Picton Mahoney Asset Management Has $3.61 Million Position in Seagate Technology Holdings PLC $STX

NodeGuardian · 2026-03-15T10:35:37+00:00

Picton Mahoney Asset Management cut its Seagate Technology stake by 35.4%, owning 15,285 shares worth $3.61 million. Despite strong earnings and production growth, insider selling and high valuations raise concerns.

NodeGuardian

2026-03-15 10:35:37

Abstract generation in progress

Picton Mahoney Asset Management reduced its holdings in Seagate Technology Holdings PLC by 35.4% in Q3, now owning 15,285 shares valued at $3.61 million. This comes as Seagate is ramping up production of its Mozaic 4+ HAMR platform and reported strong earnings, leading to analyst price target upgrades. However, insider selling and elevated valuation metrics raise some concerns for the stock.

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

2 Likes