John Christopher Morris Sells 168 Shares of Seagate Technology (NASDAQ:STX) Stock

Seagate Technology Holdings PLC (NASDAQ:STX) EVP John Christopher Morris sold 168 shares of the firm’s stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $817.76, for a total transaction of $137,383.68. Following the sale, the executive vice president owned 11,920 shares in the company, valued at approximately $9,747,699.20. The trade was a 1.39% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 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, June 12th, John Christopher Morris sold 1,364 shares of Seagate Technology stock. The stock was sold at an average price of $880.19, for a total transaction of $1,200,579.16.
• On Wednesday, June 10th, John Christopher Morris sold 574 shares of Seagate Technology stock. The shares were sold at an average price of $821.66, for a total transaction of $471,632.84.

Seagate Technology Price Performance

Seagate Technology stock traded up $14.29 during mid-day trading on Tuesday, hitting $845.35. The stock had a trading volume of 5,019,776 shares, compared to its average volume of 4,428,792. The firm has a market capitalization of $189.55 billion, a P/E ratio of 60.90 and a beta of 2.06. The company has a current ratio of 1.67, a quick ratio of 1.17 and a debt-to-equity ratio of 1.56. The firm’s 50 day moving average is $897.28 and its 200 day moving average is $633.59. Seagate Technology Holdings PLC has a one year low of $144.75 and a one year high of $1,145.00.

Seagate Technology (NASDAQ:STX) last posted 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 return on equity of 369.98% and a net margin of 26.11%.The business had revenue of $3.63 billion for the quarter, compared to analysts’ expectations of $3.50 billion. During the same period last year, the firm earned $2.59 earnings per share. The business’s quarterly revenue was up 48.5% on a year-over-year basis. Seagate Technology has set its Q1 2027 guidance at 7.100-7.500 EPS. On average, sell-side analysts forecast that Seagate Technology Holdings PLC will post 33.08 earnings per share for the current fiscal year.

Seagate Technology Dividend Announcement

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 dividend of $0.74 per share. This represents a $2.96 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend is Thursday, September 24th. Seagate Technology’s dividend payout ratio (DPR) is 21.33%.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of STX. Salomon & Ludwin LLC lifted its stake in shares of Seagate Technology by 124.4% during the 4th quarter. Salomon & Ludwin LLC now owns 92 shares of the data storage provider’s stock worth $27,000 after acquiring an additional 51 shares during the last quarter. Rakuten Securities Inc. lifted its position in shares of Seagate Technology by 884.2% during the second quarter. Rakuten Securities Inc. now owns 187 shares of the data storage provider’s stock worth $27,000 after purchasing an additional 168 shares during the last quarter. Avion Wealth boosted its stake in shares of Seagate Technology by 343.5% during the fourth quarter. Avion Wealth now owns 102 shares of the data storage provider’s stock valued at $28,000 after purchasing an additional 79 shares during the period. Concord Wealth Partners bought a new position in shares of Seagate Technology in the fourth quarter worth about $28,000. Finally, Annis Gardner Whiting Capital Advisors LLC increased its stake in Seagate Technology by 23.1% in the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 80 shares of the data storage provider’s stock worth $31,000 after buying an additional 15 shares during the period. Institutional investors own 92.87% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on STX. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $1,350.00 price objective on shares of Seagate Technology in a report on Wednesday, July 29th. Weiss Ratings reiterated a “buy (b)” rating on shares of Seagate Technology in a report on Wednesday, June 24th. JPMorgan Chase & Co. increased their price objective on shares of Seagate Technology from $1,095.00 to $1,240.00 and gave the company an “overweight” rating in a report on Wednesday, July 29th. Fox Advisors cut Seagate Technology from an “overweight” rating to an “equal weight” rating in a report on Monday, June 22nd. Finally, Wedbush increased their price target on Seagate Technology from $825.00 to $1,000.00 and gave the company an “outperform” rating in a research note on Wednesday, July 29th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and four have given a Hold rating to the company. According to MarketBeat, Seagate Technology currently has a consensus rating of “Moderate Buy” and a consensus target price of $986.00.

Seagate Technology News Roundup

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

• Positive Sentiment: AI demand is improving revenue visibility. BNP Paribas highlighted long-term customer orders, an unusual source of visibility for cyclical storage companies. The commitments support the view that data-center and AI infrastructure spending could sustain Seagate’s growth. BNP Paribas Resets Seagate Target After Stunning AI Signal
• Positive Sentiment: Seagate remains a favored momentum and AI-infrastructure stock. Analysts cited AI infrastructure spending, financial strength and earnings growth as reasons to include STX among August momentum candidates. Broader industry spending on AI infrastructure is expected to support demand for storage capacity. 5 Momentum Stocks to Buy for August Despite a Mixed July
• Positive Sentiment: Recent results and guidance exceeded expectations. Seagate reported quarterly EPS of $5.71 versus the $5.10 consensus estimate, while revenue reached $3.63 billion, up 48.5% year over year and above the $3.50 billion forecast. Its next-quarter EPS outlook of $7.10-$7.50 further supports the bullish earnings narrative.
• Neutral Sentiment: An executive sold shares under a scheduled plan. EVP James Ci Lee sold 694 shares for approximately $609,000 in a Rule 10b5-1 transaction, reducing his direct ownership by two-thirds. Because the sale was pre-arranged, it provides limited information about management’s current view of the business. Insider Selling: Seagate Technology EVP Sells 694 Shares
• Negative Sentiment: Valuation and sector volatility remain risks. Seagate recently fell with other memory and storage stocks as investors took profits and reassessed elevated valuations. With STX trading at a high earnings multiple and well below its 50-day average, further volatility could limit gains despite the improving AI outlook. Seagate and Western Digital Dive as Memory Stocks Cool

About Seagate Technology

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.