Insider Selling: Seagate Technology (NASDAQ:STX) EVP Sells $2,434,742.08 in Stock

Seagate Technology Holdings PLC (NASDAQ:STX) EVP Kian Fatt Chong sold 5,846 shares of the company’s stock in a transaction on Monday, February 23rd. The stock was sold at an average price of $416.48, for a total transaction of $2,434,742.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Seagate Technology Stock Up 6.5%

Seagate Technology stock opened at $421.85 on Thursday. Seagate Technology Holdings PLC has a fifty-two week low of $63.19 and a fifty-two week high of $459.84. The stock has a market cap of $91.99 billion, a PE ratio of 47.72, a price-to-earnings-growth ratio of 0.89 and a beta of 1.62. The firm’s 50-day simple moving average is $355.41 and its 200 day simple moving average is $272.73. The company has a debt-to-equity ratio of 7.63, a quick ratio of 0.72 and a current ratio of 1.12.

Seagate Technology (NASDAQ:STX) last posted its quarterly earnings data on Tuesday, January 27th. The data storage provider reported $3.11 EPS for the quarter, beating the consensus estimate of $2.77 by $0.34. Seagate Technology had a net margin of 19.59% and a negative return on equity of 936.38%. The firm had revenue of $2.83 billion during the quarter, compared to analyst estimates of $2.73 billion. During the same quarter last year, the business posted $2.03 EPS. The company’s revenue for the quarter was up 21.5% on a year-over-year basis. Seagate Technology has set its Q3 2026 guidance at 3.200-3.600 EPS. Research analysts predict that Seagate Technology Holdings PLC will post 6.83 EPS for the current fiscal year.

Seagate Technology Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 8th. Shareholders of record on Wednesday, March 25th will be given a $0.74 dividend. The ex-dividend date of this dividend is Wednesday, March 25th. This represents a $2.96 annualized dividend and a yield of 0.7%. Seagate Technology’s payout ratio is currently 33.48%.

Institutional Trading of Seagate Technology

Hedge funds and other institutional investors have recently modified their holdings of the business. Salomon & Ludwin LLC grew its stake in Seagate Technology by 124.4% in the 4th quarter. Salomon & Ludwin LLC now owns 92 shares of the data storage provider’s stock valued at $27,000 after buying an additional 51 shares in the last quarter. Rakuten Securities Inc. boosted 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 worth $27,000 after acquiring an additional 168 shares during the period. Armstrong Advisory Group Inc. purchased a new position in shares of Seagate Technology in the fourth quarter valued at $28,000. Avion Wealth raised its stake in shares of Seagate Technology by 343.5% during the 4th quarter. Avion Wealth now owns 102 shares of the data storage provider’s stock valued at $28,000 after purchasing an additional 79 shares during the period. Finally, Concord Wealth Partners purchased a new stake in Seagate Technology during the 4th quarter worth about $28,000. Institutional investors own 92.87% of the company’s stock.

Seagate Technology News Summary

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

• Positive Sentiment: Analyst upgrades and rising targets — Several firms have lifted price targets and ratings in recent weeks (Cantor Fitzgerald, Robert W. Baird, Rosenblatt, China Renaissance and others), which supports investor re‑rating and higher expectations for STX. Seagate Stock Is Trading At Premium, Hold For Now
• Positive Sentiment: Data‑center / AI demand case vs. peers — Recent comparisons (Seagate vs. NetApp) highlight that STX is benefiting from AI-driven HDD demand, margin expansion and upward revisions to estimates, giving it stronger momentum than some storage peers. Seagate vs. NetApp: Which Data Storage Stock is the Smarter Buy?
• Positive Sentiment: Zacks/quant momentum — Zacks added STX to a top growth list (Zacks Rank #1), signaling near‑term positive quant sentiment that can attract momentum flows. Seagate vs. NetApp: Which Data Storage Stock is the Smarter Buy? (Zacks)
• Neutral Sentiment: Note exchange reshapes debt mix — Seagate completed an exchange of $600M of exchangeable notes for cash and shares, a capital‑structure tweak that reduces convertible/debt pressure but dilutes equity modestly; viewed as balance‑sheet management rather than transformational. Seagate Note Exchange Reshapes Debt Mix As Valuation Signals Upside Potential
• Neutral Sentiment: Company presentation / industry context — Seagate presented at Bernstein Insights (transcript available) reiterating its positioning in cloud and AI storage; useful for long‑term thesis but not an earnings surprise. Seagate Presents at Bernstein Insights
• Negative Sentiment: Insider selling — An EVP sold ~5,846 shares (~$2.4M), a headline that can create near‑term sentiment drag even if the sale is routine diversification. Kian Fatt Chong Sells 5,846 Shares
• Negative Sentiment: Valuation concerns — Several pieces note Seagate is trading at a premium to historical multiples after the re‑rating to an AI play; some analysts advise caution/hold until growth proves sustainable. Seagate Stock Is Trading At Premium, Hold For Now

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. Sanford C. Bernstein lifted their target price on Seagate Technology from $275.00 to $370.00 and gave the stock an “outperform” rating in a research note on Thursday, November 6th. TD Cowen lifted their price objective on shares of Seagate Technology from $340.00 to $500.00 and gave the stock a “buy” rating in a research report on Wednesday, January 28th. Cantor Fitzgerald increased their target price on shares of Seagate Technology from $500.00 to $650.00 and gave the company an “overweight” rating in a research report on Wednesday, February 4th. Rosenblatt Securities raised their price target on shares of Seagate Technology from $370.00 to $500.00 and gave the stock a “buy” rating in a research note on Wednesday, January 28th. Finally, Jefferies Financial Group reiterated a “hold” rating on shares of Seagate Technology in a research note on Wednesday, February 4th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $447.35.

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.