Seagate Technology (NASDAQ:STX) EVP John Christopher Morris Sells 5,626 Shares of Stock

Seagate Technology Holdings PLC (NASDAQ:STX) EVP John Christopher Morris sold 5,626 shares of Seagate Technology stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $738.37, for a total transaction of $4,154,069.62. Following the completion of the transaction, the executive vice president directly owned 11,954 shares in the company, valued at approximately $8,826,474.98. The trade was a 32.00% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Seagate Technology Price Performance

NASDAQ STX opened at $786.42 on Thursday. The company has a quick ratio of 0.85, a current ratio of 1.33 and a debt-to-equity ratio of 3.16. Seagate Technology Holdings PLC has a 12-month low of $93.32 and a 12-month high of $792.01. The company has a market capitalization of $176.34 billion, a PE ratio of 74.61 and a beta of 1.98. The firm’s 50 day moving average is $469.01 and its 200-day moving average is $365.87.

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

Seagate Technology Dividend Announcement

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 (DPR) is 28.08%.

Key Headlines Impacting Seagate Technology

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

• Positive Sentiment: Seagate launched an AI‑focused storage suite (consumer and professional lines, up to 256TB, Thunderbolt 5 support) aimed at creators, gamers and AI workflows — a product update that can support higher ASPs and reinforce Seagate’s AI growth story. Seagate’s New AI Storage Suite Meets Rapidly Rising STX Valuation
• Positive Sentiment: Media and analyst pieces are framing STX as a momentum/AI beneficiary, helping investor sentiment and validating Seagate’s premium re‑rating. Seagate Stock’s Rally Is No Accident: 3 Reasons Wall Street Is Optimistic
• Positive Sentiment: Zacks published a momentum‑oriented bullish piece on STX, which can attract momentum traders and retail flows. Seagate (STX) is a Great Momentum Stock: Should You Buy?
• Positive Sentiment: Broader market risk appetite is improving as the VIX drifts lower, which typically supports tech and cyclical names like Seagate. CBOE VIX Slides Toward 17 as Oil Retreat and Tech Stock Surge Restore Risk Appetite
• Neutral Sentiment: Long‑time Lead Independent Director Mike Cannon announced he will retire at the end of his term in Oct‑2026 — a governance change but expected and orderly given his tenure. Seagate Announces the Retirement of Michael R. Cannon, Lead Independent Director
• Neutral Sentiment: A broader fintech/AI narrative piece referenced top AI performers; its inclusion underscores investor focus on AI exposure but impact on STX is indirect. The Best‑Performing AI Stock Nobody Is Talking About Has Outrun Nvidia by a Mile
• Negative Sentiment: EVP James Ci Lee sold 697 shares at an average $741.17 under a pre‑arranged Rule 10b5‑1 plan (filed with the SEC); while routine, insider selling can be viewed negatively by some investors. SEC Filing – James Ci Lee Form 4
• Negative Sentiment: EVP John Christopher Morris sold 5,626 shares at ~$738.37 under a Rule 10b5‑1 plan (SEC filing); a sizeable cash‑out that may catch investor attention. SEC Filing – John Christopher Morris Form 4
• Negative Sentiment: Director Stephanie Tilenius sold 1,580 shares at ~$766.61; while disclosed, multiple recent insider sales collectively add short‑term headline risk. SEC Filing – Stephanie Tilenius Form 4

Hedge Funds Weigh In On Seagate Technology

A number of institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in Seagate Technology by 1.6% during the third quarter. Vanguard Group Inc. now owns 28,140,287 shares of the data storage provider’s stock worth $6,642,796,000 after buying an additional 442,749 shares during the last quarter. State Street Corp boosted its position in Seagate Technology by 1.0% during the fourth quarter. State Street Corp now owns 9,370,805 shares of the data storage provider’s stock worth $2,587,535,000 after purchasing an additional 94,527 shares during the period. Morgan Stanley boosted its position in Seagate Technology by 5.1% during the fourth quarter. Morgan Stanley now owns 5,317,516 shares of the data storage provider’s stock worth $1,464,391,000 after purchasing an additional 258,151 shares during the period. WCM Investment Management LLC bought a new position in Seagate Technology during the third quarter worth $1,187,621,000. Finally, Geode Capital Management LLC boosted its position in Seagate Technology by 5.0% during 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 purchasing an additional 234,436 shares during the period. 92.87% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on STX shares. Morgan Stanley lifted their price objective on shares of Seagate Technology from $582.00 to $767.00 and gave the company an “overweight” rating in a report on Wednesday, April 29th. Weiss Ratings reiterated a “buy (b)” rating on shares of Seagate Technology in a report on Friday, March 27th. Wedbush boosted their target price 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. Zacks Research upgraded shares of Seagate Technology from a “hold” rating to a “strong-buy” rating in a report on Friday, May 1st. Finally, Cantor Fitzgerald boosted their target price on shares of Seagate Technology from $700.00 to $1,000.00 and gave the stock an “overweight” rating in a report on Wednesday, April 29th. One research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $709.13.

About Seagate Technology

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.