William Mosley Sells 18,138 Shares of Seagate Technology (NASDAQ:STX) Stock

Seagate Technology Holdings PLC (NASDAQ:STX) CEO William Mosley sold 18,138 shares of the company’s stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $849.35, for a total transaction of $15,405,510.30. Following the completion of the transaction, the chief executive officer owned 298,483 shares in the company, valued at approximately $253,516,536.05. This trade represents a 5.73% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Seagate Technology Trading Up 3.4%

Shares of STX stock opened at $821.67 on Wednesday. Seagate Technology Holdings PLC has a 12-month low of $163.72 and a 12-month high of $1,145.00. The company has a market capitalization of $186.23 billion, a PE ratio of 59.20 and a beta of 2.06. The firm has a 50 day moving average price of $884.55 and a two-hundred day moving average price of $688.66. The company has a quick ratio of 1.17, a current ratio of 1.67 and a debt-to-equity ratio of 1.56.

Seagate Technology (NASDAQ:STX) last posted its earnings results on Tuesday, July 28th. The data storage provider reported $5.71 EPS for the quarter, beating the consensus estimate of $5.10 by $0.61. The company had revenue of $3.63 billion for the quarter, compared to the consensus estimate of $3.50 billion. Seagate Technology had a return on equity of 369.98% and a net margin of 26.11%.The firm’s revenue for the quarter was up 48.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.59 earnings per share. Seagate Technology has set its Q1 2027 guidance at 7.100-7.500 EPS. As a group, analysts predict that Seagate Technology Holdings PLC will post 34.42 earnings per share for the current year.

Seagate Technology Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 7th. Shareholders of record on Thursday, September 24th will be issued a $0.74 dividend. This represents a $2.96 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend is Thursday, September 24th. Seagate Technology’s dividend payout ratio is currently 21.33%.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of STX. PFA Pension Forsikringsaktieselskab acquired a new stake in shares of Seagate Technology in the 4th quarter valued at approximately $23,882,000. New York State Teachers Retirement System increased its position in Seagate Technology by 5.0% during the 4th quarter. New York State Teachers Retirement System now owns 187,044 shares of the data storage provider’s stock worth $51,510,000 after purchasing an additional 8,991 shares in the last quarter. Praxis Investment Management Inc. increased its position in Seagate Technology by 56.5% during the 4th quarter. Praxis Investment Management Inc. now owns 6,615 shares of the data storage provider’s stock worth $1,822,000 after purchasing an additional 2,389 shares in the last quarter. NewEdge Advisors LLC lifted its stake in Seagate Technology by 85.9% in the 1st quarter. NewEdge Advisors LLC now owns 22,046 shares of the data storage provider’s stock valued at $8,637,000 after purchasing an additional 10,190 shares during the last quarter. Finally, GLOBALT Investments LLC GA lifted its stake in Seagate Technology by 820.8% in the 4th quarter. GLOBALT Investments LLC GA now owns 9,760 shares of the data storage provider’s stock valued at $2,688,000 after purchasing an additional 8,700 shares during the last quarter. Institutional investors own 92.87% of the company’s stock.

Trending Headlines about Seagate Technology

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

• Positive Sentiment: Seagate was highlighted as a momentum stock to buy alongside Western Digital and Dell. The Driehaus strategy cited strong earnings performance and favorable price trends, reinforcing the bullish artificial-intelligence and data-storage investment case. Seagate and momentum stocks article
• Positive Sentiment: Wall Street maintains a favorable view, with Seagate carrying a consensus “Moderate Buy” rating and an average price target of approximately $986. Recent target increases from Barclays, Wells Fargo, Bank of America and Cantor Fitzgerald point to continued optimism about storage demand and earnings growth. Seagate analyst recommendation article
• Positive Sentiment: The company’s latest quarterly results exceeded expectations, with earnings per share of $5.71 versus a $5.10 consensus estimate and revenue of $3.63 billion versus $3.50 billion. Revenue increased 48.5% year over year, and fiscal first-quarter 2027 guidance calls for EPS of $7.10 to $7.50.
• Neutral Sentiment: Reported short interest was listed as zero shares with a zero-day days-to-cover ratio. Because the figures include an implausible “NaN” change, the data may reflect a reporting issue rather than a meaningful shift in bearish positioning.
• Neutral Sentiment: Seagate declared a quarterly dividend of $0.74 per share, or $2.96 annualized, representing a yield of about 0.4%. The payout provides modest shareholder income but is unlikely to be a major near-term catalyst.
• Negative Sentiment: Several executives sold shares, including the CEO, CFO and multiple executive vice presidents. The transactions totaled roughly $38 million and reduced some individual holdings significantly. Several sales were made under Rule 10b5-1 plans, which lessens their value as discretionary bearish signals but may still weigh on investor sentiment.
• Negative Sentiment: STX was pressured by a wider technology-sector selloff. Its high beta of 2.06 and elevated valuation make the shares particularly sensitive to risk reduction, profit-taking and concerns about an AI-related hardware reset. Seagate sector weakness article

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on STX. UBS Group boosted their target price on shares of Seagate Technology from $515.00 to $545.00 and gave the company a “neutral” rating in a research report on Wednesday, April 29th. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $1,350.00 price target on shares of Seagate Technology in a research report on Wednesday, July 29th. Morgan Stanley lifted their price objective on shares of Seagate Technology from $1,035.00 to $1,187.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 29th. China Renaissance increased their target price on shares of Seagate Technology from $802.00 to $983.00 in a research report on Friday, June 12th. Finally, BNP Paribas Exane raised their target price on shares of Seagate Technology from $530.00 to $860.00 and gave the stock an “outperform” rating in a report on Wednesday, April 29th. One equities research 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 stock. According to data from MarketBeat, Seagate Technology presently has an average rating of “Moderate Buy” and a consensus price target of $986.00.

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.