Seagate Technology (NASDAQ:STX) EVP Sells $8,211,970.14 in Stock

Seagate Technology Holdings PLC (NASDAQ:STX) EVP John Morris sold 9,354 shares of the stock in a transaction that occurred on Monday, September 21st. The shares were sold at an average price of $877.91, for a total value of $8,211,970.14. Following the completion of the sale, the executive vice president directly owned 22,693 shares of the company’s stock, valued at $19,922,411.63. This represents a 29.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

John Christopher Morris also recently made the following trade(s):

• On Tuesday, September 15th, John Morris sold 15,466 shares of Seagate Technology stock. The stock was sold at an average price of $772.15, for a total transaction of $11,942,071.90.
• On Monday, September 14th, John Morris sold 493 shares of Seagate Technology stock. The shares were sold at an average price of $781.23, for a total transaction of $385,146.39.
• On Thursday, September 10th, John Morris sold 572 shares of Seagate Technology stock. The shares were sold at an average price of $862.13, for a total transaction of $493,138.36.
• On Friday, August 21st, John Morris sold 3,516 shares of Seagate Technology stock. The stock was sold at an average price of $849.35, for a total transaction of $2,986,314.60.
• On Thursday, August 20th, John Morris sold 523 shares of Seagate Technology stock. The stock was sold at an average price of $835.54, for a total transaction of $436,987.42.
• On Monday, August 3rd, John Morris sold 168 shares of Seagate Technology stock. The shares were sold at an average price of $817.76, for a total transaction of $137,383.68.

Seagate Technology Stock Down 1.9%

NASDAQ STX opened at $905.92 on Friday. The company has a debt-to-equity ratio of 1.56, a quick ratio of 1.17 and a current ratio of 1.67. The firm has a 50-day simple moving average of $848.39 and a 200 day simple moving average of $757.14. Seagate Technology Holdings PLC has a twelve month low of $209.00 and a twelve month high of $1,145.00. The stock has a market cap of $206.00 billion, a PE ratio of 65.27 and a beta of 2.06.

Seagate Technology (NASDAQ:STX) last issued its quarterly earnings results 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 firm had revenue of $3.63 billion for the quarter, compared to analyst estimates of $3.50 billion. Seagate Technology had a return on equity of 369.98% and a net margin of 26.11%.The company’s quarterly revenue was up 48.5% compared to the same quarter last year. During the same period in the previous year, the company posted $2.59 earnings per share. Seagate Technology has set its Q1 2027 guidance at 7.100-7.500 EPS. On average, research analysts forecast that Seagate Technology Holdings PLC will post 35.7 EPS for the current year.

Seagate Technology Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 7th. Stockholders of record on Thursday, September 24th will be given a dividend of $0.74 per share. The ex-dividend date is Thursday, September 24th. This represents a $2.96 dividend on an annualized basis and a dividend yield of 0.3%. Seagate Technology’s payout ratio is currently 21.33%.

Institutional Trading of Seagate Technology

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

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on STX. JPMorgan Chase & Co. lifted their price target on shares of Seagate Technology from $1,095.00 to $1,240.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 29th. Morgan Stanley increased their price objective on shares of Seagate Technology from $1,035.00 to $1,187.00 and gave the company an “overweight” rating in a research note on Wednesday, July 29th. Bank of America raised their price objective on shares of Seagate Technology from $1,000.00 to $1,150.00 and gave the stock a “buy” rating in a report on Wednesday, July 1st. Susquehanna lifted their target price on shares of Seagate Technology from $775.00 to $875.00 and gave the company a “neutral” rating in a research report on Wednesday, July 29th. Finally, China Renaissance upped their target price on shares of Seagate Technology from $802.00 to $983.00 in a research note on Friday, June 12th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $986.00.

Seagate Technology News Summary

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

• Positive Sentiment: Seagate’s exposure to hyperscale cloud providers and AI infrastructure remains a key bullish theme. Analysts tracking storage-capacity allocations believe rising demand from agentic AI and data centers could support additional growth beyond the company’s already substantial gains. Seagate Stock Has a Bigger AI Connection Than You Might Think
• Positive Sentiment: Seagate distributed approximately $168 million to shareholders through its quarterly $0.74-per-share dividend. The company’s recent earnings beat and guidance for fiscal first-quarter 2027 EPS of $7.10 to $7.50 continue to reinforce the favorable fundamental outlook. Seagate Sends $168 Million to Shareholders
• Neutral Sentiment: Reported short interest was zero shares as of September 24, implying essentially no measurable short-selling pressure. However, the data conflicts with the description of a “significant increase” in short interest and should be treated cautiously.
• Negative Sentiment: Executive Vice President John Christopher Morris sold 9,354 shares worth about $8.2 million, reducing his direct position by roughly 29%. The transaction was conducted under a pre-arranged Rule 10b5-1 plan, which reduces its significance as a discretionary bearish signal, but repeated insider selling can still weigh on sentiment. Seagate Insider Sale
• Negative Sentiment: After tripling over the past year, Seagate trades at an elevated valuation, with a reported price-to-earnings ratio above 65. The stock’s substantial prior run-up increases the risk of profit-taking even though analyst sentiment remains broadly bullish.

Seagate Technology Company Profile

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.