Seagate Technology (NASDAQ:STX) EVP Sells $385,146.39 in Stock

Seagate Technology Holdings PLC (NASDAQ:STX) EVP John Morris sold 493 shares of the company’s stock in a transaction on Monday, September 14th. The stock was sold at an average price of $781.23, for a total transaction of $385,146.39. Following the completion of the sale, the executive vice president owned 16,468 shares of the company’s stock, valued at approximately $12,865,295.64. The trade was a 2.91% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

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 shares were sold at an average price of $772.15, for a total transaction of $11,942,071.90.
• 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 value 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 value 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 stock was sold at an average price of $817.76, for a total transaction of $137,383.68.

Seagate Technology Stock Performance

Shares of STX opened at $803.13 on Friday. Seagate Technology Holdings PLC has a 1 year low of $209.00 and a 1 year 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. The stock’s fifty day moving average price is $843.14 and its two-hundred day moving average price is $738.45. The firm has a market cap of $182.62 billion, a PE ratio of 57.86 and a beta of 2.06.

Seagate Technology (NASDAQ:STX) last announced its quarterly earnings results on Tuesday, July 28th. The data storage provider reported $5.71 EPS for the quarter, beating analysts’ consensus estimates of $5.10 by $0.61. Seagate Technology had a net margin of 26.11% and a return on equity of 369.98%. The company had revenue of $3.63 billion for the quarter, compared to analysts’ expectations of $3.50 billion. During the same period in the prior year, the company posted $2.59 EPS. Seagate Technology’s revenue was up 48.5% compared to the same quarter last year. Seagate Technology has set its Q1 2027 guidance at 7.100-7.500 EPS. On average, equities research analysts forecast that Seagate Technology Holdings PLC will post 35.7 EPS for the current year.

Seagate Technology Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 7th. Investors of record on Thursday, September 24th will be paid 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 0.4%. Seagate Technology’s dividend payout ratio (DPR) is presently 21.33%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on STX shares. JPMorgan Chase & Co. upped their price objective on shares of Seagate Technology from $1,095.00 to $1,240.00 and gave the stock an “overweight” rating in a report on Wednesday, July 29th. China Renaissance lifted their target price on shares of Seagate Technology from $802.00 to $983.00 in a research note on Friday, June 12th. Weiss Ratings reissued a “buy (b)” rating on shares of Seagate Technology in a research note on Wednesday, June 24th. Rosenblatt Securities raised their price objective on shares of Seagate Technology from $1,300.00 to $1,400.00 and gave the stock a “buy” rating in a report on Wednesday, July 29th. Finally, Barclays lifted their price objective on Seagate Technology from $1,000.00 to $1,250.00 and gave the company an “overweight” rating in a research report on Thursday, July 30th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $986.00.

More Seagate Technology News

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

• Positive Sentiment: Seagate’s gross margin reached 52.7% in the latest quarter, supported by repeated pricing increases that management believes can be sustained. Durable pricing power could support earnings and cash flow as demand for mass-capacity storage expands. Seagate gross margin article
• Positive Sentiment: STX has substantially outperformed other AI-infrastructure stocks over the past year. Analysts remain optimistic, reflecting expectations for continued data-center demand, hyperscale customers and AI-driven HDD requirements. Seagate performance versus AI infrastructure stocks
• Positive Sentiment: The company’s latest quarterly results showed revenue growth of 48.5% year over year, adjusted earnings above consensus and fiscal first-quarter 2027 EPS guidance of $7.10 to $7.50. Those results reinforce the bullish earnings narrative behind the stock.
• Neutral Sentiment: Seagate completed the retirement and exchange of approximately $150.7 million of 2028 exchangeable notes using about $151.0 million in cash and 1.65 million shares. The transaction reduces upcoming debt but creates some share dilution. Seagate 2028 notes retirement article
• Negative Sentiment: CEO William Mosley, CFO Gianluca Romano and EVPs John Morris and Ban Teh reported sizable stock sales totaling roughly $168 million. The filings cite tax withholding or pre-arranged Rule 10b5-1 plans, which reduces the bearish signal, but the concentrated selling has nevertheless increased short-term investor caution. Seagate insider selling report
• Negative Sentiment: After its sharp rally, STX trades at a high earnings multiple and below its 50-day moving average, leaving the stock vulnerable to profit-taking if AI-storage growth or pricing momentum slows. Its high beta also amplifies broader technology-sector volatility.

Hedge Funds Weigh In On Seagate Technology

Institutional investors and hedge funds have recently bought and sold shares of the stock. Wellington Management Group LLP increased its stake in Seagate Technology by 2,655.9% in the 2nd quarter. Wellington Management Group LLP now owns 2,414,136 shares of the data storage provider’s stock worth $2,329,641,000 after acquiring an additional 2,326,538 shares during the last quarter. Norges Bank purchased a new position in shares of Seagate Technology during the fourth quarter worth about $498,363,000. Janus Henderson Group PLC grew its holdings in shares of Seagate Technology by 3,872.1% during the first quarter. Janus Henderson Group PLC now owns 967,528 shares of the data storage provider’s stock worth $378,985,000 after purchasing an additional 943,170 shares in the last quarter. Deutsche Bank AG increased its position in shares of Seagate Technology by 102.0% in the fourth quarter. Deutsche Bank AG now owns 1,599,962 shares of the data storage provider’s stock worth $440,614,000 after purchasing an additional 807,962 shares during the last quarter. Finally, National Pension Service raised its stake in Seagate Technology by 298.7% in the fourth quarter. National Pension Service now owns 997,223 shares of the data storage provider’s stock valued at $274,625,000 after purchasing an additional 747,102 shares in the last quarter. 92.87% of the stock is currently owned by hedge funds and other institutional investors.

About Seagate Technology

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.