James Ci Lee Sells 9,013 Shares of Seagate Technology (NASDAQ:STX) Stock

Seagate Technology Holdings PLC (NASDAQ:STX) EVP James Ci Lee sold 9,013 shares of the stock in a transaction on Monday, August 24th. The shares were sold at an average price of $794.84, for a total value of $7,163,892.92. Following the sale, the executive vice president owned 347 shares in the company, valued at approximately $275,809.48. This trade represents a 96.29% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

James Ci Lee also recently made the following trade(s):

• On Friday, August 21st, James Ci Lee sold 3,939 shares of Seagate Technology stock. The stock was sold at an average price of $849.35, for a total value of $3,345,589.65.
• On Thursday, July 30th, James Ci Lee sold 694 shares of Seagate Technology stock. The stock was sold at an average price of $877.45, for a total value of $608,950.30.

Seagate Technology Stock Up 0.1%

Shares of NASDAQ:STX opened at $847.20 on Friday. The company has a quick ratio of 1.17, a current ratio of 1.67 and a debt-to-equity ratio of 1.56. The company has a market capitalization of $192.02 billion, a P/E ratio of 61.04 and a beta of 2.06. Seagate Technology Holdings PLC has a 52-week low of $163.86 and a 52-week high of $1,145.00. The stock’s fifty day simple moving average is $875.70 and its 200-day simple moving average is $694.71.

Seagate Technology (NASDAQ:STX) last posted its quarterly earnings data 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 return on equity of 369.98% and a net margin of 26.11%.The firm’s quarterly revenue was up 48.5% compared to the same quarter last year. During the same quarter last year, the business posted $2.59 EPS. Seagate Technology has set its Q1 2027 guidance at 7.100-7.500 EPS. As a group, 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 declared a quarterly dividend, which will be paid on Wednesday, October 7th. Stockholders of record on Thursday, September 24th will be issued a dividend of $0.74 per share. The ex-dividend date is Thursday, September 24th. This represents a $2.96 dividend on an annualized basis and a dividend yield of 0.3%. Seagate Technology’s payout ratio is 21.33%.

Hedge Funds Weigh In On Seagate Technology

Large investors have recently bought and sold shares of the stock. Rakuten Securities Inc. grew its stake in shares of Seagate Technology by 884.2% during the 2nd 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 period. Concord Wealth Partners purchased a new position in shares of Seagate Technology in the 4th quarter worth $28,000. Retirement Wealth Solutions LLC raised its position in shares of Seagate Technology by 70.6% in the 2nd quarter. Retirement Wealth Solutions LLC now owns 29 shares of the data storage provider’s stock worth $28,000 after buying an additional 12 shares during the period. Annis Gardner Whiting Capital Advisors LLC boosted its holdings in Seagate Technology by 23.1% in the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 80 shares of the data storage provider’s stock valued at $31,000 after acquiring an additional 15 shares during the last quarter. Finally, Quarry LP acquired a new position in Seagate Technology in the fourth quarter valued at $31,000. Hedge funds and other institutional investors own 92.87% of the company’s stock.

More Seagate Technology News

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

• Positive Sentiment: Seagate’s management will participate in upcoming investor events, including The Six Five Summit: AI Unleashed 2026. Investors may look for updates on AI-related storage demand, product plans and hyperscaler relationships. Seagate to Participate in Upcoming Investor Events
• Positive Sentiment: Analyst coverage continues to emphasize Seagate’s potential as an indirect AI beneficiary. Expanding data-center workloads, high-capacity storage requirements and reported hyperscaler contracts through 2027 could support revenue growth. Prediction: Seagate Could Be One of AI’s Most Unexpected Winners
• Positive Sentiment: The company’s latest quarter exceeded expectations, with adjusted earnings of $5.71 per share versus a $5.10 consensus estimate and revenue of $3.63 billion versus $3.50 billion expected. Revenue increased 48.5% year over year, and management’s next-quarter EPS guidance of $7.10 to $7.50 points to continued momentum. Seagate Up 10.7% Since Last Earnings Report
• Positive Sentiment: Sell-side sentiment remains favorable, with a Moderate Buy consensus and an average price target of $986. Recent target increases from Citigroup, Wells Fargo, Argus and TD Cowen reflect confidence in Seagate’s earnings outlook and AI-linked demand.
• Neutral Sentiment: Seagate declared a quarterly dividend of $0.74 per share, or $2.96 annualized. The approximately 0.3% yield offers modest shareholder income but is unlikely to be a significant near-term catalyst.
• Neutral Sentiment: The stock has outperformed since earnings but remains volatile and trades below its 50-day moving average. Its high beta and premium earnings multiple leave it sensitive to profit-taking, interest-rate changes and broader technology-sector sentiment.
• Negative Sentiment: EVP James Ci Lee sold 9,013 shares worth approximately $7.16 million, reducing his direct position by 96.29%. The sale was made under a pre-arranged Rule 10b5-1 plan, which lessens its significance but may still weigh on investor sentiment. SEC filing for James Ci Lee stock sale

Wall Street Analysts Forecast Growth

Several research firms have commented on STX. Melius Research started coverage on shares of Seagate Technology in a research note on Monday, June 29th. They issued a “buy” rating and a $1,600.00 target price for the company. Evercore increased their price target on Seagate Technology from $750.00 to $1,000.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 12th. Rosenblatt Securities raised their price objective on Seagate Technology from $1,300.00 to $1,400.00 and gave the stock a “buy” rating in a report on Wednesday, July 29th. Bank of America lifted their price objective on Seagate Technology from $1,000.00 to $1,150.00 and gave the company a “buy” rating in a research report on Wednesday, July 1st. Finally, JPMorgan Chase & Co. upped their target price on Seagate Technology from $1,095.00 to $1,240.00 and gave the company an “overweight” rating in a research note on Wednesday, July 29th. One analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, Seagate Technology has a consensus rating of “Moderate Buy” and a consensus price target of $986.00.

Seagate Technology Company Profile

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.