seagate Technology during the fourth quarter worth about $31,000. 92.87% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on STX shares. Zacks Research upgraded shares of Seagate Technology from a “hold” rating to a “strong-buy” rating in a report on Friday, May 1st. Barclays lifted their price target on shares of Seagate Technology from $750.00 to $1,000.00 and gave the stock an “overweight” rating in a report on Wednesday, May 27th. The Goldman Sachs Group lifted their price target on shares of Seagate Technology from $385.00 to $700.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th. BNP Paribas Exane lifted their price target on shares of Seagate Technology from $530.00 to $860.00 and gave the stock an “outperform” rating in a report on Wednesday, April 29th. Finally, Citigroup lifted their price target on shares of Seagate Technology from $740.00 to $1,150.00 and gave the stock a “buy” rating in a report on Tuesday, June 2nd. One investment analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, Seagate Technology presently has an average rating of “Moderate Buy” and a consensus target price of $831.79.

Seagate Technology Price Performance

Seagate Technology stock opened at $1,066.07 on Thursday. Seagate Technology Holdings PLC has a 1 year low of $130.32 and a 1 year high of $1,097.00. The firm has a 50 day moving average price of $745.62 and a 200 day moving average price of $493.64. The company has a market cap of $239.04 billion, a price-to-earnings ratio of 101.15 and a beta of 2.04. The company has a debt-to-equity ratio of 3.16, a quick ratio of 0.85 and a current ratio of 1.33.

Seagate Technology (NASDAQ:STX) last released its earnings results on Tuesday, April 28th. The data storage provider reported $4.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $3.11 billion during the quarter, compared to the consensus estimate of $2.96 billion. During the same period in the previous year, the firm earned $1.90 earnings per share. Seagate Technology’s revenue 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. Sell-side analysts predict that Seagate Technology Holdings PLC will post 14.14 earnings per share for the current 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 issued a $0.74 dividend. This represents a $2.96 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date is Wednesday, June 24th. Seagate Technology’s payout ratio is presently 28.08%.

Insider Transactions at Seagate Technology

In related news, EVP John Christopher Morris sold 1,364 shares of the business’s stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $880.19, for a total value of $1,200,579.16. Following the completion of the sale, the executive vice president directly owned 12,088 shares in the company, valued at approximately $10,639,736.72. The trade was a 10.14% 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 the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Gianluca Romano sold 903 shares of the business’s stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $880.19, for a total transaction of $794,811.57. Following the completion of the sale, the chief financial officer owned 42,860 shares of the company’s stock, valued at approximately $37,724,943.40. The trade was a 2.06% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 141,069 shares of company stock valued at $107,161,712 in the last quarter. Insiders own 0.79% of the company’s stock.

Seagate Technology News Summary

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

• Positive Sentiment: Morgan Stanley’s bullish call helped reinforce the view that Seagate is a key beneficiary of AI infrastructure spending, with analysts citing pricing power and supply shortages that could support earnings for years. Article Title
• Positive Sentiment: Recent coverage has highlighted Seagate as one of the top-performing memory/storage names in 2026, as investors continue to favor companies tied to AI data-center buildout and rising storage demand. Article Title
• Positive Sentiment: Additional reports this week said Seagate’s Mozaic HAMR platform and higher-capacity drives could strengthen its competitive position as AI-driven storage needs expand. Article Title
• Positive Sentiment: Seagate also got a lift from broader sector optimism after the U.S.-Iran ceasefire reduced geopolitical risk and improved sentiment toward memory and storage stocks. Article Title
• Neutral Sentiment: Several insiders, including the CEO and CFO, sold shares recently, but the transactions were relatively small versus their holdings and may simply reflect pre-planned trading activity.
• Neutral Sentiment: Some articles noted Seagate is already in a strong technical run and has reached new highs, which may attract momentum investors but also raises valuation concerns.
• Negative Sentiment: Because the stock has surged sharply already, some analysts and commentators warned the market may be pricing in a lot of perfection, leaving less room for error if storage pricing or AI demand cools. Article Title

Seagate Technology 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.