Seagate Technology (NASDAQ:STX) CEO Sells $8,585,400.00 in Stock

Seagate Technology Holdings PLC (NASDAQ:STX) CEO William Mosley sold 20,000 shares of the stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $429.27, for a total value of $8,585,400.00. Following the transaction, the chief executive officer directly owned 410,056 shares of the company’s stock, valued at approximately $176,024,739.12. This trade represents a 4.65% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Seagate Technology Price Performance

NASDAQ:STX traded up $11.50 during trading hours on Tuesday, hitting $444.45. The company’s stock had a trading volume of 6,074,014 shares, compared to its average volume of 5,068,639. The company has a market capitalization of $94.92 billion, a PE ratio of 50.28, a PEG ratio of 0.94 and a beta of 1.62. Seagate Technology Holdings PLC has a 52-week low of $63.19 and a 52-week high of $459.41. The business’s 50-day moving average is $308.25 and its two-hundred day moving average is $241.71. The company has a debt-to-equity ratio of 7.63, a quick ratio of 0.72 and a current ratio of 1.12.

Seagate Technology (NASDAQ:STX) last posted its quarterly earnings results on Tuesday, January 27th. The data storage provider reported $3.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.77 by $0.34. The company had revenue of $2.83 billion during the quarter, compared to the consensus estimate of $2.73 billion. Seagate Technology had a net margin of 19.59% and a negative return on equity of 936.38%. The company’s revenue for the quarter was up 21.5% on a year-over-year basis. During the same period last year, the firm earned $2.03 EPS. Seagate Technology has set its Q3 2026 guidance at 3.200-3.600 EPS. As a group, research analysts anticipate that Seagate Technology Holdings PLC will post 6.83 EPS for the current fiscal year.

Seagate Technology Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 8th. Shareholders of record on Wednesday, March 25th will be given a dividend of $0.74 per share. The ex-dividend date is Wednesday, March 25th. This represents a $2.96 dividend on an annualized basis and a yield of 0.7%. Seagate Technology’s payout ratio is presently 33.48%.

Key Seagate Technology News

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

• Positive Sentiment: Q2 earnings beat and AI tailwinds — Seagate reported better-than-expected EPS and revenue, and commentary that AI-driven demand and visible long-term HAMR (heat-assisted magnetic recording) demand helped lift sentiment. Read More.
• Positive Sentiment: Analyst upgrades and higher price targets — Multiple firms have bumped targets and ratings (including Cantor Fitzgerald, Barclays, Wedbush, Bernstein and Exane BNP Paribas), providing fresh buy-side momentum. Read More.
• Positive Sentiment: Dividend declared — Seagate announced a quarterly dividend (annualized ~$2.96), which adds income appeal for some investors and signals confidence in cash flow. Read More.
• Positive Sentiment: Positive industry/momentum coverage — Zacks highlights Seagate as a long-term growth and momentum pick amid AI-driven storage demand, keeping buy-side attention focused on STX. Read More.
• Neutral Sentiment: Inclusion on storage/AI stock lists — Several analyst pieces and roundup lists (Zacks, MarketBeat) include STX as a top storage or momentum pick, which can attract flows but doesn’t guarantee sustained price direction. Read More.
• Negative Sentiment: Insider/exec selling — Director Jay L. Geldmacher and EVP Ban Seng Teh disclosed significant share sales (large percentage reductions), which investors often view as a negative signal even if motivated by diversification or tax reasons. Read More.
• Negative Sentiment: ESOP shelf filing raises dilution questions — A recent shelf filing for an employee stock ownership plan prompted investor concern about potential future dilution after strong recent share gains. Read More.

Institutional Trading of Seagate Technology

A number of institutional investors have recently modified their holdings of STX. Salomon & Ludwin LLC lifted its holdings in shares of 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 acquiring an additional 51 shares in the last quarter. Armstrong Advisory Group Inc. purchased a new position in Seagate Technology in the fourth quarter valued at about $28,000. Concord Wealth Partners acquired a new position in shares of Seagate Technology during the fourth quarter worth about $28,000. Avion Wealth boosted its position in shares of Seagate Technology by 343.5% in the fourth quarter. Avion Wealth now owns 102 shares of the data storage provider’s stock worth $28,000 after buying an additional 79 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Seagate Technology in the fourth quarter worth about $37,000. Hedge funds and other institutional investors own 92.87% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Wells Fargo & Company boosted their price target on Seagate Technology from $360.00 to $450.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 28th. Weiss Ratings restated a “buy (b)” rating on shares of Seagate Technology in a report on Monday, December 29th. Mizuho lifted their price target on shares of Seagate Technology from $370.00 to $400.00 and gave the stock an “outperform” rating in a report on Tuesday, January 27th. UBS Group upped their price objective on shares of Seagate Technology from $335.00 to $385.00 and gave the company a “neutral” rating in a research note on Wednesday, January 28th. Finally, Fox Advisors raised their target price on shares of Seagate Technology from $245.00 to $270.00 in a research report on Wednesday, October 29th. One research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $417.57.

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.