Insider Selling: Seagate Technology (NASDAQ:STX) EVP Sells $770,431.00 in Stock

Seagate Technology Holdings PLC (NASDAQ:STX) EVP Ban Teh sold 989 shares of the stock in a transaction that occurred on Monday, September 14th. The shares were sold at an average price of $779.00, for a total value of $770,431.00. Following the transaction, the executive vice president directly owned 5,810 shares of the company’s stock, valued at $4,525,990. This trade represents a 14.55% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through 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 Tuesday, September 15th, Ban Teh sold 52,730 shares of Seagate Technology stock. The stock was sold at an average price of $782.08, for a total value of $41,239,078.40.
• On Thursday, September 10th, Ban Teh sold 663 shares of Seagate Technology stock. The shares were sold at an average price of $860.09, for a total value of $570,239.67.
• On Thursday, August 20th, Ban Teh sold 6,048 shares of Seagate Technology stock. The shares were sold at an average price of $842.97, for a total transaction of $5,098,282.56.
• On Friday, August 21st, Ban Teh sold 9,862 shares of Seagate Technology stock. The stock was sold at an average price of $852.97, for a total transaction of $8,411,990.14.
• On Thursday, August 13th, Ban Teh sold 7,361 shares of Seagate Technology stock. The stock was sold at an average price of $920.80, for a total transaction of $6,778,008.80.

Seagate Technology Stock Performance

Shares of STX stock opened at $803.13 on Friday. The company has a fifty day moving average price of $843.14 and a two-hundred day moving average price of $738.45. Seagate Technology Holdings PLC has a one year low of $209.00 and a one year high of $1,145.00. The stock has a market cap of $182.62 billion, a P/E ratio of 57.86 and a beta of 2.06. The company has a debt-to-equity ratio of 1.56, a current ratio of 1.67 and a quick ratio of 1.17.

Seagate Technology (NASDAQ:STX) last released its quarterly earnings data on Tuesday, July 28th. The data storage provider reported $5.71 earnings per share 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 company had revenue of $3.63 billion for the quarter, compared to analyst estimates of $3.50 billion. During the same period in the previous year, the business earned $2.59 EPS. Seagate Technology’s revenue for the quarter was up 48.5% compared to the same quarter last year. Seagate Technology has set its Q1 2027 guidance at 7.100-7.500 EPS. As a group, equities analysts predict that Seagate Technology Holdings PLC will post 35.7 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. Investors of record on Thursday, September 24th will be issued a dividend of $0.74 per share. The ex-dividend date of this dividend is Thursday, September 24th. This represents a $2.96 annualized dividend and a dividend yield of 0.4%. Seagate Technology’s payout ratio is presently 21.33%.

Institutional Trading of Seagate Technology

Several large investors have recently modified their holdings of STX. Wellington Management Group LLP lifted its stake in Seagate Technology by 2,655.9% during the second quarter. Wellington Management Group LLP now owns 2,414,136 shares of the data storage provider’s stock worth $2,329,641,000 after purchasing an additional 2,326,538 shares during the last quarter. Geode Capital Management LLC increased its position in Seagate Technology by 5.0% in the 4th quarter. Geode Capital Management LLC now owns 4,896,815 shares of the data storage provider’s stock valued at $1,343,683,000 after acquiring an additional 234,436 shares during the period. Arrowstreet Capital Limited Partnership raised its position in Seagate Technology by 8.3% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,193,063 shares of the data storage provider’s stock worth $879,338,000 after purchasing an additional 243,551 shares during the last quarter. National Pension Service lifted its stake in shares of Seagate Technology by 0.8% in the second quarter. National Pension Service now owns 834,705 shares of the data storage provider’s stock worth $805,490,000 after acquiring an additional 6,944 shares during the period. Finally, Norges Bank acquired a new stake in shares of Seagate Technology during the fourth quarter worth $498,363,000. 92.87% of the stock is owned by institutional investors and hedge funds.

Seagate Technology News Roundup

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

• Positive Sentiment: Seagate’s gross margin reached 52.7% in the latest quarter, supported by repeated pricing increases that management believes can be sustained. Durable pricing power could support earnings and cash flow as demand for mass-capacity storage expands. Seagate gross margin article
• Positive Sentiment: STX has substantially outperformed other AI-infrastructure stocks over the past year. Analysts remain optimistic, reflecting expectations for continued data-center demand, hyperscale customers and AI-driven HDD requirements. Seagate performance versus AI infrastructure stocks
• Positive Sentiment: The company’s latest quarterly results showed revenue growth of 48.5% year over year, adjusted earnings above consensus and fiscal first-quarter 2027 EPS guidance of $7.10 to $7.50. Those results reinforce the bullish earnings narrative behind the stock.
• Neutral Sentiment: Seagate completed the retirement and exchange of approximately $150.7 million of 2028 exchangeable notes using about $151.0 million in cash and 1.65 million shares. The transaction reduces upcoming debt but creates some share dilution. Seagate 2028 notes retirement article
• Negative Sentiment: CEO William Mosley, CFO Gianluca Romano and EVPs John Morris and Ban Teh reported sizable stock sales totaling roughly $168 million. The filings cite tax withholding or pre-arranged Rule 10b5-1 plans, which reduces the bearish signal, but the concentrated selling has nevertheless increased short-term investor caution. Seagate insider selling report
• Negative Sentiment: After its sharp rally, STX trades at a high earnings multiple and below its 50-day moving average, leaving the stock vulnerable to profit-taking if AI-storage growth or pricing momentum slows. Its high beta also amplifies broader technology-sector volatility.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. Melius Research began coverage on Seagate Technology in a report on Monday, June 29th. They set a “buy” rating and a $1,600.00 price objective for the company. Fox Advisors cut Seagate Technology from an “overweight” rating to an “equal weight” rating in a report on Monday, June 22nd. Zacks Research raised Seagate Technology from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 28th. Bank of America lifted their target price on Seagate Technology from $1,000.00 to $1,150.00 and gave the stock a “buy” rating in a report on Wednesday, July 1st. Finally, Barclays boosted their target price on shares of Seagate Technology from $1,000.00 to $1,250.00 and gave the company an “overweight” rating in a research report on Thursday, July 30th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, Seagate Technology presently has a consensus rating of “Moderate Buy” and a consensus target price of $986.00.

Seagate Technology Company Profile

Seagate Technology Holdings plc is a data storage technology company that develops and manufactures mass-capacity storage solutions for businesses and consumers. Its product portfolio is centered on hard disk drives (HDDs), which are used in cloud data centers, enterprise systems, network-attached storage, video and imaging applications, and personal computing.

The company also offers solid-state drives (SSDs), external storage products, storage systems, and related data-management and recovery services.