Key Points
- CFO Gianluca Romano sold 1,348 Seagate shares for approximately $1.16 million, reducing his direct ownership by 4.45% to 28,930 shares. The sale follows several additional insider transactions in August.
- Seagate reported quarterly EPS of $5.71, beating estimates by $0.61, while revenue rose 48.5% year over year to $3.63 billion. The company issued fiscal 2027 first-quarter EPS guidance of $7.10–$7.50.
- Analysts remain broadly positive, with a consensus “Moderate Buy” rating and an average price target of $986; Seagate also declared a quarterly dividend of $0.74 per share.
Seagate Technology Holdings PLC (NASDAQ:STX - Get Free Report) EVP John Morris sold 572 shares of the stock in a transaction that occurred on Thursday, September 10th. The stock was sold at an average price of $862.13, for a total value of $493,138.36. Following the completion of the transaction, the executive vice president directly owned 15,707 shares in the company, valued at approximately $13,541,475.91. This trade represents a 3.51% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
John Christopher Morris also recently made the following trade(s):
- On Friday, August 21st, John Morris sold 3,516 shares of Seagate Technology stock. The stock was sold at an average price of $849.35, for a total value of $2,986,314.60.
- On Thursday, August 20th, John Morris sold 523 shares of Seagate Technology stock. The shares were sold at an average price of $835.54, for a total value of $436,987.42.
- On Monday, August 3rd, John Morris sold 168 shares of Seagate Technology stock. The stock was sold at an average price of $817.76, for a total transaction of $137,383.68.
Seagate Technology Stock Down 3.7%
Shares of Seagate Technology stock opened at $830.17 on Friday. The company has a debt-to-equity ratio of 1.56, a current ratio of 1.67 and a quick ratio of 1.17. Seagate Technology Holdings PLC has a 1 year low of $193.32 and a 1 year high of $1,145.00. The firm's 50-day moving average is $848.79 and its two-hundred day moving average is $725.45. The stock has a market cap of $188.77 billion, a price-to-earnings ratio of 59.81 and a beta of 2.06.
Seagate Technology (NASDAQ:STX - Get Free Report) last posted its quarterly earnings results on Tuesday, July 28th. The data storage provider reported $5.71 EPS for the quarter, beating the consensus estimate of $5.10 by $0.61. Seagate Technology had a net margin of 26.11% and a return on equity of 369.98%. The business had revenue of $3.63 billion during the quarter, compared to analyst estimates of $3.50 billion. During the same quarter in the previous year, the business posted $2.59 EPS. The company's quarterly revenue was up 48.5% compared to the same quarter last year. Seagate Technology has set its Q1 2027 guidance at 7.100-7.500 EPS. As a group, research analysts expect that Seagate Technology Holdings PLC will post 35.7 earnings per share for the current fiscal year.
Seagate Technology Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 7th. Shareholders of record on Thursday, September 24th will be given a dividend of $0.74 per share. This represents a $2.96 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend is Thursday, September 24th. Seagate Technology's dividend payout ratio (DPR) is 21.33%.
Institutional Trading of Seagate Technology
A number of institutional investors have recently made changes to their positions in STX. Integrated Wealth Concepts LLC grew its stake in Seagate Technology by 168.0% during the 1st quarter. Integrated Wealth Concepts LLC now owns 7,177 shares of the data storage provider's stock worth $610,000 after buying an additional 4,499 shares during the last quarter. Sivia Capital Partners LLC purchased a new stake in Seagate Technology in the second quarter valued at about $262,000. Cerity Partners LLC raised its stake in Seagate Technology by 25.8% in the second quarter. Cerity Partners LLC now owns 36,682 shares of the data storage provider's stock valued at $5,294,000 after buying an additional 7,517 shares during the last quarter. Sei Investments Co. boosted its holdings in Seagate Technology by 64.8% in the second quarter. Sei Investments Co. now owns 8,543 shares of the data storage provider's stock worth $1,233,000 after acquiring an additional 3,358 shares in the last quarter. Finally, The Manufacturers Life Insurance Company boosted its holdings in Seagate Technology by 0.4% in 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 acquiring an additional 462 shares in the last quarter. Institutional investors and hedge funds own 92.87% of the company's stock.
Wall Street Analyst Weigh In
A number of equities research analysts recently weighed in on STX shares. Zacks Research upgraded Seagate Technology from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, July 28th. Fox Advisors lowered Seagate Technology from an "overweight" rating to an "equal weight" rating in a research note on Monday, June 22nd. Morgan Stanley boosted their target price on shares of Seagate Technology from $1,035.00 to $1,187.00 and gave the stock an "overweight" rating in a report on Wednesday, July 29th. Wedbush increased their price target on shares of Seagate Technology from $825.00 to $1,000.00 and gave the company an "outperform" rating in a research report on Wednesday, July 29th. Finally, TD Cowen raised their price target on shares of Seagate Technology from $850.00 to $1,000.00 and gave the company a "buy" rating in a report on Wednesday, July 29th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and four have given a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $986.00.
Read Our Latest Research Report on STX
More Seagate Technology News
Here are the key news stories impacting Seagate Technology this week:
- Positive Sentiment: Analyst commentary remains constructive on Seagate’s fiscal 2027 prospects. Cloud-storage demand, growing AI workloads and the company’s HAMR technology are expected to support revenue growth exceeding fiscal 2026 levels. Can Seagate Sustain Its Strong Revenue Growth in Fiscal 2027?
- Positive Sentiment: Seagate’s recent earnings momentum and exposure to AI infrastructure continue to underpin the bullish case; the company previously exceeded quarterly EPS and revenue expectations and issued strong fiscal 2027 guidance.
- Neutral Sentiment: Management presented at the Goldman Sachs Communacopia + Technology Conference, giving investors additional commentary on the company’s strategy and demand outlook, but no major new financial catalyst was identified. Seagate Technology Holdings plc Presents at Goldman Sachs Communacopia + Technology Conference 2026
- Negative Sentiment: Storage and semiconductor stocks came under selling pressure following an AI algorithmic-efficiency breakthrough, raising concerns that improved efficiency could reduce the near-term intensity of infrastructure spending. Seagate Stock Drops Friday: What's Going On?
- Negative Sentiment: After roughly tripling during the year, Seagate stock is experiencing profit-taking as investors lock in gains. The pullback reflects elevated expectations and high valuation sensitivity across the storage group. Storage Stocks Slide as Profit Taking Follows Big Run
- Negative Sentiment: CEO William Mosley, CFO Gianluca Romano and executives John Morris and Ban Teh reported stock sales totaling about $4.7 million. The sales were relatively small compared with their remaining holdings, and Ban Teh’s transaction was executed under a pre-arranged Rule 10b5-1 plan, but the cluster of insider selling may add to short-term investor caution. SEC insider transaction filings
Seagate Technology Company Profile
(
Get Free Report)
Seagate Technology Holdings plc is a data storage technology company that develops and manufactures mass-capacity storage solutions for businesses and consumers. Its product portfolio is centered on hard disk drives (HDDs), which are used in cloud data centers, enterprise systems, network-attached storage, video and imaging applications, and personal computing.
The company also offers solid-state drives (SSDs), external storage products, storage systems, and related data-management and recovery services.
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