Seagate Technology (NASDAQ:STX) CFO Gianluca Romano Sells 1,350 Shares

Seagate Technology Holdings PLC (NASDAQ:STX) CFO Gianluca Romano sold 1,350 shares of the company’s stock in a transaction on Wednesday, June 10th. The stock was sold at an average price of $821.76, for a total transaction of $1,109,376.00. Following the sale, the chief financial officer directly owned 41,380 shares of the company’s stock, valued at $34,004,428.80. The trade was a 3.16% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Wednesday, May 6th, Gianluca Romano sold 22,488 shares of Seagate Technology stock. The stock was sold at an average price of $774.22, for a total transaction of $17,410,659.36.
• On Thursday, May 7th, Gianluca Romano sold 1,902 shares of Seagate Technology stock. The stock was sold at an average price of $770.00, for a total transaction of $1,464,540.00.

Seagate Technology Price Performance

Seagate Technology stock opened at $868.09 on Friday. Seagate Technology Holdings PLC has a 52-week low of $124.63 and a 52-week high of $966.80. The firm has a market capitalization of $194.65 billion, a price-to-earnings ratio of 82.36 and a beta of 2.04. The company has a fifty day simple moving average of $699.38 and a 200-day simple moving average of $472.60. The company has a quick ratio of 0.85, a current ratio of 1.33 and a debt-to-equity ratio of 3.16.

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

Seagate Technology Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 7th. Shareholders of record on Wednesday, June 24th will be given 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 yield of 0.3%. Seagate Technology’s dividend payout ratio is presently 28.08%.

Key Headlines Impacting Seagate Technology

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

• Positive Sentiment: JPMorgan raised its price target on Seagate and kept an Overweight rating, reinforcing bullish sentiment around the company’s AI-driven storage demand. JPMorgan raises price target on Seagate Technology to 920 from 775, maintains overweight rating
• Positive Sentiment: Additional bullish coverage emphasized Seagate as a key beneficiary of AI infrastructure spending, helping support the stock’s recent strength. Seagate Technology (STX) Gaining on Unprecedented AI-Driven Demand
• Positive Sentiment: Analysts and market commentary continue to point to strong storage demand, improved margins, and earnings momentum as reasons investors are re-rating the stock higher. STX Stock Tops Industry Returns in 3 Months: A Smart Investment Now?

Institutional Trading of Seagate Technology

Institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. increased its stake in shares of Seagate Technology by 1.6% during the third 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 increased its stake in shares of Seagate Technology by 1.0% during the fourth quarter. State Street Corp now owns 9,370,805 shares of the data storage provider’s stock worth $2,587,535,000 after buying an additional 94,527 shares during the period. Morgan Stanley increased its stake in shares of Seagate Technology by 5.1% during the fourth quarter. Morgan Stanley now owns 5,317,516 shares of the data storage provider’s stock worth $1,464,391,000 after buying an additional 258,151 shares during the period. Geode Capital Management LLC increased its stake in shares of Seagate Technology by 5.0% during the fourth quarter. Geode Capital Management LLC now owns 4,896,815 shares of the data storage provider’s stock worth $1,343,683,000 after buying an additional 234,436 shares during the period. Finally, Arrowstreet Capital Limited Partnership increased its stake in shares of Seagate Technology by 8.3% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,193,063 shares of the data storage provider’s stock worth $879,338,000 after buying an additional 243,551 shares during the period. 92.87% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have commented on the stock. Wedbush upped their target price on shares of Seagate Technology from $700.00 to $825.00 and gave the company an “outperform” rating in a research report on Monday, April 27th. Evercore boosted their price target on shares of Seagate Technology from $750.00 to $1,000.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 12th. Bank of America boosted their price target on shares of Seagate Technology from $900.00 to $1,000.00 in a research note on Monday. Argus boosted their price target on shares of Seagate Technology from $450.00 to $750.00 and gave the stock a “buy” rating in a research note on Thursday, April 30th. Finally, Susquehanna boosted their price target on shares of Seagate Technology from $485.00 to $615.00 and gave the stock a “neutral” rating in a research note 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 issued a Hold rating to the company’s stock. According to MarketBeat, Seagate Technology has a consensus rating of “Moderate Buy” and an average target price of $798.50.

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.