Insider Selling: Seagate Technology (NASDAQ:STX) EVP Sells 547 Shares of Stock

Seagate Technology Holdings PLC (NASDAQ:STX) EVP James Lee sold 547 shares of the firm’s stock in a transaction dated Friday, October 23rd. The stock was sold at an average price of $642.14, for a total transaction of $351,250.58. Following the transaction, the executive vice president directly owned 1,037 shares in the company, valued at approximately $665,899.18. This represents a 34.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available 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 value 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 Price Performance

Seagate Technology stock traded up $13.72 during trading hours on Monday, reaching $644.21. 4,249,142 shares of the stock were exchanged, compared to its average volume of 4,411,126. 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 $217.67 and a twelve month high of $1,145.00. The company has a market cap of $146.49 billion, a P/E ratio of 46.41 and a beta of 2.06. The stock has a 50 day moving average of $820.59 and a two-hundred day moving average of $812.85.

Seagate Technology (NASDAQ:STX) last issued 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. 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 during the quarter, compared to analysts’ expectations of $3.50 billion. During the same period in the previous year, the company earned $2.59 EPS. The business’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. Equities analysts expect that Seagate Technology Holdings PLC will post 35.79 EPS for the current fiscal year.

Seagate Technology Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 7th. Investors of record on Thursday, September 24th were paid a $0.74 dividend. This represents a $2.96 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend was Thursday, September 24th. Seagate Technology’s dividend payout ratio (DPR) is 21.33%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on STX shares. Wells Fargo & Company cut their target price on Seagate Technology from $1,180.00 to $865.00 and set an “overweight” rating for the company in a research note on Friday, October 16th. Rosenblatt Securities set a $1,100.00 target price on Seagate Technology in a report on Monday. Citigroup lifted their price target on Seagate Technology from $1,240.00 to $1,300.00 and gave the company a “buy” rating in a research note on Wednesday, July 29th. Barclays boosted their price target on Seagate Technology from $1,000.00 to $1,250.00 and gave the stock an “overweight” rating in a report on Thursday, July 30th. Finally, Morgan Stanley upped their price objective on Seagate Technology from $1,187.00 to $1,200.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 20th. Twenty-two research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $951.92.

More Seagate Technology News

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

• Positive Sentiment: Strong HDD demand supports earnings outlook: Analysts project that Seagate will exceed fiscal first-quarter 2027 earnings expectations, helped by surging AI and cloud infrastructure demand, improved pricing and increased adoption of its Mozaic technology. Management’s guidance calls for EPS of $7.10 to $7.50. Seagate Technology Q1 preview: Analysts project earnings beat amid strong HDD demand
• Positive Sentiment: AI storage partnership expands Seagate’s addressable market: Seagate announced expanded interoperability between its high-capacity HAMR and SMR storage technologies and Broadcom platforms. The solution has been validated for hyperscale deployment by Microsoft Azure, potentially strengthening Seagate’s position with major cloud customers. Seagate Simplifies High-Capacity Storage Scaling for AI and Cloud Infrastructure
• Positive Sentiment: Recent operating momentum provides a favorable backdrop: Seagate’s latest reported quarter delivered EPS of $5.71 versus the $5.10 consensus estimate, while revenue rose 48.5% year over year to $3.63 billion. The upcoming earnings report is therefore a key catalyst for confirming whether AI-driven demand and pricing strength are continuing. Seagate Eyes a Q1 Earnings Beat: Is the Stock Worth Buying Now?
• Neutral Sentiment: Investor attention is centered on the earnings release: Seagate is scheduled to report results after the market close, with investors watching revenue, margins, pricing, capacity expansion and forward guidance. Earnings to watch: Seagate reports results
• Negative Sentiment: Production capacity remains a risk: Bank of America said demand for AI-era storage may be outpacing Seagate’s ability to expand production, creating execution and supply constraints even as demand remains strong. Seagate’s booming business comes with an unexpected twist
• Negative Sentiment: One analyst reduced its valuation target: Cantor Fitzgerald lowered its price target from $1,300 to $1,000, although it maintained an “overweight” rating, signaling continued optimism but a more cautious valuation outlook.

Institutional Trading of Seagate Technology

Several institutional investors have recently modified their holdings of STX. Retirement Wealth Solutions LLC boosted its position in Seagate Technology by 70.6% during 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 last quarter. Jones Financial Companies Lllp bought a new position in shares of Seagate Technology in the 2nd quarter worth about $39,000. One River Asset Management LLC raised its position in shares of 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 worth $42,000 after acquiring an additional 15 shares in the last quarter. Trust Co. of Vermont acquired a new position in shares of Seagate Technology in the 2nd quarter valued at about $54,000. Finally, Triumph Capital Management lifted its stake in shares of Seagate Technology by 93.5% in the 2nd quarter. Triumph Capital Management now owns 60 shares of the data storage provider’s stock valued at $58,000 after purchasing an additional 29 shares during the period. Institutional investors 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.