Ban Seng Teh Sells 52,730 Shares of Seagate Technology (NASDAQ:STX) Stock

Seagate Technology Holdings PLC (NASDAQ:STX) EVP Ban Teh sold 52,730 shares of the stock in a transaction dated Tuesday, September 15th. The stock was sold at an average price of $782.08, for a total value of $41,239,078.40. Following the sale, the executive vice president directly owned 5,810 shares in the company, valued at $4,543,884.80. This trade represents a 90.08% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Monday, September 14th, Ban Teh sold 989 shares of Seagate Technology stock. The shares were sold at an average price of $779.00, for a total value of $770,431.00.
• On Thursday, September 10th, Ban Teh sold 663 shares of Seagate Technology stock. The shares were sold at an average price of $860.09, for a total value of $570,239.67.
• On Thursday, August 20th, Ban Teh sold 6,048 shares of Seagate Technology stock. The stock was sold at an average price of $842.97, for a total transaction of $5,098,282.56.
• On Friday, August 21st, Ban Teh sold 9,862 shares of Seagate Technology stock. The shares were sold at an average price of $852.97, for a total transaction of $8,411,990.14.
• On Thursday, August 13th, Ban Teh sold 7,361 shares of Seagate Technology stock. The shares were sold at an average price of $920.80, for a total transaction of $6,778,008.80.

Seagate Technology Price Performance

Seagate Technology stock traded up $11.37 during midday trading on Wednesday, reaching $783.18. 3,353,335 shares of the stock were exchanged, compared to its average volume of 4,331,383. Seagate Technology Holdings PLC has a 52 week low of $206.26 and a 52 week high of $1,145.00. The company has a debt-to-equity ratio of 1.56, a quick ratio of 1.17 and a current ratio of 1.67. The firm has a market cap of $178.09 billion, a PE ratio of 56.43 and a beta of 2.06. The company’s fifty day moving average is $846.41 and its 200-day moving average is $733.04.

Seagate Technology (NASDAQ:STX) last released its quarterly 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 during the quarter, compared to analyst estimates of $3.50 billion. Seagate Technology had a net margin of 26.11% and a return on equity of 369.98%. The business’s revenue for the quarter was up 48.5% on a year-over-year basis. During the same period in the previous year, the business earned $2.59 EPS. Seagate Technology has set its Q1 2027 guidance at 7.100-7.500 EPS. On average, sell-side analysts forecast that Seagate Technology Holdings PLC will post 35.7 EPS for the current year.

Seagate Technology Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 7th. Investors 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 is Thursday, September 24th. Seagate Technology’s payout ratio is presently 21.33%.

Analyst Upgrades and Downgrades

STX has been the subject of several recent analyst reports. JPMorgan Chase & Co. boosted their price objective on Seagate Technology from $1,095.00 to $1,240.00 and gave the stock an “overweight” rating in a report on Wednesday, July 29th. Wall Street Zen lowered shares of Seagate Technology from a “strong-buy” rating to a “buy” rating in a research report on Sunday, September 6th. Sanford C. Bernstein reissued an “outperform” rating and issued a $1,350.00 price target on shares of Seagate Technology in a research note on Wednesday, July 29th. China Renaissance increased their price target on shares of Seagate Technology from $802.00 to $983.00 in a report on Friday, June 12th. Finally, Argus raised their price objective on shares of Seagate Technology from $750.00 to $900.00 and gave the company a “buy” rating in a research report on Thursday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, Seagate Technology has an average rating of “Moderate Buy” and an average price target of $986.00.

Institutional Trading of Seagate Technology

A number of hedge funds have recently bought and sold shares of the company. Bouchey Financial Group Ltd. bought a new position in Seagate Technology during the second quarter valued at approximately $377,000. Miramontes Capital LLC bought a new stake in shares of Seagate Technology in the 2nd quarter worth approximately $335,000. IPG Investment Advisors LLC boosted its stake in shares of Seagate Technology by 16.0% in the 2nd quarter. IPG Investment Advisors LLC now owns 1,032 shares of the data storage provider’s stock valued at $997,000 after purchasing an additional 142 shares in the last quarter. MCF Advisors LLC boosted its stake in shares of Seagate Technology by 97.1% in the 2nd quarter. MCF Advisors LLC now owns 203 shares of the data storage provider’s stock valued at $196,000 after purchasing an additional 100 shares in the last quarter. Finally, Lotus Asset Management LLC bought a new position in shares of Seagate Technology during the 2nd quarter valued at $676,000. Institutional investors 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: Seagate is being highlighted as a major beneficiary of rising AI-driven demand for high-capacity hard-disk drives. Fidelity’s investment commentary points to expanding hyperscale and data-center storage requirements, while Seagate’s latest quarterly results showed revenue growth of 48.5% year over year and earnings above expectations. Fidelity commentary on Seagate and AI storage demand
• Positive Sentiment: A Seagate-sponsored industry study found that 99% of organizations expect AI to increase storage needs, although only 38% believe they are fully prepared. The gap suggests potential future demand for Seagate’s mass-capacity storage products. Seagate AI storage research
• Positive Sentiment: Analyst sentiment remains favorable, with recent price-target increases and a consensus rating of “Moderate Buy.” Targets cited in the reports range as high as $1,300, reflecting expectations for strong nearline demand, hyperscale contracts and next-generation HAMR drive shipments. Seagate analyst ratings and price targets
• Neutral Sentiment: One report argues that Seagate could potentially reach $1,600 if AI-related storage demand continues to accelerate. However, the stock has already risen substantially, and investors are debating whether the expected growth is already reflected in its valuation. Seagate long-term price outlook
• Negative Sentiment: Multiple executives have recently sold shares, including CFO Gianluca Romano, CEO William Mosley and EVPs John Morris and Ban Teh. Most transactions were conducted under pre-arranged Rule 10b5-1 plans or to cover tax withholding on vested equity, which reduces their value as a bearish signal but may still weigh on sentiment. Seagate insider selling report
• Negative Sentiment: STX has also been pressured alongside other AI-linked technology stocks after prominent AI executives called for a slower, more cautious pace of frontier-model development. The market reaction raises concerns about the timing of AI infrastructure spending, even though Seagate’s underlying storage-demand outlook remains strong. AI technology sector selloff

Seagate Technology Company Profile

Seagate Technology Holdings plc is a data storage technology company that develops and manufactures mass-capacity storage solutions for businesses and consumers. Its product portfolio is centered on hard disk drives (HDDs), which are used in cloud data centers, enterprise systems, network-attached storage, video and imaging applications, and personal computing.

The company also offers solid-state drives (SSDs), external storage products, storage systems, and related data-management and recovery services.