James Ci Lee Sells 9,013 Shares of Seagate Technology (NASDAQ:STX) Stock

Seagate Technology Holdings PLC (NASDAQ:STX) EVP James Ci Lee sold 9,013 shares of the company’s stock in a transaction on Monday, August 24th. The shares were sold at an average price of $794.84, for a total value of $7,163,892.92. Following the sale, the executive vice president owned 347 shares of the company’s stock, valued at approximately $275,809.48. The trade was a 96.29% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

James Ci Lee also recently made the following trade(s):

• On Friday, August 21st, James Ci 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 Ci Lee sold 694 shares of Seagate Technology stock. The stock was sold at an average price of $877.45, for a total transaction of $608,950.30.

Seagate Technology Price Performance

Seagate Technology stock traded up $24.70 during trading hours on Wednesday, reaching $846.37. 2,065,021 shares of the stock were exchanged, compared to its average volume of 4,401,594. The company has a market cap of $191.83 billion, a P/E ratio of 60.98 and a beta of 2.06. 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 Holdings PLC has a twelve month low of $163.86 and a twelve month high of $1,145.00. The stock has a 50 day moving average of $884.55 and a two-hundred day moving average of $688.66.

Seagate Technology (NASDAQ:STX) last released its earnings results on Tuesday, July 28th. The data storage provider reported $5.71 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 quarterly revenue was up 48.5% compared to the same quarter last year. During the same period last year, the firm earned $2.59 EPS. Seagate Technology has set its Q1 2027 guidance at 7.100-7.500 EPS. Equities analysts expect that Seagate Technology Holdings PLC will post 34.42 EPS for the current fiscal year.

Seagate Technology Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 7th. Investors of record on Thursday, September 24th will be paid a $0.74 dividend. This represents a $2.96 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend is Thursday, September 24th. Seagate Technology’s dividend payout ratio (DPR) is 21.33%.

Trending Headlines about Seagate Technology

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

• Positive Sentiment: Investors are increasingly viewing Seagate as an unexpected AI beneficiary. The company has reported record revenue growth and secured hyperscaler contracts extending through 2027, supporting the outlook for continued demand for high-capacity storage. The key longer-term question is whether Seagate’s technology investments can sustain that growth. Prediction: Seagate Could Be One of AI’s Most Unexpected Winners
• Positive Sentiment: Seagate was highlighted as a momentum stock alongside Western Digital and Dell, reflecting strong recent earnings performance and favorable price trends. Analysts currently give STX a consensus “Moderate Buy” rating and an average price target of $986, with several firms maintaining targets above $1,000.
• Positive Sentiment: The company’s latest quarterly results exceeded expectations: adjusted earnings were $5.71 per share versus a $5.10 consensus estimate, while revenue reached $3.63 billion against expectations of $3.50 billion. Revenue increased 48.5% year over year, and management guided to fiscal first-quarter 2027 earnings of $7.10–$7.50 per share.
• Neutral Sentiment: Seagate declared its regular quarterly dividend of $0.74 per share, or $2.96 annualized. The payout provides modest income but is unlikely to be a major near-term catalyst given the stock’s low dividend yield.
• Negative Sentiment: Several executives sold shares, including the CEO, CFO and multiple executive vice presidents. Most transactions were made under pre-arranged Rule 10b5-1 plans, reducing their value as discretionary bearish signals, but the aggregate selling could still weigh on investor sentiment.
• Negative Sentiment: STX has recently been pressured by broader technology-sector weakness. Its high beta and elevated valuation could amplify volatility if investors reduce exposure to AI and other high-growth technology stocks.

Institutional Investors Weigh In On Seagate Technology

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Integrated Wealth Concepts LLC boosted its stake in shares of Seagate Technology by 168.0% during the first quarter. Integrated Wealth Concepts LLC now owns 7,177 shares of the data storage provider’s stock valued at $610,000 after purchasing an additional 4,499 shares in the last quarter. Sivia Capital Partners LLC acquired a new position in shares of Seagate Technology in the second quarter valued at approximately $262,000. Cerity Partners LLC increased its stake in shares of Seagate Technology by 25.8% in the second quarter. Cerity Partners LLC now owns 36,682 shares of the data storage provider’s stock valued at $5,294,000 after buying an additional 7,517 shares during the period. Sei Investments Co. raised its holdings in Seagate Technology by 64.8% in the 2nd quarter. Sei Investments Co. now owns 8,543 shares of the data storage provider’s stock valued at $1,233,000 after buying an additional 3,358 shares during the last quarter. Finally, The Manufacturers Life Insurance Company raised its holdings in Seagate Technology by 0.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 127,887 shares of the data storage provider’s stock valued at $18,458,000 after buying an additional 462 shares during the last quarter. Institutional investors own 92.87% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on STX. BNP Paribas Exane raised their target price on Seagate Technology from $530.00 to $860.00 and gave the company an “outperform” rating in a report on Wednesday, April 29th. Wall Street Zen cut Seagate Technology from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 15th. Citigroup upped their price objective on Seagate Technology from $1,240.00 to $1,300.00 and gave the stock a “buy” rating in a research report on Wednesday, July 29th. TD Cowen raised their price objective on Seagate Technology from $850.00 to $1,000.00 and gave the company a “buy” rating in a research note on Wednesday, July 29th. Finally, Mizuho lifted their target price on Seagate Technology from $875.00 to $1,090.00 and gave the company an “outperform” rating in a research report on Monday, June 8th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, Seagate Technology currently has an average rating of “Moderate Buy” and a consensus target price of $986.00.

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.