James Ci Lee Sells 9,013 Shares of Seagate Technology (NASDAQ:STX) Stock

Key Points

• Seagate EVP James Ci Lee sold 9,013 shares for approximately $7.16 million at an average price of $794.84 under a pre-arranged Rule 10b5-1 plan, leaving him with 347 shares.
• Seagate’s latest quarterly results beat expectations, with earnings of $5.71 per share and revenue of $3.63 billion, up 48.5% year over year. Management guided to fiscal Q1 2027 earnings of $7.10–$7.50 per share.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and an average price target of $986, while the company declared a quarterly dividend of $0.74 per share.

Seagate Technology Holdings PLC (NASDAQ:STX - Get Free Report) EVP James Ci Lee sold 9,013 shares of Seagate Technology stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $794.84, for a total value of $7,163,892.92. Following the transaction, the executive vice president owned 347 shares of the company's stock, valued at $275,809.48. The trade was a 96.29% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

James Ci Lee also recently made the following trade(s):

• On Friday, August 21st, James Ci Lee sold 3,939 shares of Seagate Technology stock. The stock was sold at an average price of $849.35, for a total value of $3,345,589.65.
• 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 value of $608,950.30.

Seagate Technology Stock Performance

Shares of STX traded up $24.70 during mid-day trading on Wednesday, reaching $846.37. The company's stock had a trading volume of 2,065,021 shares, compared to its average volume of 4,401,594. The company has a current ratio of 1.67, a quick ratio of 1.17 and a debt-to-equity ratio of 1.56. Seagate Technology Holdings PLC has a 1-year low of $163.86 and a 1-year high of $1,145.00. The business has a 50-day simple moving average of $884.55 and a two-hundred day simple moving average of $688.66. The stock has a market cap of $191.83 billion, a P/E ratio of 60.98 and a beta of 2.06.

Seagate Technology (NASDAQ:STX - Get Free Report) last posted its earnings results on Tuesday, July 28th. The data storage provider reported $5.71 earnings per share for the quarter, topping analysts' consensus estimates of $5.10 by $0.61. Seagate Technology had a return on equity of 369.98% and a net margin of 26.11%.The business had revenue of $3.63 billion for the quarter, compared to analyst estimates of $3.50 billion. During the same period in the previous year, the firm 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. As a group, equities research analysts anticipate that Seagate Technology Holdings PLC will post 34.42 earnings per share for the current fiscal year.

Seagate Technology Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 7th. Stockholders of record on Thursday, September 24th will be paid a dividend of $0.74 per share. This represents a $2.96 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date is Thursday, September 24th. Seagate Technology's dividend payout ratio (DPR) is currently 21.33%.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. China Renaissance increased their price target on shares of Seagate Technology from $802.00 to $983.00 in a report on Friday, June 12th. Zacks Research upgraded Seagate Technology from a "hold" rating to a "strong-buy" rating in a report on Tuesday, July 28th. Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $1,300.00 target price on shares of Seagate Technology in a research report on Wednesday, July 29th. Mizuho increased their target price on Seagate Technology from $875.00 to $1,090.00 and gave the stock an "outperform" rating in a research note on Monday, June 8th. Finally, Loop Capital increased their target price on Seagate Technology from $950.00 to $1,140.00 and gave the stock a "buy" rating in a research note on Friday, May 15th. One research 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $986.00.

Institutional Trading of Seagate Technology

Institutional investors have recently bought and sold shares of the business. Advus Financial Partners LLC grew its position in shares of Seagate Technology by 21.1% during the 2nd quarter. Advus Financial Partners LLC now owns 2,059 shares of the data storage provider's stock worth $1,987,000 after purchasing an additional 359 shares in the last quarter. Groupe la Francaise raised its position in shares of Seagate Technology by 18,576.9% in the second quarter. Groupe la Francaise now owns 4,856 shares of the data storage provider's stock valued at $4,671,000 after buying an additional 4,830 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in shares of Seagate Technology in the second quarter valued at approximately $117,903,000. Financial Insights Inc. bought a new stake in shares of Seagate Technology in the second quarter valued at approximately $706,000. Finally, California State Teachers Retirement System boosted its stake in shares of Seagate Technology by 102,975.8% in the second quarter. California State Teachers Retirement System now owns 316,744,845 shares of the data storage provider's stock valued at $305,658,775,000 after buying an additional 316,437,552 shares during the period. Institutional investors own 92.87% of the company's stock.

Seagate Technology News Summary

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

• Positive Sentiment: Investors are increasingly viewing Seagate as an unexpected AI beneficiary. The company has reported record revenue growth and secured hyperscaler contracts extending through 2027, supporting the outlook for continued demand for high-capacity storage. The key longer-term question is whether Seagate’s technology investments can sustain that growth. Prediction: Seagate Could Be One of AI’s Most Unexpected Winners
• Positive Sentiment: Seagate was highlighted as a momentum stock alongside Western Digital and Dell, reflecting strong recent earnings performance and favorable price trends. Analysts currently give STX a consensus “Moderate Buy” rating and an average price target of $986, with several firms maintaining targets above $1,000.
• Positive Sentiment: The company’s latest quarterly results exceeded expectations: adjusted earnings were $5.71 per share versus a $5.10 consensus estimate, while revenue reached $3.63 billion against expectations of $3.50 billion. Revenue increased 48.5% year over year, and management guided to fiscal first-quarter 2027 earnings of $7.10–$7.50 per share.
• Neutral Sentiment: Seagate declared its regular quarterly dividend of $0.74 per share, or $2.96 annualized. The payout provides modest income but is unlikely to be a major near-term catalyst given the stock’s low dividend yield.
• Negative Sentiment: Several executives sold shares, including the CEO, CFO and multiple executive vice presidents. Most transactions were made under pre-arranged Rule 10b5-1 plans, reducing their value as discretionary bearish signals, but the aggregate selling could still weigh on investor sentiment.
• Negative Sentiment: STX has recently been pressured by broader technology-sector weakness. Its high beta and elevated valuation could amplify volatility if investors reduce exposure to AI and other high-growth technology stocks.

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.

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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