Seagate Technology (NASDAQ:STX) EVP Sells $234,776.05 in Stock

Seagate Technology Holdings PLC (NASDAQ:STX) EVP James Ci Lee sold 673 shares of the stock in a transaction that occurred on Monday, January 26th. The stock was sold at an average price of $348.85, for a total value of $234,776.05. Following the transaction, the executive vice president owned 257 shares in the company, valued at $89,654.45. This represents a 72.37% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Seagate Technology Price Performance

Shares of NASDAQ STX opened at $442.93 on Thursday. The company has a 50 day simple moving average of $297.13 and a 200-day simple moving average of $235.15. Seagate Technology Holdings PLC has a 1 year low of $63.19 and a 1 year high of $449.50. The company has a market capitalization of $94.59 billion, a P/E ratio of 56.86, a P/E/G ratio of 1.08 and a beta of 1.60.

Seagate Technology (NASDAQ:STX) last announced its earnings results on Tuesday, January 27th. The data storage provider reported $3.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.77 by $0.34. The company had revenue of $2.83 billion for the quarter, compared to analyst estimates of $2.73 billion. Seagate Technology had a negative return on equity of 462.62% and a net margin of 19.59%.The firm’s quarterly revenue was up 21.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.03 earnings per share. Seagate Technology has set its Q3 2026 guidance at 3.200-3.600 EPS. As a group, research analysts expect that Seagate Technology Holdings PLC will post 6.83 EPS for the current year.

Seagate Technology Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 8th. Investors of record on Wednesday, March 25th will be paid a dividend of $0.74 per share. The ex-dividend date is Wednesday, March 25th. This represents a $2.96 dividend on an annualized basis and a yield of 0.7%. Seagate Technology’s dividend payout ratio is currently 38.00%.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on STX. Loop Capital lifted their price target on shares of Seagate Technology from $350.00 to $465.00 and gave the company a “buy” rating in a research report on Monday, November 10th. Exane BNP Paribas upgraded Seagate Technology from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 21st. Sanford C. Bernstein upped their price target on shares of Seagate Technology from $275.00 to $370.00 and gave the stock an “outperform” rating in a research report on Thursday, November 6th. China Renaissance boosted their price target on Seagate Technology from $325.00 to $452.00 and gave the stock a “buy” rating in a research report on Thursday, January 15th. Finally, Morgan Stanley upped their price objective on shares of Seagate Technology from $337.00 to $372.00 and gave the company an “overweight” rating in a research report on Thursday, January 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, Seagate Technology has a consensus rating of “Moderate Buy” and a consensus price target of $392.35.

Hedge Funds Weigh In On Seagate Technology

A number of hedge funds have recently added to or reduced their stakes in STX. Integrated Wealth Concepts LLC lifted its position in shares of Seagate Technology by 168.0% in the 1st quarter. Integrated Wealth Concepts LLC now owns 7,177 shares of the data storage provider’s stock worth $610,000 after buying an additional 4,499 shares during the last quarter. Sivia Capital Partners LLC bought a new stake in shares of Seagate Technology during the 2nd quarter valued at about $262,000. Public Employees Retirement System of Ohio acquired a new stake in Seagate Technology during the second quarter worth about $380,000. Sound Income Strategies LLC lifted its holdings in Seagate Technology by 143.3% in the second quarter. Sound Income Strategies LLC now owns 1,535 shares of the data storage provider’s stock worth $222,000 after acquiring an additional 904 shares during the last quarter. Finally, GC Wealth Management RIA LLC acquired a new position in Seagate Technology in the second quarter valued at approximately $286,000. Institutional investors and hedge funds own 92.87% of the company’s stock.

Seagate Technology News Summary

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

• Positive Sentiment: Q2 results beat expectations: Seagate reported stronger-than-expected EPS and revenue, posted record margins and issued above-consensus Q3 guidance (EPS 3.20–3.60; revenue ~$2.8–3.0B), which supports earnings momentum and valuation expansion. Read More.
• Positive Sentiment: AI-driven storage demand and supply tightness: Management and market reports say data-center/A I demand has surged, and Seagate’s CEO says the company is “sold out through 2026,” implying sustained revenue visibility and pricing leverage. Read More. Read More.
• Positive Sentiment: Major analyst upgrades and higher price targets: Several firms raised targets and ratings (including Cantor, TD Cowen, Rosenblatt pushing targets toward $500), amplifying momentum and buy-side interest. Read More.
• Neutral Sentiment: Dividend continues to be paid: Seagate declared a quarterly dividend, supporting income-minded holders but small relative to capital gains drivers. (Company release)
• Neutral Sentiment: Mixed analyst targets: Some firms raised price targets but left neutral/equal-weight ratings (Wells Fargo, Barclays, UBS); others raised targets but still sit below the current market price — this creates divergent expectations about upside from here. Read More. Read More.
• Negative Sentiment: Short-term profit-taking and “cooling off” risk: Some commentary noted the stock may pull back after the initial pop despite strong results; elevated short-term volatility is possible as investors lock in gains. Read More.
• Negative Sentiment: Valuation and target dispersion: The stock’s rally has pushed valuation measures higher (P/E expansion); analysts’ target dispersion means downside risk if AI demand growth moderates or margins normalize. Read More.

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.