Seagate Technology (NASDAQ:STX) Trading Down 2.5% Following Insider Selling

Shares of Seagate Technology Holdings PLC (NASDAQ:STX) dropped 2.5% during mid-day trading on Thursday following insider selling activity. The company traded as low as $742.01 and last traded at $766.44. Approximately 4,557,181 shares traded hands during trading, an increase of 7% from the average daily volume of 4,271,718 shares. The stock had previously closed at $786.42.

Specifically, EVP James Ci Lee sold 697 shares of the stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $741.17, for a total transaction of $516,595.49. Following the transaction, the executive vice president owned 324 shares of the company’s stock, valued at approximately $240,139.08. This represents a 68.27% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP John Christopher Morris sold 5,626 shares of the company’s stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $738.37, for a total value of $4,154,069.62. Following the sale, the executive vice president owned 11,954 shares in the company, valued at approximately $8,826,474.98. This trade represents a 32.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In other Seagate Technology news, Director Stephanie Tilenius sold 1,580 shares of the company’s stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of $766.61, for a total transaction of $1,211,243.80. Following the sale, the director owned 10,664 shares in the company, valued at $8,175,129.04. This represents a 12.90% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Susquehanna upped their price target on Seagate Technology from $485.00 to $615.00 and gave the stock a “neutral” rating in a report on Wednesday, April 29th. KeyCorp set a $500.00 price target on Seagate Technology in a report on Wednesday, January 28th. Morgan Stanley upped their price target on Seagate Technology from $582.00 to $767.00 and gave the stock an “overweight” rating in a report on Wednesday, April 29th. Mizuho upped their price target on Seagate Technology from $565.00 to $700.00 and gave the stock an “outperform” rating in a report on Wednesday, April 29th. Finally, Wall Street Zen upgraded Seagate Technology from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. One equities research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $709.13.

Key Seagate Technology News

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

• Positive Sentiment: Morgan Stanley named STX a “Top Pick,” raising its price target to $767 and keeping an Overweight rating — a high?profile vote of confidence that supports the AI/data?center growth story and helped re?rate the stock. Morgan Stanley Calls Seagate Technology Holdings (STX) a “Top Pick”
• Positive Sentiment: Seagate launched an AI?focused storage suite (consumer and professional drives up to 256TB, Thunderbolt 5 support) aimed at content creators and AI workflows — this product push reinforces revenue mix improvement and higher ASP potential. Seagate’s New AI Storage Suite Meets Rapidly Rising STX Valuation
• Positive Sentiment: Macro sentiment is improving (VIX sliding), which favors tech/cyclical names and likely helped momentum flows into STX during the recent rally. CBOE VIX Slides Toward 17 as Oil Retreat and Tech Stock Surge Restore Risk Appetite
• Neutral Sentiment: Seagate reported strong quarterly results and raised FY guidance (Q4 2026 EPS guidance 4.80–5.20), providing fundamental support but already priced into shares. Company Earnings / Guidance
• Neutral Sentiment: Long?time Lead Independent Director Mike Cannon plans to retire in Oct?2026 — orderly governance change with limited near?term operational impact. Seagate Announces the Retirement of Michael R. Cannon
• Neutral Sentiment: Seagate declared a quarterly dividend (annualized $2.96, ~0.4% yield) — supportive for income investors but small relative to current valuation. Dividend Disclosure
• Negative Sentiment: Multiple insiders (EVPs and a director) sold shares in early May under pre?arranged 10b5?1 plans — sizable dispositions that can create short?term headline risk and feed profit?taking narratives. Insider Selling Filings
• Negative Sentiment: Valuation is elevated (high P/E and large market cap after the rally), increasing the risk of sharper pullbacks if growth expectations moderate. Valuation / Metrics

Seagate Technology Trading Down 2.5%

The firm has a market cap of $171.86 billion, a PE ratio of 72.72 and a beta of 1.98. The company has a current ratio of 1.33, a quick ratio of 0.85 and a debt-to-equity ratio of 3.16. The business has a fifty day moving average price of $469.01 and a 200 day moving average price of $365.87.

Seagate Technology (NASDAQ:STX) last released its quarterly earnings data on Tuesday, April 28th. The data storage provider reported $4.10 EPS for the quarter, beating analysts’ consensus estimates of $3.51 by $0.59. Seagate Technology had a return on equity of 1,005.65% and a net margin of 21.60%.The business had revenue of $3.11 billion for the quarter, compared to the consensus estimate of $2.96 billion. During the same quarter in the prior year, the business posted $1.90 EPS. The business’s revenue for the quarter was up 44.1% on a year-over-year basis. Seagate Technology has set its Q4 2026 guidance at 4.800-5.200 EPS. Analysts forecast that Seagate Technology Holdings PLC will post 14.1 EPS for the current year.

Seagate Technology Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 7th. Stockholders of record on Wednesday, June 24th will be issued a $0.74 dividend. The ex-dividend date is Wednesday, June 24th. This represents a $2.96 dividend on an annualized basis and a dividend yield of 0.4%. Seagate Technology’s dividend payout ratio is presently 28.08%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. grew its position in shares of Seagate Technology by 1.6% in the third quarter. Vanguard Group Inc. now owns 28,140,287 shares of the data storage provider’s stock valued at $6,642,796,000 after purchasing an additional 442,749 shares during the period. State Street Corp boosted its holdings in Seagate Technology by 1.0% in the fourth quarter. State Street Corp now owns 9,370,805 shares of the data storage provider’s stock valued at $2,587,535,000 after acquiring an additional 94,527 shares during the last quarter. Morgan Stanley boosted its holdings in Seagate Technology by 5.1% in the fourth quarter. Morgan Stanley now owns 5,317,516 shares of the data storage provider’s stock valued at $1,464,391,000 after acquiring an additional 258,151 shares during the last quarter. WCM Investment Management LLC acquired a new position in Seagate Technology in the third quarter valued at $1,187,621,000. Finally, Geode Capital Management LLC boosted its holdings in Seagate Technology by 5.0% in the fourth quarter. Geode Capital Management LLC now owns 4,896,815 shares of the data storage provider’s stock valued at $1,343,683,000 after acquiring an additional 234,436 shares during the last quarter. Hedge funds and other institutional investors own 92.87% of the company’s stock.

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.