Seagate Technology (NASDAQ:STX) CEO Sells $1,460,900.10 in Stock

Seagate Technology Holdings PLC (NASDAQ:STX) CEO William Mosley sold 1,870 shares of the firm’s stock in a transaction that occurred on Monday, September 14th. The stock was sold at an average price of $781.23, for a total transaction of $1,460,900.10. Following the sale, the chief executive officer owned 298,998 shares of the company’s stock, valued at approximately $233,586,207.54. The trade was a 0.62% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Seagate Technology Trading Up 2.5%

NASDAQ:STX opened at $803.13 on Friday. Seagate Technology Holdings PLC has a 12 month low of $209.00 and a 12 month high of $1,145.00. The company has a current ratio of 1.67, a quick ratio of 1.17 and a debt-to-equity ratio of 1.56. The firm’s 50 day moving average is $843.14 and its 200 day moving average is $738.45. The stock has a market capitalization of $182.62 billion, a PE ratio of 57.86 and a beta of 2.06.

Seagate Technology (NASDAQ:STX) last announced its quarterly earnings data 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 business had revenue of $3.63 billion during the quarter, compared to analyst estimates of $3.50 billion. Seagate Technology’s revenue was up 48.5% compared to the same quarter last year. During the same period in the prior year, the company earned $2.59 earnings per share. Seagate Technology has set its Q1 2027 guidance at 7.100-7.500 EPS. Sell-side analysts expect that Seagate Technology Holdings PLC will post 35.7 earnings per share for the current year.

Seagate Technology Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 7th. Investors of record on Thursday, September 24th will be issued a $0.74 dividend. The ex-dividend date of this dividend is Thursday, September 24th. This represents a $2.96 annualized dividend and a yield of 0.4%. Seagate Technology’s dividend payout ratio (DPR) is 21.33%.

Institutional Investors Weigh In On Seagate Technology

Several hedge funds have recently bought and sold shares of STX. Wellington Altus USA Inc. increased its holdings in shares of Seagate Technology by 137.3% in the 2nd quarter. Wellington Altus USA Inc. now owns 140 shares of the data storage provider’s stock worth $135,000 after buying an additional 81 shares during the last quarter. Bouchey Financial Group Ltd. bought a new stake in shares of Seagate Technology during the 2nd quarter worth $377,000. Miramontes Capital LLC purchased a new position in Seagate Technology in the second quarter worth $335,000. IPG Investment Advisors LLC grew its position in Seagate Technology by 16.0% in the second quarter. IPG Investment Advisors LLC now owns 1,032 shares of the data storage provider’s stock worth $997,000 after acquiring an additional 142 shares in the last quarter. Finally, MCF Advisors LLC increased its stake in Seagate Technology by 97.1% in the second quarter. MCF Advisors LLC now owns 203 shares of the data storage provider’s stock valued at $196,000 after acquiring an additional 100 shares during the last quarter. 92.87% of the stock is currently owned by institutional investors.

Seagate Technology News Summary

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

• Positive Sentiment: Seagate’s gross margin reached 52.7% in the latest quarter, supported by repeated pricing increases that management believes can be sustained. Durable pricing power could support earnings and cash flow as demand for mass-capacity storage expands. Seagate gross margin article
• Positive Sentiment: STX has substantially outperformed other AI-infrastructure stocks over the past year. Analysts remain optimistic, reflecting expectations for continued data-center demand, hyperscale customers and AI-driven HDD requirements. Seagate performance versus AI infrastructure stocks
• Positive Sentiment: The company’s latest quarterly results showed revenue growth of 48.5% year over year, adjusted earnings above consensus and fiscal first-quarter 2027 EPS guidance of $7.10 to $7.50. Those results reinforce the bullish earnings narrative behind the stock.
• Neutral Sentiment: Seagate completed the retirement and exchange of approximately $150.7 million of 2028 exchangeable notes using about $151.0 million in cash and 1.65 million shares. The transaction reduces upcoming debt but creates some share dilution. Seagate 2028 notes retirement article
• Negative Sentiment: CEO William Mosley, CFO Gianluca Romano and EVPs John Morris and Ban Teh reported sizable stock sales totaling roughly $168 million. The filings cite tax withholding or pre-arranged Rule 10b5-1 plans, which reduces the bearish signal, but the concentrated selling has nevertheless increased short-term investor caution. Seagate insider selling report
• Negative Sentiment: After its sharp rally, STX trades at a high earnings multiple and below its 50-day moving average, leaving the stock vulnerable to profit-taking if AI-storage growth or pricing momentum slows. Its high beta also amplifies broader technology-sector volatility.

Analyst Upgrades and Downgrades

STX has been the topic of several recent research reports. Fox Advisors downgraded shares of Seagate Technology from an “overweight” rating to an “equal weight” rating in a report on Monday, June 22nd. China Renaissance lifted their target price on shares of Seagate Technology from $802.00 to $983.00 in a research note on Friday, June 12th. Sanford C. Bernstein reissued an “outperform” rating and issued a $1,350.00 price target on shares of Seagate Technology in a research report on Wednesday, July 29th. TD Cowen upped their price target on shares of Seagate Technology from $850.00 to $1,000.00 and gave the company a “buy” rating in a research note on Wednesday, July 29th. Finally, Morgan Stanley raised their price objective on shares of Seagate Technology from $1,035.00 to $1,187.00 and gave the stock an “overweight” rating in a report on Wednesday, July 29th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Seagate Technology has an average rating of “Moderate Buy” and an average price target of $986.00.

About Seagate Technology

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.