Insider Selling: Seagate Technology (NASDAQ:STX) EVP Sells $1,739,151.25 in Stock

November 4, 2026 by InsiderTrades.com

Key Points

Seagate EVP John Morris sold 2,675 shares for about $1.74 million, reducing his direct holdings by 11.33% to 20,933 shares. The sale was made under a pre-arranged Rule 10b5-1 trading plan.
Seagate beat quarterly estimates, reporting EPS of $7.68 and revenue of $4.23 billion; revenue rose 61% year over year. The company also raised its quarterly dividend from $0.74 to $0.76 per share.
Analysts maintain a “Moderate Buy” consensus, with an average price target of $1,000.88, although several firms recently lowered their targets.

Seagate Technology Holdings PLC (NASDAQ:STX - Get Free Report) EVP John Morris sold 2,675 shares of Seagate Technology stock in a transaction that occurred on Friday, October 30th. The shares were sold at an average price of $650.15, for a total transaction of $1,739,151.25. Following the completion of the transaction, the executive vice president directly owned 20,933 shares in the company, valued at approximately $13,609,589.95. This represents a 11.33% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

3 Stocks Under the Microscope After Large Insider Sales

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

On Monday, September 21st, John Morris sold 9,354 shares of Seagate Technology stock. The stock was sold at an average price of $877.91, for a total transaction of $8,211,970.14.
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 transaction of $11,942,071.90.
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 stock was 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 transaction 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 transaction of $436,987.42.

Seagate Technology Stock Up 2.1%

STX stock opened at $606.38 on Wednesday. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.82 and a quick ratio of 1.25. Seagate Technology Holdings PLC has a 52-week low of $228.61 and a 52-week high of $1,145.00. The company has a 50-day moving average of $790.20 and a two-hundred day moving average of $691.26. The stock has a market capitalization of $139.20 billion, a price-to-earnings ratio of 31.85 and a beta of 2.16.

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Seagate Technology (NASDAQ:STX - Get Free Report) last issued its quarterly earnings results on Tuesday, October 27th. The data storage provider reported $7.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.44 by $0.24. The company had revenue of $4.23 billion for the quarter, compared to the consensus estimate of $4.15 billion. Seagate Technology had a return on equity of 252.47% and a net margin of 31.86%. The firm's revenue was up 61.0% compared to the same quarter last year. During the same period last year, the business posted $2.61 earnings per share. As a group, equities research analysts anticipate that Seagate Technology Holdings PLC will post 37.96 EPS for the current year.

Seagate Technology Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 7th. Stockholders of record on Wednesday, December 23rd will be issued a dividend of $0.76 per share. This represents a $3.04 dividend on an annualized basis and a dividend yield of 0.5%. This is a boost from Seagate Technology's previous quarterly dividend of $0.74. The ex-dividend date is Wednesday, December 23rd. Seagate Technology's dividend payout ratio is presently 15.55%.

Analysts Set New Price Targets

Seagate Technology Stock Surges as Earnings Beat Silences AI Doubters

Several equities research analysts have recently issued reports on STX shares. Weiss Ratings downgraded shares of Seagate Technology from a "buy (b)" rating to a "buy (b-)" rating in a research note on Monday. Citigroup cut their target price on shares of Seagate Technology from $1,300.00 to $1,050.00 and set a "buy" rating for the company in a research note on Wednesday, October 28th. Sanford C. Bernstein reissued an "outperform" rating and issued a $1,350.00 price target on shares of Seagate Technology in a report on Wednesday, July 29th. TD Cowen decreased their price target on shares of Seagate Technology from $1,000.00 to $900.00 and set a "buy" rating on the stock in a research report on Wednesday, October 28th. Finally, Cantor Fitzgerald decreased their price target on shares of Seagate Technology from $1,300.00 to $1,000.00 and set an "overweight" rating on the stock in a research report on Monday, October 26th. Twenty-three investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $1,000.88.

Read Our Latest Stock Report on STX

Institutional Trading of Seagate Technology

A number of institutional investors and hedge funds have recently modified their holdings of the company. Signature Equity Partners LLC lifted its position in Seagate Technology by 383.3% in the third quarter. Signature Equity Partners LLC now owns 29 shares of the data storage provider's stock worth $27,000 after purchasing an additional 23 shares during the period. Retirement Wealth Solutions LLC increased its holdings in 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 buying an additional 12 shares during the period. Annis Gardner Whiting Capital Advisors LLC raised its stake in shares of Seagate Technology by 23.1% in 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 buying an additional 15 shares in the last quarter. WealthCollab LLC raised 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 buying an additional 20 shares in the last quarter. Finally, Catalyst Capital Advisors LLC acquired a new position in shares of Seagate Technology in the 1st quarter valued at $39,000. 92.87% of the stock is currently owned by institutional investors.

Trending Headlines about Seagate Technology

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

Positive Sentiment: Seagate’s reported $1.2 billion debt paydown, surging free cash flow and higher dividend point to improved financial flexibility and greater capacity for shareholder returns. Seagate's $1.2 Billion Debt Paydown: What Comes Next for Investors?
Positive Sentiment: Analysts cited cloud-storage demand, pricing and the ramp-up of Seagate’s HAMR technology as drivers of an improving fiscal second-quarter outlook, supporting expectations for revenue and earnings growth. Execution remains important. Seagate Q2 Outlook Signals Stronger Growth as HAMR Ramp Accelerates
Positive Sentiment: A rebound in chip stocks and technology shares offered a supportive backdrop for STX and helped accompany its rally. Why is Seagate Stock Rallying Today?
Neutral Sentiment: CEO William D. Mosley and EVP John Morris reported share sales. The transactions were made under pre-arranged Rule 10b5-1 plans; Mosley continued to hold a substantial stake. Such planned sales may be less informative than discretionary transactions, though investors may still monitor insider activity. SEC filing for CEO share sale
Negative Sentiment: Despite stronger operating results, STX had fallen sharply over the prior month. Commentary flags its premium valuation and execution risks as concerns, leaving the stock vulnerable if growth expectations disappoint. STX Falls as Risks Test AI Storage Momentum

Seagate Technology Company Profile

(Get Free Report)

Seagate Technology Holdings plc (NASDAQ: STX) is a data storage company that develops and manufactures mass-capacity storage products and solutions. Its portfolio is centered on hard disk drives (HDDs) used in cloud data centers, enterprise systems, network-attached storage, video and imaging applications, and personal computers.

The company also provides storage-related services and solutions designed to help organizations store, manage, protect, and access large volumes of digital information.