Key Points
- Seagate EVP Ban Seng Teh sold 7,361 shares at an average price of $920.80, generating approximately $6.78 million and reducing his holdings by 71.52% to 2,931 shares.
- Seagate reported strong quarterly results, with EPS of $5.71 beating estimates by $0.61, revenue of $3.63 billion up 48.5% year over year, and fiscal Q1 2027 EPS guidance of $7.10–$7.50.
- Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and an average price target of $986, while the company declared a $0.74 quarterly dividend.
Seagate Technology Holdings PLC (NASDAQ:STX - Get Free Report) EVP Ban Seng Teh sold 7,361 shares of the company's stock in a transaction on Thursday, August 13th. The shares were sold at an average price of $920.80, for a total transaction of $6,778,008.80. Following the completion of the transaction, the executive vice president owned 2,931 shares of the company's stock, valued at $2,698,864.80. This represents a 71.52% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Ban Seng Teh also recently made the following trade(s):
- On Friday, June 12th, Ban Seng Teh sold 989 shares of Seagate Technology stock. The stock was sold at an average price of $880.19, for a total value of $870,507.91.
- On Wednesday, June 10th, Ban Seng Teh sold 663 shares of Seagate Technology stock. The stock was sold at an average price of $821.86, for a total value of $544,893.18.
Seagate Technology Stock Up 5.7%
Seagate Technology stock opened at $973.44 on Friday. Seagate Technology Holdings PLC has a fifty-two week low of $152.05 and a fifty-two week high of $1,145.00. The company has a debt-to-equity ratio of 1.56, a quick ratio of 1.17 and a current ratio of 1.67. The company has a market capitalization of $220.63 billion, a P/E ratio of 70.13 and a beta of 2.06. The stock has a 50-day simple moving average of $891.36 and a 200-day simple moving average of $664.79.
Seagate Technology (NASDAQ:STX - Get Free Report) last announced its earnings results on Tuesday, July 28th. The data storage provider reported $5.71 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $5.10 by $0.61. The firm had revenue of $3.63 billion during the quarter, compared to analysts' expectations of $3.50 billion. Seagate Technology had a return on equity of 369.98% and a net margin of 26.11%.The business's revenue was up 48.5% on a year-over-year basis. During the same period in the prior year, the firm earned $2.59 EPS. Seagate Technology has set its Q1 2027 guidance at 7.100-7.500 EPS. Equities research analysts expect that Seagate Technology Holdings PLC will post 34.42 earnings per share for the current year.
Seagate Technology Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 7th. Stockholders of record on Thursday, September 24th will be issued a $0.74 dividend. This represents a $2.96 annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend is Thursday, September 24th. Seagate Technology's dividend payout ratio is presently 21.33%.
Analyst Upgrades and Downgrades
STX has been the topic of a number of recent research reports. Melius Research initiated coverage on shares of Seagate Technology in a report on Monday, June 29th. They issued a "buy" rating and a $1,600.00 target price on the stock. Bank of America increased their price target on shares of Seagate Technology from $1,000.00 to $1,150.00 and gave the stock a "buy" rating in a research note on Wednesday, July 1st. Susquehanna lifted their price objective on shares of Seagate Technology from $775.00 to $875.00 and gave the company a "neutral" rating in a research note on Wednesday, July 29th. Rosenblatt Securities upped their target price on shares of Seagate Technology from $1,300.00 to $1,400.00 and gave the company a "buy" rating in a report on Wednesday, July 29th. Finally, Mizuho upped their target price on shares of Seagate Technology from $875.00 to $1,090.00 and gave the company an "outperform" rating in a report on Monday, June 8th. One analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and four have assigned 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 an average target price of $986.00.
View Our Latest Analysis on STX
Seagate Technology News Summary
Here are the key news stories impacting Seagate Technology this week:
Institutional Investors Weigh In On Seagate Technology
Several large investors have recently modified their holdings of STX. Salomon & Ludwin LLC grew its position in Seagate Technology by 124.4% in the 4th quarter. Salomon & Ludwin LLC now owns 92 shares of the data storage provider's stock valued at $27,000 after buying an additional 51 shares during the last quarter. Rakuten Securities Inc. raised its position in Seagate Technology by 884.2% during the 2nd quarter. Rakuten Securities Inc. now owns 187 shares of the data storage provider's stock worth $27,000 after buying an additional 168 shares during the last quarter. Concord Wealth Partners purchased a new position in Seagate Technology during the 4th quarter worth $28,000. Annis Gardner Whiting Capital Advisors LLC lifted its stake in shares of Seagate Technology by 23.1% in the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 80 shares of the data storage provider's stock worth $31,000 after acquiring an additional 15 shares during the period. Finally, Quarry LP acquired a new stake in shares of Seagate Technology in the 4th quarter worth $31,000. Hedge funds and other institutional investors own 92.87% of the company's stock.
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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