Key Points
- EVP Kian Fatt Chong sold 5,846 shares on Feb. 23 at an average price of $416.48, a transaction totaling $2,434,742.08 disclosed in an SEC filing.
- Seagate reported quarterly EPS of $3.11, beating estimates with revenue up 21.5% year-over-year, and set Q3 2026 guidance of 3.20–3.60 EPS.
- The company declared a quarterly dividend of $0.74 per share (annualized $2.96) with an ex-dividend date of March 25 and a yield around 0.7%.
Seagate Technology Holdings PLC (NASDAQ:STX - Get Free Report) EVP Kian Fatt Chong sold 5,846 shares of the business's stock in a transaction that occurred on Monday, February 23rd. The stock was sold at an average price of $416.48, for a total transaction of $2,434,742.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
Seagate Technology Stock Performance
Shares of STX opened at $407.40 on Tuesday. The company has a market cap of $88.84 billion, a price-to-earnings ratio of 46.09, a P/E/G ratio of 0.92 and a beta of 1.62. The business's fifty day simple moving average is $350.36 and its two-hundred day simple moving average is $269.95. Seagate Technology Holdings PLC has a 12 month low of $63.19 and a 12 month high of $459.84. The company has a current ratio of 1.12, a quick ratio of 0.72 and a debt-to-equity ratio of 7.63.
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 (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 firm had revenue of $2.83 billion for the quarter, compared to the consensus estimate of $2.73 billion. During the same period in the prior year, the company posted $2.03 earnings per share. The company's quarterly 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. Research analysts anticipate that Seagate Technology Holdings PLC will post 6.83 earnings per share for the current fiscal year.
Seagate Technology Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 8th. Stockholders of record on Wednesday, March 25th will be issued a dividend of $0.74 per share. This represents a $2.96 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend is Wednesday, March 25th. Seagate Technology's dividend payout ratio (DPR) is presently 33.48%.
Institutional Investors Weigh In On Seagate Technology
A number of institutional investors have recently bought and sold shares of STX. Vanguard Group Inc. grew its position in shares of Seagate Technology by 1.6% during 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 in the last quarter. State Street Corp boosted its stake in Seagate Technology by 1.0% in the 4th quarter. State Street Corp now owns 9,370,805 shares of the data storage provider's stock worth $2,587,535,000 after purchasing an additional 94,527 shares during the period. Morgan Stanley grew its holdings in Seagate Technology by 5.1% during the 4th quarter. Morgan Stanley now owns 5,317,516 shares of the data storage provider's stock valued at $1,464,391,000 after buying an additional 258,151 shares in the last quarter. WCM Investment Management LLC bought a new stake in shares of Seagate Technology during the third quarter valued at approximately $1,187,621,000. Finally, Geode Capital Management LLC lifted its holdings in shares of Seagate Technology by 5.0% in the fourth quarter. Geode Capital Management LLC now owns 4,896,815 shares of the data storage provider's stock worth $1,343,683,000 after buying an additional 234,436 shares in the last quarter. Hedge funds and other institutional investors own 92.87% of the company's stock.
Analyst Upgrades and Downgrades
A number of research analysts recently weighed in on STX shares. China Renaissance increased their price objective on shares of Seagate Technology from $325.00 to $452.00 and gave the company a "buy" rating in a research report on Thursday, January 15th. Barclays increased their price target on Seagate Technology from $370.00 to $425.00 and gave the company an "equal weight" rating in a report on Wednesday, January 28th. Cantor Fitzgerald raised their price target on Seagate Technology from $500.00 to $650.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 4th. Robert W. Baird upped their price objective on Seagate Technology from $270.00 to $505.00 and gave the company an "outperform" rating in a research report on Thursday, January 29th. Finally, Rosenblatt Securities increased their target price on Seagate Technology from $370.00 to $500.00 and gave the company a "buy" rating in a report on Wednesday, January 28th. One research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and five have given a Hold rating to the company's stock. Based on data from MarketBeat.com, Seagate Technology has an average rating of "Moderate Buy" and an average target price of $447.35.
Get Our Latest Stock Analysis on Seagate Technology
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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