Insider Selling: Seagate Technology (NASDAQ:STX) EVP Sells $137,383.68 in Stock

Seagate Technology Holdings PLC (NASDAQ:STX) EVP John Christopher Morris sold 168 shares of the company’s stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $817.76, for a total transaction of $137,383.68. Following the sale, the executive vice president owned 11,920 shares of the company’s stock, valued at $9,747,699.20. This represents a 1.39% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

John Christopher Morris also recently made the following trade(s):

• On Friday, June 12th, John Christopher Morris sold 1,364 shares of Seagate Technology stock. The stock was sold at an average price of $880.19, for a total transaction of $1,200,579.16.
• On Wednesday, June 10th, John Christopher Morris sold 574 shares of Seagate Technology stock. The shares were sold at an average price of $821.66, for a total transaction of $471,632.84.

Seagate Technology Stock Performance

Seagate Technology stock opened at $852.95 on Friday. 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 has a market cap of $193.32 billion, a P/E ratio of 61.45 and a beta of 2.06. Seagate Technology Holdings PLC has a 1-year low of $144.75 and a 1-year high of $1,145.00. The firm has a 50-day moving average of $896.05 and a 200-day moving average of $644.70.

Seagate Technology (NASDAQ:STX) last released its quarterly earnings results on Tuesday, July 28th. The data storage provider reported $5.71 EPS for the quarter, beating analysts’ consensus estimates 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. During the same quarter in the prior year, the company posted $2.59 EPS. Seagate Technology’s quarterly revenue was up 48.5% compared to the same quarter last year. 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 33.08 EPS for the current year.

Seagate Technology Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 7th. Investors of record on Thursday, September 24th will be issued a dividend of $0.74 per share. This represents a $2.96 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date is Thursday, September 24th. Seagate Technology’s dividend payout ratio is currently 21.33%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Integrated Wealth Concepts LLC boosted its stake in Seagate Technology by 168.0% in the 1st 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 in the last quarter. Sivia Capital Partners LLC bought a new stake in Seagate Technology during the 2nd quarter valued at about $262,000. Cerity Partners LLC raised its holdings in Seagate Technology by 25.8% in the second quarter. Cerity Partners LLC now owns 36,682 shares of the data storage provider’s stock worth $5,294,000 after buying an additional 7,517 shares during the last quarter. Sei Investments Co. raised its holdings in Seagate Technology by 64.8% in the second quarter. Sei Investments Co. now owns 8,543 shares of the data storage provider’s stock worth $1,233,000 after buying an additional 3,358 shares during the last quarter. Finally, The Manufacturers Life Insurance Company lifted its stake in shares of Seagate Technology by 0.4% in the second quarter. The Manufacturers Life Insurance Company now owns 127,887 shares of the data storage provider’s stock worth $18,458,000 after buying an additional 462 shares in the last quarter. 92.87% of the stock is owned by hedge funds and other institutional investors.

Key Seagate Technology News

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

• Positive Sentiment: Analysts raised Seagate’s fair-value estimate. New assumptions around hard-disk-drive pricing power, AI-driven storage demand, margins and cash generation lifted a reported fair-value estimate from $959.48 to $1,115.87, reinforcing the long-term bullish case for STX. Seagate Stock Fair Value Rises
• Positive Sentiment: STX remains a favored AI-growth stock. Seagate was included among highly ranked August growth ideas, with analysts citing continued AI infrastructure spending and demand for data-center storage. The company also recently exceeded quarterly EPS and revenue expectations and issued strong forward EPS guidance. Top-Ranked Growth Stocks for August
• Neutral Sentiment: An executive sale was disclosed. EVP John Christopher Morris sold 168 shares for about $137,000 under a pre-arranged Rule 10b5-1 trading plan. Because the transaction was scheduled in advance and represented only a 1.39% reduction in his holdings, it is a limited signal of management sentiment. Seagate Insider Sale
• Negative Sentiment: Sector guidance failed to meet elevated expectations. Western Digital beat quarterly estimates but its outlook disappointed investors, while Sandisk similarly failed to provide the “knockout” guidance the AI-memory trade has come to expect. Seagate, Micron, SK Hynix and Samsung consequently moved lower in sympathy. Why Western Digital Stock Is Sinking
• Negative Sentiment: High valuation increases sensitivity to sentiment. With STX trading at an elevated earnings multiple and carrying a beta of 2.06, investors may be particularly quick to lock in gains when peer guidance raises concerns about the pace or durability of AI-related storage demand.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. JPMorgan Chase & Co. boosted their price objective on shares of Seagate Technology from $1,095.00 to $1,240.00 and gave the company an “overweight” rating in a research report on Wednesday, July 29th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $1,300.00 target price on shares of Seagate Technology in a research report on Wednesday, July 29th. Argus lifted their target price on shares of Seagate Technology from $750.00 to $900.00 and gave the company a “buy” rating in a research note on Thursday, July 30th. Rosenblatt Securities boosted their price target on shares of Seagate Technology from $1,300.00 to $1,400.00 and gave the company a “buy” rating in a research report on Wednesday, July 29th. Finally, Wells Fargo & Company increased their price target on shares of Seagate Technology from $1,100.00 to $1,180.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 29th. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $986.00.

Seagate Technology Company Profile

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.