Key Points
- CEO William Mosley sold 30,000 Seagate shares at an average price of $816.28, generating approximately $24.5 million. The transaction was conducted under a pre-arranged Rule 10b5-1 trading plan, leaving him with 295,168 shares.
- Seagate reported quarterly EPS of $5.71, beating estimates by $0.61, while revenue rose 48.5% year over year to $3.63 billion. The company guided for fiscal Q1 2027 EPS of $7.10–$7.50.
- Analysts maintain a broadly positive view, with a consensus “Moderate Buy” rating and a $986 price target. Seagate also declared a quarterly dividend of $0.74 per share, equivalent to a 0.4% annualized yield.
Seagate Technology Holdings PLC (NASDAQ:STX - Get Free Report) Director Yolanda Conyers sold 750 shares of the company's stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of $815.11, for a total transaction of $611,332.50. Following the completion of the sale, the director directly owned 3,351 shares of the company's stock, valued at approximately $2,731,433.61. This represents a 18.29% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Seagate Technology Trading Down 1.2%
Seagate Technology stock opened at $798.61 on Friday. Seagate Technology Holdings PLC has a 12-month low of $175.82 and a 12-month high of $1,145.00. The company has a debt-to-equity ratio of 1.56, a current ratio of 1.67 and a quick ratio of 1.17. The stock has a market capitalization of $181.00 billion, a PE ratio of 57.54 and a beta of 2.06. The firm has a 50 day simple moving average of $852.94 and a 200-day simple moving average of $708.76.
Seagate Technology (NASDAQ:STX - Get Free Report) last announced its earnings results on Tuesday, July 28th. The data storage provider reported $5.71 EPS for the quarter, topping the consensus estimate of $5.10 by $0.61. The firm had revenue of $3.63 billion for 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 firm's quarterly revenue was up 48.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.59 earnings per share. Seagate Technology has set its Q1 2027 guidance at 7.100-7.500 EPS. As a group, equities research analysts expect that Seagate Technology Holdings PLC will post 35.7 EPS for the current fiscal year.
Seagate Technology Dividend Announcement
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 paid a $0.74 dividend. This represents a $2.96 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend is Thursday, September 24th. Seagate Technology's payout ratio is currently 21.33%.
Analysts Set New Price Targets
STX has been the subject of several research reports. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $1,300.00 target price on shares of Seagate Technology in a research note on Wednesday, July 29th. Argus raised their price objective on shares of Seagate Technology from $750.00 to $900.00 and gave the company a "buy" rating in a research report on Thursday, July 30th. Morgan Stanley lifted their price objective on shares of Seagate Technology from $1,035.00 to $1,187.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 29th. Fox Advisors lowered shares of Seagate Technology from an "overweight" rating to an "equal weight" rating in a research note on Monday, June 22nd. Finally, Rosenblatt Securities raised their target price on shares of Seagate Technology from $1,300.00 to $1,400.00 and gave the stock a "buy" rating in a report on Wednesday, July 29th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $986.00.
Check Out Our Latest Research Report on STX
Hedge Funds Weigh In On Seagate Technology
A number of institutional investors have recently bought and sold shares of STX. Rakuten Securities Inc. raised its holdings 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 period. Retirement Wealth Solutions LLC boosted its holdings in shares of Seagate Technology by 70.6% in the second quarter. Retirement Wealth Solutions LLC now owns 29 shares of the data storage provider's stock worth $28,000 after buying an additional 12 shares during the period. Annis Gardner Whiting Capital Advisors LLC boosted its holdings in shares of Seagate Technology by 23.1% in the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 80 shares of the data storage provider's stock worth $31,000 after buying an additional 15 shares during the period. Quarry LP purchased a new position in shares of Seagate Technology in the fourth quarter worth approximately $31,000. Finally, WealthCollab LLC raised its holdings in shares of Seagate Technology by 27.4% during the first quarter. WealthCollab LLC now owns 93 shares of the data storage provider's stock valued at $36,000 after acquiring an additional 20 shares during the period. Hedge funds and other institutional investors own 92.87% of the company's stock.
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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