Seagate Technology Holdings PLC (NASDAQ:STX – Get Free Report) EVP James Ci Lee sold 3,939 shares of the firm’s stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $849.35, for a total transaction of $3,345,589.65. Following the sale, the executive vice president owned 1,191 shares of the company’s stock, valued at $1,011,575.85. This represents a 76.78% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
James Ci Lee also recently made the following trade(s):
- On Thursday, July 30th, James Ci Lee sold 694 shares of Seagate Technology stock. The shares were sold at an average price of $877.45, for a total transaction of $608,950.30.
Seagate Technology Trading Up 3.4%
STX opened at $821.67 on Wednesday. The stock has a market capitalization of $186.23 billion, a PE ratio of 59.20 and a beta of 2.06. Seagate Technology Holdings PLC has a one year low of $163.72 and a one year high of $1,145.00. The company has a debt-to-equity ratio of 1.56, a quick ratio of 1.17 and a current ratio of 1.67. The business’s 50 day moving average price is $884.55 and its 200 day moving average price is $688.66.
Seagate Technology Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 7th. Investors of record on Thursday, September 24th will be given a dividend of $0.74 per share. This represents a $2.96 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend is Thursday, September 24th. Seagate Technology’s dividend payout ratio (DPR) is presently 21.33%.
Analysts Set New Price Targets
STX has been the topic of a number of recent analyst reports. Susquehanna upped their target price on shares of Seagate Technology from $775.00 to $875.00 and gave the company a “neutral” rating in a research report on Wednesday, July 29th. Cantor Fitzgerald reiterated an “overweight” rating and set a $1,300.00 price target on shares of Seagate Technology in a research report on Wednesday, July 29th. China Renaissance boosted their price target on shares of Seagate Technology from $802.00 to $983.00 in a research note on Friday, June 12th. Sanford C. Bernstein restated an “outperform” rating and issued a $1,350.00 price objective on shares of Seagate Technology in a report on Wednesday, July 29th. Finally, Wedbush increased their price objective on shares of Seagate Technology from $825.00 to $1,000.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 29th. One analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $986.00.
Check Out Our Latest Stock Report on Seagate Technology
Trending Headlines about Seagate Technology
Here are the key news stories impacting Seagate Technology this week:
- Positive Sentiment: Seagate was highlighted as a momentum stock to buy alongside Western Digital and Dell. The Driehaus strategy cited strong earnings performance and favorable price trends, reinforcing the bullish artificial-intelligence and data-storage investment case. Seagate and momentum stocks article
- Positive Sentiment: Wall Street maintains a favorable view, with Seagate carrying a consensus “Moderate Buy” rating and an average price target of approximately $986. Recent target increases from Barclays, Wells Fargo, Bank of America and Cantor Fitzgerald point to continued optimism about storage demand and earnings growth. Seagate analyst recommendation article
- Positive Sentiment: The company’s latest quarterly results exceeded expectations, with earnings per share of $5.71 versus a $5.10 consensus estimate and revenue of $3.63 billion versus $3.50 billion. Revenue increased 48.5% year over year, and fiscal first-quarter 2027 guidance calls for EPS of $7.10 to $7.50.
- Neutral Sentiment: Reported short interest was listed as zero shares with a zero-day days-to-cover ratio. Because the figures include an implausible “NaN” change, the data may reflect a reporting issue rather than a meaningful shift in bearish positioning.
- Neutral Sentiment: Seagate declared a quarterly dividend of $0.74 per share, or $2.96 annualized, representing a yield of about 0.4%. The payout provides modest shareholder income but is unlikely to be a major near-term catalyst.
- Negative Sentiment: Several executives sold shares, including the CEO, CFO and multiple executive vice presidents. The transactions totaled roughly $38 million and reduced some individual holdings significantly. Several sales were made under Rule 10b5-1 plans, which lessens their value as discretionary bearish signals but may still weigh on investor sentiment.
- Negative Sentiment: STX was pressured by a wider technology-sector selloff. Its high beta of 2.06 and elevated valuation make the shares particularly sensitive to risk reduction, profit-taking and concerns about an AI-related hardware reset. Seagate sector weakness article
Institutional Trading of Seagate Technology
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Retirement Wealth Solutions LLC boosted its stake in shares of Seagate Technology by 70.6% in the second quarter. Retirement Wealth Solutions LLC now owns 29 shares of the data storage provider’s stock valued at $28,000 after purchasing an additional 12 shares during the period. Jones Financial Companies Lllp acquired a new stake in Seagate Technology during the 2nd quarter worth approximately $39,000. Trust Co. of Vermont purchased a new position in Seagate Technology in the 2nd quarter valued at approximately $54,000. Triumph Capital Management grew its stake in shares of Seagate Technology by 93.5% in the second quarter. Triumph Capital Management now owns 60 shares of the data storage provider’s stock worth $58,000 after acquiring an additional 29 shares in the last quarter. Finally, Washington Trust Advisors Inc. increased its position in shares of Seagate Technology by 712.5% during the second quarter. Washington Trust Advisors Inc. now owns 65 shares of the data storage provider’s stock worth $62,000 after acquiring an additional 57 shares during the period. 92.87% of the stock is currently owned by hedge funds and other institutional investors.
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.
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