Seagate Technology (NASDAQ:STX) CFO Sells $1,109,376.00 in Stock

Seagate Technology Holdings PLC (NASDAQ:STX) CFO Gianluca Romano sold 1,350 shares of the firm’s stock in a transaction that occurred on Wednesday, June 10th. The shares were sold at an average price of $821.76, for a total value of $1,109,376.00. Following the transaction, the chief financial officer owned 41,380 shares of the company’s stock, valued at $34,004,428.80. This represents a 3.16% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Gianluca Romano also recently made the following trade(s):

• On Wednesday, May 6th, Gianluca Romano sold 22,488 shares of Seagate Technology stock. The shares were sold at an average price of $774.22, for a total value of $17,410,659.36.
• On Thursday, May 7th, Gianluca Romano sold 1,902 shares of Seagate Technology stock. The shares were sold at an average price of $770.00, for a total value of $1,464,540.00.

Seagate Technology Price Performance

NASDAQ STX traded up $52.10 during trading on Thursday, hitting $868.09. 2,621,205 shares of the stock traded hands, compared to its average volume of 4,078,229. The company has a market capitalization of $194.65 billion, a P/E ratio of 82.36 and a beta of 2.04. The firm has a 50-day simple moving average of $689.85 and a 200-day simple moving average of $468.16. The company has a quick ratio of 0.85, a current ratio of 1.33 and a debt-to-equity ratio of 3.16. Seagate Technology Holdings PLC has a 12-month low of $124.63 and a 12-month high of $966.80.

Seagate Technology (NASDAQ:STX) last released its quarterly earnings results on Tuesday, April 28th. The data storage provider reported $4.10 earnings per share for the quarter, beating the consensus estimate of $3.51 by $0.59. The business had revenue of $3.11 billion during the quarter, compared to analysts’ expectations of $2.96 billion. Seagate Technology had a return on equity of 1,005.65% and a net margin of 21.60%.The firm’s revenue for the quarter was up 44.1% compared to the same quarter last year. During the same quarter last year, the business posted $1.90 EPS. Seagate Technology has set its Q4 2026 guidance at 4.800-5.200 EPS. As a group, analysts predict that Seagate Technology Holdings PLC will post 14.1 EPS for the current year.

Seagate Technology Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 7th. Stockholders of record on Wednesday, June 24th will be paid a $0.74 dividend. This represents a $2.96 annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend is Wednesday, June 24th. Seagate Technology’s dividend payout ratio (DPR) is presently 28.08%.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on STX. Cantor Fitzgerald raised their price objective on Seagate Technology from $700.00 to $1,000.00 and gave the company an “overweight” rating in a research note on Wednesday, April 29th. Evercore raised their price objective on Seagate Technology from $750.00 to $1,000.00 and gave the company an “outperform” rating in a research note on Tuesday, May 12th. The Goldman Sachs Group raised their price objective on Seagate Technology from $385.00 to $700.00 and gave the company a “buy” rating in a research note on Wednesday, April 29th. Wedbush raised their price objective on Seagate Technology from $700.00 to $825.00 and gave the company an “outperform” rating in a research note on Monday, April 27th. Finally, Barclays raised their price objective on Seagate Technology from $750.00 to $1,000.00 and gave the company an “overweight” rating in a research note on Wednesday, May 27th. One research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $798.50.

Institutional Investors Weigh In On Seagate Technology

A number of institutional investors and hedge funds have recently modified their holdings of STX. PFA Pension Forsikringsaktieselskab purchased a new position in Seagate Technology during the 4th quarter worth $23,882,000. New York State Teachers Retirement System increased its holdings in Seagate Technology by 5.0% during the 4th quarter. New York State Teachers Retirement System now owns 187,044 shares of the data storage provider’s stock worth $51,510,000 after purchasing an additional 8,991 shares during the period. Sumitomo Mitsui Trust Group Inc. increased its holdings in Seagate Technology by 1.2% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 518,806 shares of the data storage provider’s stock worth $142,874,000 after purchasing an additional 6,028 shares during the period. Praxis Investment Management Inc. increased its holdings in Seagate Technology by 56.5% during the 4th quarter. Praxis Investment Management Inc. now owns 6,615 shares of the data storage provider’s stock worth $1,822,000 after purchasing an additional 2,389 shares during the period. Finally, Keystone Investors PTE Ltd. increased its holdings in Seagate Technology by 55.7% during the 3rd quarter. Keystone Investors PTE Ltd. now owns 50,321 shares of the data storage provider’s stock worth $11,879,000 after purchasing an additional 18,000 shares during the period. 92.87% of the stock is owned by institutional investors.

Key Headlines Impacting Seagate Technology

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

• Positive Sentiment: JPMorgan Chase & Co. raised its price target on Seagate to $920 from $775 and kept an Overweight rating, implying additional upside from recent levels. MarketScreener
• Positive Sentiment: BofA Securities also lifted its Seagate price target to $900 from $840 and reiterated a Buy rating, reinforcing the bullish analyst trend around the name. Yahoo Finance
• Positive Sentiment: Mizuho increased its price target to $1,090, citing AI growth potential and longer-term upside from Seagate’s storage technology strategy. MSN
• Positive Sentiment: Several recent articles highlight Seagate as a beneficiary of unprecedented AI-driven storage demand, with investors focusing on its Mozaic/HAMR technology and improving earnings outlook. Yahoo Finance
• Neutral Sentiment: Brokerage consensus remains constructive, with Seagate carrying a Moderate Buy recommendation overall. American Banking News
• Negative Sentiment: Some trading weakness was linked to broader market pressure after hotter-than-expected CPI data revived rate-hike concerns, weighing on semiconductors and related tech stocks. Yahoo Finance
• Negative Sentiment: One market note also flagged valuation risk after Seagate’s sharp run-up, suggesting investors may be balancing strong fundamentals against a stretched share price. Zacks

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.