Seagate Technology (NASDAQ:STX) CEO Sells $17,376,900.66 in Stock

Seagate Technology Holdings PLC (NASDAQ:STX) CEO William Mosley sold 18,998 shares of Seagate Technology stock in a transaction that occurred on Thursday, October 1st. The stock was sold at an average price of $914.67, for a total transaction of $17,376,900.66. Following the completion of the sale, the chief executive officer owned 373,110 shares of the company’s stock, valued at $341,272,523.70. This represents a 4.85% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Seagate Technology Stock Performance

Seagate Technology stock traded down $96.58 during midday trading on Friday, reaching $848.99. 13,517,477 shares of the company traded hands, compared to its average volume of 4,352,583. The firm has a market capitalization of $193.05 billion, a price-to-earnings ratio of 61.17 and a beta of 2.06. The business has a 50 day moving average of $854.72 and a two-hundred day moving average of $776.28. Seagate Technology Holdings PLC has a 12 month low of $209.00 and a 12 month high of $1,145.00. The company has a debt-to-equity ratio of 1.56, a current ratio of 1.67 and a quick ratio of 1.17.

Seagate Technology (NASDAQ:STX) last posted its earnings results 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 business had revenue of $3.63 billion during 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 quarter in the previous year, the firm posted $2.59 EPS. Seagate Technology has set its Q1 2027 guidance at 7.100-7.500 EPS. As a group, research analysts predict that Seagate Technology Holdings PLC will post 35.7 earnings per share for the current year.

Seagate Technology Announces Dividend

The company also recently disclosed 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 of this dividend is Thursday, September 24th. This represents a $2.96 annualized dividend and a dividend yield of 0.3%. Seagate Technology’s payout ratio is presently 21.33%.

Analyst Upgrades and Downgrades

STX has been the topic of several research reports. Argus raised their target price on Seagate Technology from $750.00 to $900.00 and gave the stock a “buy” rating in a research report on Thursday, July 30th. Rosenblatt Securities upped 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. Wall Street Zen raised shares of Seagate Technology from a “buy” rating to a “strong-buy” rating in a report on Saturday, September 26th. Citigroup boosted their target price on shares of Seagate Technology from $1,240.00 to $1,300.00 and gave the company a “buy” rating in a research report on Wednesday, July 29th. Finally, Wells Fargo & Company upped their target price on shares of Seagate Technology from $1,100.00 to $1,180.00 and gave the company an “overweight” rating in a report on Wednesday, July 29th. Twenty-two investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Seagate Technology has a consensus rating of “Moderate Buy” and an average target price of $986.00.

Trending Headlines about Seagate Technology

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

• Positive Sentiment: AI data-center growth continues to support demand for high-capacity hard drives, and Seagate has benefited from record margins and capacity that was reportedly close to fully allocated. The company remains positioned to supply the rapidly expanding need to store AI-generated data. AI Needs Massive Storage. Seagate Is Ready
• Positive Sentiment: Seagate’s recent operating momentum has been substantial: quarterly revenue and earnings exceeded expectations, with revenue rising strongly year over year. That performance demonstrates the benefit of tight industry supply and robust AI-related demand.
• Neutral Sentiment: Seagate’s stock had already risen more than 270% over the past year, prompting debate over whether its valuation fully reflects the AI-storage opportunity. Investors are weighing continued demand growth against the risk that the current shortage-driven earnings surge is temporary. Seagate Is Selling Into a Shortage. What Happens When It Ends?
• Negative Sentiment: Toshiba reportedly plans to double HDD production capacity for drives used in AI data centers during fiscal 2027, while other reports described an ambition to substantially increase market share. The potential influx of competing supply threatens to reduce scarcity, limit future price increases, and intensify competition for Seagate and Western Digital. Seagate Stock and Western Digital Tumble as AI Shortage Shows Signs of Easing

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in STX. Retirement Wealth Solutions LLC boosted its stake in shares of Seagate Technology by 70.6% in the second quarter. Retirement Wealth Solutions LLC now owns 29 shares of the data storage provider’s stock valued at $28,000 after purchasing an additional 12 shares during the period. Bridgewater Advisors Inc. increased its stake in Seagate Technology by 0.9% during the 1st quarter. Bridgewater Advisors Inc. now owns 1,477 shares of the data storage provider’s stock worth $579,000 after buying an additional 13 shares during the period. Annis Gardner Whiting Capital Advisors LLC increased its stake in Seagate Technology by 23.1% during the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 80 shares of the data storage provider’s stock worth $31,000 after buying an additional 15 shares during the period. Blalock Williams LLC lifted its holdings in Seagate Technology by 2.6% during the 2nd quarter. Blalock Williams LLC now owns 636 shares of the data storage provider’s stock worth $614,000 after buying an additional 16 shares in the last quarter. Finally, Beaumont Financial Advisors LLC boosted its position in Seagate Technology by 2.1% in the 1st quarter. Beaumont Financial Advisors LLC now owns 820 shares of the data storage provider’s stock valued at $321,000 after buying an additional 17 shares during the period. Institutional investors own 92.87% of the company’s stock.

About Seagate Technology

Seagate Technology Holdings plc is a data storage technology company that designs, manufactures and supplies solutions for storing, managing and accessing digital information. Its product portfolio is centered on hard disk drives (HDDs), including high-capacity drives used in cloud data centers, enterprise environments, surveillance systems, network-attached storage and personal computing.

The company also offers solid-state drives (SSDs), storage systems, external storage products and related services.