John Christopher Morris Sells 3,516 Shares of Seagate Technology (NASDAQ:STX) Stock

Seagate Technology Holdings PLC (NASDAQ:STX) EVP John Christopher Morris sold 3,516 shares of the business’s stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $849.35, for a total value of $2,986,314.60. Following the transaction, the executive vice president directly owned 12,805 shares in the company, valued at $10,875,926.75. This trade represents a 21.54% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Thursday, August 20th, John Christopher Morris sold 523 shares of Seagate Technology stock. The shares were sold at an average price of $835.54, for a total transaction of $436,987.42.
• On Monday, August 3rd, John Christopher Morris sold 168 shares of Seagate Technology stock. The shares were sold at an average price of $817.76, for a total transaction of $137,383.68.
• 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 Price Performance

STX opened at $821.67 on Wednesday. The company has a fifty day simple moving average of $884.55 and a 200 day simple moving average of $688.66. The firm has a market cap of $186.23 billion, a price-to-earnings ratio of 59.20 and a beta of 2.06. Seagate Technology Holdings PLC has a twelve month low of $163.72 and a twelve 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.

Seagate Technology (NASDAQ:STX) last issued its quarterly earnings data on Tuesday, July 28th. The data storage provider reported $5.71 EPS for the quarter, topping analysts’ consensus estimates of $5.10 by $0.61. The firm had revenue of $3.63 billion for the quarter, compared to analyst estimates of $3.50 billion. Seagate Technology had a net margin of 26.11% and a return on equity of 369.98%. The firm’s revenue was up 48.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.59 EPS. Seagate Technology has set its Q1 2027 guidance at 7.100-7.500 EPS. Equities research analysts expect that Seagate Technology Holdings PLC will post 34.42 EPS for the current fiscal year.

Seagate Technology Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 7th. Stockholders of record on Thursday, September 24th will be given a dividend of $0.74 per share. 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 Thursday, September 24th. Seagate Technology’s payout ratio is presently 21.33%.

Trending Headlines about Seagate Technology

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

• Positive Sentiment: Seagate was highlighted as a momentum stock to buy alongside Western Digital and Dell. The Driehaus strategy cited strong earnings performance and favorable price trends, reinforcing the bullish artificial-intelligence and data-storage investment case. Seagate and momentum stocks article
• Positive Sentiment: Wall Street maintains a favorable view, with Seagate carrying a consensus “Moderate Buy” rating and an average price target of approximately $986. Recent target increases from Barclays, Wells Fargo, Bank of America and Cantor Fitzgerald point to continued optimism about storage demand and earnings growth. Seagate analyst recommendation article
• Positive Sentiment: The company’s latest quarterly results exceeded expectations, with earnings per share of $5.71 versus a $5.10 consensus estimate and revenue of $3.63 billion versus $3.50 billion. Revenue increased 48.5% year over year, and fiscal first-quarter 2027 guidance calls for EPS of $7.10 to $7.50.
• Neutral Sentiment: Reported short interest was listed as zero shares with a zero-day days-to-cover ratio. Because the figures include an implausible “NaN” change, the data may reflect a reporting issue rather than a meaningful shift in bearish positioning.
• Neutral Sentiment: Seagate declared a quarterly dividend of $0.74 per share, or $2.96 annualized, representing a yield of about 0.4%. The payout provides modest shareholder income but is unlikely to be a major near-term catalyst.
• Negative Sentiment: Several executives sold shares, including the CEO, CFO and multiple executive vice presidents. The transactions totaled roughly $38 million and reduced some individual holdings significantly. Several sales were made under Rule 10b5-1 plans, which lessens their value as discretionary bearish signals but may still weigh on investor sentiment.
• Negative Sentiment: STX was pressured by a wider technology-sector selloff. Its high beta of 2.06 and elevated valuation make the shares particularly sensitive to risk reduction, profit-taking and concerns about an AI-related hardware reset. Seagate sector weakness article

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on STX shares. Susquehanna increased their price target on Seagate Technology from $775.00 to $875.00 and gave the company a “neutral” rating in a report on Wednesday, July 29th. Evercore lifted their price objective on Seagate Technology from $750.00 to $1,000.00 and gave the stock an “outperform” rating in a report on Tuesday, May 12th. The Goldman Sachs Group upped their target price on Seagate Technology from $385.00 to $700.00 and gave the company a “buy” rating in a research report on Wednesday, April 29th. Cantor Fitzgerald reiterated an “overweight” rating and set a $1,300.00 target price on shares of Seagate Technology in a research note on Wednesday, July 29th. Finally, Zacks Research raised shares of Seagate Technology from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 28th. One 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 company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $986.00.

Hedge Funds Weigh In On Seagate Technology

A number of hedge funds have recently bought and sold shares of STX. Rakuten Securities Inc. increased its holdings 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 buying an additional 168 shares during the last quarter. Concord Wealth Partners bought a new position in Seagate Technology during the 4th quarter worth approximately $28,000. Retirement Wealth Solutions LLC grew its position in shares of Seagate Technology by 70.6% in the 2nd quarter. Retirement Wealth Solutions LLC now owns 29 shares of the data storage provider’s stock worth $28,000 after acquiring an additional 12 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC grew its position in shares of Seagate Technology by 23.1% in the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 80 shares of the data storage provider’s stock worth $31,000 after acquiring an additional 15 shares in the last quarter. Finally, Quarry LP bought a new stake in shares of Seagate Technology in the 4th quarter valued at approximately $31,000. 92.87% of the stock is currently owned by institutional investors and hedge funds.

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.