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Seagate Technology Holdings plc is positioned for strong profitability as agentic AI drives surging storage demand and capacity allocation. STX benefits from a shift to higher-density storage, improved operating leverage, and recurring revenue from refresh cycles as enterprise AI adoption accelerates. Despite robust fundamentals, I downgrade STX to Buy with a $937 price target, reflecting waning AI sentiment and a more prudent valuation approach.
Seagate heads into fiscal Q4 2026 earnings with AI-driven storage demand, rising HAMR adoption and margin gains that could support another earnings beat.
Aureus Asset Management LLC bought a new position in shares of Seagate Technology Holdings PLC (NASDAQ: STX) during the undefined quarter, according to its most recent disclosure with the SEC. The institutional investor bought 553 shares of the data storage provider's stock, valued at approximately $217,000. A number of other hedge funds also
Atika Capital Management LLC raised its holdings in Seagate Technology Holdings PLC (NASDAQ: STX) by 3.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 53,500 shares of the data storage provider's stock after buying an additional 1,593 shares during the quarter. Seagate
Aspen Grove Capital LLC purchased a new stake in Seagate Technology Holdings PLC (NASDAQ: STX) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 665 shares of the data storage provider's stock, valued at approximately $261,000. Several other institutional investors and
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Seagate Technology shares continued to advance as demand for high-capacity storage tied to AI data-center buildouts supported further positive earnings revisions. On balance, the Fund's artificial intelligence positioning was a net positive contributor to relative performance during the quarter. We added the Humana position on the view that earnings are at a cyclical trough, with MA margins currently depressed, in some cases negative, as elevated medical cost trends have outpaced premium growth across the industry.
Why investors should use the Zacks Earnings ESP tool to help find stocks that are poised to top quarterly earnings estimates.
SEC filings for STX aren't indexed yet — common for recently launched funds. Browse the issuer's filings on SEC EDGAR directly.