Seagate Technology (NASDAQ:STX) EVP Sells $318,039.60 in Stock

Seagate Technology Holdings PLC (NASDAQ:STX) EVP Ban Seng Teh sold 1,410 shares of the company’s stock in a transaction on Monday, October 13th. The stock was sold at an average price of $225.56, for a total transaction of $318,039.60. Following the transaction, the executive vice president owned 18,041 shares of the company’s stock, valued at $4,069,327.96. This represents a 7.25% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

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

• On Thursday, September 11th, Ban Seng Teh sold 3,732 shares of Seagate Technology stock. The stock was sold at an average price of $193.30, for a total transaction of $721,395.60.
• On Monday, August 11th, Ban Seng Teh sold 1,724 shares of Seagate Technology stock. The stock was sold at an average price of $151.61, for a total transaction of $261,375.64.
• On Friday, August 1st, Ban Seng Teh sold 5,905 shares of Seagate Technology stock. The stock was sold at an average price of $155.00, for a total transaction of $915,275.00.

Seagate Technology Stock Performance

NASDAQ:STX opened at $225.40 on Friday. The company has a fifty day moving average of $198.09 and a two-hundred day moving average of $145.03. The stock has a market capitalization of $48.00 billion, a PE ratio of 33.29, a P/E/G ratio of 1.01 and a beta of 1.63. Seagate Technology Holdings PLC has a fifty-two week low of $63.19 and a fifty-two week high of $264.83.

Seagate Technology (NASDAQ:STX) last posted its quarterly earnings data on Tuesday, July 29th. The data storage provider reported $2.59 earnings per share for the quarter, topping analysts’ consensus estimates of $2.45 by $0.14. The company had revenue of $2.44 billion during the quarter, compared to analysts’ expectations of $2.40 billion. Seagate Technology had a net margin of 16.15% and a negative return on equity of 169.60%. The firm’s revenue for the quarter was up 29.5% on a year-over-year basis. During the same period in the prior year, the business posted $1.05 earnings per share. Seagate Technology has set its Q1 2026 guidance at 2.100-2.500 EPS. Research analysts forecast that Seagate Technology Holdings PLC will post 6.83 earnings per share for the current year.

Seagate Technology Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 9th. Stockholders of record on Tuesday, September 30th were given a $0.72 dividend. This represents a $2.88 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date was Tuesday, September 30th. Seagate Technology’s dividend payout ratio is 42.54%.

Wall Street Analysts Forecast Growth

STX has been the subject of a number of recent research reports. Benchmark increased their target price on shares of Seagate Technology from $165.00 to $250.00 and gave the company a “buy” rating in a research report on Tuesday, September 16th. Wells Fargo & Company increased their target price on shares of Seagate Technology from $160.00 to $240.00 and gave the company an “equal weight” rating in a research report on Monday, October 13th. Zacks Research upgraded shares of Seagate Technology from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 2nd. Mizuho increased their target price on shares of Seagate Technology from $245.00 to $280.00 and gave the company an “outperform” rating in a research report on Friday. Finally, Evercore ISI increased their target price on shares of Seagate Technology from $160.00 to $330.00 and gave the company an “outperform” rating in a research report on Monday, October 13th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $229.40.

Institutional Investors Weigh In On Seagate Technology

Hedge funds and other institutional investors have recently bought and sold shares of the company. Personal CFO Solutions LLC acquired a new stake in Seagate Technology during the first quarter worth about $223,000. Amalgamated Bank boosted its stake in Seagate Technology by 0.8% during the first quarter. Amalgamated Bank now owns 29,964 shares of the data storage provider’s stock worth $2,545,000 after buying an additional 243 shares during the period. Retirement Planning Co of New England Inc. purchased a new position in Seagate Technology during the first quarter worth about $272,000. Alps Advisors Inc. boosted its stake in Seagate Technology by 10.2% during the first quarter. Alps Advisors Inc. now owns 278,831 shares of the data storage provider’s stock worth $23,687,000 after buying an additional 25,817 shares during the period. Finally, FARMERS & MERCHANTS TRUST Co OF LONG BEACH purchased a new position in Seagate Technology during the second quarter worth about $322,000. 92.87% of the stock is currently owned by institutional investors and hedge funds.

Seagate Technology Company Profile

Seagate Technology Holdings plc provides data storage technology and solutions in Singapore, the United States, the Netherlands, and internationally. It provides mass capacity storage products, including enterprise nearline hard disk drives (HDDs), enterprise nearline solid state drives (SSDs), enterprise nearline systems, video and image HDDs, and network-attached storage drives.