Seagate Technology (NASDAQ:STX) Director Sells $929,880.00 in Stock

Seagate Technology Holdings PLC (NASDAQ:STX) Director Prat Bhatt sold 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $929.88, for a total value of $929,880.00. Following the completion of the transaction, the director owned 12,869 shares of the company’s stock, valued at approximately $11,966,625.72. This represents a 7.21% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Seagate Technology Stock Down 1.6%

NASDAQ STX opened at $925.99 on Friday. The stock has a market cap of $207.63 billion, a PE ratio of 87.85 and a beta of 2.04. Seagate Technology Holdings PLC has a fifty-two week low of $124.63 and a fifty-two week high of $966.80. The business has a 50 day moving average price of $652.82 and a two-hundred day moving average price of $451.46. 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 (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, topping analysts’ consensus estimates of $3.51 by $0.59. Seagate Technology had a return on equity of 1,005.65% and a net margin of 21.60%.The firm had revenue of $3.11 billion during the quarter, compared to analysts’ expectations of $2.96 billion. During the same quarter in the prior year, the business earned $1.90 EPS. Seagate Technology’s quarterly revenue was up 44.1% compared to the same quarter last year. Seagate Technology has set its Q4 2026 guidance at 4.800-5.200 EPS. As a group, sell-side analysts predict that Seagate Technology Holdings PLC will post 14.1 EPS for the current fiscal year.

Seagate Technology Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 7th. Shareholders of record on Wednesday, June 24th will be given a $0.74 dividend. This represents a $2.96 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend is Wednesday, June 24th. Seagate Technology’s dividend payout ratio is presently 28.08%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on STX. Bank of America upped their target price on Seagate Technology from $840.00 to $900.00 and gave the company a “buy” rating in a research report on Tuesday, May 26th. Argus upped their target price on Seagate Technology from $450.00 to $750.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. Susquehanna upped their target price on Seagate Technology from $485.00 to $615.00 and gave the company a “neutral” rating in a research report on Wednesday, April 29th. Evercore upped their target price on Seagate Technology from $750.00 to $1,000.00 and gave the company an “outperform” rating in a research report on Tuesday, May 12th. Finally, BNP Paribas Exane upped their target price on Seagate Technology from $530.00 to $860.00 and gave the company an “outperform” rating in a research report on Wednesday, April 29th. One analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $772.04.

Seagate Technology News Summary

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

• Positive Sentiment: Analysts continue to view Seagate as a beneficiary of the AI data-center buildout, with recent coverage naming STX among growth stocks helped by massive infrastructure spending. Buy These 5 Growth Stocks in June Amid Massive AI Infrastructure Boost
• Positive Sentiment: Seagate has also been highlighted as a stock hitting record levels and extending a strong rally, reinforcing momentum-driven buying interest. Data Storage Name Could See More Records
• Positive Sentiment: Wall Street sentiment remains constructive, with multiple recent analyst upgrades and price-target increases signaling expectations for further upside in Seagate shares.
• Neutral Sentiment: Seagate’s recent conference presentation kept the company in the spotlight, but no major new operating guidance was disclosed in the article list provided. Seagate Technology Holdings plc Presents at Bank of America 2026 Global Technology Conference Transcript
• Negative Sentiment: Director Shankar Arumugavelu sold 1,000 shares, and earlier insider sales by other directors may temper enthusiasm, even though these transactions do not necessarily signal a change in fundamentals.
• Negative Sentiment: News of Seagate’s $175 million settlement over Huawei-related claims could keep legal and compliance risk in focus for investors, despite reducing some uncertainty. Seagate Settlement Over Huawei Sales Reframes Risks For Soaring Stock Narrative

Institutional Investors Weigh In On Seagate Technology

A number of institutional investors have recently made changes to their positions in STX. WCM Investment Management LLC bought a new position in Seagate Technology during the 3rd quarter worth $1,187,621,000. Arrowstreet Capital Limited Partnership grew its stake in Seagate Technology by 1,072.5% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 2,949,512 shares of the data storage provider’s stock worth $696,262,000 after buying an additional 2,697,957 shares during the last quarter. Massachusetts Financial Services Co. MA grew its stake in Seagate Technology by 1,510.1% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 2,008,516 shares of the data storage provider’s stock worth $553,125,000 after buying an additional 1,883,769 shares during the last quarter. Norges Bank bought a new position in Seagate Technology during the 4th quarter worth $498,363,000. Finally, Soroban Capital Partners LP grew its stake in Seagate Technology by 1,468.1% during the 2nd quarter. Soroban Capital Partners LP now owns 1,417,600 shares of the data storage provider’s stock worth $204,602,000 after buying an additional 1,327,197 shares during the last quarter. 92.87% of the stock is currently owned by institutional investors.

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.