Seagate Technology (NASDAQ:STX) Stock: Insider James Ci Lee Sells 547 Shares

Key Points

• Insider selling: Executive Vice President James Ci Lee sold 547 Seagate shares for approximately $351,251, reducing his direct ownership by 34.5%. He has also sold more than 13,600 shares in earlier transactions.
• Strong operating performance: Seagate reported quarterly EPS of $5.71 versus the $5.10 consensus estimate, while revenue rose 48.5% year over year to $3.63 billion. Management guided to fiscal Q1 2027 EPS of $7.10–$7.50, supported by AI and cloud-storage demand.
• Analyst outlook remains favorable but risks persist: Twenty-two analysts rate the stock a Buy and five rate it Hold, with a consensus price target of $951.92. However, production-capacity constraints and a recent price-target reduction highlight execution and valuation risks.

Seagate Technology Holdings PLC (NASDAQ:STX - Get Free Report) EVP James Lee sold 547 shares of the company's stock in a transaction dated Friday, October 23rd. The stock was sold at an average price of $642.14, for a total value of $351,250.58. Following the transaction, the executive vice president directly owned 1,037 shares of the company's stock, valued at $665,899.18. This represents a 34.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Monday, August 24th, James Lee sold 9,013 shares of Seagate Technology stock. The shares were sold at an average price of $794.84, for a total value of $7,163,892.92.
• On Friday, August 21st, James Lee sold 3,939 shares of Seagate Technology stock. The shares were sold at an average price of $849.35, for a total value of $3,345,589.65.
• On Thursday, July 30th, James 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 Up 2.2%

NASDAQ:STX traded up $13.72 during trading hours on Monday, reaching $644.21. 4,249,142 shares of the stock were exchanged, compared to its average volume of 4,411,126. The stock has a market cap of $146.49 billion, a PE ratio of 46.41 and a beta of 2.06. Seagate Technology Holdings PLC has a twelve month low of $217.67 and a twelve month high of $1,145.00. The firm has a 50 day moving average of $820.59 and a 200 day moving average of $812.85. 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 posted its quarterly earnings data on Tuesday, July 28th. The data storage provider reported $5.71 earnings per share (EPS) for the quarter, beating 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 the consensus estimate of $3.50 billion. During the same period last year, the company earned $2.59 earnings per share. 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 35.79 earnings per share for the current year.

Seagate Technology Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 7th. Investors of record on Thursday, September 24th were given a $0.74 dividend. The ex-dividend date of this dividend was Thursday, September 24th. This represents a $2.96 dividend on an annualized basis and a dividend yield of 0.5%. Seagate Technology's payout ratio is currently 21.33%.

Hedge Funds Weigh In On Seagate Technology

Several institutional investors and hedge funds have recently made changes to their positions in the company. VUB Generali dochodkova spravcovska spolocnost a.s. bought a new stake in Seagate Technology in the 3rd quarter valued at $507,000. Leo Wealth LLC bought a new position in Seagate Technology during the 3rd quarter worth $598,000. Hilton Head Capital Partners LLC increased its position in Seagate Technology by 155.2% during the 3rd quarter. Hilton Head Capital Partners LLC now owns 74 shares of the data storage provider's stock worth $68,000 after buying an additional 45 shares during the period. Bright Futures Wealth Management LLC. increased its position in Seagate Technology by 10.3% during the 3rd quarter. Bright Futures Wealth Management LLC. now owns 278 shares of the data storage provider's stock worth $256,000 after buying an additional 26 shares during the period. Finally, Valley National Advisers Inc. lifted its holdings in shares of Seagate Technology by 1,323.4% during the third quarter. Valley National Advisers Inc. now owns 2,861 shares of the data storage provider's stock worth $2,638,000 after buying an additional 2,660 shares in the last quarter. Institutional investors and hedge funds own 92.87% of the company's stock.

Trending Headlines about Seagate Technology

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

• Positive Sentiment: Strong HDD demand supports earnings outlook: Analysts project that Seagate will exceed fiscal first-quarter 2027 earnings expectations, helped by surging AI and cloud infrastructure demand, improved pricing and increased adoption of its Mozaic technology. Management’s guidance calls for EPS of $7.10 to $7.50. Seagate Technology Q1 preview: Analysts project earnings beat amid strong HDD demand
• Positive Sentiment: AI storage partnership expands Seagate’s addressable market: Seagate announced expanded interoperability between its high-capacity HAMR and SMR storage technologies and Broadcom platforms. The solution has been validated for hyperscale deployment by Microsoft Azure, potentially strengthening Seagate’s position with major cloud customers. Seagate Simplifies High-Capacity Storage Scaling for AI and Cloud Infrastructure
• Positive Sentiment: Recent operating momentum provides a favorable backdrop: Seagate’s latest reported quarter delivered EPS of $5.71 versus the $5.10 consensus estimate, while revenue rose 48.5% year over year to $3.63 billion. The upcoming earnings report is therefore a key catalyst for confirming whether AI-driven demand and pricing strength are continuing. Seagate Eyes a Q1 Earnings Beat: Is the Stock Worth Buying Now?
• Neutral Sentiment: Investor attention is centered on the earnings release: Seagate is scheduled to report results after the market close, with investors watching revenue, margins, pricing, capacity expansion and forward guidance. Earnings to watch: Seagate reports results
• Negative Sentiment: Production capacity remains a risk: Bank of America said demand for AI-era storage may be outpacing Seagate’s ability to expand production, creating execution and supply constraints even as demand remains strong. Seagate’s booming business comes with an unexpected twist
• Negative Sentiment: One analyst reduced its valuation target: Cantor Fitzgerald lowered its price target from $1,300 to $1,000, although it maintained an “overweight” rating, signaling continued optimism but a more cautious valuation outlook.

Analysts Set New Price Targets

Several research analysts recently commented on STX shares. Wall Street Zen raised Seagate Technology from a "buy" rating to a "strong-buy" rating in a research report on Saturday, September 26th. Bank of America boosted their price target on Seagate Technology from $1,150.00 to $1,200.00 and gave the stock a "buy" rating in a research report on Wednesday, October 21st. Wedbush upped their price objective on Seagate Technology from $825.00 to $1,000.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 29th. Susquehanna upped their price objective on Seagate Technology from $775.00 to $875.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 29th. Finally, Rosenblatt Securities set a $1,100.00 price objective on Seagate Technology in a report on Monday. Twenty-two research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. Based on data from MarketBeat, Seagate Technology presently has an average rating of "Moderate Buy" and a consensus price target of $951.92.

About Seagate Technology

Seagate Technology Holdings plc NASDAQ: STX is a data storage company that develops and manufactures mass-capacity storage products and solutions. Its portfolio is centered on hard disk drives (HDDs) used in cloud data centers, enterprise systems, network-attached storage, video and imaging applications, and personal computers.

The company also provides storage-related services and solutions designed to help organizations store, manage, protect, and access large volumes of digital information.

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