Seagate Technology (NASDAQ:STX) EVP John Christopher Morris Sells 15,466 Shares

Seagate Technology Holdings PLC (NASDAQ:STX) EVP John Morris sold 15,466 shares of the company’s stock in a transaction dated Tuesday, September 15th. The stock was sold at an average price of $772.15, for a total transaction of $11,942,071.90. Following the completion of the transaction, the executive vice president owned 31,132 shares in the company, valued at $24,038,573.80. This represents a 33.19% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 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 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 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 value 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 value of $137,383.68.

Seagate Technology Price Performance

Shares of STX stock opened at $783.18 on Thursday. Seagate Technology Holdings PLC has a twelve month low of $206.26 and a twelve month high of $1,145.00. 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 stock has a fifty day simple moving average of $844.88 and a two-hundred day simple moving average of $735.67. The stock has a market capitalization of $178.09 billion, a price-to-earnings ratio of 56.43 and a beta of 2.06.

Seagate Technology (NASDAQ:STX) last issued its 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 company had revenue of $3.63 billion for the quarter, compared to analysts’ expectations of $3.50 billion. Seagate Technology had a net margin of 26.11% and a return on equity of 369.98%. The firm’s quarterly revenue was up 48.5% on a year-over-year basis. During the same period in the prior year, the business earned $2.59 EPS. Seagate Technology has set its Q1 2027 guidance at 7.100-7.500 EPS. On average, analysts predict that Seagate Technology Holdings PLC will post 35.7 EPS for the current fiscal year.

Seagate Technology Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 7th. Stockholders of record on Thursday, September 24th will be given a $0.74 dividend. This represents a $2.96 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend is Thursday, September 24th. Seagate Technology’s dividend payout ratio is presently 21.33%.

Institutional Trading of Seagate Technology

Several large investors have recently added to or reduced their stakes in the company. Bouchey Financial Group Ltd. acquired a new position in shares of Seagate Technology in the second quarter valued at about $377,000. Miramontes Capital LLC acquired a new stake in shares of Seagate Technology during the second quarter worth about $335,000. IPG Investment Advisors LLC lifted its holdings in shares of Seagate Technology by 16.0% during the second quarter. IPG Investment Advisors LLC now owns 1,032 shares of the data storage provider’s stock worth $997,000 after purchasing an additional 142 shares during the period. MCF Advisors LLC boosted its position in Seagate Technology by 97.1% in the second quarter. MCF Advisors LLC now owns 203 shares of the data storage provider’s stock valued at $196,000 after buying an additional 100 shares during the last quarter. Finally, Lotus Asset Management LLC purchased a new stake in Seagate Technology in the second quarter valued at approximately $676,000. Hedge funds and other institutional investors own 92.87% of the company’s stock.

Key Headlines Impacting Seagate Technology

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

• Positive Sentiment: Seagate remains positioned to benefit from AI-driven growth in data-center storage. Fidelity investment commentary describes the company as a primary beneficiary of rising hard-disk-drive demand, supported by strong nearline storage requirements and hyperscale customers. AI-driven HDD demand article
• Positive Sentiment: The company’s latest reported quarter showed revenue growth of 48.5% year over year, with earnings of $5.71 per share exceeding the $5.10 consensus estimate. Management also issued fiscal first-quarter 2027 EPS guidance of $7.10 to $7.50, reinforcing the earnings-growth narrative. Seagate earnings article
• Neutral Sentiment: Analysts remain broadly bullish, with a consensus “Moderate Buy” rating and an average price target of $986. However, coverage also warns that expectations for AI-storage growth may already be reflected in STX’s elevated valuation, increasing the risk of profit-taking. Seagate valuation article
• Negative Sentiment: CEO William Mosley, CFO Gianluca Romano and EVPs John Morris and Ban Teh collectively reported substantial stock sales on September 15. Several transactions sharply reduced their holdings, although the filings state that the sales were made under pre-arranged Rule 10b5-1 plans or to cover tax withholding on vested equity awards. Seagate insider sale filing
• Negative Sentiment: STX has also been affected by a wider technology selloff after prominent AI executives called for a slower, more cautious pace of frontier-model development. That development has pressured AI-exposed storage and semiconductor stocks, even though it does not directly change Seagate’s current earnings outlook. Broader AI technology selloff article

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. Wedbush boosted their price objective on shares of Seagate Technology from $825.00 to $1,000.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 29th. TD Cowen increased their target price on Seagate Technology from $850.00 to $1,000.00 and gave the company a “buy” rating in a research report on Wednesday, July 29th. Fox Advisors downgraded Seagate Technology from an “overweight” rating to an “equal weight” rating in a report on Monday, June 22nd. Sanford C. Bernstein reissued an “outperform” rating and issued a $1,350.00 price target on shares of Seagate Technology in a research report on Wednesday, July 29th. Finally, JPMorgan Chase & Co. upped their price objective on 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. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $986.00.

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.