Seagate Technology (NASDAQ:STX) EVP Sells $471,632.84 in Stock

Seagate Technology Holdings PLC (NASDAQ:STX) EVP John Christopher Morris sold 574 shares of Seagate Technology stock in a transaction on Wednesday, June 10th. The stock was sold at an average price of $821.66, for a total transaction of $471,632.84. Following the transaction, the executive vice president directly owned 12,199 shares in the company, valued at approximately $10,023,430.34. This represents a 4.49% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

John Christopher Morris also recently made the following trade(s):

• On Monday, May 4th, John Christopher Morris sold 5,626 shares of Seagate Technology stock. The stock was sold at an average price of $738.37, for a total transaction of $4,154,069.62.

Seagate Technology Trading Up 6.4%

Shares of NASDAQ STX traded up $52.10 during midday trading on Thursday, reaching $868.09. 2,621,205 shares of the stock were exchanged, compared to its average volume of 4,078,229. The business has a 50-day simple moving average of $689.85 and a two-hundred day simple moving average of $468.16. The company has a market capitalization of $194.65 billion, a price-to-earnings ratio of 82.36 and a beta of 2.04. Seagate Technology Holdings PLC has a 12 month low of $124.63 and a 12 month high of $966.80. The company has a debt-to-equity ratio of 3.16, a current ratio of 1.33 and a quick ratio of 0.85.

Seagate Technology (NASDAQ:STX) last announced its quarterly earnings results on Tuesday, April 28th. The data storage provider reported $4.10 earnings per share for the quarter, topping analysts’ consensus estimates of $3.51 by $0.59. The company had revenue of $3.11 billion for the quarter, compared to analysts’ expectations of $2.96 billion. Seagate Technology had a net margin of 21.60% and a return on equity of 1,005.65%. The business’s quarterly revenue was up 44.1% compared to the same quarter last year. During the same period last year, the firm posted $1.90 earnings per share. Seagate Technology has set its Q4 2026 guidance at 4.800-5.200 EPS. As a group, equities research analysts expect that Seagate Technology Holdings PLC will post 14.1 EPS for the current year.

Seagate Technology Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 7th. Stockholders of record on Wednesday, June 24th will be given a dividend of $0.74 per share. This represents a $2.96 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend is Wednesday, June 24th. Seagate Technology’s dividend payout ratio (DPR) is currently 28.08%.

Trending Headlines about Seagate Technology

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

• Positive Sentiment: JPMorgan Chase & Co. raised its price target on Seagate to $920 from $775 and kept an Overweight rating, implying additional upside from recent levels. MarketScreener
• Positive Sentiment: BofA Securities also lifted its Seagate price target to $900 from $840 and reiterated a Buy rating, reinforcing the bullish analyst trend around the name. Yahoo Finance
• Positive Sentiment: Mizuho increased its price target to $1,090, citing AI growth potential and longer-term upside from Seagate’s storage technology strategy. MSN
• Positive Sentiment: Several recent articles highlight Seagate as a beneficiary of unprecedented AI-driven storage demand, with investors focusing on its Mozaic/HAMR technology and improving earnings outlook. Yahoo Finance
• Neutral Sentiment: Brokerage consensus remains constructive, with Seagate carrying a Moderate Buy recommendation overall. American Banking News
• Negative Sentiment: Some trading weakness was linked to broader market pressure after hotter-than-expected CPI data revived rate-hike concerns, weighing on semiconductors and related tech stocks. Yahoo Finance
• Negative Sentiment: One market note also flagged valuation risk after Seagate’s sharp run-up, suggesting investors may be balancing strong fundamentals against a stretched share price. Zacks

Institutional Investors Weigh In On Seagate Technology

Several hedge funds and other institutional investors have recently added to or reduced their stakes in STX. Salomon & Ludwin LLC increased its stake in Seagate Technology by 124.4% in 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. Rakuten Securities Inc. increased its stake in Seagate Technology by 884.2% in the 2nd quarter. Rakuten Securities Inc. now owns 187 shares of the data storage provider’s stock valued at $27,000 after buying an additional 168 shares during the last quarter. Armstrong Advisory Group Inc. acquired a new stake in Seagate Technology in the 4th quarter valued at $28,000. Avion Wealth increased its stake in Seagate Technology by 343.5% in the 4th quarter. Avion Wealth now owns 102 shares of the data storage provider’s stock valued at $28,000 after buying an additional 79 shares during the last quarter. Finally, Concord Wealth Partners acquired a new stake in Seagate Technology in the 4th quarter valued at $28,000. 92.87% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on STX shares. Weiss Ratings restated a “buy (b)” rating on shares of Seagate Technology in a report on Friday, March 27th. Barclays raised their price objective on shares of Seagate Technology from $750.00 to $1,000.00 and gave the stock an “overweight” rating in a report on Wednesday, May 27th. Wedbush raised their price objective on shares of Seagate Technology from $700.00 to $825.00 and gave the stock an “outperform” rating in a report on Monday, April 27th. Susquehanna raised their price objective on shares of Seagate Technology from $485.00 to $615.00 and gave the stock a “neutral” rating in a report on Wednesday, April 29th. Finally, TD Cowen raised their price objective on shares of Seagate Technology from $500.00 to $850.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating, twenty have issued 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 a consensus target price of $798.50.

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.