Seagate Technology (NASDAQ:STX) EVP Kian Fatt Chong Sells 5,846 Shares

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

Seagate Technology Stock Performance

Seagate Technology stock opened at $407.40 on Tuesday. The company has a current ratio of 1.12, a quick ratio of 0.72 and a debt-to-equity ratio of 7.63. The firm has a market cap of $88.84 billion, a P/E ratio of 46.09, a P/E/G ratio of 0.92 and a beta of 1.62. Seagate Technology Holdings PLC has a 1-year low of $63.19 and a 1-year high of $459.84. The firm has a 50-day moving average of $350.36 and a 200-day moving average of $269.95.

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, beating analysts’ consensus estimates 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 negative return on equity of 936.38% and a net margin of 19.59%.Seagate Technology’s quarterly revenue was up 21.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.03 EPS. Seagate Technology has set its Q3 2026 guidance at 3.200-3.600 EPS. Sell-side analysts expect that Seagate Technology Holdings PLC will post 6.83 EPS for the current year.

Seagate Technology Dividend Announcement

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

Analyst Upgrades and Downgrades

Several research firms have recently commented on STX. Rosenblatt Securities raised their target price on shares of Seagate Technology from $370.00 to $500.00 and gave the stock a “buy” rating in a research report on Wednesday, January 28th. The Goldman Sachs Group increased their price target on shares of Seagate Technology from $310.00 to $385.00 and gave the stock a “buy” rating in a research note on Wednesday, January 28th. Zacks Research raised Seagate Technology from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 17th. Morgan Stanley increased their target price on Seagate Technology from $337.00 to $372.00 and gave the stock an “overweight” rating in a research report on Thursday, January 22nd. Finally, Wedbush raised their target price on Seagate Technology from $290.00 to $380.00 and gave the company an “outperform” rating in a research note on Friday, January 23rd. One analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $447.35.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in STX. Salomon & Ludwin LLC grew its stake in shares of Seagate Technology by 124.4% in the fourth quarter. Salomon & Ludwin LLC now owns 92 shares of the data storage provider’s stock worth $27,000 after acquiring an additional 51 shares during the last quarter. Armstrong Advisory Group Inc. bought a new position in Seagate Technology in the 4th quarter worth about $28,000. Concord Wealth Partners purchased a new stake in Seagate Technology during the 4th quarter valued at about $28,000. Avion Wealth grew its position in 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 last quarter. Finally, Quarry LP bought a new stake in Seagate Technology during the 4th quarter valued at about $31,000. 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.