Key Points
- Insider sale: EVP James Ci Lee sold 673 shares on Jan. 26 for a total of $234,776.05, cutting his stake by 72.37% to 257 shares, as disclosed in an SEC Form 4.
- Strong quarterly print and outlook: Seagate beat Q2 estimates with $3.11 EPS (vs. $2.77) and $2.83B revenue, issued Q3 EPS guidance of $3.20–$3.60 and said demand is effectively sold out through 2026, prompting multiple analyst price-target upgrades and a "Moderate Buy" consensus.
- Dividend and valuation: The company declared a $0.74 quarterly dividend (annualized $2.96, ~0.7% yield) and trades with a market cap around $95.4B and a P/E near 50.5.
Seagate Technology Holdings PLC (NASDAQ:STX - Get Free Report) EVP James Ci Lee sold 673 shares of the business's stock in a transaction on Monday, January 26th. The stock was sold at an average price of $348.85, for a total transaction of $234,776.05. Following the completion of the sale, the executive vice president owned 257 shares in the company, valued at approximately $89,654.45. The trade was a 72.37% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
Seagate Technology Trading Up 0.8%
Shares of Seagate Technology stock opened at $446.57 on Friday. Seagate Technology Holdings PLC has a twelve month low of $63.19 and a twelve month high of $457.84. The company has a quick ratio of 0.62, a current ratio of 1.12 and a debt-to-equity ratio of 7.63. The business has a 50-day moving average price of $301.25 and a 200-day moving average price of $236.62. The firm has a market cap of $95.37 billion, a price-to-earnings ratio of 50.52, a PEG ratio of 1.29 and a beta of 1.60.
Seagate Technology (NASDAQ:STX - Get Free Report) last released its quarterly earnings results on Tuesday, January 27th. The data storage provider reported $3.11 earnings per share for the quarter, beating the consensus estimate of $2.77 by $0.34. The business had revenue of $2.83 billion during the quarter, compared to analysts' expectations of $2.73 billion. Seagate Technology had a negative return on equity of 936.38% and a net margin of 19.59%.The firm's revenue for the quarter was up 21.5% compared to the same quarter last year. During the same quarter last year, the business posted $2.03 EPS. Seagate Technology has set its Q3 2026 guidance at 3.200-3.600 EPS. Equities research analysts anticipate that Seagate Technology Holdings PLC will post 6.83 EPS for the current fiscal 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 dividend of $0.74 per share. 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 is presently 38.00%.
Institutional Trading of Seagate Technology
Several institutional investors and hedge funds have recently made changes to their positions in the business. Aprio Wealth Management LLC bought a new position in shares of Seagate Technology in the fourth quarter worth about $208,000. D.A. Davidson & CO. grew its stake in Seagate Technology by 16.4% in the 4th quarter. D.A. Davidson & CO. now owns 5,111 shares of the data storage provider's stock worth $1,408,000 after acquiring an additional 721 shares in the last quarter. Camelot Portfolios LLC purchased a new position in shares of Seagate Technology during the fourth quarter worth approximately $44,000. Pictet Asset Management Holding SA raised its stake in shares of Seagate Technology by 3.5% during the fourth quarter. Pictet Asset Management Holding SA now owns 133,255 shares of the data storage provider's stock valued at $36,713,000 after acquiring an additional 4,553 shares in the last quarter. Finally, Physician Wealth Advisors Inc. boosted its holdings in shares of Seagate Technology by 30.4% in the fourth quarter. Physician Wealth Advisors Inc. now owns 193 shares of the data storage provider's stock valued at $53,000 after purchasing an additional 45 shares during the period. 92.87% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of brokerages recently commented on STX. KeyCorp set a $500.00 price target on shares of Seagate Technology in a report on Wednesday. Evercore ISI raised their price objective on Seagate Technology from $330.00 to $450.00 and gave the company an "outperform" rating in a research note on Wednesday. Cantor Fitzgerald boosted their target price on Seagate Technology from $400.00 to $500.00 and gave the company an "overweight" rating in a research report on Wednesday. Exane BNP Paribas upgraded Seagate Technology from a "hold" rating to a "strong-buy" rating in a report on Wednesday, January 21st. Finally, China Renaissance lifted their price objective on shares of Seagate Technology from $325.00 to $452.00 and gave the stock a "buy" rating in a research note on Thursday, January 15th. Two analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $411.04.
Read Our Latest Research Report on Seagate Technology
Seagate Technology News Roundup
Here are the key news stories impacting Seagate Technology this week:
- Positive Sentiment: Q2 beat and raised guidance — Seagate reported $3.11 EPS and $2.83B revenue (both above consensus), delivered record margins and issued Q3 EPS guidance of $3.20–$3.60 (above Street estimates); this fundamental beat and stronger outlook are the main catalysts lifting the stock. Seagate Q2 Highlights
- Positive Sentiment: Demand commentary — Management said Seagate is effectively sold out through 2026 as AI-led data-center demand ramps, supporting visibility into revenue and pricing power for nearline capacity. Seagate Sold Out Through 2026
- Positive Sentiment: Large analyst target upgrades — Multiple firms raised price targets and ratings after the print (examples: Robert W. Baird to $505, Cantor/Rosenblatt/TD Cowen to $500+, Evercore to $450 and Citigroup to $460), which likely amplified buying from momentum and institutional flows. Evercore Price Target Update
- Neutral Sentiment: Mixed analyst positioning — Some houses raised targets but a few major banks still have neutral/discounted targets relative to the rally (Goldman/UBS/Barclays still below the intraday highs), signaling differing views on sustainable valuation. Analyst Rating Coverage
- Neutral Sentiment: Dividend maintained — Seagate declared a quarterly dividend (modest yield ~0.7%), a shareholder-friendly item but unlikely to be a primary driver of the share move.
- Negative Sentiment: Insider sale — EVP James Ci Lee sold 673 shares recently, reducing his holdings materially; insider sales can be interpreted negatively by some investors even though the sale size is small relative to the market cap. SEC Form 4
Seagate Technology Company Profile
(
Get Free Report)
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.
Further Reading
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