Insider Selling: Seagate Technology (NASDAQ:STX) EVP Sells $11,942,071.90 in Stock

Seagate Technology Holdings PLC (NASDAQ:STX - Get Free Report) EVP John Morris sold 15,466 shares of the stock in a transaction on Tuesday, September 15th. The stock was sold at an average price of $772.15, for a total transaction of $11,942,071.90. Following the completion of the sale, the executive vice president owned 31,132 shares in the company, valued at $24,038,573.80. The trade was a 33.19% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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 Monday, September 14th, John Morris sold 493 shares of Seagate Technology stock. The shares were sold at an average price of $781.23, for a total transaction of $385,146.39.
• On Thursday, September 10th, John Morris sold 572 shares of Seagate Technology stock. The shares were sold at an average price of $862.13, for a total transaction 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 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 shares were sold at an average price of $817.76, for a total value of $137,383.68.

Seagate Technology Stock Up 1.5%

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Shares of STX opened at $783.18 on Thursday. The company has a market capitalization of $178.09 billion, a price-to-earnings ratio of 56.43 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 stock's 50-day moving average price is $844.88 and its 200-day moving average price is $735.67. The company has a quick ratio of 1.17, a current ratio of 1.67 and a debt-to-equity ratio of 1.56.

• Seagate Technology Stock Surges as Earnings Beat Silences AI Doubters

Seagate Technology (NASDAQ:STX - Get Free Report) last announced its quarterly 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. Seagate Technology had a return on equity of 369.98% and a net margin of 26.11%.The company had revenue of $3.63 billion during the quarter, compared to analysts' expectations of $3.50 billion. During the same period last year, the business earned $2.59 earnings per share. Seagate Technology's quarterly 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. On average, sell-side analysts predict that Seagate Technology Holdings PLC will post 35.7 EPS for the current year.

Seagate Technology Dividend Announcement

The company 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 dividend of $0.74 per share. The ex-dividend date of this dividend is Thursday, September 24th. This represents a $2.96 dividend on an annualized basis and a dividend yield of 0.4%. Seagate Technology's dividend payout ratio (DPR) is presently 21.33%.

Wall Street Analysts Forecast Growth

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STX has been the topic of a number of recent analyst reports. Rosenblatt Securities increased their price target on shares of Seagate Technology from $1,300.00 to $1,400.00 and gave the stock a "buy" rating in a report on Wednesday, July 29th. Zacks Research raised shares of Seagate Technology from a "hold" rating to a "strong-buy" rating in a report on Tuesday, July 28th. Susquehanna upped their price objective on shares of Seagate Technology from $775.00 to $875.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 29th. Argus increased their target price on shares of Seagate Technology from $750.00 to $900.00 and gave the stock a "buy" rating in a research note on Thursday, July 30th. Finally, Morgan Stanley raised their target price on Seagate Technology from $1,035.00 to $1,187.00 and gave the company an "overweight" rating in a research report on Wednesday, July 29th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $986.00.

Read Our Latest Stock Analysis on Seagate Technology

Trending Headlines about Seagate Technology

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

• Positive Sentiment: Seagate remains positioned to benefit from AI-driven growth in data-center storage. Fidelity investment commentary describes the company as a primary beneficiary of rising hard-disk-drive demand, supported by strong nearline storage requirements and hyperscale customers. AI-driven HDD demand article
• Positive Sentiment: The company’s latest reported quarter showed revenue growth of 48.5% year over year, with earnings of $5.71 per share exceeding the $5.10 consensus estimate. Management also issued fiscal first-quarter 2027 EPS guidance of $7.10 to $7.50, reinforcing the earnings-growth narrative. Seagate earnings article
• Neutral Sentiment: Analysts remain broadly bullish, with a consensus “Moderate Buy” rating and an average price target of $986. However, coverage also warns that expectations for AI-storage growth may already be reflected in STX’s elevated valuation, increasing the risk of profit-taking. Seagate valuation article
• Negative Sentiment: CEO William Mosley, CFO Gianluca Romano and EVPs John Morris and Ban Teh collectively reported substantial stock sales on September 15. Several transactions sharply reduced their holdings, although the filings state that the sales were made under pre-arranged Rule 10b5-1 plans or to cover tax withholding on vested equity awards. Seagate insider sale filing
• Negative Sentiment: STX has also been affected by a wider technology selloff after prominent AI executives called for a slower, more cautious pace of frontier-model development. That development has pressured AI-exposed storage and semiconductor stocks, even though it does not directly change Seagate’s current earnings outlook. Broader AI technology selloff article

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of STX. Geode Capital Management LLC grew its position in shares of Seagate Technology by 5.0% in the fourth 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 in the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in shares of Seagate Technology by 8.3% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,193,063 shares of the data storage provider's stock valued at $879,338,000 after purchasing an additional 243,551 shares during the last quarter. Wellington Management Group LLP lifted its position in Seagate Technology by 2,655.9% during the second quarter. Wellington Management Group LLP now owns 2,414,136 shares of the data storage provider's stock worth $2,329,641,000 after buying an additional 2,326,538 shares in the last quarter. Norges Bank purchased a new position in Seagate Technology during the fourth quarter worth approximately $498,363,000. Finally, Deutsche Bank AG boosted its stake in Seagate Technology by 102.0% during the fourth quarter. Deutsche Bank AG now owns 1,599,962 shares of the data storage provider's stock worth $440,614,000 after buying an additional 807,962 shares during the last quarter. 92.87% of the stock is owned by hedge funds and other institutional investors.

About Seagate Technology

(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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