Key Points
- CEO William Mosley sold 20,000 Seagate shares on Feb. 2 at an average $429.27 for about $8.59M, trimming his stake by 4.65% to 410,056 shares (≈$176M) per the SEC filing.
- Seagate beat quarterly estimates with EPS $3.11 vs. $2.77 and revenue $2.83B, issued Q3 guidance of $3.20–$3.60 EPS, and has seen multiple analyst upgrades toward a consensus target near $417.57.
- Company announced a quarterly dividend of $0.74 (annualized $2.96, yield ~0.7%, ex-dividend Mar. 25, payable Apr. 8) with a payout ratio around 33.5%, supporting shareholder returns amid strong results.
Seagate Technology Holdings PLC (NASDAQ:STX - Get Free Report) CEO William Mosley sold 20,000 shares of Seagate Technology stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $429.27, for a total value of $8,585,400.00. Following the completion of the sale, the chief executive officer owned 410,056 shares in the company, valued at approximately $176,024,739.12. The trade was a 4.65% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Seagate Technology Price Performance
Shares of Seagate Technology stock opened at $444.45 on Wednesday. The stock has a market capitalization of $96.92 billion, a P/E 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 two-hundred day simple moving average of $243.79. Seagate Technology Holdings PLC has a 12 month low of $63.19 and a 12 month high of $459.41. The company has a debt-to-equity ratio of 7.63, a current ratio of 1.12 and a quick ratio of 0.72.
Seagate Technology (NASDAQ:STX - Get Free Report) last issued its quarterly earnings results on Tuesday, January 27th. The data storage provider reported $3.11 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.77 by $0.34. Seagate Technology had a negative return on equity of 936.38% and a net margin of 19.59%.The firm had revenue of $2.83 billion for the quarter, compared to analyst estimates of $2.73 billion. During the same period in the previous year, the company 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. As a group, analysts predict that Seagate Technology Holdings PLC will post 6.83 EPS for the current fiscal year.
Seagate Technology Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 8th. Stockholders of record on Wednesday, March 25th will be issued a dividend of $0.74 per share. The ex-dividend date of this dividend is Wednesday, March 25th. This represents a $2.96 dividend on an annualized basis and a dividend yield of 0.7%. Seagate Technology's dividend payout ratio is presently 33.48%.
Hedge Funds Weigh In On Seagate Technology
Large investors have recently modified their holdings of the business. EWA LLC increased its position in shares of Seagate Technology by 2.1% during the 4th quarter. EWA LLC now owns 1,370 shares of the data storage provider's stock worth $377,000 after purchasing an additional 28 shares during the last quarter. NewEdge Wealth LLC raised its stake in shares of Seagate Technology by 23.5% in the 4th quarter. NewEdge Wealth LLC now owns 15,836 shares of the data storage provider's stock valued at $4,361,000 after acquiring an additional 3,013 shares during the period. Crossmark Global Holdings Inc. lifted its holdings in shares of Seagate Technology by 15.9% in the 4th quarter. Crossmark Global Holdings Inc. now owns 10,724 shares of the data storage provider's stock worth $2,953,000 after acquiring an additional 1,473 shares during the last quarter. Capital City Trust Co. FL purchased a new position in shares of Seagate Technology during the 4th quarter worth approximately $312,000. Finally, GRIMES & Co WEALTH MANAGEMENT LLC boosted its position in shares of Seagate Technology by 20.2% during the 4th quarter. GRIMES & Co WEALTH MANAGEMENT LLC now owns 2,781 shares of the data storage provider's stock worth $766,000 after purchasing an additional 468 shares during the period. Institutional investors and hedge funds own 92.87% of the company's stock.
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
Wall Street Analyst Weigh In
STX has been the subject of several research reports. Mizuho upped their price objective on shares of Seagate Technology from $370.00 to $400.00 and gave the company an "outperform" rating in a research note on Tuesday, January 27th. Exane BNP Paribas raised shares of Seagate Technology from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, January 21st. Morgan Stanley upped their price target on Seagate Technology from $337.00 to $372.00 and gave the company an "overweight" rating in a research report on Thursday, January 22nd. Robert W. Baird increased their price target on Seagate Technology from $270.00 to $505.00 and gave the company an "outperform" rating in a report on Thursday, January 29th. Finally, Weiss Ratings reiterated a "buy (b)" rating on shares of Seagate Technology in a research report on Monday, December 29th. One research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and five have given a Hold rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $417.57.
View 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.
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