Seagate Technology (NASDAQ:STX) EVP Ban Seng Teh Sells 20,195 Shares of Stock

Seagate Technology Holdings PLC (NASDAQ:STX) EVP Ban Seng Teh sold 20,195 shares of the company’s stock in a transaction that occurred on Thursday, January 29th. The shares were sold at an average price of $442.29, for a total value of $8,932,046.55. Following the transaction, the executive vice president directly owned 3,092 shares of the company’s stock, valued at $1,367,560.68. This trade represents a 86.72% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

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

• On Monday, January 12th, Ban Seng Teh sold 1,412 shares of Seagate Technology stock. The stock was sold at an average price of $299.31, for a total value of $422,625.72.
• On Wednesday, November 5th, Ban Seng Teh sold 6,000 shares of Seagate Technology stock. The stock was sold at an average price of $270.00, for a total value of $1,620,000.00.

Seagate Technology Price Performance

Shares of NASDAQ STX opened at $432.95 on Tuesday. The company has a debt-to-equity ratio of 7.63, a current ratio of 1.12 and a quick ratio of 0.72. The firm has a market capitalization of $92.46 billion, a PE ratio of 48.98, a P/E/G ratio of 0.94 and a beta of 1.62. Seagate Technology Holdings PLC has a 1-year low of $63.19 and a 1-year high of $457.84. The business’s fifty day moving average price is $308.25 and its two-hundred day moving average price is $241.71.

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

Seagate Technology Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on STX shares. Argus boosted their price target on Seagate Technology from $300.00 to $450.00 and gave the stock a “buy” rating in a research report on Thursday, January 29th. Mizuho upped their price objective on shares of Seagate Technology from $370.00 to $400.00 and gave the stock an “outperform” rating in a report on Tuesday, January 27th. Rosenblatt Securities raised their target price on shares of Seagate Technology from $370.00 to $500.00 and gave the company a “buy” rating in a research note on Wednesday, January 28th. Weiss Ratings restated a “buy (b)” rating on shares of Seagate Technology in a research report on Monday, December 29th. Finally, Exane BNP Paribas upgraded shares of Seagate Technology from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 21st. One research 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. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $417.57.

Hedge Funds Weigh In On Seagate Technology

Several hedge funds have recently made changes to their positions in STX. Sovereign Financial Group Inc. boosted its holdings in Seagate Technology by 3.2% during the fourth quarter. Sovereign Financial Group Inc. now owns 1,063 shares of the data storage provider’s stock worth $293,000 after buying an additional 33 shares in the last quarter. Pallas Capital Advisors LLC lifted its position in shares of Seagate Technology by 0.6% during the 4th quarter. Pallas Capital Advisors LLC now owns 5,446 shares of the data storage provider’s stock valued at $1,500,000 after acquiring an additional 33 shares during the last quarter. Mutual Advisors LLC boosted its stake in shares of Seagate Technology by 3.1% during the 4th quarter. Mutual Advisors LLC now owns 1,213 shares of the data storage provider’s stock worth $334,000 after acquiring an additional 36 shares in the last quarter. West Family Investments Inc. boosted its stake in shares of Seagate Technology by 2.7% during the 3rd quarter. West Family Investments Inc. now owns 1,428 shares of the data storage provider’s stock worth $337,000 after acquiring an additional 37 shares in the last quarter. Finally, Capital Investment Advisors LLC grew its holdings in shares of Seagate Technology by 1.9% in the 4th quarter. Capital Investment Advisors LLC now owns 1,950 shares of the data storage provider’s stock worth $537,000 after acquiring an additional 37 shares during the last quarter. Institutional investors and hedge funds own 92.87% of the company’s stock.

About Seagate Technology

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.