Stephanie Tilenius Sells 2,046 Shares of Seagate Technology (NASDAQ:STX) Stock

Seagate Technology Holdings PLC (NASDAQ:STX) Director Stephanie Tilenius sold 2,046 shares of Seagate Technology stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $266.41, for a total value of $545,074.86. Following the completion of the sale, the director directly owned 12,244 shares of the company’s stock, valued at $3,261,924.04. The trade was a 14.32% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Seagate Technology Stock Performance

STX stock opened at $278.47 on Friday. The company has a market cap of $59.47 billion, a price-to-earnings ratio of 35.75, a P/E/G ratio of 1.17 and a beta of 1.63. The business’s 50-day moving average is $221.80 and its two-hundred day moving average is $162.25. Seagate Technology Holdings PLC has a fifty-two week low of $63.19 and a fifty-two week high of $284.42.

Seagate Technology (NASDAQ:STX) last released its quarterly earnings results on Tuesday, October 28th. The data storage provider reported $2.61 EPS for the quarter, beating the consensus estimate of $2.40 by $0.21. Seagate Technology had a net margin of 17.92% and a negative return on equity of 297.87%. The firm had revenue of $2.63 billion during the quarter, compared to analyst estimates of $2.54 billion. During the same quarter in the prior year, the firm earned $1.58 EPS. The business’s revenue for the quarter was up 21.3% compared to the same quarter last year. Seagate Technology has set its Q2 2026 guidance at 2.550-2.950 EPS. Equities analysts predict that Seagate Technology Holdings PLC will post 6.83 earnings per share for the current year.

Seagate Technology Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 9th. Shareholders of record on Wednesday, December 24th will be given a $0.74 dividend. The ex-dividend date is Wednesday, December 24th. This is a positive change from Seagate Technology’s previous quarterly dividend of $0.72. This represents a $2.96 dividend on an annualized basis and a yield of 1.1%. Seagate Technology’s dividend payout ratio (DPR) is currently 38.00%.

Institutional Investors Weigh In On Seagate Technology

Large investors have recently made changes to their positions in the company. Harbor Asset Planning Inc. bought a new stake in Seagate Technology in the 2nd quarter worth approximately $27,000. Rakuten Securities Inc. grew its holdings in shares of Seagate Technology by 884.2% in the second quarter. Rakuten Securities Inc. now owns 187 shares of the data storage provider’s stock valued at $27,000 after purchasing an additional 168 shares in the last quarter. MTM Investment Management LLC bought a new stake in Seagate Technology in the second quarter worth $29,000. Wayfinding Financial LLC purchased a new stake in Seagate Technology during the first quarter valued at $31,000. Finally, First Horizon Corp bought a new position in Seagate Technology during the third quarter valued at $33,000. 92.87% of the stock is owned by institutional investors.

Analyst Ratings Changes

STX has been the topic of a number of analyst reports. Morgan Stanley lifted their price objective on Seagate Technology from $265.00 to $270.00 and gave the company an “overweight” rating in a research report on Wednesday, October 29th. BNP Paribas Exane lowered their target price on shares of Seagate Technology from $240.00 to $230.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 29th. Bank of America increased their price target on Seagate Technology from $255.00 to $275.00 and gave the stock a “buy” rating in a research note on Wednesday, October 29th. Benchmark boosted their price objective on Seagate Technology from $250.00 to $255.00 and gave the company a “buy” rating in a research report on Wednesday, October 29th. Finally, Sanford C. Bernstein set a $275.00 target price on Seagate Technology and gave the stock an “outperform” rating in a research report on Wednesday, October 29th. Two analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $268.64.

Seagate Technology Company Profile

Seagate Technology Holdings plc provides data storage technology and solutions in Singapore, the United States, the Netherlands, and internationally. It provides mass capacity storage products, including enterprise nearline hard disk drives (HDDs), enterprise nearline solid state drives (SSDs), enterprise nearline systems, video and image HDDs, and network-attached storage drives.