Seagate Technology (NASDAQ:STX) EVP Ban Seng Teh Sells 52,730 Shares

Seagate Technology Holdings PLC (NASDAQ:STX) EVP Ban Teh sold 52,730 shares of the firm’s stock in a transaction on Tuesday, September 15th. The stock was sold at an average price of $782.08, for a total value of $41,239,078.40. Following the completion of the transaction, the executive vice president owned 5,810 shares of the company’s stock, valued at $4,543,884.80. This trade represents a 90.08% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Monday, September 14th, Ban Teh sold 989 shares of Seagate Technology stock. The shares were sold at an average price of $779.00, for a total value of $770,431.00.
• On Thursday, September 10th, Ban Teh sold 663 shares of Seagate Technology stock. The shares were sold at an average price of $860.09, for a total value of $570,239.67.
• On Thursday, August 20th, Ban 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 Friday, August 21st, Ban Teh sold 9,862 shares of Seagate Technology stock. The shares were sold at an average price of $852.97, for a total transaction of $8,411,990.14.
• On Thursday, August 13th, Ban Teh sold 7,361 shares of Seagate Technology stock. The stock was sold at an average price of $920.80, for a total transaction of $6,778,008.80.

Seagate Technology Trading Up 1.5%

Shares of Seagate Technology stock opened at $783.18 on Thursday. The stock has a market cap of $178.09 billion, a PE ratio of 56.43 and a beta of 2.06. The firm has a fifty day moving average price of $844.88 and a 200 day moving average price of $735.67. Seagate Technology Holdings PLC has a 1 year low of $206.26 and a 1 year high of $1,145.00. 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 (NASDAQ:STX) last posted its quarterly earnings results on Tuesday, July 28th. The data storage provider reported $5.71 EPS for the quarter, beating the consensus estimate of $5.10 by $0.61. The company had revenue of $3.63 billion for the quarter, compared to analyst estimates of $3.50 billion. Seagate Technology had a net margin of 26.11% and a return on equity of 369.98%. The firm’s revenue was up 48.5% on a year-over-year basis. During the same period in the prior year, the company earned $2.59 earnings per share. Seagate Technology has set its Q1 2027 guidance at 7.100-7.500 EPS. Equities research analysts predict that Seagate Technology Holdings PLC will post 35.7 earnings per share for the current year.

Seagate Technology Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 7th. Investors of record on Thursday, September 24th will be issued a dividend of $0.74 per share. This represents a $2.96 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend is Thursday, September 24th. Seagate Technology’s dividend payout ratio (DPR) is 21.33%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on STX shares. Fox Advisors cut shares of Seagate Technology from an “overweight” rating to an “equal weight” rating in a research note on Monday, June 22nd. Rosenblatt Securities boosted their target price on shares of Seagate Technology from $1,300.00 to $1,400.00 and gave the company a “buy” rating in a research note on Wednesday, July 29th. TD Cowen raised their price target on shares of Seagate Technology from $850.00 to $1,000.00 and gave the company a “buy” rating in a research report on Wednesday, July 29th. Wedbush lifted their price objective 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, Melius Research started coverage on shares of Seagate Technology in a research report on Monday, June 29th. They issued a “buy” rating and a $1,600.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, Seagate Technology presently has a consensus rating of “Moderate Buy” and a consensus price target of $986.00.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Bouchey Financial Group Ltd. acquired a new position in Seagate Technology during the second quarter worth $377,000. Miramontes Capital LLC acquired a new stake in shares of Seagate Technology in the second quarter valued at about $335,000. IPG Investment Advisors LLC grew its position in shares of Seagate Technology by 16.0% in the second quarter. IPG Investment Advisors LLC now owns 1,032 shares of the data storage provider’s stock valued at $997,000 after purchasing an additional 142 shares during the period. MCF Advisors LLC increased its stake in shares of Seagate Technology by 97.1% during the second quarter. MCF Advisors LLC now owns 203 shares of the data storage provider’s stock worth $196,000 after purchasing an additional 100 shares in the last quarter. Finally, Lotus Asset Management LLC acquired a new position in shares of Seagate Technology during the 2nd quarter worth about $676,000. 92.87% of the stock is owned by institutional investors and hedge funds.

More Seagate Technology News

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

• Positive Sentiment: Seagate remains positioned to benefit from AI-driven growth in data-center storage. Fidelity investment commentary describes the company as a primary beneficiary of rising hard-disk-drive demand, supported by strong nearline storage requirements and hyperscale customers. AI-driven HDD demand article
• Positive Sentiment: The company’s latest reported quarter showed revenue growth of 48.5% year over year, with earnings of $5.71 per share exceeding the $5.10 consensus estimate. Management also issued fiscal first-quarter 2027 EPS guidance of $7.10 to $7.50, reinforcing the earnings-growth narrative. Seagate earnings article
• Neutral Sentiment: Analysts remain broadly bullish, with a consensus “Moderate Buy” rating and an average price target of $986. However, coverage also warns that expectations for AI-storage growth may already be reflected in STX’s elevated valuation, increasing the risk of profit-taking. Seagate valuation article
• Negative Sentiment: CEO William Mosley, CFO Gianluca Romano and EVPs John Morris and Ban Teh collectively reported substantial stock sales on September 15. Several transactions sharply reduced their holdings, although the filings state that the sales were made under pre-arranged Rule 10b5-1 plans or to cover tax withholding on vested equity awards. Seagate insider sale filing
• Negative Sentiment: STX has also been affected by a wider technology selloff after prominent AI executives called for a slower, more cautious pace of frontier-model development. That development has pressured AI-exposed storage and semiconductor stocks, even though it does not directly change Seagate’s current earnings outlook. Broader AI technology selloff article

About Seagate Technology

Seagate Technology Holdings plc is a data storage technology company that develops and manufactures mass-capacity storage solutions for businesses and consumers. Its product portfolio is centered on hard disk drives (HDDs), which are used in cloud data centers, enterprise systems, network-attached storage, video and imaging applications, and personal computing.

The company also offers solid-state drives (SSDs), external storage products, storage systems, and related data-management and recovery services.