Seagate Technology (NASDAQ:STX) EVP Sells $6,540,691.84 in Stock

Posted by Francis Steltz on May 17th, 2026

Seagate Technology Holdings PLC (NASDAQ:STX – Get Free Report) EVP Ban Seng Teh sold 8,003 shares of the stock in a transaction dated Thursday, May 14th. The stock was sold at an average price of $817.28, for a total transaction of $6,540,691.84. Following the transaction, the executive vice president owned 3,691 shares in the company, valued at approximately $3,016,580.48. The trade was a 68.44% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed 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, 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 transaction of $6,147,241.65.

Seagate Technology Stock Down 1.2%

Shares of Seagate Technology stock opened at $795.47 on Friday. The company has a debt-to-equity ratio of 3.16, a current ratio of 1.33 and a quick ratio of 0.85. Seagate Technology Holdings PLC has a 1 year low of $103.73 and a 1 year high of $841.31. The firm’s 50-day moving average is $526.24 and its two-hundred day moving average is $393.24. The stock has a market cap of $178.37 billion, a price-to-earnings ratio of 75.47 and a beta of 1.98.

Seagate Technology (NASDAQ:STX – Get Free Report) last issued its earnings results on Tuesday, April 28th. The data storage provider reported $4.10 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company had revenue of $3.11 billion for the quarter, compared to analysts’ expectations of $2.96 billion. During the same period in the prior year, the business earned $1.90 EPS. The firm’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, research analysts expect that Seagate Technology Holdings PLC will post 14.1 earnings per share for the current fiscal year.

Seagate Technology Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 7th. Stockholders of record on Wednesday, June 24th will be issued a $0.74 dividend. This represents a $2.96 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date is Wednesday, June 24th. Seagate Technology’s dividend payout ratio (DPR) is currently 28.08%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on STX. Bank of America raised their price target on shares of Seagate Technology from $700.00 to $840.00 and gave the company a “buy” rating in a report on Monday, April 27th. Sanford C. Bernstein raised their price target on shares of Seagate Technology from $620.00 to $1,000.00 and gave the company an “outperform” rating in a report on Wednesday, April 29th. Argus raised their price target on shares of Seagate Technology from $450.00 to $750.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Barclays raised their price target on shares of Seagate Technology from $625.00 to $750.00 and gave the company an “overweight” rating in a report on Wednesday, April 29th. Finally, Citigroup raised their price target on shares of Seagate Technology from $595.00 to $740.00 and gave the company a “buy” rating in a report on Wednesday, April 29th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, Seagate Technology has a consensus rating of “Moderate Buy” and a consensus target price of $733.71.

Check Out Our Latest Research Report on STX

Seagate Technology News Roundup

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

Positive Sentiment: Loop Capital raised its price target on Seagate Technology (STX) from $950 to $1,140 and reiterated a buy rating, signaling confidence that AI-driven storage demand and Seagate’s product mix can keep earnings momentum strong.
Positive Sentiment: Recent market coverage continues to highlight Seagate as a beneficiary of booming AI data center spending, with strong enterprise storage demand and HAMR adoption supporting the company’s growth outlook.
Neutral Sentiment: Seagate also remains in focus after reporting a strong earnings beat and raising guidance, which reinforces the view that fundamentals are improving even after a sharp run-up in the share price.
Negative Sentiment: Investor sentiment may be pressured by recent insider selling, as EVP Ban Seng Teh sold shares in two transactions under a pre-arranged 10b5-1 plan, which can still be read cautiously by the market.
Negative Sentiment: The planned retirement of Lead Independent Director Mike Cannon adds a governance change that could create some uncertainty, even though it does not directly affect operations.

Hedge Funds Weigh In On Seagate Technology

Hedge funds and other institutional investors have recently modified their holdings of the stock. Annis Gardner Whiting Capital Advisors LLC raised 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 valued at $31,000 after purchasing an additional 15 shares during the last quarter. Salomon & Ludwin LLC raised its position in shares of Seagate Technology by 124.4% in the 4th quarter. Salomon & Ludwin LLC now owns 92 shares of the data storage provider’s stock valued at $27,000 after purchasing an additional 51 shares during the last quarter. WealthCollab LLC raised 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 valued at $36,000 after purchasing an additional 20 shares during the last quarter. Catalyst Capital Advisors LLC purchased a new position in shares of Seagate Technology in the 1st quarter valued at approximately $39,000. Finally, Armstrong Advisory Group Inc. purchased a new position in shares of Seagate Technology in the 4th quarter valued at approximately $28,000. 92.87% of the stock is owned by hedge funds and other institutional investors.

Seagate Technology Company Profile

(Get Free Report)

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.