Seagate Technology (NASDAQ:STX) Trading Down 3% Following Insider Selling

Seagate Technology Holdings PLC (NASDAQ:STX) dropped 3% on Monday following insider selling activity. The stock traded as low as $769.00 and last traded at $805.55. 4,115,708 shares changed hands during mid-day trading, a decline of 5% from the average session volume of 4,338,342 shares. The stock had previously closed at $830.17.

Specifically, CEO William D. Mosley sold 2,849 shares of the stock in a transaction on Thursday, September 10th. The stock was sold at an average price of $862.13, for a total value of $2,456,208.37. Following the completion of the transaction, the chief executive officer owned 296,449 shares in the company, valued at $255,577,576.37. This trade represents a 0.95% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Gianluca Romano sold 1,348 shares of the business’s stock in a transaction dated Thursday, September 10th. The stock was sold at an average price of $862.13, for a total value of $1,162,151.24. Following the sale, the chief financial officer owned 28,930 shares in the company, valued at approximately $24,941,420.90. The trade was a 4.45% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In other Seagate Technology news, EVP John Morris sold 572 shares of the company’s stock in a transaction dated Thursday, September 10th. The shares were sold at an average price of $862.13, for a total transaction of $493,138.36. Following the completion of the sale, the executive vice president directly owned 15,707 shares of the company’s stock, valued at approximately $13,541,475.91. This represents a 3.51% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on STX shares. Citigroup lifted their target price on shares of Seagate Technology from $1,240.00 to $1,300.00 and gave the stock a “buy” rating in a research report on Wednesday, July 29th. Susquehanna raised their price objective on shares of Seagate Technology from $775.00 to $875.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 29th. Melius Research started coverage on shares of Seagate Technology in a research report on Monday, June 29th. They set a “buy” rating and a $1,600.00 price objective on the stock. Rosenblatt Securities boosted their target price on shares of Seagate Technology from $1,300.00 to $1,400.00 and gave the company a “buy” rating in a research note on Wednesday, July 29th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Seagate Technology in a research note on Wednesday, June 24th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $986.00.

Seagate Technology News Roundup

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

• Positive Sentiment: Seagate’s AI-storage opportunity remains a key bullish catalyst. Company research found that 99% of organizations expect artificial intelligence to increase their storage requirements, while only 38% believe they are fully prepared for future data demands—suggesting significant potential demand for Seagate’s products. Global Seagate Research Finds Nearly All Organizations Expect AI to Increase Storage Requirements
• Positive Sentiment: Seagate is reportedly shipping next-generation HAMR hard drives into hyperscale customer contracts, positioning it favorably to capture AI-driven capacity demand. Its nearline capacity is described as committed through 2027, and analysts continue to raise price targets. Seagate Vs. Western Digital: One Moved First on AI Storage Demand
• Positive Sentiment: Edge IoT revenue increased 20% year over year in fiscal fourth quarter, adding another growth avenue beyond Seagate’s core storage business. Can Seagate Extend the Growth Momentum in Its Edge IoT Business?
• Negative Sentiment: Investors are questioning whether Seagate’s elevated valuation already reflects much of its AI upside. Reports say the CEO, CFO and CTO have been selling shares, while an executive separately sold approximately $493,000 of stock. Such transactions can raise concerns about insider confidence, even when they may be routine. Seagate Has Real Upside Left
• Negative Sentiment: Edge IoT growth could face seasonal demand, competition and potential displacement by solid-state drives, creating uncertainty about how long the recent momentum can continue. Can Seagate Extend the Growth Momentum in Its Edge IoT Business?

Seagate Technology Stock Down 3.0%

The company has a quick ratio of 1.17, a current ratio of 1.67 and a debt-to-equity ratio of 1.56. The firm has a market capitalization of $183.18 billion, a PE ratio of 58.04 and a beta of 2.06. The business’s 50-day moving average price is $848.79 and its 200-day moving average price is $727.69.

Seagate Technology (NASDAQ:STX) last announced its quarterly earnings data 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. The firm had revenue of $3.63 billion for the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period in the previous year, the firm posted $2.59 earnings per share. Seagate Technology has set its Q1 2027 guidance at 7.100-7.500 EPS. As a group, equities research analysts predict that Seagate Technology Holdings PLC will post 35.7 EPS for the current fiscal year.

Seagate Technology Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 7th. Stockholders of record on Thursday, September 24th will be issued a dividend of $0.74 per share. This represents a $2.96 annualized dividend and a dividend yield of 0.4%. The ex-dividend date is Thursday, September 24th. Seagate Technology’s payout ratio is currently 21.33%.

Hedge Funds Weigh In On Seagate Technology

Hedge funds have recently modified their holdings of the stock. Retirement Wealth Solutions LLC raised its holdings in shares of Seagate Technology by 70.6% during the second 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. Jones Financial Companies Lllp purchased a new position in Seagate Technology in the second quarter valued at about $39,000. Trust Co. of Vermont purchased a new position in Seagate Technology in the second quarter valued at about $54,000. Triumph Capital Management increased its position in Seagate Technology by 93.5% in the 2nd quarter. Triumph Capital Management now owns 60 shares of the data storage provider’s stock worth $58,000 after purchasing an additional 29 shares during the last quarter. Finally, Cornerstone Financial Management LLC increased its position in Seagate Technology by 109.7% in the 2nd quarter. Cornerstone Financial Management LLC now owns 65 shares of the data storage provider’s stock worth $63,000 after purchasing an additional 34 shares during the last quarter. 92.87% of the stock is owned by institutional investors and hedge funds.

Seagate Technology Company Profile

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.