Seagate Technology (NASDAQ:STX) EVP James Ci Lee Sells 3,939 Shares

Key Points

• Seagate EVP James Ci Lee sold 3,939 shares at an average price of $849.35, generating approximately $3.35 million. The transaction reduced his holdings by 76.78%, leaving him with 1,191 shares.
• Seagate reported quarterly EPS of $5.71, exceeding estimates by $0.61, while revenue rose 48.5% year over year to $3.63 billion. The company also issued fiscal Q1 2027 EPS guidance of $7.10–$7.50.
• Shares recently traded at $794.65, below the analyst consensus price target of $986.00; analysts maintain a “Moderate Buy” consensus. Seagate declared a quarterly dividend of $0.74 per share, equivalent to a 0.4% yield.

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 on Friday, August 21st. The stock was sold at an average price of $849.35, for a total value of $3,345,589.65. Following the completion of the transaction, the executive vice president owned 1,191 shares of the company's stock, valued at $1,011,575.85. This trade represents a 76.78% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

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 stock was sold at an average price of $877.45, for a total value of $608,950.30.

Seagate Technology Stock Performance

Seagate Technology stock traded down $55.35 during trading hours on Monday, hitting $794.65. 3,203,008 shares of the stock traded hands, compared to its average volume of 4,427,493. Seagate Technology Holdings PLC has a 1 year low of $158.68 and a 1 year high of $1,145.00. The stock has a market capitalization of $180.11 billion, a price-to-earnings ratio of 57.25 and a beta of 2.06. The company has a debt-to-equity ratio of 1.56, a current ratio of 1.67 and a quick ratio of 1.17. The firm's 50 day moving average price is $893.23 and its 200-day moving average price is $683.35.

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

Seagate Technology Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 7th. Shareholders 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 (DPR) is currently 21.33%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Retirement Wealth Solutions LLC increased its holdings in Seagate Technology by 70.6% in the 2nd quarter. Retirement Wealth Solutions LLC now owns 29 shares of the data storage provider's stock worth $28,000 after acquiring an additional 12 shares in the last quarter. Jones Financial Companies Lllp purchased a new position in Seagate Technology during the second quarter valued at $39,000. Trust Co. of Vermont acquired a new stake in shares of Seagate Technology in the second quarter valued at about $54,000. Triumph Capital Management increased its stake in shares of Seagate Technology by 93.5% during the second quarter. Triumph Capital Management now owns 60 shares of the data storage provider's stock worth $58,000 after purchasing an additional 29 shares in the last quarter. Finally, Washington Trust Advisors Inc. raised its position in shares of Seagate Technology by 712.5% during the 2nd quarter. Washington Trust Advisors Inc. now owns 65 shares of the data storage provider's stock worth $62,000 after purchasing an additional 57 shares during the last quarter. Hedge funds and other institutional investors own 92.87% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on STX shares. Wells Fargo & Company raised their target price on Seagate Technology from $1,100.00 to $1,180.00 and gave the stock an "overweight" rating in a report on Wednesday, July 29th. Melius Research initiated coverage on shares of Seagate Technology in a report on Monday, June 29th. They set a "buy" rating and a $1,600.00 target price for the company. Weiss Ratings reissued a "buy (b)" rating on shares of Seagate Technology in a report on Wednesday, June 24th. BNP Paribas Exane lifted their price objective on shares of Seagate Technology from $530.00 to $860.00 and gave the company an "outperform" rating in a report on Wednesday, April 29th. Finally, Fox Advisors lowered shares of Seagate Technology from an "overweight" rating to an "equal weight" rating in a research note on Monday, June 22nd. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $986.00.

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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