Ban Seng Teh Sells 8,003 Shares of Seagate Technology (NASDAQ:STX) Stock

Posted by James Quigley on May 14th, 2026

Seagate Technology Holdings PLC (NASDAQ:STX – Get Free Report) EVP Ban Seng Teh sold 8,003 shares of the firm’s stock in a transaction that occurred on Thursday, May 14th. The shares were sold at an average price of $817.28, for a total value of $6,540,691.84. Following the completion of the sale, the executive vice president directly owned 3,691 shares in the company, valued at approximately $3,016,580.48. The trade was a 68.44% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available 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 Wednesday, May 13th, Ban Seng Teh sold 7,557 shares of Seagate Technology stock. The shares were sold at an average price of $813.45, for a total value of $6,147,241.65.

Seagate Technology Price Performance

STX traded down $12.59 during trading on Thursday, hitting $804.76. The company’s stock had a trading volume of 2,354,068 shares, compared to its average volume of 4,255,103. The company has a current ratio of 1.33, a quick ratio of 0.85 and a debt-to-equity ratio of 3.16. Seagate Technology Holdings PLC has a twelve month low of $103.73 and a twelve month high of $841.31. The business’s fifty day simple moving average is $508.89 and its 200 day simple moving average is $386.39. The firm has a market capitalization of $180.45 billion, a price-to-earnings ratio of 76.35 and a beta of 1.98.

Seagate Technology (NASDAQ:STX – Get Free Report) last issued its quarterly earnings results on Tuesday, April 28th. The data storage provider reported $4.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.51 by $0.59. The firm had revenue of $3.11 billion for the quarter, compared to analyst estimates of $2.96 billion. Seagate Technology had a return on equity of 1,005.65% and a net margin of 21.60%.The business’s revenue was up 44.1% on a year-over-year basis. During the same period in the previous year, the company posted $1.90 earnings per share. Seagate Technology has set its Q4 2026 guidance at 4.800-5.200 EPS. On average, equities research analysts forecast that Seagate Technology Holdings PLC will post 14.1 EPS for the current fiscal year.

Seagate Technology Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 7th. Stockholders of record on Wednesday, June 24th will be paid a $0.74 dividend. The ex-dividend date of this dividend is Wednesday, June 24th. This represents a $2.96 dividend on an annualized basis and a dividend yield of 0.4%. Seagate Technology’s payout ratio is currently 28.08%.

Hedge Funds Weigh In On Seagate Technology

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its position in Seagate Technology by 1.6% in the third quarter. Vanguard Group Inc. now owns 28,140,287 shares of the data storage provider’s stock valued at $6,642,796,000 after purchasing an additional 442,749 shares during the period. State Street Corp raised its position in Seagate Technology by 1.0% in the fourth quarter. State Street Corp now owns 9,370,805 shares of the data storage provider’s stock valued at $2,587,535,000 after purchasing an additional 94,527 shares during the period. Morgan Stanley raised its position in Seagate Technology by 5.1% in the fourth quarter. Morgan Stanley now owns 5,317,516 shares of the data storage provider’s stock valued at $1,464,391,000 after purchasing an additional 258,151 shares during the period. WCM Investment Management LLC purchased a new stake in Seagate Technology in the third quarter valued at $1,187,621,000. Finally, Geode Capital Management LLC raised its position in Seagate Technology by 5.0% in the fourth quarter. Geode Capital Management LLC now owns 4,896,815 shares of the data storage provider’s stock valued at $1,343,683,000 after purchasing an additional 234,436 shares during the period. Institutional investors and hedge funds own 92.87% of the company’s stock.

Key Headlines Impacting Seagate Technology

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

Positive Sentiment: Evercore raised its price target on Seagate to $1,000 after an investor meeting, highlighting confidence in HAMR technology and future growth potential. Seagate gets new $1000 price target at Evercore after investor meeting
Positive Sentiment: BofA and other bulls remain constructive after Seagate’s strong fiscal Q3 results, which came in above guidance and featured record margins and roughly $1 billion in free cash flow, reinforcing the AI storage growth story. A Look At Seagate Technology Holdings (STX) Valuation After Strong Q3 Results And Growing AI Infrastructure Optimism
Positive Sentiment: Commentary around booming AI-led storage demand, including cloud demand and HAMR adoption, is keeping investors focused on Seagate as a direct beneficiary of the AI infrastructure buildout. STX Soars 197% YTD: Buy the Stock Amid Booming AI-Led Storage Demand?
Neutral Sentiment: Seagate announced the planned retirement of Lead Independent Director Mike Cannon from the board; while not a major operational issue, it raises some governance questions after a huge run in the stock. Seagate Board Transition Raises Questions For AI Storage Growth Story
Neutral Sentiment: Broader AI memory-chip enthusiasm and the rally in related names are adding positive sector momentum for Seagate, though this is more of an industry tailwind than a company-specific catalyst. Micron, SanDisk Stocks Jump — AI Memory Boom Ignites Chip Rally

Wall Street Analyst Weigh In

STX has been the topic of a number of research analyst reports. Sanford C. Bernstein lifted their price target on Seagate Technology from $620.00 to $1,000.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 29th. Bank of America lifted their price target on Seagate Technology from $700.00 to $840.00 and gave the stock a “buy” rating in a research note on Monday, April 27th. TD Cowen lifted their price target on Seagate Technology from $500.00 to $850.00 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. Barclays boosted their price objective on Seagate Technology from $625.00 to $750.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 29th. Finally, KeyCorp set a $500.00 price objective on Seagate Technology in a research note on Wednesday, January 28th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $719.54.

Check Out Our Latest Report on Seagate Technology

About Seagate Technology

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Seagate Technology (NASDAQ: STX) is a global data storage company that designs, manufactures and sells a broad range of storage products and systems. The firm’s product portfolio includes traditional hard disk drives (HDDs), solid-state drives (SSDs), hybrid storage devices and integrated storage systems aimed at enterprise, cloud, OEM and consumer markets. Seagate also provides services that support its hardware offerings, including data recovery and storage management solutions.

Seagate’s products are used in a wide array of applications, from large-scale data centers and cloud infrastructure to desktop and portable consumer devices.