Seagate Technology (NASDAQ:STX) EVP Sells 493 Shares

Seagate Technology Holdings PLC (NASDAQ:STX - Get Free Report) EVP John Morris sold 493 shares of the business's stock in a transaction that occurred on Monday, September 14th. The shares were sold at an average price of $781.23, for a total value of $385,146.39. Following the sale, the executive vice president owned 16,468 shares in the company, valued at approximately $12,865,295.64. This represents a 2.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

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John Christopher Morris also recently made the following trade(s):

• On Thursday, September 10th, John Morris sold 572 shares of Seagate Technology stock. The stock was sold at an average price of $862.13, for a total value of $493,138.36.
• 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 transaction 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 transaction of $436,987.42.
• On Monday, August 3rd, John 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.

Seagate Technology Trading Down 4.2%

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Shares of STX stock opened at $771.81 on Wednesday. The firm has a fifty day moving average of $846.41 and a 200-day moving average of $733.04. The stock has a market cap of $175.50 billion, a price-to-earnings ratio of 55.61 and a beta of 2.06. Seagate Technology Holdings PLC has a 52-week low of $206.26 and a 52-week high of $1,145.00. 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 Stock Surges as Earnings Beat Silences AI Doubters

Seagate Technology (NASDAQ:STX - Get Free Report) last issued its earnings results on Tuesday, July 28th. The data storage provider reported $5.71 earnings per share for the quarter, beating the consensus estimate of $5.10 by $0.61. The business had revenue of $3.63 billion for the quarter, compared to analyst estimates of $3.50 billion. Seagate Technology had a net margin of 26.11% and a return on equity of 369.98%. The firm's revenue was up 48.5% on a year-over-year basis. During the same period in the previous year, the business earned $2.59 EPS. Seagate Technology has set its Q1 2027 guidance at 7.100-7.500 EPS. On average, equities research analysts forecast 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 disclosed a quarterly dividend, which will be paid on Wednesday, October 7th. Shareholders of record on Thursday, September 24th will be issued a dividend of $0.74 per share. This represents a $2.96 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend is Thursday, September 24th. Seagate Technology's payout ratio is presently 21.33%.

Institutional Inflows and Outflows

• Which Storage Stock Is Best Positioned to Win the AI Memory War?

Several institutional investors and hedge funds have recently modified their holdings of the business. Retirement Wealth Solutions LLC grew its position in Seagate Technology by 70.6% during the 2nd quarter. Retirement Wealth Solutions LLC now owns 29 shares of the data storage provider's stock worth $28,000 after acquiring an additional 12 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC boosted its stake in Seagate Technology by 23.1% in the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 80 shares of the data storage provider's stock worth $31,000 after purchasing an additional 15 shares in the last quarter. WealthCollab LLC boosted its stake in Seagate Technology by 27.4% in the first quarter. WealthCollab LLC now owns 93 shares of the data storage provider's stock worth $36,000 after purchasing an additional 20 shares in the last quarter. University of Texas Texas AM Investment Management Co. bought a new stake in shares of Seagate Technology during the fourth quarter worth $37,000. Finally, McMillan Office Inc. bought a new stake in shares of Seagate Technology during the first quarter worth $39,000. 92.87% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

STX has been the subject of a number of recent research reports. China Renaissance increased their target price on Seagate Technology from $802.00 to $983.00 in a report on Friday, June 12th. Citigroup upped their price target on Seagate Technology from $1,240.00 to $1,300.00 and gave the company a "buy" rating in a research report on Wednesday, July 29th. Weiss Ratings reiterated a "buy (b)" rating on shares of Seagate Technology in a research note on Wednesday, June 24th. Mizuho lifted their price objective on Seagate Technology from $875.00 to $1,090.00 and gave the company an "outperform" rating in a report on Monday, June 8th. Finally, Morgan Stanley boosted their target price on shares of Seagate Technology from $1,035.00 to $1,187.00 and gave the company an "overweight" rating in a research note on Wednesday, July 29th. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $986.00.

Get Our Latest Stock Report on STX

Seagate Technology News Summary

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

• Positive Sentiment: Seagate is positioned as a major beneficiary of AI-driven hard-disk-drive demand. Fidelity’s investment commentary highlights the company’s exposure to expanding data-storage requirements, while Seagate’s recent results showed 48.5% year-over-year revenue growth and earnings above expectations. Seagate Technology as an AI storage beneficiary
• Positive Sentiment: A Seagate-sponsored global study found that 99% of organizations expect AI to increase storage needs, although only 38% say they are fully prepared. The findings support a long-term demand case for Seagate’s storage products. Seagate AI storage demand research
• Neutral Sentiment: Analysts and industry coverage point to strong nearline demand, hyperscale contracts and next-generation HAMR drive shipments. However, investors are questioning whether much of the AI-storage opportunity is already reflected in STX’s valuation. Seagate versus Western Digital AI storage demand
• Negative Sentiment: Several executives reported sizable stock sales. CFO Gianluca Romano’s transactions reduced his holdings substantially, while CEO William Mosley and other executives also sold shares. The filings state that many sales were made under Rule 10b5-1 plans or to cover tax obligations, reducing their signaling value but still adding short-term investor concern. Seagate executive stock sale filing
• Negative Sentiment: STX has also been caught in a broader technology selloff after prominent AI executives called for a more deliberate pace of frontier-model development. The move has pressured AI-exposed storage and semiconductor names despite Seagate’s favorable demand outlook. Technology stock selloff

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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