Seagate Technology (NASDAQ:STX) EVP Sells $351,250.58 in Stock

Seagate Technology Holdings PLC (NASDAQ:STX) EVP James Lee sold 547 shares of the stock in a transaction that occurred on Friday, October 23rd. The stock was sold at an average price of $642.14, for a total transaction of $351,250.58. Following the sale, the executive vice president owned 1,037 shares in the company, valued at $665,899.18. This represents a 34.53% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

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 shares were sold at an average price of $794.84, for a total transaction 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 transaction 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 Stock Up 4.5%

NASDAQ STX opened at $697.97 on Thursday. The business has a fifty day moving average price of $805.84 and a two-hundred day moving average price of $684.81. The stock has a market capitalization of $158.71 billion, a PE ratio of 50.29 and a beta of 2.06. Seagate Technology Holdings PLC has a fifty-two week low of $228.61 and a fifty-two week 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.

Seagate Technology (NASDAQ:STX) last issued its quarterly earnings results on Tuesday, October 27th. The data storage provider reported $7.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.45 by $0.23. Seagate Technology had a return on equity of 369.98% and a net margin of 26.11%. The company had revenue of $4.23 billion for the quarter, compared to analyst estimates of $4.15 billion. During the same quarter last year, the company posted $2.61 EPS. The company’s revenue for the quarter was up 61.0% compared to the same quarter last year. Equities analysts expect that Seagate Technology Holdings PLC will post 35.79 earnings per share for the current fiscal year.

Seagate Technology Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 7th. Investors of record on Wednesday, December 23rd will be paid a $0.76 dividend. This represents a $3.04 annualized dividend and a yield of 0.4%. This is a boost from Seagate Technology’s previous quarterly dividend of $0.74. The ex-dividend date of this dividend is Wednesday, December 23rd. Seagate Technology’s payout ratio is 21.33%.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. Wells Fargo & Company lowered their target price on Seagate Technology from $865.00 to $820.00 and set an “overweight” rating for the company in a research note on Wednesday. Susquehanna reduced their price target on shares of Seagate Technology from $925.00 to $765.00 and set a “neutral” rating on the stock in a research note on Wednesday. UBS Group decreased their price target on shares of Seagate Technology from $780.00 to $750.00 and set a “neutral” rating on the stock in a report on Wednesday. Wedbush reaffirmed an “outperform” rating and set a $1,000.00 price target on shares of Seagate Technology in a report on Wednesday. Finally, Cantor Fitzgerald lowered their price objective on shares of Seagate Technology from $1,300.00 to $1,000.00 and set an “overweight” rating for the company in a research report on Monday. Twenty-two analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $1,000.88.

Seagate Technology News Roundup

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

• Positive Sentiment: Seagate reported fiscal Q1 revenue of $4.23 billion, up 61% year over year, and adjusted earnings of $7.68 per share, exceeding Wall Street estimates. Data-center revenue rose 63%, while strong pricing, AI-related demand and HAMR adoption drove record profitability and cash flow. Seagate Technology Reports Fiscal First Quarter 2027 Financial Results
• Positive Sentiment: Management projected approximately $4.8 billion of revenue and $9.20 in non-GAAP EPS for the December quarter, above consensus expectations. Nearline capacity is largely committed under supply agreements through 2028, with some commentary pointing to commitments extending through 2030. Seagate expects December-quarter revenue and EPS
• Positive Sentiment: Seagate raised its quarterly dividend 2.7% to $0.76 per share and continues to benefit from AI infrastructure demand. Several analysts still see substantial upside, including buy or overweight ratings from Citigroup, Wells Fargo, TD Cowen and Morgan Stanley. Seagate Q1 earnings call highlights
• Neutral Sentiment: Analysts broadly remain constructive on Seagate Technology, but multiple firms lowered their price targets after the results. Citigroup reduced its target to $1,050, Wells Fargo to $820 and TD Cowen to $900; Wedbush maintained an outperform rating with a $1,000 target.
• Negative Sentiment: The market appears concerned that exabyte shipment growth and future margin expansion may slow, particularly after STX’s sharp prior rally. The stock’s high valuation left little room for disappointment, prompting profit-taking and a downgrade from Summit Insights to “hold”; Susquehanna also cut its rating to “neutral.” Seagate pullback on slower exabyte growth

Hedge Funds Weigh In On Seagate Technology

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Retirement Wealth Solutions LLC grew its stake in Seagate Technology by 70.6% in the second quarter. Retirement Wealth Solutions LLC now owns 29 shares of the data storage provider’s stock valued at $28,000 after acquiring an additional 12 shares during the period. Jones Financial Companies Lllp bought a new position in shares of Seagate Technology in the 2nd quarter worth $39,000. One River Asset Management LLC grew its position in Seagate Technology by 50.0% in the 3rd quarter. One River Asset Management LLC now owns 45 shares of the data storage provider’s stock valued at $42,000 after purchasing an additional 15 shares during the period. Laurel Wealth Advisors LLC acquired a new stake in Seagate Technology in the 3rd quarter valued at $42,000. Finally, Creative Capital Management Investments LLC grew its position in Seagate Technology by 104.5% in the 3rd quarter. Creative Capital Management Investments LLC now owns 45 shares of the data storage provider’s stock valued at $42,000 after purchasing an additional 23 shares during the period. Institutional investors and hedge funds own 92.87% of the company’s stock.

About Seagate Technology

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.