Seagate Technology Holdings PLC (NASDAQ:STX – Get Free Report) EVP Ban Teh sold 989 shares of the business’s stock in a transaction dated Monday, September 14th. The stock was sold at an average price of $779.00, for a total transaction of $770,431.00. Following the sale, the executive vice president directly owned 5,810 shares in the company, valued at $4,525,990. The trade was a 14.55% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available 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 Thursday, September 10th, Ban Teh sold 663 shares of Seagate Technology stock. The shares were sold at an average price of $860.09, for a total transaction of $570,239.67.
- On Thursday, August 20th, Ban Teh sold 6,048 shares of Seagate Technology stock. The stock was sold at an average price of $842.97, for a total value of $5,098,282.56.
- On Friday, August 21st, Ban Teh sold 9,862 shares of Seagate Technology stock. The stock was sold at an average price of $852.97, for a total value of $8,411,990.14.
- On Thursday, August 13th, Ban Teh sold 7,361 shares of Seagate Technology stock. The shares were sold at an average price of $920.80, for a total value of $6,778,008.80.
Seagate Technology Stock Down 4.2%
Shares of NASDAQ:STX opened at $771.81 on Wednesday. The company has a current ratio of 1.67, a quick ratio of 1.17 and a debt-to-equity ratio of 1.56. The stock has a fifty day simple moving average of $846.41 and a two-hundred day simple moving average of $733.04. Seagate Technology Holdings PLC has a 12-month low of $206.26 and a 12-month high of $1,145.00. The stock has a market capitalization of $175.50 billion, a price-to-earnings ratio of 55.61 and a beta of 2.06.
Seagate Technology Announces Dividend
The company 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 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend is Thursday, September 24th. Seagate Technology’s dividend payout ratio is 21.33%.
Wall Street Analyst Weigh In
Several research analysts have issued reports on the stock. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Seagate Technology in a report on Wednesday, June 24th. Fox Advisors downgraded shares of Seagate Technology from an “overweight” rating to an “equal weight” rating in a research report on Monday, June 22nd. Susquehanna boosted their price objective on shares of Seagate Technology from $775.00 to $875.00 and gave the stock a “neutral” rating in a report on Wednesday, July 29th. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $1,350.00 price objective on shares of Seagate Technology in a research report on Wednesday, July 29th. Finally, Wall Street Zen downgraded Seagate Technology from a “strong-buy” rating to a “buy” rating in a research note on Sunday, September 6th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, Seagate Technology presently has an average rating of “Moderate Buy” and an average price target of $986.00.
View Our Latest Analysis on STX
Trending Headlines about Seagate Technology
Here are the key news stories impacting Seagate Technology this week:
- Positive Sentiment: Seagate is positioned as a major beneficiary of AI-driven hard-disk-drive demand. Fidelity’s investment commentary highlights the company’s exposure to expanding data-storage requirements, while Seagate’s recent results showed 48.5% year-over-year revenue growth and earnings above expectations. Seagate Technology as an AI storage beneficiary
- Positive Sentiment: A Seagate-sponsored global study found that 99% of organizations expect AI to increase storage needs, although only 38% say they are fully prepared. The findings support a long-term demand case for Seagate’s storage products. Seagate AI storage demand research
- Neutral Sentiment: Analysts and industry coverage point to strong nearline demand, hyperscale contracts and next-generation HAMR drive shipments. However, investors are questioning whether much of the AI-storage opportunity is already reflected in STX’s valuation. Seagate versus Western Digital AI storage demand
- Negative Sentiment: Several executives reported sizable stock sales. CFO Gianluca Romano’s transactions reduced his holdings substantially, while CEO William Mosley and other executives also sold shares. The filings state that many sales were made under Rule 10b5-1 plans or to cover tax obligations, reducing their signaling value but still adding short-term investor concern. Seagate executive stock sale filing
- Negative Sentiment: STX has also been caught in a broader technology selloff after prominent AI executives called for a more deliberate pace of frontier-model development. The move has pressured AI-exposed storage and semiconductor names despite Seagate’s favorable demand outlook. Technology stock selloff
Institutional Investors Weigh In On Seagate Technology
Hedge funds and other institutional investors have recently made changes to their positions in the business. Retirement Wealth Solutions LLC lifted its position 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 acquiring an additional 12 shares in the last quarter. Bridgewater Advisors Inc. increased its position in Seagate Technology by 0.9% during the 1st quarter. Bridgewater Advisors Inc. now owns 1,477 shares of the data storage provider’s stock worth $579,000 after purchasing an additional 13 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC increased its position in Seagate Technology by 23.1% during the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 80 shares of the data storage provider’s stock worth $31,000 after purchasing an additional 15 shares in the last quarter. Blalock Williams LLC raised its stake in Seagate Technology by 2.6% in the 2nd quarter. Blalock Williams LLC now owns 636 shares of the data storage provider’s stock valued at $614,000 after purchasing an additional 16 shares during the last quarter. Finally, Beaumont Financial Advisors LLC raised its stake in Seagate Technology by 2.1% in the 1st quarter. Beaumont Financial Advisors LLC now owns 820 shares of the data storage provider’s stock valued at $321,000 after purchasing an additional 17 shares during the last quarter. Hedge funds and other institutional investors own 92.87% of the company’s stock.
About Seagate Technology
Seagate Technology Holdings plc is a data storage technology company that develops and manufactures mass-capacity storage solutions for businesses and consumers. Its product portfolio is centered on hard disk drives (HDDs), which are used in cloud data centers, enterprise systems, network-attached storage, video and imaging applications, and personal computing.
The company also offers solid-state drives (SSDs), external storage products, storage systems, and related data-management and recovery services.
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