Seagate Technology (NASDAQ:STX) CEO Sells $14,130,284.00 in Stock

Seagate Technology Holdings PLC (NASDAQ:STX) CEO William Mosley sold 17,080 shares of the business’s stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $827.30, for a total transaction of $14,130,284.00. Following the transaction, the chief executive officer directly owned 295,517 shares in the company, valued at approximately $244,481,214.10. The trade was a 5.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Seagate Technology Trading Up 1.7%

Shares of STX traded up $14.29 during trading hours on Tuesday, reaching $845.35. 5,019,776 shares of the company traded hands, compared to its average volume of 4,428,792. Seagate Technology Holdings PLC has a 12 month low of $144.75 and a 12 month high of $1,145.00. The company has a quick ratio of 1.17, a current ratio of 1.67 and a debt-to-equity ratio of 1.56. The company’s fifty day moving average price is $897.28 and its two-hundred day moving average price is $633.59. The company has a market capitalization of $189.55 billion, a price-to-earnings ratio of 60.90 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 analysts’ consensus estimates of $5.10 by $0.61. Seagate Technology had a net margin of 26.11% and a return on equity of 369.98%. The company had revenue of $3.63 billion during the quarter, compared to the consensus estimate of $3.50 billion. During the same period in the prior year, the firm earned $2.59 earnings per share. Seagate Technology’s 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. Equities research analysts predict 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. Stockholders of record on Thursday, September 24th will be issued a dividend of $0.74 per share. This represents a $2.96 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date is Thursday, September 24th. Seagate Technology’s payout ratio is 21.33%.

Hedge Funds Weigh In On Seagate Technology

Hedge funds have recently added to or reduced their stakes in the company. Annis Gardner Whiting Capital Advisors LLC raised its holdings in shares of Seagate Technology by 23.1% during the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 80 shares of the data storage provider’s stock valued at $31,000 after purchasing an additional 15 shares during the last quarter. Salomon & Ludwin LLC raised its stake in Seagate Technology by 124.4% during the 4th quarter. Salomon & Ludwin LLC now owns 92 shares of the data storage provider’s stock valued at $27,000 after buying an additional 51 shares during the last quarter. WealthCollab LLC lifted its holdings in shares of Seagate Technology by 27.4% during the 1st quarter. WealthCollab LLC now owns 93 shares of the data storage provider’s stock valued at $36,000 after buying an additional 20 shares during the period. Catalyst Capital Advisors LLC bought a new stake in shares of Seagate Technology in the first quarter worth $39,000. Finally, Concord Wealth Partners purchased a new stake in Seagate Technology during the fourth quarter valued at $28,000. 92.87% of the stock is currently owned by hedge funds and other institutional investors.

Key Stories Impacting Seagate Technology

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

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. TD Cowen lifted their price target on shares of Seagate Technology from $850.00 to $1,000.00 and gave the company a “buy” rating in a research report on Wednesday, July 29th. Barclays upped their price objective on shares of Seagate Technology from $1,000.00 to $1,250.00 and gave the stock an “overweight” rating in a report on Thursday, July 30th. Citigroup raised their target price on shares of Seagate Technology from $1,240.00 to $1,300.00 and gave the company a “buy” rating in a research note on Wednesday, July 29th. UBS Group boosted their price target on Seagate Technology from $515.00 to $545.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 29th. Finally, Zacks Research upgraded Seagate Technology from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 28th. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $986.00.

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.