Jay Geldmacher Sells 925 Shares of Seagate Technology (NASDAQ:STX) Stock

Seagate Technology Holdings PLC (NASDAQ:STX) Director Jay Geldmacher sold 925 shares of Seagate Technology stock in a transaction dated Friday, January 30th. The shares were sold at an average price of $448.02, for a total value of $414,418.50. Following the transaction, the director owned 223 shares in the company, valued at $99,908.46. This trade represents a 80.57% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Seagate Technology Price Performance

NASDAQ STX opened at $444.45 on Wednesday. The company has a debt-to-equity ratio of 7.63, a quick ratio of 0.72 and a current ratio of 1.12. The stock has a market cap of $96.92 billion, a price-to-earnings ratio of 50.28, a PEG ratio of 0.97 and a beta of 1.62. The business has a 50 day simple moving average of $311.90 and a 200 day simple moving average of $243.79. Seagate Technology Holdings PLC has a 52-week low of $63.19 and a 52-week high of $459.41.

Seagate Technology (NASDAQ:STX) last announced its quarterly earnings results on Tuesday, January 27th. The data storage provider reported $3.11 earnings per share for the quarter, beating analysts’ consensus estimates of $2.77 by $0.34. Seagate Technology had a net margin of 19.59% and a negative return on equity of 936.38%. The firm had revenue of $2.83 billion for the quarter, compared to analyst estimates of $2.73 billion. During the same quarter in the previous year, the firm posted $2.03 earnings per share. The business’s revenue was up 21.5% on a year-over-year basis. Seagate Technology has set its Q3 2026 guidance at 3.200-3.600 EPS. Analysts anticipate that Seagate Technology Holdings PLC will post 6.83 earnings per share for the current fiscal year.

Seagate Technology Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 8th. Shareholders of record on Wednesday, March 25th will be issued a dividend of $0.74 per share. This represents a $2.96 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Wednesday, March 25th. Seagate Technology’s dividend payout ratio is 33.48%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on STX shares. Rosenblatt Securities increased their price objective on Seagate Technology from $370.00 to $500.00 and gave the stock a “buy” rating in a report on Wednesday, January 28th. KeyCorp set a $500.00 price target on shares of Seagate Technology in a research note on Wednesday, January 28th. China Renaissance lifted their price objective on shares of Seagate Technology from $325.00 to $452.00 and gave the company a “buy” rating in a report on Thursday, January 15th. The Goldman Sachs Group increased their target price on shares of Seagate Technology from $310.00 to $385.00 and gave the stock a “buy” rating in a report on Wednesday, January 28th. Finally, BNP Paribas Exane raised shares of Seagate Technology from a “neutral” rating to an “outperform” rating and set a $380.00 target price for the company in a research report on Wednesday, January 21st. One analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $417.57.

Hedge Funds Weigh In On Seagate Technology

Several institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. boosted its holdings in shares of Seagate Technology by 1.6% during the 3rd quarter. Vanguard Group Inc. now owns 28,140,287 shares of the data storage provider’s stock worth $6,642,796,000 after buying an additional 442,749 shares during the period. State Street Corp boosted its holdings in shares of Seagate Technology by 3.1% during the third quarter. State Street Corp now owns 9,276,278 shares of the data storage provider’s stock worth $2,196,420,000 after acquiring an additional 274,913 shares during the period. WCM Investment Management LLC acquired a new position in shares of Seagate Technology in the third quarter valued at approximately $1,187,621,000. Geode Capital Management LLC increased its stake in shares of Seagate Technology by 1.9% during the second quarter. Geode Capital Management LLC now owns 4,567,181 shares of the data storage provider’s stock worth $656,066,000 after purchasing an additional 85,660 shares during the period. Finally, Arrowstreet Capital Limited Partnership lifted its holdings in Seagate Technology by 1,072.5% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 2,949,512 shares of the data storage provider’s stock worth $696,262,000 after purchasing an additional 2,697,957 shares during the last quarter. 92.87% of the stock is currently owned by institutional investors and hedge funds.

Key Seagate Technology News

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

• Positive Sentiment: Q2 results and AI tailwind: Seagate reported a better‑than‑expected quarter (EPS $3.11 vs. $2.77 est.; revenue $2.83B vs. $2.73B) and highlighted AI-driven demand and long‑term HAMR visibility, plus Q3 guidance of $3.20–$3.60 EPS — a key driver of today’s bullish sentiment. Article Title
• Positive Sentiment: Analyst upgrades and higher targets: Multiple firms have raised ratings/targets (Cantor Fitzgerald, Barclays, Wedbush, Bernstein and others), lifting the consensus target toward the low‑to‑mid‑$400s — supporting momentum and valuation re‑rating.
• Positive Sentiment: Dividend and shareholder returns: Seagate declared a quarterly dividend of $0.74 (annualized $2.96); steady payout (DPR ~33%) reinforces income appeal for some investors and slightly cushions valuation concerns.
• Neutral Sentiment: Zacks coverage and momentum mentions: Recent Zacks pieces highlight STX as a long‑term growth/momentum pick amid AI-driven storage demand — media coverage can amplify buying but is secondary to concrete results and guidance. Article Title
• Negative Sentiment: Insider selling disclosed: Several insiders sold stock recently — CEO William Mosley sold 20,000 shares (~$8.59M; SEC filing) and EVP Ban Seng Teh sold 20,195 shares (~$8.93M; SEC filing); a director also sold a small stake. These large executive sales can raise short‑term caution among some shareholders. CEO Form 4 EVP Form 4

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.