Key Points
- Seagate EVP Ban Seng Teh sold 7,557 shares on May 13 at an average price of $813.45, totaling about $6.15 million. The sale cut his stake by 67.19% and was made under a pre-arranged Rule 10b5-1 plan.
- Seagate recently reported strong quarterly results, beating EPS and revenue estimates with $4.10 EPS and $3.11 billion in revenue. Revenue jumped 44.1% year over year, and the company issued Q4 2026 EPS guidance of 4.8 to 5.2.
- Analysts remain broadly upbeat on STX, with several firms raising price targets on expectations tied to HAMR adoption and AI-driven storage demand. MarketBeat says the stock has a consensus rating of Moderate Buy with a target price of $719.54.
Seagate Technology Holdings PLC (NASDAQ:STX - Get Free Report) EVP Ban Seng Teh sold 7,557 shares of the stock in a transaction on Wednesday, May 13th. The stock was sold at an average price of $813.45, for a total transaction of $6,147,241.65. Following the transaction, the executive vice president owned 3,691 shares in the company, valued at approximately $3,002,443.95. This trade represents a 67.19% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Ban Seng Teh also recently made the following trade(s):
- On Thursday, May 14th, Ban Seng Teh sold 8,003 shares of Seagate Technology stock. The stock was sold at an average price of $817.28, for a total transaction of $6,540,691.84.
Seagate Technology Stock Performance
Shares of STX opened at $804.76 on Friday. The company's fifty day moving average is $517.83 and its 200-day moving average is $390.41. Seagate Technology Holdings PLC has a 12 month low of $103.73 and a 12 month high of $841.31. The firm has a market cap of $180.45 billion, a price-to-earnings ratio of 76.35 and a beta of 1.98. 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 - Get Free Report) last posted its earnings results on Tuesday, April 28th. The data storage provider reported $4.10 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.51 by $0.59. Seagate Technology had a net margin of 21.60% and a return on equity of 1,005.65%. The business had revenue of $3.11 billion for the quarter, compared to analyst estimates of $2.96 billion. During the same period last year, the business posted $1.90 EPS. Seagate Technology's 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. Equities analysts expect that Seagate Technology Holdings PLC will post 14.1 EPS for the current fiscal year.
Seagate Technology Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 7th. Investors of record on Wednesday, June 24th will be paid a $0.74 dividend. The ex-dividend date is Wednesday, June 24th. This represents a $2.96 dividend on an annualized basis and a yield of 0.4%. Seagate Technology's dividend payout ratio (DPR) is presently 28.08%.
Trending Headlines about Seagate Technology
Here are the key news stories impacting Seagate Technology this week:
- Positive Sentiment: Evercore and other analysts raised their price targets on Seagate, citing HAMR adoption, strong AI-related storage demand, and improving growth prospects. Article Title
- Positive Sentiment: Recent coverage highlighted booming AI-led storage demand and strong free cash flow, which supports the case for continued upside in Seagate’s earnings power. Article Title
- Neutral Sentiment: Seagate announced the planned retirement of Lead Independent Director Mike Cannon, a governance change that could raise some questions but does not directly alter the company’s operating outlook. Article Title
- Negative Sentiment: EVP Ban Seng Teh sold a large block of shares under a pre-arranged 10b5-1 plan, which may weigh on sentiment even though the sale was scheduled in advance. Article Title
Institutional Trading of Seagate Technology
A number of hedge funds have recently bought and sold shares of STX. Integrated Wealth Concepts LLC boosted its holdings in Seagate Technology by 168.0% in the 1st quarter. Integrated Wealth Concepts LLC now owns 7,177 shares of the data storage provider's stock valued at $610,000 after purchasing an additional 4,499 shares during the period. Sivia Capital Partners LLC bought a new stake in Seagate Technology in the 2nd quarter valued at $262,000. Cerity Partners LLC boosted its holdings in Seagate Technology by 25.8% in the 2nd quarter. Cerity Partners LLC now owns 36,682 shares of the data storage provider's stock valued at $5,294,000 after purchasing an additional 7,517 shares during the period. Sei Investments Co. boosted its holdings in Seagate Technology by 64.8% in the 2nd quarter. Sei Investments Co. now owns 8,543 shares of the data storage provider's stock valued at $1,233,000 after purchasing an additional 3,358 shares during the period. Finally, The Manufacturers Life Insurance Company boosted its holdings in Seagate Technology by 0.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 127,887 shares of the data storage provider's stock valued at $18,458,000 after purchasing an additional 462 shares during the period. 92.87% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
A number of research analysts recently issued reports on STX shares. Citigroup raised their target price on shares of Seagate Technology from $595.00 to $740.00 and gave the company a "buy" rating in a research note on Wednesday, April 29th. Bank of America raised their target price on shares of Seagate Technology from $700.00 to $840.00 and gave the company a "buy" rating in a research note on Monday, April 27th. JPMorgan Chase & Co. raised their target price on shares of Seagate Technology from $525.00 to $775.00 and gave the company an "overweight" rating in a research note on Wednesday, April 29th. Wells Fargo & Company raised their target price on shares of Seagate Technology from $450.00 to $700.00 and gave the company an "equal weight" rating in a research note on Wednesday, April 29th. Finally, BNP Paribas Exane raised their target price on shares of Seagate Technology from $530.00 to $860.00 and gave the company an "outperform" rating in a research note on Wednesday, April 29th. One research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $719.54.
Read Our Latest Stock Analysis on Seagate Technology
About Seagate Technology
(
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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