Seagate Technology (NASDAQ:STX) EVP Sells $436,987.42 in Stock

Seagate Technology Holdings PLC (NASDAQ:STX) EVP John Christopher Morris sold 523 shares of Seagate Technology stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $835.54, for a total transaction of $436,987.42. Following the completion of the transaction, the executive vice president directly owned 15,460 shares of the company’s stock, valued at $12,917,448.40. This trade represents a 3.27% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible 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 Friday, August 21st, John Christopher Morris sold 3,516 shares of Seagate Technology stock. The shares were sold at an average price of $849.35, for a total transaction of $2,986,314.60.
• On Monday, August 3rd, John Christopher 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.
• On Friday, June 12th, John Christopher Morris sold 1,364 shares of Seagate Technology stock. The shares were sold at an average price of $880.19, for a total value of $1,200,579.16.
• On Wednesday, June 10th, John Christopher Morris sold 574 shares of Seagate Technology stock. The stock was sold at an average price of $821.66, for a total value of $471,632.84.

Seagate Technology Trading Up 3.0%

Shares of NASDAQ:STX opened at $846.37 on Thursday. The company has a debt-to-equity ratio of 1.56, a current ratio of 1.67 and a quick ratio of 1.17. Seagate Technology Holdings PLC has a 1 year low of $163.86 and a 1 year high of $1,145.00. The company has a market cap of $191.83 billion, a P/E ratio of 60.98 and a beta of 2.06. The stock’s fifty day moving average price is $880.16 and its 200-day moving average price is $691.76.

Seagate Technology (NASDAQ:STX) last issued its earnings results on Tuesday, July 28th. The data storage provider reported $5.71 earnings per share for the quarter, topping analysts’ consensus estimates of $5.10 by $0.61. The business had revenue of $3.63 billion during 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%.Seagate Technology’s revenue was up 48.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.59 EPS. Seagate Technology has set its Q1 2027 guidance at 7.100-7.500 EPS. Sell-side analysts expect that Seagate Technology Holdings PLC will post 34.42 earnings per share for the current year.

Seagate Technology Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 7th. Investors 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 yield of 0.3%. Seagate Technology’s dividend payout ratio is 21.33%.

Hedge Funds Weigh In On Seagate Technology

Institutional investors have recently bought and sold shares of the stock. Integrated Wealth Concepts LLC increased its position in Seagate Technology by 168.0% in the first quarter. Integrated Wealth Concepts LLC now owns 7,177 shares of the data storage provider’s stock worth $610,000 after buying an additional 4,499 shares in the last quarter. Sivia Capital Partners LLC purchased a new position in shares of Seagate Technology during the 2nd quarter valued at about $262,000. Cerity Partners LLC lifted its position in shares of Seagate Technology by 25.8% during the 2nd quarter. Cerity Partners LLC now owns 36,682 shares of the data storage provider’s stock valued at $5,294,000 after buying an additional 7,517 shares in the last quarter. Sei Investments Co. grew its stake in shares of Seagate Technology by 64.8% during the 2nd quarter. Sei Investments Co. now owns 8,543 shares of the data storage provider’s stock valued at $1,233,000 after acquiring an additional 3,358 shares during the period. Finally, The Manufacturers Life Insurance Company increased its holdings in Seagate Technology by 0.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 127,887 shares of the data storage provider’s stock worth $18,458,000 after acquiring an additional 462 shares in the last quarter. 92.87% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. Sanford C. Bernstein reiterated an “outperform” rating and set a $1,350.00 target price on shares of Seagate Technology in a research note on Wednesday, July 29th. Zacks Research raised Seagate Technology from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 28th. Melius Research began coverage on Seagate Technology in a research report on Monday, June 29th. They set a “buy” rating and a $1,600.00 price objective for the company. Weiss Ratings reissued a “buy (b)” rating on shares of Seagate Technology in a report on Wednesday, June 24th. Finally, UBS Group raised their target price on Seagate Technology from $515.00 to $545.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 29th. One analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $986.00.

Key Headlines Impacting Seagate Technology

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

• Positive Sentiment: Analyst commentary highlights Seagate as a potential “unexpected” AI winner. Hyperscaler demand, contracts extending through 2027 and the need for high-capacity storage could support sustained growth as data-center workloads expand. Prediction: Seagate Could Be One of AI’s Most Unexpected Winners
• Positive Sentiment: With Treasury yields falling, Zacks identified STX as a growth stock that could benefit from stronger earnings momentum and structural demand for storage. Seagate’s latest quarter showed revenue growth of 48.5% year over year, while EPS and revenue exceeded consensus estimates. 3 Growth Stocks to Buy as Treasury Yields Fall
• Positive Sentiment: Wall Street’s consensus remains constructive, with a “Moderate Buy” rating and an average price target of $986. Several firms recently raised targets to between $1,150 and $1,300, citing Seagate’s earnings outlook and AI-related demand.
• Neutral Sentiment: Seagate declared a quarterly dividend of $0.74 per share, equivalent to a $2.96 annualized payout and an approximately 0.4% yield. The dividend provides shareholder income but is unlikely to be a major near-term trading catalyst.
• Negative Sentiment: EVP James Ci Lee sold 9,013 shares worth about $7.16 million, reducing his ownership by 96.29%. EVP John Christopher Morris also sold 523 shares and has made several additional sales recently. These transactions may weigh on sentiment, although they were executed under pre-arranged Rule 10b5-1 plans, reducing their significance as discretionary signals about management’s outlook. SEC filing for James Ci Lee stock sale
• Negative Sentiment: STX’s high valuation and beta make it sensitive to broader technology-sector weakness and profit-taking. The recent decline from its 52-week high increases the risk that investors will demand continued earnings beats to justify the premium valuation.

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.