Seagate Technology (NASDAQ:STX) CEO William Mosley Sells 20,000 Shares

Seagate Technology Holdings PLC (NASDAQ:STX) CEO William Mosley sold 20,000 shares of the firm’s stock in a transaction on Wednesday, April 1st. The shares were sold at an average price of $420.73, for a total transaction of $8,414,600.00. Following the completion of the transaction, the chief executive officer directly owned 355,591 shares of the company’s stock, valued at approximately $149,607,801.43. The trade was a 5.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Seagate Technology Price Performance

Shares of Seagate Technology stock traded up $6.24 during trading on Thursday, hitting $429.36. The stock had a trading volume of 2,362,797 shares, compared to its average volume of 4,154,778. The company has a current ratio of 1.12, a quick ratio of 0.72 and a debt-to-equity ratio of 7.63. Seagate Technology Holdings PLC has a 12 month low of $63.19 and a 12 month high of $459.84. The firm has a market cap of $93.63 billion, a price-to-earnings ratio of 48.57, a P/E/G ratio of 0.87 and a beta of 1.61. The business’s 50-day moving average is $401.01 and its 200 day moving average is $311.55.

Seagate Technology (NASDAQ:STX) last posted its quarterly earnings data on Tuesday, January 27th. The data storage provider reported $3.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.77 by $0.34. The company had revenue of $2.83 billion during the quarter, compared to analyst estimates of $2.73 billion. Seagate Technology had a negative return on equity of 936.38% and a net margin of 19.59%.The firm’s quarterly revenue was up 21.5% on a year-over-year basis. During the same quarter last year, the company earned $2.03 earnings per share. Seagate Technology has set its Q3 2026 guidance at 3.200-3.600 EPS. As a group, sell-side analysts anticipate 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. Investors of record on Wednesday, March 25th will be given a $0.74 dividend. This represents a $2.96 annualized dividend and a dividend yield of 0.7%. The ex-dividend date is Wednesday, March 25th. Seagate Technology’s dividend payout ratio is 33.48%.

Key Headlines Impacting Seagate Technology

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

• Positive Sentiment: HAMR production and supply positioning: Research notes argue Seagate’s HAMR drives have moved from roadmap to production, with Mozaic 4+ qualified for hyperscalers and nearline capacity largely allocated through 2026 — supporting margin expansion and revenue visibility. Seagate: HAMR Has Matured Into A Supply Story
• Positive Sentiment: Analyst bullishness: A Sanford C. Bernstein analyst publicly expects STX to rise, adding buy-side credibility that can drive demand and momentum. Seagate Technology (NASDAQ:STX) Stock Price Expected to Rise, Sanford C. Bernstein Analyst Says
• Positive Sentiment: Outperformance and momentum: Market commentary highlights recent outperformance and strong trading days, reinforcing momentum-driven flows into STX. Seagate Technology Holdings PLC stock outperforms competitors on strong trading day
• Neutral Sentiment: Industry AI storage tailwinds: Broader coverage on AI-driven SSD/NAND demand (Micron focus) signals strong data-center storage demand that benefits disk and SSD suppliers, indirectly supportive for Seagate’s TAM. Will Rising AI Storage Needs Fuel Micron’s NAND Growth Through FY27?
• Neutral Sentiment: New coverage: JPMorgan initiated coverage (details in the link), which can increase visibility and trading volume but the impact depends on the assigned rating and price target. JPMorgan Chase & Co. Initiates Coverage on Seagate Technology (NASDAQ:STX)
• Negative Sentiment: Insider sale: CEO William Mosley sold 20,000 shares under a pre-arranged Rule 10b5-1 plan (~$420.73 avg.), trimming his stake ~5.3%. While the plan reduces red-flag risk, large insider sales can pressure sentiment. SEC Form 4 — CEO Sale
• Negative Sentiment: Analyst downgrade: Zacks cut Seagate from “strong-buy” to “hold,” which could weigh on momentum and institutional demand. Zacks.com downgrade Tickerreport coverage
• Negative Sentiment: Valuation concerns: Some commentary questions whether current prices fully reflect risks and the story at this valuation, which could limit upside for value-focused investors. Seagate: Good Company, But I Don’t Trust The Story At This Price

Wall Street Analyst Weigh In

A number of equities analysts have commented on STX shares. UBS Group boosted their price target on shares of Seagate Technology from $385.00 to $440.00 and gave the stock a “neutral” rating in a research note on Monday, February 9th. JPMorgan Chase & Co. started coverage on shares of Seagate Technology in a research report on Monday. They set an “overweight” rating and a $525.00 price objective on the stock. Loop Capital upped their target price on shares of Seagate Technology from $465.00 to $700.00 and gave the stock a “buy” rating in a research report on Monday, February 9th. Zacks Research cut Seagate Technology from a “strong-buy” rating to a “hold” rating in a research note on Monday. Finally, TD Cowen raised their price target on Seagate Technology from $340.00 to $500.00 and gave the company a “buy” rating in a research report on Wednesday, January 28th. Nineteen research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, Seagate Technology currently has an average rating of “Moderate Buy” and a consensus target price of $461.00.

Institutional Investors Weigh In On Seagate Technology

Large investors have recently added to or reduced their stakes in the company. Gateway Investment Advisers LLC grew its holdings in shares of Seagate Technology by 1.8% during the 4th quarter. Gateway Investment Advisers LLC now owns 1,399 shares of the data storage provider’s stock worth $385,000 after acquiring an additional 25 shares during the period. Trajan Wealth LLC lifted its stake in shares of Seagate Technology by 1.9% in the 4th quarter. Trajan Wealth LLC now owns 1,325 shares of the data storage provider’s stock valued at $365,000 after purchasing an additional 25 shares during the period. Fortis Capital Management LLC boosted its position in shares of Seagate Technology by 1.1% during the fourth quarter. Fortis Capital Management LLC now owns 2,557 shares of the data storage provider’s stock valued at $704,000 after purchasing an additional 27 shares in the last quarter. EWA LLC boosted its position in shares of Seagate Technology by 2.1% during the fourth quarter. EWA LLC now owns 1,370 shares of the data storage provider’s stock valued at $377,000 after purchasing an additional 28 shares in the last quarter. Finally, Icon Wealth Advisors LLC grew its stake in Seagate Technology by 2.7% in the fourth quarter. Icon Wealth Advisors LLC now owns 1,060 shares of the data storage provider’s stock worth $292,000 after purchasing an additional 28 shares during the period. 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.