Ban Seng Teh Sells 663 Shares of Seagate Technology (NASDAQ:STX) Stock

Seagate Technology Holdings PLC (NASDAQ:STX) EVP Ban Teh sold 663 shares of Seagate Technology stock in a transaction that occurred on Thursday, September 10th. The shares were sold at an average price of $860.09, for a total transaction of $570,239.67. Following the transaction, the executive vice president directly owned 5,810 shares in the company, valued at approximately $4,997,122.90. This trade represents a 10.24% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• 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 shares were 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 Down 3.7%

Shares of NASDAQ STX opened at $830.17 on Friday. Seagate Technology Holdings PLC has a 12-month low of $193.32 and a 12-month high of $1,145.00. The company has a market cap of $188.77 billion, a P/E ratio of 59.81 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. The stock has a fifty day moving average price of $848.79 and a 200 day moving average price of $725.45.

Seagate Technology (NASDAQ:STX) last released its quarterly earnings data 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 company had revenue of $3.63 billion for the quarter, compared to analyst estimates of $3.50 billion. Seagate Technology had a return on equity of 369.98% and a net margin of 26.11%.The firm’s revenue was up 48.5% compared to the same quarter last year. During the same period last year, the company posted $2.59 earnings per share. Seagate Technology has set its Q1 2027 guidance at 7.100-7.500 EPS. Research analysts anticipate that Seagate Technology Holdings PLC will post 35.7 EPS for the current fiscal 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. This represents a $2.96 annualized dividend and a dividend yield of 0.4%. The ex-dividend date is Thursday, September 24th. Seagate Technology’s dividend payout ratio (DPR) is presently 21.33%.

Analysts Set New Price Targets

STX has been the subject of several recent research reports. Argus increased their price objective on shares of Seagate Technology from $750.00 to $900.00 and gave the company a “buy” rating in a research report on Thursday, July 30th. Mizuho boosted their target price on shares of Seagate Technology from $875.00 to $1,090.00 and gave the stock an “outperform” rating in a research report on Monday, June 8th. Cantor Fitzgerald restated an “overweight” rating and issued a $1,300.00 target price on shares of Seagate Technology in a research note on Wednesday, July 29th. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $1,350.00 price target on shares of Seagate Technology in a report on Wednesday, July 29th. Finally, Wedbush lifted their price target on shares of Seagate Technology from $825.00 to $1,000.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 29th. One equities research 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 stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $986.00.

Hedge Funds Weigh In On Seagate Technology

Institutional investors have recently made changes to their positions in the business. NewEdge Advisors LLC grew its position in Seagate Technology by 85.9% in the 1st quarter. NewEdge Advisors LLC now owns 22,046 shares of the data storage provider’s stock valued at $8,637,000 after buying an additional 10,190 shares in the last quarter. GLOBALT Investments LLC GA increased its stake in Seagate Technology by 820.8% during the 4th quarter. GLOBALT Investments LLC GA now owns 9,760 shares of the data storage provider’s stock valued at $2,688,000 after buying an additional 8,700 shares during the period. Tredje AP fonden raised its position in shares of Seagate Technology by 446.6% during the 4th quarter. Tredje AP fonden now owns 111,339 shares of the data storage provider’s stock worth $30,662,000 after buying an additional 90,968 shares in the last quarter. USA Financial Formulas bought a new stake in shares of Seagate Technology during the 1st quarter worth about $1,328,000. Finally, Profund Advisors LLC lifted its stake in shares of Seagate Technology by 458.6% in the 4th quarter. Profund Advisors LLC now owns 20,282 shares of the data storage provider’s stock worth $5,585,000 after acquiring an additional 16,651 shares during the period. 92.87% of the stock is owned by institutional investors and hedge funds.

Key Headlines Impacting Seagate Technology

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

• Positive Sentiment: Analyst commentary remains constructive on Seagate’s fiscal 2027 prospects. Cloud-storage demand, growing AI workloads and the company’s HAMR technology are expected to support revenue growth exceeding fiscal 2026 levels. Can Seagate Sustain Its Strong Revenue Growth in Fiscal 2027?
• Positive Sentiment: Seagate’s recent earnings momentum and exposure to AI infrastructure continue to underpin the bullish case; the company previously exceeded quarterly EPS and revenue expectations and issued strong fiscal 2027 guidance.
• Neutral Sentiment: Management presented at the Goldman Sachs Communacopia + Technology Conference, giving investors additional commentary on the company’s strategy and demand outlook, but no major new financial catalyst was identified. Seagate Technology Holdings plc Presents at Goldman Sachs Communacopia + Technology Conference 2026
• Negative Sentiment: Storage and semiconductor stocks came under selling pressure following an AI algorithmic-efficiency breakthrough, raising concerns that improved efficiency could reduce the near-term intensity of infrastructure spending. Seagate Stock Drops Friday: What’s Going On?
• Negative Sentiment: After roughly tripling during the year, Seagate stock is experiencing profit-taking as investors lock in gains. The pullback reflects elevated expectations and high valuation sensitivity across the storage group. Storage Stocks Slide as Profit Taking Follows Big Run
• Negative Sentiment: CEO William Mosley, CFO Gianluca Romano and executives John Morris and Ban Teh reported stock sales totaling about $4.7 million. The sales were relatively small compared with their remaining holdings, and Ban Teh’s transaction was executed under a pre-arranged Rule 10b5-1 plan, but the cluster of insider selling may add to short-term investor caution. SEC insider transaction filings

About Seagate Technology

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.