Seagate Technology Holdings PLC (NASDAQ:STX - Get Free Report) CFO Gianluca Romano sold 903 shares of the business's stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $880.19, for a total transaction of $794,811.57. Following the sale, the chief financial officer directly owned 42,860 shares of the company's stock, valued at approximately $37,724,943.40. This trade represents a 2.06% 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.
Gianluca Romano also recently made the following trade(s):
- On Wednesday, June 10th, Gianluca Romano sold 1,350 shares of Seagate Technology stock. The stock was sold at an average price of $821.76, for a total transaction of $1,109,376.00.
- On Wednesday, May 6th, Gianluca Romano sold 22,488 shares of Seagate Technology stock. The stock was sold at an average price of $774.22, for a total transaction of $17,410,659.36.
- On Thursday, May 7th, Gianluca Romano sold 1,902 shares of Seagate Technology stock. The stock was sold at an average price of $770.00, for a total transaction of $1,464,540.00.
Seagate Technology Trading Up 9.4%
STX opened at $1,018.80 on Tuesday. 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 company has a market cap of $228.45 billion, a price-to-earnings ratio of 96.66 and a beta of 2.04. The firm has a 50 day simple moving average of $721.33 and a 200 day simple moving average of $482.71. Seagate Technology Holdings PLC has a fifty-two week low of $127.61 and a fifty-two week high of $1,032.52.
Seagate Technology (NASDAQ:STX - Get Free Report) last posted its quarterly earnings results on Tuesday, April 28th. The data storage provider reported $4.10 earnings per share for the quarter, topping 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 during the quarter, compared to the consensus estimate of $2.96 billion. During the same period in the previous year, the firm posted $1.90 earnings per share. Seagate Technology's revenue for the quarter 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. On average, sell-side analysts anticipate that Seagate Technology Holdings PLC will post 14.14 earnings per share for the current year.
Seagate Technology Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 7th. Shareholders of record on Wednesday, June 24th will be paid a $0.74 dividend. This represents a $2.96 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend is Wednesday, June 24th. Seagate Technology's dividend payout ratio is presently 28.08%.
Key Seagate Technology News
Here are the key news stories impacting Seagate Technology this week:
- Positive Sentiment: Morgan Stanley raised its price target on Seagate Technology (STX) to $1,035 from $767 and reiterated an Overweight rating, citing improving HDD pricing and expectations that supply shortages could last through at least 2028. Benzinga reference
- Positive Sentiment: Several market reports highlighted Seagate as a beneficiary of stronger AI/data-center storage demand, with tech and memory stocks broadly gaining on optimism around the sector. Yahoo Finance reference
- Positive Sentiment: Seagate also received fresh support from “growth stock” and “AI memory/storage” articles that framed STX as an attractive way to play tightening supply and rising infrastructure spending. Zacks reference
- Neutral Sentiment: Seagate disclosed multiple insider sales on June 12, including CEO William D. Mosley and executives Gianluca Romano, Ban Seng Teh, and John Christopher Morris. The sales were sizable in dollar terms, but several were made under pre-arranged trading plans and do not necessarily signal a change in fundamentals.
- Neutral Sentiment: Seagate redeemed its 3.50% exchangeable senior notes due 2028, removing roughly $150.7 million of debt and improving balance-sheet flexibility. Yahoo Finance reference
Institutional Investors Weigh In On Seagate Technology
Several large investors have recently made changes to their positions in STX. Integrated Wealth Concepts LLC increased its position in shares of Seagate Technology by 168.0% during the first quarter. Integrated Wealth Concepts LLC now owns 7,177 shares of the data storage provider's stock worth $610,000 after acquiring an additional 4,499 shares in the last quarter. Sivia Capital Partners LLC bought a new stake in shares of Seagate Technology during the second quarter worth $262,000. Cerity Partners LLC increased its position in shares of Seagate Technology by 25.8% during the second quarter. Cerity Partners LLC now owns 36,682 shares of the data storage provider's stock worth $5,294,000 after acquiring an additional 7,517 shares in the last quarter. Sei Investments Co. increased its position 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 worth $1,233,000 after acquiring an additional 3,358 shares in the last quarter. Finally, The Manufacturers Life Insurance Company increased its position 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 worth $18,458,000 after acquiring an additional 462 shares in the last quarter. Institutional investors own 92.87% of the company's stock.
Wall Street Analysts Forecast Growth
STX has been the subject of several recent analyst reports. Rosenblatt Securities upped their target price on shares of Seagate Technology from $500.00 to $1,000.00 and gave the company a "buy" rating in a research note on Wednesday, April 29th. Sanford C. Bernstein upped their target price on shares of Seagate Technology from $620.00 to $1,000.00 and gave the company an "outperform" rating in a research note on Wednesday, April 29th. China Renaissance upped their target price on shares of Seagate Technology from $802.00 to $983.00 in a research note on Friday. Barclays upped their target price on shares of Seagate Technology from $750.00 to $1,000.00 and gave the company an "overweight" rating in a research note on Wednesday, May 27th. Finally, The Goldman Sachs Group upped their target price on shares of Seagate Technology from $385.00 to $700.00 and gave the company a "buy" rating in a research note on Wednesday, April 29th. One 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 company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $831.79.
View Our Latest Analysis on STX
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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