Seagate Technology (NASDAQ:STX) EVP Sells $8,411,990.14 in Stock

Seagate Technology Holdings PLC (NASDAQ:STX) EVP Ban Seng Teh sold 9,862 shares of Seagate Technology stock in a transaction on Friday, August 21st. The shares were sold at an average price of $852.97, for a total transaction of $8,411,990.14. Following the completion of the sale, the executive vice president directly owned 5,210 shares of the company’s stock, valued at approximately $4,443,973.70. The trade was a 65.43% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Ban Seng Teh also recently made the following trade(s):

• On Thursday, August 20th, Ban Seng Teh sold 6,048 shares of Seagate Technology stock. The stock was sold at an average price of $842.97, for a total transaction of $5,098,282.56.
• On Thursday, August 13th, Ban Seng Teh sold 7,361 shares of Seagate Technology stock. The shares were sold at an average price of $920.80, for a total transaction of $6,778,008.80.
• On Friday, June 12th, Ban Seng Teh sold 989 shares of Seagate Technology stock. The shares were sold at an average price of $880.19, for a total transaction of $870,507.91.
• On Wednesday, June 10th, Ban Seng Teh sold 663 shares of Seagate Technology stock. The stock was sold at an average price of $821.86, for a total transaction of $544,893.18.

Seagate Technology Trading Up 3.0%

NASDAQ:STX opened at $846.37 on Thursday. The company has a debt-to-equity ratio of 1.56, a current ratio of 1.67 and a quick ratio of 1.17. Seagate Technology Holdings PLC has a one year low of $163.86 and a one year high of $1,145.00. The company has a market cap of $191.83 billion, a PE ratio of 60.98 and a beta of 2.06. The firm has a 50-day moving average of $880.16 and a 200-day moving average of $691.76.

Seagate Technology (NASDAQ:STX) last released its quarterly earnings results on Tuesday, July 28th. The data storage provider reported $5.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.10 by $0.61. The business had revenue of $3.63 billion during the quarter, compared to the consensus estimate of $3.50 billion. Seagate Technology had a return on equity of 369.98% and a net margin of 26.11%.The company’s quarterly revenue was up 48.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.59 EPS. Seagate Technology has set its Q1 2027 guidance at 7.100-7.500 EPS. As a group, equities research analysts expect that Seagate Technology Holdings PLC will post 34.42 EPS for the current fiscal year.

Seagate Technology Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 7th. Stockholders of record on Thursday, September 24th will be issued a $0.74 dividend. This represents a $2.96 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date is Thursday, September 24th. Seagate Technology’s dividend payout ratio (DPR) is currently 21.33%.

Key Seagate Technology News

Here are the key news stories impacting Seagate Technology this week:

• Positive Sentiment: Analyst commentary highlights Seagate as a potential “unexpected” AI winner. Hyperscaler demand, contracts extending through 2027 and the need for high-capacity storage could support sustained growth as data-center workloads expand. Prediction: Seagate Could Be One of AI’s Most Unexpected Winners
• Positive Sentiment: With Treasury yields falling, Zacks identified STX as a growth stock that could benefit from stronger earnings momentum and structural demand for storage. Seagate’s latest quarter showed revenue growth of 48.5% year over year, while EPS and revenue exceeded consensus estimates. 3 Growth Stocks to Buy as Treasury Yields Fall
• Positive Sentiment: Wall Street’s consensus remains constructive, with a “Moderate Buy” rating and an average price target of $986. Several firms recently raised targets to between $1,150 and $1,300, citing Seagate’s earnings outlook and AI-related demand.
• Neutral Sentiment: Seagate declared a quarterly dividend of $0.74 per share, equivalent to a $2.96 annualized payout and an approximately 0.4% yield. The dividend provides shareholder income but is unlikely to be a major near-term trading catalyst.
• Negative Sentiment: EVP James Ci Lee sold 9,013 shares worth about $7.16 million, reducing his ownership by 96.29%. EVP John Christopher Morris also sold 523 shares and has made several additional sales recently. These transactions may weigh on sentiment, although they were executed under pre-arranged Rule 10b5-1 plans, reducing their significance as discretionary signals about management’s outlook. SEC filing for James Ci Lee stock sale
• Negative Sentiment: STX’s high valuation and beta make it sensitive to broader technology-sector weakness and profit-taking. The recent decline from its 52-week high increases the risk that investors will demand continued earnings beats to justify the premium valuation.

Analyst Ratings Changes

A number of research firms recently commented on STX. UBS Group increased their price target on Seagate Technology from $515.00 to $545.00 and gave the company a “neutral” rating in a research report on Wednesday, April 29th. Wells Fargo & Company lifted their price objective on shares of Seagate Technology from $1,100.00 to $1,180.00 and gave the stock an “overweight” rating in a report on Wednesday, July 29th. BNP Paribas Exane upped their target price on shares of Seagate Technology from $530.00 to $860.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 29th. Wedbush increased their target price on shares of Seagate Technology from $825.00 to $1,000.00 and gave the company an “outperform” rating in a report on Wednesday, July 29th. Finally, Sanford C. Bernstein reissued an “outperform” rating and set a $1,350.00 price target on shares of Seagate Technology in a research report on Wednesday, July 29th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, Seagate Technology presently has an average rating of “Moderate Buy” and a consensus price target of $986.00.

Hedge Funds Weigh In On Seagate Technology

Institutional investors have recently bought and sold shares of the company. Rakuten Securities Inc. increased its position in Seagate Technology by 884.2% in the second quarter. Rakuten Securities Inc. now owns 187 shares of the data storage provider’s stock worth $27,000 after buying an additional 168 shares during the last quarter. Concord Wealth Partners bought a new stake in shares of Seagate Technology in the fourth quarter valued at $28,000. Retirement Wealth Solutions LLC lifted its position in shares of Seagate Technology by 70.6% during the 2nd quarter. Retirement Wealth Solutions LLC now owns 29 shares of the data storage provider’s stock valued at $28,000 after buying an additional 12 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC lifted its position in shares of Seagate Technology by 23.1% during the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 80 shares of the data storage provider’s stock valued at $31,000 after buying an additional 15 shares during the last quarter. Finally, Quarry LP bought a new position in shares of Seagate Technology during the 4th quarter worth $31,000. Hedge funds and other institutional investors own 92.87% of the company’s stock.

Seagate Technology Company Profile

Seagate Technology (NASDAQ: STX) is a global data storage company that designs, manufactures and sells a broad range of storage products and systems. The firm’s product portfolio includes traditional hard disk drives (HDDs), solid-state drives (SSDs), hybrid storage devices and integrated storage systems aimed at enterprise, cloud, OEM and consumer markets. Seagate also provides services that support its hardware offerings, including data recovery and storage management solutions.

Seagate’s products are used in a wide array of applications, from large-scale data centers and cloud infrastructure to desktop and portable consumer devices.