Seagate (STX)

• Market cap: $16B
• 1 day: -0.68%
• 5 days: 3.10%
• 1 month: -3.94%
• 3 months: -17.89%
• 6 months: -19.47%
• Year to date: -5.54%
• 1 year: -5.20%
• 5 years: 59.81%
• 10 years: 40.28%
• Sector: Technology
• Industry: Computer Hardware

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: 30,000

Fund manager confidence

Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)

25% more repeat investments, than reductions

Existing positions increased: 324 | Existing positions reduced: 260

1.96% more ownership

Funds ownership: 88.41% [Q3] → 90.37% (+1.96%) [Q4]

5% less first-time investments, than exits

New positions opened: 103 | Existing positions closed: 108

2% less funds holding

Funds holding: 810 [Q3] → 794 (-16) [Q4]

19% less capital invested

Capital invested by funds: $20.4B [Q3] → $16.5B (-$3.85B) [Q4]

31% less funds holding in top 10

Funds holding in top 10: 13 [Q3] → 9 (-4) [Q4]

44% less call options, than puts

Call options by funds: $281M | Put options by funds: $501M

Research analyst outlook

4 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $80 2% downside
• Avg. target: $94 16% upside
• High target: $112 37% upside

4 analyst ratings

• positive: 3 75%
• neutral: 1 25%
• negative: 0 0%

Barclays Tom O'Malley 36% 1-year accuracy 17 / 47 met price target	2% downside $80	Equal-Weight Maintained	22 Apr 2025
Citigroup Asiya Merchant 30% 1-year accuracy 12 / 40 met price target	10% upside $90	Buy Maintained	14 Apr 2025
Mizuho Vijay Rakesh 21% 1-year accuracy 14 / 68 met price target	16% upside $95	Outperform Maintained	10 Apr 2025
B of A Securities Mehdi Hosseini 19% 1-year accuracy 7 / 37 met price target	37% upside $112	Buy Maintained	13 Mar 2025