Insider Selling: Seagate Technology (NASDAQ:STX) EVP Sells 697 Shares of Stock

Seagate Technology Holdings PLC (NASDAQ:STX - Get Free Report) EVP James Ci Lee sold 697 shares of the stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $741.17, for a total transaction of $516,595.49. Following the transaction, the executive vice president owned 324 shares of the company's stock, valued at approximately $240,139.08. This represents a 68.27% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Seagate Technology Trading Up 2.0%

• These 3 AI Stocks Just Crushed Earnings: Still Time To Buy?

Seagate Technology stock opened at $786.42 on Thursday. The firm has a 50-day moving average of $469.01 and a 200-day moving average of $365.87. Seagate Technology Holdings PLC has a one year low of $93.32 and a one year high of $792.01. 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 cap of $176.34 billion, a price-to-earnings ratio of 74.61 and a beta of 1.98.

---

---

Seagate Technology (NASDAQ:STX - Get Free Report) last posted its quarterly earnings data on Tuesday, April 28th. The data storage provider reported $4.10 EPS for the quarter, topping analysts' consensus estimates of $3.51 by $0.59. Seagate Technology had a net margin of 21.60% and a return on equity of 1,005.65%. The company 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 business posted $1.90 EPS. The company's quarterly revenue was up 44.1% on a year-over-year basis. Seagate Technology has set its Q4 2026 guidance at 4.800-5.200 EPS. On average, equities analysts expect that Seagate Technology Holdings PLC will post 14.1 earnings per share for the current fiscal year.

Seagate Technology Dividend Announcement

• 5 Stocks Positioned to Win the AI Data Center Buildout

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 7th. Stockholders of record on Wednesday, June 24th will be paid a dividend of $0.74 per share. This represents a $2.96 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date is Wednesday, June 24th. Seagate Technology's dividend payout ratio is currently 28.08%.

Key Stories Impacting Seagate Technology

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

• Positive Sentiment: Seagate launched an AI‑focused storage suite (consumer and professional products, up to 256TB, Thunderbolt 5 support) that reinforces its AI/data‑center growth story and could support higher ASPs. Read More.
• Positive Sentiment: Analysts and media are boosting sentiment — multiple firms raised price targets and some upgraded ratings in late April/early May, supporting a premium re‑rating versus historical multiples. Read More.
• Positive Sentiment: Macro risk appetite is improving (VIX falling toward ~17), which typically benefits tech and cyclical names like Seagate and helps momentum flows. Read More.
• Neutral Sentiment: Long‑time Lead Independent Director Mike Cannon will retire at the end of his term in Oct‑2026 — an orderly governance change given his tenure. Read More.
• Neutral Sentiment: Seagate announced a quarterly dividend (annualized $2.96; ~0.4% yield) — notable but modest versus valuation; this is income‑supportive but not a major catalyst. Read More.
• Neutral Sentiment: Additional media/analyst momentum pieces highlighting STX as an AI/momentum play are supporting retail and quant flows, though their impact is sentiment‑driven and indirect. Read More.
• Negative Sentiment: EVP James Ci Lee sold 697 shares at ~$741.17 under a pre‑arranged 10b5‑1 plan; routine but contributes to headline insider selling. Read More.
• Negative Sentiment: EVP John Christopher Morris sold 5,626 shares at ~$738.37 under a 10b5‑1 plan — a sizeable disposition that may attract investor attention despite being pre‑planned. Read More.
• Negative Sentiment: Director Stephanie Tilenius sold 1,580 shares at ~$766.61; multiple recent insider sales collectively add short‑term headline risk even if they’re disclosed. Read More.

Analyst Ratings Changes

• These 4 Stocks Are Quietly Riding NVIDIA's Data Center Boom Higher

STX has been the subject of a number of recent research reports. Zacks Research upgraded shares of Seagate Technology from a "hold" rating to a "strong-buy" rating in a research note on Friday, May 1st. Morgan Stanley increased their price objective on shares of Seagate Technology from $582.00 to $767.00 and gave the stock an "overweight" rating in a research note on Wednesday, April 29th. Weiss Ratings restated a "buy (b)" rating on shares of Seagate Technology in a research note on Friday, March 27th. Jefferies Financial Group restated a "hold" rating on shares of Seagate Technology in a research note on Wednesday, February 4th. Finally, The Goldman Sachs Group increased their price objective on shares of Seagate Technology from $385.00 to $700.00 and gave the stock a "buy" rating in a research note on Wednesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and four have given a Hold rating to the company's stock. Based on data from MarketBeat, Seagate Technology currently has an average rating of "Moderate Buy" and an average price target of $709.13.

View Our Latest Report on STX

Institutional Investors Weigh In On Seagate Technology

A number of institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in shares of Seagate Technology by 1.6% in the 3rd quarter. Vanguard Group Inc. now owns 28,140,287 shares of the data storage provider's stock valued at $6,642,796,000 after purchasing an additional 442,749 shares during the period. State Street Corp raised its holdings in shares of Seagate Technology by 1.0% in the 4th quarter. State Street Corp now owns 9,370,805 shares of the data storage provider's stock valued at $2,587,535,000 after purchasing an additional 94,527 shares during the period. Morgan Stanley raised its holdings in shares of Seagate Technology by 5.1% in the 4th quarter. Morgan Stanley now owns 5,317,516 shares of the data storage provider's stock valued at $1,464,391,000 after purchasing an additional 258,151 shares during the period. WCM Investment Management LLC bought a new stake in shares of Seagate Technology in the 3rd quarter valued at about $1,187,621,000. Finally, Geode Capital Management LLC raised its holdings in shares of Seagate Technology by 5.0% in the 4th quarter. Geode Capital Management LLC now owns 4,896,815 shares of the data storage provider's stock valued at $1,343,683,000 after purchasing an additional 234,436 shares during the period. 92.87% of the stock is owned by institutional investors.

Seagate Technology Company Profile

(Get Free Report)

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.

See Also

• Five stocks we like better than Seagate Technology

This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].