Seagate Technology (NASDAQ:STX) EVP Sells $1,620,000.00 in Stock

Seagate Technology Holdings PLC (NASDAQ:STX) EVP Ban Seng Teh sold 6,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 5th. The stock was sold at an average price of $270.00, for a total transaction of $1,620,000.00. Following the completion of the transaction, the executive vice president owned 12,041 shares in the company, valued at $3,251,070. This trade represents a 33.26% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

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

• On Monday, October 13th, Ban Seng Teh sold 1,410 shares of Seagate Technology stock. The stock was sold at an average price of $225.56, for a total transaction of $318,039.60.
• On Thursday, September 11th, Ban Seng Teh sold 3,732 shares of Seagate Technology stock. The stock was sold at an average price of $193.30, for a total transaction of $721,395.60.
• On Monday, August 11th, Ban Seng Teh sold 1,724 shares of Seagate Technology stock. The shares were sold at an average price of $151.61, for a total transaction of $261,375.64.

Seagate Technology Trading Up 0.3%

Shares of Seagate Technology stock opened at $279.35 on Friday. The business has a 50-day moving average price of $224.04 and a two-hundred day moving average price of $163.68. Seagate Technology Holdings PLC has a 1-year low of $63.19 and a 1-year high of $284.42. The company has a market cap of $59.66 billion, a P/E ratio of 35.86, a PEG ratio of 1.17 and a beta of 1.63.

Seagate Technology (NASDAQ:STX) last announced its quarterly earnings data on Tuesday, October 28th. The data storage provider reported $2.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.40 by $0.21. Seagate Technology had a negative return on equity of 297.87% and a net margin of 17.92%.The company had revenue of $2.63 billion for the quarter, compared to the consensus estimate of $2.54 billion. During the same period in the previous year, the business earned $1.58 EPS. The firm’s revenue 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 research analysts forecast that Seagate Technology Holdings PLC will post 6.83 EPS for the current fiscal year.

Seagate Technology Increases Dividend

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

Institutional Inflows and Outflows

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

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on STX shares. Argus lifted their price objective on shares of Seagate Technology from $170.00 to $300.00 and gave the company a “strong-buy” rating in a research note on Thursday, October 30th. Mizuho lifted their price target on shares of Seagate Technology from $245.00 to $280.00 and gave the company an “outperform” rating in a research note on Friday, October 17th. Robert W. Baird upped their price objective on shares of Seagate Technology from $188.00 to $270.00 and gave the company an “outperform” rating in a report on Wednesday, October 29th. Cantor Fitzgerald raised their target price on Seagate Technology from $280.00 to $400.00 and gave the company an “overweight” rating in a research note on Thursday. Finally, UBS Group decreased their target price on Seagate Technology from $235.00 to $230.00 and set a “neutral” rating for the company in a research report on Wednesday, October 29th. Two research 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 given a Sell rating to the company. According to data from MarketBeat, Seagate Technology has a consensus rating of “Moderate Buy” and a consensus target price of $272.95.

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.