James Ci Lee Sells 673 Shares of Seagate Technology (NASDAQ:STX) Stock

Seagate Technology Holdings PLC (NASDAQ:STX) EVP James Ci Lee sold 673 shares of the firm’s stock in a transaction on Monday, January 26th. The shares were sold at an average price of $348.85, for a total value of $234,776.05. Following the completion of the sale, the executive vice president owned 257 shares in the company, valued at $89,654.45. The trade was a 72.37% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Seagate Technology Stock Up 19.1%

Seagate Technology stock opened at $442.93 on Thursday. The firm has a 50-day moving average price of $297.13 and a two-hundred day moving average price of $235.15. The firm has a market capitalization of $94.59 billion, a price-to-earnings ratio of 56.86, a PEG ratio of 1.08 and a beta of 1.60. Seagate Technology Holdings PLC has a 52-week low of $63.19 and a 52-week high of $449.50.

Seagate Technology (NASDAQ:STX) last announced its quarterly earnings results on Tuesday, January 27th. The data storage provider reported $3.11 EPS for the quarter, beating the consensus estimate of $2.77 by $0.34. The company had revenue of $2.83 billion for the quarter, compared to analyst estimates of $2.73 billion. Seagate Technology had a net margin of 19.59% and a negative return on equity of 462.62%. Seagate Technology’s revenue was up 21.5% compared to the same quarter last year. During the same quarter last year, the business earned $2.03 earnings per share. Seagate Technology has set its Q3 2026 guidance at 3.200-3.600 EPS. Research analysts expect that Seagate Technology Holdings PLC will post 6.83 earnings per share for the current year.

Seagate Technology Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 8th. Shareholders of record on Wednesday, March 25th will be paid a dividend of $0.74 per share. The ex-dividend date of this dividend is Wednesday, March 25th. This represents a $2.96 annualized dividend and a yield of 0.7%. Seagate Technology’s payout ratio is presently 38.00%.

Trending Headlines about Seagate Technology

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

• Positive Sentiment: Q2 results beat expectations: Seagate reported stronger-than-expected EPS and revenue, posted record margins and issued above-consensus Q3 guidance (EPS 3.20–3.60; revenue ~$2.8–3.0B), which supports earnings momentum and valuation expansion. Read More.
• Positive Sentiment: AI-driven storage demand and supply tightness: Management and market reports say data-center/A I demand has surged, and Seagate’s CEO says the company is “sold out through 2026,” implying sustained revenue visibility and pricing leverage. Read More. Read More.
• Positive Sentiment: Major analyst upgrades and higher price targets: Several firms raised targets and ratings (including Cantor, TD Cowen, Rosenblatt pushing targets toward $500), amplifying momentum and buy-side interest. Read More.
• Neutral Sentiment: Dividend continues to be paid: Seagate declared a quarterly dividend, supporting income-minded holders but small relative to capital gains drivers. (Company release)
• Neutral Sentiment: Mixed analyst targets: Some firms raised price targets but left neutral/equal-weight ratings (Wells Fargo, Barclays, UBS); others raised targets but still sit below the current market price — this creates divergent expectations about upside from here. Read More. Read More.
• Negative Sentiment: Short-term profit-taking and “cooling off” risk: Some commentary noted the stock may pull back after the initial pop despite strong results; elevated short-term volatility is possible as investors lock in gains. Read More.
• Negative Sentiment: Valuation and target dispersion: The stock’s rally has pushed valuation measures higher (P/E expansion); analysts’ target dispersion means downside risk if AI demand growth moderates or margins normalize. Read More.

Institutional Investors Weigh In On Seagate Technology

Large investors have recently modified their holdings of the stock. Vision Financial Markets LLC acquired a new position in Seagate Technology during the second quarter valued at approximately $173,000. Tokio Marine Asset Management Co. Ltd. bought a new stake in shares of Seagate Technology during the 3rd quarter worth $1,864,000. Nordea Investment Management AB grew its stake in Seagate Technology by 18.0% in the 2nd quarter. Nordea Investment Management AB now owns 18,422 shares of the data storage provider’s stock valued at $2,632,000 after buying an additional 2,808 shares during the last quarter. Central Asset Investments & Management Holdings HK Ltd raised its holdings in Seagate Technology by 185.8% in the 2nd quarter. Central Asset Investments & Management Holdings HK Ltd now owns 18,734 shares of the data storage provider’s stock worth $2,704,000 after acquiring an additional 12,178 shares during the period. Finally, Channing Capital Management LLC acquired a new position in Seagate Technology during the 2nd quarter worth $4,542,000. 92.87% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Evercore ISI raised their price target on Seagate Technology from $160.00 to $330.00 and gave the company an “outperform” rating in a report on Monday, October 13th. UBS Group increased their target price on shares of Seagate Technology from $335.00 to $385.00 and gave the company a “neutral” rating in a research report on Wednesday. Morgan Stanley boosted their price target on shares of Seagate Technology from $337.00 to $372.00 and gave the stock an “overweight” rating in a research report on Thursday, January 22nd. TD Cowen upped their price target on shares of Seagate Technology from $340.00 to $500.00 and gave the stock a “buy” rating in a research note on Wednesday. Finally, Exane BNP Paribas upgraded shares of Seagate Technology from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 21st. Two research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $392.35.

Seagate Technology Company Profile

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.