Seagate
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 Q3 regulatory filings by fund managers ($100M+ AUM)
43% more first-time investments, than exits
New positions opened: 107 | Existing positions closed: 75
15% more repeat investments, than reductions
Existing positions increased: 299 | Existing positions reduced: 260
3% more funds holding
Funds holding: 786 [Q2] → 806 (+20) [Q3]
3% more capital invested
Capital invested by funds: $22.2B [Q2] → $22.9B (+$725M) [Q3]
6% less call options, than puts
Call options by funds: $566M | Put options by funds: $604M
2.81% less ownership
Funds ownership: 102.25% [Q2] → 99.43% (-2.81%) [Q3]
19% less funds holding in top 10
Funds holding in top 10: 16 [Q2] → 13 (-3) [Q3]
Research analyst outlook
12 Wall Street Analysts provided 1 year price targets over the past 3 months
12 analyst ratings
Cantor Fitzgerald Matthew Prisco 70% 1-year accuracy 7 / 10 met price target | 24%upside $120 | Neutral Reiterated | 22 Jan 2025 |
UBS Timothy Arcuri 45% 1-year accuracy 14 / 31 met price target | 9%upside $105 | Neutral Maintained | 22 Jan 2025 |
Susquehanna Mehdi Hosseini 66% 1-year accuracy 27 / 41 met price target | 30%downside $68 | Negative Maintained | 22 Jan 2025 |
Rosenblatt Kevin Cassidy 55% 1-year accuracy 31 / 56 met price target | 55%upside $150 | Buy Maintained | 22 Jan 2025 |
B of A Securities Wamsi Mohan 73% 1-year accuracy 61 / 84 met price target | 35%upside $130 | Buy Maintained | 22 Jan 2025 |
Financial journalist opinion
Based on 27 articles about STX published over the past 30 days









