Insider Selling: Seagate Technology (NASDAQ:STX) EVP Sells 3,732 Shares of Stock

Key Points

• Ban Seng Teh, the executive vice president of Seagate Technology, sold 3,732 shares at an average price of $193.30, reducing his ownership by 47.22% and resulting in a total sale value of $721,395.60.
• Seagate Technology's stock recently surged to $211.12, reflecting a strong trading volume and significant recovery from its one-year low of $63.19.
• The company has announced a quarterly dividend of $0.72 per share, with an annualized dividend yield of 1.4%, demonstrating a commitment to returning capital to shareholders.

Seagate Technology Holdings PLC (NASDAQ:STX - Get Free Report) EVP Ban Seng Teh sold 3,732 shares of the business's stock in a transaction that occurred on Thursday, September 11th. The stock was sold at an average price of $193.30, for a total value of $721,395.60. Following the completion of the transaction, the executive vice president owned 4,172 shares in the company, valued at $806,447.60. The trade was a 47.22% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

• 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 stock was sold at an average price of $155.00, for a total value of $915,275.00.
• On Friday, July 11th, Ban Seng Teh sold 1,725 shares of Seagate Technology stock. The stock was sold at an average price of $144.00, for a total value of $248,400.00.

Seagate Technology Stock Performance

STX traded up $15.13 during trading on Monday, reaching $211.12. The stock had a trading volume of 7,395,171 shares, compared to its average volume of 3,006,382. The business has a 50-day moving average of $161.00 and a 200-day moving average of $122.62. Seagate Technology Holdings PLC has a one year low of $63.19 and a one year high of $214.20. The stock has a market cap of $44.96 billion, a PE ratio of 27.11, a PEG ratio of 1.21 and a beta of 1.53.

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

Seagate Technology declared that its Board of Directors has authorized a stock buyback program on Thursday, May 22nd that allows the company to buyback $5.00 billion in outstanding shares. This buyback authorization allows the data storage provider to reacquire up to 21.6% of its stock through open market purchases. Stock buyback programs are often a sign that the company's board of directors believes its stock is undervalued.

Seagate Technology Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 9th. Stockholders of record on Tuesday, September 30th will be paid a dividend of $0.72 per share. This represents a $2.88 annualized dividend and a dividend yield of 1.4%. The ex-dividend date is Tuesday, September 30th. Seagate Technology's dividend payout ratio (DPR) is currently 42.54%.

Institutional Trading of Seagate Technology

Several institutional investors have recently modified their holdings of STX. Focus Partners Wealth lifted its position in shares of Seagate Technology by 81.3% during the 4th quarter. Focus Partners Wealth now owns 14,457 shares of the data storage provider's stock worth $1,274,000 after buying an additional 6,483 shares during the last quarter. NorthRock Partners LLC purchased a new stake in Seagate Technology in the 4th quarter valued at $324,000. Nissay Asset Management Corp Japan ADV raised its position in Seagate Technology by 5.4% in the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 25,313 shares of the data storage provider's stock valued at $2,212,000 after purchasing an additional 1,304 shares during the last quarter. Quantinno Capital Management LP raised its position in Seagate Technology by 52.6% in the 4th quarter. Quantinno Capital Management LP now owns 35,378 shares of the data storage provider's stock valued at $3,054,000 after purchasing an additional 12,190 shares during the last quarter. Finally, ProShare Advisors LLC raised its position in Seagate Technology by 7.4% in the 4th quarter. ProShare Advisors LLC now owns 55,821 shares of the data storage provider's stock valued at $4,818,000 after purchasing an additional 3,869 shares during the last quarter. Hedge funds and other institutional investors own 92.87% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on STX shares. Barclays lifted their target price on shares of Seagate Technology from $180.00 to $200.00 and gave the company an "equal weight" rating in a research note on Thursday. Cantor Fitzgerald upgraded shares of Seagate Technology from a "neutral" rating to an "overweight" rating and set a $175.00 price target on the stock in a report on Wednesday, July 30th. The Goldman Sachs Group assumed coverage on shares of Seagate Technology in a research report on Thursday, July 10th. They issued a "buy" rating and a $170.00 price target for the company. UBS Group upped their price target on shares of Seagate Technology from $85.00 to $155.00 and gave the company a "neutral" rating in a research note on Monday, July 21st. Finally, Morgan Stanley increased their price objective on shares of Seagate Technology from $167.00 to $168.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 30th. Fourteen equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $160.89.

About Seagate Technology

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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