Seagate Technology (NASDAQ:STX) Stock Price Down 4.2% After Insider Selling

Seagate Technology Holdings PLC (NASDAQ:STX) shares traded down 4.2% on Tuesday after an insider sold shares in the company. The stock traded as low as $758.35 and last traded at $771.81. Approximately 4,001,124 shares traded hands during trading, a decline of 8% from the average daily volume of 4,336,620 shares. The stock had previously closed at $805.55.

Specifically, CEO William D. Mosley sold 1,870 shares of Seagate Technology stock in a transaction on Monday, September 14th. The shares were sold at an average price of $781.23, for a total transaction of $1,460,900.10. Following the transaction, the chief executive officer owned 298,998 shares in the company, valued at approximately $233,586,207.54. The trade was a 0.62% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Gianluca Romano sold 45,898 shares of the company’s stock in a transaction on Friday, September 11th. The stock was sold at an average price of $830.01, for a total transaction of $38,095,798.98. Following the completion of the transaction, the chief financial officer directly owned 34,220 shares of the company’s stock, valued at $28,402,942.20. This represents a 57.29% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In other Seagate Technology news, CFO Gianluca Romano sold 955 shares of the firm’s stock in a transaction dated Monday, September 14th. The stock was sold at an average price of $781.24, for a total transaction of $746,084.20. Following the sale, the chief financial officer directly owned 30,360 shares of the company’s stock, valued at $23,718,446.40. This trade represents a 3.05% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. Fox Advisors downgraded Seagate Technology from an “overweight” rating to an “equal weight” rating in a research report on Monday, June 22nd. Cantor Fitzgerald reissued an “overweight” rating and set a $1,300.00 target price on shares of Seagate Technology in a research note on Wednesday, July 29th. Zacks Research raised Seagate Technology from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 28th. Bank of America boosted their target price on shares of Seagate Technology from $1,000.00 to $1,150.00 and gave the stock a “buy” rating in a report on Wednesday, July 1st. Finally, Mizuho upped their target price on shares of Seagate Technology from $875.00 to $1,090.00 and gave the stock an “outperform” rating in a research report on Monday, June 8th. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $986.00.

Seagate Technology News Summary

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

• Positive Sentiment: Fidelity’s Dividend Growth Fund identified Seagate as a primary beneficiary of AI-driven hard-disk-drive demand. The investment case centers on rising data-storage requirements, strong nearline demand and Seagate’s exposure to hyperscale customers. Seagate Technology Primary Beneficiary of AI Driven HDD Demand
• Positive Sentiment: Seagate’s research found that 99% of organizations expect AI to increase storage needs, while only 38% say they are fully prepared. The findings support a long-term growth narrative for hard drives and enterprise storage infrastructure. Global Seagate Research Finds AI Will Increase Storage Requirements
• Positive Sentiment: Recent coverage says Seagate is shipping next-generation HAMR drives into hyperscale contracts, while nearline capacity is reportedly committed through 2027. That execution could strengthen its position versus Western Digital in AI-related storage. Seagate Versus Western Digital on AI Storage Demand
• Neutral Sentiment: Seagate’s Edge IoT revenue rose 20% year over year in fiscal fourth quarter, but analysts warn that seasonality, SSD displacement and competition could limit the business’s growth momentum. Seagate Edge IoT Business Growth
• Negative Sentiment: Investors are questioning whether STX can sustain its rapid gains at a high valuation, particularly after reports that its CEO, CFO and CTO have sold shares. An executive sale totaling about $493,000 adds to governance and sentiment concerns. Seagate Insider Selling
• Negative Sentiment: A broader decline in AI-linked stocks followed calls from major AI executives for a more deliberate pace of frontier-model development, raising concerns about the timing of AI infrastructure spending. Seagate was pressured alongside Western Digital and other technology names. AI-Linked Stocks Fall

Seagate Technology Trading Down 4.2%

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 stock has a 50-day simple moving average of $847.53 and a two-hundred day simple moving average of $730.58. The firm has a market capitalization of $175.50 billion, a P/E ratio of 55.61 and a beta of 2.06.

Seagate Technology (NASDAQ:STX) last posted its earnings results on Tuesday, July 28th. The data storage provider reported $5.71 earnings per share for the quarter, topping analysts’ consensus estimates of $5.10 by $0.61. The company had revenue of $3.63 billion during the quarter, compared to analyst estimates of $3.50 billion. Seagate Technology had a return on equity of 369.98% and a net margin of 26.11%.Seagate Technology’s revenue was up 48.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.59 earnings per share. Seagate Technology has set its Q1 2027 guidance at 7.100-7.500 EPS. On average, equities research analysts anticipate that Seagate Technology Holdings PLC will post 35.7 earnings per share for the current year.

Seagate Technology Announces Dividend

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

Institutional Trading of Seagate Technology

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Wellington Management Group LLP boosted its position in Seagate Technology by 2,655.9% in the 2nd quarter. Wellington Management Group LLP now owns 2,414,136 shares of the data storage provider’s stock worth $2,329,641,000 after purchasing an additional 2,326,538 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of Seagate Technology by 5.0% in the 4th quarter. Geode Capital Management LLC now owns 4,896,815 shares of the data storage provider’s stock valued at $1,343,683,000 after purchasing an additional 234,436 shares during the period. Arrowstreet Capital Limited Partnership boosted its holdings in Seagate Technology by 8.3% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,193,063 shares of the data storage provider’s stock worth $879,338,000 after buying an additional 243,551 shares in the last quarter. National Pension Service boosted its holdings in Seagate Technology by 0.8% during the second quarter. National Pension Service now owns 834,705 shares of the data storage provider’s stock worth $805,490,000 after buying an additional 6,944 shares in the last quarter. Finally, Norges Bank acquired a new stake in Seagate Technology during the fourth quarter valued at $498,363,000. Institutional investors and hedge funds own 92.87% of the company’s stock.

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.