Seagate Technology (NASDAQ:STX) CEO William Mosley Sells 1,870 Shares

Seagate Technology Holdings PLC (NASDAQ:STX) CEO William Mosley sold 1,870 shares of Seagate Technology stock in a transaction that occurred on Monday, September 14th. The stock was sold at an average price of $781.23, for a total transaction of $1,460,900.10. Following the completion of the transaction, the chief executive officer directly owned 298,998 shares in the company, valued at approximately $233,586,207.54. The trade was a 0.62% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Seagate Technology Stock Down 4.2%

NASDAQ:STX traded down $33.74 during midday trading on Tuesday, reaching $771.81. 4,043,886 shares of the stock traded hands, compared to its average volume of 4,336,638. Seagate Technology Holdings PLC has a 12-month low of $206.26 and a 12-month high of $1,145.00. The business has a 50-day moving average of $847.53 and a two-hundred day moving average of $730.58. 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 stock has a market capitalization of $175.50 billion, a PE ratio of 55.61 and a beta of 2.06.

Seagate Technology (NASDAQ:STX) last released its quarterly earnings results on Tuesday, July 28th. The data storage provider reported $5.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.10 by $0.61. The business had revenue of $3.63 billion for the quarter, compared to analyst estimates of $3.50 billion. Seagate Technology had a net margin of 26.11% and a return on equity of 369.98%. The business’s revenue for the quarter was up 48.5% on a year-over-year basis. During the same period in the previous year, the company earned $2.59 earnings per share. Seagate Technology has set its Q1 2027 guidance at 7.100-7.500 EPS. On average, equities analysts forecast that Seagate Technology Holdings PLC will post 35.7 earnings per share for the current fiscal 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 dividend of $0.74 per share. This represents a $2.96 annualized dividend and a yield of 0.4%. The ex-dividend date is Thursday, September 24th. Seagate Technology’s payout ratio is 21.33%.

Key Headlines Impacting Seagate Technology

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

• Positive Sentiment: Fidelity’s Dividend Growth Fund identified Seagate as a primary beneficiary of AI-driven hard-disk-drive demand. The investment case centers on rising data-storage requirements, strong nearline demand and Seagate’s exposure to hyperscale customers. Seagate Technology Primary Beneficiary of AI Driven HDD Demand
• Positive Sentiment: Seagate’s research found that 99% of organizations expect AI to increase storage needs, while only 38% say they are fully prepared. The findings support a long-term growth narrative for hard drives and enterprise storage infrastructure. Global Seagate Research Finds AI Will Increase Storage Requirements
• Positive Sentiment: Recent coverage says Seagate is shipping next-generation HAMR drives into hyperscale contracts, while nearline capacity is reportedly committed through 2027. That execution could strengthen its position versus Western Digital in AI-related storage. Seagate Versus Western Digital on AI Storage Demand
• Neutral Sentiment: Seagate’s Edge IoT revenue rose 20% year over year in fiscal fourth quarter, but analysts warn that seasonality, SSD displacement and competition could limit the business’s growth momentum. Seagate Edge IoT Business Growth
• Negative Sentiment: Investors are questioning whether STX can sustain its rapid gains at a high valuation, particularly after reports that its CEO, CFO and CTO have sold shares. An executive sale totaling about $493,000 adds to governance and sentiment concerns. Seagate Insider Selling
• Negative Sentiment: A broader decline in AI-linked stocks followed calls from major AI executives for a more deliberate pace of frontier-model development, raising concerns about the timing of AI infrastructure spending. Seagate was pressured alongside Western Digital and other technology names. AI-Linked Stocks Fall

Institutional Inflows and Outflows

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

Analysts Set New Price Targets

A number of research firms have commented on STX. Melius Research started coverage on Seagate Technology in a research note on Monday, June 29th. They issued a “buy” rating and a $1,600.00 price target for the company. Rosenblatt Securities upped their price objective on shares of Seagate Technology from $1,300.00 to $1,400.00 and gave the company a “buy” rating in a report on Wednesday, July 29th. Argus increased their price objective on shares of Seagate Technology from $750.00 to $900.00 and gave the company a “buy” rating in a research report on Thursday, July 30th. Barclays lifted their target price on shares of Seagate Technology from $1,000.00 to $1,250.00 and gave the stock an “overweight” rating in a research note on Thursday, July 30th. Finally, Wedbush upped their price target on shares of 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 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 company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $986.00.

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.