Seagate Technology Holdings Plc (STX) is under the spotlight for several reasons, drawing attention from investors and analysts. This digital storage solution company has increased its holdings by several institutional investors, including
BTC Capital Management Inc., Forsta AP Fonden, Pacer Advisors Inc, and
KBC Group NV, signaling strong confidence in STX's financial outlook.
Jim Cramer, however, deems the company a value trap compared to Broadcom. Nonetheless, the tech giant recently posted impressive fiscal Q2 2025 results, leading to an upgrade from Benchmark and strong growth expectations. Furthermore,
Seagate stands as an undervalued tech stock and a preferred investment among hedge funds and analysts. Insider selling activity has been reported, but it doesn't overshadow the substantial revenue growth, forecast-beating earnings, and upcoming
Investor Events.
Czech National Bank and
Nisa Investment Advisors LLC are among the new investors, while
Range Financial Group LLC and
Wealthcare Advisory Partners LLC grew their positions. Despite a $300 million penalty for shipping hard drives to Huawei, analysts continue to back Seagate's outlook, reflecting a 'Moderate Buy' consensus.
Seagate Technology Holdings Plcs STX News Analytics from Mon, 08 Aug 2016 08:18:26 GMT to Sat, 01 Feb 2025 14:53:05 GMT -
Rating 5
- Innovation 6
- Information 8
- Rumor 4
