Seagate Technology (NASDAQ:STX) EVP John Christopher Morris Sells 9,354 Shares

September 23, 2026 by InsiderTrades.com

Key Points

Seagate EVP John Christopher Morris sold 9,354 shares for approximately $8.2 million under a pre-arranged Rule 10b5-1 trading plan, reducing his direct ownership by 29.19% to 22,693 shares.
Seagate shares opened at $919.84, up 4.8%, following quarterly results that exceeded analyst expectations: EPS was $5.71 versus $5.10 expected, while revenue rose 48.5% year over year to $3.63 billion.
The company declared a quarterly dividend of $0.74 per share, equivalent to an annualized $2.96 dividend and a 0.3% yield. Analysts maintain a consensus “Moderate Buy” rating with an average price target of $986.

Seagate Technology Holdings PLC (NASDAQ:STX - Get Free Report) EVP John Morris sold 9,354 shares of the company's stock in a transaction on Monday, September 21st. The stock was sold at an average price of $877.91, for a total transaction of $8,211,970.14. Following the sale, the executive vice president directly owned 22,693 shares of the company's stock, valued at approximately $19,922,411.63. This trade represents a 29.19% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

On Tuesday, September 15th, John Morris sold 15,466 shares of Seagate Technology stock. The stock was sold at an average price of $772.15, for a total value of $11,942,071.90.
On Monday, September 14th, John Morris sold 493 shares of Seagate Technology stock. The stock was sold at an average price of $781.23, for a total value 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 value of $493,138.36.
On Friday, August 21st, John Morris sold 3,516 shares of Seagate Technology stock. The shares were 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 stock was 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 value of $137,383.68.

Seagate Technology Stock Up 4.8%

Shares of NASDAQ:STX opened at $919.84 on Wednesday. The company has a market capitalization of $209.16 billion, a price-to-earnings ratio of 66.27 and a beta of 2.06. The company has a 50 day moving average of $843.27 and a two-hundred day moving average of $749.33. Seagate Technology Holdings PLC has a 52-week low of $209.00 and a 52-week high of $1,145.00. 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 posted its earnings results on Tuesday, July 28th. The data storage provider reported $5.71 EPS for the quarter, topping analysts' consensus estimates of $5.10 by $0.61. The business had revenue of $3.63 billion for the quarter, compared to analysts' expectations of $3.50 billion. Seagate Technology had a net margin of 26.11% and a return on equity of 369.98%. The business's revenue for the quarter was up 48.5% compared to the same quarter last year. During the same period in the previous year, the company posted $2.59 earnings per share. Seagate Technology has set its Q1 2027 guidance at 7.100-7.500 EPS. As a group, analysts forecast that Seagate Technology Holdings PLC will post 35.7 earnings per share for the current fiscal year.

Seagate Technology Announces Dividend

The company 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 $0.74 dividend. The ex-dividend date is Thursday, September 24th. This represents a $2.96 dividend on an annualized basis and a yield of 0.3%. Seagate Technology's payout ratio is currently 21.33%.

Institutional Trading of Seagate Technology

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Several hedge funds and other institutional investors have recently bought and sold shares of the company. Retirement Wealth Solutions LLC increased its holdings in shares of Seagate Technology by 70.6% in the 2nd quarter. Retirement Wealth Solutions LLC now owns 29 shares of the data storage provider's stock valued at $28,000 after purchasing an additional 12 shares during the period. Annis Gardner Whiting Capital Advisors LLC raised its holdings in shares of Seagate Technology by 23.1% during the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 80 shares of the data storage provider's stock valued at $31,000 after purchasing an additional 15 shares in the last quarter. WealthCollab LLC lifted its stake in shares of Seagate Technology by 27.4% in the 1st quarter. WealthCollab LLC now owns 93 shares of the data storage provider's stock valued at $36,000 after purchasing an additional 20 shares during the last quarter. University of Texas Texas AM Investment Management Co. bought a new stake in Seagate Technology in the fourth quarter worth $37,000. Finally, McMillan Office Inc. acquired a new position in Seagate Technology during the first quarter worth $39,000. 92.87% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. Rosenblatt Securities raised their target price on Seagate Technology from $1,300.00 to $1,400.00 and gave the company a "buy" rating in a research note on Wednesday, July 29th. Fox Advisors downgraded Seagate Technology from an "overweight" rating to an "equal weight" rating in a report on Monday, June 22nd. Sanford C. Bernstein restated an "outperform" rating and set a $1,350.00 price objective on shares of Seagate Technology in a research note on Wednesday, July 29th. Wells Fargo & Company lifted their price objective on Seagate Technology from $1,100.00 to $1,180.00 and gave the stock an "overweight" rating in a report on Wednesday, July 29th. Finally, Mizuho upped their target price on Seagate Technology from $875.00 to $1,090.00 and gave the company an "outperform" rating in a research report on Monday, June 8th. 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, Seagate Technology presently has a consensus rating of "Moderate Buy" and a consensus price target of $986.00.

Check Out Our Latest Stock Analysis on Seagate Technology

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.