Insider Selling: Seagate Technology (NASDAQ:STX) EVP Sells 1,410 Shares of Stock

Key Points

• Ban Seng Teh, EVP of Seagate Technology, sold 1,410 shares of stock at an average price of $225.56, totaling $318,039.60, which has decreased their ownership by 7.25%.
• Seagate Technology's stock performance reflects a 52-week range from $63.19 to $264.83, with a market capitalization of $46.72 billion.
• The company recently reported Q1 earnings exceeding estimates, with $2.59 EPS and revenue of $2.44 billion, marking a year-over-year increase of 29.5%.

Seagate Technology Holdings PLC (NASDAQ:STX - Get Free Report) EVP Ban Seng Teh sold 1,410 shares of the firm's stock in a transaction on Monday, October 13th. The shares were sold at an average price of $225.56, for a total value of $318,039.60. Following the transaction, the executive vice president directly owned 18,041 shares of the company's stock, valued at $4,069,327.96. This represents a 7.25% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

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

• On Thursday, September 11th, Ban Seng Teh sold 3,732 shares of Seagate Technology stock. The shares were sold at an average price of $193.30, for a total value of $721,395.60.
• On Monday, August 11th, Ban Seng Teh sold 1,724 shares of Seagate Technology stock. The shares were sold at an average price of $151.61, for a total value of $261,375.64.
• On Friday, August 1st, Ban Seng Teh sold 5,905 shares of Seagate Technology stock. The shares were sold at an average price of $155.00, for a total value of $915,275.00.

Seagate Technology Stock Performance

Shares of STX traded up $7.75 during trading hours on Wednesday, hitting $219.38. The company had a trading volume of 6,232,304 shares, compared to its average volume of 3,997,006. The firm has a fifty day moving average price of $193.59 and a 200-day moving average price of $142.56. The stock has a market capitalization of $46.72 billion, a price-to-earnings ratio of 32.40, a P/E/G ratio of 0.98 and a beta of 1.63. Seagate Technology Holdings PLC has a 52-week low of $63.19 and a 52-week high of $264.83.

Seagate Technology (NASDAQ:STX - Get Free Report) last posted its quarterly earnings results on Tuesday, July 29th. The data storage provider reported $2.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.45 by $0.14. The firm had revenue of $2.44 billion during the quarter, compared to analyst estimates of $2.40 billion. Seagate Technology had a negative return on equity of 169.60% and a net margin of 16.15%.Seagate Technology's quarterly revenue was up 29.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.05 EPS. Seagate Technology has set its Q1 2026 guidance at 2.100-2.500 EPS. Research analysts anticipate that Seagate Technology Holdings PLC will post 6.83 earnings per share for the current fiscal year.

Seagate Technology Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 9th. Investors of record on Tuesday, September 30th were given a dividend of $0.72 per share. The ex-dividend date was Tuesday, September 30th. This represents a $2.88 dividend on an annualized basis and a yield of 1.3%. Seagate Technology's dividend payout ratio is 42.54%.

Analysts Set New Price Targets

A number of equities research analysts have commented on the stock. UBS Group lifted their target price on shares of Seagate Technology from $85.00 to $155.00 and gave the stock a "neutral" rating in a research report on Monday, July 21st. Sanford C. Bernstein initiated coverage on Seagate Technology in a research report on Tuesday, September 16th. They set an "outperform" rating and a $250.00 price objective for the company. The Goldman Sachs Group boosted their price target on Seagate Technology from $170.00 to $270.00 and gave the company a "buy" rating in a research note on Wednesday, October 8th. Susquehanna increased their price objective on shares of Seagate Technology from $68.00 to $80.00 and gave the stock a "negative" rating in a research note on Wednesday, July 30th. Finally, Wells Fargo & Company boosted their target price on shares of Seagate Technology from $160.00 to $240.00 and gave the company an "equal weight" rating in a research report on Monday. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $214.89.

Hedge Funds Weigh In On Seagate Technology

A number of hedge funds have recently made changes to their positions in the business. Harbor Asset Planning Inc. purchased a new position in Seagate Technology in the 2nd quarter worth approximately $27,000. Rakuten Securities Inc. raised its position in shares of Seagate Technology by 884.2% during the second quarter. Rakuten Securities Inc. now owns 187 shares of the data storage provider's stock valued at $27,000 after buying an additional 168 shares during the last quarter. MTM Investment Management LLC purchased a new position in shares of Seagate Technology in the second quarter worth $29,000. Wayfinding Financial LLC purchased a new position in shares of Seagate Technology in the first quarter worth $31,000. Finally, Golden State Wealth Management LLC boosted its position in shares of Seagate Technology by 2,200.0% during the first quarter. Golden State Wealth Management LLC now owns 460 shares of the data storage provider's stock worth $39,000 after acquiring an additional 440 shares during the last quarter. Institutional investors own 92.87% of the company's stock.

Seagate Technology Company Profile

Seagate Technology Holdings plc provides data storage technology and solutions in Singapore, the United States, the Netherlands, and internationally. It provides mass capacity storage products, including enterprise nearline hard disk drives (HDDs), enterprise nearline solid state drives (SSDs), enterprise nearline systems, video and image HDDs, and network-attached storage drives.

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