James Ci Lee Sells 673 Shares of Seagate Technology (NASDAQ:STX) Stock

Seagate Technology Holdings PLC (NASDAQ:STX) EVP James Ci Lee sold 673 shares of the business’s stock in a transaction dated Monday, January 26th. The shares were sold at an average price of $348.85, for a total value of $234,776.05. Following the transaction, the executive vice president owned 257 shares in the company, valued at $89,654.45. This represents a 72.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Seagate Technology Price Performance

Shares of STX stock opened at $407.69 on Friday. Seagate Technology Holdings PLC has a 12 month low of $63.19 and a 12 month high of $457.84. The company has a market capitalization of $87.07 billion, a P/E ratio of 46.12, a P/E/G ratio of 1.06 and a beta of 1.60. The stock has a 50 day moving average of $304.66 and a two-hundred day moving average of $238.42. The company has a current ratio of 1.12, a quick ratio of 0.62 and a debt-to-equity ratio of 7.63.

Seagate Technology (NASDAQ:STX) last issued its 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. Seagate Technology had a negative return on equity of 936.38% and a net margin of 19.59%.The business had revenue of $2.83 billion during the quarter, compared to analyst estimates of $2.73 billion. During the same period in the prior year, the company posted $2.03 earnings per share. Seagate Technology’s revenue was up 21.5% on a year-over-year basis. Seagate Technology has set its Q3 2026 guidance at 3.200-3.600 EPS. As a group, equities analysts expect that Seagate Technology Holdings PLC will post 6.83 EPS for the current year.

Seagate Technology Announces Dividend

The firm also recently announced 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. This represents a $2.96 annualized dividend and a dividend yield of 0.7%. The ex-dividend date is Wednesday, March 25th. Seagate Technology’s payout ratio is 33.48%.

Trending Headlines about Seagate Technology

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

• Positive Sentiment: Q2 beat and raised guidance — Seagate topped EPS and revenue expectations and issued stronger Q3 EPS guidance, which is the primary fundamental catalyst for the rally. Seagate Q2 Highlights
• Positive Sentiment: “Sold out through 2026” demand commentary — Management said AI-driven data-center demand has Seagate effectively sold out, supporting revenue visibility and pricing power for nearline HDD capacity. Seagate Sold Out Through 2026
• Positive Sentiment: Earnings-estimate momentum — Analysts have been raising earnings estimates for STX, supporting further upside expectations. Earnings Estimates Rising for Seagate (STX)
• Positive Sentiment: Multiple price-target/rating upgrades — Several brokers (Argus, Citigroup, Evercore, Robert W. Baird, Cantor, etc.) raised targets and/or upgraded ratings after the print, amplifying momentum and institutional flows. Argus Adjusts Price Target on Seagate
• Neutral Sentiment: Dividend maintained — Company declared a quarterly dividend (modest yield ~0.7%); shareholder-friendly but not a primary driver of the move.
• Neutral Sentiment: Mixed analyst views remain — while many houses hiked targets, a subset of major banks still show more conservative targets, indicating differing views on how sustainable the rally and valuations are. Analyst Rating Coverage
• Negative Sentiment: Valuation/overbought warnings — Some commentary flags STX as potentially overbought with premium valuations after the run, which could invite profit-taking or a pullback. Seagate Suffers From AI Success
• Negative Sentiment: Insider sale — An EVP recently sold a small block of shares; while small relative to market cap, insider selling can be read negatively by some investors. SEC Form 4

Institutional Trading of Seagate Technology

Several large investors have recently made changes to their positions in STX. Integrated Wealth Concepts LLC grew its holdings in Seagate Technology by 168.0% during the 1st quarter. Integrated Wealth Concepts LLC now owns 7,177 shares of the data storage provider’s stock worth $610,000 after acquiring an additional 4,499 shares during the last quarter. Sivia Capital Partners LLC acquired a new position in shares of Seagate Technology during the second quarter worth approximately $262,000. Public Employees Retirement System of Ohio acquired a new position in shares of Seagate Technology during the second quarter worth approximately $380,000. Sound Income Strategies LLC grew its stake in shares of Seagate Technology by 143.3% during the second quarter. Sound Income Strategies LLC now owns 1,535 shares of the data storage provider’s stock valued at $222,000 after purchasing an additional 904 shares during the last quarter. Finally, GC Wealth Management RIA LLC acquired a new stake in shares of Seagate Technology in the second quarter valued at approximately $286,000. Institutional investors own 92.87% of the company’s stock.

Wall Street Analyst Weigh In

STX has been the topic of a number of recent research reports. Barclays lifted their price objective on Seagate Technology from $370.00 to $425.00 and gave the company an “equal weight” rating in a report on Wednesday. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Seagate Technology in a research note on Monday, December 29th. Robert W. Baird upped their price target on Seagate Technology from $270.00 to $505.00 and gave the company an “outperform” rating in a research report on Thursday. KeyCorp set a $500.00 price objective on Seagate Technology in a report on Wednesday. Finally, Susquehanna upgraded shares of Seagate Technology from a “negative” rating to a “neutral” rating and boosted their target price for the company from $150.00 to $280.00 in a research note on Friday, January 16th. One analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, Seagate Technology presently has a consensus rating of “Moderate Buy” and an average target price of $417.57.

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.