Gianluca Romano Sells 1,348 Shares of Seagate Technology (NASDAQ:STX) Stock

Seagate Technology Holdings PLC (NASDAQ:STX) CFO Gianluca Romano sold 1,348 shares of the business’s stock in a transaction on Thursday, September 10th. The shares were sold at an average price of $862.13, for a total value of $1,162,151.24. Following the completion of the sale, the chief financial officer owned 28,930 shares of the company’s stock, valued at $24,941,420.90. This trade represents a 4.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Gianluca Romano also recently made the following trade(s):

• On Friday, August 21st, Gianluca Romano sold 9,076 shares of Seagate Technology stock. The stock was sold at an average price of $849.35, for a total transaction of $7,708,700.60.
• On Friday, August 7th, Gianluca Romano sold 7,240 shares of Seagate Technology stock. The shares were sold at an average price of $781.64, for a total value of $5,659,073.60.
• On Friday, August 7th, Gianluca Romano sold 14,091 shares of Seagate Technology stock. The shares were sold at an average price of $811.25, for a total value of $11,431,323.75.
• On Friday, August 7th, Gianluca Romano sold 880 shares of Seagate Technology stock. The shares were sold at an average price of $845.12, for a total transaction of $743,705.60.

Seagate Technology Price Performance

STX traded down $32.60 during trading on Friday, hitting $829.73. 3,838,915 shares of the stock traded hands, compared to its average volume of 4,338,222. Seagate Technology Holdings PLC has a twelve month low of $193.32 and a twelve month high of $1,145.00. The business has a 50 day moving average price of $848.58 and a 200 day moving average price of $724.71. 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 company has a market cap of $188.67 billion, a price-to-earnings ratio of 59.78 and a beta of 2.06.

Seagate Technology (NASDAQ:STX) last posted its earnings results on Tuesday, July 28th. The data storage provider reported $5.71 EPS for the quarter, topping analysts’ consensus estimates of $5.10 by $0.61. The firm had revenue of $3.63 billion during the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.59 earnings per share. Seagate Technology has set its Q1 2027 guidance at 7.100-7.500 EPS. Equities research analysts forecast that Seagate Technology Holdings PLC will post 35.7 earnings per share for the current fiscal year.

Seagate Technology Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 7th. Stockholders of record on Thursday, September 24th will be paid a $0.74 dividend. The ex-dividend date of this dividend is Thursday, September 24th. This represents a $2.96 annualized dividend and a dividend yield of 0.4%. Seagate Technology’s dividend payout ratio is currently 21.33%.

Wall Street Analysts Forecast Growth

STX has been the subject of several recent research reports. Zacks Research raised Seagate Technology from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 28th. Loop Capital increased their target price on shares of Seagate Technology from $950.00 to $1,140.00 and gave the company a “buy” rating in a research report on Friday, May 15th. Wedbush raised their price target on shares of Seagate Technology from $825.00 to $1,000.00 and gave the stock an “outperform” rating in a report on Wednesday, July 29th. Mizuho upped their price objective on shares of Seagate Technology from $875.00 to $1,090.00 and gave the company an “outperform” rating in a research note on Monday, June 8th. Finally, Barclays increased their price objective on shares of Seagate Technology from $1,000.00 to $1,250.00 and gave the stock an “overweight” rating in a research report on Thursday, July 30th. 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 data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $986.00.

Institutional Investors Weigh In On Seagate Technology

A number of hedge funds have recently added to or reduced their stakes in the business. Retirement Wealth Solutions LLC raised its holdings in shares of Seagate Technology by 70.6% during the second quarter. Retirement Wealth Solutions LLC now owns 29 shares of the data storage provider’s stock valued at $28,000 after purchasing an additional 12 shares during the period. Bridgewater Advisors Inc. grew its stake in shares of Seagate Technology by 0.9% in the 1st quarter. Bridgewater Advisors Inc. now owns 1,477 shares of the data storage provider’s stock valued at $579,000 after buying an additional 13 shares during the period. Annis Gardner Whiting Capital Advisors LLC increased its position in Seagate Technology by 23.1% in the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 80 shares of the data storage provider’s stock valued at $31,000 after buying an additional 15 shares in the last quarter. Blalock Williams LLC raised its stake in Seagate Technology by 2.6% during the 2nd quarter. Blalock Williams LLC now owns 636 shares of the data storage provider’s stock worth $614,000 after buying an additional 16 shares during the period. Finally, Beaumont Financial Advisors LLC raised its stake in Seagate Technology by 2.1% during the 1st quarter. Beaumont Financial Advisors LLC now owns 820 shares of the data storage provider’s stock worth $321,000 after buying an additional 17 shares during the period. 92.87% of the stock is currently owned by institutional investors.

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.