Insider Selling: Seagate Technology (NASDAQ:STX) CEO Sells $10,000,033.68 in Stock

Seagate Technology Holdings PLC (NASDAQ:STX) CEO William Mosley sold 24,584 shares of the business’s stock in a transaction on Thursday, March 19th. The stock was sold at an average price of $406.77, for a total value of $10,000,033.68. Following the completion of the transaction, the chief executive officer owned 375,591 shares of the company’s stock, valued at $152,779,151.07. This represents a 6.14% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Seagate Technology Trading Down 2.8%

Shares of NASDAQ:STX opened at $413.22 on Thursday. The company has a debt-to-equity ratio of 7.63, a current ratio of 1.12 and a quick ratio of 0.72. Seagate Technology Holdings PLC has a 1 year low of $63.19 and a 1 year high of $459.84. The company has a market cap of $90.11 billion, a P/E ratio of 46.74, a PEG ratio of 0.95 and a beta of 1.61. The stock’s fifty day moving average price is $395.15 and its 200-day moving average price is $304.77.

Seagate Technology (NASDAQ:STX) last released its quarterly earnings data on Tuesday, January 27th. The data storage provider reported $3.11 EPS for the quarter, topping the consensus estimate of $2.77 by $0.34. The company had revenue of $2.83 billion during the quarter, compared to the consensus estimate of $2.73 billion. Seagate Technology had a negative return on equity of 936.38% and a net margin of 19.59%.Seagate Technology’s revenue for the quarter was up 21.5% on a year-over-year basis. During the same period last year, the company earned $2.03 EPS. Seagate Technology has set its Q3 2026 guidance at 3.200-3.600 EPS. Sell-side analysts expect that Seagate Technology Holdings PLC will post 6.83 earnings per share for the current year.

Seagate Technology Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 8th. Stockholders of record on Wednesday, March 25th will be issued a dividend of $0.74 per share. This represents a $2.96 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend is Wednesday, March 25th. Seagate Technology’s payout ratio is presently 33.48%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Citigroup raised their target price on shares of Seagate Technology from $460.00 to $480.00 and gave the stock a “buy” rating in a report on Friday, February 6th. Jefferies Financial Group reissued a “hold” rating on shares of Seagate Technology in a report on Wednesday, February 4th. Susquehanna upgraded Seagate Technology from a “negative” rating to a “neutral” rating and raised their price target for the stock from $150.00 to $280.00 in a research note on Friday, January 16th. BNP Paribas Exane lifted their price objective on Seagate Technology from $430.00 to $530.00 and gave the stock an “outperform” rating in a report on Wednesday, February 4th. Finally, Bank of America upped their price objective on Seagate Technology from $320.00 to $400.00 and gave the company a “buy” rating in a research report on Tuesday, January 20th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $447.35.

Seagate Technology News Summary

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

• Positive Sentiment: Analyst upgrades and higher price targets. Multiple firms have raised targets and ratings this quarter, and MarketBeat notes Seagate among the most-upgraded names — supporting longer-term bullish sentiment and providing upside thesis for investors. Read More.
• Positive Sentiment: Memory/storage demand from AI/data centers remains a tailwind. Bloomberg coverage highlighted memory and storage names (including Seagate) as Wall Street favorites as AI spending drives outsized demand for data-center storage — a key fundamental driver for revenue and margins. Read More.
• Positive Sentiment: Dividend declaration/ex‑dividend date: Seagate recently declared a quarterly dividend (record/ex-dividend timing noted in filings), which supports income-focused buyers and can stabilize demand at current price levels. (See company filings summarized in recent coverage.)
• Neutral Sentiment: Very high implied volatility (IV Rank ~80%) — creates trading opportunities but also larger short-term price swings; options strategies like iron condors are being highlighted as possible ways to generate returns if volatility calms. Read More.
• Neutral Sentiment: Valuation/momentum checks: recent strong multi-month returns have prompted fresh valuation analysis — some see continued upside, others warn of re‑rating risk if growth expectations slip. Useful context for investors weighing longer-term buys vs. near-term profit-taking. Read More.
• Neutral Sentiment: Ideas about intrinsic value: broader market write-ups have included Seagate as a candidate for potential undervaluation in a pullback — relevant for value-minded investors doing discounted cash‑flow or relative valuation work. Read More.
• Neutral Sentiment: Short-interest reports are inconsistent/appear to show zero in recent feeds — the data looks unreliable across sources, so don’t rely on those prints until confirmed by the exchange’s official release.
• Negative Sentiment: Insider selling: CEO William Mosley sold ~24,584 shares (~$10M) in mid‑March. Insider sales can trigger short-term selling pressure and are being cited by traders as a reason for pullback. Read More.

Hedge Funds Weigh In On Seagate Technology

Large investors have recently added to or reduced their stakes in the company. Integrated Wealth Concepts LLC boosted its position in shares of Seagate Technology by 168.0% in the first quarter. Integrated Wealth Concepts LLC now owns 7,177 shares of the data storage provider’s stock worth $610,000 after purchasing an additional 4,499 shares during the period. Sivia Capital Partners LLC bought a new stake in shares of Seagate Technology during the 2nd quarter valued at $262,000. Kingsview Wealth Management LLC bought a new stake in shares of Seagate Technology during the 2nd quarter valued at $278,000. Rockefeller Capital Management L.P. lifted its stake in shares of Seagate Technology by 8.8% during the 2nd quarter. Rockefeller Capital Management L.P. now owns 21,254 shares of the data storage provider’s stock valued at $3,068,000 after buying an additional 1,714 shares in the last quarter. Finally, Prudential PLC bought a new position in Seagate Technology in the 2nd quarter worth $755,000. Hedge funds and other institutional investors own 92.87% of the company’s stock.

About Seagate Technology

Seagate Technology (NASDAQ: STX) is a global data storage company that designs, manufactures and sells a broad range of storage products and systems. The firm’s product portfolio includes traditional hard disk drives (HDDs), solid-state drives (SSDs), hybrid storage devices and integrated storage systems aimed at enterprise, cloud, OEM and consumer markets. Seagate also provides services that support its hardware offerings, including data recovery and storage management solutions.

Seagate’s products are used in a wide array of applications, from large-scale data centers and cloud infrastructure to desktop and portable consumer devices.