Seagate Technology (NASDAQ:STX) EVP Ban Seng Teh Sells 989 Shares

Seagate Technology Holdings PLC (NASDAQ:STX) EVP Ban Seng Teh sold 989 shares of the stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $880.19, for a total value of $870,507.91. Following the completion of the transaction, the executive vice president directly owned 4,290 shares of the company’s stock, valued at approximately $3,776,015.10. The trade was a 18.73% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Wednesday, June 10th, Ban Seng Teh sold 663 shares of Seagate Technology stock. The stock was sold at an average price of $821.86, for a total value of $544,893.18.
• On Wednesday, May 13th, Ban Seng Teh sold 7,557 shares of Seagate Technology stock. The stock was sold at an average price of $813.45, for a total value of $6,147,241.65.
• On Thursday, May 14th, Ban Seng Teh sold 8,003 shares of Seagate Technology stock. The stock was sold at an average price of $817.28, for a total value of $6,540,691.84.

Seagate Technology Price Performance

Shares of STX traded up $87.76 during mid-day trading on Monday, reaching $1,018.80. The company had a trading volume of 5,765,341 shares, compared to its average volume of 4,086,535. Seagate Technology Holdings PLC has a twelve month low of $127.61 and a twelve month high of $1,032.52. The company has a debt-to-equity ratio of 3.16, a current ratio of 1.33 and a quick ratio of 0.85. The company’s 50-day moving average is $709.54 and its 200-day moving average is $477.38. The company has a market capitalization of $228.45 billion, a P/E ratio of 96.66 and a beta of 2.04.

Seagate Technology (NASDAQ:STX) last issued its earnings results on Tuesday, April 28th. The data storage provider reported $4.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.51 by $0.59. Seagate Technology had a return on equity of 1,005.65% and a net margin of 21.60%.The business had revenue of $3.11 billion during the quarter, compared to analysts’ expectations of $2.96 billion. During the same period in the prior year, the firm posted $1.90 EPS. Seagate Technology’s quarterly revenue was up 44.1% compared to the same quarter last year. Seagate Technology has set its Q4 2026 guidance at 4.800-5.200 EPS. On average, equities analysts anticipate that Seagate Technology Holdings PLC will post 14.14 EPS for the current year.

Seagate Technology Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 7th. Investors of record on Wednesday, June 24th will be given a dividend of $0.74 per share. The ex-dividend date is Wednesday, June 24th. This represents a $2.96 dividend on an annualized basis and a yield of 0.3%. Seagate Technology’s dividend payout ratio is 28.08%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Bridgewater Advisors Inc. boosted its position in shares of Seagate Technology by 0.9% in the 1st quarter. Bridgewater Advisors Inc. now owns 1,477 shares of the data storage provider’s stock worth $579,000 after purchasing an additional 13 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC boosted its position in shares of Seagate Technology by 23.1% in the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 80 shares of the data storage provider’s stock worth $31,000 after purchasing an additional 15 shares during the last quarter. Beaumont Financial Advisors LLC boosted its position in shares of Seagate Technology by 2.1% in the 1st quarter. Beaumont Financial Advisors LLC now owns 820 shares of the data storage provider’s stock worth $321,000 after purchasing an additional 17 shares during the last quarter. Cornerstone Wealth Group LLC boosted its position in shares of Seagate Technology by 0.5% in the 1st quarter. Cornerstone Wealth Group LLC now owns 3,542 shares of the data storage provider’s stock worth $1,388,000 after purchasing an additional 19 shares during the last quarter. Finally, WealthCollab LLC boosted its position in shares of Seagate Technology by 27.4% in the 1st quarter. WealthCollab LLC now owns 93 shares of the data storage provider’s stock worth $36,000 after purchasing an additional 20 shares during the last quarter. 92.87% of the stock is currently owned by institutional investors.

Seagate Technology News Roundup

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

• Positive Sentiment: Morgan Stanley boosted Seagate’s price target to $1,035 and reiterated an Overweight rating, signaling confidence that HDD pricing and demand are strengthening. Benzinga
• Positive Sentiment: Analysts said Seagate and Western Digital should benefit from improving HDD demand, which supports the idea that storage supply is tightening just as AI-related data needs are rising. Article
• Positive Sentiment: Multiple market notes highlighted Seagate as an AI infrastructure beneficiary, with tighter memory and storage supply helping drive interest in STX alongside other memory names. Zacks
• Positive Sentiment: Seagate’s recent debt redemption removed about $150.7 million of exchangeable notes, improving the balance sheet and reducing leverage risk. Article
• Neutral Sentiment: Commentary on Seagate’s long-term performance and whether the stock can reach $1,000 in 2026 may keep investor attention high, but it is mostly sentiment-driven rather than a new fundamental catalyst. MSN
• Neutral Sentiment: Broader tech and AI stock strength, helped by a market rally and relief over Middle East developments, is also providing a favorable backdrop for STX. Article

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Wells Fargo & Company increased their price target on Seagate Technology from $700.00 to $900.00 and gave the stock an “equal weight” rating in a research report on Monday, June 1st. UBS Group increased their price target on Seagate Technology from $515.00 to $545.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 29th. Barclays increased their price target on Seagate Technology from $750.00 to $1,000.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 27th. JPMorgan Chase & Co. increased their price target on Seagate Technology from $775.00 to $920.00 and gave the stock an “overweight” rating in a research report on Thursday. Finally, Rosenblatt Securities increased their price target on Seagate Technology from $500.00 to $1,000.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. One research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $831.79.

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.