Key Points
- Seagate CEO William Mosley sold 2,855 shares on June 10 at an average price of $821.74, totaling about $2.35 million. After the sale, he still held 324,870 shares valued at roughly $267 million.
- Seagate reported strong quarterly results, beating expectations with EPS of $4.10 versus $3.51 expected and revenue of $3.11 billion, up 44.1% year over year. The company also raised guidance for Q4 2026 to $4.80-$5.20 EPS.
- Analysts remain broadly bullish on STX, with a consensus rating of “Moderate Buy” and an average target price of $798.50. Recent research notes have highlighted Seagate as a beneficiary of AI-driven storage demand.
Seagate Technology Holdings PLC (NASDAQ:STX - Get Free Report) EVP John Christopher Morris sold 574 shares of the stock in a transaction that occurred on Wednesday, June 10th. The shares were sold at an average price of $821.66, for a total transaction of $471,632.84. Following the completion of the transaction, the executive vice president owned 12,199 shares in the company, valued at $10,023,430.34. This represents a 4.49% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
John Christopher Morris also recently made the following trade(s):
- On Monday, May 4th, John Christopher Morris sold 5,626 shares of Seagate Technology stock. The shares were sold at an average price of $738.37, for a total transaction of $4,154,069.62.
Seagate Technology Stock Performance
Shares of Seagate Technology stock opened at $868.09 on Friday. The firm has a market capitalization of $194.65 billion, a P/E ratio of 82.36 and a beta of 2.04. Seagate Technology Holdings PLC has a 52 week low of $124.63 and a 52 week high of $966.80. The company has a quick ratio of 0.85, a current ratio of 1.33 and a debt-to-equity ratio of 3.16. The firm's 50 day moving average is $699.38 and its two-hundred day moving average is $472.60.
Seagate Technology (NASDAQ:STX - Get Free Report) last announced its quarterly earnings results on Tuesday, April 28th. The data storage provider reported $4.10 EPS for the quarter, beating the consensus estimate of $3.51 by $0.59. The company had revenue of $3.11 billion for the quarter, compared to analyst estimates of $2.96 billion. Seagate Technology had a net margin of 21.60% and a return on equity of 1,005.65%. The firm's revenue was up 44.1% on a year-over-year basis. During the same period in the prior year, the firm posted $1.90 earnings per share. Seagate Technology has set its Q4 2026 guidance at 4.800-5.200 EPS. Research analysts forecast that Seagate Technology Holdings PLC will post 14.1 EPS for the current fiscal year.
Seagate Technology Dividend Announcement
The business 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 currently 28.08%.
Seagate Technology News Summary
Here are the key news stories impacting Seagate Technology this week:
Institutional Investors Weigh In On Seagate Technology
Several hedge funds have recently modified their holdings of STX. Integrated Wealth Concepts LLC lifted its holdings in shares of Seagate Technology by 168.0% during the first quarter. Integrated Wealth Concepts LLC now owns 7,177 shares of the data storage provider's stock worth $610,000 after purchasing an additional 4,499 shares during the period. Sivia Capital Partners LLC acquired a new stake in shares of Seagate Technology during the second quarter worth $262,000. Cerity Partners LLC lifted its holdings in shares of Seagate Technology by 25.8% during the second quarter. Cerity Partners LLC now owns 36,682 shares of the data storage provider's stock worth $5,294,000 after purchasing an additional 7,517 shares during the period. Sei Investments Co. lifted its holdings in shares of Seagate Technology by 64.8% during the second quarter. Sei Investments Co. now owns 8,543 shares of the data storage provider's stock worth $1,233,000 after purchasing an additional 3,358 shares during the period. Finally, The Manufacturers Life Insurance Company lifted its holdings in shares of Seagate Technology by 0.4% during the second quarter. The Manufacturers Life Insurance Company now owns 127,887 shares of the data storage provider's stock worth $18,458,000 after purchasing an additional 462 shares during the period. 92.87% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
STX has been the topic of a number of research reports. BNP Paribas Exane raised their target price on shares of Seagate Technology from $530.00 to $860.00 and gave the stock an "outperform" rating in a research report on Wednesday, April 29th. Loop Capital raised their target price on shares of Seagate Technology from $950.00 to $1,140.00 and gave the stock a "buy" rating in a research report on Friday, May 15th. Susquehanna raised their target price on shares of Seagate Technology from $485.00 to $615.00 and gave the stock a "neutral" rating in a research report on Wednesday, April 29th. Wall Street Zen upgraded shares of Seagate Technology from a "hold" rating to a "buy" rating in a research report on Saturday, May 2nd. Finally, Evercore raised their target price on shares of Seagate Technology from $750.00 to $1,000.00 and gave the stock an "outperform" rating in a research report on Tuesday, May 12th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, Seagate Technology has a consensus rating of "Moderate Buy" and a consensus price target of $798.50.
View Our Latest Stock Analysis on STX
About Seagate Technology
(
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.
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