Seagate Technology (NASDAQ:STX) CEO William Mosley Sells 2,855 Shares of Stock

Seagate Technology Holdings PLC (NASDAQ:STX) CEO William Mosley sold 2,855 shares of the stock in a transaction that occurred on Wednesday, June 10th. The stock was sold at an average price of $821.74, for a total value of $2,346,067.70. Following the sale, the chief executive officer directly owned 324,870 shares in the company, valued at $266,958,673.80. This represents a 0.87% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Seagate Technology Stock Performance

NASDAQ:STX opened at $868.09 on Friday. The stock has a fifty day moving average price of $699.38 and a 200-day moving average price of $472.60. The company has a market cap of $194.65 billion, a price-to-earnings ratio of 82.36 and a beta of 2.04. 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 Holdings PLC has a fifty-two week low of $124.63 and a fifty-two week high of $966.80.

Seagate Technology (NASDAQ:STX) last announced its quarterly earnings data 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 analysts’ expectations of $2.96 billion. Seagate Technology had a net margin of 21.60% and a return on equity of 1,005.65%. The firm’s quarterly revenue was up 44.1% compared to the same quarter last year. During the same period last year, the firm posted $1.90 earnings per share. Seagate Technology has set its Q4 2026 guidance at 4.800-5.200 EPS. As a group, equities analysts anticipate that Seagate Technology Holdings PLC will post 14.1 EPS for the current fiscal year.

Seagate Technology Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 7th. Stockholders of record on Wednesday, June 24th will be given a $0.74 dividend. The ex-dividend date of this dividend is Wednesday, June 24th. This represents a $2.96 annualized dividend and a dividend yield of 0.3%. Seagate Technology’s dividend payout ratio (DPR) is 28.08%.

More Seagate Technology News

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

• Positive Sentiment: JPMorgan raised its price target on Seagate and kept an Overweight rating, reinforcing bullish sentiment around the company’s AI-driven storage demand. JPMorgan raises price target on Seagate Technology to 920 from 775, maintains overweight rating
• Positive Sentiment: Additional bullish coverage emphasized Seagate as a key beneficiary of AI infrastructure spending, helping support the stock’s recent strength. Seagate Technology (STX) Gaining on Unprecedented AI-Driven Demand
• Positive Sentiment: Analysts and market commentary continue to point to strong storage demand, improved margins, and earnings momentum as reasons investors are re-rating the stock higher. STX Stock Tops Industry Returns in 3 Months: A Smart Investment Now?

Institutional Investors Weigh In On Seagate Technology

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Salomon & Ludwin LLC boosted its stake in Seagate Technology by 124.4% in the 4th quarter. Salomon & Ludwin LLC now owns 92 shares of the data storage provider’s stock worth $27,000 after purchasing an additional 51 shares during the period. Rakuten Securities Inc. increased its stake in Seagate Technology by 884.2% in the second quarter. Rakuten Securities Inc. now owns 187 shares of the data storage provider’s stock valued at $27,000 after acquiring an additional 168 shares during the last quarter. Armstrong Advisory Group Inc. bought a new position in Seagate Technology in the fourth quarter valued at $28,000. Avion Wealth increased its holdings in shares of Seagate Technology by 343.5% in the fourth quarter. Avion Wealth now owns 102 shares of the data storage provider’s stock worth $28,000 after buying an additional 79 shares during the period. Finally, Concord Wealth Partners bought a new position in Seagate Technology during the 4th quarter worth approximately $28,000. 92.87% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages recently issued reports on STX. Susquehanna increased their target price on shares of Seagate Technology from $485.00 to $615.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 29th. Sanford C. Bernstein increased their target price on shares of Seagate Technology from $620.00 to $1,000.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 29th. Weiss Ratings reissued a “buy (b)” rating on shares of Seagate Technology in a research note on Friday, March 27th. Wells Fargo & Company upped their price target on Seagate Technology from $700.00 to $900.00 and gave the stock an “equal weight” rating in a research note on Monday, June 1st. Finally, Argus upped their price target on Seagate Technology from $450.00 to $750.00 and gave the stock a “buy” rating in a research note on Thursday, April 30th. One research 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 stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $798.50.

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.