Ban Seng Teh Sells 6,048 Shares of Seagate Technology (NASDAQ:STX) Stock

Seagate Technology Holdings PLC (NASDAQ:STX) EVP Ban Seng Teh sold 6,048 shares of the business’s stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $842.97, for a total value of $5,098,282.56. Following the transaction, the executive vice president owned 15,072 shares in the company, valued at $12,705,243.84. This represents a 28.64% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Ban Seng Teh also recently made the following trade(s):

• On Friday, August 21st, Ban Seng Teh sold 9,862 shares of Seagate Technology stock. The shares were sold at an average price of $852.97, for a total value of $8,411,990.14.
• On Thursday, August 13th, Ban Seng Teh sold 7,361 shares of Seagate Technology stock. The stock was sold at an average price of $920.80, for a total value of $6,778,008.80.
• 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 shares were sold at an average price of $821.86, for a total value of $544,893.18.

Seagate Technology Stock Performance

Shares of NASDAQ STX opened at $821.67 on Wednesday. The firm has a market capitalization of $186.23 billion, a price-to-earnings ratio of 59.20 and a beta of 2.06. Seagate Technology Holdings PLC has a one year low of $163.72 and a one year high of $1,145.00. The business has a fifty day simple moving average of $884.55 and a 200 day simple moving average of $688.66. The company has a current ratio of 1.67, a quick ratio of 1.17 and a debt-to-equity ratio of 1.56.

Seagate Technology (NASDAQ:STX) last announced its quarterly earnings results on Tuesday, July 28th. The data storage provider reported $5.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.10 by $0.61. The firm had revenue of $3.63 billion for 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%. The business’s revenue for the quarter was up 48.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.59 EPS. Seagate Technology has set its Q1 2027 guidance at 7.100-7.500 EPS. Sell-side analysts expect that Seagate Technology Holdings PLC will post 34.42 EPS for the current year.

Seagate Technology Dividend Announcement

The business also recently announced 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. The ex-dividend date of this dividend is Thursday, September 24th. This represents a $2.96 dividend on an annualized basis and a dividend yield of 0.4%. Seagate Technology’s dividend payout ratio is presently 21.33%.

Analyst Ratings Changes

A number of brokerages have weighed in on STX. Bank of America upped their price target on Seagate Technology from $1,000.00 to $1,150.00 and gave the company a “buy” rating in a research report on Wednesday, July 1st. BNP Paribas Exane boosted their target price on shares of Seagate Technology from $530.00 to $860.00 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 report on Friday, June 12th. TD Cowen increased their target price on shares of Seagate Technology from $850.00 to $1,000.00 and gave the stock a “buy” rating in a research report on Wednesday, July 29th. Finally, The Goldman Sachs Group lifted their price target on shares of Seagate Technology from $385.00 to $700.00 and gave the company a “buy” rating in a report on Wednesday, April 29th. 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. According to MarketBeat.com, Seagate Technology currently has an average rating of “Moderate Buy” and an average target price of $986.00.

Seagate Technology News Roundup

Here are the key news stories impacting Seagate Technology this week:

• Positive Sentiment: Seagate was highlighted as a momentum stock to buy alongside Western Digital and Dell. The Driehaus strategy cited strong earnings performance and favorable price trends, reinforcing the bullish artificial-intelligence and data-storage investment case. Seagate and momentum stocks article
• Positive Sentiment: Wall Street maintains a favorable view, with Seagate carrying a consensus “Moderate Buy” rating and an average price target of approximately $986. Recent target increases from Barclays, Wells Fargo, Bank of America and Cantor Fitzgerald point to continued optimism about storage demand and earnings growth. Seagate analyst recommendation article
• Positive Sentiment: The company’s latest quarterly results exceeded expectations, with earnings per share of $5.71 versus a $5.10 consensus estimate and revenue of $3.63 billion versus $3.50 billion. Revenue increased 48.5% year over year, and fiscal first-quarter 2027 guidance calls for EPS of $7.10 to $7.50.
• Neutral Sentiment: Reported short interest was listed as zero shares with a zero-day days-to-cover ratio. Because the figures include an implausible “NaN” change, the data may reflect a reporting issue rather than a meaningful shift in bearish positioning.
• Neutral Sentiment: Seagate declared a quarterly dividend of $0.74 per share, or $2.96 annualized, representing a yield of about 0.4%. The payout provides modest shareholder income but is unlikely to be a major near-term catalyst.
• Negative Sentiment: Several executives sold shares, including the CEO, CFO and multiple executive vice presidents. The transactions totaled roughly $38 million and reduced some individual holdings significantly. Several sales were made under Rule 10b5-1 plans, which lessens their value as discretionary bearish signals but may still weigh on investor sentiment.
• Negative Sentiment: STX was pressured by a wider technology-sector selloff. Its high beta of 2.06 and elevated valuation make the shares particularly sensitive to risk reduction, profit-taking and concerns about an AI-related hardware reset. Seagate sector weakness article

Hedge Funds Weigh In On Seagate Technology

Several institutional investors have recently bought and sold shares of STX. California State Teachers Retirement System boosted its stake in Seagate Technology by 102,975.8% in the second quarter. California State Teachers Retirement System now owns 316,744,845 shares of the data storage provider’s stock worth $305,658,775,000 after purchasing an additional 316,437,552 shares in the last quarter. Wellington Management Group LLP increased its stake in shares of Seagate Technology by 2,655.9% in the second quarter. Wellington Management Group LLP now owns 2,414,136 shares of the data storage provider’s stock valued at $2,329,641,000 after buying an additional 2,326,538 shares in the last quarter. Norges Bank acquired a new stake in shares of Seagate Technology in the fourth quarter valued at $498,363,000. Soroban Capital Partners LP raised its holdings in shares of Seagate Technology by 1,468.1% in the second quarter. Soroban Capital Partners LP now owns 1,417,600 shares of the data storage provider’s stock valued at $204,602,000 after buying an additional 1,327,197 shares during the last quarter. Finally, Janus Henderson Group PLC raised its holdings in shares of Seagate Technology by 3,872.1% in the first quarter. Janus Henderson Group PLC now owns 967,528 shares of the data storage provider’s stock valued at $378,985,000 after buying an additional 943,170 shares during the last quarter. Institutional investors own 92.87% of the company’s stock.

About Seagate Technology

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.