Seagate Tech Surges 1.85% on $540M 193rd-ranked Volume as Institutional Buying Boosts Holdings to 93%

Seagate Technology (STX) rose 1.85% on September 2, 2025, with a trading volume of $540 million, ranking 193rd in market activity. Institutional investors increased their stakes in the company, including Ieq Capital LLC, which boosted its position by 6.7% to 38,013 shares valued at $3.23 million. Vanguard Group and JPMorgan Chase also raised their holdings, collectively owning nearly 92.87% of Seagate’s stock. The company announced a quarterly dividend of $0.72 per share and a $5 billion share buyback program, signaling confidence in its value proposition.

Analysts have revised their price targets for STX, with Benchmark, Wells Fargo, and Citigroup raising their estimates to $165, $160, and $170 per share, respectively. Fourteen analysts maintain a "Buy" rating, while five recommend a "Hold." Seagate’s Q2 earnings report exceeded expectations, with $2.59 per share and $2.44 billion in revenue, reflecting a 29.5% year-over-year revenue increase. However, insider sales, including CEO William Mosley’s 20,000-share transaction, reduced institutional ownership slightly.

The backtest results indicate that STX’s 1-year total return stood at 76.06%, outperforming the S&P 500’s 13.58% gain. Year-to-date, the stock surged 100.22%, compared to the index’s 9.08%. Over three years, Seagate delivered a 190.37% return, significantly outpacing the S&P 500’s 63.48% total return. These figures underscore the stock’s resilience amid market volatility and its appeal to growth-oriented investors.