Seagate Technology Holdings PLC (NASDAQ:STX - Get Free Report) EVP John Christopher Morris sold 523 shares of the stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $835.54, for a total value of $436,987.42. Following the completion of the sale, the executive vice president owned 15,460 shares of the company's stock, valued at $12,917,448.40. The trade was a 3.27% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
John Christopher Morris also recently made the following trade(s):
- On Friday, August 21st, John Christopher Morris sold 3,516 shares of Seagate Technology stock. The shares were sold at an average price of $849.35, for a total transaction of $2,986,314.60.
- On Monday, August 3rd, John Christopher Morris sold 168 shares of Seagate Technology stock. The shares were sold at an average price of $817.76, for a total transaction of $137,383.68.
- On Friday, June 12th, John Christopher Morris sold 1,364 shares of Seagate Technology stock. The shares were sold at an average price of $880.19, for a total value of $1,200,579.16.
- On Wednesday, June 10th, John Christopher Morris sold 574 shares of Seagate Technology stock. The shares were sold at an average price of $821.66, for a total value of $471,632.84.
Seagate Technology Trading Down 6.5%
STX stock opened at $794.65 on Tuesday. The firm has a fifty day moving average price of $888.74 and a 200 day moving average price of $685.82. Seagate Technology Holdings PLC has a fifty-two week low of $158.68 and a fifty-two week high of $1,145.00. The firm has a market cap of $180.11 billion, a PE ratio of 57.25 and a beta of 2.06. The company has a debt-to-equity ratio of 1.56, a quick ratio of 1.17 and a current ratio of 1.67.
Seagate Technology (NASDAQ:STX - Get Free Report) last released its quarterly earnings results on Tuesday, July 28th. The data storage provider reported $5.71 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $5.10 by $0.61. Seagate Technology had a net margin of 26.11% and a return on equity of 369.98%. The company had revenue of $3.63 billion for the quarter, compared to the consensus estimate of $3.50 billion. During the same quarter in the prior year, the firm earned $2.59 earnings per share. Seagate Technology's revenue was up 48.5% on a year-over-year basis. Seagate Technology has set its Q1 2027 guidance at 7.100-7.500 EPS. Sell-side analysts anticipate that Seagate Technology Holdings PLC will post 34.42 earnings per share for the current fiscal year.
Seagate Technology Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 7th. Stockholders of record on Thursday, September 24th will be paid a $0.74 dividend. This represents a $2.96 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend is Thursday, September 24th. Seagate Technology's dividend payout ratio (DPR) is presently 21.33%.
Trending Headlines about Seagate Technology
Here are the key news stories impacting Seagate Technology this week:
- Positive Sentiment: Several executive transactions, including sales by EVP John Christopher Morris and EVP Ban Seng Teh, were conducted under pre-arranged Rule 10b5-1 trading plans. This may reduce the extent to which the sales are interpreted as discretionary signals about Seagate’s near-term outlook.
- Neutral Sentiment: Seagate’s CEO William D. Mosley sold 18,138 shares for approximately $15.4 million, reducing his direct ownership by 5.73%. He still held 298,483 shares after the transaction. SEC filing for CEO stock sale
- Neutral Sentiment: CFO Gianluca Romano sold 9,076 shares for approximately $7.7 million, cutting his direct holdings by 28.30%, but retained 22,997 shares. SEC filing for CFO stock sale
- Negative Sentiment: Multiple insiders sold shares within two trading days at prices around $836 to $853. The transactions totaled roughly $38.4 million and included substantial reductions in holdings by several executive vice presidents, potentially weighing on sentiment. Seagate Technology slides amid broader tech sector weakness
- Negative Sentiment: The immediate broader-market catalyst was weakness across the technology sector, which pressured Seagate along with other high-beta technology stocks. The company’s elevated valuation and beta may amplify the impact of sector-wide selling.
Wall Street Analysts Forecast Growth
Several research firms recently weighed in on STX. Barclays increased their price target on Seagate Technology from $1,000.00 to $1,250.00 and gave the company an "overweight" rating in a report on Thursday, July 30th. Wells Fargo & Company boosted their price objective on shares of Seagate Technology from $1,100.00 to $1,180.00 and gave the company an "overweight" rating in a research report on Wednesday, July 29th. Bank of America increased their target price on shares of Seagate Technology from $1,000.00 to $1,150.00 and gave the company a "buy" rating in a research note on Wednesday, July 1st. Cantor Fitzgerald restated an "overweight" rating and issued a $1,300.00 target price on shares of Seagate Technology in a report on Wednesday, July 29th. Finally, UBS Group lifted their price target on shares of Seagate Technology from $515.00 to $545.00 and gave the stock a "neutral" rating in a research note on Wednesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, Seagate Technology currently has an average rating of "Moderate Buy" and a consensus target price of $986.00.
Read Our Latest Research Report on Seagate Technology
Institutional Trading of Seagate Technology
Hedge funds and other institutional investors have recently bought and sold shares of the business. PFA Pension Forsikringsaktieselskab bought a new stake in Seagate Technology during the 4th quarter valued at about $23,882,000. New York State Teachers Retirement System grew its stake in Seagate Technology by 5.0% in the 4th quarter. New York State Teachers Retirement System now owns 187,044 shares of the data storage provider's stock worth $51,510,000 after acquiring an additional 8,991 shares in the last quarter. Praxis Investment Management Inc. increased its position in shares of Seagate Technology by 56.5% during the fourth quarter. Praxis Investment Management Inc. now owns 6,615 shares of the data storage provider's stock worth $1,822,000 after acquiring an additional 2,389 shares during the period. NewEdge Advisors LLC increased its position in shares of Seagate Technology by 85.9% during the first quarter. NewEdge Advisors LLC now owns 22,046 shares of the data storage provider's stock worth $8,637,000 after acquiring an additional 10,190 shares during the period. Finally, GLOBALT Investments LLC GA raised its stake in shares of Seagate Technology by 820.8% during the fourth quarter. GLOBALT Investments LLC GA now owns 9,760 shares of the data storage provider's stock valued at $2,688,000 after acquiring an additional 8,700 shares in the last quarter. Hedge funds and other institutional investors own 92.87% of the company's stock.
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.
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