Insider Selling: Seagate Technology (NASDAQ:STX) EVP Sells $4,154,069.62 in Stock

Seagate Technology Holdings PLC (NASDAQ:STX) EVP John Christopher Morris sold 5,626 shares of the business’s stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $738.37, for a total transaction of $4,154,069.62. Following the completion of the sale, the executive vice president directly owned 11,954 shares in the company, valued at $8,826,474.98. This trade represents a 32.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Seagate Technology Price Performance

Seagate Technology stock opened at $782.64 on Friday. The company’s 50 day simple moving average is $476.41 and its 200-day simple moving average is $369.68. The company has a market capitalization of $175.49 billion, a price-to-earnings ratio of 74.25 and a beta of 1.98. Seagate Technology Holdings PLC has a 1 year low of $95.63 and a 1 year high of $802.13. The company has a debt-to-equity ratio of 3.16, a quick ratio of 0.85 and a current ratio of 1.33.

Seagate Technology (NASDAQ:STX) last released its quarterly earnings results on Tuesday, April 28th. The data storage provider reported $4.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.51 by $0.59. The business had revenue of $3.11 billion for the quarter, compared to the consensus estimate of $2.96 billion. Seagate Technology had a net margin of 21.60% and a return on equity of 1,005.65%. The business’s revenue was up 44.1% on a year-over-year basis. During the same period in the previous year, the firm earned $1.90 EPS. Seagate Technology has set its Q4 2026 guidance at 4.800-5.200 EPS. As a group, equities research analysts expect that Seagate Technology Holdings PLC will post 14.1 earnings per share for the current year.

Seagate Technology Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 7th. Stockholders of record on Wednesday, June 24th will be paid a $0.74 dividend. This represents a $2.96 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend is Wednesday, June 24th. Seagate Technology’s payout ratio is 28.08%.

Key Seagate Technology News

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

• Positive Sentiment: Seagate is being highlighted by analysts and market commentary as a large-cap growth name benefiting from AI demand, with recent reports also pointing to strong earnings, higher price targets, and bullish calls that support the stock’s momentum. The Zacks Analyst Blog Highlights Micron Technology, Ciena, Seagate Technology, Five Below and Murphy USA
• Positive Sentiment: Seagate’s recent earnings beat and AI-focused storage push continue to underpin investor confidence, especially after management reported stronger revenue and profit and maintained shareholder returns through dividends and buybacks. Seagate (STX) Is Up 22.2% After Strong Q3 Results And AI Storage Push Has The Bull Case Changed?
• Positive Sentiment: Recent analyst upgrades and target increases from firms including Morgan Stanley and Goldman Sachs are reinforcing the view that Seagate has room for a higher valuation. Morgan Stanley Calls Seagate Technology Holdings (STX) a “Top Pick”
• Neutral Sentiment: A Finbold piece names Seagate among 2026’s best-performing S&P 500 stocks, which reflects strong relative performance but adds little new fundamental news. These are the top 3 best-performing S&P500 stock of 2026
• Neutral Sentiment: Seagate’s quarterly dividend announcement is supportive for income investors, but it is not likely to be a major near-term stock driver on its own. Seagate Technology stock and dividend details
• Negative Sentiment: Multiple insiders sold shares over the past couple of days, including a director and two executives, which can raise caution even though the trades were reportedly made under pre-arranged 10b5-1 plans. Stephanie Tilenius Sells 1,580 Shares of Seagate Technology (NASDAQ:STX) Stock
• Negative Sentiment: Additional insider selling from EVP James Ci Lee and EVP John Christopher Morris adds to the recent sell-side headline flow around the stock. James Ci Lee Sells 697 Shares of Seagate Technology (NASDAQ:STX) Stock

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in STX. Salomon & Ludwin LLC grew its holdings in Seagate Technology by 124.4% during the 4th quarter. Salomon & Ludwin LLC now owns 92 shares of the data storage provider’s stock worth $27,000 after acquiring an additional 51 shares in the last quarter. Rakuten Securities Inc. grew its holdings in Seagate Technology by 884.2% during the 2nd quarter. Rakuten Securities Inc. now owns 187 shares of the data storage provider’s stock worth $27,000 after acquiring an additional 168 shares in the last quarter. Armstrong Advisory Group Inc. acquired a new position in Seagate Technology during the 4th quarter worth approximately $28,000. Avion Wealth grew its holdings in Seagate Technology by 343.5% during the 4th quarter. Avion Wealth now owns 102 shares of the data storage provider’s stock worth $28,000 after acquiring an additional 79 shares in the last quarter. Finally, Concord Wealth Partners acquired a new position in Seagate Technology during the 4th quarter worth approximately $28,000. Institutional investors and hedge funds own 92.87% of the company’s stock.

Wall Street Analysts Forecast Growth

STX has been the subject of a number of research reports. Barclays lifted their price objective on shares of Seagate Technology from $625.00 to $750.00 and gave the company an “overweight” rating in a report on Wednesday, April 29th. Argus lifted their price objective on shares of Seagate Technology from $450.00 to $750.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Susquehanna lifted their price objective on shares of Seagate Technology from $485.00 to $615.00 and gave the company a “neutral” rating in a report on Wednesday, April 29th. BNP Paribas Exane lifted their price objective on shares of Seagate Technology from $530.00 to $860.00 and gave the company an “outperform” rating in a report on Wednesday, April 29th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Seagate Technology from $525.00 to $775.00 and gave the company an “overweight” rating in a report on Wednesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, Seagate Technology presently has an average rating of “Moderate Buy” and an average target price of $709.13.

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.