Ban Seng Teh Sells 7,361 Shares of Seagate Technology (NASDAQ:STX) Stock

Key Points

• Executive sale: Seagate EVP Ban Seng Teh sold 7,361 shares for approximately $6.78 million, reducing his position by 71.52% to 2,931 shares. This follows additional share sales in June.
• Strong performance: Seagate shares reached $973.44, while the company reported quarterly revenue of $3.63 billion and EPS of $5.71, exceeding analyst estimates; revenue increased 48.5% year over year.
• Positive outlook with valuation risks: Analysts maintain a “Moderate Buy” consensus and an average price target of $986, supported by AI-driven storage demand and projected fiscal Q1 2027 EPS of $7.10–$7.50. However, the stock’s elevated valuation and exposure to storage-industry cyclicality remain concerns.

Seagate Technology Holdings PLC (NASDAQ:STX - Get Free Report) EVP Ban Seng Teh sold 7,361 shares of the company's stock in a transaction dated Thursday, August 13th. The stock was sold at an average price of $920.80, for a total value of $6,778,008.80. Following the completion of the sale, the executive vice president owned 2,931 shares of the company's stock, valued at approximately $2,698,864.80. The trade was a 71.52% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

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

• On Friday, June 12th, Ban Seng Teh sold 989 shares of Seagate Technology stock. The stock was sold at an average price of $880.19, for a total value of $870,507.91.
• On Wednesday, June 10th, Ban Seng Teh sold 663 shares of Seagate Technology stock. The shares were sold at an average price of $821.86, for a total value of $544,893.18.

Seagate Technology Stock Performance

Shares of NASDAQ:STX traded up $52.07 during mid-day trading on Friday, reaching $973.44. 5,236,064 shares of the company traded hands, compared to its average volume of 4,442,682. The company's 50 day moving average price is $888.84 and its 200-day moving average price is $662.62. The firm has a market cap of $220.63 billion, a PE ratio of 70.13 and a beta of 2.06. Seagate Technology Holdings PLC has a 52 week low of $152.05 and a 52 week high of $1,145.00. The company has a debt-to-equity ratio of 1.56, a current ratio of 1.67 and a quick ratio of 1.17.

Seagate Technology (NASDAQ:STX - Get Free Report) last released its earnings results on Tuesday, July 28th. The data storage provider reported $5.71 EPS for the quarter, topping analysts' consensus estimates of $5.10 by $0.61. Seagate Technology had a net margin of 26.11% and a return on equity of 369.98%. The company had revenue of $3.63 billion for the quarter, compared to analysts' expectations of $3.50 billion. During the same quarter last year, the business earned $2.59 EPS. The firm's revenue was up 48.5% compared to the same quarter last year. Seagate Technology has set its Q1 2027 guidance at 7.100-7.500 EPS. On average, equities analysts expect that Seagate Technology Holdings PLC will post 34.42 EPS for the current fiscal year.

Seagate Technology Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 7th. Stockholders 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 dividend yield of 0.3%. The ex-dividend date is Thursday, September 24th. Seagate Technology's dividend payout ratio (DPR) is presently 21.33%.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. BNP Paribas Exane upped their target price on shares of Seagate Technology from $530.00 to $860.00 and gave the stock an "outperform" rating in a report on Wednesday, April 29th. Sanford C. Bernstein restated an "outperform" rating and issued a $1,350.00 price objective on shares of Seagate Technology in a research report on Wednesday, July 29th. Susquehanna increased their target price on Seagate Technology from $775.00 to $875.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 29th. Wall Street Zen raised Seagate Technology from a "buy" rating to a "strong-buy" rating in a report on Saturday, August 1st. Finally, China Renaissance increased their price objective on shares of Seagate Technology from $802.00 to $983.00 in a report on Friday, June 12th. One analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $986.00.

Key Seagate Technology News

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

• Positive Sentiment: Seagate finished fiscal 2026 ahead of expectations, with revenue of $3.63 billion, adjusted EPS of $5.71, and year-over-year revenue growth of 48.5%. Management also guided to fiscal first-quarter 2027 EPS of $7.10 to $7.50, reinforcing expectations for continued earnings growth. How Seagate’s Strong Fiscal 2026 Beat and HAMR Momentum May Impact Seagate Technology Investors
• Positive Sentiment: Non-GAAP gross margin expanded for the 13th consecutive quarter, while quarterly free cash flow reached its strongest level in more than a decade. These trends suggest improving operating leverage and financial flexibility. Seagate Technology Holdings Following Strong FY2026 Results Looks Undervalued By The Narrative
• Positive Sentiment: AI-related storage demand, supply agreements extending beyond 2028, and Seagate’s HAMR-based Mozaic platform are viewed as catalysts for planned mid-20% exabyte growth. Analysts see the company as a potential underappreciated AI-infrastructure beneficiary. The AI Stock Everyone Knows But Few See Becoming a Future Winner
• Positive Sentiment: Upward earnings-estimate revisions are adding to the bullish case, as analysts anticipate that stronger storage demand and expanding margins could produce further upside for STX. Surging Earnings Estimates Signal Upside for Seagate Stock
• Neutral Sentiment: Although some valuation analysis indicates potential discounted-cash-flow upside, Seagate’s substantial multiyear rally and elevated earnings multiple mean the stock is not uniformly viewed as a bargain. Investors remain exposed to storage-industry cyclicality and high expectations. Seagate Stock Could Trade Below Fair Value While Earnings Look Full

Hedge Funds Weigh In On Seagate Technology

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Salomon & Ludwin LLC raised its holdings in shares of Seagate Technology by 124.4% during the 4th quarter. Salomon & Ludwin LLC now owns 92 shares of the data storage provider's stock worth $27,000 after acquiring an additional 51 shares in the last quarter. Rakuten Securities Inc. grew 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 in the last quarter. Concord Wealth Partners bought a new stake in Seagate Technology in the fourth quarter worth $28,000. Annis Gardner Whiting Capital Advisors LLC increased its position in Seagate Technology by 23.1% in the first 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 during the last quarter. Finally, Quarry LP purchased a new stake in Seagate Technology during the fourth quarter valued at $31,000. 92.87% of the stock is owned by 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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