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

Seagate Technology Holdings PLC (NASDAQ:STX) CEO William Mosley sold 1,870 shares of the stock in a transaction on Monday, September 14th. The shares were sold at an average price of $781.23, for a total value of $1,460,900.10. Following the sale, the chief executive officer owned 298,998 shares of the company’s stock, valued at $233,586,207.54. This trade represents a 0.62% decrease in their position. The sale was disclosed in a legal filing with the SEC, 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 Performance

Shares of NASDAQ STX opened at $771.81 on Wednesday. The stock’s fifty day simple moving average is $846.41 and its 200 day simple moving average is $733.04. The stock has a market capitalization of $175.50 billion, a price-to-earnings ratio of 55.61 and a beta of 2.06. 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 Holdings PLC has a 52-week low of $206.26 and a 52-week high of $1,145.00.

Seagate Technology (NASDAQ:STX) last issued its quarterly earnings results on Tuesday, July 28th. The data storage provider reported $5.71 earnings per share for the quarter, topping 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 firm had revenue of $3.63 billion for the quarter, compared to analysts’ expectations of $3.50 billion. During the same quarter last year, the business posted $2.59 EPS. 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. As a group, sell-side analysts forecast that Seagate Technology Holdings PLC will post 35.7 earnings per share for the current fiscal year.

Seagate Technology Dividend Announcement

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

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $1,300.00 target price on shares of Seagate Technology in a research report on Wednesday, July 29th. Morgan Stanley increased their target price on shares of Seagate Technology from $1,035.00 to $1,187.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 29th. JPMorgan Chase & Co. raised their price target 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. Fox Advisors lowered shares of Seagate Technology from an “overweight” rating to an “equal weight” rating in a research report on Monday, June 22nd. Finally, Susquehanna lifted their target price on shares of Seagate Technology from $775.00 to $875.00 and gave the company a “neutral” rating in a research note on Wednesday, July 29th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, Seagate Technology has a consensus rating of “Moderate Buy” and an average price target of $986.00.

Seagate Technology News Roundup

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

• Positive Sentiment: Seagate is positioned as a major beneficiary of AI-driven hard-disk-drive demand. Fidelity’s investment commentary highlights the company’s exposure to expanding data-storage requirements, while Seagate’s recent results showed 48.5% year-over-year revenue growth and earnings above expectations. Seagate Technology as an AI storage beneficiary
• Positive Sentiment: A Seagate-sponsored global study found that 99% of organizations expect AI to increase storage needs, although only 38% say they are fully prepared. The findings support a long-term demand case for Seagate’s storage products. Seagate AI storage demand research
• Neutral Sentiment: Analysts and industry coverage point to strong nearline demand, hyperscale contracts and next-generation HAMR drive shipments. However, investors are questioning whether much of the AI-storage opportunity is already reflected in STX’s valuation. Seagate versus Western Digital AI storage demand
• Negative Sentiment: Several executives reported sizable stock sales. CFO Gianluca Romano’s transactions reduced his holdings substantially, while CEO William Mosley and other executives also sold shares. The filings state that many sales were made under Rule 10b5-1 plans or to cover tax obligations, reducing their signaling value but still adding short-term investor concern. Seagate executive stock sale filing
• Negative Sentiment: STX has also been caught in a broader technology selloff after prominent AI executives called for a more deliberate pace of frontier-model development. The move has pressured AI-exposed storage and semiconductor names despite Seagate’s favorable demand outlook. Technology stock selloff

Institutional Trading of Seagate Technology

Large investors have recently made changes to their positions in the stock. Wellington Management Group LLP boosted its holdings in Seagate Technology by 2,655.9% in the 2nd quarter. Wellington Management Group LLP now owns 2,414,136 shares of the data storage provider’s stock valued at $2,329,641,000 after purchasing an additional 2,326,538 shares during the period. Norges Bank acquired a new stake in Seagate Technology in the 4th quarter worth $498,363,000. Janus Henderson Group PLC increased its holdings in shares of Seagate Technology by 3,872.1% during the 1st quarter. Janus Henderson Group PLC now owns 967,528 shares of the data storage provider’s stock worth $378,985,000 after purchasing an additional 943,170 shares during the period. Deutsche Bank AG increased its holdings in shares of Seagate Technology by 102.0% during the 4th quarter. Deutsche Bank AG now owns 1,599,962 shares of the data storage provider’s stock worth $440,614,000 after purchasing an additional 807,962 shares during the period. Finally, National Pension Service raised its position in shares of Seagate Technology by 298.7% during the fourth quarter. National Pension Service now owns 997,223 shares of the data storage provider’s stock valued at $274,625,000 after buying an additional 747,102 shares during the last quarter. Institutional investors own 92.87% of the company’s stock.

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.