Key Points
- Seagate EVP Ban Seng Teh sold 20,195 shares on January 29 at an average price of $442.29 for about $8.93 million, trimming his position by 86.72% to 3,092 shares (SEC filing disclosed).
- Seagate beat expectations with Q2 EPS of $3.11 versus $2.77 expected and revenue of $2.83 billion (up 21.5% YoY), set Q3 2026 EPS guidance of $3.20–$3.60, and has seen multiple analyst price-target hikes leaving a consensus "Moderate Buy" (avg target $417.57).
- Dividend and ownership/valuation highlights: Seagate declared a quarterly dividend of $0.74 ($2.96 annualized, ~0.7% yield), has a market cap of ~$92.5 billion and a PE of ~49, and institutional investors own about 92.87% of the stock.
Seagate Technology Holdings PLC (NASDAQ:STX - Get Free Report) Director Jay Geldmacher sold 925 shares of the business's stock in a transaction dated Friday, January 30th. The stock was sold at an average price of $448.02, for a total transaction of $414,418.50. Following the transaction, the director owned 223 shares in the company, valued at $99,908.46. This represents a 80.57% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
Seagate Technology Trading Up 6.2%
Shares of NASDAQ:STX opened at $432.95 on Tuesday. Seagate Technology Holdings PLC has a 52-week low of $63.19 and a 52-week high of $457.84. The company has a debt-to-equity ratio of 7.63, a quick ratio of 0.72 and a current ratio of 1.12. The company has a market capitalization of $92.46 billion, a P/E ratio of 48.98, a price-to-earnings-growth ratio of 0.94 and a beta of 1.62. The company has a 50-day simple moving average of $308.25 and a 200 day simple moving average of $241.71.
Seagate Technology (NASDAQ:STX - Get Free Report) last announced its quarterly earnings results on Tuesday, January 27th. The data storage provider reported $3.11 earnings per share for the quarter, topping 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 firm had revenue of $2.83 billion for the quarter, compared to the consensus estimate of $2.73 billion. During the same quarter in the previous year, the business earned $2.03 earnings per share. The business's revenue was up 21.5% compared to the same quarter last year. Seagate Technology has set its Q3 2026 guidance at 3.200-3.600 EPS. Sell-side analysts forecast that Seagate Technology Holdings PLC will post 6.83 earnings per share for the current year.
Seagate Technology Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 8th. Shareholders of record on Wednesday, March 25th will be issued a dividend of $0.74 per share. The ex-dividend date of this dividend is Wednesday, March 25th. This represents a $2.96 annualized dividend and a yield of 0.7%. Seagate Technology's dividend payout ratio (DPR) is currently 33.48%.
Wall Street Analysts Forecast Growth
Several equities analysts have recently weighed in on the stock. Sanford C. Bernstein increased their price objective on shares of Seagate Technology from $275.00 to $370.00 and gave the company an "outperform" rating in a research report on Thursday, November 6th. Wedbush raised their price objective on shares of Seagate Technology from $290.00 to $380.00 and gave the stock an "outperform" rating in a research report on Friday, January 23rd. Exane BNP Paribas upgraded Seagate Technology from a "hold" rating to a "strong-buy" rating in a report on Wednesday, January 21st. Barclays increased their target price on Seagate Technology from $370.00 to $425.00 and gave the stock an "equal weight" rating in a research note on Wednesday, January 28th. Finally, Cantor Fitzgerald boosted their price target on Seagate Technology from $400.00 to $500.00 and gave the company an "overweight" rating in a research note on Wednesday, January 28th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and five have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $417.57.
Check Out Our Latest Stock Analysis on STX
Hedge Funds Weigh In On Seagate Technology
A number of hedge funds and other institutional investors have recently made changes to their positions in STX. Vanguard Group Inc. grew its holdings in Seagate Technology by 1.6% in the third quarter. Vanguard Group Inc. now owns 28,140,287 shares of the data storage provider's stock worth $6,642,796,000 after purchasing an additional 442,749 shares during the period. State Street Corp boosted its stake in Seagate Technology by 3.1% during the 3rd quarter. State Street Corp now owns 9,276,278 shares of the data storage provider's stock valued at $2,196,420,000 after purchasing an additional 274,913 shares during the last quarter. WCM Investment Management LLC purchased a new position in shares of Seagate Technology during the third quarter valued at approximately $1,187,621,000. Geode Capital Management LLC grew its stake in shares of Seagate Technology by 1.9% in the 2nd quarter. Geode Capital Management LLC now owns 4,567,181 shares of the data storage provider's stock worth $656,066,000 after acquiring an additional 85,660 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its position in Seagate Technology by 1,072.5% in 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 purchasing an additional 2,697,957 shares in the last quarter. 92.87% of the stock is owned by institutional investors and hedge funds.
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.
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