Yolanda Lee Conyers Sells 750 Shares of Seagate Technology (NASDAQ:STX) Stock

Seagate Technology Holdings PLC (NASDAQ:STX) Director Yolanda Lee Conyers sold 750 shares of the stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $885.33, for a total transaction of $663,997.50. Following the completion of the sale, the director directly owned 4,101 shares of the company’s stock, valued at $3,630,738.33. This represents a 15.46% decrease in their ownership of the stock. The transaction 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.

Seagate Technology Trading Up 1.5%

STX stock opened at $940.69 on Thursday. Seagate Technology Holdings PLC has a 1-year low of $123.73 and a 1-year high of $966.80. The company has a debt-to-equity ratio of 3.16, a current ratio of 1.33 and a quick ratio of 0.85. The company has a market capitalization of $210.93 billion, a price-to-earnings ratio of 89.25 and a beta of 2.04. The business has a 50 day simple moving average of $642.80 and a two-hundred day simple moving average of $446.76.

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

Seagate Technology Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 7th. Shareholders of record on Wednesday, June 24th will be paid a $0.74 dividend. This represents a $2.96 annualized dividend and a yield of 0.3%. The ex-dividend date is Wednesday, June 24th. Seagate Technology’s dividend payout ratio is presently 28.08%.

More Seagate Technology News

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

• Positive Sentiment: Citigroup raised its price target on Seagate Technology Holdings PLC (STX) to $1,150 and reiterated a Buy rating, which is likely helping fuel the stock’s recent strength. Article Title
• Positive Sentiment: Seagate also reached a $175 million settlement over Huawei-related shareholder claims, which may reduce a lingering legal overhang and improve sentiment. Article Title
• Positive Sentiment: A Forbes piece highlighted Seagate as a data-storage name making new records, reflecting continued momentum in the stock after strong earnings and guidance. Article Title
• Neutral Sentiment: Seagate presented at Bank of America’s 2026 Global Technology Conference, but no major new operational update was included in the transcript. Article Title
• Negative Sentiment: Multiple insiders, including CEO William D. Mosley and directors Yolanda Lee Conyers and Prat Bhatt, sold shares in pre-arranged transactions. These sales were likely routine, but they can still temper enthusiasm at elevated share prices.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Bridgewater Advisors Inc. increased its stake in Seagate Technology by 0.9% in the first quarter. Bridgewater Advisors Inc. now owns 1,477 shares of the data storage provider’s stock worth $579,000 after purchasing an additional 13 shares during the period. Annis Gardner Whiting Capital Advisors LLC increased its stake 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 worth $31,000 after purchasing an additional 15 shares during the period. Beaumont Financial Advisors LLC increased its stake in Seagate Technology by 2.1% in the first quarter. Beaumont Financial Advisors LLC now owns 820 shares of the data storage provider’s stock worth $321,000 after purchasing an additional 17 shares during the period. Cornerstone Wealth Group LLC increased its stake in Seagate Technology by 0.5% in the first quarter. Cornerstone Wealth Group LLC now owns 3,542 shares of the data storage provider’s stock worth $1,388,000 after purchasing an additional 19 shares during the period. Finally, WealthCollab LLC increased its stake in Seagate Technology by 27.4% in the first quarter. WealthCollab LLC now owns 93 shares of the data storage provider’s stock worth $36,000 after purchasing an additional 20 shares during the period. 92.87% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

STX has been the subject of several recent analyst reports. Mizuho upped their price target on Seagate Technology from $565.00 to $700.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 29th. The Goldman Sachs Group upped their price target on Seagate Technology from $385.00 to $700.00 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. Wedbush upped their price target on Seagate Technology from $700.00 to $825.00 and gave the stock an “outperform” rating in a research note on Monday, April 27th. Bank of America increased their target price on Seagate Technology from $840.00 to $900.00 and gave the company a “buy” rating in a research report on Tuesday, May 26th. Finally, BNP Paribas Exane raised their target price on shares of Seagate Technology from $530.00 to $860.00 and gave the company an “outperform” rating in a report on Wednesday, April 29th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $772.04.

About Seagate Technology

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.