Key Points
- Insider sale: Seagate Technology director Shankar Arumugavelu sold 1,000 shares on June 4 at an average price of $927.68, totaling about $927,680. After the sale, he still held 6,626 shares, reducing his ownership by 13.11%.
- Strong quarterly results: Seagate recently reported EPS of $4.10 and revenue of $3.11 billion, both ahead of analyst expectations. Revenue rose 44.1% year over year, and the company issued Q4 2026 guidance of $4.80 to $5.20 EPS.
- Analyst and dividend updates: Analysts have mostly positive views, with the stock carrying a consensus rating of “Moderate Buy” and an average price target of $772.04. Seagate also announced a quarterly dividend of $0.74 per share, payable July 7.
Seagate Technology Holdings PLC (NASDAQ:STX - Get Free Report) Director Shankar Arumugavelu sold 1,000 shares of Seagate Technology stock in a transaction that occurred on Thursday, June 4th. The stock was sold at an average price of $927.68, for a total value of $927,680.00. Following the completion of the transaction, the director directly owned 6,626 shares in the company, valued at approximately $6,146,807.68. This represents a 13.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Seagate Technology Price Performance
Seagate Technology stock opened at $925.99 on Friday. The stock's 50 day moving average is $652.82 and its 200 day moving average is $451.46. The company has a debt-to-equity ratio of 3.16, a current ratio of 1.33 and a quick ratio of 0.85. The firm has a market cap of $207.63 billion, a P/E ratio of 87.85 and a beta of 2.04. Seagate Technology Holdings PLC has a one year low of $124.63 and a one year high of $966.80.
Seagate Technology (NASDAQ:STX - Get Free Report) last posted its quarterly earnings data on Tuesday, April 28th. The data storage provider reported $4.10 EPS for the quarter, topping analysts' consensus estimates of $3.51 by $0.59. The company had revenue of $3.11 billion for the quarter, compared to analyst estimates of $2.96 billion. Seagate Technology had a return on equity of 1,005.65% and a net margin of 21.60%.The firm's quarterly revenue was up 44.1% on a year-over-year basis. During the same period in the previous year, the firm earned $1.90 earnings per share. Seagate Technology has set its Q4 2026 guidance at 4.800-5.200 EPS. As a group, research analysts expect that Seagate Technology Holdings PLC will post 14.1 EPS for the current year.
Seagate Technology Announces Dividend
The business also recently disclosed 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. 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 payout ratio is currently 28.08%.
Analysts Set New Price Targets
A number of equities analysts recently commented on the company. Cantor Fitzgerald lifted their price objective on Seagate Technology from $700.00 to $1,000.00 and gave the stock an "overweight" rating in a research note on Wednesday, April 29th. Wells Fargo & Company lifted their price objective on Seagate Technology from $700.00 to $900.00 and gave the stock an "equal weight" rating in a research note on Monday. Zacks Research raised Seagate Technology from a "hold" rating to a "strong-buy" rating in a research note on Friday, May 1st. UBS Group lifted their price objective on Seagate Technology from $515.00 to $545.00 and gave the stock a "neutral" rating in a research note on Wednesday, April 29th. Finally, Wall Street Zen raised Seagate Technology from a "hold" rating to a "buy" rating in a research note on Saturday, May 2nd. One research 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's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $772.04.
View Our Latest Stock Analysis on Seagate Technology
Institutional Investors Weigh In On Seagate Technology
A number of hedge funds have recently added to or reduced their stakes in STX. Integrated Wealth Concepts LLC increased its holdings in Seagate Technology by 168.0% in the first quarter. Integrated Wealth Concepts LLC now owns 7,177 shares of the data storage provider's stock worth $610,000 after purchasing an additional 4,499 shares in the last quarter. Sivia Capital Partners LLC bought a new stake in Seagate Technology in the second quarter worth approximately $262,000. Cerity Partners LLC increased its holdings in Seagate Technology by 25.8% in the second quarter. Cerity Partners LLC now owns 36,682 shares of the data storage provider's stock worth $5,294,000 after purchasing an additional 7,517 shares in the last quarter. Sei Investments Co. increased its holdings in shares of Seagate Technology by 64.8% during the second quarter. Sei Investments Co. now owns 8,543 shares of the data storage provider's stock valued at $1,233,000 after acquiring an additional 3,358 shares in the last quarter. Finally, The Manufacturers Life Insurance Company increased its holdings in shares of Seagate Technology by 0.4% during the second quarter. The Manufacturers Life Insurance Company now owns 127,887 shares of the data storage provider's stock valued at $18,458,000 after acquiring an additional 462 shares in the last quarter. 92.87% of the stock is currently owned by institutional investors.
Seagate Technology Company Profile
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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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