Seagate Technology (NASDAQ:STX) EVP Ban Seng Teh Sells 1,410 Shares of Stock

Seagate Technology Holdings PLC (NASDAQ:STX) EVP Ban Seng Teh sold 1,410 shares of Seagate Technology stock in a transaction that occurred on Monday, October 13th. The stock was sold at an average price of $225.56, for a total transaction of $318,039.60. Following the transaction, the executive vice president directly owned 18,041 shares in the company, valued at $4,069,327.96. The trade was a 7.25% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

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

• On Thursday, September 11th, Ban Seng Teh sold 3,732 shares of Seagate Technology stock. The stock was sold at an average price of $193.30, for a total transaction of $721,395.60.
• On Monday, August 11th, Ban Seng Teh sold 1,724 shares of Seagate Technology stock. The shares were sold at an average price of $151.61, for a total transaction of $261,375.64.
• On Friday, August 1st, Ban Seng Teh sold 5,905 shares of Seagate Technology stock. The shares were sold at an average price of $155.00, for a total transaction of $915,275.00.

Seagate Technology Price Performance

NASDAQ:STX opened at $219.38 on Thursday. The stock has a market capitalization of $46.72 billion, a PE ratio of 32.40, a price-to-earnings-growth ratio of 0.95 and a beta of 1.63. The business’s 50-day simple moving average is $195.03 and its 200-day simple moving average is $143.09. Seagate Technology Holdings PLC has a fifty-two week low of $63.19 and a fifty-two week high of $264.83.

Seagate Technology (NASDAQ:STX) last announced its earnings results on Tuesday, July 29th. The data storage provider reported $2.59 EPS for the quarter, topping the consensus estimate of $2.45 by $0.14. Seagate Technology had a net margin of 16.15% and a negative return on equity of 169.60%. The firm had revenue of $2.44 billion for the quarter, compared to the consensus estimate of $2.40 billion. During the same period last year, the company posted $1.05 EPS. The business’s quarterly revenue was up 29.5% on a year-over-year basis. Seagate Technology has set its Q1 2026 guidance at 2.100-2.500 EPS. On average, research analysts expect that Seagate Technology Holdings PLC will post 6.83 earnings per share for the current year.

Seagate Technology Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 9th. Stockholders of record on Tuesday, September 30th were issued a $0.72 dividend. This represents a $2.88 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date was Tuesday, September 30th. Seagate Technology’s payout ratio is 42.54%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on STX. The Goldman Sachs Group lifted their target price on Seagate Technology from $170.00 to $270.00 and gave the company a “buy” rating in a research report on Wednesday, October 8th. Mizuho increased their target price on shares of Seagate Technology from $160.00 to $245.00 and gave the stock an “outperform” rating in a report on Friday, September 19th. TD Cowen boosted their price target on shares of Seagate Technology from $135.00 to $175.00 and gave the stock a “buy” rating in a research report on Wednesday, July 30th. UBS Group increased their price objective on shares of Seagate Technology from $85.00 to $155.00 and gave the stock a “neutral” rating in a research note on Monday, July 21st. Finally, Cantor Fitzgerald lifted their target price on Seagate Technology from $175.00 to $280.00 and gave the company an “overweight” rating in a research report on Monday, September 22nd. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $214.89.

Institutional Trading of Seagate Technology

A number of hedge funds have recently made changes to their positions in the business. Harbor Asset Planning Inc. bought a new stake in Seagate Technology in the 2nd quarter valued at $27,000. Rakuten Securities Inc. increased its holdings in shares of Seagate Technology by 884.2% in the second quarter. Rakuten Securities Inc. now owns 187 shares of the data storage provider’s stock valued at $27,000 after purchasing an additional 168 shares during the last quarter. MTM Investment Management LLC acquired a new position in shares of Seagate Technology in the second quarter valued at $29,000. GoalVest Advisory LLC boosted its holdings in shares of Seagate Technology by 30.6% during the 2nd quarter. GoalVest Advisory LLC now owns 320 shares of the data storage provider’s stock worth $46,000 after buying an additional 75 shares during the period. Finally, Wayfinding Financial LLC bought a new stake in shares of Seagate Technology during the 1st quarter worth about $31,000. 92.87% of the stock is owned by institutional investors and hedge funds.

Seagate Technology Company Profile

Seagate Technology Holdings plc provides data storage technology and solutions in Singapore, the United States, the Netherlands, and internationally. It provides mass capacity storage products, including enterprise nearline hard disk drives (HDDs), enterprise nearline solid state drives (SSDs), enterprise nearline systems, video and image HDDs, and network-attached storage drives.