Key Points
- Seagate EVP James Ci Lee sold 9,013 shares for approximately $7.16 million, reducing his direct ownership by 96.29%. The transaction was conducted under a pre-arranged Rule 10b5-1 trading plan.
- Seagate reported quarterly EPS of $5.71 and revenue of $3.63 billion, surpassing analyst estimates, while revenue rose 48.5% year over year. The company guided for fiscal Q1 2027 EPS of $7.10–$7.50.
- Analysts maintain a generally positive outlook, with a “Moderate Buy” consensus and an average price target of $986. Seagate also declared a quarterly dividend of $0.74 per share, equivalent to a $2.96 annualized payout.
Seagate Technology Holdings PLC (NASDAQ:STX - Get Free Report) EVP James Ci Lee sold 9,013 shares of the stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $794.84, for a total value of $7,163,892.92. Following the sale, the executive vice president directly owned 347 shares in the company, valued at $275,809.48. This trade represents a 96.29% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
James Ci Lee also recently made the following trade(s):
- On Friday, August 21st, James Ci Lee sold 3,939 shares of Seagate Technology stock. The shares were sold at an average price of $849.35, for a total value of $3,345,589.65.
- On Thursday, July 30th, James Ci Lee sold 694 shares of Seagate Technology stock. The shares were sold at an average price of $877.45, for a total value of $608,950.30.
Seagate Technology Trading Up 3.0%
Shares of Seagate Technology stock opened at $846.37 on Thursday. Seagate Technology Holdings PLC has a 12-month low of $163.86 and a 12-month high of $1,145.00. The company has a market cap of $191.83 billion, a price-to-earnings ratio of 60.98 and a beta of 2.06. The company has a current ratio of 1.67, a quick ratio of 1.17 and a debt-to-equity ratio of 1.56. The company's 50-day moving average price is $880.16 and its 200-day moving average price is $691.76.
Seagate Technology (NASDAQ:STX - Get Free Report) last released its quarterly earnings data on Tuesday, July 28th. The data storage provider reported $5.71 EPS for the quarter, beating analysts' consensus estimates of $5.10 by $0.61. The company had revenue of $3.63 billion during the quarter, compared to analyst estimates of $3.50 billion. Seagate Technology had a net margin of 26.11% and a return on equity of 369.98%. Seagate Technology's revenue was up 48.5% compared to the same quarter last year. During the same period last year, the business earned $2.59 earnings per share. Seagate Technology has set its Q1 2027 guidance at 7.100-7.500 EPS. On average, equities analysts expect that Seagate Technology Holdings PLC will post 34.42 earnings per share for the current fiscal year.
Seagate Technology Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 7th. Shareholders of record on Thursday, September 24th will be issued 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 Thursday, September 24th. Seagate Technology's dividend payout ratio (DPR) is presently 21.33%.
Seagate Technology News Roundup
Here are the key news stories impacting Seagate Technology this week:
- Positive Sentiment: Analyst commentary highlights Seagate as a potential “unexpected” AI winner. Hyperscaler demand, contracts extending through 2027 and the need for high-capacity storage could support sustained growth as data-center workloads expand. Prediction: Seagate Could Be One of AI’s Most Unexpected Winners
- Positive Sentiment: With Treasury yields falling, Zacks identified STX as a growth stock that could benefit from stronger earnings momentum and structural demand for storage. Seagate’s latest quarter showed revenue growth of 48.5% year over year, while EPS and revenue exceeded consensus estimates. 3 Growth Stocks to Buy as Treasury Yields Fall
- Positive Sentiment: Wall Street’s consensus remains constructive, with a “Moderate Buy” rating and an average price target of $986. Several firms recently raised targets to between $1,150 and $1,300, citing Seagate’s earnings outlook and AI-related demand.
- Neutral Sentiment: Seagate declared a quarterly dividend of $0.74 per share, equivalent to a $2.96 annualized payout and an approximately 0.4% yield. The dividend provides shareholder income but is unlikely to be a major near-term trading catalyst.
- Negative Sentiment: EVP James Ci Lee sold 9,013 shares worth about $7.16 million, reducing his ownership by 96.29%. EVP John Christopher Morris also sold 523 shares and has made several additional sales recently. These transactions may weigh on sentiment, although they were executed under pre-arranged Rule 10b5-1 plans, reducing their significance as discretionary signals about management’s outlook. SEC filing for James Ci Lee stock sale
- Negative Sentiment: STX’s high valuation and beta make it sensitive to broader technology-sector weakness and profit-taking. The recent decline from its 52-week high increases the risk that investors will demand continued earnings beats to justify the premium valuation.
Hedge Funds Weigh In On Seagate Technology
Several institutional investors have recently modified their holdings of the company. Integrated Wealth Concepts LLC grew its position in 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 valued at $610,000 after acquiring an additional 4,499 shares during the last quarter. Sivia Capital Partners LLC bought a new stake in shares of Seagate Technology in the 2nd quarter worth approximately $262,000. Cerity Partners LLC lifted its holdings in shares of Seagate Technology by 25.8% in the 2nd 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 during the last quarter. Sei Investments Co. boosted its stake in shares of 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 in the last quarter. Finally, The Manufacturers Life Insurance Company boosted its stake in shares of 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 in the last quarter. 92.87% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
Several research firms have recently weighed in on STX. Citigroup upped their price target on shares of Seagate Technology from $1,240.00 to $1,300.00 and gave the stock a "buy" rating in a report on Wednesday, July 29th. Wells Fargo & Company boosted their target price on Seagate Technology from $1,100.00 to $1,180.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 29th. Argus upped their target price on Seagate Technology from $750.00 to $900.00 and gave the stock a "buy" rating in a research note on Thursday, July 30th. Fox Advisors cut Seagate Technology from an "overweight" rating to an "equal weight" rating in a report on Monday, June 22nd. Finally, TD Cowen lifted their price target on Seagate Technology from $850.00 to $1,000.00 and gave the company a "buy" rating in a research report on Wednesday, July 29th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Seagate Technology has an average rating of "Moderate Buy" and an average price target of $986.00.
Check Out Our Latest Stock Report 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.
Featured Stories
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
