STX stock icon

Seagate
STX

$104.91
3.32%

Market Cap: 22B

 

About: Seagate is a leading supplier of hard disk drives for data storage to the enterprise and consumer markets. It forms a practical duopoly in the market with its chief rival, Western Digital; they are both vertically integrated.

Employees: 33,400

0
Funds holding %
of 6,702 funds
0
Analysts bullish %
of 24 analysts
0
News positive %
of 25 articles

Fund manager confidence

Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)

30% more first-time investments, than exits

New positions opened: 104 | Existing positions closed: 80

6% more capital invested

Capital invested by funds: $16.2B [Q4 2023] → $17.1B (+$904M) [Q1 2024]

3% more funds holding

Funds holding: 715 [Q4 2023] → 739 (+24) [Q1 2024]

5% less call options, than puts

Call options by funds: $509M | Put options by funds: $533M

9% less repeat investments, than reductions

Existing positions increased: 242 | Existing positions reduced: 267

2.96% less ownership

Funds ownership: 90.81% [Q4 2023] → 87.85% (-2.96%) [Q1 2024]

7% less funds holding in top 10

Funds holding in top 10: 14 [Q4 2023] → 13 (-1) [Q1 2024]

Research analyst outlook

24 Wall Street Analysts provided 1 year price forecasts over the past 6 months

Low target
$55
48%
downside
Avg. target
$101
4%
downside
High target
$125
19%
upside

24 analyst ratings

11 positive
46%
12 neutral
50%
negative
4%
Cantor Fitzgerald
C J Muse
14%upside
$120
Neutral
Maintained
16 Jul 2024
Evercore ISI Group
Amit Daryanani
19%upside
$125
Outperform
Maintained
16 Jul 2024
Citigroup
Asiya Merchant
14%upside
$120
Buy
Maintained
12 Jul 2024
Loop Capital
Ananda Baruah
5%upside
$110
Buy
Maintained
4 Jun 2024
Mizuho
Vijay Rakesh
5%upside
$110
Buy
Maintained
31 May 2024

Financial journalist opinion

Based on 25 articles about STX published over the past 30 days