Key Points
- Seagate EVP James Lee sold 547 shares for approximately $351,251 at an average price of $642.14, reducing his position by 34.53% to 1,037 shares. The sale follows several larger insider sales totaling more than $11 million in August.
- Seagate recently reported strong results, with quarterly revenue rising 48.5% year over year to $3.63 billion and EPS of $5.71, beating analyst expectations. Analysts maintain a generally positive outlook, with 22 Buy ratings, five Holds, and a consensus price target of $951.92.
- Institutional investors own approximately 92.87% of Seagate’s shares, while the company’s stock has experienced significant volatility, trading between $217.67 and $1,145 over the past 52 weeks.
Seagate Technology Holdings PLC (NASDAQ:STX - Get Free Report) EVP James Lee sold 547 shares of the company's stock in a transaction on Friday, October 23rd. The shares were sold at an average price of $642.14, for a total transaction of $351,250.58. Following the completion of the sale, the executive vice president owned 1,037 shares of the company's stock, valued at approximately $665,899.18. This represents a 34.53% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
James Ci Lee also recently made the following trade(s):
- On Monday, August 24th, James Lee sold 9,013 shares of Seagate Technology stock. The stock was sold at an average price of $794.84, for a total value of $7,163,892.92.
- On Friday, August 21st, James 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 Lee sold 694 shares of Seagate Technology stock. The stock was sold at an average price of $877.45, for a total value of $608,950.30.
Seagate Technology Price Performance
Shares of STX opened at $644.21 on Tuesday. 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 stock has a 50 day simple moving average of $816.49 and a 200 day simple moving average of $680.95. Seagate Technology Holdings PLC has a 52-week low of $217.67 and a 52-week high of $1,145.00. The firm has a market capitalization of $146.49 billion, a PE ratio of 42.57 and a beta of 2.06.
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. Seagate Technology had a net margin of 26.11% and a return on equity of 369.98%. The firm had revenue of $3.63 billion for the quarter, compared to the consensus estimate of $3.50 billion. During the same period last year, the company posted $2.59 EPS. The business's quarterly revenue was up 48.5% on a year-over-year basis. Sell-side analysts predict that Seagate Technology Holdings PLC will post 35.79 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently commented on the stock. Argus raised their price objective on shares of Seagate Technology from $750.00 to $900.00 and gave the stock a "buy" rating in a report on Thursday, July 30th. TD Cowen boosted their price target on Seagate Technology from $850.00 to $1,000.00 and gave the company a "buy" rating in a report on Wednesday, July 29th. Zacks Research cut Seagate Technology from a "strong-buy" rating to a "hold" rating in a research report on Monday, September 28th. JPMorgan Chase & Co. lifted their target price on Seagate Technology from $1,095.00 to $1,240.00 and gave the company an "overweight" rating in a research report on Wednesday, July 29th. Finally, Citigroup boosted their target price on Seagate Technology from $1,240.00 to $1,300.00 and gave the company a "buy" rating in a research note on Wednesday, July 29th. Twenty-two equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. According to data from MarketBeat, Seagate Technology has an average rating of "Moderate Buy" and a consensus target price of $951.92.
View Our Latest Research Report on Seagate Technology
Institutional Investors Weigh In On Seagate Technology
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. NewEdge Advisors LLC grew its stake in Seagate Technology by 85.9% in the first quarter. NewEdge Advisors LLC now owns 22,046 shares of the data storage provider's stock valued at $8,637,000 after purchasing an additional 10,190 shares in the last quarter. UNICOM Systems Inc. raised its stake in shares of Seagate Technology by 18.2% during the 2nd quarter. UNICOM Systems Inc. now owns 43,500 shares of the data storage provider's stock worth $41,978,000 after purchasing an additional 6,700 shares in the last quarter. USA Financial Formulas acquired a new stake in shares of Seagate Technology in the 1st quarter valued at approximately $1,328,000. Financial Insights Inc. bought a new position in shares of Seagate Technology in the second quarter valued at $706,000. Finally, Silverleafe Capital Partners LLC acquired a new position in Seagate Technology during the third quarter worth $820,000. 92.87% of the stock is currently owned by institutional investors and hedge funds.
Trending Headlines about Seagate Technology
Here are the key news stories impacting Seagate Technology this week:
- Positive Sentiment: Analysts expect Seagate to potentially beat its fiscal first-quarter 2027 outlook, supported by strong hard-disk-drive demand, higher pricing, and growth in its Mozaic technology. The company’s guidance calls for earnings per share of $7.10 to $7.50. Seagate Technology Q1 preview: Analysts project earnings beat amid strong HDD demand
- Positive Sentiment: Seagate announced expanded interoperability between its high-capacity HAMR and SMR storage technologies and Broadcom’s systems, with validation at Microsoft Azure. The development could help hyperscale cloud and AI customers scale storage more efficiently. Seagate Simplifies High-Capacity Storage Scaling for AI and Cloud Infrastructure
- Positive Sentiment: Cantor Fitzgerald maintained an “overweight” rating despite reducing its price target to $1,000 from $1,300. The revised target still implies significant upside from the referenced share price, suggesting the firm views the recent decline as excessive relative to Seagate’s long-term prospects. Cantor Fitzgerald stock recommendations
About Seagate Technology
(
Get Free Report)
Seagate Technology Holdings plc (NASDAQ: STX) is a data storage company that develops and manufactures mass-capacity storage products and solutions. Its portfolio is centered on hard disk drives (HDDs) used in cloud data centers, enterprise systems, network-attached storage, video and imaging applications, and personal computers.
The company also provides storage-related services and solutions designed to help organizations store, manage, protect, and access large volumes of digital information.
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