Seagate Technology (NASDAQ:STX) CEO Sells $75,584,012.46 in Stock

Seagate Technology Holdings PLC (NASDAQ:STX) CEO William Mosley sold 97,889 shares of the stock in a transaction dated Tuesday, September 15th. The shares were sold at an average price of $772.14, for a total value of $75,584,012.46. Following the completion of the sale, the chief executive officer owned 378,108 shares of the company’s stock, valued at approximately $291,952,311.12. This trade represents a 20.57% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Seagate Technology Stock Up 1.5%

Seagate Technology stock traded up $11.37 during midday trading on Wednesday, hitting $783.18. 3,353,335 shares of the company were exchanged, compared to its average volume of 4,331,383. The company has a market cap of $178.09 billion, a PE ratio of 56.43 and a beta of 2.06. Seagate Technology Holdings PLC has a fifty-two week low of $206.26 and a fifty-two week high of $1,145.00. The company’s fifty day moving average price is $846.41 and its 200-day moving average price is $733.04. The company has a debt-to-equity ratio of 1.56, a current ratio of 1.67 and a quick ratio of 1.17.

Seagate Technology (NASDAQ:STX) last issued its quarterly earnings data on Tuesday, July 28th. The data storage provider reported $5.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.10 by $0.61. The company had revenue of $3.63 billion during the quarter, compared to the consensus estimate of $3.50 billion. Seagate Technology had a net margin of 26.11% and a return on equity of 369.98%. Seagate Technology’s revenue for the quarter was up 48.5% on a year-over-year basis. During the same quarter last year, the company earned $2.59 earnings per share. Seagate Technology has set its Q1 2027 guidance at 7.100-7.500 EPS. On average, research analysts predict that Seagate Technology Holdings PLC will post 35.7 EPS for the current fiscal year.

Seagate Technology Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 7th. Investors 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 yield of 0.4%. The ex-dividend date of this dividend is Thursday, September 24th. Seagate Technology’s dividend payout ratio (DPR) is presently 21.33%.

Institutional Trading of Seagate Technology

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Wellington Management Group LLP boosted its position in Seagate Technology by 2,655.9% during 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. Geode Capital Management LLC increased its position 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 worth $1,343,683,000 after buying an additional 234,436 shares during the period. Arrowstreet Capital Limited Partnership lifted its stake in Seagate Technology by 8.3% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,193,063 shares of the data storage provider’s stock valued at $879,338,000 after buying an additional 243,551 shares during the last quarter. National Pension Service lifted its stake in Seagate Technology by 0.8% in the second quarter. National Pension Service now owns 834,705 shares of the data storage provider’s stock valued at $805,490,000 after buying an additional 6,944 shares during the last quarter. Finally, Norges Bank acquired a new position in shares of Seagate Technology during the fourth quarter valued at $498,363,000. 92.87% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have recently weighed in on STX. Bank of America raised their target price on Seagate Technology from $1,000.00 to $1,150.00 and gave the company a “buy” rating in a research note on Wednesday, July 1st. Sanford C. Bernstein restated an “outperform” rating and set a $1,350.00 price objective on shares of Seagate Technology in a research note on Wednesday, July 29th. Argus lifted their target price on Seagate Technology from $750.00 to $900.00 and gave the stock a “buy” rating in a research report on Thursday, July 30th. Melius Research began coverage on Seagate Technology in a report on Monday, June 29th. They issued a “buy” rating and a $1,600.00 price target for the company. Finally, Morgan Stanley raised their price objective on 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. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Seagate Technology currently has a consensus rating of “Moderate Buy” and a consensus price target of $986.00.

More Seagate Technology News

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

• Positive Sentiment: Seagate is being highlighted as a major beneficiary of rising AI-driven demand for high-capacity hard-disk drives. Fidelity’s investment commentary points to expanding hyperscale and data-center storage requirements, while Seagate’s latest quarterly results showed revenue growth of 48.5% year over year and earnings above expectations. Fidelity commentary on Seagate and AI storage demand
• Positive Sentiment: A Seagate-sponsored industry study found that 99% of organizations expect AI to increase storage needs, although only 38% believe they are fully prepared. The gap suggests potential future demand for Seagate’s mass-capacity storage products. Seagate AI storage research
• Positive Sentiment: Analyst sentiment remains favorable, with recent price-target increases and a consensus rating of “Moderate Buy.” Targets cited in the reports range as high as $1,300, reflecting expectations for strong nearline demand, hyperscale contracts and next-generation HAMR drive shipments. Seagate analyst ratings and price targets
• Neutral Sentiment: One report argues that Seagate could potentially reach $1,600 if AI-related storage demand continues to accelerate. However, the stock has already risen substantially, and investors are debating whether the expected growth is already reflected in its valuation. Seagate long-term price outlook
• Negative Sentiment: Multiple executives have recently sold shares, including CFO Gianluca Romano, CEO William Mosley and EVPs John Morris and Ban Teh. Most transactions were conducted under pre-arranged Rule 10b5-1 plans or to cover tax withholding on vested equity, which reduces their value as a bearish signal but may still weigh on sentiment. Seagate insider selling report
• Negative Sentiment: STX has also been pressured alongside other AI-linked technology stocks after prominent AI executives called for a slower, more cautious pace of frontier-model development. The market reaction raises concerns about the timing of AI infrastructure spending, even though Seagate’s underlying storage-demand outlook remains strong. AI technology sector selloff

About Seagate Technology

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.