Seagate Technology (NASDAQ:STX) EVP Sells $422,625.72 in Stock

Seagate Technology Holdings PLC (NASDAQ:STX) EVP Ban Seng Teh sold 1,412 shares of the firm’s stock in a transaction dated Monday, January 12th. The shares were sold at an average price of $299.31, for a total transaction of $422,625.72. Following the completion of the transaction, the executive vice president directly owned 13,693 shares in the company, valued at $4,098,451.83. This trade represents a 9.35% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

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

• On Wednesday, November 5th, Ban Seng Teh sold 6,000 shares of Seagate Technology stock. The stock was sold at an average price of $270.00, for a total transaction of $1,620,000.00.

Seagate Technology Price Performance

Shares of NASDAQ STX opened at $326.23 on Friday. The company’s 50 day simple moving average is $283.10 and its 200 day simple moving average is $222.83. Seagate Technology Holdings PLC has a fifty-two week low of $63.19 and a fifty-two week high of $335.02. The firm has a market capitalization of $69.67 billion, a P/E ratio of 41.88, a P/E/G ratio of 1.25 and a beta of 1.60.

Seagate Technology Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 9th. Shareholders of record on Wednesday, December 24th were issued a dividend of $0.74 per share. This represents a $2.96 dividend on an annualized basis and a yield of 0.9%. This is an increase from Seagate Technology’s previous quarterly dividend of $0.72. The ex-dividend date was Wednesday, December 24th. Seagate Technology’s dividend payout ratio (DPR) is 38.00%.

Trending Headlines about Seagate Technology

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

• Positive Sentiment: China Renaissance raised its price target to $452 and maintained a “buy” rating — a large upside (~41% from recent levels) that supports further upside expectations for STX. China Renaissance raises PT to $452
• Positive Sentiment: Barclays bumped its target to $370 and kept an “equal weight” rating — another notable upgrade that adds institutional validation to the stock’s rally. Barclays raises PT to $370
• Positive Sentiment: Wells Fargo raised its target to $360 (still “equal weight”), signaling broader analyst re‑rating of Seagate amid stronger end‑market demand expectations. Wells Fargo raises PT to $360
• Positive Sentiment: Media coverage and analyst commentary point to an AI‑driven memory/mass‑storage rally benefiting STX and peers — Susquehanna and others highlighted the sector strength on a recent segment. STX & WDC Gain Analyst Support Amid Surging Memory Chip Rally
• Neutral Sentiment: A Zacks piece lists Seagate among technology solutions beneficiaries (multi‑cloud and integrated systems demand) — supportive context but not company‑specific new data. 4 Stocks to Watch From a Prospering Technology Solutions Industry
• Neutral Sentiment: Susquehanna formally moved Seagate from “negative” to “neutral” with a $280 target — an upgrade in tone but a target below current market levels, creating a mixed signal for investors. Susquehanna moves STX to neutral, PT $280
• Negative Sentiment: Insider activity: EVP Ban Seng Teh sold 1,412 shares (~$299 avg), trimming his stake. Insider sales can weigh on sentiment even if not large relative to holdings. SEC Form 4: Ban Seng Teh sale

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on STX shares. Rosenblatt Securities raised their price target on Seagate Technology from $250.00 to $270.00 and gave the stock a “buy” rating in a research report on Wednesday, October 29th. Fox Advisors boosted their price target on Seagate Technology from $245.00 to $270.00 in a report on Wednesday, October 29th. Loop Capital increased their price objective on Seagate Technology from $350.00 to $465.00 and gave the stock a “buy” rating in a report on Monday, November 10th. Evercore ISI boosted their target price on Seagate Technology from $160.00 to $330.00 and gave the company an “outperform” rating in a research note on Monday, October 13th. Finally, Zacks Research raised Seagate Technology from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 2nd. Two analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $320.39.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of STX. Sovereign Financial Group Inc. raised its stake in shares of Seagate Technology by 3.2% during the 4th quarter. Sovereign Financial Group Inc. now owns 1,063 shares of the data storage provider’s stock worth $293,000 after purchasing an additional 33 shares in the last quarter. Pallas Capital Advisors LLC raised its position in Seagate Technology by 0.6% during the fourth quarter. Pallas Capital Advisors LLC now owns 5,446 shares of the data storage provider’s stock worth $1,500,000 after acquiring an additional 33 shares in the last quarter. West Family Investments Inc. lifted its stake in Seagate Technology by 2.7% in the third quarter. West Family Investments Inc. now owns 1,428 shares of the data storage provider’s stock valued at $337,000 after acquiring an additional 37 shares during the last quarter. Capital Investment Advisors LLC grew its position in shares of Seagate Technology by 1.9% in the 4th quarter. Capital Investment Advisors LLC now owns 1,950 shares of the data storage provider’s stock valued at $537,000 after acquiring an additional 37 shares during the period. Finally, United Community Bank increased its stake in shares of Seagate Technology by 35.2% during the 3rd quarter. United Community Bank now owns 169 shares of the data storage provider’s stock worth $40,000 after purchasing an additional 44 shares during the last quarter. 92.87% of the stock is currently owned by institutional investors.

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.