Seagate Technology (NASDAQ:STX) Director Sells $663,997.50 in Stock

Seagate Technology Holdings PLC (NASDAQ:STX) Director Yolanda Lee Conyers sold 750 shares of the firm’s stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $885.33, for a total transaction of $663,997.50. Following the sale, the director directly owned 4,101 shares of the company’s stock, valued at approximately $3,630,738.33. This trade represents a 15.46% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Seagate Technology Stock Performance

NASDAQ:STX opened at $925.99 on Friday. The company has a quick ratio of 0.85, a current ratio of 1.33 and a debt-to-equity ratio of 3.16. Seagate Technology Holdings PLC has a twelve month low of $124.63 and a twelve month high of $966.80. The company has a fifty day moving average of $652.82 and a 200-day moving average of $451.46. The firm has a market capitalization of $207.63 billion, a P/E ratio of 87.85 and a beta of 2.04.

Seagate Technology (NASDAQ:STX) last posted its quarterly earnings results on Tuesday, April 28th. The data storage provider reported $4.10 EPS for the quarter, topping analysts’ consensus estimates of $3.51 by $0.59. Seagate Technology had a net margin of 21.60% and a return on equity of 1,005.65%. The business had revenue of $3.11 billion during the quarter, compared to analysts’ expectations of $2.96 billion. During the same period last year, the company posted $1.90 earnings per share. The business’s quarterly revenue was up 44.1% on a year-over-year basis. Seagate Technology has set its Q4 2026 guidance at 4.800-5.200 EPS. As a group, sell-side analysts anticipate that Seagate Technology Holdings PLC will post 14.1 EPS for the current year.

Seagate Technology Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 7th. Stockholders of record on Wednesday, June 24th will be paid a $0.74 dividend. The ex-dividend date is Wednesday, June 24th. This represents a $2.96 annualized dividend and a dividend yield of 0.3%. Seagate Technology’s dividend payout ratio (DPR) is currently 28.08%.

Key Headlines Impacting Seagate Technology

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

• Positive Sentiment: Analysts continue to view Seagate as a beneficiary of the AI data-center buildout, with recent coverage naming STX among growth stocks helped by massive infrastructure spending. Buy These 5 Growth Stocks in June Amid Massive AI Infrastructure Boost
• Positive Sentiment: Seagate has also been highlighted as a stock hitting record levels and extending a strong rally, reinforcing momentum-driven buying interest. Data Storage Name Could See More Records
• Positive Sentiment: Wall Street sentiment remains constructive, with multiple recent analyst upgrades and price-target increases signaling expectations for further upside in Seagate shares.
• Neutral Sentiment: Seagate’s recent conference presentation kept the company in the spotlight, but no major new operating guidance was disclosed in the article list provided. Seagate Technology Holdings plc Presents at Bank of America 2026 Global Technology Conference Transcript
• Negative Sentiment: Director Shankar Arumugavelu sold 1,000 shares, and earlier insider sales by other directors may temper enthusiasm, even though these transactions do not necessarily signal a change in fundamentals.
• Negative Sentiment: News of Seagate’s $175 million settlement over Huawei-related claims could keep legal and compliance risk in focus for investors, despite reducing some uncertainty. Seagate Settlement Over Huawei Sales Reframes Risks For Soaring Stock Narrative

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of STX. WCM Investment Management LLC bought a new stake in Seagate Technology during the third quarter worth $1,187,621,000. Arrowstreet Capital Limited Partnership grew its stake in shares of Seagate Technology by 1,072.5% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 2,949,512 shares of the data storage provider’s stock worth $696,262,000 after acquiring an additional 2,697,957 shares in the last quarter. Massachusetts Financial Services Co. MA grew its stake in shares of Seagate Technology by 1,510.1% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 2,008,516 shares of the data storage provider’s stock worth $553,125,000 after acquiring an additional 1,883,769 shares in the last quarter. Norges Bank purchased a new stake in shares of Seagate Technology in the fourth quarter valued at about $498,363,000. Finally, Soroban Capital Partners LP lifted its position in shares of Seagate Technology by 1,468.1% during the second quarter. Soroban Capital Partners LP now owns 1,417,600 shares of the data storage provider’s stock valued at $204,602,000 after purchasing an additional 1,327,197 shares in the last quarter. Institutional investors own 92.87% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have issued reports on STX shares. TD Cowen increased their price target on Seagate Technology from $500.00 to $850.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th. Wells Fargo & Company upped their target price on Seagate Technology from $700.00 to $900.00 and gave the stock an “equal weight” rating in a research report on Monday. Evercore increased their target price on Seagate Technology from $750.00 to $1,000.00 and gave the stock an “outperform” rating in a report on Tuesday, May 12th. Argus lifted their price target on shares of Seagate Technology from $450.00 to $750.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. Finally, Zacks Research upgraded shares of Seagate Technology from a “hold” rating to a “strong-buy” rating in a research note on Friday, May 1st. One analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, Seagate Technology has a consensus rating of “Moderate Buy” and an average price target of $772.04.

About Seagate Technology

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.