William Mosley Sells 1,870 Shares of Seagate Technology (NASDAQ:STX) Stock

Seagate Technology Holdings PLC (NASDAQ:STX) CEO William Mosley sold 1,870 shares of Seagate Technology stock in a transaction on Monday, September 14th. The stock was sold at an average price of $781.23, for a total value of $1,460,900.10. Following the sale, the chief executive officer owned 298,998 shares of the company’s stock, valued at approximately $233,586,207.54. This trade represents a 0.62% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Seagate Technology Trading Down 4.2%

Shares of NASDAQ STX traded down $33.74 during mid-day trading on Tuesday, reaching $771.81. The company had a trading volume of 4,043,886 shares, compared to its average volume of 4,336,638. The stock has a market cap of $175.50 billion, a price-to-earnings ratio of 55.61 and a beta of 2.06. Seagate Technology Holdings PLC has a 52 week low of $206.26 and a 52 week high of $1,145.00. The business’s 50-day moving average is $847.53 and its 200-day moving average is $730.58. 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 released its quarterly earnings data on Tuesday, July 28th. The data storage provider reported $5.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.10 by $0.61. The company had revenue of $3.63 billion during the quarter, compared to analysts’ expectations of $3.50 billion. Seagate Technology had a net margin of 26.11% and a return on equity of 369.98%. The firm’s quarterly revenue was up 48.5% on a year-over-year basis. During the same period in the previous year, the company earned $2.59 EPS. Seagate Technology has set its Q1 2027 guidance at 7.100-7.500 EPS. Equities analysts expect 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. Investors of record on Thursday, September 24th will be issued a $0.74 dividend. The ex-dividend date is Thursday, September 24th. This represents a $2.96 dividend on an annualized basis and a dividend yield of 0.4%. Seagate Technology’s payout ratio is presently 21.33%.

Hedge Funds Weigh In On Seagate Technology

A number of large investors have recently bought and sold shares of STX. Bouchey Financial Group Ltd. purchased a new position in shares of Seagate Technology in the 2nd quarter valued at $377,000. Miramontes Capital LLC purchased a new stake in shares of Seagate Technology during the 2nd quarter worth $335,000. IPG Investment Advisors LLC lifted its stake in shares of Seagate Technology by 16.0% during the 2nd quarter. IPG Investment Advisors LLC now owns 1,032 shares of the data storage provider’s stock worth $997,000 after purchasing an additional 142 shares during the last quarter. MCF Advisors LLC boosted its position in Seagate Technology by 97.1% during the second quarter. MCF Advisors LLC now owns 203 shares of the data storage provider’s stock valued at $196,000 after purchasing an additional 100 shares in the last quarter. Finally, Lotus Asset Management LLC purchased a new position in Seagate Technology in the second quarter valued at about $676,000. Institutional investors own 92.87% of the company’s stock.

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

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Argus raised their price objective on Seagate Technology from $750.00 to $900.00 and gave the stock a “buy” rating in a report on Thursday, July 30th. Melius Research initiated coverage on Seagate Technology in a report on Monday, June 29th. They issued a “buy” rating and a $1,600.00 target price for the company. China Renaissance increased their price target on Seagate Technology from $802.00 to $983.00 in a research report on Friday, June 12th. Wedbush raised their price target on Seagate Technology from $825.00 to $1,000.00 and gave the company an “outperform” rating in a research note on Wednesday, July 29th. Finally, Citigroup lifted their price objective on Seagate Technology from $1,240.00 to $1,300.00 and gave the company a “buy” rating in a report on Wednesday, July 29th. One analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $986.00.

About Seagate Technology

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.