Seagate Technology (NASDAQ:STX) Director Jay Geldmacher Sells 925 Shares

Seagate Technology Holdings PLC (NASDAQ:STX) Director Jay Geldmacher sold 925 shares of the stock in a transaction on Friday, January 30th. The stock was sold at an average price of $448.02, for a total value of $414,418.50. Following the sale, the director owned 223 shares in the company, valued at $99,908.46. The trade was a 80.57% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Seagate Technology Stock Performance

Seagate Technology stock opened at $432.95 on Tuesday. The stock has a 50-day simple moving average of $308.25 and a 200 day simple moving average of $241.71. The stock has a market capitalization of $92.46 billion, a price-to-earnings ratio of 48.98, a P/E/G ratio of 0.94 and a beta of 1.62. The company has a quick ratio of 0.72, a current ratio of 1.12 and a debt-to-equity ratio of 7.63. Seagate Technology Holdings PLC has a 12-month low of $63.19 and a 12-month high of $457.84.

Seagate Technology (NASDAQ:STX) last posted its quarterly earnings data on Tuesday, January 27th. The data storage provider reported $3.11 earnings per share 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 analysts’ expectations of $2.73 billion. During the same quarter last year, the company posted $2.03 EPS. The company’s quarterly revenue was up 21.5% compared to the same quarter last year. Seagate Technology has set its Q3 2026 guidance at 3.200-3.600 EPS. On average, research analysts anticipate that Seagate Technology Holdings PLC will post 6.83 earnings per share for the current fiscal year.

Seagate Technology Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Argus raised their target price on Seagate Technology from $300.00 to $450.00 and gave the stock a “buy” rating in a report on Thursday, January 29th. Bank of America lifted their price objective on shares of Seagate Technology from $320.00 to $400.00 and gave the stock a “buy” rating in a research note on Tuesday, January 20th. Wedbush upped their target price on shares of Seagate Technology from $290.00 to $380.00 and gave the company an “outperform” rating in a research note on Friday, January 23rd. Sanford C. Bernstein increased their target price on shares of Seagate Technology from $275.00 to $370.00 and gave the stock an “outperform” rating in a report on Thursday, November 6th. Finally, Zacks Research lowered shares of Seagate Technology from a “strong-buy” rating to a “hold” rating in a report on Monday, January 19th. One research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, Seagate Technology presently has an average rating of “Moderate Buy” and a consensus price target of $417.57.

Hedge Funds Weigh In On Seagate Technology

Several hedge funds have recently modified their holdings of STX. Principal Financial Group Inc. raised its holdings in Seagate Technology by 5.8% during the fourth quarter. Principal Financial Group Inc. now owns 242,898 shares of the data storage provider’s stock worth $66,892,000 after acquiring an additional 13,304 shares in the last quarter. Allegheny Financial Group acquired a new position in shares of Seagate Technology during the 4th quarter worth approximately $220,000. Cerro Pacific Wealth Advisors LLC raised its stake in shares of Seagate Technology by 1.4% during the 4th quarter. Cerro Pacific Wealth Advisors LLC now owns 9,028 shares of the data storage provider’s stock worth $2,486,000 after purchasing an additional 127 shares in the last quarter. QRG Capital Management Inc. boosted its holdings in shares of Seagate Technology by 583.7% in the 4th quarter. QRG Capital Management Inc. now owns 35,650 shares of the data storage provider’s stock valued at $9,818,000 after buying an additional 30,436 shares during the last quarter. Finally, Pinnacle Wealth Management Advisory Group LLC grew its stake in shares of Seagate Technology by 8.9% in the fourth quarter. Pinnacle Wealth Management Advisory Group LLC now owns 2,014 shares of the data storage provider’s stock valued at $555,000 after buying an additional 164 shares in the last quarter. 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.