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 Q2 SEC filings by fund managers ($100M+ AUM)
42% more first-time investments, than exits
New positions opened: 105 | Existing positions closed: 74
23% more funds holding in top 10
Funds holding in top 10: 13 [Q1] → 16 (+3) [Q2]
16% more repeat investments, than reductions
Existing positions increased: 291 | Existing positions reduced: 251
10% more capital invested
Capital invested by funds: $17.5B [Q1] → $19.3B (+$1.79B) [Q2]
4% more funds holding
Funds holding: 755 [Q1] → 786 (+31) [Q2]
0.87% less ownership
Funds ownership: 89.82% [Q1] → 88.95% (-0.87%) [Q2]
11% less call options, than puts
Call options by funds: $560M | Put options by funds: $631M
Research analyst outlook
15 Wall Street Analysts provided 1 year price targets over the past 3 months
15 analyst ratings
Wedbush Matt Bryson 56% 1-year accuracy 24 / 43 met price target | 20%upside $135 | Outperform Maintained | 24 Jul 2024 |
Citigroup Asiya Merchant 75% 1-year accuracy 12 / 16 met price target | 11%upside $125 | Buy Maintained | 24 Jul 2024 |
Northland Capital Markets Gus Richard 77% 1-year accuracy 10 / 13 met price target | 26%upside $142 | Outperform Maintained | 24 Jul 2024 |
Baird Tristan Gerra 47% 1-year accuracy 8 / 17 met price target | 7%upside $120 | Outperform Maintained | 24 Jul 2024 |
Barclays Tom O'Malley 57% 1-year accuracy 20 / 35 met price target | 16%downside $95 | Equal-Weight Maintained | 24 Jul 2024 |
Financial journalist opinion
Based on 13 articles about STX published over the past 30 days