Seagate Technology (NASDAQ:STX) CEO William Mosley Sells 20,000 Shares of Stock

Seagate Technology Holdings PLC (NASDAQ:STX) CEO William Mosley sold 20,000 shares of the stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $429.27, for a total value of $8,585,400.00. Following the transaction, the chief executive officer directly owned 410,056 shares of the company’s stock, valued at approximately $176,024,739.12. This trade represents a 4.65% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Seagate Technology Stock Performance

Shares of STX opened at $444.45 on Wednesday. Seagate Technology Holdings PLC has a 1 year low of $63.19 and a 1 year high of $459.41. The company has a debt-to-equity ratio of 7.63, a current ratio of 1.12 and a quick ratio of 0.72. The stock’s fifty day moving average price is $311.90 and its two-hundred day moving average price is $243.79. The firm has a market cap of $96.92 billion, a PE ratio of 50.28, a PEG ratio of 0.97 and a beta of 1.62.

Seagate Technology (NASDAQ:STX) last posted its quarterly earnings results on Tuesday, January 27th. The data storage provider reported $3.11 earnings per share for the quarter, topping the consensus estimate of $2.77 by $0.34. Seagate Technology had a negative return on equity of 936.38% and a net margin of 19.59%.The company had revenue of $2.83 billion during the quarter, compared to the consensus estimate of $2.73 billion. During the same quarter in the prior year, the company earned $2.03 EPS. The firm’s quarterly revenue was up 21.5% compared to the same quarter last year. Seagate Technology has set its Q3 2026 guidance at 3.200-3.600 EPS. On average, equities research analysts forecast that Seagate Technology Holdings PLC will post 6.83 EPS for the current year.

Seagate Technology Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 8th. Stockholders of record on Wednesday, March 25th will be given a $0.74 dividend. The ex-dividend date of this dividend is Wednesday, March 25th. This represents a $2.96 annualized dividend and a dividend yield of 0.7%. Seagate Technology’s payout ratio is 33.48%.

Analysts Set New Price Targets

STX has been the topic of a number of analyst reports. Barclays boosted their target price on shares of Seagate Technology from $370.00 to $425.00 and gave the company an “equal weight” rating in a report on Wednesday, January 28th. China Renaissance boosted their price objective on Seagate Technology from $325.00 to $452.00 and gave the company a “buy” rating in a research note on Thursday, January 15th. Benchmark raised their target price on Seagate Technology from $255.00 to $325.00 and gave the stock a “buy” rating in a research note on Tuesday, December 16th. KeyCorp set a $500.00 target price on Seagate Technology in a report on Wednesday, January 28th. Finally, Zacks Research cut Seagate Technology from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 19th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, Seagate Technology has an average rating of “Moderate Buy” and an average target price of $417.57.

Key Headlines Impacting Seagate Technology

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

• Positive Sentiment: Q2 results and AI tailwind: Seagate reported a better‑than‑expected quarter (EPS $3.11 vs. $2.77 est.; revenue $2.83B vs. $2.73B) and highlighted AI-driven demand and long‑term HAMR visibility, plus Q3 guidance of $3.20–$3.60 EPS — a key driver of today’s bullish sentiment. Article Title
• Positive Sentiment: Analyst upgrades and higher targets: Multiple firms have raised ratings/targets (Cantor Fitzgerald, Barclays, Wedbush, Bernstein and others), lifting the consensus target toward the low‑to‑mid‑$400s — supporting momentum and valuation re‑rating.
• Positive Sentiment: Dividend and shareholder returns: Seagate declared a quarterly dividend of $0.74 (annualized $2.96); steady payout (DPR ~33%) reinforces income appeal for some investors and slightly cushions valuation concerns.
• Neutral Sentiment: Zacks coverage and momentum mentions: Recent Zacks pieces highlight STX as a long‑term growth/momentum pick amid AI-driven storage demand — media coverage can amplify buying but is secondary to concrete results and guidance. Article Title
• Negative Sentiment: Insider selling disclosed: Several insiders sold stock recently — CEO William Mosley sold 20,000 shares (~$8.59M; SEC filing) and EVP Ban Seng Teh sold 20,195 shares (~$8.93M; SEC filing); a director also sold a small stake. These large executive sales can raise short‑term caution among some shareholders. CEO Form 4 EVP Form 4

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Gateway Investment Advisers LLC increased its position in shares of Seagate Technology by 1.8% in the fourth quarter. Gateway Investment Advisers LLC now owns 1,399 shares of the data storage provider’s stock valued at $385,000 after buying an additional 25 shares in the last quarter. EWA LLC grew its stake in Seagate Technology by 2.1% in the 4th quarter. EWA LLC now owns 1,370 shares of the data storage provider’s stock valued at $377,000 after acquiring an additional 28 shares during the period. Sovereign Financial Group Inc. raised its position in Seagate Technology by 3.2% during the fourth quarter. Sovereign Financial Group Inc. now owns 1,063 shares of the data storage provider’s stock worth $293,000 after acquiring an additional 33 shares during the period. Pallas Capital Advisors LLC lifted its holdings in Seagate Technology by 0.6% during the fourth quarter. Pallas Capital Advisors LLC now owns 5,446 shares of the data storage provider’s stock valued at $1,500,000 after purchasing an additional 33 shares in the last quarter. Finally, Mutual Advisors LLC grew its position in shares of Seagate Technology by 3.1% in the fourth quarter. Mutual Advisors LLC now owns 1,213 shares of the data storage provider’s stock valued at $334,000 after purchasing an additional 36 shares during the period. 92.87% of the stock is currently owned by institutional investors.

Seagate Technology Company Profile

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.