Insider Selling: Seagate Technology (NASDAQ:STX) CEO Sells 2,855 Shares of Stock

Seagate Technology Holdings PLC (NASDAQ:STX) CEO William Mosley sold 2,855 shares of the stock in a transaction on Wednesday, June 10th. The stock was sold at an average price of $821.74, for a total value of $2,346,067.70. Following the completion of the sale, the chief executive officer directly owned 324,870 shares in the company, valued at $266,958,673.80. This represents a 0.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Seagate Technology Price Performance

NASDAQ:STX traded up $52.10 during mid-day trading on Thursday, reaching $868.09. 2,621,205 shares of the stock were exchanged, compared to its average volume of 4,078,229. The business has a fifty day moving average price of $689.85 and a 200 day moving average price of $468.16. The firm has a market capitalization of $194.65 billion, a PE ratio of 82.36 and a beta of 2.04. Seagate Technology Holdings PLC has a 1-year low of $124.63 and a 1-year high of $966.80. The company has a current ratio of 1.33, a quick ratio of 0.85 and a debt-to-equity ratio of 3.16.

Seagate Technology (NASDAQ:STX) last announced its quarterly earnings data on Tuesday, April 28th. The data storage provider reported $4.10 EPS for the quarter, topping analysts’ consensus estimates of $3.51 by $0.59. The firm had revenue of $3.11 billion during the quarter, compared to analyst estimates of $2.96 billion. Seagate Technology had a return on equity of 1,005.65% and a net margin of 21.60%.The business’s quarterly revenue was up 44.1% compared to the same quarter last year. During the same period last year, the company posted $1.90 EPS. Seagate Technology has set its Q4 2026 guidance at 4.800-5.200 EPS. Research analysts expect that Seagate Technology Holdings PLC will post 14.1 earnings per share for the current fiscal year.

Seagate Technology Dividend Announcement

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

More Seagate Technology News

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

• Positive Sentiment: JPMorgan Chase & Co. raised its price target on Seagate to $920 from $775 and kept an Overweight rating, implying additional upside from recent levels. MarketScreener
• Positive Sentiment: BofA Securities also lifted its Seagate price target to $900 from $840 and reiterated a Buy rating, reinforcing the bullish analyst trend around the name. Yahoo Finance
• Positive Sentiment: Mizuho increased its price target to $1,090, citing AI growth potential and longer-term upside from Seagate’s storage technology strategy. MSN
• Positive Sentiment: Several recent articles highlight Seagate as a beneficiary of unprecedented AI-driven storage demand, with investors focusing on its Mozaic/HAMR technology and improving earnings outlook. Yahoo Finance
• Neutral Sentiment: Brokerage consensus remains constructive, with Seagate carrying a Moderate Buy recommendation overall. American Banking News
• Negative Sentiment: Some trading weakness was linked to broader market pressure after hotter-than-expected CPI data revived rate-hike concerns, weighing on semiconductors and related tech stocks. Yahoo Finance
• Negative Sentiment: One market note also flagged valuation risk after Seagate’s sharp run-up, suggesting investors may be balancing strong fundamentals against a stretched share price. Zacks

Institutional Trading of Seagate Technology

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

Analyst Ratings Changes

Several research firms recently issued reports on STX. UBS Group raised their price target on Seagate Technology from $515.00 to $545.00 and gave the company a “neutral” rating in a report on Wednesday, April 29th. Wall Street Zen upgraded Seagate Technology from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. Bank of America raised their price target on Seagate Technology from $900.00 to $1,000.00 in a report on Monday. The Goldman Sachs Group raised their price target on Seagate Technology from $385.00 to $700.00 and gave the company a “buy” rating in a report on Wednesday, April 29th. Finally, Zacks Research upgraded Seagate Technology from a “hold” rating to a “strong-buy” rating in a report on Friday, May 1st. One investment analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $798.50.

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.