Seagate Technology (NASDAQ:STX) CEO Sells $1,556,175.92 in Stock

Seagate Technology Holdings PLC (NASDAQ:STX) CEO William Mosley sold 1,768 shares of the firm’s stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $880.19, for a total value of $1,556,175.92. Following the completion of the transaction, the chief executive officer owned 327,517 shares in the company, valued at approximately $288,277,188.23. This trade represents a 0.54% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Seagate Technology Price Performance

Shares of NASDAQ STX traded up $87.76 during midday trading on Monday, hitting $1,018.80. The stock had a trading volume of 5,765,341 shares, compared to its average volume of 4,086,535. The company has a market capitalization of $228.45 billion, a PE ratio of 96.66 and a beta of 2.04. The stock has a 50 day simple moving average of $709.54 and a 200-day simple moving average of $477.38. Seagate Technology Holdings PLC has a 1 year low of $127.61 and a 1 year high of $1,032.52. The company has a quick ratio of 0.85, a current ratio of 1.33 and a debt-to-equity ratio of 3.16.

Seagate Technology (NASDAQ:STX) last issued its earnings results on Tuesday, April 28th. The data storage provider reported $4.10 EPS for the quarter, beating analysts’ consensus estimates of $3.51 by $0.59. The business had revenue of $3.11 billion during the quarter, compared to analysts’ expectations of $2.96 billion. Seagate Technology had a net margin of 21.60% and a return on equity of 1,005.65%. The company’s quarterly revenue was up 44.1% compared to the same quarter last year. During the same period in the prior year, the business earned $1.90 earnings per share. Seagate Technology has set its Q4 2026 guidance at 4.800-5.200 EPS. On average, sell-side analysts expect that Seagate Technology Holdings PLC will post 14.14 EPS for the current fiscal year.

Seagate Technology Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 7th. Shareholders of record on Wednesday, June 24th will be paid a $0.74 dividend. This represents a $2.96 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend is Wednesday, June 24th. Seagate Technology’s dividend payout ratio (DPR) is 28.08%.

Seagate Technology News Roundup

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

• Positive Sentiment: Morgan Stanley boosted Seagate’s price target to $1,035 and reiterated an Overweight rating, signaling confidence that HDD pricing and demand are strengthening. Benzinga
• Positive Sentiment: Analysts said Seagate and Western Digital should benefit from improving HDD demand, which supports the idea that storage supply is tightening just as AI-related data needs are rising. Article
• Positive Sentiment: Multiple market notes highlighted Seagate as an AI infrastructure beneficiary, with tighter memory and storage supply helping drive interest in STX alongside other memory names. Zacks
• Positive Sentiment: Seagate’s recent debt redemption removed about $150.7 million of exchangeable notes, improving the balance sheet and reducing leverage risk. Article
• Neutral Sentiment: Commentary on Seagate’s long-term performance and whether the stock can reach $1,000 in 2026 may keep investor attention high, but it is mostly sentiment-driven rather than a new fundamental catalyst. MSN
• Neutral Sentiment: Broader tech and AI stock strength, helped by a market rally and relief over Middle East developments, is also providing a favorable backdrop for STX. Article

Analyst Ratings Changes

Several equities research analysts recently commented on STX shares. Wall Street Zen raised Seagate Technology from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. JPMorgan Chase & Co. upped their target price on Seagate Technology from $775.00 to $920.00 and gave the company an “overweight” rating in a report on Thursday. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Seagate Technology in a research note on Friday, March 27th. Cantor Fitzgerald lifted their price target on Seagate Technology from $700.00 to $1,000.00 and gave the stock an “overweight” rating in a report on Wednesday, April 29th. Finally, Susquehanna upped their price objective on shares of Seagate Technology from $485.00 to $615.00 and gave the company a “neutral” rating in a report on Wednesday, April 29th. One research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $831.79.

Institutional Investors Weigh In On Seagate Technology

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Evansbrook LLC acquired a new stake in Seagate Technology during the first quarter worth $892,000. Parallel Advisors LLC increased its stake in Seagate Technology by 11.1% during the first quarter. Parallel Advisors LLC now owns 4,353 shares of the data storage provider’s stock worth $1,706,000 after acquiring an additional 435 shares during the last quarter. NewEdge Advisors LLC increased its stake in Seagate Technology by 85.9% during the first quarter. NewEdge Advisors LLC now owns 22,046 shares of the data storage provider’s stock worth $8,637,000 after acquiring an additional 10,190 shares during the last quarter. Integrated Investment Consultants LLC acquired a new stake in Seagate Technology during the first quarter worth $262,000. Finally, Cozad Asset Management Inc. increased its stake in Seagate Technology by 6.7% during the first quarter. Cozad Asset Management Inc. now owns 2,661 shares of the data storage provider’s stock worth $1,042,000 after acquiring an additional 166 shares during the last quarter. Institutional investors and hedge funds own 92.87% of the company’s stock.

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.